A Confidential PowerPoint presentation entitled "Material Unfunded Investment Analysis", dated 2018 October 11, with respect to Report C2018-1149, was received for the Corporate Record during the Closed Meeting Portion of today's Meeting.
Administration in attendance during the Closed Meeting discussions with respect to Report C2018-1149:
Clerk: B. Hilford, M. A. Cario, D. Williams. Legal: G. Cole. Advice: C. Male, B. Stevens, M. Thompson, S. McMullen. Observer: S. Dalgleish, K. Black, R. Stanley, D. Duckworth, C. Collier, N. Karpa, M. Perpeluk.
Pursuant to Section 6(1) of Procedure Bylaw 35M2017, Section 78(c) was suspended by general consent to allow Council to complete the remainder of the Agenda, prior to the scheduled 6:00 p.m. recess.
Mayor Nenshi left the Chair at 6:34 p.m. and Councillor Farrell assumed the Chair.
That with respect to Report C2018-1149, the following be adopted, after amendment:
That Council:
- Receive this report for information.
- Direct Administration to include in the 2018 November 14 One Calgary report to Council advice on potential additional investments and financing required in regard to the issues identified on the Revised v2 Page 2 of Attachment 2 to C2018-1149, or, if information is not yet available for any of the issues, a status update and date when the information will be provided; and
- Direct Administration to provide, by no later than 2018 Q4, a priority investment and financing plan for the potential material unfunded investments identified on page 15 of C2018-1149, or, if information is not yet available for any of the potential material unfunded investments, a status update and date when the information will be provided.
- Direct that the Closed Meeting discussions with respect to Report C2018-1149 and the PowerPoint presentation be kept confidential pursuant to Sections 24 and 25 of the Freedom of Information and Protection of Privacy Act.