FINANCIAL_SERVICESDISCUSSED

Council Reviews Efficiency Capital Arena Retrofit Financing Proposal

Council reviewed a CAO report outlining Efficiency Capital’s proposed turnkey financing model for up to $1.5 million in energy retrofits at the Warren Arena, with repayment over as long as 20 years through escalating service fees. The proposal includes construction-period interest, administration and closing fees, reserve requirements, and potential rights of first refusal on future retrofit projects.

Document date · March 2, 2026

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Veritone logo
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
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $1,500,000, with potential upsizing by $1,000,000; monthly fee ranging from $600 to $770 per $100,000 of net upgrades, plus 3% annual escalator, 2% closing fee, $25,000 work fee, and $7,500 annual administration fee
Contract type
FINANCIAL_SERVICES
Contract term
Up to 20-year operational term following construction period ending by December 2026 or commercial operation date
Renewal
The indicative term sheet allows prepayment after year 5 with 90 days’ notice, including outstanding principal, accrued interest, and a prepayment fee equal to two quarterly payments. Investor seeks a five-year or $10M right of first refusal on future upgrades.
Document type
AgendaPacket
Source document
Municipality of Markstay-Warren Regular Council Meeting Agenda March 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Municipality of Markstay-Warren?

Efficiency Capital was awarded this financial services contract by Municipality of Markstay-Warren, as recorded on March 2, 2026. The contract value is Up to $1,500,000, with potential upsizing by $1,000,000; monthly fee ranging from $600 to $770 per $100,000 of net upgrades, plus 3% annual escalator, 2% closing fee, $25,000 work fee, and $7,500 annual administration fee.

How much is the Efficiency Capital contract with Municipality of Markstay-Warren worth?

The Efficiency Capital contract with Municipality of Markstay-Warren is valued at Up to $1,500,000, with potential upsizing by $1,000,000; monthly fee ranging from $600 to $770 per $100,000 of net upgrades, plus 3% annual escalator, 2% closing fee, $25,000 work fee, and $7,500 annual administration fee, 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 Municipality of Markstay-Warren Regular Council Meeting Agenda March 2026 (AgendaPacket), dated March 2, 2026 from Municipality of Markstay-Warren. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Efficiency Capital hold?

Efficiency Capital 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 Municipality of Markstay-Warren currently buying?

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