FINANCIAL_SERVICESPENDING

City plans expanded line of credit with BMO

The City of Regina proposes to expand its short-term borrowing with Bank of Montreal by increasing its line of credit to $20 million and its corporate credit card program limit to $1.5 million through April 30, 2037. Final approval will follow negotiation by the CFO and passage of a borrowing bylaw.

Status
PENDING
Document date
February 25, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Bank of Montreal (bmo)
Agency
City of Regina · Canada

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Line of credit of $20 million; corporate credit card program limit of $1.5 million plus related interest and costs
Contract type
FINANCIAL_SERVICES
Contract term
Until April 30, 2037
Renewal date
2037-04-30
Renewal
Short-term borrowing facilities will run through April 30, 2037 under a new or amended borrowing bylaw; any renewal beyond that date would require new negotiation and Council bylaw approval.
Document type
Agenda
Source document
City of Regina City Council Agenda February 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

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

Bank of Montreal (bmo) was awarded this financial services contract by City of Regina, as recorded on February 25, 2026. The contract value is Line of credit of $20 million; corporate credit card program limit of $1.5 million plus related interest and costs.

How much is the Bank of Montreal (bmo) contract with City of Regina worth?

The Bank of Montreal (bmo) contract with City of Regina is valued at Line of credit of $20 million; corporate credit card program limit of $1.5 million plus related interest and costs, 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 City of Regina City Council Agenda February 2026 (Agenda), dated February 25, 2026 from City of Regina. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bank of Montreal (bmo) hold?

Bank of Montreal (bmo) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Regina currently buying?

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

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