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Debenture Committee
June 28, 2022
What was decided (2 motions)
2 carried, 0 recorded otherwise. Every motion below is printed as the minutes print it.
That the following By-laws of the City of Ottawa be given three readings and enacted by the Debenture Committee in accordance with its delegated authority: BYLAW - THREE READINGS BY-LAW NO. 2022-218 - A by-law of the City of Ottawa to authorize the borrowing upon a debenture in the principal amount of up to $8,133,000.00 for the purposes of the City of Ottawa. BY-LAW NO. 2022-219 - A by-law of the City of Ottawa to authorize the borrowing of monies in the form of a bank loan in the principal amount of $3,887,000.00 towards the cost of the Better Homes Loan Program. BY-LAW NO. 2022-220 - A by-law of the City of Ottawa to authorize the borrowing of monies in the form of a dual bank loan advance in the combined principal amount of up to $30,000,000.00 towards the cost of the Better Homes Loan Program. BY-LAW NO. 2022-221 - A by-law of the City of Ottawa to authorize the borrowing of monies in the form of a bank loan in the principal amount of up to $380,000,000.00 towards the cost of the capital works.
Moved by Wendy Stephanson
Carried
That the following By-law of the City of Ottawa be given three readings and enacted by the Debenture Committee in accordance with its delegated authority: BYLAW - THREE READINGS BY-LAW NO. 2022-222 - A By-law of the City of Ottawa to confirm proceedings of the Debenture Committee, a Committee of the Council of the City of Ottawa at its meeting held on 28 June 2022.