Recorded votes on PFC2021-0176
Bylaw reading at the Priorities and Finance Committee, March 16, 2021. Carried 9–0.
Resolution
That with respect to Report PFC2021-0176, the following be approved: The Priorities and Finance Committee recommend that Council: Give first reading to Bylaw 7B2021 (Attachment 2), authorizing The City to incur indebtedness by the issuance of debentures in the amount of $85 million for financing capital projects for the Calgary Municipal Land Corporation; Give first reading to Bylaw 19M2021 (Attachment 3), being a bylaw authorizing loans in the amount of $85 million to Calgary Municipal Land Corporation; Withhold second and third reading until the advertising requirements have been met; Direct Administration to amend any existing agreements between The City and Calgary Municipal Land Corporation as applicable and in accordance with the Credit Documentation Loans and Loan Guarantees Policy and Procedures; and Forward this report to the 2021 March 22 Combined Meeting of Council as an item of Urgent Business.
How each member voted
| Seat | Member | Vote |
|---|---|---|
| Mayor | Naheed Nenshi | Yes |
| Ward 1 | Ward Sutherland | Yes |
| Ward 3 | Jyoti Gondek | Yes |
| Ward 4 | Sean Chu | Yes |
| Ward 7 | Druh Farrell | Yes |
| Ward 8 | Evan Woolley | Yes |
| Ward 9 | Gian-Carlo Carra | Yes |
| Ward 12 | Shane Keating | Yes |
| Ward 13 | Diane Colley-Urquhart | Yes |
Recorded votes on PFC2021-0176
| Meeting | Motion | Result |
|---|---|---|
Mar 16, 2021 (this vote) Priorities and Finance Committee | Bylaw reading The Priorities and Finance Committee recommend that Council: Give first reading to Bylaw 7B2021 (Attachment 2), authorizing The City to incur indebtedness by the issuance of debentures in the amoun… | Carried 9–0 |
Mar 22, 2021 Combined Meeting of Council | Bylaw reading Give first reading to Proposed Bylaw 7B2021 (Attachment 2), authorizing The City to incur indebtedness by the issuance of debentures in the amount of $85 million for financing capital projects for… | Carried 14–0 |