Capital Borrowing Resolution, 2008-05-20

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The following motion will be considered by Kingston City Council at its meeting to be held on May 20, 2008.

-- Kingston Electors


To the Mayor and Members of Council:

The Chief Administrative Officer reports and recommends as follows:
(1) Ontario Infrastructure Partnership Corporation (OIPC) Loan Agreement 5002

THAT, for the purposes of financing specific capital projects, Council give three readings to:
a. By-Law No. 2008-103 of the Corporation of the City of Kingston to authorize the borrowing upon serial
debentures in the principal amount of $18,532,837 towards the cost of certain capital works of the Corporation of
the City of Kingston’

b. By-Law No. 2008-104 of the Corporation of the City of Kingston to authorize the borrowing upon serial
debentures in the principal amount of $800,000 towards the cost of certain capital works of the Corporation of the
City of Kingston.

(The Report of the Commissioner of Finance and Corporate Performance (08-170) is attached as Schedule Pages
127-157)
(File No. CSU-F11-000-2008)
(See By-Law No. (5), 2008-103 and By-Law No. (6), 2008-104)