To be introduced by Shelley Legin, General Manager, Corporate Services.
Purpose: To have Council approve an internal borrowing resolution for the portion allocated to growth for Sanitary Sewer project DCC SS19: Millstone Trunk South.
Recommendation: That Council approve additional internal borrowing from the Development Cost Charge (DCC) City Wide Drainage Reserve Fund in the amount of $672,600 in 2020 to fund the Sanitary Sewer DCC project SS19: Millstone Trunk South, for a 20-year term at an interest rate of 2%. Repayment of the internal borrowing to be from sewer operations.