FINANCIAL_SERVICESPENDING

OILC Debenture Planned for Fire Station 2 Project

Springwater’s Fire Station 2 project is planned to be financed via a $11,970,448, 25-year amortizing debenture from Ontario Infrastructure and Lands Corporation. The loan is scheduled for issuance on September 30, 2026 with semiannual repayment funded by development charges and taxation.

Status
PENDING
Document date
August 19, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Ontario Infrastructure and Lands Corporation (oilc)
Agency
Township of Springwater · Canada

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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
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
$11,970,448
Contract type
FINANCIAL_SERVICES
Contract term
25-year amortizing debenture, required date September 30, 2026
Renewal date
2051-09-30
Renewal
Debenture term is 25 years, with semiannual payments; future refinancing at maturity would require new agreements with OILC.
Document type
AgendaPacket
Source document
Township of Springwater AgendaPacket Special Meeting 2026-08-19

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Township of Springwater?

Ontario Infrastructure and Lands Corporation (oilc) was awarded this financial services contract by Township of Springwater, as recorded on August 19, 2026. The contract value is $11,970,448.

How much is the Ontario Infrastructure and Lands Corporation (oilc) contract with Township of Springwater worth?

The Ontario Infrastructure and Lands Corporation (oilc) contract with Township of Springwater is valued at $11,970,448, 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 Springwater AgendaPacket Special Meeting 2026-08-19 (AgendaPacket), dated August 19, 2026 from Township of Springwater. 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 Springwater currently buying?

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

View Township of Springwater's profile

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