The Nation Municipality Council Meeting Agenda Packet February 2023
Desjardins Ontario Loan Approved for Limoges Sewage Works
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Description
The Nation Municipality approved up to $10,321,582 in long-term financing with Desjardins Ontario for Limoges sewage works upgrades. The loan is set at 4.86% with a recommended 300‑month term and 60‑month amortization, matching the water works financing structure.
Contract Details
Contract Amount
$10,321,582.00
Vendor
DESJARDINS ONTARIO
Agency
The Nation Municipality, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
February 27, 2023
Contract Term
300-month term with 60-month amortization at 4.86% (sewage works loan)
Renewal Info
Loan features allow additional annual payments; overall renewal terms or maturity not fully detailed.
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