EC2023-0025

That with respect to Report EC2023-0025, the following be adopted: That Council: Give first reading to Bylaws 1B2023, 2B2023, 3B2023, 4B2023, authorizing The City of Calgary (The City) to borrow a maximum of $214.176 million for financing capital projects for ENMAX Corporation (ENMAX), and as further defined by the proposed Bylaws attached to this report and summarized as: 1B2023 5 Years - $21.977 million Acquisition of Technology and Support Services; 2B2023 10 Years - $5.598 million Acquisition of Fleet Equipment and Capital Tools; 3B2023 20 Years - $10.229 million Non-Residential Development; 4B2023 25 Years - $176.372 million Electric System and Building Improvements; Give first reading to Bylaw 1M2023 Authorizing Municipal Loans to ENMAX that The City has borrowed pursuant to Borrowing Bylaws 1B2023, 2B2023, 3B2023 and 4B2023, to a maximum sum of $214.176 million to fund the regulated operations of ENMAX; Withhold second and third readings of Bylaw 1M2023 until the advertising requirements have been met; and Should the proposed Bylaws be fully approved by Council, 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.