Lanark Highlands Council AgendaPacket 2026-05-26
Council seeks OILC financing for new fire trucks
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Description
Lanark Highlands Council authorized a 10-year, 4.19% Infrastructure Ontario financing application through OILC to acquire fire trucks, alongside separate bridge financing. By-law 2026-2037 enables the Township to submit the application and issue debentures once approved.
Contract Details
Vendor
ONTARIO INFRASTRUCTURE & LANDS CORPORATION ("OILC")
Agency
Township of Lanark Highlands, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Contract Term
10 years at 4.19% fixed for fire trucks (planned)
Renewal Date
2036-05-26
Renewal Info
Single 10-year debenture anticipated; may be refinanced at maturity if required.
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