Committee of Council Meeting Wednesday, November 4, 2020

Summary

Council considered a follow-up report on the 2021-2022 Capital Plan and One-Time Enhancements, including recommendations to transfer operating and legacy capital reserves to the General Capital Reserve and consolidate remaining operating reserves. The item was continued from the October 20, 2020 meeting.

AI-generated from the published agenda — verify against the source document.

Agenda

4. Reports
4.1. 2021 - 2022 Capital Plan and One-Time Enhancements Follow-up

Recommendation: That Committee of Council direct staff to prepare a bylaw for Council consideration to: • Transfer $690,000 of the operating reserves to the General Capital Reserve; • Consolidate the remaining operating reserves into one stabilization reserve; and That Committee of Council approve $384,000 of the legacy capital reserves be transferred to the General Capital Reserve.
4.2. 2021 - 2022 Capital Plan and One-Time Enhancements

Continued from October 20, 2020, Committee of Council meeting.
6. Meeting Notes

6 procedural items (call to order, adoption of minutes, adjournment…)

1. Call to Order
2. Adoption of the Agenda
2.1. Adoption of the Agenda
3. Confirmation of Minutes
5. Adjournment
5.1. Adjournment of the Meeting

Item text extracted from the published agenda — read the source document for the authoritative version.