Town of Provost Regular Council Agenda April 21 2026
ATB Financial Loan Supports Town Financing Needs
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Description
ATB Financial provides a demand bank loan to the Town of Provost with an outstanding balance of $261,556 at the end of 2025, repaid through annual payments of $140,168 at prime plus 0.30% interest until July 2027. The debt supports both capital and operating purposes.
Contract Details
Contract Amount
$261,556 outstanding; annual payments of $140,168 until July 2027
Vendor
ATB FINANCIAL
Agency
Town of Provost, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
April 21, 2026
Contract Term
Bank loan due on demand with scheduled annual payments until July 2027
Renewal Date
2027-07-31
Renewal Info
Loan is due on demand and scheduled to be fully repaid by July 2027; renewal or refinancing terms are not specified.
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