161122 Budget Council MIN
ATTENDANCE
Mayor Stephen Molnar Deputy Mayor Dave Beres
Councillor Penny Esseltine
Councillor Jim Hayes Councillor Chris Rosehart
Councillor Brian Stephenson Staff:
Janelle Costantino, Manager of Finance Rick Cox, Director of Recreation, Culture & Parks
Kevin DeLeebeeck, Director of Operations
Jeff Smith, Fire Chief Eric Flora, Manager of Engineering
Tricia Smith, Deputy Clerk
Regrets:
Councillor Maxwell Adam
David Calder, CAO Donna Wilson, Town Clerk
1. Call to Order
The meeting was called to order at 1:02 p.m.
2. Adoption of Agenda
Resolution #1
Moved By: Councillor Hayes Seconded By: Councillor Rosehart
THAT the Agenda as prepared for the Council meeting of Tuesday, November 22, 2016, be adopted.
Carried
3. Moment of Silence
The Corporation of the Town of Tillsonburg
BUDGET COUNCIL MEETING
Tuesday, November 22, 2016
1:00 PM
Council Chambers
200 Broadway, 2nd Floor
MINUTES
Council Meeting Minutes, November 22, 2016 2
4. Disclosures of Pecuniary Interest and the General Nature Thereof
There were no disclosures of pecuniary interest declared.
5. Adoption of Council Minutes of Previous Meeting
5.1. Budget Council Minutes of November 17, 2016
161117 Budget Council MIN
Resolution #2
Moved By: Councillor Rosehart Seconded By: Councillor Hayes
THAT the Minutes of the Budget Council Meeting of November 17, 2016, be approved.
Carried
6. Tillsonburg Asset Management Plan
6.1. FIN 16-33 2016 Asset Management Plan – Financing Strategy
FIN 16-33 2016 Asset Management Plan ? Financing Strategy
Asset Management Plan
Staff presented the financial strategy for the proposed asset management plan to
council.
Council asked questions throughout the presentation.
Staff to provide Council with a map identifying the locations of the Town’s bridge and
culvert assets.
Staff to circulate a list of the Town’s current debt to council and identify what the Town
is paying.
Staff to consult with the County to determine if debt financing can be renegotiated and
lumped together to achieve cost savings.
Resolution #3
Moved By: Councillor Stephenson Seconded By: Councillor Esseltine
THAT Council receive Report FIN 16-33 2016, Asset Management Plan – Financing
Strategy;
AND THAT Council considers implementing a 1.5% special infrastructure tax levy to be
included as part of the 2017 budget;
Council Meeting Minutes, November 22, 2016 3
AND THAT Council establishes the Infrastructure Reserve to fund future capital
expenditures;
AND THAT Council adopts and endorses the 2016 Asset Management Plan.
Defeated
Moved By: Councillor Stephenson Seconded By: Councillor Esseltine
THAT Council receive Report FIN 16-33 2016, Asset Management Plan – Financing
Strategy;
AND THAT Council considers implementing a special infrastructure tax levy to be
included as part of the 2017 budget;
AND THAT Council establishes the Infrastructure Reserve to fund future capital
expenditures;
AND THAT Council adopts and endorses the 2016 Asset Management Plan.
Carried
7. By-Laws
By-Laws from the Meeting of November 22, 2016
By-Law 4056
Resolution #4
Moved By: Councillor Esseltine Seconded By: Councillor Stephenson
THAT By-Law 4056, To confirm the proceedings of Council at its meeting held on the 22nd
day of November, 2016, be read for a first, second and third and final reading and that the
Mayor and the Deputy Clerk be and are hereby authorized to sign the same, and place the
corporate seal thereunto.
Carried
8. Adjournment
Resolution #5
Moved By: Deputy Mayor Beres Seconded By: Councillor Esseltine
THAT the Budget Council Meeting of November 22, 2016, be adjourned at 2:55 p.m.
Carried