Item - 2024.DB7.2

Tracking Status

This item was considered by Debenture Committee on July 23, 2024 and was adopted without amendment.
See also By-law 764-2024

DB7.2 - Introduction of By-laws

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Committee Decision

The Debenture Committee passed By-laws 763-2024 and 764-2024.

Summary

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

Motions

Motion to Introduce and Pass General Bills moved by Councillor Shelley Carroll (Carried)

July 23, 2024 at 12:40 p.m. - That Bill 771, prepared for the July 23, 2024, Meeting 7 of the Debenture Committee, be declared as a by-law and passed subject to Section 226.9 of the City of Toronto Act, 2006, as follows:

Bill No.	By-law No.	Status	Title and Authority
771	763-2024	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. Debenture Committee Item DB7.1, as adopted by the Debenture Committee on July 23, 2024 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)

July 23, 2024 at 12:40 p.m. - That confirmatory bills to confirm the legislative proceedings of the Debenture Committee acting under delegated authority at Meeting 7 on July 23, 2024, be declared as by-laws and passed subject to Section 226.9 of the City of Toronto Act, 2006, as follows:

Bill No.	By-law No.	Status	Title and Authority
791	764-2024	Enacted	To confirm the proceedings of the Debenture Committee at Meeting 7 held on July 23, 2024 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.)