Item - 2025.DB11.2

Tracking Status

This item was considered by Debenture Committee on June 24, 2025 and was adopted without amendment.
See also By-law 555-2025

DB11.2 - Introduction of By-laws

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Committee Decision

The Debenture Committee passed By-laws 554-2025 and 555-2025, 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 Councillor Shelley Carroll (Carried)

12:36 p.m. - That Bill 570, prepared for the June 24, 2025, Meeting 11 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
570	554-2025	Enacted	Re-opening of the 4.50 percent $450,000,000.00 sinking fund debentures due March 11, 2055, issued on March 11, 2025, to authorize the borrowing upon additional sinking fund debentures in the principal amount of $350,000,000.00 for capital works of the City of Toronto. Debenture Committee Item DB11.1, as adopted by the Debenture Committee on June 24, 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)

12:36 p.m. - That confirmatory bills to confirm the legislative proceedings of the Debenture Committee acting under delegated authority at Meeting 11 on June 24, 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
571	555-2025	Enacted	To confirm the proceedings of the Debenture Committee at Meeting 11 held on June 24, 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.)