EC2025-0912

That with respect to Report EC2025-0912, the following be adopted, after amendment: That Council: Give first reading to Revised Bylaw 9B2025 (Attachment 9), being the proposed bylaw authorizing The City to amend Bylaw 7B2020 to increase the amount of borrowing authority from $10.0 million to $21.5 million for additional financing of City-owned affordable housing capital projects delivered by Calgary Housing; Give first reading to Updated Bylaw 11B2025 (as distributed), being the proposed bylaw authorizing The City to borrow up to the maximum amount of $87.525 million for financing the construction of a portfolio of affordable housing capital projects, which may include strategic project opportunities, of Calgary Housing; Give first reading to Updated Bylaw 53M2025 (as distributed), being the proposed bylaw authorizing a loan to Calgary Housing in the maximum amount of $87.525 million; Give first reading to Updated Bylaw 12B2025 (as distributed), being the proposed bylaw to authorize The City to guarantee Calgary Housings $9.0 million third party revolving loan facility and authorize The City to borrow up to $9.0 million should that guarantee be called upon; Withhold second and third readings of the attached proposed Bylaws (Revised Bylaw 9B2025, Updated Bylaw 11B2025, Updated Bylaw 53M2025 and Updated Bylaw 12B2025) until the advertising requirements set out in the Municipal Government Act, RSA 2000, c. M-26, have been met; Direct Administration to amend any existing agreements between The City and Calgary Housing, as applicable, to reflect the content of the above-referenced Bylaws in accordance with The Citys Credit Documentation Loans and Loan Guarantees Policy and Procedures; and Direct that Attachment 7 remain confidential pursuant to Sections 19 (Disclosure harmful to business interests of a third party) and 30 (Disclosure harmful to economic and other interests of a public body) of the Access to Information Act, SA 2024, c A-1.4, and review the confidential status of Attachment 7 by 2026 December 31.