Township of Drummond/North Elmsley Awards Financial Services Contract to LANARK (June 2026)

The Township of Drummond/North Elmsley approved a 25-year special charge under By-Law 2026-026 for the Better Homes Lanark Program, with a total financed amount of $50,746.77 at 2.75% interest for a residential property. Lanark will fund and administer the local improvement, to be repaid through annual tax bill payments.

Scope & details

The full contract record, as filed.

Contract amount

$50,157.70 (local improvement cost, of which $39,000 is funded; $11,746.77 interest; total special charge $50,746.77)

Contract type

FINANCIAL_SERVICES

Contract term

25 years

Renewal

Special charge is amortized over 25 years and collected on the tax bill; no renewal is specified as it runs for the life of the financing term.

Document type

AgendaPacket

Source document

Township of Drummond/North Elmsley Agenda Packet 2026-06-09

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Township of Drummond/North Elmsley?

LANARK was awarded this financial services contract by Township of Drummond/North Elmsley, as recorded on June 9, 2026. The contract value is $50,157.70 (local improvement cost, of which $39,000 is funded; $11,746.77 interest; total special charge $50,746.77).

How much is the LANARK contract with Township of Drummond/North Elmsley worth?

The LANARK contract with Township of Drummond/North Elmsley is valued at $50,157.70 (local improvement cost, of which $39,000 is funded; $11,746.77 interest; total special charge $50,746.77), 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 Township of Drummond/North Elmsley Agenda Packet 2026-06-09 (AgendaPacket), dated June 9, 2026 from Township of Drummond/North Elmsley. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does LANARK hold?

LANARK 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 LANARK's profile

What is Township of Drummond/North Elmsley currently buying?

Explore Township of Drummond/North Elmsley's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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