965 McMaster Way Land Purchase and Tranquille Phase III Sanitary Main Replacement Project Municipal Security ResolutionsFinancial Services Manager HillReport – 965 McMaster Way Land Purchase and Tranquille Phase III Sanitary Main Replacement Project Municipal Security Resolutions Recommendation: That Council authorize Administration to: a) borrow from the Municipal Finance Authority of British Columbia a sum not exceeding $16,750,000, as authorized through 965 McMaster Way Loan Authorization Bylaw No. 57-4, 2025, as a short-term capital borrow until July 2027, and that the Thompson‑Nicola Regional District be requested to consent to the City’s borrowing over a 30-year term, and include the borrowing in a security issuing bylaw as part of the 2027 spring borrowing intake, at which time the short-term capital borrowing will be converted to a long-term capital borrowing b) borrow from the Municipal Finance Authority of British Columbia a sum not exceeding $9,000,000, as authorized through Tranquille Phase III Loan Authorization Bylaw No. 57-5, 2025, as a short-term capital borrowing until July 2027, and that the Thompson‑Nicola Regional District be requested to consent to the City’s borrowing over a 30-year term and include the borrowing in a security issuing bylaw as part of the 2027 spring borrowing intake, at which time the short‑term capital borrow will be converted to a long-term capital borrowing c) the Corporate Services Director to update the 2026–2030 Financial Plan accordingly

Staff recommendation/action: That Council authorize Administration to: a) borrow from the Municipal Finance Authority of British Columbia a sum not exceeding $16,750,000, as authorized through 965 McMaster Way Loan Authorization Bylaw No. 57-4, 2025, as a short-term capital borrow until July 2027, and that the Thompson‑Nicola Regional District be requested to consent to the City’s borrowing over a 30-year term, and include the borrowing in a security issuing bylaw as part of the 2027 spring borrowing intake, at which time the short-term capital borrowing will be converted to a long-term capital borrowing b) borrow from the Municipal Finance Authority of British Columbia a sum not exceeding $9,000,000, as authorized through Tranquille Phase III Loan Authorization Bylaw No. 57-5, 2025, as a short-term capital borrowing until July 2027, and that the Thompson‑Nicola Regional District be requested to consent to the City’s borrowing over a 30-year term and include the borrowing in a security issuing bylaw as part of the 2027 spring borrowing intake, at which time the short‑term capital borrow will be converted to a long-term capital borrowing c) the Corporate Services Director to update the 2026–2030 Financial Plan accordingly