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Tag: Holdco

Posted on October 17, 2019October 18, 2019

Lakefront Utilities (LUI) Wants to Reduce Interest Rate on Town Promissory Note

Barry Gutteridge, Director of LUI, has requested that the Town agree to an amendment of the 2006 promissory note of $7M with the Town of Cobourg. Most people do not understand this and would rather not read or think about it.

… Continue Reading
Posted on May 30, 2019May 30, 2019

Holdco Financials Now Available

Since our inception in the Spring of 2015, the Cobourg Taxpayers Association has fought for transparency by continually asking that Holdco financial statements be made open to the public.  We are very pleased that this has now happened.  You can find more information here:

LINK:  https://www.cobourg.ca/en/town-hall/Financial-Statements.aspx

… Continue Reading
Posted on October 17, 2015December 15, 2018

Newly formed ratepayers group talks turkey about Cobourg issues

Cobourg Taxpayers Association President Lydia Smith and board member Paul Pagnuelo talk candidly about property taxes, giving advice to council and the need for transparency at Holdco, the town’s corporation for Lakeshore Utilities on Consider This Live, as part of the Drive Time with Dave Glover on Northumberland 89.7 FM.

… Continue Reading
Posted on July 24, 2015December 15, 2018

​Town of Cobourg’s Secret Utility Company

In 2014 Cobourg residents paid $32.6 million for electricity, water and street lights, yet all details of the operations of Lakefront Utilities and associated companies are hidden from the residents and even the town’s Council.

Why does the Town of Cobourg Holdings Inc.

… Continue Reading

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