Town proposes $500,000 loan to Frog Lake First Nation

The Town of Elk Point is considering a loan agreement with Frog Lake First Nation for up to $500,000 to support acquisition and development of lands in Elk Point. The loan, secured by a collateral mortgage, would run until September 1, 2028 with stepped interest rates and annual interest payments.

Document date · June 26, 2023

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Scope & details

The full contract record, as filed.

Contract amount

$500,000.00

Contract type

FINANCIAL_SERVICES

Contract term

From 2023 until on or before September 1, 2028

Renewal date

2028-09-01

Renewal

Single-term loan agreement to be repaid in full with interest on or before September 1, 2028; no renewals or extensions are specified.

Document type

Agenda

Source document

Town of Elk Point Regular Council Meeting Agenda 2023-06-26

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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 June 26, 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 2023-06-26 (Agenda), dated June 26, 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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