Greater Essex County District School Board AgendaPacket Finance and Facility Services Committee Meeting 2026-06-09
Board to Approve $30M Short-Term Loan from Credit Union
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Description
Greater Essex County District School Board is set to approve a short-term borrowing agreement with Windsor Family Credit Union for up to $30 million. This loan will support various capital projects, including new school construction and renovations, from July 1, 2026, through June 30, 2027.
Contract Details
Contract Amount
$30,000,000
Vendor
WINDSOR FAMILY CREDIT UNION
Agency
Amherstburg Public School, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
June 9, 2026
Contract Term
July 1, 2026 to June 30, 2027
Renewal Date
2027-06-30
Renewal Info
Prior arrangement was with Royal Bank of Canada; this contract replaces that. Renewal will be required upon or before June 30, 2027, or when permanent financing is secured from Ministry of Education.
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Greater Essex County District School Board Finance and Facility Services Committee Agenda April 14, 2026
Greater Essex County District School Board Finance and Facility Services Committee Agenda April 14, 2026
Greater Essex County District School Board Finance and Facility Services Committee Agenda April 14, 2026
Greater Essex County District School Board Finance and Facility Services Committee Agenda April 14, 2026
Greater Essex County District School Board Finance and Facility Services Committee Agenda April 14, 2026
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