November 3, 2025 - Agenda

Pg. #

ITEM

MINUTES

FIN-3

Motion to adopt the minutes of the meeting of the Finance Committee held on October 6, 2025.

LULU ISLAND ENERGY COMPANY

1.

2026 District Energy Utility Rates

(File Ref. No. 01-0060-20-LIEC1) (REDMS No. 8130011)

FIN-7

See Page FIN-7 for full report

Designated Speakers:  Alen Postolka & Constantino Retes

STAFF RECOMMENDATIONS

(1)

That the Alexandra District Energy Utility Bylaw No. 8641, Amendment Bylaw No. 10705 be introduced and given first, second and third readings;

(2)

That the Oval Village District Energy Utility Bylaw No. 9134, Amendment Bylaw No. 10706 be introduced and given first, second and third readings; and

(3)

That the City Centre District Energy Utility Bylaw No. 9895, Amendment Bylaw No. 10707 be introduced and given first, second and third readings.

FINANCE AND CORPORATE SERVICES & ENGINEERING AND PUBLIC WORKS DIVISIONS

2.

2026 Utility Budgets and Rates

(File Ref. No. 10-6060-01) (REDMS No. 8187579)

FIN-28

See Page FIN-28 for full report

Designated Speakers:  Jason Ho, Kristina Grozdanich & Melissa Shiau

STAFF RECOMMENDATION

That the 2026 utility budgets presented in the options listed below; as outlined in the report titled “2026 Utility Budgets and Rates”, dated October 21, 2025, from the General Manager, Engineering & Public Works and General Manager, Finance & Corporate Services be approved as the foundation for establishing the 2026 utility rates and be included in the Consolidated 5 Year Financial Plan (2026-2030):

(a)

Option 2 for Water (page 8);

(b)

Option 2 for Sewer (page 15);

(c)

Option 2 for Flood Protection (page 23); and

(d)

Option 2 for Solid Waste and Recycling (page 29).

ADJOURNMENT