Finance
and Economic Development Committee
Agenda 28
Tuesday, 6 June 2017
9:30 a.m.
Champlain Room, 110 Laurier Avenue West
Carole Legault, Coordinator, Standing Committee
613-580-2424 x28934
[email protected]
Committee
Members:
Chair: Mayor
Watson
Vice-Chair: Councillor E. El-Chantiry
Councillors: S. Blais, D. Chernushenko, D. Deans, K. Egli, J. Harder, A.
Hubley, S. Moffatt, B. Monette, M. Taylor
Simultaneous
interpretation in both official languages is available for any specific agenda
item by calling the committee information number at least 24 hours in advance
of the meeting.
Accessible formats and communication supports are
available, upon request.
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1.
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ACS2017-CCS- GEN-0017
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CITY WIDE
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That the Finance and Economic Development Committee
recommend that Council receive this report.
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2.
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ACS2017-CCS-FED-0011
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CITY WIDE
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That the Finance and Economic Development Committee receive this report
for information.
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3.
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ACS2017-CCS-FED-0010
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RIDEAU-VANIER (12)
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That the Finance and Economic Development Committee recommend Council
approve the appointments of Randy Trogler and Patricia Aramouni to the
Downtown Rideau Business Improvement Area Board of Management for the term
expiring November 30, 2018.
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4.
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ACS0271-CCS-FED-0009
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SOMERSET (14)
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That the Finance and Economic Development Committee recommend Council
approve the appointment of Vinod Chaudhary to the Bank Street Business
Improvement Area Board of Management for the term expiring November 30, 2018.
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5.
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ACS2017-CSD-FIN-0015
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CITY WIDE
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That the Finance and Economic Development Committee recommend Council:
1.
Receive this report on the results of the City’s investments for 2016,
as required by Ontario Regulation 438/97 as amended, Section 8 (1), and the
City’s Investment Policy.
2.
Approve the addition of one full time equivalent in the
Treasury Branch and increase the compensation budget by adjusting investment
revenue by $90,000.
3.
Receive the summary of changes to the Commodity Price Hedging
Policy and that the City Clerk and Solicitors office make the necessary
amendments to by-law 2008-426 as highlighted in the disposition.
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6.
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ACS2017-CSD-FIN-0014
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CITY WIDE
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That Finance and Economic Development Committee and Council receive this
report on outstanding Lease Financing Agreements as at 31 December 2016 as
required by Ontario Regulation 653/05 as amended and the City’s Capital
Financing and Debt Policy.
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7.
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ACS2017-CSD-FIN-0016
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CITY WIDE
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That the Finance and Economic Development Committee recommend Council:
1. Authorize the closing of capital projects listed in Document
1;
2. Approve the budget adjustments as detailed in Document 2;
3. Return to
source/(funding required) the following funding balances and eliminate debt
authority resulting from the closing of projects and budget adjustments:
- Tax Supported reserves $5.083 million;
- Rate Supported Reserves $21.442 million;
- Development Charge revenues ($4.135
million); and
- Debt Authority $24.105 million;
4. Permit
those projects in Document 3 that qualify for closure, to remain open; and
5. Receive
the budget adjustments in Document 4 undertaken in accordance with the
Delegation of Authority By-law 2016-369, as amended, as they pertain to
capital works.
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PLANNING, INFRASTRUCTURE
AND ECONOMIC DEVELOPMENT DEPARTMENT
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8.
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ACS2017-PIE-ISD-0002
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CITY WIDE
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That the Finance and Economic Development Committee recommend Council:
1. Receive the
update on the City’s Comprehensive Asset Management Program (CAM) as
described in this report;
2. Receive the
2017 State of Asset Report (SOAR) as described in this report and attached as
Document 1;
3. Receive the
Strategic Asset Management Plan (SAMP) as described in this report and
attached as Document 2;
4. Approve the
non-financial next steps for the Comprehensive Asset Management Program as
identified in this report.
