Municipality of Sioux Lookout Report Infrastructure Ontario (IO) Financing for Bigwood Service Extension Project 2026-06-17
Bigwood Service Extension Project Secures OILC Debenture
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Description
Municipality of Sioux Lookout authorized a 25-year, $1.7 million debenture with Ontario Infrastructure and Lands Corporation at 4.61% fixed interest for the Bigwood Service Extension Project. The financing arrangement allows early repayment without penalties.
Contract Details
Contract Amount
$1,702,000.00
Vendor
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION
Agency
Municipality of Sioux Lookout, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
June 17, 2026
Contract Term
25 years (fixed at 4.61% interest)
Renewal Date
2051-06-17
Renewal Info
No renewal scheduled; debenture repayable at any time without penalty.
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