Saskatchewan Tenders #FIN-02-26

Borrowing Services for Crescent View Headworks Facility Construction

The City of Moose Jaw, Saskatchewan, is seeking proposals from qualified Canadian financial institutions or credit unions to provide long-term borrowing services for the construction and upgrades of the Crescent View Headworks Facility. - Government Buyer: - City of Moose Jaw, Saskatchewan - Scope of Procurement: - Up to $30,000,000 CAD in long-term financing for municipal infrastructure - 15-year amortization period, with funds drawn between 2026 and 2028 - Financing structures may include: - Fixed-rate loans - CORRA-based loans - Debenture or private placement issuances - Interest-rate risk management instruments - Proposal Requirements: - Detailed disclosure of interest rates, compounding and repayment frequency, fees, and prepayment terms - Comprehensive amortization schedule - All necessary documentation for establishing, executing, and administering the financing - Annual reporting and fee schedules - Eligibility & Compliance: - Only Canadian financial institutions or credit unions authorized to operate in Canada may apply (proof required) - Must comply with The Municipalities Act (Saskatchewan), Saskatchewan Municipal Board requirements, and all relevant federal/provincial financial regulations - Professional liability insurance of at least $5,000,000 per occurrence is mandatory - Unique/Notable Requirements: - Flexible financing structures considered - Emphasis on transparency of financial terms and proponent qualifications - No specific OEMs or product vendors are named, as this is a financial services procurement

Description

The City of Moose Jaw is seeking proposals from qualified financial firms to provide borrowing services to support the construction of the Crescent View Headworks Facility. The contract involves long-term financing up to $30 million, with a 15-year amortization period, and may include fixed-rate or CORRA-based loans, debentures, or private placements. Proposals must detail interest rates, fees, prepayment terms, and comply with relevant municipal and financial regulations. The closing date for submissions is April 8, 2026.

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