need debt? welcome to the blockchain · 10/18/2019  · cao ~ town of innisfil. [email protected]...

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Need Debt? Welcome to the Blockchain Jason Reynar, B.A. (Hons.), LL.B., LL.M., M.B.A., Acc.Dir. CAO ~ Town of Innisfil [email protected] ~ 705.436.3740 x1201 October 18, 2019

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Page 1: Need Debt? Welcome to the Blockchain · 10/18/2019  · CAO ~ Town of Innisfil. jreynar@innisfil.ca ~ 705.436.3740 x1201. October 18, 2019. Jason Reynar – jreynar@innisfil.ca. The

Need Debt?

Welcome to the BlockchainJason Reynar, B.A. (Hons.), LL.B., LL.M., M.B.A., Acc.Dir.

CAO ~ Town of [email protected] ~ 705.436.3740 x1201

October 18, 2019

Page 2: Need Debt? Welcome to the Blockchain · 10/18/2019  · CAO ~ Town of Innisfil. jreynar@innisfil.ca ~ 705.436.3740 x1201. October 18, 2019. Jason Reynar – jreynar@innisfil.ca. The

Jason Reynar – [email protected]

Page 3: Need Debt? Welcome to the Blockchain · 10/18/2019  · CAO ~ Town of Innisfil. jreynar@innisfil.ca ~ 705.436.3740 x1201. October 18, 2019. Jason Reynar – jreynar@innisfil.ca. The
Page 4: Need Debt? Welcome to the Blockchain · 10/18/2019  · CAO ~ Town of Innisfil. jreynar@innisfil.ca ~ 705.436.3740 x1201. October 18, 2019. Jason Reynar – jreynar@innisfil.ca. The

The Ask:

Pilot a blockchain municipal bond

offering with Innisfil.

Jason Reynar – [email protected]

Page 5: Need Debt? Welcome to the Blockchain · 10/18/2019  · CAO ~ Town of Innisfil. jreynar@innisfil.ca ~ 705.436.3740 x1201. October 18, 2019. Jason Reynar – jreynar@innisfil.ca. The

Jason Reynar – [email protected]

Page 6: Need Debt? Welcome to the Blockchain · 10/18/2019  · CAO ~ Town of Innisfil. jreynar@innisfil.ca ~ 705.436.3740 x1201. October 18, 2019. Jason Reynar – jreynar@innisfil.ca. The
Page 7: Need Debt? Welcome to the Blockchain · 10/18/2019  · CAO ~ Town of Innisfil. jreynar@innisfil.ca ~ 705.436.3740 x1201. October 18, 2019. Jason Reynar – jreynar@innisfil.ca. The

Jason Reynar – [email protected]

Page 8: Need Debt? Welcome to the Blockchain · 10/18/2019  · CAO ~ Town of Innisfil. jreynar@innisfil.ca ~ 705.436.3740 x1201. October 18, 2019. Jason Reynar – jreynar@innisfil.ca. The
Page 9: Need Debt? Welcome to the Blockchain · 10/18/2019  · CAO ~ Town of Innisfil. jreynar@innisfil.ca ~ 705.436.3740 x1201. October 18, 2019. Jason Reynar – jreynar@innisfil.ca. The
Page 10: Need Debt? Welcome to the Blockchain · 10/18/2019  · CAO ~ Town of Innisfil. jreynar@innisfil.ca ~ 705.436.3740 x1201. October 18, 2019. Jason Reynar – jreynar@innisfil.ca. The
Page 11: Need Debt? Welcome to the Blockchain · 10/18/2019  · CAO ~ Town of Innisfil. jreynar@innisfil.ca ~ 705.436.3740 x1201. October 18, 2019. Jason Reynar – jreynar@innisfil.ca. The
Page 12: Need Debt? Welcome to the Blockchain · 10/18/2019  · CAO ~ Town of Innisfil. jreynar@innisfil.ca ~ 705.436.3740 x1201. October 18, 2019. Jason Reynar – jreynar@innisfil.ca. The

Key Building Blocks:

a) ≤ 2% annual interest (i.e. as good as, or better than, I.O. rates)

b) Short-term (3-5 years)

c) Minimal transaction costs

Jason Reynar – [email protected]

Page 13: Need Debt? Welcome to the Blockchain · 10/18/2019  · CAO ~ Town of Innisfil. jreynar@innisfil.ca ~ 705.436.3740 x1201. October 18, 2019. Jason Reynar – jreynar@innisfil.ca. The
Page 14: Need Debt? Welcome to the Blockchain · 10/18/2019  · CAO ~ Town of Innisfil. jreynar@innisfil.ca ~ 705.436.3740 x1201. October 18, 2019. Jason Reynar – jreynar@innisfil.ca. The

• Draft staff report

• Draft blockchain host agreement

• Preliminary legal opinion & risk analysis

Jason Reynar – [email protected]

Page 15: Need Debt? Welcome to the Blockchain · 10/18/2019  · CAO ~ Town of Innisfil. jreynar@innisfil.ca ~ 705.436.3740 x1201. October 18, 2019. Jason Reynar – jreynar@innisfil.ca. The

Jason Reynar – [email protected]

Page 16: Need Debt? Welcome to the Blockchain · 10/18/2019  · CAO ~ Town of Innisfil. jreynar@innisfil.ca ~ 705.436.3740 x1201. October 18, 2019. Jason Reynar – jreynar@innisfil.ca. The

Jason Reynar – [email protected]