Wednesday, March 14, 2012
City Funds Debenture for Harborfront Tent
The city has also received 800 thousand dollars from the Northern Ontario Heritage Fund,
50 thousand from the Kenora BIZ and a five thousand dollar donation from a local businessman for the tent.
Councillor Ron Lunny says at three percent a year, the city is making good money on the loan, and paying itself at the same time, so its a win/win situation.
He adds this is the last major debenture the city will have to take out, after previously financing the new fire hall and the Discovery Center.