Tuesday, December 20, 2011

KMTS Prosperity Trust Fund

The City of Kenora is lending itself 800 thousand dollars to help pay for

a municipal infrastructure project.

Council voted last night to borrow the money from the KMTS Prosperity Trust Fund
to cover the city's costs of installing the new submarine sewer and water line.

Councillor Ron Lunny says even though the water line was installed two years ago,
they still had to arrange long term funding for it.


Lunny adds he would also like council to borrow from the KMTS Prosperity Trust Fund for
a long-term debenture on the new fire hall on Barsky's Hill.