Loan for infrastructure approved by council

Summary#

The municipal council unanimously adopted its direction in favor of the approval of By-law R-225 by the agglomeration council. The by-law would authorize a loan of $45,800,000 over 20 years to finance the Infrastructure Maintenance Capital Program. The municipal council also supports an amendment to the 2026-2035 Capital Program.

What this means for you#

The loan would be used to finance the maintenance of infrastructure. The specific infrastructures and locations are not specified. The reported decision is the direction of the municipal council; the document does not confirm that the agglomeration council subsequently adopted the by-law.

Costs#

The authorized loan would be $45,800,000, over a term of 20 years. The handling of taxes is not specified. No publicly available information.