October 5, 2020 - Agenda

Pg. #

ITEM

MINUTES

FIN-4

Motion to adopt the minutes of the meeting of the Finance Committee held on September 8, 2020.

FINANCE AND CORPORATE SERVICES DIVISION

1.

Deferring the CPI Increase to the Consolidated Fees Bylaw to 2021 
(File Ref. No. 03-1240-01) (REDMS No. 6530565)

FIN-7

See Page FIN-7 for full report

Designated Speaker:  Ivy Wong

STAFF RECOMMENDATION

That the annual CPI increase to the Consolidated Fees Bylaw be deferred to 2021.

2.

Permissive Property Tax Exemption (2021) Bylaw No. 10196 
(File Ref. No. 03-0925-02-01) (REDMS No. 6488014)

FIN-10

See Page FIN-10 for full report

Designated Speaker:  Ivy Wong

STAFF RECOMMENDATION

That Permissive Property Tax Exemption (2021) Bylaw No. 10196 be introduced and given first, second and third readings.

3.

Amendments to the Revised Consolidated 5 Year Financial Plan (2020-2024) Bylaw No. 10183 
(File Ref. No. 03-0975-01) (REDMS No. 6515307 v. 14; 6515307; 6516649)

GP-15

See Page GP-15 for full report

Designated Speaker:  Melissa Shiau

STAFF RECOMMENDATION

That the Revised Consolidated 5 Year Financial Plan (2020-2024) Bylaw No. 10183, Amendment Bylaw No. 10203, which incorporates and puts into effect the changes as outlined in the staff report titled “Amendments to the Revised Consolidated 5 Year Financial Plan (2020-2024) Bylaw No. 10183” dated September 15, 2020, from the General Manager, Finance and Corporate Services, be introduced and given first, second and third readings.

4.

Development Cost Charges Imposition Bylaw Annual Inflationary Update (2020) 
(File Ref. No. 03-0900-01) (REDMS No. 6413783 v. 8)

GP-34

See Page GP-34 for full report

Designated Speaker:  Venus Ngan

STAFF RECOMMENDATION

That Option 1 – Keep DCC Rates Unchanged as outlined in the staff report titled “Development Cost Charges Imposition Bylaw Annual Inflationary Update (2020)” dated September 8, 2020 from the Director, Finance be approved by Council.

ADJOURNMENT