Motion To: REPORT RECOMMENDATIONS That City Council, 1. Delegate the authority to the Mayor or his designate with the authority over the July / August time period to execute and enact the necessary debenture by-laws associated with this report to authorize the issuance of debentures where the project debt authority has been approved by Council. 2. Approve the inclusion in the 2018 budget of a one-time transfer from the reserves to bridge the increased debt servicing costs anticipated with the planned debt issue.
Absent/RecusedJ. Mitic (a)
Vote recorded from City Council on 2017-07-12 regarding agenda item CITY DEBENTURE ISSUANCE.