Item - 2026.DB14.2

Tracking Status

This item was considered by Debenture Committee on March 6, 2026 and was adopted without amendment.
See also By-law 187-2026

DB14.2 - Introduction of By-laws

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Committee Decision

The Debenture Committee passed By-laws 186-2026 and 187-2026, 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)

3:17 p.m. - That Bill 190, prepared for the March 6, 2026, Meeting 14 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
190	186-2026	Enacted	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. (Third re-opening of the 3.50% $200,000,000.00 sinking fund debentures due June 2, 2036, issued on April 8, 2016, initially re-opened in the amount of $200,000,000.00 on August 31, 2017 and subsequently re-opened in the amount of $350,000,000.00 on October 4, 2018). Debenture Committee Item DB14.1, as adopted by the Debenture Committee on March 6, 2026, 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)

3:17 p.m. - That confirmatory bills to confirm the legislative proceedings of the Debenture Committee acting under delegated authority at Meeting 14 on March 6, 2026, 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
191	187-2026	Enacted	To confirm the proceedings of the Debenture Committee at Meeting 14 held on March 6, 2026, 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.)