Taken from the roll call in the town’s own minutes. The minutes record who was not there and almost never why.
What was decided (14 motions)
14 carried, 0 recorded otherwise. Every motion below is printed as the minutes print it.
Resolved that the agenda for the January 23, 2025 Finance Committee Meeting be approved as amended.
Moved by Councillor D. Howe, seconded by Councillor J. Korstanje
Carried
Resolved that the following meeting minutes be approved: Finance Committee - October 24, 2024 Grimsby Economic Development Advisory Committee - January 14, 2025
Moved by Member B. Thomson, seconded by Councillor D. Howe
Carried
Resolved that the delegation from Frank Miele, Economic Development Officer be received for information.
Moved by Councillor J. Korstanje, seconded by Councillor D. Howe
Carried
Resolved that report FIN-25-09, 2024 External Audit Planning Report, dated January 23, 2025, be received for information.
Moved by Councillor D. Howe, seconded by Councillor J. Korstanje
Carried
Resolved that the Capital Financing Policy be amended to set the Town of Grimsby's internal debt servicing repayment limit below five percent of operating revenue.
Moved by Member A. Scandinavo, seconded by Councillor L. Vardy
Carried
Resolved that the Capital Financing Policy be amended to include an additional responsibility of the Finance Department, which is to report regularly to the Finance Committee on capital projects.
Moved by Member B. Thomson, seconded by Councillor D. Howe
Carried
Resolved that the Capital Financing Policy be amended to include "(Town Staff)" after "The Responsibilities of Project Managers" in 6.0(d).
Moved by Councillor L. Vardy, seconded by Member B. Thomson
Carried
Resolved that report FIN-25-02, Capital Financing Policy, dated January 23, 2025 be received; and, 1. That the Capital Financing Policy attached as Appendix A to this report be approved as amended.
Moved by Member A. Scandinavo, seconded by Member P. Demare
Carried
Resolved that report FIN-25-03, Procurement By-law Update, dated January 23, 2025 be received.
Moved by Councillor J. Korstanje, seconded by Councillor D. Howe
Carried
Resolved that report FIN-25-04, 2025 Finance Committee Workplan, dated January 23, 2025 be received.
Moved by Councillor J. Korstanje, seconded by Member P. Demare
Carried
Resolved that report FIN-25-05, 2024 Third Quarter Financial Update, dated January 23, 2025, be received.
Moved by Member A. Scandinavo, seconded by Member P. Demare
Carried
Resolved that report FIN-25-06, Casablanca Beach Park Development Phases 1 – 3 Budget Amendment, dated January 23, 2025 be received; and 1. That Council approves additional funding of $175,000 for the completion of the Casablanca Beach Park Project – Phases 1 – 3, for a total project cost of $4,516,060; and 2. That the project funding allocations be amended as recommended in the report.
Moved by Member A. Scandinavo, seconded by Member P. Demare
Carried
Resolved that report FIN-25-07, Peach King Centre Expansion - January 2025 Update, dated January 23, 2025 be received.
Moved by Councillor J. Korstanje, seconded by Councillor D. Howe
Carried
Resolved that report FIN-25-08, 2024 Tax Arrears Status Update, dated January 23, 2025, be received for information.
Moved by Councillor J. Korstanje, seconded by Member B. Thomson