Item - 2020.DB8.2
Tracking Status
- This item was considered by Debenture Committee on November 6, 2020 and was adopted without amendment.
- See also By-law 972-2020
DB8.2 - Enactment of By-laws
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Decision
The Debenture Committee enacted By-laws 971-2020 and 972-2020.
Summary
Debenture Committee will adopt a general Bill and a confirming Bill.
Motions
That the Debenture Committee pass and declare as a by-law Bill 928 prepared for the November 6, 2020 meeting of the Debenture Committee:
|
Bill No. |
By-law No. |
Status |
Title and Authority |
|
928 |
971-2020 |
Enacted |
To authorize the borrowing upon additional sinking fund debentures in the principal amount of $250,000,000.00 for capital works of the City of Toronto. (Re-opening of the 2.80 percent, $350,000,000.00 sinking fund debentures due November 22, 2049, issued on November 22, 2019.)
Item DB8.1, as adopted by the Debenture Committee on November 6, 2020 under the delegated authority of Section 30-3.5 of Chapter 30, Debenture and Other Borrowing, of the City of Toronto Municipal Code. |
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 8 on November 6, 2020:
|
Bill No. |
By-law No. |
Status |
Title and Authority |
|
929 |
972-2020 |
Enacted |
To confirm the proceedings of the Debenture Committee at Meeting 8 held on November 6, 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.) |