3944 To authorize the submission of an application to Ontario Infrastructure and Lands Corporation (OILC) for financing certain ongoing captial works for the Town of TillsonburgTHE CORPORATION OF THE TOWN OF TILLSONBURG
BY-LAW NUMBER 3944
A BY-LAW TO AUTHORIZE THE SUBMISSION OF AN
APPLICATION TO ONTARIO INFRASTRUCTURE AND LANDS
CORPORATION ("OILC") FOR FINANCING CERTAIN
ONGOING CAPITAL WORKS OF THE CORPORATION OF THE
TOWN OF TILLSONBURG, ("THE "LOWER-TIER
MUNICIPALITY"); TO AUTHORIZE TEMPORARY
BORROWING FROM OILC TO MEET EXPENDITURES IN
CONNECTION WITH SUCH WORKS; AND TO AUTHORIZE
LONG TERM BORROWING FOR SUCH WORKS THROUGH
THE ISSUE OF DEBENTURES BY THE COUNTY OF OXFORD
("THE "UPPER-TIER MUNICIPALITY'') TO OILC
WHEREAS the Municipal Act, 2001 (Ontario), as amended, (the "Act") provides
that a municipal power shall be exercised by by-law unless the municipality is specifically
authorized to do otherwise;
AND WHEREAS the Council of the Lower-tier Municipality has passed the by-
law(s) enumerated in column (1) of Schedule "A" attached hereto and forming part of this By-
law ("Schedule "A") authorizing the capital work(s) described in column (2) of Schedule "A"
(individually a "Capital Work'', collectively the "Capital Works", as the case may be) in the
amount of the respective estimated expenditure set out in column (3) of Schedule "A", subject in
each case to approval by OlLC of the financing for such Capital Work(s) that will be requested
by the Lower-tier Municipality in the Application as hereinafter defined;
AND WHEREAS before the Council of the Lower-tier Municipality approved the
Capital Work(s) in accordance with section 4 of Ontario Regulation 403/02 (the "Regulation"),
the Council of the Lower-tier Municipality had its Treasurer calculate an updated limit in respect
of its then most recent anuual debt and financial obligation limit received from the Ministry of
Municipal Affairs and Housing (as so updated, the "Updated Limit"), and, on the basis of the
authorized estimated expenditure for the Capital Work or each Capital Work, as the case may be,
as set out in column (3) of Schedule "A" (the "Authorized Expenditure" for any such Capital
Work), the Treasurer calculated the estimated anuual amount payable in respect of the Capital
Work or each Capital Work, as the case may be, and determined that the estimated anuual
amount payable in respect of the Capital Work or each Capital Work, as the case may be, did
not cause the Lower-tier Municipality to exceed the Updated Limit, and accordingly the approval
of the Ontario Municipal Board pursuant to the Regulation, was not required before any such
Capital Work was authorized by the Council of the Lower-tier Municipality;
AND WHEREAS subsection 405(1) of the Act provides, amongst other things,
that a municipality may authorize temporary borrowing to meet expenditures made in connection
with a work to be financed in whole or in part by the issue of debentures if; the municipality is a
lower-tier municipality in a regional municipality and it has approved the work and the upper-tier
municipality has approved the issue of debentures for the work;
AND WHEREAS subsection 401(1) of the Act provides that a municipality may
incur a debt for municipal purposes, whether by borrowing money or in any other way, and may
issue debentures and prescribed fmancial instruments and enter prescribed financial agreements
for or in relation to the debt;
AND WHEREAS subsection 401(3) of the Act provides that a lower-tier
municipality in a regional municipality does not have the power to issue debentures and
accordingly the Lower-tier Municipality intends that the Upper-tier Municipality will issue
debentures in respect of the Capital Work(s) and will request that the Upper-tier Municipality do
so;
AND WHEREAS subsection 403(1) of the Act provides that a by-law of an
upper-tier municipality authorizing the issuing of debentures for the purposes or joint purposes
of one or more of its lower-tier municipalities may require those lower-tier municipalities to
make payments in each year to the upper-tier municipality in the amounts and on the dates
specified in the by -law;
AND WHEREAS the Act also provides that a municipality shall authorize long
term borrowing by the issue of debentures or through another municipality under section 403 or
404 of the Act and subsection 403(7) of the Act provides that all debentures issued under a by-
law passed by an upper-tier municipality under section 403 are direct, joint and several
obligations of the upper-tier municipality and its lower-tier municipalities;
AND WHEREAS OlLC has invited Ontario municipalities desirous of obtaining
temporary and long term debt financing in order to meet capital expenditures incurred on or after
