Update on Financing of New Furnace
We are pleased to report that we have acquired a loan from the Toronto United Church Council (TUCC) under their Sustainable Energy Loan Fund (SELF), to finance the full cost of the new furnace.
The amount borrowed was $33,000 to be repaid over 10 years. The interested charged for the first five years is zero percent, the next five years is 1%. Monthly loan payments will come from our capital fund account. Payments of $275 monthly, will start Feb 1, 2023.
In 2018, TUCC amended its Letters Patent so that its services might be shared with four of the regional councils created in the major restructuring of the United Church (Western Ontario Waterways, Horseshoe Falls, Shining Waters, and East Central Ontario). (see TUCC website for additional info: https://www.tucc.ca/)
We are grateful to the Toronto United Church Council and the Eastern Ontario Regional Council for their support.
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