Tuesday, February 15, 2011

Council Unwilling to float loan for Paterson Medical Clinic

Kenora city council says its not willing to be the banker for the Paterson Medical Clinic.

The clinic owes the city about 6.8 million dollars for the renovation and expansion of the
medical facility on Tunnel Island.

Councillor Ron Lunny says they want the Kenora Medical Clinic to seek an outside financial
institution to pay the loan off to the city.

Councillor Louis Roussin says while he supports the resolution, he thinks the medical clinic
will find it difficult to find any financial institution which would be willing to foot the entire
loan amount.