FINANCIAL_SERVICESPENDING

Council defers decision on BMO investment reinvestment

Central Elgin holds $10,265,271 in boundary adjustment compensation with the Bank of Montreal and directed staff to report back on investment options. A final decision on reinvestment and term is pending Council review.

Status
PENDING
Document date
August 7, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Bank of Montreal
Agency
Municipality of Central Elgin · Canada

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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
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
$10,265,271 (boundary adjustment compensation)
Contract type
FINANCIAL_SERVICES
Renewal
Existing investment is approaching maturity around August 24, 2026; renewal terms will be set after Council considers staff's follow-up report.
Document type
Agenda
Source document
Municipality of Central Elgin Agenda 2026-08-11

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Municipality of Central Elgin?

Bank of Montreal was awarded this financial services contract by Municipality of Central Elgin, as recorded on August 7, 2026. The contract value is $10,265,271 (boundary adjustment compensation).

How much is the Bank of Montreal contract with Municipality of Central Elgin worth?

The Bank of Montreal contract with Municipality of Central Elgin is valued at $10,265,271 (boundary adjustment compensation), 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 Municipality of Central Elgin Agenda 2026-08-11 (Agenda), dated August 7, 2026 from Municipality of Central Elgin. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bank of Montreal hold?

Bank of Montreal 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 Municipality of Central Elgin currently buying?

Explore Municipality of Central Elgin's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Municipality of Central Elgin's profile

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