OTTAWA CITY COUNCIL
13 JULY2011
ANDREW S. HAYDON HALL
10:00 a.m.
DISPOSITION OF ITEMS APPROVED BY STANDING COMMITTEES UNDER DELEGATED AUTHORITY
For the information of Council, the following items were approved by the Debenture Committee under Delegated Authority, at its meeting of 7 July 2011:
Règlement régissant les obligations non garanties
ACS2011-CMR-FIN-0040 city-wide / À l’Échelle de la ville
That the Debenture Committee enact debenture by-laws where the project debt authority has been approved by Council and the Treasurer has proceeded with debt issues pursuant to Section 15, Schedule “A” of By-law No. 2011-28 as amended, the Delegation of Authority By-law, by finalizing the terms and conditions of such debt issue:
1. In the form attached as Document 1 to authorize the issuance of sinking fund debentures in the total principal amount of $150,000,000 and;
2. In the form attached as Document 2 to authorize the issuance of debentures to the Ontario Infrastructure and Lands Corporation (OILC) in the total principal amount of $50,000,000.
CARRIED
3. enactment of by-lawS (TWO by-lawS)
Adoption de règlements municipaux (DEUX Règlements municipAl)
Bylaw Three Readings
Moved by M. Simulik:
That the following by-laws of the City of Ottawa be given three readings and enacted by the Debenture Committee in accordance with its delegated authority:
By-Law No. 2011-254 A by-law of the City of Ottawa to authorize the borrowing upon sinking fund debentures in the principal amount of $150,000,000.00 towards the cost of certain capital works of the City of Ottawa
By-Law No. 2011-255 A by-law of the City of Ottawa to authorize the borrowing upon amortizing debentures in the principal amount of $50,000,000.00 towards the cost of certain capital works of the City of Ottawa
CARRIED
4. enactment of CONFIRMATION By-law
Adoption de LA RATIFICATION DU règlement municipal
Bylaw Three Readings
Moved by M. Simulik:
That the following by-law of the City of Ottawa be given three readings and enacted by the Debenture Committee in accordance with its delegated authority:
By-Law No. 2011-256 A by-law of the City of Ottawa to confirm proceedings of the Debenture Committee, a Committee of the Council of the City of Ottawa at its meeting held on July 7, 2011.
CARRIED