Finance & Growth Committee

BE IT RESOLVED THAT the Finance & Growth Committee does hereby approve of the open session agenda, dated November 12, 2015, as presented.

BE IT RESOLVED THAT the Finance & Growth Committee does hereby approve of the minutes of the Finance & Growth Committee meeting held on October 26, 2015, as amended.

BE IT RESOLVED THAT the Finance and Growth Committee does hereby recommend to Council that, as a priority, the municipality be committed to the development of a sustainable Asset Management Plan; AND FURTHER BE IT RESOLVED THAT the Finance and Growth Committee be made aware of unnecessary assets and that repairs and/or replacements be scheduled on the highest risk and need and that applications for funding projects also be based on the highest risk and need for future sustainability.

BE IT RESOLVED THAT the Finance and Growth Committee does hereby direct staff to investigate a yearly tax increase of 2% or less and and investigate methods to reduce the municipality's tax differential to between 15% to 17% with surrounding municipalities.

BE IT RESOLVED THAT the Finance and Growth Committee does hereby recommend to Council that all operating surplus funds go to reserves for future capital investments.

BE IT RESOLVED THAT the Finance and Growth Committee does hereby direct staff to use the provincial goal of 5% of operating revenue to service debt and that debt should not exceed the current level of 7.6% unless for special cost saving investments.

BE IT RESOLVED THAT the Finance & Growth Committee does hereby adjourn at 3:50 p.m.