Item - 2022.DB17.2

Tracking Status

DB17.2 - Enactment of By-laws

Decision Type:
ACTION
Status:
Adopted
Wards:
All

Committee Decision

The Debenture Committee enacted By-laws 1112-2022 and 1113-2022.

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 1084 prepared for the July 25, 2022 meeting of the Debenture Committee:

 

Bill No.

By-law No.

Status

Title and Authority

1084

1112-2022

Enacted

To authorize the borrowing upon sinking fund debentures in the principal amount of $235,000,000.00 for capital works of the City of Toronto pursuant to the City of Toronto Social Debenture Framework.

 

Debenture Committee Item DB17.1, as adopted by the Debenture Committee on July 25, 2022 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 17 on July 25, 2022:

 

Bill No.

By-law No.

Status

Title and Authority

1085

1113-2022

Enacted

To confirm the proceedings of the Debenture Committee at Meeting 17 held on July 25, 2022 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