Administration in attendance during the Closed Meeting discussions with respect to Report PFC2019-0040:
Clerk's: D. Williams, J. Palaschuck. Advice: M. Thompson, M.A. Bendfeld, T. Nguyen, J. Cullen, R. Summers, F. MacIntyre. Observers: C. Male, B. Stevens, D. Corbin, D. Ewing, J. Iny, M. Perpeluk, M. Brunsdon. Legal: G. Cole.
That with respect to Report PFC2019-0040, Recommendations 1, 3 and 4 be approved as follows:
That the Priorities and Finance Committee recommend:
1. That the Report and Attachment 2 be released as public documents immediately, and that Attachment 1, the distribution and Closed Meeting discussions remain confidential pursuant to Sections 17, 18, 23, 24, 25 and 27 of the Freedom of Information and Protection of Privacy Act; and
3. That Council, to optimize the Green Line cash flow commitments over the term of the project, reconsider, in part, its decision as contained in the minutes of the Regular Meeting of 2017 November 27 with respect to Recommendation 1 of Report C2017-1123 as follows:
by deleting the words “the financing” after “fund” and before “costs” to result in the following motion:
"Direct that the 2017 tax room ($23.7 million) be retained in 2018 and future years and used to fund costs for Green Line for 27 years until 2044.”
4. That Council direct that the Attachment 1, and the Closed Meeting discussions remain confidential, upon review by 2026 December 31, pursuant to Sections 23, 24, 25 and 27 of the Freedom of Information and Protection of Privacy Act.