[Report No. 2 of the Debenture Committee was adopted without amendment, by the Council of The Regional Municipality of York at its meeting on November 19, 2015.]
The Regional Municipality of York
Report No. 2 of the
Debenture Committee
Meeting Held on November 3, 2015
[Accessible formats or communication supports are available upon request
Contact: Regional Clerk’s Office, @email, 18774649675 extension 71320]
The Debenture Committee meeting was called to order at 8:34 a.m. on November 3, 2015.
The following were in attendance:
Chair:
Regional Chair W. Emmerson
Members:
B. Hughes, B. Macgregor
Staff:
C. Clark, E. Hankins, E. Wilson
Debentures
The Committee considered and enacted the following bylaws:
[Click on the numbers of the following Bylaws to view the items]
1. Bylaw No. 2015-60
To authorize the borrowing upon additional sinking fund debentures in the principal amount of $144,000,000.00 ($50,000,000.00 of which amount may be raised by the issue of refinancing sinking fund debentures on or before the maturity date) for capital works of The Regional Municipality of York
(Re-opening of the 2.60% $150,000,000.00 sinking fund debentures due December 15, 2025 issued on June 15, 2015)
Carried
2. Bylaw No. 2015-61
To authorize the borrowing upon additional sinking fund debentures in the principal amount of $6,000,000.00 for a capital work of The Corporation of the Township of King
(Re-opening of the 2.60% $150,000,000.00 sinking fund debentures due December 15, 2025 issued on June 15, 2015)
Carried
3. Bylaw No. 2015-62
To provide for the borrowing of the aggregate of the principal amounts authorized by Bylaws numbered 2015-60 and 2015-61 and for the issuing of one series of additional sinking fund debentures therefor in the aggregate principal amount of $150,000,000.00 ($50,000,000.00 of which amount may be raised by the issue of refinancing sinking fund debentures on or before the maturity date)
(Re-opening of the 2.60% $150,000,000.00 sinking fund debentures due December 15, 2025 issued on June 15, 2015)
Carried
The Debenture Committee meeting adjourned at 9:02 a.m.
Respectfully submitted,
November 3, 2015 W. Emmerson
Newmarket, Ontario Chair
C. Clark
(905) 830-4444 x71305
