Debenture Committee

Minutes

Meeting #:
4
Date:
Time:
-
Location:
Champlain Room, 110 Laurier Avenue West, and by electronic participation
Present:
  • Chair: Mayor Mark Sutcliffe, 
  • Vice-Chair: Councillor Catherine Kitts, 
  • Wendy Stephanson, City Manager, 
  • and Cyril Rogers, Chief Financial Officer and Treasurer 

1.
Notices and meeting information for meeting participants and the public

 

Notices and meeting information are attached to the agenda and minutes, including: availability of simultaneous interpretation and accessibility accommodations; in camera meeting procedures; information items not subject to discussion; personal information disclaimer for correspondents and public speakers; notices regarding minutes; and hybrid participation details.


Accessible formats and communication supports are available, upon request.


The deadline to register by phone to speak, or submit written comments or visual presentations is 4 pm on Thursday, 27 November 2025, and the deadline to register to speak by email is 7:30 am on Friday, 27 November 2025.

These “Summary Minutes” indicate the disposition of items and actions taken at the meeting. This document does not include all of the text that will be included in the full Minutes, such as the record of written and oral submissions. Recorded votes and dissents contained in the Summary Minutes are draft until the full Minutes of the meeting are confirmed by the Committee. The draft of the full Minutes (for confirmation) will be published with the agenda for the next regular Committee meeting and, once confirmed, will replace this document.

2.
Declarations of Interest

 

No Declarations of Interest were filed.

3.
Confirmation of Minutes

 

4.
Finance and Corporate Services Department

 

4.1
By-law to Authorize a $250 Million Debenture Issue

This item has attachments. 
1.Report - By-law to Authorize a $250 Million Debenture Issue.pdf
2.Document 1 - Debenture By-law authorizing the issue of a $250 million debenture.pdf

File No. ACS2025-FCS-FIN-0010 - Citywide

  • Report Recommendation(s)

    That the Debenture Committee enact a Debenture By-law substantially in the form attached as Document 1 to authorize the issuance of a debenture in the total principal amount of $250 million.

    Carried

4.2
Enactment of By-Law

 
  • Motion No. DC2025-04-01
    Moved byC. Kitts

    That the following By-law of the City of Ottawa be given three readings and enact-ed by the Debenture Committee in accordance with its delegated authority:

    BY-LAW NO. 2025-465 - A by-law of the City of Ottawa to authorize the borrowing upon sinking fund debentures in the aggregate principal amount of $250,000,000.00 towards the cost of certain capital works of the City of Ottawa.

    Carried

4.3
Enactment of Confirmation By-Law

 
  • Motion No. DC2025-04-02
    Moved byC. Kitts

    That the following By-law of the City of Ottawa be given three readings and enact-ed by the Debenture Committee in accordance with its delegated authority:

    BYLAW - THREE READINGS

    BY-LAW NO. 2025-466    - 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 28 November 2025.

    Carried

5.
In Camera Items

 

There were no in camera items.

6.
Inquiries

 

There were no Inquiries.

7.
Other Business

 

There was no other business.

8.
Adjournment

 

Next Meeting


To be determined.

The meeting adjourned at 8:40 am.

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