The Corporation of the City of St. Catharines Regular Council Minutes 2026-05-25
City Extends Line of Credit Guarantee for Niagara Symphony
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Description
Council approved extending the City's guarantee of the Niagara Symphony Orchestra's line of credit at Meridian Credit Union until March 31, 2027, subject to enhanced financial reporting and council representation conditions. The previous restriction on full utilization of the board-secured LOC was lifted and the extension is authorized under By-law 2026-074.
Contract Details
Vendor
NIAGARA SYMPHONY ORCHESTRA (NSO)
Agency
City of St. Catharines, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 25, 2026
Contract Term
Until March 31, 2027
Renewal Date
2027-03-31
Renewal Info
Guarantee extended on a temporary basis to March 31, 2027 with specified conditions and removal of a prior utilization restriction.
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