Corporation of the Town of Ingersoll AgendaPacket Special Meeting of Council 2026-06-16
Ingersoll Approves $18.75M OILC Financing for Recreation Centre
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Description
The Town of Ingersoll Council approved By-Law 26-5471, authorizing the submission of a financing application to Ontario Infrastructure and Lands Corporation (OILC) for up to $18,758,000 in debenture funding toward the Multi Use Recreational Centre. This enables temporary and long-term borrowing arrangements for the project.
Contract Details
Contract Amount
$18,758,000 (maximum debenture amount)
Vendor
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION OILC
Agency
Town of Ingersoll, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
June 16, 2026
Renewal Info
Term and renewal subject to debenture structure defined by OILC and the County of Oxford; no automatic renewal indicated.
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