April 12, 2021, at 12:00 PM
Present:
M. Cassidy, M. van Holst, J. Morgan, E. Peloza, A. Kayabaga, E. Holder
Also Present:
S. Hillier, L. Livingstone, B. Card, M. Galczynski, K. Murray, M. Ribera, C. Saunders, M. Schulthess, B. Westlake-Power
Remote Attendance:
The meeting is called to order at 12:00 PM, it being noted that M. van Holst was in the Chair, that the following Members were in E. Holder, M. Cassidy, J. Morgan, E. Peloza, A. Kayabaga.
That it BE NOTED that no pecuniary interests were disclosed.
None.
None.
4.1 2021 Debenture Issuance Report #2
2021-04-12 Staff Report - 2021 Debenture Issuance Report 2
Moved by M. Cassidy
Seconded by E. Peloza
That, on the recommendation of the Managing Director, Corporate Services and City Treasurer, Chief Financial Officer, the following actions be taken with respect to the 2021 Debenture Issuance:
a) the issuance of serial debentures for a total of $23,000,000 BE APPROVED, noting the average all-in rate is 1.819% over a 10-year term; and,
b) the proposed by-law appended to the staff report dated April 12, 2021 as Appendix “A”, BE INTRODUCED at the Municipal Council meeting on April 13, 2021 to authorize the borrowing upon serial debentures in the aggregate principal amount of $23,000,000 towards the cost of certain capital works of the Corporation of the City of London.
Vote:
Yeas: A. Kayabaga E. Peloza E. Holder M. van Holst M. Cassidy,J. Morgan
Motion Passed (6 to 0)
None.
Moved by E. Peloza
Seconded by M. Cassidy
That the meeting be adjourned.
Motion Passed
The meeting adjourned at 12:10 PM.
Votes
1 substantive vote at this meeting (0 contested, 1 unanimous). Procedural motions excluded.
4.1. 2021 Debenture Issuance Report #2
That, on the recommendation of the Managing Director, Corporate Services and City Treasurer, Chief Financial Officer, the following actions be taken with respect to the 2021 Debenture Issuance: a) the issuance of serial debentures for a total of $23,000,000 BE APPROVED, noting the average…
✅ Motion Passed (6 to 0)
Unanimous (4-0)