FINANCIAL_SERVICESAPPROVED

Township of Drummond/North Elmsley Awards Financial Services Contract to Ontario Infrastructure and Lands Corporation ("oilc") (August 2026)

The Township of Drummond/North Elmsley approved By-Law 2026-034 authorizing a $1,000,000 debenture with Ontario Infrastructure and Lands Corporation at 4.01% to fund the Ferguson’s Falls Community Hall. The ten-year loan will be repaid through 120 monthly instalments totaling approximately $1.215 million, starting September 1, 2026.

Document date · August 11, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$1,000,000.00 (principal), total payments $1,215,512.00
Contract type
FINANCIAL_SERVICES
Contract term
September 1, 2026 – September 1, 2036 (120 monthly payments)
Renewal date
2036-09-01
Renewal
Fixed-term debenture maturing September 1, 2036; no renewal terms stated. Early repayment may trigger a make-whole amount as defined in the debenture conditions.
Document type
AgendaPacket
Source document
Township of Drummond/North Elmsley AgendaPacket #14 Council Meeting 2026-08-11

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Township of Drummond/North Elmsley?

Ontario Infrastructure and Lands Corporation ("oilc") was awarded this financial services contract by Township of Drummond/North Elmsley, as recorded on August 11, 2026. The contract value is $1,000,000.00 (principal), total payments $1,215,512.00.

How much is the Ontario Infrastructure and Lands Corporation ("oilc") contract with Township of Drummond/North Elmsley worth?

The Ontario Infrastructure and Lands Corporation ("oilc") contract with Township of Drummond/North Elmsley is valued at $1,000,000.00 (principal), total payments $1,215,512.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Township of Drummond/North Elmsley AgendaPacket #14 Council Meeting 2026-08-11 (AgendaPacket), dated August 11, 2026 from Township of Drummond/North Elmsley. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ontario Infrastructure and Lands Corporation ("oilc") hold?

Ontario Infrastructure and Lands Corporation ("oilc") 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 Ontario Infrastructure and Lands Corporation ("oilc")'s profile

What is Township of Drummond/North Elmsley currently buying?

Explore Township of Drummond/North Elmsley's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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