April 7, 2014 - Minutes
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Finance Committee
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Date: |
Monday, April 7, 2014 |
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Place: |
Anderson Room |
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Present: |
Mayor Malcolm D. Brodie, Chair |
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Absent: |
Councillor Linda Barnes |
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Call to Order: |
The Chair called the meeting to order at 4:55 p.m. |
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MINUTES |
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It was moved and seconded |
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That the minutes of the meeting of the Finance Committee held on Monday, March 3, 2014, be adopted as circulated. |
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CARRIED |
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FINANCE AND CORPORATE SERVICES DEPARTMENT |
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1. |
Excess or Extended Services and Latecomer Payment Interest Rate Establishment Bylaw No. 6936, Amendment Bylaw No. 9084 |
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It was moved and seconded |
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That Excess or Extended Services and Latecomer Payment Interest Rate Establishment Bylaw No. 6936, Amendment Bylaw No. 9084 be introduced and given first, second, and third readings. |
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The question on the motion was not called as Venus Ngan, Manager, Treasury and Financial Services, advised that interest rates will be grandfathered for any existing latecomer projects under Section 2. The question on the motion was then called and it was CARRIED. |
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2. |
Revenue Anticipation Borrowing (2014) Bylaw No. 9116 |
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It was moved and seconded |
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That Revenue Anticipation Borrowing (2014) Bylaw No. 9116 be introduced and given first, second, and third readings. |
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The question on the motion was not called as Jerry Chong, Director, Finance, advised that, although the provision had not been used in the past, the credit arrangement is a precautionary service offered free of charge by the bank. The question on the motion was then called and it was CARRIED. |
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ADJOURNMENT |
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It was moved and seconded |
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That the meeting adjourn (4:57 p.m.). |
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CARRIED |
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Certified a true and correct copy of the Minutes of the meeting of the Finance Committee of the Council of the City of Richmond held on Monday, April 7, 2014. |
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_________________________________ |
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Mayor Malcolm D. Brodie |
Heather Howey |
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