{MotionMover:Title First Last} moved, in amendment, seconded by {MotionSeconder:Title First Last}, that City Council:

1. Approve Option 2 - the City's request to the Saskatchewan Municipal Board to establish the City of Regina's  debt limit increase equivalent to 85% of its 2022 Consolidated revenues or $660 million from the current limit of $450 million pursuant to Section 133 of The Cities Act and Subsection 23(2) of The Municipal Board Act; and

2. Delegate authority to the Executive Director, Financial Strategy & Sustainability to apply to the Saskatchewan Municipal Board on behalf of the City for an increased debt limit equivalent to 85% of its 2022 Consolidated revenues or $660 million and submit any documents or applications required for the purpose of supporting the application.