Municipality of Sioux Lookout Agenda Regular Council Meeting 2026-04-15
OILC Debenture Approved for Street Infrastructure
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Description
The Municipality of Sioux Lookout Council authorized By-law No. 20-26 to secure a long-term debenture of $2,527,660 from Ontario Infrastructure and Lands Corporation for Front Street and Third Avenue infrastructure work. This borrowing will finance major municipal capital improvements through OILC.
Contract Details
Contract Amount
$2,527,660
Vendor
ONTARIO INFRASTRUCTURE & LANDS CORPORATION ("OILC")
Agency
Municipality of Sioux Lookout, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
April 15, 2026
Contract Term
Long-term debenture (term length not specified)
Renewal Info
Long-term debenture financing; repayment schedule and maturity date not specified in the agenda and renewals are typically not applicable.
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