Item - 2025.DB13.2

Tracking Status

This item was considered by Debenture Committee on December 1, 2025 and was adopted without amendment.
See also By-law 1437-2025

DB13.2 - Introduction of By-laws

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Committee Decision

The Debenture Committee passed By-laws 1436-2025 and 1437-2025, 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 Mayor Olivia Chow (Carried)

4:08 p.m. - That Bill 1405, prepared for the December 1, 2025, Meeting 13 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
1405	1436-2025	Enacted	To authorize the borrowing upon additional 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") (Re-opening of the 4.55% $200,000,000.00 sinking fund debentures due October 29, 2054, issued on October 29, 2024, pursuant to the Social Debenture Framework) Debenture Committee Item DB13.1, as adopted by the Debenture Committee on December 1, 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 Mayor Olivia Chow (Carried)

4:09 p.m. - That confirmatory bills to confirm the legislative proceedings of the Debenture Committee acting under delegated authority at Meeting 13 on December 1, 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
1412	1437-2025	Enacted	To confirm the proceedings of the Debenture Committee at Meeting 13 held on December 1, 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.)