Members of Council and Staff: Please keep this agenda and the accompanying material until the City Council meeting dealing with these matters has ended. The City Clerk’s Office will not provide additional copies.

Special Assistance for Members of the Public: City staff can arrange for special assistance with some advance notice. If you need special assistance, please call (416-392-9151), TTY 416-338-0889 or e-mail jgerrar@toronto.ca.

Closed Meeting Requirements: If the Debenture Committee wants to meet in closed session (privately), a Member of the Committee must make a motion to do so and give the reason why the Committee has to meet privately. (City of Toronto Act, 2006)

Notice to people writing or making presentations to the Debenture Committee: The City of Toronto Act, 2006 and the City of Toronto Municipal Code authorize the City of Toronto to collect any personal information in your communication or presentation to City Council or its committees.

The City collects this information to enable it to make informed decisions on the relevant issue(s). If you are submitting letters, faxes, e-mails, presentations or other communications to the City, you should be aware that your name and the fact that you communicated with the City will become part of the public record and will appear on the City’s website. The City will also make your communication and any personal information in it – such as your postal address, telephone number or e-mail address – available to the public, unless you expressly request the City to remove it.

The City videotapes committee and community council meetings. If you make a presentation to a committee or community council, the City will be videotaping you and City staff may make the video tapes available to the public.

If you want to learn more about why and how the City collects your information, write to the City Clerk's Office, City Hall, 100 Queen Street West, Toronto ON M5H 2N2 or by calling 416-392-9151.

Declarations of Interest under the Municipal Conflict of Interest Act.

Confirmation of Minutes - June 29, 2010

Communications/Reports

This report requests that the necessary Bills be introduced and adopted by the Debenture Committee at its meeting to be held on August 19, 2010 to give effect to the issuance of sinking fund debentures in the amount of $200 million that were syndicated and sold in the domestic capital market on August 12, 2010 and will be issued on August 20, 2010.  The debentures were issued with a term of 30 years, in keeping with the strategy adopted by Council for financing the 2010-2019 Capital Budget and Plan.

The annualized debt charges of $14 million associated with the $200 million debenture issue will be included in the City’s 2011 operating budget in the Non-Program Corporate and Capital Financing account.