Item - 2026.DB15.3

Tracking Status

This item was considered by Debenture Committee on April 14, 2026 and was adopted without amendment.
See also By-law 328-2026

DB15.3 - Introduction of By-laws

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Committee Decision

The Debenture Committee passed By-laws 327-2026 and 328-2026, 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)

3:13 p.m. - That Bill 331, prepared for the April 14, 2026, Meeting 15 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
331	327-2026	Enacted	To authorize the borrowing upon additional sinking fund debentures in the principal amount of $450,000,000.00 for capital works of the City of Toronto. (Second re-opening of the original 4.50% $450,000,000.00 sinking fund debentures due March 11, 2055, issued on March 11, 2025, initially re-opened in the amount of $350,000,000.00 on June 27, 2025) Debenture Committee Item DB15.1, as adopted by the Debenture Committee on April 14, 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 Mr. Paul Johnson (Carried)

3:14 p.m. - That confirmatory bills to confirm the legislative proceedings of the Debenture Committee acting under delegated authority at Meeting 15 on April 14, 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
332	328-2026	Enacted	To confirm the proceedings of the Debenture Committee at Meeting 15 held on April 14, 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.)