FINANCIAL MANAGEMENT COMMITTEE MINUTES

 

Thursday, 2015 March 26

 

An ‘Open’ meeting of the Financial Management Committee was held in the Works Yard Training Room, 4800 Still Creek Drive, Burnaby, B.C. on Thursday, 2015 March 26 at 5:30 p.m.

                                                                     

1.

CALL TO ORDER

 

 

 

 

 

PRESENT:

Councillor D. Johnston, Chair

Councillor C. Jordan, Vice Chair

Councillor P. McDonell, Member

 

 

 

 

STAFF:

Mr. B. Moncur, City Manager

Mr. L. Pelletier, Director Planning and Building

Mr. L. Gous, Director Engineering

Mr. B. Klimek, Deputy Director Finance

Mr. J. Cusano, Deputy Chief Building Inspector

Ms. B. Zeinabova, Administrative Officer

 

The Chair called the Open meeting to order at 6:34 p.m.

 

2.

MINUTES

 

 

a)

Minutes of the Open meeting of the Financial Management Committee held on 2015 March 03

 

 

MOVED BY Councillor P. McDonell

SECONDED BY Councillor C. Jordan

 

THAT the minutes of the 'Open' meeting of the Financial Management Committee held on 2015 March 03 be adopted.

 

CARRIED UNANIMOUSLY

 

3.

REPORTS

 

 

MOVED BY Councillor P. McDonell

SECONDED BY Councillor C. Jordan

 

THAT the report be received.

 

CARRIED UNANIMOUSLY

a)

Report from the Director Finance

Re: Insurance Contract Renewals - Nine Programs

 

 

The Director Finance submitted a report requesting approval to award insurance contracts for the annual Property and Liability insurance programs maintained by the City.

The Director Finance recommended:

1. THAT the Financial Management Committee recommend Council approve the award of nine (9) contracts of insurance as specified in this report.  The total amount, payable to Willis Canada to fund the insurance premiums is $911,000.  Actual payment will be based on the financial insurance agreements.

 

MOVED BY Councillor P. McDonell

SECONDED BY Councillor C. Jordan

 

THAT the recommendation of the Director Finance be adopted.

 

CARRIED UNANIMOUSLY

 

4.

NEW BUSINESS

 

 

Councillor Jordan

Councillor Jordan requested an update regarding the impact of assessment increases on residents with regard to the Home Owner Grant eligibility.

Staff undertook to provide a memorandum to Council within two weeks.

 

 

Councillor Johnston

Councillor Johnston requested staff provide information regarding the average Burnaby home value and the assessment impacts, with breakdown on single family and multi-family dwellings.

Staff undertook to provide information to the Committee.

5.

INQUIRIES

 

 

There were no inquiries brought before the Committee at this time.

 

6.

CLOSED

 

 

Public excluded in accordance with Sections 90 and 92 of the Community Charter of BC.

 

 

 

MOVED BY COUNCILLOR P. MCDONELL 

SECONDED BY COUNCILLOR C. JORDAN

 

THAT this meeting do now recess.

 

                                                                                             CARRIED UNANIMOUSLY

 

The Open Committee meeting recessed at 6:43 p.m.

 

MOVED BY COUNCILLOR P. MCDONELL 

SECONDED BY COUNCILLOR C. JORDAN 

 

THAT the Open Committee meeting do now reconvene.

 

                                                                                             CARRIED UNANIMOUSLY

 

The Open Committee meeting reconvened at 6:44 p.m.

 

7.

ADJOURNMENT

 

 

MOVED BY Councillor P. McDonell

SECONDED BY Councillor C. Jordan

 

THAT this Open Committee meeting do now adjourn.

 

CARRIED UNANIMOUSLY

 

The Open meeting adjourned at 6:44 p.m.

 

 

 

 

 

 

 

 

 

 

________________________

________________________

Blanka Zeinabova

ADMINISTRATIVE OFFICER                  

Councillor Dan Johnston

CHAIR

 

No Item Selected