Need help using the council agenda and meeting system? Please click here.

    Browser plugins and popup blockers may interfere with the operation of this website. Please disable them if you are experiencing difficulties.

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.