EC2025-0015

That with respect to Report EC2025-0015, the following be adopted: That Council: Give first reading to proposed Bylaws 1B2025, 2B2025, 3B2025, 4B2025, authorizing The City to borrow up to the maximum sum of $224.984 million for financing ENMAXs 2025 capital spending, as further defined by the proposed Bylaws attached to this report and summarized as: 1B2025 5 Years - $36.561 million Acquisition of Technology and Support Services; 2B2025 10 Years - $7.806 million Acquisition of Fleet Equipment and Capital Tools; 3B2025 20 Years - $7.389 million Non-Residential Development; 4B2025 25 Years - $173.228 million Electric System and Building Improvements; Give first reading to proposed Bylaw 4M2025 Authorizing Municipal Loans to ENMAX up to the maximum sum of $224.984 million to fund ENMAXs 2025 capital spending in connection with its regulated operations; Withhold second and third reading of all proposed Bylaws 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.