Item - 2024.DB8.2

Tracking Status

This item was considered by Debenture Committee on October 25, 2024 and was adopted without amendment.
See also By-law 1126-2024

DB8.2 - Introduction of By-laws

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Committee Decision

The Debenture Committee passed By-laws 1125-2024 and 1126-2024, subject to Section 226.9 of the City of Toronto Act, 2006.

Summary

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

Motions

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

October 25, 2024 at 10:37 a.m. - That Bill 1111, prepared for the October 25, 2024, Meeting 8 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
1111	1125-2024	Enacted	To authorize the borrowing upon sinking fund debentures in the principal amount of $200,000,000.00 for capital works of the City of Toronto, pursuant to the City of Toronto Social Debenture Framework (the "Social Debenture Framework"). Debenture Committee Item DB8.1, as adopted by the Debenture Committee on October 25, 2024 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 Olivia Chow (Carried)

October 25, 2024 at 10:37 a.m. - That confirmatory bills to confirm the legislative proceedings of the Debenture Committee acting under delegated authority at Meeting 8 on October 25, 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
1138	1126-2024	Enacted	To confirm the proceedings of the Debenture Committee at Meeting 8 held on October 25, 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.)