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