Item - 2021.DB12.2

Tracking Status

This item was considered by Debenture Committee on September 27, 2021 and was adopted without amendment.
See also By-law 766-2021

DB12.2 - Enactment of By-laws

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Committee Decision

The Debenture Committee enacted By-laws 765-2021 and 766-2021.

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 724 prepared for the September 27, 2021 meeting of the Debenture Committee.

Bill No.

By-law No.

Status

Title and Authority

724

765-2021

Enacted

To authorize the borrowing upon additional sinking fund debentures in the principal amount of $100,000,000.00 for capital works of the City of Toronto. (Re-opening of the 1.60 percent $100,000,000.00 sinking fund debentures due December 2, 2030, issued on June 30, 2020 pursuant to the City of Toronto Social Debenture Framework).

Debenture Committee Item DB12.1, as adopted by the Debenture Committee on September 27, 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 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 12 on September 27, 2021.