Town of Grimsby Special Council Agenda Packet 2026-06-02
Niagara Power Maintains $5.78M Note to Town
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Description
Niagara Power Incorporated continues to carry a $5.78 million promissory note payable to the Town of Grimsby at 3.49% interest, maturing in February 2027. The note provides long-term financing support to the utility.
Contract Details
Contract Amount
$5,782,746
Vendor
TOWN OF GRIMSBY
Agency
Town of Grimsby, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2026
Contract Term
Promissory note bearing interest at 3.49% per annum, due February 2027
Renewal Date
2027-02-28
Renewal Info
Promissory note matures in February 2027; renewal or refinancing terms are not specified.
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