2014-08-25_Agenda Packet--Dossier de l'ordre du jourr.
City of Saint John
Common Council Meeting
AGENDA
Monday, August 25, 2014
6:30 pm
Council Chamber
Please use Chipman Hill entrance
S'il vous plait utiliser 1'entree Chipman Hill
Si vous avez besoin des services en francais pour une reunion de Conseil communal, veuillez contacter le
bureau du greffier communal au 658 -2862.
1. Call to Order - Prayer
2. Approval of Minutes
3. Approval of Agenda
4. Disclosures of Conflict of Interest
5. Consent Agenda
6. Members Comments
7. Proclamation
8. Delegations / Presentations
9. Public Hearings - 6:30 p.m.
10. Consideration of By -laws
11. Submissions by Council Members
12. Business Matters - Municipal Officers
12.1 Capital Financing
13. Committee Reports
14. Consideration of Issues Separated from Consent Agenda
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Pages
2 -4
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15. General Correspondence
16. Supplemental Agenda
17. Committee of the Whole
18. Adjournment
City of Saint John
Common Council Meeting
Monday, August 25, 2014
Committee of the Whole
1. Call to Order
Si vous avez besoin des services en frangais pour une reunion de Conseil communal, veuillez
contacter le bureau du greffier communal au 658 -2862.
Each of the following items, either in whole or in part, is able to be discussed in private pursuant
to the provisions of subsection 10.(2)(4) of the Municipalities Act and Council / Committee will
make a decision(s) in that respect in Open Session:
4:30 p.m. Ludlow Room, 8t" Floor City Hall
1.1 Land Matter 10.2(4)(d)
1.2 Land Matter 10.2(4)(d)
REPORT TO COMMON COUNCIL
M & C — 2014 -146
August 19, 2014
His Worship Mayor Mel Norton and
Members of Common Council
Your Worship and Councillors:
SUBJECT: CAPITAL FINANCING
BACKGROUND:
City of Saint John
The attached Notice of Motion has been prepared as a first step in the
permanent financing of certain Capital Projects and to refinance
Debentures issued in 2004. The purpose of the issue is summarized on
the attached schedule.
The giving of this Notice of Motion does not commit the City to any further
action. It does, however, place the City in a position to take action after
the expiry of 30 days at such time as bond market conditions and
opportunities permit.
At this stage, it is not necessary to set limits with respect to the coupon
rate or the terms for which bonds are to be issued. These will be
established at a later date and will be related to the market conditions at
that time.
Respectfully submitted,
Gregory J. Yeomans, CGA, MBA
Commissioner of Finance and Administrative Services
J. Patrick Woods, CGA
City Manager
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M & C — 2014 -146
August 19, 2014
-2-
NOTICE OF MOTION
His Worship the Mayor gave the following Notice of Motion. "I do hereby
give Notice that I will, at a meeting of Common Council held after the
expiration of thirty days from this day, move or cause to be moved, the
following resolution:
Namely,
RESOLVED that occasion having arisen in the public interest for
the following Public Civic Works and needed Civic Improvements,
that is to say:
(Details to be read from "Purpose of the Issue ")."
THEREFORE RESOLVED that debentures be issued under provisions of
the Acts of Assembly 52, Victoria, Chapter 27, Section 29 and
amendments thereto, to the amount of $ 16,900,000.
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M & C — 2014 -146
August 19, 2014
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The City of Saint John
Proposed issue of Debentures
To Be Dated On or after September 25, 2014
Purpose of Issue
GENERALFUND
General Government
$
250,000
Protective Services
$
1,000,000
Transportation Services
$
500,000
Economic Development
$
1,250,000
Parks and Recreation
$
1,000,000
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WATER & SEWERAGE UTILITY
Water System $ 2,000,000
Wastewater System $ 2,000,000
� 111 111
REFINANCE DEBENTURES
Debenture No. AR 11 -2004 $ 3,940,000
(General Fund — 5 years)
Debenture No. AR 12 -2004 $ 4,680,000
(Water & Sewerage — 10 years)
Debenture No. AR 13 -2004 $ 280,000
(Transit Commission — 5 years)
8.900.000
TOTAL $ 16,900,000
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