FINANCIAL_SERVICESAPPROVED

City of Elliot Lake AgendaPacket Regular Meeting 2026-05-25

NOHFC to fund Rogers Arena renovation project

Up to $2,000,000 or Project Percentage of Eligible Project Costs (whichever is less)City of Elliot LakeNORTHERN ONTARIO HERITAGE FUND CORPORATIONMay 25, 2026

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Description

Elliot Lake Council approved a conditional contribution agreement with the Northern Ontario Heritage Fund Corporation for up to $2 million toward renovations and repairs at Rogers Arena. The funding reimburses a percentage of eligible costs under strict reporting and asset‑use conditions over the multi‑year project term.

Contract Details

Contract Amount

Up to $2,000,000 or Project Percentage of Eligible Project Costs (whichever is less)

Vendor

NORTHERN ONTARIO HERITAGE FUND CORPORATION

Agency

City of Elliot Lake, Canada

Contract Type

FINANCIAL_SERVICES

Document Date

May 25, 2026

Contract Term

Term commences Effective Date (May 25, 2026) and expires no later than five years after Effective Date; project completion date specified in Schedule A; clawback and monitoring for three years after project completion

Renewal Info

Contribution agreement includes a multi‑year term with monitoring up to three years post‑completion and no automatic renewal; any further funding would require new NOHFC approval.

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