EQUIPMENTRECOMMENDED

Five-Year Financing for New Caterpillar Backhoe

City staff propose acquiring a new Caterpillar 420 backhoe loader from Toromont Industries Ltd., trading in the existing 2013 416F2 unit for a net upset cost of $173,769.86. The unbudgeted purchase would be financed over a five-year term via the City’s TD Equipment Line of Credit.

Document date · August 26, 2026

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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
$173,769.86 upset net cost (including HST; after HST refund) financed over 5 years
Contract type
EQUIPMENT
Contract term
5-year term financing through TD Equipment Line of Credit
Renewal
One-time capital equipment purchase; includes a 12-month complete warranty plus a 5-year/5,000-hour extended powertrain warranty. No renewal or extension terms are indicated for the Sales Agreement itself.
Document type
StaffReport
Source document
City of Elliot Lake Staff Report Purchase of Replacement Heavy Equipment 2026-08-26

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the equipment contract by City of Elliot Lake?

Toromont Industries Ltd Dba Toromont Cat was awarded this equipment contract by City of Elliot Lake, as recorded on August 26, 2026. The contract value is $173,769.86 upset net cost (including HST; after HST refund) financed over 5 years.

How much is the Toromont Industries Ltd Dba Toromont Cat contract with City of Elliot Lake worth?

The Toromont Industries Ltd Dba Toromont Cat contract with City of Elliot Lake is valued at $173,769.86 upset net cost (including HST; after HST refund) financed over 5 years, covering equipment work.

What type of contract is this?

This is a Equipment contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in City of Elliot Lake Staff Report Purchase of Replacement Heavy Equipment 2026-08-26 (StaffReport), dated August 26, 2026 from City of Elliot Lake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Toromont Industries Ltd Dba Toromont Cat hold?

Toromont Industries Ltd Dba Toromont Cat 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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