the Niagara Parks Commission (the “ NPC ”) requires a twenty-five million dollar ($25,000,000.00) loan (the “Loan”) f...
O.C. 947/2020
Ontario — Orders in Council
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Order in Council 947/2020
On the recommendation of the undersigned, the Lieutenant Governor of Ontario, by and with the advice and concurrence of the Executive Council of Ontario, orders that:
Whereas the Niagara Parks Commission (the “ NPC ”) requires a twenty-five million dollar ($25,000,000.00) loan (the “Loan”) for the purpose of redeveloping the Canadian Niagara Power Generating Station as a visitor attraction:
And
whereas subsection 5(1) of the Niagara Parks Act , R.S.O. 1990, c. N.3, as amended, allows the NPC to borrow money to make improvements to real or personal property or for any other purpose of the NPC with the approval of the Lieutenant Governor in Council;
Ministry of Heritage, Sport, Tourism and Culture Industries
Approved and Ordered:
June 18, 2020
Updated: June 29, 2022
Published: July 06, 2020