Calgary Considers Loan Guarantee for National Music Centre

Calgary is considering a loan guarantee of up to $36.5 million for National Music Centre’s refinancing efforts. Administration must assess the proposal and report findings, recommendations, and required approvals to the Executive Committee by December 7, 2026.

Document date · October 5, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Up to $36.5 million; proposed administration fee of 0.10 percent per annum on the maximum guaranteed amount

Contract type

FINANCIAL_SERVICES

Renewal

Proposed guarantee terms, definitive credit documentation, reimbursement obligations, security, and duration remain subject to assessment and Council approval. The supporting explainer states that municipal guarantees may have terms of up to 25 years under Bylaw 11M2023, but no specific term has been proposed for National Music Centre.

Document type

Agenda

Source document

Calgary Agenda Executive Committee Meeting 2026-10-05

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Calgary?

National Music Centre was awarded this financial services contract by City of Calgary, as recorded on October 5, 2026. The contract value is Up to $36.5 million; proposed administration fee of 0.10 percent per annum on the maximum guaranteed amount.

How much is the National Music Centre contract with City of Calgary worth?

The National Music Centre contract with City of Calgary is valued at Up to $36.5 million; proposed administration fee of 0.10 percent per annum on the maximum guaranteed amount, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Calgary Agenda Executive Committee Meeting 2026-10-05 (Agenda), dated October 5, 2026 from City of Calgary. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does National Music Centre hold?

National Music Centre may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View National Music Centre's profile

What is City of Calgary currently buying?

Explore City of Calgary's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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