Finance Committee
Electronic Meeting
Council Chambers, City Hall
6911 No. 3 Road
Monday, July 4, 2022
Immediately following the General Purposes Committee meeting
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FIN- 4
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Motion to adopt the minutes of the meeting of the Finance Committee held on June 6, 2022.
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1.
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Peter Urbanc, CEO, Municipal Finance Authority of BC, to delegate on the MFA Diversified Multi-Asset Fund.
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FIN-90
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See Page FIN-90 for background materials
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FINANCE AND CORPORATE SERVICES DIVISION
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2.
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Alternative Investment – Long-Term Diversified Multi-Asset Class Fund
(File Ref. No. 03-0900-01) (REDMS No. 6904414)
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FIN-7
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See Page FIN-7 for full report
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Designated Speaker: Venus Ngan
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STAFF RECOMMENDATION
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(1)
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That Council approve up to $40M as a long-term investment in the Municipal Finance Authority of BC’s Long-Term Diversified Multi-Asset Class Fund, as outlined in the Option section of the staff report titled “Alternative Investment – Long-Term Diversified
Multi-Asset Class Fund” dated June 24, 2022 from the Acting Director, Finance; and
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(2)
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That the proposed amendment to the City’s Investment Policy 3703 be approved.
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3.
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2022 Major Development Cost Charges Program Update
(File Ref. No. 03-0900-01) (REDMS No. 6896790)
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FIN-26
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See Page FIN-26 for full report
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Designated Speaker: Venus Ngan
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STAFF RECOMMENDATION
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That the preliminary DCC programs and DCC rates as outlined in the staff report dated June 10, 2022 titled “2022 Major Development Cost Charges Program Update” from the Acting Director, Finance, be endorsed as the basis for further public consultation in establishing the updated DCC Rates Bylaw.
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4.
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Amendments to the Consolidated 5 Year Financial Plan (2022-2026) Bylaw No. 10327
(File Ref. No. 03-0975-01) (REDMS No. 6907543)
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FIN-67
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See Page FIN-67 for full report
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Designated Speaker: Melissa Shiau
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STAFF RECOMMENDATION
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That the Consolidated 5 Year Financial Plan (2022-2026) Bylaw No. 10327, Amendment Bylaw No. 10381, which incorporates and puts into effect the changes as outlined in the staff report titled “Amendments to the Consolidated 5 Year Financial Plan (2022-2026) Bylaw No. 10327” dated June 10, 2022, from the Acting General Manager, Finance and Corporate Services, be introduced and given first, second and third readings.
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