District of Lantzville Council Meeting Agenda February 2026
Council Consents to $112M Forcemain Loan with Regional District
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Description
The District of Lantzville Council approved consent to the Regional District of Nanaimo’s Bylaw No. 1904, authorizing borrowing of up to $112.2 million over 20 years for upgrading the Departure Bay Forcemain serving the regional sewer system.
Contract Details
Contract Amount
$112,172,304
Vendor
REGIONAL DISTRICT OF NANAIMO
Agency
District of Lantzville, Canada
Contract Type
OTHER
Document Date
February 25, 2026
Contract Term
Up to 20 years
Renewal Date
2046-12-31
Renewal Info
Term is up to 20 years; debentures issued by the Regional District. Temporary borrowing bylaws support process until long-term debt is secured.
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