All motions › June 23, 2026
THAT report FIN-19-2026 regarding Long-Term Financing for Wellington Trunk Infrastructure Projects be received; THAT Council approve long-term financing of up t
2026-313
CARRIED
voice vote
THAT report FIN-19-2026 regarding Long-Term Financing for Wellington Trunk Infrastructure Projects be received; THAT Council approve long-term financing of up to $31,132,293 for the Wellington Watermain Trunk and Wellington Sanitary Sewer Trunk projects, subject to final financing terms and borrowing requirements; THAT Council waive the thirty (30) year amortization limit contained within the County’s Debt Management Policy (FIN-03) for the Wellington Watermain Trunk and Wellington Sanitary Sewer Trunk financing due to the long-term useful life and growth-related nature of the infrastructure; THAT Council approve a forty (40) year amortization period for the proposed financing due to the long-term useful life and growth-related nature of the infrastructure; and THAT a By-law to authorize the borrowing of funds for the Wellington Watermain Trunk and Wellington Sanitary Sewer Trunk projects, as listed on this agenda, be approved. Items for Consent Councillor Engelsdorfer requested that item 12.9 be lifted from the consent agenda.
No recorded vote was requested, so the minutes do not say how each member voted — only the outcome. Moving or seconding a motion is not a vote.
📄 Source minutes (PDF)