DocumentsOtherMar 2, 2026Pages 204–205
In Camera Resolution & Adjournment
Agenda closure items referencing the in-camera motion to close pursuant to the Community Charter and meeting adjournment.
Key facts
- In-camera motion: pursuant to s.90(1)(i) and (g) of the Community Charter (solicitor-client privilege; litigation or potential litigation)
- Sections listed on agenda for closure of meeting to the public
- Adjournment noted as final agenda item
In Camera Resolution & Adjournment
Revenue Anticipation Borrowing Bylaw
As per the term so the City’s banking agreements, the City must approve a Revenue Anticipation Borrowing Bylaw each year and forward a copy to the City’s bank.
OPTIONS:
Option 1
THAT Council give first, second and third reading of Revenue Anticipation Borrowing Bylaw No. 2277, 2026
OR Option 2
THAT Council give first, second and third reading of Revenue Anticipation Borrowing Bylaw No. 2277, 2026
with the following amendments:
a) ______________;
b) ______________;
c) __________.
SUBMITTED BY: Curtis Staniforth, Manager of Budgets and Revenue
Concurrence:
- Michael Dillabaugh, CPA, CA, Director of Finance
- Melisa Miles, Manager of Legislative Services
- Donna Petrie, Senior Manager of Communications & Economic Development
- Yari Nielsen, Director of Parks, Recreation and Facilities
- Leah Stohmann, RPP, MCIP, Director of Community Planning and Development
- Katelyn Balzer, P.Eng., Director of Engineering and Public Works
- Marie Watmough, Director of Legislative & Protective Services
- Braden Hutchins, Deputy Chief Administrative Officer
Attachments: Revenue Anticipation Borrowing Bylaw No. 2277, 2026
BYLAW NO. 2277
CITY OF LANGFORD
BYLAW NO. 2277
A BYLAW TO PROVIDE FOR THE BORROWING OF MONEY IN ANTICIPATION OF REVENUE.
WHEREAS the municipality may not have sufficient money to meet current lawful expenditures of the municipality before receipt of current year tax revenues;
AND WHEREAS it is provided by Section 177 of the Community Charter, that Council may, by bylaw, provide for the borrowing of money that may be necessary to meet current lawful expenditures;
AND WHEREAS the debt outstanding shall not exceed the total of the unpaid taxes for all purposes imposed during the current year and the money remaining due from other governments.
NOW THEREFORE the Council of the City of Langford, in open meeting assembled, ENACTS AS FOLLOWS:
The Council is hereby empowered and authorized to borrow upon the credit of the municipality, an amount or amounts not exceeding the sum of Twenty Million dollars ($20,000,000) as the same may be required and to pay interest thereon at current market rates.
All taxes of the current year when levied or so much thereof as may be necessary, shall, when collected, be used to repay the money so borrowed.
This Bylaw may be cited as "Revenue Anticipation Borrowing Bylaw No. 2277, 2026".
READ A FIRST TIME this day of March, 2026.
READ A SECOND TIME this day of March, 2026.
READ A THIRD TIME this day of March, 2026.
ADOPTED this day of March, 2026.
PRESIDING COUNCIL
(Certified Correct)
CORPORATE OFFICER