January 1, 2004 in connection with eligible capital works to make application to OILC for such
financing by completing and submitting an application in the form provided by OILC;
AND WHEREAS the Lower-tier Municipality requested the Upper-tier
Municipality to issue debentures for the Capital Work(s) and in this connection the Upper-tier
Municipality and the Lower-tier Municipality completed and submitted an application to OILC
(the "Application") to request financing for the Capital Work(s) by way of long term borrowing
pursuant to section 403 of the Act through the issue of debentures by the Upper-tier Municipality
to OlLC and by way of temporary borrowing by the Lower-tier from OILC pending the issue of
such debentures;
AND WHEREAS OILC has accepted and has approved the Application;
AND WHEREAS the Upper-tier Municipality has approved the issue of
debentures for the Capital Work(s) to OlLC in the maximum aggregate principal amount of
$1,146,000 (the "Debentures"); and OILC has indicated that pending the issue of the
Debentures it will provide fmancing by way of temporary advances to the Lower-tier
Municipality in respect of the Capital Work(s);
AND WHEREAS the Lower-tier Municipality will enter into a financing
agreement with OILC pursuant to the terms of which OILC will provide temporary advances to
the Lower-tier Municipality in respect of the Capital Work(s);
NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE
TOWN OF TILLSONBURG ENACTS AS FOLLOWS:
1. The Council of the Lower-tier Municipality hereby confirms, ratifies and approves the
execution by the Treasurer of the Application and the submission by such authorized
official of the Application, duly executed by such authorized official, to OILC, in
cooperation with the Upper-tier Municipality, for the financing of the Capital Work(s) by
way of temporary borrowing from OILC, pending the issue of the Debentures, in the
maximum aggregate principal amount of $1,146,000 substantially in the form of
Schedule "B" hereto and forming part of this By-law, with such changes thereon as such
authorized official may hereafter approve, such execution and delivery to be conclusive
evidence of such approval.
2. The Mayor and the Clerk are hereby authorized to negotiate and enter into, execute and
deliver for and on behalf of the Lower-tier Municipality a financing agreement (a
"Financing Agreement") with OILC that provides for temporary borrowing from OILC
in respect of the Capital Work(s) on such terms and conditions as such authorized
officials may approve, such execution and delivery to be conclusive evidence of such
approval.
3. The Treasurer is hereby authorized, pending the substantial completion of the Capital
Work or of each Capital Work, as the case may be, or as otherwise agreed with OILC, to
make temporary borrowings pursuant to section 405 of the Act in respect of the Capital
Work or of each Capital Work, as the case may be, on the terms and conditions provided
in the Financing Agreement and on such other terms and conditions as such authorized
officials may agree, and to sign such evidence of indebtedness as OILC may require (the
"Note'') and to deliver the Note to OILC, such execution and delivery to be conclusive
evidence of such agreement; and the Treasurer is authorized to sign such certifications as
OILC may require in connection with such borrowings in respect of the Capital Work(s);
provided that the amount of borrowings allocated to the Capital Work or to each Capital
Work, as the case may be, does not exceed the Authorized Expenditure for such Capital
Work and does not exceed the related loan amount set out in column (4) of Schedule "A"
in respect of such Capital Work.
4. In accordance with the provisions of section 25 of the Ontario Infrastructure and Lands
Corporation Act, 2011, as amended from time to time hereafter, as security for the
payment by the Lower-tier Municipality of the indebtedness of the Lower-tier
Municipality to OILC under the Note, and as security for the payment by the Lower-tier
Municipality of any indebtedness of the Lower-tier Municipality to the Upper-tier
Municipality in respect of the Debentures issued for any Capital Work (the
"Obtigations"), the Lower-tier Municipality is hereby authorized to agree in writing with
OILC that the Minister of Finance is entitled, without notice to the Lower-tier
Municipality, to deduct from money appropriated by the Legislative Assembly of Ontario
for payment to the Lower-tier Municipality, amounts not exceeding the amounts that the
Lower-tier Municipality fails to pay to OILC on account of the Obligations and to pay
such amounts to OILC from the Consolidated Revenue Fund.
