Municipality of Chatham-Kent Minutes Chatham-Kent Council Meeting 2026-04-27
Council Approves $25M OILC Debenture Financing
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Description
Chatham-Kent Council authorized an application to Ontario Infrastructure and Lands Corporation to finance $25 million in capital works through a 15-year debenture. The borrowing will support the Waste to Energy Project and related infrastructure investments.
Contract Details
Contract Amount
$25,000,000 (debenture, amortized over 15 years)
Vendor
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION
Agency
Municipality of Chatham-Kent, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Contract Term
15 years (debenture amortization)
Renewal Date
2041-12-31
Renewal Info
Debenture authorized for a fixed 15-year term; no renewal terms noted.
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Municipality of Chatham-Kent Minutes Chatham-Kent Council Meeting 2026-04-27
Municipality of Chatham-Kent Minutes Chatham-Kent Council Meeting 2026-04-27
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