Finance Committee

THAT all Budget Reports (Item 4.1), Items for Consideration (Item 4.2) and Consent Items (Item 4.3) BE APPROVED. Items 4.1.1, 4.1.2, 4.2.2, and 4.2.3 were separated for discussion purposes. 2 The following Items for Consideration and Consent Items not separated for discussion purposes were then voted on and approved: 4.2 ITEMS FOR CONSIDERATION 4.2.1 Subordination of the City of Brantford Interest in Brantford Hydro Inc. (BHI) Promissory Note [Financial Impact – none], 2019-356 A. THAT Report 2019-356 regarding the subordination of the City of Brantford’s interest in Brantford Hydro Inc. promissory note BE RECEIVED; and B. THAT the subordination and postponement of the City’s security interest in Brantford Hydro Inc. in favour of the Royal Bank of Canada BE APPROVED. 4.3 CONSENT ITEMS 4.3.1 Minutes THAT the following minutes BE ADOPTED: 4.3.1.1 Finance Committee - May 15, 2019 4.3.1.2 Finance Committee - Private and Confidential - May 15, 2019 Recorded vote on all Items for Consideration and Consent Items (Items 4.2.1, 4.3.1.1 and 4.3.1.2) not separated for discussion purposes: YES: (3): Councillor Utley, Councillor Martin, and Councillor VanTilborg

THAT Item 4.1.1 BE AMENDED to add the following as Clause B: B. THAT staff BE DIRECTED to report back to the Finance Committee at its next meeting on how Long Term Disability Costs are distributed and the corporate plan, by Department, to address. Recorded vote on the Amendment YES: (4): Councillor Utley, Councillor Martin, Councillor Carpenter, and Councillor VanTilborg

THAT Clause B BE AMENDED to read as follows: B. THAT Staff BE DIRECTED to prepare a 2020 Operating Budget that reflects current service levels with staff identifying options to reduce the 2020 Operating Budget to an increase of no greater than 2.5%. Recorded vote on the Amendment: YES: (4): Councillor Utley, Councillor Martin, Councillor Carpenter, and Councillor VanTilborg

WHEREAS on December 3, 2018, City Council appointed Councillor Martin to the following Boards: A. Brantford Energy Corporation B. Brantford Power Inc. C. Brantford Hydro Inc. D. Brantford Police Services; and WHEREAS members appointed to these Boards receive an honorarium; and WHEREAS Section 1.F(b) of By-law 81-2014, as amended (Council Honoraria By-law) requires additional benefits from any Board or Committee to be paid over or redirected to the City; and WHEREAS Section 1.F(c) of By-law 81-2014, as amended allows the honorarium paid to be redirected to a specific City account, by way of a resolution adopted by a majority vote; NOW THEREFORE BE IT RESOLVED: THAT the honoraria received for Councillor Martin’s appointment to the following Boards: A. Brantford Energy Corporation B. Brantford Power Inc. C. Brantford Hydro Inc. D. Brantford Police Services BE REDIRECTED to the Airport Reserve (RF0525) via Corporate Council Account 102101.67550. 8

THAT the Committee Move In-Camera to consider the following: 8.1 Confidential Information Regarding Minutes of Settlement for Assessment Appeals (CS2019-015) Litigation or potential litigation, including matters before administrative tribunals, affecting the municipality or local board