5. For the purposes of meeting the Obligations, the Lower-tier Municipality shall provide
for raising in each year as part of the general lower-tier levy the amounts of principal and
interest payable in each year under the Note and/or any outstanding Debenture, to the
extent that the amounts have not been provided for by any other available source
including other taxes or fees or charges im.posed on persons or property by a by-law of
any municipality.
6. (a) The Mayor and Clerk are hereby authorized to execute and deliver the Note, the
Mayor and Clerk are hereby authorized to enter into, execute and deliver the
Financing Agreement, one or more of Mayor and Clerk are hereby authorized to
generally do all things and to execute all other documents and papers in the name
of the Lower-tier Municipality in order to perform the Obligations of the Lower-
tier Municipality under the Financing Agreement and to execute and deliver the
Note, and the Clerk is authorized to affix the Lower-tier Municipality's
municipal seal to any such documents and papers.
(b) The money realized in respect of the Note and the Debentures, including any
premium, and any earnings derived from the investment of that money after
providing for the expenses related to the execution and delivery of the Note and to
the issue of the Debentures by the Upper-tier Municipality, if any, shall be
apportioned and applied to the respective Capital Work and to no other purpose
except as permitted by the Act.
7. This By-law takes effect on the day of passing.
ENACTED AND PASSED this 14th day of September, A.D. 2015.
~
MAYOR -Stephen Molnar CLERK -Donna Wilson
Schedule "A"
to By-Law Number 3944
(Ongoing Capital Work(s))
(1) (2) (3) (4)
DI-Law Number/ DescrlJ!tion of CaJ!ital Work Estimated 12!!!!
CaJ!ital Work ExJ!enditnre Amount
Number
3905 330 Underslung Plow Truck-062 $235,000 $235,000
FL 70 Truck-072 $230,000 $230,000
F350 Pickup Truck $60,000 $33,000
D3500 Pickup Truck -046 $60,000 $33,000
Trottier Subdivision Phase 1
Reconstruction-Stage 3 Road and
Storm $400,000 $400,000
Roof repairs (Seniors Centre,
Auditorium) $205,000 $155,000 Roof repairs-Elliott Fairbairn ~60,000 $60,000
$1,250,000 $1,146,000
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
Application ID: 15051 Program Year: 2015/2016
Application Submit Date: Aug-21-2015
A. GENERAL INFORMATION-Borrowing Municipality
Name: The County of Oxford ID: 32000
Address: P.O. Box 1614 City: Woodstock
21 Reeve Street Postal Code: N4S3Y7
Name of Treasurer( or Lynn Buchner Title: Treasurer
equivalent):
Telephone Number: 519.539.9800 X 3007 Fax No.: 519.421.4713
Email: lbuch ner@oxfordcounty .ca
GENERAL INFORMATION -Lower Tier Municipality
Name: Tillsonburg T ID: 32004
Address: 200 Broadway City: Tillson burg
Postal Code N4G 5A7
Name of Treasurer( or Darrell Eddington Title: Director of Finance
equivalent):
Telephone Number: 519.842.6428 x3251 Fax No.: 519.842.9431
Email: deddington@tillsonburg.ca
B. CONTACT INFORMATION
Questions regarding the information contained in the application form should be addressed to:
Name: Lynn Buchner
Telephone: 519.539.9800 x3007
Email: lbuchner@oxfordcounty.ca
Title: Treasurer
Fax No.: 519.421.4713
C. PROJECT SUMMARY INFORMATION
Ng. Project Name
1 Trottier Subdivision Phase 1
Reconstruction
2 Roof-Seniors Centre Auditorium
Cateaory Im.t
Municipal Roads
Infrastructure
Recreation Infrastructure Other
Recreation
Infrastructure
Loan Amount
$400,000.00
$155,000.00
Page 1 of 27
3
4
5
6
7
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
Project
Roof-Elliott Fairbairn Centre Recreation Infrastructure Other
Recreation
Infrastructure
Project
330 Underslung Plow Truck -062 Municipal Other Others
Infrastructure
FL70 Truck-072 Municipal Other Others
Infrastructure
F350 Pickup Truck-040 Municipal Other Others
Infrastructure
D3500 Pickup Truck-046 Municipal Other Others
Infrastructure
Total Loan Amount
$60,000.00
$235,000.00
$230,000.00
$33,000.00
$33,000.00
$1 '146,000.00
Page 2 of27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
Project Details • Municipal Roads Infrastructure
Project Name
Category
Construction Start Date
Construction End Date
Trottier Subdivision Phase 1 Reconstruction
Municipal Roads Infrastructure
May-01-2015
Aug-31-2015
Please indicate below if any aspect of the project pertains to:
Energy Conservation: DYes 0No
The Municipal Eco Challenge Fund (MECF) is a three year, $20 million grant and $200 million loan initiative to
help municipalities reduce Green House Gas (GHG) emissions from their infrastructure.
