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File #: O18-1819    Version: 1 Name:
Type: Report Status: Passed
File created: 11/28/2018 In control: Township Council
On agenda: 12/3/2018 Final action: 12/3/2018
Title: Temporary Borrowing Bylaws (Facility Capital Works and Transportation Capital Works) and Municipal Security Issuing Resolution Bylaw No. 5423 Bylaw No. 5424 Report 18-149 File FIN 1760-30
Attachments: 1. J.1 fin Temporary Borrowing Bylaws.pdf

Title

Temporary Borrowing Bylaws
(Facility Capital Works and Transportation Capital Works) and
Municipal Security Issuing Resolution

Bylaw No. 5423

Bylaw No. 5424

Report 18-149

File FIN 1760-30

Recommended Action

That Council give final reading to “Temporary Borrowing
(Facility Capital Works) Bylaw 2018 No. 5423”; and

 

“Temporary Borrowing (Transportation Capital Works) Bylaw 2018 No. 5424”.

 

Explanation - Bylaw No. 5423

 

Bylaw 2018 No. 5423 provides for temporary borrowing pending the issuance of debenture securities to complete Facility Capital Works, in the amount of $7.0 million pursuant to Facility Capital Works Loan Authorization Bylaw 2018 No. 5346.

 

Explanation - Bylaw No. 5424

 

Bylaw 2018 No. 5424 provides for temporary borrowing pending the issuance of debenture securities to complete Transportation Capital Works, in the amount of $12.95 million pursuant to Transportation Capital Works Loan Authorization Bylaw 2018 No. 5347.