I.

DISCLOSURES OF PECUNIARY INTEREST

1.

None are disclosed.

II.

SCHEDULED ITEMS

2.

Election of Vice-Chair for term ending November 30, 2012

Recommendation:  That Councillor P. Hubert BE ELECTED as Vice Chair of the Finance and Administrative Services Committee for the term ending November 30, 2012.

III.

CONSENT ITEMS

3.

Book Entry Only Securities Service Agreement

Recommendation:  That, on the recommendation of the City Treasurer, Chief Financial Officer, the following actions be taken regarding the Book Entry Only Securities – Service Agreement between The Corporation of the City of London and CDS Clearing and Depository Services Inc. (“CDS”):

(a)    the attached proposed by-law (Appendix A) BE INTRODUCED at the Municipal Council meeting on December 6, 2011, to approve requiring a bond of indemnification from CDS as a condition of issuing replacement debentures;

(b)    the attached proposed by-law (Appendix B) BE INTRODUCED at the Municipal Council meeting on December 6, 2011, to authorize the Book Entry Only Securities – Service Agreement and Rider 1 (Municipalities) between The Corporation of the City of London and CDS; and

(c)    the Mayor and the City Clerk BE AUTHORIZED to execute the Book Entry Only – Securities Services Agreement and Rider 1 (Municipalities), attached as Schedule 1, and any associated documents with CDS.

4.

Capital Markets Debenture Issue Update

Recommendation:  That, on the recommendation of the City Treasurer, Chief Financial Officer, the following actions be taken with respect to the Capital Markets Debenture Issue:

(a)       the issue of a ten-year serial debenture for $63,400,000, reflecting an average all in rate of 2.887% to close on December 15, 2011, BE CONFIRMED; and

(b)       the attached proposed By-law D.-765-16 BE INTRODUCED at the Municipal Council meeting of December 6, 2011 for three readings to authorize the borrowing upon serial debentures for a ten-year term in the amount of $63,400,000 towards the cost of certain capital works of The Corporation of the City of London.

5.

Ontario Infrastructure and Lands Corporation (OILC) Debenture Issue Update

Recommendation:  That, on the recommendation of the City Treasurer, Chief Financial Officer the following actions be taken with respect to the Ontario Infrastructure and Lands Corporation (OILC) Debenture Issue:

(a)       the issue of a ten-year serial debenture for $52,809,914, reflecting an offering yield of 2.86%, to the Ontario Infrastructure and Lands Corporation (OILC), to close on December 15, 2011, BE CONFIRMED; and

(b)       the attached proposed By-law D.-764-15 BE INTRODUCED at the Municipal Council meeting of December 6, 2011 for three readings to authorize the borrowing upon serial debentures for a ten-year term in the amount of $52,809,914 towards the cost of certain capital works of The Corporation of the City of London.

IV.

ITEMS FOR DIRECTION

V.

DEFERRED MATTERS/ADDITIONAL BUSINESS

VI.

CONFIDENTIAL

VII.

ADJOURNMENT

The meeting adjourned at 4:12 p.m.