Administration Finance Committee

Resolved that the 2015 Art Gallery Financial Statement be approved.

Resolved that the Council of the Corporation of the Town of Grimsby enacts By-law No. 16-51 to amend By-No. 14-84, a By- law to establish Development Charges, by adding a Deferral Program, provided that the by-law is amended to include a notification to Council each time the program is activated.

Resolved that Report TC 16-08 dated July 28, 2016 be received and that the revised Accessibility Policy attached as Schedule A to this report be adopted by the Council of the Town of Grimsby.

Resolved that Report TC 16-09 dated August 3, 2016 be received and that the Administration & Finance Committee recommend to Council the changes contained in draft By-law No. 16-50 as proposed, provided that the provisions for a Mayor's alternate be amended as discussed.

Resolved that Report TC 16-10 dated August 3, 2016 be received and that the Administration & Finance Committee recommend that staff continue to pursue solutions to inequities in ward population.

Resolved that Michelle Seaborn be appointed to the Board of Directors of Niagara Power Incorporated, such appointment to take effect immediately following Fortis agreeing to the amendment to the Shareholders' Declaration as outlined in By-law No. 16-50.

Whereas NPI is an Ontario corporation formed pursuant to articles of amalgamation dated June 17, 2009 (“Articles”); and, Whereas the Town and FortisOntario Inc. (“Fortis”) entered into a shareholders’ agreement (“NPI Agreement”) dated June 17, 2009 relating to NPI and Grimsby Power Incorporated (“GPI”), a wholly- owned subsidiary of NPI, providing for the operation of GPI and regulating changes in the ownership of NPI; and, Whereas in addition to GPI, Grimsby Hydro Inc. (“GHI”) and Grimsby Energy Inc. (“GEI”) are wholly-owned subsidiaries of NPI (GPI, GHI and GEI together with Holdco2, collectively, the “Subsidiaries”). Niagara West Transformation Corporation, a predecessor wholly-owned subsidiary of NPI, amalgamated with GPI effective October 1, 2015 as approved and authorized by the Town and Fortis; and, Whereas the Town and Fortis wish to restructure the Subsidiaries to align more directly with the intended governance and economic benefit expectations of the shareholders by the segregation of GHI and GEI such that they be entirely owned by the Town; and, Page 4 of 5 Administration & Finance Committee August 8, 2016 Whereas the specific steps to complete the restructuring (the “Restructuring”) have been set out in a tax planning memorandum prepared by Borden Ladner Gervais LLP and delivered to NPI and GPI, which Restructuring has been approved by the boards of directors of NPI and GPI; and, Whereas the corporate structure which will result following the Restructuring is set

Resolved that the correspondence from The Forty Public House with reference to permission to close Main Street in Grimsby for a Tragically Hip concert special event be received.