Municipality of Chatham-Kent Minutes Chatham-Kent Council Meeting 2026-04-27
OILC Debenture Financing Approved for Waste-to-Energy
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Description
Chatham-Kent Council authorized an application to Ontario Infrastructure and Lands Corporation for $25 million in debenture financing over 15 years to support capital works for the Waste to Energy Project. The by-law also permits temporary borrowing for related expenditures.
Contract Details
Contract Amount
$25 million debenture amortized over 15 years
Vendor
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION ("OILC")
Agency
Municipality of Chatham-Kent, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Contract Term
15 years
Renewal Date
2041-12-31
Renewal Info
Financing structure set as a 15-year debenture; renewal or refinancing terms beyond this amortization period are not specified.
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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
Municipality of Chatham-Kent Minutes Chatham-Kent Council Meeting 2026-04-27
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