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Municipality of Rhineland Council Meeting Minutes November 2024

Long-term Funding Approved for Pembina Valley Water Co-op

$289,367.00 annually (5 years) and $89,671.00 annually (10 years)RM of RhinelandPEMBINA VALLEY WATER CO-OPNovember 20, 2024

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WithersRavenel logo
Derivita logo
Comcate logo
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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
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Description

The Council approved a financial contribution agreement with Pembina Valley Water Co-op, committing to $289,367 annually for 5 years and $89,671 annually for 10 years starting in 2025, to support capital improvements and debt relief.

Contract Details

Contract Amount

$289,367.00 annually (5 years) and $89,671.00 annually (10 years)

Vendor

PEMBINA VALLEY WATER CO-OP

Agency

RM of Rhineland, Canada

Contract Type

OTHER

Document Date

November 20, 2024

Contract Term

5 years and 10 years (two streams) starting 2025

Renewal Date

2034-12-31

Renewal Info

MOU covers two separate payment streams: 5-year and 10-year. Subject to annual budgeting and ongoing water rate changes.

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