FINANCIAL_SERVICESAPPROVED

Town of Iroquois Falls Awards Financial Services Contract to Ontario Infrastructure and Lands Corporation Oilc (May 2026)

The Town of Iroquois Falls approved By-law 3995/26 to issue a $1,803,000 debenture to Ontario Infrastructure and Lands Corporation at 4.80% interest to finance Phase II of the Buckingham Avenue and Backlane reconstruction project. The 25-year loan runs from June 1, 2026, to June 1, 2051, with semi-annual payments totaling about $3.12 million over the term.

Status
APPROVED
Document date
May 25, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Ontario Infrastructure and Lands Corporation Oilc
Agency
Town of Iroquois Falls · Canada

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TerraCycle logo
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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
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IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$1,803,000.00 (total repayments $3,115,306.43)
Contract type
FINANCIAL_SERVICES
Contract term
June 1, 2026 – June 1, 2051 (25 years), semi-annual payments
Renewal date
2051-06-01
Renewal
Fixed 25-year non-prepayable-style term debenture with maturity on June 1, 2051; early repayment, if exercised, requires payment of a Make-Whole Amount as determined by OILC based on Ontario Yield. No renewal or extension options are described beyond the stated maturity.
Document type
Report
Source document
The Corporation of the Town of Iroquois Falls Staff Issue Report Buckingham Avenue Debenture 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 Town of Iroquois Falls?

Ontario Infrastructure and Lands Corporation Oilc was awarded this financial services contract by Town of Iroquois Falls, as recorded on May 25, 2026. The contract value is $1,803,000.00 (total repayments $3,115,306.43).

How much is the Ontario Infrastructure and Lands Corporation Oilc contract with Town of Iroquois Falls worth?

The Ontario Infrastructure and Lands Corporation Oilc contract with Town of Iroquois Falls is valued at $1,803,000.00 (total repayments $3,115,306.43), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in The Corporation of the Town of Iroquois Falls Staff Issue Report Buckingham Avenue Debenture 2026-05-25 (Report), dated May 25, 2026 from Town of Iroquois Falls. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ontario Infrastructure and Lands Corporation Oilc hold?

Ontario Infrastructure and Lands Corporation Oilc 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 Ontario Infrastructure and Lands Corporation Oilc's profile

What is Town of Iroquois Falls currently buying?

Explore Town of Iroquois Falls's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Iroquois Falls's profile

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