That, on the recommendation of the Managing Director, Corporate Services and City Treasurer, Chief Financial Officer, the following actions be taken with respect to the 2021 Debenture Issuance:
a) the issuance of serial debentures for a total of $23,000,000 BE APPROVED, noting the average all-in rate is 1.819% over a 10-year term; and,
b) the proposed by-law appended to the staff report dated April 12, 2021 as Appendix "A", BE INTRODUCED at the Municipal Council meeting on April 13, 2021 to authorize the borrowing upon serial debentures in the aggregate principal amount of $23,000,000 towards the cost of certain capital works of the Corporation of the City of London.