Debt Management Policy By-law

BY-LAW Number: 
2017-058
Summary: 

BEING A BY-LAW TO ESTABLISH A DEBT MANAGEMENT POLICY


NOTICE:

For a complete version of this document, including all related materials, download the attached PDF:

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BL2017-058 Debt Management Policy.pdf870.81 KB
WHEREAS section 5(3) oftheMunicipalAct,2001,S.O.2001c.25,asamended,provides that a municipal power shall be exercised by by-law;
 
ANDWHEREAS Council wishes to implement a policy with respect to capital financing and the management of debt;
 
NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE TOWNOF COLLINGWOODHEREBYENACTSASFOLLOWS:
 
1.    THAT the Policy entitled “Debt Management Policy” appended hereto as Schedule “A” is hereby approved and adopted.
 
2.    THAT the “Debt Management Policy” approved by Council Resolution No. 500 on October 4, 2010 be hereby rescinded.
 
3.    THAT this By-law shall come into full force and effect on the date of final passage hereof at which time all By-laws and/or resolutions that are inconsistent with the provisions of this By-law and the same are hereby repealed or rescinded insofar as it is necessary to give effect to the provisions of this By-law.
 
ENACTED AND PASSED this 21st day of August, 2017.
 
 
 
___________________________
MAYOR
 
 
 
___________________________
CLERK
AttachmentSize
BL2017-058 Debt Management Policy.pdf870.81 KB