Time:

4:00 p.m.

Place:

Anderson Room

Richmond City Hall

Present:

Mayor Malcolm D. Brodie

Councillor Chak Au

Councillor Linda Barnes

Councillor Derek Dang

Councillor Evelina Halsey-Brandt

Councillor Ken Johnston

Councillor Bill McNulty

Councillor Linda McPhail

Councillor Harold Steves

Acting Corporate Officer – Gail Johnson

Call to Order:

Mayor Brodie called the meeting to order at 4:00 p.m.

RES NO.

ITEM

RICHMOND OLYMPIC OVAL CORPORATION

1.

UNANIMOUS CONSENT RESOLUTIONS OF THE SHAREHOLDER OF RICHMOND OLYMPIC OVAL CORPORATION

RICHMOND OLYMPIC OVAL CORPORATION ANNUAL REPORT
(File Ref. No.:) (REDMS No.)

SP12/4-1

It was moved and seconded

RESOLVED THAT:

(1)

the Shareholder acknowledges and confirms the previous receipt of financial statements of the Company for the period from January 1, 2011 to December 31, 2011, together with the auditor’s report on such financial statements, which financial statements were approved by the Company’s board of directors on April 27, 2012 and presented to the Shareholder at the Finance Committee meeting of Richmond City Council on June 4, 2012;

(2)

the number of directors of the Company is hereby fixed at a maximum of 10;

(3)

The shareholder acknowledges that the following directors are currently serving a 2 year term and will continue to serve as directors for the coming year:

Edward Michael O’Brien

Dennis Skulsky

Moray Keith

George Duncan

(4)

in accordance with Article 14.1 of the Company’s Articles, the following persons, each of whom has consented in writing to act as a director, are hereby elected as directors of the Company, to hold office for the term ending immediately prior to the election or appointment of directors at the annual general meeting of the Company held in the year set out opposite their name below:

Name

Term

Linda Sanderson

2013

Victor John Farmer

2013

Umendra Mital

2014

Wayne Duzita

2014

(5)

KPMG LLP be appointed as auditors of the Company until the next annual reference date of the Company or until a successor is appointed, at a remuneration to be fixed by the directors;

(6)

the 2011 Annual Report of the Company is hereby received; and

(7)

June 25, 2012 be and is hereby selected as the annual reference date for the Company for its current annual reference period.

CARRIED

ADJOURNMENT

SP12/4-2

It was moved and seconded

That the meeting adjourn (4:11 p.m.).

CARRIED

Certified a true and correct copy of the Minutes of the Special Meeting of the Council of the City of Richmond held on Monday, June 25, 2012.

_________________________________

_________________________________

Mayor (Malcolm D. Brodie)

Acting Corporate Officer (Gail Johnson)