October 1, 2018 - Minutes
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Finance Committee
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Date: |
Monday, October 1, 2018 |
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Place: |
Anderson Room |
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Present: |
Mayor Malcolm D. Brodie, Chair |
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Call to Order: |
The Chair called the meeting to order at 4:03 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 September 4, 2018, be adopted as circulated. |
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CARRIED |
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FINANCE AND CORPORATE SERVICES DIVISION |
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1. |
Amendments to the Consolidated 5 Year Financial Plan (2018-2022) Bylaw No. 9800 |
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It was moved and seconded |
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That the Consolidated 5 Year Financial Plan (2018-2022) Bylaw No. 9800, Amendment Bylaw No. 9904, which incorporates and puts into effect the changes as outlined in the staff report titled “Amendments to the Consolidated 5 Year Financial Plan (2018-2022) Bylaw No. 9800” dated September 25, 2018 from the GM, Finance and Corporate Services, be introduced and given first, second and third readings. |
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CARRIED |
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2. |
Permissive Exemption (2019) Bylaw No. 9893 RTC |
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It was moved and seconded |
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That Permissive Exemption (2019) Bylaw No. 9893 be introduced and given first, second and third readings. |
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CARRIED |
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3. |
Consolidated Fees Bylaw No. 8636, Amendment Bylaw No. 9897 |
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It was moved and seconded |
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That Consolidated Fees Bylaw No. 8636, Amendment Bylaw No. 9897 be introduced and given first, second and third readings. |
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CARRIED |
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ENGINEERING AND PUBLIC WORKS DIVISION |
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4. |
2019 utility budgets and rates |
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Committee reviewed each of the options for water utility, sewer utility, and drainage and diking utility outlined in the staff report. In response to queries from Committee regarding those options, Lloyd Bie, Manager, Engineering Planning, noted that option 2 for flood protection would increase rates by 8% for medium and larger commercial and institutional (ICI) properties, 2% for single-family and smaller ICI and farms, and 0% for multi-family properties to create a more equitable distribution of rates. |
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It was moved and seconded |
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That the 2019 Utility Budgets, as outlined under Option 1 for Water, Option 1 for Sewer, Option 2 for Drainage and Diking, and Option 3 for Solid Waste and Recycling, as contained in the staff report dated September 11, 2018 from the General Manager of Finance & Corporate Services and the Deputy CAO and General Manager of Engineering & Public Works, be approved as the basis for establishing the 2019 Utility Rates and preparing the 5 Year Financial Plan (2019-2023) Bylaw. |
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The question on the motion was not called as, in response to further questions from Committee, Jatinder Johal, Manager, Public Works Administration, noted that (i) Option 3 for solid waste and recycling includes an expansion of the materials accepted at the Recycling Depot which would include propane tanks, butane cylinders, electronics, and upholstered furniture, and (ii) staff expect higher rates of volume from extending the Recycling Depot hours to be open 6 days a week. |
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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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It was moved and seconded |
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That the meeting adjourn (4:10 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, October 1, 2018. |
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_________________________________ |
_________________________________ |
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Mayor Malcolm D. Brodie |
Amanda Welby |