June 4, 2018 - Minutes (Special)
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Special Council
Monday, June 4, 2018
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Place: |
Anderson Room |
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Present: |
Mayor Malcolm D. Brodie Acting Corporate Officer – Claudia Jesson |
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Absent: |
Councillor Linda McPhail |
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Call to Order: |
Mayor Brodie called the meeting to order at 4:02 p.m. |
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RES NO. |
ITEM |
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RICHMOND OLYMPIC OVAL CORPORATION |
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1. |
UNANIMOUS CONSENT RESOLUTIONS OF THE SHAREHOLDER OF RICHMOND OLYMPIC OVAL CORPORATION |
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SP18/3-1 |
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It was moved and seconded |
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RESOLVED THAT: |
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(1) |
the Shareholder acknowledges and confirms the previous receipt of financial statements of the Company for the period from January 1, 2017 to December 31, 2017, together with the auditor’s report on such financial statements, which financial statements were approved by the Company’s board of directors on April 25, 2018 and presented to the Shareholder at the Finance Committee meeting of Richmond City Council on May 7, 2018; |
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(2) |
in accordance with Article 14.1 of the Company’s Articles, the following persons, each of whom has consented 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: |
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Name |
Date |
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Dennis Skulsky |
2019 |
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Moray Keith |
2019 |
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Umendra Mital |
2019 |
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Tony Kwan |
2019 |
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Lisa Cowell |
2019 |
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George Duncan |
2020 |
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Peter German |
2020 |
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Gail Terry |
2020 |
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Dan Nomura |
2020 |
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Walter Soo |
2020 |
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Gary Collinge |
2020 |
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(3) |
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; |
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(4) |
the 2017 Annual Report of the Company is hereby received; and |
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(5) |
June 4, 2018 be and is hereby selected as the annual reference date for the Company for its current annual reference period. |
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The question on the motion was not called as Rick Dusanj, Controller, Richmond Olympic Oval Corporation, advised that the increase in investments from $8.7 million to $10.5 million was due to the timing of maturity of investments and based on cash flow needs, surplus funds were reinvested. |
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The question on the motion was then called and it was CARRIED. |
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LULU ISLAND ENERGY COMPANY LTD. |
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2. |
UNANIMOUS CONSENT RESOLUTIONS OF THE SHAREHOLDER OF lulu island energy company ltd. |
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SP18/3-2 |
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It was moved and seconded |
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RESOLVED THAT: |
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(1) |
the Shareholder acknowledges and confirms the previous receipt of financial statements of the Company for the period from January 1, 2017 to December 31, 2017, together with the auditor’s report on such financial statements, which financial statements were approved by the Company’s board of directors on April 25, 2018 and presented to the Shareholder at the Finance Committee meeting of Richmond City Council on May 7, 2018; |
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(2) |
all lawful acts, contracts, proceedings, appointments and payments of money by the directors of the Company since the last annual reference date of the Company, and which have previously been disclosed to the shareholder, are hereby adopted, ratified and confirmed; |
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(3) |
the number of directors of the Company is hereby fixed at 5; |
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(4) |
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 until the next annual general meeting of the Company or unanimous resolutions consented to in lieu of holding an annual general meeting, or until their successors are appointed: |
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Cecilia Maria Achiam; |
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Jerry Ming Chong; |
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Robert Gonzalez; |
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John David Irving; and |
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Joseph Erceg; |
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(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; and |
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(6) |
June 4, 2018 is hereby selected as the annual reference date for the Company for its current annual reference period. |
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The question on the motion was not called as John Irving, Acting General Manager, Engineering and Chief Executive Officer, Lulu Island Energy Company Ltd., advised that upcoming reports to Council will include further information and clarity regarding district energy services and thermal energy services. |
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The question on the motion was then called and it was CARRIED. |
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ADJOURNMENT |
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SP18/3-3 |
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It was moved and seconded |
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That the meeting adjourn (4:08 p.m.). |
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CARRIED |
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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 4, 2018. |
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_________________________________ |
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Mayor (Malcolm D. Brodie)
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Acting Corporate Officer (Claudia Jesson) |