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Oct 3,2017 Finance Committee

Finance Committee
 
Agenda            Minutes
 

2.1 Adoption of Minutes

FC17/074
Moved, seconded, and CARRIED
THAT the minutes of the Finance Committee meeting held on Tuesday, September 5, 2017 be adopted.

4.1 Funding Source for Townsite Tales: The History of Ioco
Memo: Finance and Technology Department Financial Services Division, dated September 25, 2017 File: 01-0230-01

FC17/075
Moved, seconded, and CARRIED
THAT the $5,000 approved for the pre-purchase of 100 copies of Townsite Tales: The History of Ioco at $50 each be funded from Council Contingency.

4.2 2018-2022 Utilities Financial Plan Draft
Report: Finance and Technology Department Financial Services Division, dated September 25, 2017 File: 05-1700-03

 
Staff gave a presentation of the draft 2018-2022 Utilities Financial Plan, noting the timeline, factors for the rate increases, and a comparison of the utility fees to other local municipalities.
Staff answered questions regarding the 2018 rate increase and fair and equitable rate structures.

Action: Staff to report back with additional information on the increased costs for Solid Waste, including reasons for which a new garbage truck is needed.
Action: Staff to report back on initiatives being taken to reduce utility costs, including ways to reduce contamination penalties levied by Multi-Material BC and increasing recycling-related bonuses that are directed to reserve funds.

FC17/076
Moved and seconded
THAT single family detached home water rates be capped at $450 per household;
AND THAT the remaining utility costs be distributed evenly among multi-family households.

FC17/077
Moved, seconded, and CARRIED
THAT the foregoing motion be referred to an upcoming Committee of the Whole meeting for discussion.

FC17/078
Moved, seconded, and CARRIED
THAT the report dated September 25, 2017 from Finance and Technology Department Financial Services Division regarding 2018-2022 Utilities Financial Plan Draft be received for information.

6. Adjournment
Councillor Lahti adjourned the meeting at 6:55pm

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