School Board Recommends $65 Million CIBC Borrowing Authorization
Sir Adam Beck Public SchoolSchool · Baden, ON- Disclosed value
- Up to $65,000,000.00, plus interest at a rate to be agreed upon from time to time with CIBC
- From agenda
- Document date
- Sep 15, 2025
- Term
- Fiscal year 2026
The 30-second brief
The Waterloo Region District School Board recommended authorizing Canadian Imperial Bank of Commerce borrowing of up to $65 million for fiscal year 2026. The facility would support short-term cash flow needs until current revenues are collected, with interest payable at an agreed rate.
Canadian Imperial Bank of Commerce holds this financial services contract with Sir Adam Beck Public School. Its other public contracts on record include work for Village of Fraser Lake and Township of Ignace.
Term as filed: Fiscal year 2026.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to $65,000,000.00, plus interest at a rate to be agreed upon from time to time with CIBC
- Document date
- September 15, 2025
- Term
- Fiscal year 2026
- Source document
- Waterloo Region District School Board Agenda Business Services Standing Committee Meeting 2025-09-15 (Agenda)
Canadian Imperial Bank of Commerce's other public contracts
More Sir Adam Beck Public School contracts
Questions about this contract
Who was awarded the financial services contract by Sir Adam Beck Public School?
Canadian Imperial Bank of Commerce was awarded this financial services contract by Sir Adam Beck Public School, as recorded on September 15, 2025. The contract value is Up to $65,000,000.00, plus interest at a rate to be agreed upon from time to time with CIBC.
How much is the Canadian Imperial Bank of Commerce contract with Sir Adam Beck Public School worth?
The Canadian Imperial Bank of Commerce contract with Sir Adam Beck Public School is valued at Up to $65,000,000.00, plus interest at a rate to be agreed upon from time to time with CIBC, 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 Waterloo Region District School Board Agenda Business Services Standing Committee Meeting 2025-09-15 (Agenda), dated September 15, 2025 from Sir Adam Beck Public School. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Canadian Imperial Bank of Commerce hold?
Canadian Imperial Bank of Commerce 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 Sir Adam Beck Public School currently buying?
Explore Sir Adam Beck Public School's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.