Committee of Council Meeting Wednesday, November 4, 2020

Agenda on city site ↗ · Minutes on city site ↗

Summary

Council will consider directing staff to prepare a bylaw to transfer $690,000 from operating reserves to the General Capital Reserve and consolidate remaining operating reserves into one stabilization reserve. Council will also consider approving $384,000 from legacy capital reserves to be transferred to the General Capital Reserve. The discussion on the 2021-2022 Capital Plan and One-Time Enhancements will continue from the October 20 meeting.

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

Agenda

1. Call to Order
2. Adoption of the Agenda
2.1. Adoption of the Agenda
3. Confirmation of Minutes
4. Reports
4.1. 2021 - 2022 Capital Plan and One-Time Enhancements Follow-up notable

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 notable

Continued from October 20, 2020, Committee of Council meeting.
5. Adjournment
5.1. Adjournment of the Meeting
6. Meeting Notes

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