TAMRMS#: B06
9.5
title
Bylaw 19/2022 - to amend Guarantee Bylaw 39/2021 - Edmonton Metropolitan Transit Services Commission (1st reading)
Presented by: Councillor Joly
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COMMUNITY AND GROWTH INFRASTRUCTURE COMMITTEE APPROVED MOTION
recommendation
That the Community Growth & Infrastructure Standing Committee recommend to Council that Bylaw 19/2022, to amend Bylaw 39/2021 the Edmonton Metropolitan Transit Services Commission Loan Guarantee Bylaw, be passed in order to increase the loan guarantee amount from a maximum of $1,700,000 to a maximum of $2,366,700.
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RECOMMENDED COUNCIL MOTION
recommendation
That Bylaw 19/2022, to amend Bylaw 39/2021 the Edmonton Metropolitan Transit Services Commission Loan Guarantee Bylaw, be read a first time.
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PURPOSE OF REPORT
The purpose of this report is to bring to Council a recommended motion for first reading of a bylaw, arising from an item on the Agenda of the April 11, 2022 meeting of the Community Growth and Infrastructure Standing Committee.
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Report Date: April 19, 2022
Standing Committee: Community Growth and Infrastructure