FINANCIAL_SERVICESPENDING

Cranbrook Seeks MFA Loan For Sewer Project

The City of Cranbrook plans to borrow $8,119,430 from the Municipal Finance Authority of British Columbia to permanently finance the Shadow Mountain Sanitary Sewer Construction Local Area Service over a 30‑year term. The debt will replace temporary borrowing and be repaid via a local area service parcel tax.

Status
PENDING
Document date
May 25, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Municipal Finance Authority of British Columbia
Agency
City of Cranbrook · 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
$8,119,430
Contract type
FINANCIAL_SERVICES
Contract term
30 years
Renewal date
2056-09-30
Renewal
Single 30‑year debenture issue under MFA’s 2026 Fall Borrowing Session; no renewals described beyond standard refinancing options at maturity.
Document type
AgendaPacket
Source document
City of Cranbrook AgendaPacket 2026-05-25

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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 Cranbrook?

Municipal Finance Authority of British Columbia was awarded this financial services contract by City of Cranbrook, as recorded on May 25, 2026. The contract value is $8,119,430.

How much is the Municipal Finance Authority of British Columbia contract with City of Cranbrook worth?

The Municipal Finance Authority of British Columbia contract with City of Cranbrook is valued at $8,119,430, 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 City of Cranbrook AgendaPacket 2026-05-25 (AgendaPacket), dated May 25, 2026 from City of Cranbrook. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Municipal Finance Authority of British Columbia hold?

Municipal Finance Authority of British Columbia 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 City of Cranbrook currently buying?

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

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