FINANCIAL_SERVICESONGOING

Utility Promissory Note Repayment to Newmarket

Newmarket-Tay Power Distribution LTD repaid a $22 million promissory note to the Town of Newmarket in Q2 2022. The repayment was briefly held in operating accounts and then invested in GICs and Canadian equity funds, boosting year-to-date interest income.

Status
ONGOING
Document date
August 19, 2022
Contract type
FINANCIAL_SERVICES
Vendor
Newmarket-tay Power Distribution Ltd
Agency
Town of Newmarket · Canada

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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
$22,000,000 promissory note repayment
Contract type
FINANCIAL_SERVICES
Renewal
The report references repayment of the promissory note; any future lending arrangements are not described.
Document type
Report
Source document
Town of Newmarket Q2 2022 Investment Summary Report August 2022

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Newmarket?

Newmarket-tay Power Distribution Ltd was awarded this financial services contract by Town of Newmarket, as recorded on August 19, 2022. The contract value is $22,000,000 promissory note repayment.

How much is the Newmarket-tay Power Distribution Ltd contract with Town of Newmarket worth?

The Newmarket-tay Power Distribution Ltd contract with Town of Newmarket is valued at $22,000,000 promissory note repayment, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Newmarket Q2 2022 Investment Summary Report August 2022 (Report), dated August 19, 2022 from Town of Newmarket. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Newmarket-tay Power Distribution Ltd hold?

Newmarket-tay Power Distribution Ltd 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 Newmarket-tay Power Distribution Ltd's profile

What is Town of Newmarket currently buying?

Explore Town of Newmarket's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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