FINANCIAL_SERVICESPENDING

Sheridan Rapids Bridge financing application to OILC approved

Lanark Highlands Council authorized an application to Ontario Infrastructure and Lands Corporation for up to $859,208.72 in 20-year debenture financing at 4.79% to fund the Sheridan Rapids Bridges project. By-law 2026-2036 empowers the Township to complete the loan and issue debentures upon OILC approval.

Status
PENDING
Document date
May 26, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Ontario Infrastructure & Lands Corporation ("oilc")
Agency
Township of Lanark Highlands · Canada

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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
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
Up to $859,208.72 principal for Sheridan Rapids Bridge; interest rate 4.79% for 20 years
Contract type
FINANCIAL_SERVICES
Contract term
20 years at 4.79% fixed for Sheridan Rapids Bridges
Renewal date
2046-05-26
Renewal
Single 20-year debenture to be issued upon OILC approval; future refinancing debentures may be issued at maturity if required.
Document type
AgendaPacket
Source document
Lanark Highlands Council AgendaPacket 2026-05-26

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Township of Lanark Highlands?

Ontario Infrastructure & Lands Corporation ("oilc") was awarded this financial services contract by Township of Lanark Highlands, as recorded on May 26, 2026. The contract value is Up to $859,208.72 principal for Sheridan Rapids Bridge; interest rate 4.79% for 20 years.

How much is the Ontario Infrastructure & Lands Corporation ("oilc") contract with Township of Lanark Highlands worth?

The Ontario Infrastructure & Lands Corporation ("oilc") contract with Township of Lanark Highlands is valued at Up to $859,208.72 principal for Sheridan Rapids Bridge; interest rate 4.79% for 20 years, 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 Lanark Highlands Council AgendaPacket 2026-05-26 (AgendaPacket), dated May 26, 2026 from Township of Lanark Highlands. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ontario Infrastructure & Lands Corporation ("oilc") hold?

Ontario Infrastructure & 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 & Lands Corporation ("oilc")'s profile

What is Township of Lanark Highlands currently buying?

Explore Township of Lanark Highlands's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Township of Lanark Highlands's profile

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