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CORPORATE SERVICES
DEPARTMENT
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9.
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ACS2017-CSD-FIN-0017
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CITY WIDE
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That the Finance and Economic Development Committee recommend that
Council approve that in order to address the funding target as recommended in
the Comprehensive Asset Management Program report, the following funding
strategies be approved for consideration as part of future budgets:
1. That the use of
debt for tax supported capital works continue to correspond to the amount of
debt retiring and funded from the City Wide property taxation;
2. That the
contribution from taxation for the renewal of existing assets be increased
by inflation (Construction Price Index) and an additional $10.5 million in
the 2018 budget , as a priority within Council’s approved tax targets;
3. That
the annual contribution from taxation for the renewal of existing assets be
increased annually by inflation and an additional $7.8 million per year
starting in the 2019 budget for 9 years as outlined in this report;
4. That
staff continue to pursue permanent stable funding from the federal and
provincial governments for the renewal of existing assets.
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10.
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ACS2017-CSD-FIN-0013
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CITY WIDE
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That the Finance and Economic Development Committee recommend Council
receive this report for information.
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11.
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ACS2017-CSD-ITS-0002
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CITY WIDE
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That the Finance and Economic Development Committee recommend that
Council approve the transfer of $1.4M of professional services within the
Information Technology Services budget to compensation and establish 12
full-time equivalents as outlined in the report.
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12.
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ACS2017-PIE-EDP-0003
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CITY WIDE
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That the Finance and Economic Development Committee receive this report
for information.
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13.
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ACS2017-PIE-EDP-0016
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CITY WIDE
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That the Finance and Economic Development Committee recommend that
Council:
1. Receive the
2016 Economic Development Strategy Implementation Update set out in Document
1; and
2. Approve the
2017 Economic Development Priorities and Work Plan as described in this
report with details in Document 2 and 3.
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14.
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ACS2017-PIE-PS-0061
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CAPITAL (17)
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That Finance and Economic Development Committee recommend Council:
1. Approve the
Brownfield Rehabilitation Grant application submitted by Currey Properties
(852 Bank) Inc., owner of the property at 852 Bank Street, for a grant under
the Brownfield Redevelopment Community Improvement Plan Program not to exceed
a total of $313,466 for which the grant payment period will be phased over a
maximum of 10 years of development, subject to the establishment of, and in
accordance with, the terms and conditions of the Brownfield Redevelopment
Grant Agreement;
2. Delegate the
authority to the General Manager, Planning, Infrastructure and Economic
Development, to execute a Brownfields Redevelopment Grant Agreement with
Currey Properties (852 Bank) Inc., establishing the terms and conditions
governing the payment of the grant for the redevelopment of 852 Bank Street,
to the satisfaction of the General Manager, Planning, Infrastructure and
Economic Development Department, the City Clerk and Solicitor and the City
Treasurer.
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A
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ACS2017-CSD-CRE-0005
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RIDEAU-GOULBOURN (21)
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NEXT MEETING
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Tuesday, 4
July 2017
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*Notice
In Camera Items are not subject to public discussion or
audience. Any person has a right to request an independent investigation of
the propriety of dealing with matters in a closed session. A form requesting
such a review may be obtained, without charge, from the City’s website or in
person from the Chair of this meeting. Requests are kept confidential pending
any report by the Meetings Investigator and are conducted without charge to the
Requestor.
Note: 1. Please note that any written or verbal submissions
(including your name but excluding personal contact information) will form part
of the public record and be made available to City Council and the public.
2. Except
where otherwise indicated, reports requiring Council consideration will be
presented to Council on 14 June, 2017 in Finance and Economic Development
Committee Report 24.
3. Items listed
under Communications and Information Previously Distributed do not form part of
the regular Agenda and will not be discussed by the Committee unless added to
the Agenda pursuant to Subsection 89.(3) of the Procedure By-law.