Municipality of Kincardine Council Agenda May 13 2026
OILC Debenture Approved for Aerial Fire Truck
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Description
Kincardine Council is set to approve a Debenture By-law to issue a $1.32 million, 10‑year debenture through Ontario Infrastructure and Lands Corporation at 4% interest to finance the purchase of an aerial fire truck. The Rate Offer Letter was executed by the Mayor and Treasurer on May 4, 2026.
Contract Details
Contract Amount
$1,320,000 debenture with 4% interest over 10 years
Vendor
ONTARIO INFRASTRUCTURE & LANDS CORPORATION
Agency
Municipality of Kincardine, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
Contract Term
10-year fixed term starting from May 4, 2026 rate offer execution
Renewal Date
2036-05-04
Renewal Info
Standard fixed-term debenture with a 10‑year repayment schedule; no renewal or extension terms mentioned.
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