Special Council Meeting - Budget · January 22, 2025 · Item 3.
Confirm that, subject to the satisfaction of the City Treasurer and City Solicitor…
Main motion under the agenda item The Elliott Fixed-Term Loan Update - 2025-11
Carried (11 to 0)
11 in favour, 0 against — unanimous
What was voted on
The motion in its exact words, as recorded in the minutes.
That Council confirm that, subject to the satisfaction of the City Treasurer and City Solicitor, City staff are authorized to execute a fixed-term loan agreement with The Elliott for the 29-bed long-term care expansion project, in the principal amount of approximately $2.5 million.
Moved by Councillor Goller, seconded by Councillor Caron.
How the room voted
In favour (11)
- Allt
- Billings
- Busuttil
- Caron
- Caton
- Chew
- Downer
- Gibson
- Goller
- Guthrie
- O'Rourke
What council was given
The staff reports and correspondence attached to this item. The summaries are written automatically, so you can tell what a document is without opening a ninety-page PDF.
- The Elliott Fixed-Term Loan Update - 2025-11.pdf
Council is asked to confirm that staff may sign a fixed-term loan with The Elliott for about $2.5 million to help finance its 29-bed long-term care expansion, up from the $1.9 million estimated when Council approved the financing in February 2023. The Elliott says provincial Construction Funding Subsidy payments will cover the loan payments, so there is no budget impact for the city.
A summary is this site’s description of a document, not the City’s. Open the document before relying on one.
What was said
51 words from the meeting recording, transcribed automatically. Times are from the start of the recording.
Read the debate(click to open)
3:01:25yeah okay is there anything more before I just call the vote on these no okay I'll call the vote
3:01:33is anyone against the outside board budgets nobody so that's unanimous thank you very much
3:01:44bylaws councillor orc I have you down there for bylaws please that bylaw 2025-21032 be approved
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The motion, the vote and the debate come from the City of Guelph’s published record, reproduced rather than interpreted. The document summaries above are the exception: those words were written for this site.