Item - 2019.DB1.2

Tracking Status

DB1.2 - Enactment of By-laws

Decision Type:
ACTION
Status:
Adopted
Wards:
All

Committee Decision

The Debenture Committee enacted By-laws 679-2019 and 680-2019.

Summary

Debenture Committee will adopt general Bills and a confirming Bill.

Background Information

(May 8, 2019) By-law Index for May 8, 2019 Debenture Committee meeting
https://www.toronto.ca/legdocs/mmis/2019/db/bgrd/backgroundfile-132891.htm

Motions

1 - Motion to Introduce and Pass General Bills moved by Councillor Gary Crawford (Carried)

That the Debenture Committee pass and declare as a by-law Bill 672 prepared for the May 8, 2019 meeting of the Debenture Committee:

 

Bill No.

By-law No.

Status

Title and Authority

672

679-2019

Enacted

To authorize the borrowing upon sinking fund debentures in the principal amount of $300,000,000.00 for capital works of the City of Toronto.

 

Debenture Committee Item DB1.1, as adopted by the Debenture Committee on May 8, 2019 under the delegated authority of Section 30-3.5 of City of Toronto Municipal Code Chapter 30, Debenture and Other Borrowing.


2 - Motion to Introduce and Pass Confirmatory Bill moved by Mayor John Tory (Carried)

That the Debenture Committee pass and declare as a by-law a confirmatory bill to confirm the legislative proceedings of the Debenture Committee acting under delegated authority at Meeting 1 on May 8, 2019, as follows:

 

Bill No.

By-law No.

Status

Title and Authority

673

680-2019

Enacted

To confirm the proceedings of the Debenture Committee at Meeting 1 held on May 8, 2019 as it relates to decisions made under delegated authority.

 

(This final confirming By-law confirms the actions taken by the Debenture Committee under delegated authority at this meeting, including the enactment of any previous confirming By-laws.)

Source: Toronto City Clerk at www.toronto.ca/council