Item - 2021.DB11.2

Tracking Status

This item was considered by Debenture Committee on July 22, 2021 and was adopted without amendment.
See also By-law 696-2021

DB11.2 - Enactment of By-laws

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Committee Decision

The Debenture Committee enacted By-laws 695-2021 and 696-2021.

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 659 prepared for the July 22, 2021 meeting of the Debenture Committee:

Bill Number

By-law Number

Status

Title and Authority

659

695-2021

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. (Re-opening of the 2.15 percent $300,000,000.00 sinking fund debentures due August 25, 2040, issued on August 25, 2020).

Debenture Committee Item DB11.1, as adopted by the Debenture Committee on July 22, 2021 under the delegated authority of Section 30-3.5 of Chapter 30, Debenture and Other Borrowing, of the City of Toronto Municipal Code.

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 11 on July 22, 2021: