December 13, 2021 - Minutes

Date:

Monday, December 13, 2021

Place:

Council Chambers
Richmond City Hall

Present:

Mayor Malcolm D. Brodie, Chair
Councillor Chak Au
Councillor Carol Day 
Councillor Andy Hobbs 
Councillor Alexa Loo (by teleconference) 
Councillor Bill McNulty 
Councillor Linda McPhail 
Councillor Harold Steves (by teleconference) 
Councillor Michael Wolfe (by teleconference)

Call to Order:

The Chair called the meeting to order at 4:16 p.m.

MINUTES

It was moved and seconded

That the minutes of the meeting of the Finance Committee held on November 1, 2021, be adopted as circulated.

CARRIED

FINANCE AND CORPORATE SERVICES DIVISION

1.

Consolidated 5 Year Financial Plan (2022-2026) Bylaw No. 10327 
(File Ref. No. 03-0970-25-2021-01)(REDMS No. 6782745)

In accordance with Section 100 of the Community Charter, Cllr. Au declared to be in a conflict of interest as his son works as a firefighter in Richmond Fire-Rescue, and Cllr. Au left the meeting – 4:16 p.m.

Staff corrected that the public consultation period for the Consolidated 5 Year Financial Plan will run until January 9, 2022.

It was moved and seconded

(1)

That the Consolidated 5 Year Financial Plan (2022-2026) Bylaw No. 10327 be introduced and given first, second, and third readings; and

(2)

That staff undertake a process of public consultation in accordance with Section 166 of the Community Charter.

The question on the motion was not called as discussion ensued with regard to the annual 1% contribution to reserve funds.

The question on the motion was then called, and it was CARRIED.

2.

Steveston Community Centre and Branch Library Loan Authorization Bylaw No. 10334 
(File Ref. No. 03-0900-01)(REDMS No. 679499)

Cllr. Au returned to the meeting – 4:19 p.m.

It was moved and seconded

That the Steveston Community Centre and Branch Library Loan Authorization Bylaw No. 10334 be introduced and given first, second, and third readings.

The question on the motion was not called as discussion ensued with regard to expediting the loan approval process. Staff added that the loan process along with site and construction planning can occur concurrently.

The question on the motion was then called, and it was CARRIED.

ADJOURNMENT

It was moved and seconded

That the meeting adjourn (4:23 p.m.).

CARRIED

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, December 13, 2021.

_________________________________

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Mayor Malcolm D. Brodie
Chair

Evangel Biason
Legislative Services Associate