City of Merritt Regular Council Meeting Agenda April 14 2026
City Seeks MFA Loan for Solid Waste Truck Purchase
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Description
The City of Merritt plans to borrow $416,492 from the Municipal Finance Authority to purchase a commercial solid waste truck, with the loan to be repaid over five years and no renewal rights. Council approval is requested under section 175 of the Community Charter.
Contract Details
Contract Amount
$416,492
Vendor
MUNICIPAL FINANCE AUTHORITY
Agency
City of Merritt, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
April 14, 2026
Contract Term
To be repaid within 5 years, with no right of renewal
Renewal Info
Loan to be repaid within 5 years with no right of renewal.
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