Town Plans $500K Loan to Frog Lake First Nation

Elk Point drafted Bylaw 876/23 to authorize a $500,000.00 loan from the Town’s unrestricted surplus to Frog Lake First Nation for purchasing industrial lots 1–3, Block 46, Plan 1223731. The lending agreement’s terms will be detailed in Schedule “A” and is intended to spur local economic development.

Document date · May 23, 2023

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Scope & details

The full contract record, as filed.

Contract amount

$500,000.00

Contract type

FINANCIAL_SERVICES

Renewal

Loan terms, interest rate, and repayment schedule will be governed by Schedule “A” of Bylaw 876/23 once fully approved.

Document type

Agenda

Source document

Town of Elk Point Regular Council Meeting Agenda 2023-05-23

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Elk Point?

Frog Lake First Nation was awarded this financial services contract by Town of Elk Point, as recorded on May 23, 2023. The contract value is $500,000.00.

How much is the Frog Lake First Nation contract with Town of Elk Point worth?

The Frog Lake First Nation contract with Town of Elk Point is valued at $500,000.00, 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 Elk Point Regular Council Meeting Agenda 2023-05-23 (Agenda), dated May 23, 2023 from Town of Elk Point. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Frog Lake First Nation hold?

Frog Lake First Nation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Frog Lake First Nation's profile

What is Town of Elk Point currently buying?

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