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Finance Committee
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Date:
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Tuesday, September 7, 2021
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Place:
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Council Chambers
Richmond City Hall
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Present:
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Mayor Malcolm D. Brodie, Chair
Councillor Chak Au
Councillor Carol Day
Councillor Andy Hobbs
Councillor Alexa Loo
Councillor Bill McNulty (by teleconference)
Councillor Linda McPhail (by teleconference)
Councillor Harold Steves (by teleconference)
Councillor Michael Wolfe (by teleconference)
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Call to Order:
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The Chair called the meeting to order at 4:51 p.m.
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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 July 5, 2021, be adopted as circulated.
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CARRIED
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FINANCE AND CORPORATE SERVICES DIVISION
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1.
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Financial Information – 2nd Quarter June 30, 2021
(File Ref. No.) (REDMS No. 6713116)
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It was moved and seconded
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That the staff report titled, “Financial Information – 2nd Quarter June 30, 2021”, dated August 6, 2021 from the Acting Director, Finance be received for information.
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CARRIED
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2.
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Active Capital Projects Information - 2nd Quarter June 30, 2021
(File Ref. No. 03-0975-01) (REDMS No. 6713219)
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It was moved and seconded
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That the staff report titled, “Active Capital Projects Information – 2nd Quarter June 30, 2021”, dated August 4, 2021 from the Acting Director, Finance be received for information.
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The question on the motion was not called as in reply to queries from Committee regarding the Phoenix Net Loft, staff noted that prior to demolition the contractor assesses the values of the materials, and great efforts are made to salvage as much materials as possible for repurposing.
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The question on the motion was then called and it was CARRIED.
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LULU ISLAND ENERGY COMPANY
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3.
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Lulu Island Energy Company – 2nd Quarter June 30, 2021 Financial Information
(File Ref. No. 01-0060-20-LIEC) (REDMS No. 6726602)
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It was moved and seconded
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That the Lulu Island Energy Company report titled “Lulu Island Energy Company – 2nd Quarter June 30, 2021 Financial Information”, dated August 10, 2021 from the Chief Executive Officer and Chief Financial Officer, be received for information.
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CARRIED
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RICHMOND OLYMPIC OVAL CORPORATION
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It was moved and seconded
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That the meeting adjourn (5:00 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 Tuesday, September 7, 2021.
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_________________________________
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_________________________________
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Mayor Malcolm D. Brodie
Chair
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Sarah Goddard
Legislative Services Associate
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