Item - 2023.DB1.2

Tracking Status

This item was considered by Debenture Committee on December 8, 2022 and was adopted without amendment.
See also By-law 60-2023

DB1.2 - Enactment of By-laws

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Committee Decision

The Debenture Committee passed By-laws 59-2023 and 60-2023.

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 Bill 61, prepared for the December 8, 2022 Meeting 1 of the Debenture Committee, be declared as a by-law and passed subject to Section 226.9 of the City of Toronto Act, 2006.

Bill No.	By-law No.	Status	Title and Authority
61	59-2023	Enacted	To authorize the borrowing upon sinking fund debentures in the principal amount of $300,000,000.00 for capital works of the City of Toronto, pursuant to the City of Toronto Green Debenture Framework. Debenture Committee Item DB1.1, as adopted by the Debenture Committee on December 8, 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 confirmatory bills to confirm the legislative proceedings of the Debenture Committee acting under delegated authority at Meeting 1 on December 8, 2022 be declared as by-laws and passed subject to Section 226.9 of the City of Toronto Act, 2006.

Bill No.	By-law No.	Status	Title and Authority
62	60-2023	Enacted	To confirm the proceedings of the Debenture Committee at Meeting 1 held on December 8, 2022 as they relate 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.)