RDNO Hopes For Low Borrowing Rate
Apr 7, 2017 | 7:23 AM
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The North Okanagan Regional District finds itself in a good position to borrow money from the provincial Municipal Finance Authority.
Board Chair Bob Fleming says it is lending money at historically low rates which could mean a good deal for borrowing for the new arena
” Hopefully, we’ll be in those rates that now are at historic lows. We haven’t had our rate set but we know it’s going to be a low rate.”
The District is borrowing 13 million dollars for the arena addition.
