Motion To: WHEREAS on January 27th, 2010, City Council established a Debenture Committee to improve the City’s access to financial markets and increases the potential for savings in its debt service costs for projects where the debt has already been approved by Council; and WHEREAS the Debenture Committee was comprised of the Mayor, the Vice-Chair of the Finance and Economic Development Committee, the City Manager and the City Treasurer; and WHEREAS ON December 3rd, 2014, City Council eliminated the Debenture Committee which, although it had “proven to b e an effective means of ensuring that debenture by-laws are enacted in a timely manner”, faced significant challenges with regards to coordinating the various schedules of the members of the Committee; THEREFORE BE IT RESOLVED THAT the Recommendation in the City Debenture Issuance Report (ACS2020-FSD-FIN-0006) be amended by adding the following after the word “period”, “and that this delegated authority be reviewed at the f

S. Moffatt
R. Chiarelli
E. El-Chantiry
M. Fleury
J. Harder
J. Cloutier
J. Watson
J. Sudds
J. Leiper
G. Gower
A. Hubley
R. Brockington
G. Darouze
M. Luloff
K. Egli
T. Tierney
C. Meehan
L. Dudas
S. Menard
C. McKenney
T. Kavanagh
R. King
D. Deans (a)
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Vote recorded from City Council on 2020-04-08 regarding agenda item CITY DEBENTURE ISSUANCE.

Full meeting details.

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