Item - 2020.DB5.3

Tracking Status

This item was considered by Debenture Committee on May 13, 2020 and was adopted without amendment.
See also By-law 368-2020

DB5.3 - Enactment of By-laws

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Committee Decision

The Debenture Committee enacted By-laws 367-2020 and 368-2020.

Summary

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

Motions

1 - Motion to Introduce and Pass General Bills moved by Mayor John Tory (Carried)

That the Debenture Committee pass and declare as a by-law Bill 342 prepared for the May 13, 2020 meeting of the Debenture Committee:

Bill No.

By-law No.

Status

Title and Authority

342

367-2020

Enacted

To authorize the borrowing upon additional sinking fund debentures in the principal amount of $200,000,000.00 for capital works of the City of Toronto. (Second re-opening of the 2.65 percent $300,000,000.00 sinking fund debentures due November 9, 2029, issued on May 9, 2019 and initially re-opened in the amount of $100,000,000.00 on December 16, 2019.)

Debenture Committee Item DB5.2, as adopted by the Debenture Committee on May 13, 2020 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 5 on May 13, 2020, as follows: