Finance Committee

Resolved that the April 25, 2024 Finance Committee agenda be approved.

Resolved that the following minutes be received:  Grimsby Economic Development Advisory Committee - February 1, 2024  Finance Committee - March 28, 2024  Grimsby Economic Development Advisory Committee - April 4, 2024

Resolved that the presentation from Hemson be received.

Resolved that the Finance Committee hereby approves the following item and that the consent item be approved on the recommendation as contained therein: FIN-24-12 a) That report FIN-24-12, Wastewater Levy & Budget Updates, dated April 25, 2024, be received as information.

Resolved that report FIN-24-11, 2023 Year-End Results and Reserve Transfers, dated April 25, 2024 be received; and 1. That the 2023 surplus (deficit) listed below be transferred to (from) reserves as outlined in Appendix C:  $2,272,894 in Operational Levy  ($1,080,778) in wastewater  $268,868 in water  $31,294 in Downtown Improvement Area; and 2. That $100,000 of the year-end surplus be approved as a budget amendment to fund the 2024/2025 Grimsby Community Development Grant Program.

Resolved that report FIN 24-13 2024 Tax Levy and Tax Rates, dated April 25, 2024, be received; and 1. That the Finance Committee recommends Council approve the following recommendations:  That the 2024 tax ratios and sub-class reductions as outlined in Schedule "A" be adopted in accordance with Regional By-law 2024-19; and  That the Town of Grimsby general tax rates as outlined in Schedule "B" be approved; and  That the Region of Niagara general tax rates as outlined in Schedule "C" be adopted in accordance with Regional By-law 2024-18; and  That the Region of Niagara waste management tax rates as outlined in Schedule "D" be adopted in accordance with Regional By-law 2024-18; and  That the Region of Niagara transit tax rates as outlined in Schedule "E" be adopted in accordance with Regional By-law 2024-18; and  That the Education tax rates as outlined in Schedule "F" be adopted in accordance with Ontario Regulation 400/98; and  That the Town of Grimsby Wastewater rates as outlined in Schedule "G" be approved; and  That the Grimsby Downtown Business Improvement Area rates as outlined in Schedule "H" be approved; and  That a 2024 Tax Rates and Tax Levy By-law be prepared and the information outlined in Schedule A through H be included in the By- law.

Resolved that the Staff Memorandum on the Peach King Centre Expansion be received.

Resolved that the Finance Committee accept Councillor Charrois' resignation.