Township of North Stormont Agenda Packet 2026-05-26
Township issues new BMO debenture financing
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Description
The Township issued a new 4.88% debenture with BMO in 2025 totaling $1,386,155, repayable in blended monthly payments through August 2035. The financing supports capital investments while spreading repayment over a ten-year term.
Contract Details
Contract Amount
$1,386,155
Vendor
BMO
Agency
Township of North Stormont, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Contract Term
Matures August 2035
Renewal Date
2035-08-31
Renewal Info
Fixed-term debenture loan with no renewal provisions described; debt retires at maturity in August 2035.
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