Residents

Add a Notice  |  View Notices

Request for Proposals from Financial Institutions for Local Improvement Borrowing

Posted: 2018-02-21


RURAL MUNICIPALITY OF ST. ANDREWS

REQUEST FOR PROPOSALS

FROM FINANCIAL INSTITUTIONS

FOR LOCAL IMPROVEMENT BORROWING

The R.M. of St. Andrews is requesting proposals from financial institutions to provide a 20 year fixed rate term loan to fund the construction and completion of our Phase 2 Local Improvement Service Area Regional Wastewater Collection System.

Under the authority of The Municipal Board of Manitoba Decision and Order dated December 15, 2017 and R.M. of St. Andrews By-Law No. 4286, the municipality seeks to secure financing for this project through the borrowing of up to the amount of $7,315,889 debentured over a term of 20 years at a fixed rate of interest.

Each proposal must include a response to each item listed in the RFP Selection Criteria.  Preference will be given to the financial institution that best provides the combined borrowing terms, flexibility and financial service needs to the municipality and our residents.

To view the RFP Selection Criteria, please click on the following link:

The R.M. of St. Andrews reserves the right to select the proposal it deems to be the best overall borrowing proposal.  Deadline for submissions is Friday, March 23, 2018 at 4:00 p.m.

Proposals are to be submitted in person, by mail or by e-mail to:

Andrew Weremy, P. Eng.
Chief Administrative Officer
Rural Municipality of St. Andrews
Box 130, 500 Railway Avenue
Clandeboye, Manitoba  R0C 0P0
Phone:  (204) 738-2264
E-mail:  andrew@rmofstandrews.com