EC2022-1138

That with respect to Report EC2022-1138, the following be adopted: That Council: ; Give first reading to Bylaw 48M2022 (Attachment 3), being a bylaw of The City of Calgary (The City) authorizing a 5-year extension of a $6.3 million municipal loan (the Loan) that was granted to Bridge Attainable Housing Society (The Society) in accordance with a credit agreement between The City, as lender, and The Society, as borrower, dated effective 2010 September 30, which Loan, was authorized pursuant to Bylaw 45M2010; Withhold second and third reading of Bylaw 48M2022 until the advertising requirements set out in the Municipal Government Act, RSA 2000, c. M-26, have been met; Direct Administration to enter into and execute all necessary amendments to the existing credit agreement(s), security documents and inter-creditor agreements, together with all documents and agreements required to support the extension of the Loan for a period of 5 years; Direct Administration to ensure that all such amendments, documents and agreements are executed in accordance with the Credit Documentation Loans and Loan Guarantees Policy as applicable; and Direct that Attachment 2 remains confidential pursuant to Sections 16 (Disclosure harmful to business interests of a third party), 24 (Advice from officials), and 25 (Disclosure harmful to economic and other interests of a third party) of the Freedom of Information and Protection of Privacy Act, RSA 2000, c. F-25, and that it be reviewed by no later than 2028 September 30.