The municipal council received a notice of motion from Julien Hénault-Ratelle and the submission of a draft bylaw. The draft will be submitted to a later assembly for adoption. It would authorize a loan of $951,000,000 to finance works planned under the secondary water and sewer network renewal program. The document does not specify the locations concerned.
The draft bylaw has not yet been adopted. If it is, it will authorize the City to borrow for these works. No publicly available information.
The amount of the proposed loan is $951,000,000. The document does not specify the interest, repayment terms, or whether the amount includes taxes.