FINANCIAL_SERVICESAPPROVED

City of Cambridge Awards Financial Services Contract to Regional Municipality of Waterloo (February 2023)

The City of Cambridge approved entering into a multi-party Joint Brownfield Tax Increment Grant agreement with the Regional Municipality of Waterloo and the owners of 130 Water Street North, providing up to $11,626,450 in shared tax increment incentives. The arrangement supports environmental remediation and redevelopment of the brownfield site.

Document date · February 28, 2023

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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
Not to exceed $11,626,450 (shared with City)
Contract type
FINANCIAL_SERVICES
Renewal
The agreement revises the 2011 TIG arrangement and explicitly permits future amending agreements among the parties.
Document type
Minutes
Source document
Corporation of the City of Cambridge Special Council Meeting Minutes 2023-02-28

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Cambridge?

Regional Municipality of Waterloo was awarded this financial services contract by City of Cambridge, as recorded on February 28, 2023. The contract value is Not to exceed $11,626,450 (shared with City).

How much is the Regional Municipality of Waterloo contract with City of Cambridge worth?

The Regional Municipality of Waterloo contract with City of Cambridge is valued at Not to exceed $11,626,450 (shared with City), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Corporation of the City of Cambridge Special Council Meeting Minutes 2023-02-28 (Minutes), dated February 28, 2023 from City of Cambridge. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Regional Municipality of Waterloo hold?

Regional Municipality of Waterloo 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 City of Cambridge currently buying?

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