Item - 2025.DB10.2

Tracking Status

This item was considered by Debenture Committee on March 6, 2025 and was adopted without amendment.
See also By-law 141-2025

DB10.2 - Introduction of By-laws

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Committee Decision

The Debenture Committee passed By-laws 140-2025 and 141-2025, 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 Stephen Conforti (Carried)

10:07 a.m. - That Bill 137, prepared for the March 6, 2025, Meeting 10 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
137	140-2025	Enacted	To authorize the borrowing upon sinking fund debentures in the principal amount of $450,000,000.00 for capital works of the City of Toronto. Debenture Committee Item DB10.1, as adopted by the Debenture Committee on March 6, 2025, 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 Paul Johnson (Carried)

10:08 a.m. - That confirmatory bills to confirm the legislative proceedings of the Debenture Committee acting under delegated authority at Meeting 10 on March 6, 2025, 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
138	141-2025	Enacted	To confirm the proceedings of the Debenture Committee at Meeting 10 held on March 6, 2025, 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.)