HomeMy WebLinkAboutAFC 2017-05-29 Minutes.pdf~
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City of Maple Ridge
Audit & Finance Committee Meeting Minutes
May 29, 2017
The Minutes of the Audit and Finance Committee Meeting held in the Blaney Room of the
Municipal Hall, 11995 Haney Place, Maple Ridge, BC on Monday, May 29, 2017 at
10:30 a.m.
PRESENT
Committee Members
Mayor Read
Municipal Staff
P. Gill, GM, Corporate & Financial Services
Councillor Masse, Chair
Councillor Robson
Councillor Speirs
W. McCormick, Acting GM, Parks Recreation & Culture
D. Pollock, Acting GM, Public Works & Development
Absent
Councillor Bell
Councillor Duncan
Councillor Shymkiw
C. Nolan, Manager of Accounting
T. Thompson, Manager of Financial Planning
A. Gaunt, Confidential Secretary
Other staff as required
Guests
Note: Councillor Speirs joined the meeting via phone
The meeting was called to order at 10:34 a.m.
1. Approval of the Agenda
It was moved and seconded
That the agenda for the May 29, 2017 Audit & Finance Committee meeting be
approved as circulated.
CARRIED
2. Approval of minutes of May B, 2017
It was moved and seconded
That the minutes of the Audit & Finance Committee of May 8, 2017 be adopted
as circulated.
CARRIED
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Audit & Finance Committee Meeting Minutes
May 29, 2017
Page 2
3. Business Planning Guidelines 2018-2022
Mr. Gill reviewed the staff report dated May 29, 2017 and provided an overview of
the 2018-2022 Business & Financial Planning Guidelines, including the proposed
property tax increases for the next 5-year financial planning cycle. The Committee
endorsed forwarding the proposed guidelines to Council for further discussion. The
Committee asked for a future discussion on infrastructure funding and tax rate
comparisons.
It was moved and seconded
That the 2018-2022 Business & Financial Planning Guidelines be forwarded to
Council
CARRIED
4. Maple Ridge/Pitt Meadows Community Services -Affordable Housing
Mr. Gill provided a presentation regarding the affordable housing development
project being considered by the Maple Ridge/Pitt Meadows Community Services
Council and their request for financial assistance from the City. Staff & board
members from the Community Services Council were available to answer
Committee questions regarding the project and the request for assistance. The
Committee discussed the proposed project, generally expressing a preference for a
policy approach to affordable housing rather than a one-off approach to a specific
project. The Committee asked that staff bring back information regarding possible
changes to the Community Amenity Program, specifically around affordable
housing. The Committee also asked for information regarding options for providing
a level of support to the Community Services project.
It was moved and seconded
That staff bring back a report outlining options for providing a level of support to
the MR/PM Community Services Affordable Housing project.
CARRIED
5. Debt Financing
Mr. Gill reviewed a letter provided to Mayor & Council about the City's obligation
regarding taxes collected for the principal and interest payments on the existing
town centre debt.
Adjournment -11:50
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