City Plans $300K TD Visa Credit Facility
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Description
City administration proposed establishing a $300,000 Visa credit limit with TD Canada Trust to replace the existing Desjardins corporate card facility. The credit line will support day‑to‑day municipal expenditures with no increase in overall credit exposure.
Contract Details
Contract Amount
$300,000 credit limit
Vendor
TD CANADA TRUST (THE TORONTO-DOMINION BANK)
Agency
City of Elliot Lake, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
June 15, 2026
Renewal Info
Ongoing revolving credit facility priced on TD’s schedule of rates; continuation subject to TD’s standard terms and municipal banking arrangements.
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City of Elliot Lake Committee of the Whole Regular Meeting Agenda 2026-06-15
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