FINANCIAL_SERVICESAPPROVED

City of St. Thomas Awards Financial Services Contract to 1000905949 Ontario Inc (July 2026)

The City of St. Thomas will extend a package of CIP incentives, including a no-interest loan, grants, and tax relief, to 1000905949 Ontario Inc. for construction of a four-unit rental building at 242 Alma Street. Support covers construction costs, development charges, prior parkland cash-in-lieu, planning fees, and phased tax increment grants under a seven-year loan agreement.

Status
APPROVED
Document date
July 13, 2026
Contract type
FINANCIAL_SERVICES
Vendor
1000905949 Ontario Inc
Agency
City of St. Thomas · Canada

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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
Residential no-interest loan up to $60,000; Residential Grant up to $50,000–$60,000; Development Charge Grant approx. $25,742; Tax Increment Grant estimated cumulative $26,100; Parkland Dedication Grant $11,625; Planning and Building Fees Grant up to $5,000
Contract type
FINANCIAL_SERVICES
Contract term
Residential loan repayable over 7 years; Tax Increment Grant over 5-year schedule
Renewal
Residential loan is fixed-term for seven years; Tax Increment Grant follows a declining 5-year schedule; grants are one-time benefits tied to project completion.
Document type
AgendaPacket
Source document
City of St. Thomas Agenda Packet 2026-07-13

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of St. Thomas?

1000905949 Ontario Inc was awarded this financial services contract by City of St. Thomas, as recorded on July 13, 2026. The contract value is Residential no-interest loan up to $60,000; Residential Grant up to $50,000–$60,000; Development Charge Grant approx. $25,742; Tax Increment Grant estimated cumulative $26,100; Parkland Dedication Grant $11,625; Planning and Building Fees Grant up to $5,000.

How much is the 1000905949 Ontario Inc contract with City of St. Thomas worth?

The 1000905949 Ontario Inc contract with City of St. Thomas is valued at Residential no-interest loan up to $60,000; Residential Grant up to $50,000–$60,000; Development Charge Grant approx. $25,742; Tax Increment Grant estimated cumulative $26,100; Parkland Dedication Grant $11,625; Planning and Building Fees Grant up to $5,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of St. Thomas Agenda Packet 2026-07-13 (AgendaPacket), dated July 13, 2026 from City of St. Thomas. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 1000905949 Ontario Inc hold?

1000905949 Ontario Inc 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 1000905949 Ontario Inc's profile

What is City of St. Thomas currently buying?

Explore City of St. Thomas's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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