September 20, 2016, at 12:03 PM

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1.   Disclosures of

Pecuniary Interest

That it BE NOTED that Councillor T. Park disclosed a pecuniary interest in clause 7 of this Report, having to do with the Tax Adjustment Agenda, by indicating that her brother has an interest in the property related to Application No. 2016-9.

2.   STAFF REPORT -

Community Safety and Crime Prevention Advisory Committee Amendment to Terms of Reference

That, on the recommendation of the City Clerk, the Terms of Reference for the Community Safety and Crime Prevention Advisory Committee BE AMENDED, effective October 1, 2016, by deleting the provision for a Voting Member from the Council for London Seniors and by increasing the number of Voting Members-at-Large from 3 to 4.

Motion Passed

Motion Passed

3.   STAFF REPORT - City

of London’s Credit Rating

That, on the recommendation of the Managing Director, Corporate Services and City Treasurer, Chief Financial Officer, the staff report dated September 20, 2016, regarding the City of London’s Aaa credit rating, BE RECEIVED for information.

Motion Passed

Motion Passed

4.   STAFF REPORT - 2016

Operating Budget Mid-Year Monitoring Report - Property Tax, Water, Wastewater & Treatment Budgets

That, on the recommendation of the Managing Director, Corporate Services and City Treasurer, Chief Financial Officer, the following actions be taken:   a)         the 2016 Operating Budget Mid-Year Monitoring Report for the Property Tax Supported (Appendix A of the staff report dated September 20, 2016), Water, and Wastewater and Treatment Budgets BE RECEIVED for information; it being noted that Civic Administration is projecting:     i)          a Property Tax Supported Budget surplus of $4.5m as identified by Civic Administration and Boards and Commissions; it being noted that the year-end position could fluctuate significantly based on factors beyond the control of Civic Administration such as Ontario Works caseload pressures, winter maintenance conditions and mandatory community improvement plan program incentives. ii)         a Water Rate Supported Budget surplus of $301k. iii)         a Wastewater and Treatment Rate Supported Budget surplus of $64k.   b)         with respect to the Housing Development Corporation operational savings at year-end, if any, the Civic Administration BE AUTHORIZED to contribute to the Housing Development Corporation Reserve Fund which will be used to support housing initiatives and future work with the Housing Development Corporation;   c)         with respect to the Information Technology Services operational savings, if any, the Civic Administration BE AUTHORIZED to contribute to the Technology Services Reserve Fund to be used to support investments in corporate systems;   d)         the Civic Administration BE AUTHORIZED to contribute to/draw down from the Water Capital Reserve Fund to balance year-end operations of the Water Budget should the budget be in a surplus/deficit position;   e)         the Civic Administration BE AUTHORIZED to contribute to the Wastewater Rate Stabilization Reserve to balance year-end operations should there be a surplus position or draw down from the Sewage Works Reserve Fund to balance year-end operations should there be a deficit position in the Wastewater & Treatment Budget; and   f)         notification of the Civic Administration’s contribution of $1,019,652 ($916,482 – Property Tax Supported; $15,660 – Water; and $87,510 – Wastewater) to the Efficiency, Effectiveness and Economy reserves in 2016 BE RECEIVED for information.

Motion Passed

Motion Passed

5.   STAFF REPORT - 2016

Life-To-Date Capital Budget - 2016 Mid-Year Capital Monitoring Report

That, on the recommendation of the Managing Director, Corporate Services and City Treasurer, Chief Financial Officer, the following actions be taken:   a)         the 2016 Life-to-Date Capital Budget – 2016 Mid-Year Capital Monitoring Report BE RECEIVED for information; and   b)         the capital projects in Appendix B to the staff report dated September 20, 2016, with a total of $7.4 million of net surplus funding, BE CLOSED and the following actions be taken:   i)          pay-as-you-go funding of $14,910.43 BE TRANSFERRED to the capital receipts account; ii)         authorized debt financing of $1,606,438.75 BE RELEASED resulting in a reduction of authorized debt; iii)         uncommitted reserve fund draws of $5,261,027.46 BE RELEASED from the tax/rate supported reserve funds which originally funded the projects; and, iv)        uncommitted reserve fund draws of $559,105.99 BE RELEASED from the non-rate supported reserve funds which originally funded the projects.

Motion Passed

Motion Passed

6.   DELEGATION - Brenda

Elliot, Eldon House

That the attached presentation from Brenda Elliot, Executive Director, Eldon House, with respect to the activities of Eldon House, BE RECEIVED.

Motion Passed

Motion Passed

7.   Tax Adjustment

Agenda

That the recommendations contained in the Tax Adjustment Agenda dated September 20, 2016 BE APPROVED; it being noted that there were no members of the public in attendance to speak to the Corporate Services Committee, at the public hearing associated with the Tax Adjustment Agenda.

Motion to Open the public participation meeting.

Motion Passed

Motion Passed

Motion to Close the public participation meeting.

Motion Passed

Motion Passed

Motion to Approve the recommendations contained in the Tax Adjustment Agenda dated September 20, 2016.

Motion Passed

Motion Passed

(See Confidential Appendix to the 21st Report of the Corporate Services Committee enclosed for Members only.)

The Corporate Services Committee convened in camera from 1:11 PM to 1:27 PM after having passed a motion to do so, with respect to the following matters: