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050808 Special Council Meeting Minutest V., MINUTES: Meeting for the Committee "Open Council" Review Access: • Public Private MINUTES Town of Tillsonburg Meeting for the Committee "Open Council" on Monday August 8, 2005 03:00 PM Council Chambers Chair: Stephen Molnar Orders of the Day: Call to Order Closed Meeting Session Disclosure of Pecuniary Interest or the General Nature Thereof Minutes & Business Arising out of the Minutes Adoption of Agenda Presentations Public Meetings Delegations Quarterly Reports Chief Administrative Officer Operations Community Services Corporate Services Finance Information Items Resolutions By -Laws Items of Public Interest Closed Meeting Session continued Adjournment ALSO IN ATTENDANCE: S. Graddish, P. Fung, K. Ecker Deputy Mayor Smith joined the meeting at 3:25 p.m. Nancy Boutin from the Tillsonburg News was present. CALL TO ORDER /0"0111\ > Page 1 A MINUTES: Meeting for the Committee "Open Council" CLOSED MEETING SESSION DISCLOSURE OF PECUNIARY INTEREST OR THE GENERAL NATURE THEREOF MINUTES & BUSINESS ARISING OUT OF THE MINUTES ADOPTION OF AGENDA No. 1 Moved by Councillor Renaud Seconded by Councillor Patenaude AND RESOLVED THAT the Agenda as prepare for the Special 3:00 p.m. Council Meeting August 8th, 2005 be adopted. "Carried" CHIEF ADMINISTRATIVE OFFICER OPERATIONS COMMUNITY SERVICES CORPORATE SERVICES FINANCE 1. Asset Management Presentation Presented By: Director of Finance Asset Management Power Point Presentation The Power Point presentation is attached above, in the submission. Staff presented. Councillor Lewis asked staff to outline the role of Council. 000%1, Council will be asked to buy into the approach being taken, and provide direction. Management will make recommendations, but those recommendations will need Council approval. Page 2 • MINUTES: Meeting for the Committee "Open Council" Today's meeting is the first step. More meetings will follow. The objective this date was to begin discussions. Funding levels will go into the 2006 budget. Councillor Renaud noted that, by knowing the requirements/numbers, it will help to shape the priorities. This is helpful, as it provides supporting documentation for any upcoming funding opportunities. Data was taken from work tech, as well as other areas, and staff came up with average annual requirements. That is key because there will be spikes and valleys, but this process flattens it all out, to look at funding requirements. Based on all the data, average annual requirements will be identified. It was recommended that Council and staff re -group to carry on with discussions. It is hoped that time frames can be accelerated, so as not to push decision making too far into 2006. INFORMATION ITEMS RESOLUTIONS /40&� CLOSED MEETING SESSION CONTINUED ADJOURNMENT Meeting adjourned at 5:00 p.m. Approval Received: (1 of 1) Lana Lund/Tillsonburg (Friday August 12, 2005 02:18 AM) Town of Tillsonburg Page 3 Alp 0.1 MINUTES: Meeting for the Commit" r