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 (416-392-8021), TTY 416-338-0889 or e-mail rmacken@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 416-392-8021.

Declarations of Interest under the Municipal Conflict of Interest Act.

Confirmation of Minutes - September 29, 2009

Communications/Reports

The Deputy City Manager and Chief Financial Officer recommends that:

1.                Recommendation 2 of the report dated August 26, 2009 from the Chief Executive Officer of Exhibition Place referred to the Debenture Committee by the Executive Committee at its meeting of September 8, 2009, be received for information.

2.                The Debenture Committee approve the issue of a twenty year amortizing debenture in a maximum aggregate principal amount of $2.0 Million to FCM, in accordance with the terms and conditions set out in the Loan Agreement entered into by the Mayor, the Deputy City Manager and Chief Financial Officer and the City Clerk dated August 18, 2009, and in accordance with this report.

3.                Authority be granted for the introduction of the necessary bills to the Debenture Committee to authorize the issue of the debenture described in Recommendation 2.

4.               The Debenture Committee authorize the appropriate City officials to take the necessary actions to give effect thereto.

The Executive Committee on September 8, 2009,  referred the following Recommendation 2 contained in the report (August 26, 2009) from the Chief Executive Officer, Exhibition Place, entitled "Capital Loan and Grant from the Federation of Canadian Municipalities for the Allstream Centre at Exhibition Place", to the Debenture Committee:

"It is recommended that City Council:

2.         At the Board of Governors request, authorize:

            a.         the Deputy City Manager and Chief Financial Officer to enter into an agreement with FCM, for the issuance and sale of a ten year amortizing debenture in a maximum aggregate principal amount of $2.0M, such agreement be on terms and conditions satisfactory to the Deputy City Manager and Chief Financial Officer of the Board in consultation with the City Solicitor;

b.         the Deputy City Manager and Chief Financial Officer and the Mayor to issue the debenture to FCM on behalf of the City and the Board of Governors; and

c.         the introduction of the necessary bills in Council to give effect thereto."

The Deputy City Manager and Chief Financial Officer recommends that:

1.                  The Debenture Committee approve the issuance of a three-year amortizing debenture in a maximum aggregate principal amount of $187,500 to FCM, in accordance with the terms and conditions set out in the Loan Agreement entered into by the Mayor, the Deputy City Manager and Chief Financial Officer and the City Clerk, dated November 9, 2009 and in accordance with this report.

2.                  Authority be granted for the introduction of the necessary bills at the meeting of the Debenture Committee to authorize the issuance of the debenture described in Recommendation 1.

3.                  The Debenture Committee authorize the appropriate City officials to take the necessary actions to give effect thereto.