Administration Finance Committee

"RESOLVED, THAT Report TM-09-07, Identified Budget Reductions be received and the budget changes found in the report be placed in the 2009 Budget.

Page 1 of 3 ADMINISTRATION & FINANCE May 11, 2009 "RESOLVED, That Report TM-09-05 dated April 15, 2009 regarding the 2009 Consolidated Budget be received, and 1. That the Consolidated Budget Summary appearing as Schedule A to Report TM-09-05 be approved as amended, to result in a total levy of $7,868,100 being included in the 2009 Tax Rate By-Law; and 2. That the 2009 Tax Rate By-law be developed and presented as soon as practicable; and 3. That payment of the actual costs applicable to the debenture financing of the Grimsby Library/Art Gallery and the Peach King Centre be derived from the interest and related payments provided to the Town through a Promissory Note with Grimsby Power Inc.; and 4. That for purposes of certainty and direction the amounts assessed to the operating budget for payment of the debentures identified in recommendation 3 are to be removed at the expiration of the debenture period (the year 2014); and 5. That the request for funding by GEDAC and the Grimsby Chamber of Commerce be

"RESOLVED, That Report TR 09-15 dated May 6, 2009 with regard to Tax Write-Offs be received and that the Total Write- Offs in the amount of $31,527.10 be approved."

"RESOLVED, That the correspondence from the Regional Municipality of Niagara dated April 16, 2009 regarding Funding Page 2 of 3 ADMINISTRATION & FINANCE May 11, 2009 Calculations for Niagara Specialized Transit be received for information."

"RESOLVED, That the correspondence from the City of Cornwall dated May 6, 2009 requesting the Provincial Government exempt items related to the rental of recreation facilities and registration fees for minor sports from the Harmonized Sales Tax, be received and supported."

"RESOLVED, That the accounts totalling $1,026,183.38 as per the listing dated May 6, 2009, be approved for payment."