Minutes

Debenture Committee

Meeting #:
Date:	Tuesday, October 01, 2019
Time:	8:30 A.m. - 9:30 A.m.
Location:	Committee Room A 17250 Yonge Street, Newmarket

Members:

• W. Emmerson,
• B. Macgregor,
• and L. Mirabella

Staff:

• C. Clark,
• E. Hankins,
• and E. Wilson

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A.

Call to Order

The meeting was called to order at 8:31 a.m. with Regional Chair Emmerson presiding.

B.

Disclosures of Interest

None

C.

Debentures

C.1

2019-51

• Moved By Bruce Macgregor
  Seconded By Laura Mirabella

  To authorize the borrowing upon additional sinking fund debentures in the principal amount of $110,000,000.00 ($30,000,000.00 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 2.65% $250,000,000.00 sinking fund debentures due April 18, 2029 issued on April 18, 2019)

  Carried

C.2

2019-52

• Moved By Bruce Macgregor
  Seconded By Laura Mirabella

  To authorize the borrowing upon additional sinking fund debentures in the principal amount of $10,000,000.00 for capital works of The Corporation of the Township of King

  (Re-opening of the 2.65% $250,000,000.00 sinking fund debentures due April 18, 2029 issued on April 18, 2019)

  Carried

C.3

2019-53

• Moved By Bruce Macgregor
  Seconded By Laura Mirabella

  To provide for the borrowing of the aggregate of the principal amounts authorized by Bylaws numbered 2019-51 and 2019-52 and for the issuing of one series of  additional sinking fund debentures therefor in the aggregate principal amount of $120,000,000.00 ($30,000,000.00 of which amount may be raised by the issue of refinancing sinking fund debentures on or before the maturity date)

  (Re-opening of the 2.65% $250,000,000.00 sinking fund debentures due April 18, 2029 issued on April 18, 2019)

  Carried

D.

Other Business

None

E.

Adjournment

The meeting adjourned at 8:57 a.m.