Special Council Meeting

THAT the draft agenda presented to Council for the Special Meeting and dated the 15th of December 2020 be hereby adopted as circulated.

WHEREAS the Corporation of the Municipality of East Ferris received report “Redevelopment Update for Municipalities – November 30th, 2020” from Cassellholme on December 10th, 2020; AND WHEREAS the said report recommends that each member municipality of Cassellholme confirms their preferred method of financing the redevelopment project from two presented financing options: Option 1 – Cassellholme will obtain financing through Infrastructure Ontario’s Corporate Loan Program, levy member municipalities annually for their share of the capital costs and requires member municipalities to guarantee their share of the entire project value. Option 2 – Member municipalities pay upfront in cash or obtain their own financing and provide the funds to Cassellholme on completion of the project and requires member municipalities to guarantee their share of the project. AND WHEREAS the Council for the Corporation of the Municipality of East Ferris passed Resolution No. 2017-94 on April 6th, 2017, along with other member municipalities, and provided Cassellholme with a copy of the said resolution; AND WHEREAS upon review of the financing options being recommended by Cassellholme and the request from member municipalities to guarantee Cassellholme’s loan, the Council for the Corporation of the Municipality of East Ferris deems that the financing options being recommended are not in line with the resolution passed in 2017 which stated that “Council supports the request for legislative changes to

That Council for the Corporation of the Municipality of East Ferris authorizes staff to submit a funding application to the Investing in Canada Infrastructure Program (ICIP) Covid-19 Resilience Stream for the Roof Truss Repairs at the East Ferris Community Centre.

WHEREAS Council of the Municipality of East Ferris approved an amendment to its Procedural By-law No. 2020-17 at the August 11th, 2020 Council meeting to allow for electronic meetings for Council, Boards and Committee meetings up to December 31st, 2020; BE IT HEREBY RESOLVED that Council extends the date of the amendment to June 30th, 2021.

THAT we do now adjourn this meeting at 3:37 p.m.