City of Elliot Lake AgendaPacket Committee of the Whole Regular Meeting 2026-06-15
$10M TD operating line recommended for City
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Description
The Director of Finance has brought forward a recommendation for Council to authorize a $10 million operating line of credit with TD Canada Trust as part of the City’s new banking package. The facility would provide flexible short-term financing capacity for municipal operations.
Contract Details
Contract Amount
$10,000,000 credit limit
Vendor
TD CANADA TRUST
Agency
City of Elliot Lake, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
June 15, 2026
Renewal Info
Operating line of credit terms, renewal options, and review dates are not included in the excerpt and would be set out in the TD facility agreement.
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