Haldimand County Council Agenda April 13 2026
County Approves $28.6M Debenture with OILC
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Description
Haldimand County will borrow $28.64 million from Ontario Infrastructure and Lands Corporation through a 10-year debenture at 3.97% interest to fund several major facilities and wastewater projects. Council approval of the debenture by-law will secure the rate and provide project funding effective May 1, 2026.
Contract Details
Contract Amount
$28,638,100 principal; total borrowing cost estimated $34,613,537.25 over 10 years at 3.97%
Vendor
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION
Agency
Haldimand County, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
April 13, 2026
Contract Term
10-year debenture, closing May 1, 2026
Renewal Date
2036-05-01
Renewal Info
Single 10-year debenture with no stated renewal; annual principal and interest payments will be levied over the term.
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