Please indicate whether the loan is for a project that will reduce energy consumption or GHG emissions from a
municipally-owned facility (building, arena, etc.).
DYes 0No
Is this project also being considered for an MECF grant?
DYes 0No
Please provide :
An estimate of the reduction in energy consumption or GHG emissions as a result of the project
or
A short description of the energy conservation benefits.
Address of me proJect:
Type of work (e.g. new construction, renovation of existing
facilities, nedevelopmen~ deferred maintenance, etc.):
Description of the project
... . ..
I
I remer ;:>uootvtsion -Town of
Tillson burg
!redevelopment I
reconstruction of road in conjunction with storm water sewer reconstruction
Additional comments:
Page 3 of27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
-.,. .. .. --lou I What is the life span of the project in years r 11.e. me pnys1ca1 asset)
Please identify your Ministry contact (If applicable)
Ministry:
Contact Name:
Contact Phone:
Page 4 of 27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
Project Information
Project Name
Category
Trottier Subdivision Phase 1 Reconstruction
Municipal Roads Infrastructure
Project Cost (A) $400,000.00
Project Funding/Financing
list existing and expected Funding/Financing sources for the project (eg. Reserves, other cash on hand,
approved grants, etc.).
Source/Descriotion Timing
Total Amount (B)
OILC Loan Amount (A-B)
Amount
$0.00
$400,000.00
Please enter your tong-term borrowing requirements including the estimated date the funds are required.
Only include long-term borrowing in this section. If you anticipate that you Will require short-term financing
during the construction phase of the project, the information will be gathered as part of the Financing
Agreement.
Estimated Date Reauif!d
Dec-15-2015
Total Long-Tenn Financing
Amount
$400,000.00
$400,000.00
Tenn lin years\
20
Im!
Serial
Page 5 of 27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
Project Details -Recreation Infrastructure
Project Name
Categol}'
Construction Start Date
Construction End Date
Roof-Seniors Centre Auditorium
Recreation Infrastructure
Aug-04-2015
Nov-30-2015
Please indicate the type of infrastructure project Please select only one.
D Municipal Indoor and Outdoor Capital infrastructure
D Public Parks and Public Trails
1t1 Other Recreation Infrastructure Project
'Seniors' Centre facility updates I
Please indicate below if any aspect of the project pertains to:
Energy Conservation: DYes ltJNo
The Municipal Eco Challenge Fund (MECF) is a three year, $20 million grant and $200 million loan initiative to
help municipalities reduce Green House Gas (GHG) emissions from their infrastructure.
Please indicate whether the loan is for a project that will reduce energy consumption or GHG emissions from a
municipally-mvned facility (building, arena, etc.).
DYes ltJNo
Is this project also being considered for an MECF grant?
DYes ltJNo
Please provide :
An estimate of the reduction in energy consumption or GHG emissions as a result of the project.
or
A short description of the energy conservation benefits.
