Infrastructure and Corporate Services Committee

Report

8th Special Meeting of the Infrastructure and Corporate Services Committee

Monday, April 27, 2026 at 1:00 P.m. - 2:00 P.m.

Council Chambers - Please check the City website for additional meeting detail information.

The City of London is situated on the traditional lands of the Anishinaabek (AUh-nish-in-ah-bek), Haudenosaunee (Ho-den-no-show-nee), Lūnaapéewak (Len-ah-pay-wuk) and Attawandaron (Add-a-won-da-run).

We honour and respect the history, languages and culture of the diverse Indigenous people who call this territory home. The City of London is currently home to many First Nations, Métis and Inuit today.

As representatives of the people of the City of London, we are grateful to have the opportunity to work and live in this territory.

PRESENT:

Councillors H. McAlister (Chair),
S. Stevenson,
P. Van Meerbergen,
and S. Franke

ABSENT:

E. Peloza

ALSO PRESENT:

Councillor J. Pribil; S. Datars Bere, A. Abraham, A. Barbon, K. Murray, E. Skalski.

Remote Attendance: M. Galczynski, P. Lupa, K. Yeung.

The meeting is called to order at 1:00 PM; it being noted that Councillors S. Stevenson, S. Franke, and P. Van Meerbergen were in remote attendance.

1.
Disclosures of Pecuniary Interest

That it BE NOTED that no pecuniary interests were disclosed.

2.
Consent

2.1
2026 Debenture Issuance Update

1.2026-04-27 Staff Report - 2026 Debenture Issuance Update.pdf

Moved by:P. Van Meerbergen
Seconded by:S. Franke
That, on the recommendation of the Deputy City Manager, Finance Supports, the proposed by-law, as appended to the staff report dated April 27, 2026 as Appendix "A", BE INTRODUCED at the Municipal Council meeting to be held on April 28, 2026 to execute the borrowing upon serial debentures in the aggregate principal amount of $20,000,000 towards the cost of certain capital works of the Corporation of the City of London, it being noted that the City’s debenture issuance has been placed with investors and priced within the capital markets at an average all-in rate of 3.831% over a 10-year term.

Yeas: (4) P. Van Meerbergen, H. McAlister, S. Stevenson, and S. Franke
Absent: (1) E. Peloza

Motion Passed (4 to 0)