Bank of Montreal Amended WorkLink Overdraft Facility | District of Sooke | BANK OF MONTREAL

Scope & details

The full contract record, as filed.

Contract amount

Overdraft limit of $500,000 through August 31, 2026; $400,000 from September 1 through December 31, 2026; reverting to $350,000 January 1, 2027

Contract type

FINANCIAL_SERVICES

Contract term

May 1, 2026 – December 31, 2026, with reversion effective January 1, 2027

Renewal date

2027-01-01

Renewal

Temporary overdraft increase expires December 31, 2026; the limit automatically reverts to $350,000 on January 1, 2027.

Document type

AgendaPacket

Source document

District of Sooke AgendaPacket Special Council Meeting 2026-09-21

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by District of Sooke?

Bank of Montreal was awarded this financial services contract by District of Sooke, as recorded on September 21, 2026. The contract value is Overdraft limit of $500,000 through August 31, 2026; $400,000 from September 1 through December 31, 2026; reverting to $350,000 January 1, 2027.

How much is the Bank of Montreal contract with District of Sooke worth?

The Bank of Montreal contract with District of Sooke is valued at Overdraft limit of $500,000 through August 31, 2026; $400,000 from September 1 through December 31, 2026; reverting to $350,000 January 1, 2027, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in District of Sooke AgendaPacket Special Council Meeting 2026-09-21 (AgendaPacket), dated September 21, 2026 from District of Sooke. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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