The Nation Municipality Council Meeting Agenda Packet February 2023
Desjardins Ontario to Finance Limoges Water Works
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Description
Council approved a long-term borrowing arrangement of up to $12,822,116 with Desjardins Ontario to finance the Limoges water works project. The financing is structured at 4.86% with a recommended 300‑month term and 60‑month amortization.
Contract Details
Contract Amount
$12,822,116.00
Vendor
DESJARDINS ONTARIO
Agency
The Nation Municipality, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
February 27, 2023
Contract Term
300-month term with 60-month amortization at 4.86% (water works loan)
Renewal Info
Loan structure allows additional annual repayments; renewal or refinancing terms beyond the 60-month amortization step are not detailed.
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