FINANCIAL_SERVICESRECOMMENDED

Town Plans Long-Term Loan Agreement With Desjardins

The Town of Cochrane plans to enter a long-term loan agreement with Desjardins for $2,458,850 at a five-year fixed rate of 4.42% over a 20-year amortization to support capital financing needs. A borrowing bylaw will be brought forward for formal approval in April 2026.

Status
RECOMMENDED
Document date
March 23, 2026
Contract type
FINANCIAL_SERVICES
Vendor
DESJARDINS
Agency
Town of Cochrane · Canada

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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
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
$2,458,850
Contract type
FINANCIAL_SERVICES
Contract term
5-year fixed interest rate at 4.42% with 20-year amortization
Renewal date
2031-03-23
Renewal
Single long-term debt issuance; no renewal terms described. Borrowing bylaw to be considered April 14, 2026 to formally authorize the debt.
Document type
Agenda
Source document
Town of Cochrane Special Council Meeting Agenda March 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 Town of Cochrane?

DESJARDINS was awarded this financial services contract by Town of Cochrane, as recorded on March 23, 2026. The contract value is $2,458,850.

How much is the DESJARDINS contract with Town of Cochrane worth?

The DESJARDINS contract with Town of Cochrane is valued at $2,458,850, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Cochrane Special Council Meeting Agenda March 2026 (Agenda), dated March 23, 2026 from Town of Cochrane. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does DESJARDINS hold?

DESJARDINS 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 Town of Cochrane currently buying?

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

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