Address of me project:
Type of work (e.g. new construction, renovation of existing
facilities, redevelopment, deferred maintenance, etc.):
Description of the project:
·-• • & 140 Marcy Avenue, Tillsonburg I
'renovation of existing facility I
I roof maintenance I
Page 6 of 27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
Additional comments:
-.. .. .. .._ l1o I What is the life span of the project in yearsr (I.e. me pnys1ca1 asser1
Please identify your Ministry contact (If applicable)
Ministry:
Contact Name:
Contact Phone:
Page 7 of27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
Project Information
Project Name
Category
Roof-Seniors Centre Auditorium
Recreation Infrastructure
Project Cost (A) $205,000.00
Project Funding/Financing
List existing and expected Funding/Financing sources for the project (eg. Reserves, other cash on hand,
approved grants, etc.}.
SourceiDescrlptlon
Reserves
Tlmlna
Existing
Total Amount (B)
OILC Loan Amount (A-B)
Amount
$50,000.00
$50,000.00
$155,000.00
Please enter your long-term borrowing requirements including the estimated date the funds are required.
Only include long-term borrowing in this section. If you anticipate that you will require short-term financing
during the construction phase of the project, the information will be gathered as part of the Financing
Agreement
Estimated Data Required
Dec-15-2015
Total Long-Tenn Financing
Amount
$155,000.00
$155,000.00
Tann lin yearsl
10
!xl!!.
Serial
Page 8 of 27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
Project Details -Recreation Infrastructure
Project Name
Category
Construction Start Date
Construction End Date
Roof-Elliott Fairbairn Centre
Recreation Infrastructure
Aug-04-2015
Nov-30-2015
Please indicate the type of infrastructure project. Please select only one.
D Municipal Indoor and Outdoor Capital infrastructure
D Public Parks and Public Trails
0 Other Recreation Infrastructure Project
'Community recreational cen~ -I
Please indicate below if any aspect of the project pertains to:
Energy Conservation: DYes 0No
The Municipal Eco Challenge Fund (MECF) is a three year, $20 million grant and $200 million loan initiative to
help municipalities reduce Green House Gas (GHG) emissions from their infrastructure.
Please indicate whether the loan is for a project that will reduce energy consumption or GHG emissions from a
municipally-owned facility (building, arena, etc.).
DYes 0No
Is this project also being considered for an MECF grant?
DYes 0No
Please provide :
An estimate of the reduction in energy consumption or GHG emissions as a result of the project.
--------------------
or
A short description of the energy conservation benefits.
" -~--· !!' t:ane ;:,rreet, J Address of me proJect:
Type of work (e.g. new construction, renovation of existing
fiacilities, redevelopment, deferred maintenance, etc.):
Description of the project:
l'lllsonburg
'renovation of existingtacility I
I roof repair/replacement I
Page 9 of27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
Additional comments:
What is the life span of the project in years·f (I.e. tne physical asset)
Please identify your Ministry contact (If applicable)
Ministry:
Contact Name:
Contact Phone:
11o I
Page 10 of 27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
Project Information
Project Name
Category
Project Cost (A)
Roof-Elliott Fairbairn Centre
Recreation Infrastructure
Project Funding/Financing
$60,000.00
List existing and expected Funding/Financing sources for the project (eg. Reserves, other cash on hand,
approved grants, etc.).
Source/Description Timing
Total Amount (B)
OILC Loan Amount (A-B)
Amount
$0.00
$60,000.00
Please enter your long-term borrowing requirements induding the estimated date the funds are required.
Only include long-term borrowing in this section. If you anticipate that you will require short-term financing
during the construction phase of the project, the information will be gathered as part of the Financing
Agreement
Estimate!! Date Reauirad
Dec-15-2015
Total Long-Term Financing
Amount
$60,000.00
$60,000.00
Term fin years!
10
!lm!t
Serial
Page 11 of 27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
Project Details -Municipal Other Infrastructure
Project Name
Category
Construction Start Data
Construction End Data
330 Underslung Plow Truck-062
Municipal Other Infrastructure
Apr-01-2015
Dec-01-2015
Please indicate the type of infrastructure project. Please select only one.
DFire
DPolice
DAmbulance
D Administration ·
00thers
'Fleet-roads winter control plow truck I
Please indicate below if any aspect of the project pertains to:
Energy Conservation: DYes 0No
The Municipal Eco Challenge Fund (MECF) is a three year, $20 million grant and $200 million loan initiative to
help municipalities reduce Green House Gas (GHG) emissions from their infrastructure.
Please indicate whether the loan is for a project that will reduce energy consumption or GHG emissions from a
municipally-owned facility (building, arena, etc.).
