Council Rejects Rural Connect Credit Facility Guarantee
Red Deer CountyCounty · AB- Disclosed value
- $5,000,000 (credit facility guarantee, no direct cash outlay)
- From agenda
- Document date
- Jul 6, 2026
The 30-second brief
Council rejected second reading of Bylaw 1026/2026, which would have guaranteed up to $5 million of Rural Connect Ltd.’s credit facilities at Prime plus 0.15% to finance Red Deer County broadband assets. The defeat of the guarantee requires the County to consider direct repayment of RCL’s broadband construction invoices instead.
Rural Connect Ltd holds this financial services contract with Red Deer County. Its other public contracts on record include work for Town of Peace River and Town of Castor.
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Contract details
- Contract type
- Financial Services
- Amount
- $5,000,000 (credit facility guarantee, no direct cash outlay)
- Document date
- July 6, 2026
- Vendor
- Rural Connect Ltd
- Agency
- Red Deer County
- Source document
- Red Deer County Council Meeting Agenda 2026-07-07 (Agenda)
Rural Connect Ltd's other public contracts
More Red Deer County contracts
Questions about this contract
Who was awarded the financial services contract by Red Deer County?
Rural Connect Ltd was awarded this financial services contract by Red Deer County, as recorded on July 6, 2026. The contract value is $5,000,000 (credit facility guarantee, no direct cash outlay).
How much is the Rural Connect Ltd contract with Red Deer County worth?
The Rural Connect Ltd contract with Red Deer County is valued at $5,000,000 (credit facility guarantee, no direct cash outlay), 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 Red Deer County Council Meeting Agenda 2026-07-07 (Agenda), dated July 6, 2026 from Red Deer County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Rural Connect Ltd hold?
Rural Connect Ltd may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Red Deer County currently buying?
Explore Red Deer County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.