On April 7th, 2017, the Municipal Finance Authority of BC will fund loan issue No. 141 to participating members. The re‐lending rates have been set at:
1.95% for 5 year borrowers,
2.80% for 10 year borrowers, and
2.80% for the 1st ten years on loans with terms of 15, 20, 25, & 30 years*
The net proceeds reflect 99% f the gross loan request with 1% withheld for Debt Reserve Fund
purposes. The 1% contribution will be refunded, with interest, upon full repayment of your loan obligation.
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Amortization Schedule for Borrowing of $13,250,000 for Ice Sheet Replacement:
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