DYes 0No
Is this project also being considered for an MECF grant?
DYes 0No
Please provide :
An estimate of the reduction in energy consumption or GHG emissions as a result of the project.
or
A short description of the energy conservation benefits.
Address of the project: ITown ofTillsonburg
Page 12 of 27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
Type ofwor1< (e.g. new construction, renovation of existing
facilities, redevelopment, deferred maintenance, etc.):
Description of the project:
'new equipment ~
replacement for end of life vehicle and equipment used for roads winter control maintenance
Additional comments:
·--
IMlat is the life span of the project in years? (I.e. tne pnysical asset)
Please identify your Ministry contact (If applicable)
Ministry:
Contact Name:
Contact Phone:
,,o I
Page 13 of 27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
Project Information
Project Name
Category
330 Underslung Plow Truck-062
Municipal Other Infrastructure
Project Cost (A) $235,000.00
Project Funding/Financing
List existing and expected Funding/Financing sources for the project (eg. Reserves, other cash on hand,
approved grants, etc.).
Source/Description Timing
Total Amount (B)
OILC Loan Amount (A-B)
Amount
$0.00
$235,000.00
Please enter your long-term borrowing requirements including the estimated date the funds are required.
Only include long-tenn borrowing in this section. If you anticipate that you will require short-term financing
during the construction phase of the project, the information will be gathered as part of the Financing
Agreement.
Estirnatec! Date Reaulred
Oeo-15-2015
Total Long-Term Financing
Amount
$235,000.00
$235,000.00
Term fin yeare>
10
!viZ!
Serial
Page 14 of 27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
Project Details -Municipal Other Infrastructure
FL70 Truck-072 Project Name
Category
Construction Start Date
Construction End Date
Municipal Other Infrastructure
Jul-02-2015
Feb-01-2016
Please indicate the type of infrastructure project. Please select only one.
DFire
DPolice
DAmbulance
D Administration
00thers
Fleet-light duty fire rescue unit to replace end of life vehicle and equipment
Please indicate below if any aspect of the project pertains to:
Energy Conservation: DYes 0No
The Municipal Eco Challenge Fund (MECF) is a three year, $20 million grant and $200 million loan initiative to
help municipalities reduce Green House Gas (GHG) emissions from their infrastructure.
Please indicate whether the loan is for a project that will reduce energy consumption or GHG emissions from a
municipally-owned facility (building, arena, etc.).
DYes 0No
Is this project also being considered for an MECF grant?
DYes 0No
Please provide :
An estimate of the reduction in energy consumption or GHG emissions as a resu~ of the project.
or
A short description of the energy conservation benefits.
Address of the project: Town of Tillsonburg
Page 15 of27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
Type of work (e.g. new construction, renovation of existing
facilities, redevelopment, deferred maintenance, etc.):
Description of the project:
Fleet -light duty fire rescue unit to replace end of life vehicle and
Additional comments:
What is the life span of the project in years? (i.e. the physical asset}
Please identify your Ministry contact (If applicable}
Ministry:
Contact Name:
Contact Phone:
lnew equipment I
po I
Page 16 of 27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
Project Information
Project Name
Category
FL70 Truck-072
Municipal Other Infrastructure
Project Cost (A) $230,000.00
Project Funding/Financing
List existing and expected Funding/Financing sources for the project (eg. Reserves, other cash on hand,
approved grants, etc.).
SourcetDtscrlotlon nmlng
Total Amount (B)
OILC Loan Amount (A-B)
Amount
$0.00
$230,000.00
Please enter your long-term borrowing requirements induding the estimated date the funds are required.
Only include long-term borrowing in this section. If you anticipate that you will require short-temn financing
during the construction phase of the project, the information will be gathered as part of the Financing
Agreement.
Estimatec! Date Required
Feb-15-2016
Total Long-Tenn Financing
Amount
$230,000.00
$230,000.00
Tenn lin yeaml
15
!!!!!.
Serial
Page 17 of 27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
Project Details -Municipal Other Infrastructure
Project Name
Category
Construction Start Date
Construction End Date
F350 Pickup Truck -040
Municipal Other Infrastructure
May-01-2015
Nov-03-2015
Please indicate the type of infrastructure project. Please select only one.
