City of St. Catharines Awards Financial Services Contract to 2390541 Ontario Inc (May 2023)

St. Catharines Council authorized a Brownfield Tax Increment Finance incentive agreement with 2390541 Ontario Inc. for 10 Pleasant Avenue, granting an 80% annual property tax rebate over 10 years. The BTIF agreement is established under the City’s 2020 Community Improvement Plan.

Document date · May 15, 2023

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

10-year period

Renewal date

2033-12-31

Renewal

Agreement provides a fixed 10-year BTIF incentive; no renewal options specified.

Document type

Minutes

Source document

The Corporation of the City of St. Catharines Regular Council Minutes 2023-05-15

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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 St. Catharines?

2390541 Ontario Inc was awarded this financial services contract by City of St. Catharines, as recorded on May 15, 2023.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in The Corporation of the City of St. Catharines Regular Council Minutes 2023-05-15 (Minutes), dated May 15, 2023 from City of St. Catharines. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 2390541 Ontario Inc hold?

2390541 Ontario Inc 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 2390541 Ontario Inc's profile

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