Township of Ramara Staff Report #BD-01-26 Adopting an Administrative Monetary Penalty System
Ramara Seeks OILC Debenture Financing Approval
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Description
Council is considering a bylaw to authorize an application to the Ontario Infrastructure and Lands Corporation for debenture financing of municipal capital works. The bylaw would permit long-term borrowing through OILC, with specific project amounts defined in financing documents.
Contract Details
Vendor
ONTARIO INFRASTRUCTURE & LANDS CORPORATION ("OILC")
Agency
Township of Ramara, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Renewal Info
Debenture agreements will follow OILC’s standard long-term financing terms; renewals or refinancing would occur at maturity as per future Council decisions.
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