DFire
DPolice
DAmbulance
D Administration
00thers
Fleet-pickup truck to replace end of life vehicle
Please indicate below if any aspect of the project pertains to:
Energy Conservation: DYes 2)No
The Municipal Eco Challenge Fund {MECF) is a three year, $20 million grant and $200 million loan initiative to
help municipalities reduce Green House Gas {GHG) emissions from their infrastructure.
Please indicate whether the loan is for a project that will reduce energy consumption or GHG emissions from a
municipally-owned facility (building, arena, etc.).
DYes 2)No
Is this project also being considered for an MECF grant?
DYes 2)No
Please provide :
An estimate of the reduction in energy consumption or GHG emissions as a result of the project.
or
A short description of the energy conservation benefits.
Address of me project: .. \I own or 1111sonourg I
Page 18 of 27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
Type of work (e.g. new construction, renovation of existing
facilities, redevelopment, deferred maintenance, etc.):
Description of the project:
pickup truck replacement for general roads operations
Additional comments:
What is the life span of the project in years·( (I.e. me pnys1ca1 asset)
Please identify your Ministry contact (If applicable)
Ministry:
Contact Name:
Contact Phone:
lneW equipment I
11U I
Page 19 of 27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
Project Information
Project Name
Category
Project Cost {A)
F350 Pickup Truck-040
Municipal Other Infrastructure
Project Funding/Financing
$60,000.00
List existing and expected Funding/Financing sources for the project (eg. Reserves, other cash on hand,
approved grants, etc.).
Source/Description
reserves and taxation
Timing
Existing
Total Amount (B)
OILC Loan Amount (A-B)
Amount
$27,000.00
$27,000.00
$33,000.00
Please enter your long-tenn borrowing requirements including the estimated date the funds are required.
Only include long-tenn borrowing in this section. If you anticipate that you will require short-tenn financing
during the construction phase of the project, the infonnation will be gathered as part of the Financing
Agreement.
Estimated Date Reaulred
Dec-15-2015
Total Long-Term Financing
Amount
$33,000.00
$33,000.00
Tenn lin years!
10
Iva!·
Serial
Page 20 of27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
Project Details-Municipal Other lnfrasbucture
Project Name
Category
Construction Start Date
Construction End Date
03500 Pickup Truck-046
Municipal Other Infrastructure
May-01-20 15
Nov-03-2015
Please indicate the type of infrastructure project. Please select only one.
DFire
DPolice
DAmbulance
D Administration
Ill Others
Fleet-pickup truck replacement for end of life vehicle
Please indicate below if any aspect of the project pertains to:
Energy Conservation: DYes llJNo
The Municipal Eco Challenge Fund (MECF) is a three year, $20 million grant and $200 million loan initiative to
help municipalities reduce Green House Gas (GHG) emissions from their infrastructure.
Please indicate whether the loan is for a project that will reduce energy consumption or GHG emissions from a
municipally-owned facility (building, arena, etc.).
DYes llJNo
Is this project also being considered for an MECF grant?
DYes llJNo
Please provide :
An estimate of the reduction in energy consumption or GHG emissions as a result of the project.
------
or
A short description of the energy conservation benefits.
Address of me proJeCI: ...
II own OIImsonourg I
Page 21 of 27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
Type of work (e.g. new construction, renovation of existing
facilities, redevelopment, deferred maintenance, etc.):
Description of the project
lw equipment I
rckup truck replacement for roads operations I
Additional comments:
-·-j1u \ What is the life span of the project in years·f (I.e. me pnys1ca1 asset)
Please identify your Ministry contact (If applicable)
Ministry:
Contact Name:
Contact Phone:
Page 22 of27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
Project Information
Project Name
Category
Project Cost (A)
D3500 Pickup Truck -046
Municipal other Infrastructure
Project Funding/Financing
$60,000.00
List existing and expected Funding/Financing sources for the project (eg. Reserves, other cash on hand,
approved grants, etc.).
Source/Description
reserves and taxation
Timing
Existing
Total Amount (B)
OILC Loan Amount (A-B)
Amount
$27,000.00
$27,000.00
$33,000.00
Please enter your long-tenn borrowing requirements including the estimated date the funds are required.
