Township of Edwardsburgh Cardinal Regular Meeting Agenda April 2026
RBC Selected for Edwardsburgh Land Bank Financing
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Description
Edwardsburgh Cardinal Council authorized the Treasurer to arrange up to $7.69 million in short- and long-term borrowing with the Royal Bank of Canada to finance the Edwardsburgh Land Bank purchase closing in June 2026. The Treasurer is empowered to execute all necessary financing agreements.
Contract Details
Contract Amount
Up to a total of $7,692,121.20 in borrowing
Vendor
ROYAL BANK OF CANADA
Agency
Township of Edwardsburgh/Cardinal, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Contract Term
Short term and long term borrowing associated with land purchase closing June 2026
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