Council votes
Decision

Internal Borrowing Resolution

Carried 18 Dec 2023The vote
Topic: Environment Categories: Economic Development, Governance & Civic Engagement, Infrastructure & Public Services 1 recorded vote 18 Dec 2023

What it does

Purpose
To have Council approve an internal borrowing resolution for the portion allocated to growth for Sanitary Sewer project DCC SS44: Hammond Bay & Turner Area.
Staff report, page 1
Staff recommendation
That Council approve internal borrowing from the Development Cost Charge (DCC) City Wide Drainage Reserve Fund in the amount of $2,163,150 in 2024 to fund the Sanitary Sewer DCC project SS44: Hamond Bay & Turner Area, for a 20-year term at an interest rate of 2.0% with repayment from sewer operations.
Staff report, page 1

Votes

  1. 18 Dec 2023other
    Carried 9–0

    That Council approve internal borrowing from the Development Cost Charge (DCC) City Wide Drainage Reserve Fund in the amount of $2,163,150 in 2024 to fund the Sanitary Sewer DCC project SS44: Hamond Bay & Turner Area, for a 20-year term at an interest rate of 2.0% with repayment from sewer operations.

    The voteMinutes, page 17City vote record

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