Township financed by OILC long-term debenture
Township of Algonquin HighlandsCity · Algonquin Highlands, ON- Disclosed value
- $4,400,000 (debenture principal) plus interest at 4.32% per annum
- From agenda
- Document date
- Aug 13, 2026
- Renews
- Free account
The 30-second brief
Algonquin Highlands has an outstanding $4.4 million debenture with Ontario Infrastructure and Lands Corporation, repayable through monthly instalments of $27,411 including 4.32% annual interest. The long-term financing, maturing December 1, 2045, supports municipal capital investments.
Ontario Infrastructure and Lands Corporation holds this financial services contract with Township of Algonquin Highlands. Its other public contracts on record include work for City of North Bay and Township of Black River-Matheson.
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Contract details
- Contract type
- Financial Services
- Amount
- $4,400,000 (debenture principal) plus interest at 4.32% per annum
- Document date
- August 13, 2026
- Term
- Monthly instalments of $27,411 including interest, due December 1, 2045
- Renews
- On record
- Source document
- Township of Algonquin Highlands Agenda 2026-08-13 (Agenda)
Ontario Infrastructure and Lands Corporation's other public contracts
More Township of Algonquin Highlands contracts
Questions about this contract
Who was awarded the financial services contract by Township of Algonquin Highlands?
Ontario Infrastructure and Lands Corporation was awarded this financial services contract by Township of Algonquin Highlands, as recorded on August 13, 2026. The contract value is $4,400,000 (debenture principal) plus interest at 4.32% per annum.
How much is the Ontario Infrastructure and Lands Corporation contract with Township of Algonquin Highlands worth?
The Ontario Infrastructure and Lands Corporation contract with Township of Algonquin Highlands is valued at $4,400,000 (debenture principal) plus interest at 4.32% per annum, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Township of Algonquin Highlands Agenda 2026-08-13 (Agenda), dated August 13, 2026 from Township of Algonquin Highlands. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Ontario Infrastructure and Lands Corporation hold?
Ontario Infrastructure and Lands Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Township of Algonquin Highlands currently buying?
Explore Township of Algonquin Highlands's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.