October 23, 2017 Special Council Minutes

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2017-10-23 Council Mins.pdf134.72 KB
 
A special meeting of Council was held Monday, October 23, 2017 in the Council Chambers, Town Hall, Collingwood commencing at 4:00 p.m. for the specific reasons provided below.
 
MAYOR COOPER CALLED COUNCIL TO ORDER
 
Members of Council Present:                      
Mayor Sandra Cooper
Deputy Mayor Brian Saunderson
Councillor Tim Fryer
Councillor Mike Edwards
Councillor Cam Ecclestone
Councillor Kathy Jeffery
Councillor Deb Doherty
Councillor Bob Madigan
Councillor Kevin Lloyd – left @ 5:52 p.m.
 
Staff Present at the Public Session:                      
Sara Almas, Clerk
Marjory Leonard, Treasurer
Dan Thurman, Deputy Fire Chief
Jennett Mays, Communications Officer
                                              
ADOPTION OF AGENDA
No. 321-17      Moved by Deputy Mayor Saunderson
            Seconded by Councillor Madigan
 
THAT the content of the Special Council Agenda for October 23, 2017 be adopted as presented.
 
CARRIED
 
DECLARATIONS OF PECUNIARY INTEREST - Nil
 
IN-CAMERA (Braniff Room)
No. 322-17      Moved by Councillor Edwards
             Seconded by Deputy Mayor Saunderson
 
THAT this Council proceeds in camera in order to address a matter pertaining to:
checked  advice that is subject to solicitor/client privilege, including communications necessary for that purpose.
 
Items for discussion: a) Hydro Share Sale
 
CARRIED
 
Council proceeded to in-camera session as previously resolved.
 
Rise & Report (Public Session 5:00 p.m., Council Chambers)
 
Moved by Councillor Edwards
Seconded by Councillor Doherty
 
THAT Council rise from in-camera and return to public session. (5:01p.m.)
 
CARRIED
 
COUNCIL
Yea
Nay
Cooper
 
X
Saunderson
X
 
Fryer
X
 
Edwards
X
 
Ecclestone
X
 
Jeffery
X
 
Doherty
X
 
Madigan
X
 
Lloyd
 
X
TOTAL
7
2
No. 323-17      Moved by Deputy Mayor Saunderson
            Seconded by Councillor Ecclestone
 
THAT By-law No. 2017-076, being a by-law to authorize the Town of Collingwood to enter into agreements with EPCOR Utilities Inc. for the purchase or sale of its shares in  Collingwood PowerStream Utility Services Corporation, be enacted and passed this 23rd day of October, 2017.  
 
CARRIED (Recorded Vote)
 
Council recessed at 5:25 p.m. and reconvened at 5:51 p.m.
Councillor Lloyd left the meeting.
 
PRESENTATION
  • Hydro Share Sale Presentation
Mark Rodger, Solicitor, BLGprovided a detailed explanatory presentation of the processes taken to date and Council’s decision this evening to sell the Town’s shares in Collingwood PowerStream Utility Services Corporation. Mr. Rodger explained the process leading to the issuance of the Town’s offers, including the ‘buy / sell conditions’.  Alectra, formerly known as PowerStream has 20 days to decide whether it wishes to become 100% owner or allow Epcor to become 100% owner of the utility.  In both options, the Town would receive between $12.5 Million and $13 Million for its shares.  In 2012, the Town received $8 Million for selling its 50% to PowerStream.  Mr. Rodger outlined the conditions which protect Collingwood ratepayers, taxpayers as well as Collus PowerStream employees. 
 
The Town will hold a Public Information Session to provide further details of the agreement, once Alectra’s decision is known.
 
Residents were assured that electricity distribution rates are set, and will continue to be set by the Ontario Energy Board (OEB) and that the premium provided for the shares cannot be recoverable through the hydro rates.
 
 
CONFIRMATORY BY-LAW
No. 324-17      Moved by Councillor  Jeffery
            Seconded by Councillor Madigan
 
THAT By-law No. 2017-077, being a by-law to confirm the proceedings of the special  meeting of Council held October 23rd, 2017, be enacted and passed this 23rd day of October, 2017.
 
CARRIED
 
ADJOURNMENT
 
Moved by Councillor Jeffery
 
THAT the meeting of Council be hereby adjourned at 6:19 p.m. 
 
CARRIED
_______________________
MAYOR
 
 
            _______________________
CLERK 
No. of Pages: 
3pages
AttachmentSize
2017-10-23 Council Mins.pdf134.72 KB