District of Coldstream Regular Meeting Agenda Packet April 2026
Coldstream plans $8.5M MFA borrowing for public works
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Description
Administration recommends that Council approve borrowing $8,500,000 from the Municipal Finance Authority of British Columbia in the 2026 Fall Borrowing Session to finance the Public Works Building under Bylaw No. 1808, 2022. The Regional District of North Okanagan must provide consent and include the borrowing in its Security Issuing Bylaw.
Contract Details
Contract Amount
$8,500,000
Vendor
MUNICIPAL FINANCE AUTHORITY OF BRITISH COLUMBIA
Agency
District of Coldstream, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Contract Term
To be borrowed over a term to be determined as part of the 2026 Fall Borrowing Session
Renewal Info
This is a new long-term borrowing arrangement under existing loan authorization; specific renewal or refinancing options are not detailed.
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