Item - 2020.DB6.3

Tracking Status

DB6.3 - Enactment of By-laws

Decision Type:
ACTION
Status:
Adopted
Wards:
All

Committee Decision

The Debenture Committee enacted By-laws 449-2020 to 451-2020.

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 by-laws Bills 438 and 439 prepared for the June 26, 2020 meeting of the Debenture Committee:

 

Bill No.

By-law No.

Status

Title and Authority

438

449-2020

Enacted

To authorize the borrowing upon sinking fund debentures in the principal amount of $100,000,000.00 for capital works of the City of Toronto.

 

Debenture Committee Item DB6.1, as adopted by the Debenture Committee on June 26, 2020 under the delegated authority of Section 30-3.5 of City of Toronto Municipal Code Chapter 30, Debenture and Other Borrowing.

439

450-2020

Enacted

To authorize the borrowing upon the issuance of sinking fund debentures in the principal amount of $6,250,000.00 to the Canada Mortgage and Housing Corporation for capital works of the City of Toronto.

 

Debenture Committee Item DB6.2, as adopted by the Debenture Committee on June 26, 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 6 on June 26, 2020:

 

Bill No.

By-law No.

Status

Title and Authority

498

451-2020

Enacted

To confirm the proceedings of the Debenture Committee at Meeting 6 held on June 26, 2020 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