Only include long-term borrowing in this section. If you anticipate that you will require short-tenn financing
during the construction phase of the project, the information will be gathered as part of the Financing
Agreement
§sUmated Date Required
Dec-15-2015
Total Long-Term Financing
Amount
$33,000.00
$33,000.00
Tenn lin years!
10
Im!.
Serial
Page 23 of 27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
D. DEBT AND REPAYMENT SUMMARY
Financial Information Returns (FIR)
Please be aware that OILC will be unable to complete the processing of your application until you have filed your
most current FIR with the Ministry of Municipal Affairs and Housing. If you have not filed your FIR, you should
submit your application to OILC and send your FIR to MMAH as soon as possible.
ARL
Please provide a copy of the Borrower's most recent ARL issued by MMAH.
Existing Borrowing:
Please provide the following details on the existing debt, including capital leases and unsecured debt.
Loan Loan Initial Amount Annual Date Maturity Summary Payment Periodic
# Purpose Amount Outstanding lntarast Borrowed Year of Existing Type Amount
Borrowed aa per Moat Rate(%) (mm/ddlyy Pledges, Payable
Recent YY) Conditions,
Audited Covenants
Financlals
Please elaborate on re-financing plans and options for any existing "interest only" debt, if applicable
Existing Encumbrances:
Does the Borrower have any existing liens, pledges and any other encumbrances on existing assets?
DYes ~No
If yes, please provide details:
Payment
Frequenc
Page 24 of27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
OILC Loan Repayment Information
Please indicate the source(s) of revenue you plan to use to repay the OILC Loan.
Contribution to OILC Loan Payments!%\
Source
Taxation 100.00
User Fees
Service Charges
Development Charges
Connection Fees
Subsidies
Other
Total 100.00
Description of Other Source lu____ I
Audited Financial Statements
A copy of the most recent audited financial statements must be attached with this loan application.
Page 25 of 27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
E. LITIGATION
Is there any litigation threatened or existing which would affect any projects or substantially
impair the Borrower's ability to pay debt service costs on its general obligation indebtedness?
Please indicate Yes or No.
Please complete the Certificate of Litigation template found under the Forms menu.
F. NON-REPAYMENT OF LOANS OR DEBENTURES
In the last 10 years has the Borrower ever failed to make a loan or debenture repayment on
time to any lender, including to the Provincial Government?
If yes, please provide details. If necessary, attach details.
G. PROVINCIAL GRANTS AS SECURITY
DYes 0No
DYes 0No
Pursuant to OILC's enabling legislation, the Minister of Finance may deduct funds from provincial grants to the
Borrower appropriated by the Legislative Assembly of Ontario for payment to OJLC to satisfy any outstanding
unpaid amounts owed by the Borrower to OJLC.
H. ATTACHMENTS
Please ensure all required documents are submitted with the signed application. OILC requires originals as
noted below to be mailed or couriered. Also, please retain a copy of all documents submitted to OJLC for your
records.
•
•
•
•
•
•
•
Loan Application Signature Page signed and dated by the appropriate individual (original to be
submitted)
Certified and sealed copy of OILC template By-Law authorizing project borrowing and applying f
a loan (original with seal)
Certificate of Treasurer Regarding Litigation using the OJLC template (original, signed & sealed)
Updated Certified Annual Repayment Limit Calculation (original)
OMB approval if exceeding debt repayment limit, if applicable
Capital Plan if applicable
Project management letter
Page 26 of27
ONTARIO INFRASTRUCTURE AND LANDS CORPORATION (OILC)
LOAN APPLICATION
0 I acknowledge and agree that all of the above referenced documents must be submitted in the form required
by OILC and understand that the application will not be processed until such documents have been fully
completed and received by Infrastructure Ontarto.
Please note: OILC retains the right to request and review any additional Information or documents at Its
discretion.
0 I acknowledge that I have read and understood the Project Management and Best Practices Reporting
Requirements
Confidential Information
OILC is an insmution to which the Freedom of Information and Protection of Privacy Act (Ontario) applies.
Information and supporting documents submitted by the Borrower to process the loan application will be kept
secure and confidential, subject to any applicable laws or rules of a court or tribunal having jurisdiction.
Page 27 of 27