Municipal loan for sports facilities

Summary#

The municipal council unanimously adopted a bylaw authorizing a loan of $177,837,000 to finance the construction, renovation, and improvement of sports and aquatic facilities. The bylaw must be approved by the Minister of Municipal Affairs.

What this means for you#

The City will be able to borrow to finance these works, subject to ministerial approval. The facilities concerned and their location are not specified in the information provided. No publicly available information.

Costs#

The bylaw authorizes a loan of $177,837,000. The terms of financing, payment, and repayment are not specified in the information provided. No publicly available information.