April 3, 2017 - Minutes

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City of Richmond Meeting Minutes

Finance Committee



Monday, April 3, 2017


Anderson Room
Richmond City Hall


Mayor Malcolm D. Brodie, Chair
Councillor Chak Au
Councillor Derek Dang
Councillor Carol Day
Councillor Ken Johnston
Councillor Alexa Loo
Councillor Bill McNulty
Councillor Linda McPhail
Councillor Harold Steves

Call to Order:

The Chair called the meeting to order at 4:29 p.m.






It was moved and seconded



That the minutes of the meeting of the Finance Committee held on February 6, 2017, be adopted as circulated.









Resilient Economy Strategy (2014-2019) – Mid-Term Report and Proposed Initiatives
(File Ref. No. 08-4150-01) (REDMS No. 5290906 v. 2)



The Chair referenced a memorandum dated April 3, 2017 from the Manager, Economic Development, noting that a typo with regard to the City’s tax rate has been corrected (attached to and forming part of these minutes as Schedule 1).



Neonila Lilova, Manager, Economic Development, provided background information and highlighted the following information on the Resilient Economy Strategy:




6,700 jobs have been created or maintained to date;




current trends indicate that opportunities exist in a number of areas for both ongoing programs and new initiatives to further fulfill the Strategy’s mandate; and




the Business Development Program, industrial development policies, and office development in the City Centre are key areas that staff are seeking Council endorsement for implementation.



In reply to queries from Committee, Ms. Lilova advised that (i) staff will report to Council on the industrial land intensification initiative as opportunities arise, (ii) tools within the City Centre Area Plan may lend to encouraging office development as part of mixed-used projects, (iii) although Richmond hotels’ occupancy are high, the demand has not reached a point where other means of accommodation need to be explored, and (iv) staff respond to all queries from the business community, however, continue to liaise on an on-going basis with approximately 500 key businesses.



It was moved and seconded




That the proposed additional work program for 2017-2018 towards fulfillment of the City's Resilient Economy Strategy, as described in the staff report dated March 13, 2017, from the General Manager, Finance and Corporate Services, be endorsed; and




That staff be directed to further develop new initiatives specifically related to industrial and new office development, and report back to Council.






2016 Annual Procurement report
(File Ref. No. 02-0600-01) (REDMS No. 5326715 v. 3)



It was moved and seconded



That the staff report titled “2016 Annual Procurement Report” dated March 20, 2017 from the Director of Finance be received for information.






2016 annual development cost charges
(File Ref. No. 03-0905-05-01) (REDMS No. 5344466)



It was moved and seconded



That the staff report titled, “2016 Annual Development Cost Charges,” dated March 19, 2017 from the Director, Finance be received for information.









It was moved and seconded



That the meeting adjourn (4:51 p.m.).





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 3, 2017.



Mayor Malcolm D. Brodie

Hanieh Berg
Legislative Services Coordinator