Item - 2019.DB3.2

Tracking Status

This item was considered by Debenture Committee on November 18, 2019 and was adopted without amendment.
See also By-law 1620-2019

DB3.2 - Enactment of By-laws

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Committee Decision

The Debenture Committee enacted By-laws 1619-2019 and 1620-2019.

Summary

Debenture Committee will adopt a general Bill and a confirming Bill.

Motions

1 - Motion to Introduce and Pass General Bills moved by Heather Taylor (Carried)

That the Debenture Committee pass and declare as a by-law Bill 1579 prepared for the November 18, 2019 meeting of the Debenture Committee:

Bill No.

By-law No.

Title and Authority

1579

1619-2019

To authorize the borrowing upon sinking fund debentures in the principal amount of $350,000,000.00 for capital works of the City of Toronto.

Debenture Committee Item DB3.1, as adopted by the Debenture Committee on November 18, 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 Heather Taylor (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 3 on November 18, 2019, as follows:

Bill No.

By-law No.

Title and Authority

1580

1620-2019

To confirm the proceedings of the Debenture Committee at Meeting 3 held on November 18, 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.)