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File #:
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O18-1819
Version:
1
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Name:
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Type:
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Report
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Status:
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Passed
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On agenda:
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12/3/2018
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Final action:
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12/3/2018
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Title:
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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
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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.
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