Item - 2023.DB4.2

Tracking Status

This item was considered by Debenture Committee on September 29, 2023 and was adopted without amendment.
See also By-law 883-2023

DB4.2 - Introduction of By-laws

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Committee Decision

The Debenture Committee passed By-laws 882-2023 and 883-2023.

Summary

The Debenture Committee will introduce a general Bill and a confirming Bill.

Motions

Motion to Introduce and Pass General Bills moved by Mayor Olivia Chow (Carried)

That Bill 846, prepared for the September 29, 2023 Meeting 4 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
846	882-2023	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, pursuant to the City of Toronto Green Debenture Framework (the "Green Debenture Framework"). (Re-opening of the 4.40% $300,000,000.00 sinking fund debentures due December 14, 2042, issued on December 14, 2022 pursuant to the Green Debenture Framework). Debenture Committee Item DB4.1, as adopted by the Debenture Committee on September 29, 2023, under the delegated authority of Section 30-3.5 of Chapter 30, Debenture and Other Borrowing, of the City of Toronto Municipal Code.

Motion to Introduce and Pass Confirmatory Bill moved by Mayor Olivia Chow (Carried)

That confirmatory bills to confirm the legislative proceedings of the Debenture Committee acting under delegated authority at Meeting 4 on September 29, 2023 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
847	883-2023	Enacted	To confirm the proceedings of the Debenture Committee at Meeting 4 held on September 29, 2023 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.)