Loan of $213M for municipal vehicles

Summary#

The municipal council unanimously adopted a direction in favor of the adoption, by the agglomeration council, of a bylaw authorizing a loan of $213,405,000. The loan would finance the acquisition and replacement of vehicles and mechanical and specialized equipment. The bylaw would be submitted for approval by the Minister of Municipal Affairs.

The file concerns the agglomeration of Montreal. The services or territories specifically affected: No publicly available information.

What this means for you#

The municipal council has indicated the position it wishes to see defended at the agglomeration council. The decision does not specify which vehicles or equipment would be purchased or replaced. No publicly available information.

Costs#

The amount of the planned loan is $213,405,000. The interest rate and repayment terms are not specified: No publicly available information.