That Council approve the recommendations outlined in Report FCSFS25-015, dated August 5, 2025, of the Commissioner of Finance and Corporate Support Services as follows: a) That Council authorize staff
General Committee makes recommendations; City Council makes the final decision.
Council approved this on August 11, 2025 as part of its consent agenda, without a separate vote. See the consent vote →
Councillor Votes
Full Resolution Text
That Council approve the recommendations outlined in Report FCSFS25-015, dated August 5, 2025, of the Commissioner of Finance and Corporate Support Services as follows: a) That Council authorize staff to proceed as outlined in Closed Session Report FCSFS25-015 dated August 5, 2025, of the Commissioner, Finance and Corporate Support Services, respecting financing to The Mount Community Centre for its purchase of 780 Argyle Street. b) That a by-law be passed to authorize the borrowing of $4,500,000 to help finance the purchase of 780 Argyle Street, Peterborough to be undertaken by The Mount Community Centre; c) That the Commissioner, Finance and Corporate Support Services be authorized to prepare the necessary borrowing by-laws to borrow funds up to a maximum of $4,500,000 for a term not to exceed 5 years; and d) That the Treasurer be authorized to submit an application to Ontario Infrastructure and Lands Corporation, if necessary, to borrow these funds.