Municipality of Sioux Lookout Regular Council Meeting Agenda 2026-05-20
OILC Debenture Approved for Street Works
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Description
Council approved By-law No. 20-26 to issue long-term debentures totaling $2,527,660 to Ontario Infrastructure and Lands Corporation (OILC). The borrowing will finance capital work on Front Street and Third Avenue.
Contract Details
Contract Amount
Principal of $2,527,660
Vendor
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION ("OILC")
Agency
Municipality of Sioux Lookout, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 20, 2026
Contract Term
Long-term debenture; specific amortization schedule not stated
Renewal Info
Long-term debt financing agreement; repayment over an unstated term, with no renewal provisions described.
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