FINANCIAL_SERVICESAPPROVED

Township of North Glengarry Awards Financial Services Contract to Royal Bank of Canada (August 2026)

North Glengarry Council adopted By-Law 45-2026 to finance Dräger self-contained breathing apparatuses via a $590,000 loan from the Royal Bank of Canada at an estimated 4.43% interest, with a three-year term amortized over fifteen years. This arrangement supports long-term payment of critical fire safety equipment.

Status
APPROVED
Document date
August 20, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Royal Bank of Canada
Agency
Township of North Glengarry · Canada

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$590,000 (loan principal)
Contract type
FINANCIAL_SERVICES
Contract term
Interest term 3 years; amortization term 15 years
Renewal date
2029-08-20
Renewal
Three-year interest term with a fifteen-year amortization; renewal or refinancing will be considered when the initial interest term expires.
Document type
AgendaPacket
Source document
The Corporation of the Township of North Glengarry AgendaPacket Special Meeting of Council 2026-08-20

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Township of North Glengarry?

Royal Bank of Canada was awarded this financial services contract by Township of North Glengarry, as recorded on August 20, 2026. The contract value is $590,000 (loan principal).

How much is the Royal Bank of Canada contract with Township of North Glengarry worth?

The Royal Bank of Canada contract with Township of North Glengarry is valued at $590,000 (loan principal), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in The Corporation of the Township of North Glengarry AgendaPacket Special Meeting of Council 2026-08-20 (AgendaPacket), dated August 20, 2026 from Township of North Glengarry. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Royal Bank of Canada hold?

Royal Bank of Canada may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Township of North Glengarry currently buying?

Explore Township of North Glengarry's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Township of North Glengarry's profile

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