$200 Million Of City Debt To Be Issued

This is a release from the City of Ottawa:

In accordance with Section 81(1)(e) of Procedure By-law No. 2022-410, the Chair of the Debenture Committee has called a Meeting for Thursday, November 30 at 3:30 pm.   The meeting is to approve a by-law in order to authorize the issuance of debentures for debt financing of projects previously approved by Council, and to approve the Debenture Committee’s Terms of Reference.

This meeting will be held both in-person in the Honeywell Room on the second floor of Ottawa City Hall, and streamed live on YouTube For more information, please consult ottawa.ca/agendas.

Agenda Debenture




Toronto Beats Ottawa Again: PATTON

Lying Not Normal Process At City Hall: WHOPPER WATCH

So We Should Trust City Planning? WHOPPER WATCH


advertise.in .your .bulldog


Don’t miss our regular features
Everything Ottawa      Full Local     Bulldog Canadian
Opinion    Comments    Breaking News    Auto
Ontario   World    Get Cheap Gas   Big Money
Pop Gossip   Your Home    Relax …   Tech
Bulldog Weather    Full Local Sports
TV/Movies   Travel
Page 2   Page 3   Page 4   Page 5   Page 6


Other features:    Full Bulldog Index    Return to Bulldog Home

3 Responses

  1. John Langstone says:

    Step 1 in the Lansdowne 2.1 implementation? At today’s interest rates, probably in excess of $13 million/year to service the debt over 40 years. But who’s counting?

  2. Bruce says:

    Has the tax INCREASE been set yet? If so it is NOT based on fact since this debt should be a part of it and if not, the servicing cost of this debt alone will add a point or two. How much do you as citizens of Ottawa like Landsdowne II now? and are you happy with your LRT, landfill projected costs etc.?

  3. Ron Benn says:

    What we don’t know, but should, is how much of this $200 million in debentures is fresh debt and how much of it is replacing previous debentures that are reaching their maturity date. The latter category will likely be at higher interest rates than the debentures that are being replaced.

Leave a Reply

Your email address will not be published. Required fields are marked *


Paid Content

Home   Full Bulldog Index