Loan of $18.5M for heritage

Summary#

The municipal council unanimously adopted a bylaw authorizing a loan of $18,500,000 to finance the restoration of municipal heritage buildings as part of the cultural development agreement of Montreal. The bylaw must be approved by the Minister of Municipal Affairs.

What this means for you#

The City will be able to finance restoration work on municipal heritage buildings. The buildings concerned and the planned work are not specified in the information provided.

No publicly available information.

Costs#

The bylaw authorizes a loan of $18,500,000. The repayment terms are not specified in the information provided.

No publicly available information.