Approve borrowing up to $29.6M for capital projects
Preliminary vote · Final decision at Council
General Committee makes recommendations; City Council makes the final decision.
Council approved this on March 27, 2023 as part of its consent agenda, without a separate vote. See the consent vote →
Motion carried
11–0
11 for0 against
Councillor Votes
Full Resolution Text
That Council approve the recommendations outlined in Report CLSFS23-021, dated March 6, 2023 of the Commissioner of Corporate and Legislative Services as follows: a)That the necessary borrowing by-laws be approved to borrow funds up to a maximum of $29,612,189 to finance City capital projects, and for terms not to exceed the terms indicated on Appendix A, attached to Report CLSFS23-021; and b)That the Treasurer be authorized to apply to Ontario Infrastructure and Lands Corporation to borrow these funds.
Meeting Details
General Committee
Council Chambers, City Hall