EC2026-0015

That with respect to Report EC2026-0015, the following be adopted: That Council: Give three readings to proposed Bylaws 1B2026, 2B2026, 3B2026, 4B2026 - Authorizing The City to borrow up to the maximum sum of $251.0 million for financing ENMAXs 2026 capital spending, as further defined by the proposed Bylaws attached to this report and summarized as: 1B2026 5 Years - $20.553 million Acquisition of Technology and Support Services; 2B2026 10 Years - $11.583 million Acquisition of Fleet Equipment and Capital Tools; 3B2026 15 Years - $16.235 million Regulated Market Services Developments; 4B2026 30 Years - $202.629 million Electric System and Building Improvements; Give three readings to proposed Bylaw 1M2026 Authorizing lending by The City to ENMAX up to the maximum sum of $251.0 million to fund ENMAXs 2026 capital spending in connection with its regulated operations; and Direct Administration to amend any existing agreements between The City and ENMAX, as applicable, and in accordance with the Credit Documentation Loans and Loan Guarantees Policy and Procedures.