Report to/Rapport au :
Submitted by/Soumis
par : Nancy
Schepers, Deputy City Manager/Directrice municipale adjointe,
Planning, Transit and the Environment/Urbanisme, Transport en commun et
Environnement
Contact Person/Personne ressource : Rob Mackay, Director
Economic
and Environmental Sustainability/Direction de la viabilité économique et de la
durabilité de l’environnement
(613)
580-2424 x 22632, Rob.Mackay@ottawa.ca
SUBJECT:
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OBJET :
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VILLE D’OTTAWA – ENTENTE DE FINANCEMENT – CENTRE DES CONGRÈS D’OTTAWA |
REPORT
RECOMMENDATION
That Council substitute Recommendation No. 4 of funding approval that was granted by Council on November 28, 2007 for the Ottawa Congress Centre (OCC) (Document 1) with the following:
4A. Direct
the City Manager to execute a funding agreement based on the following amended
conditions having been satisfied:
a. The City receiving a copy of a letter from the Government of Ontario
(Document 4) confirming among other things that:
i.
the OCC
will continue to operate an expanded convention facility and that it will
continue to be responsible and accountable to the Government of Ontario for its
operational and financial performance under the Crown Agency Act.
ii.
the OCC is
responsible for the costs of redevelopment of the Ottawa Congress Centre and is
the lead in the redevelopment and overall management of this project, and;
iii.
the City’s
financial contribution towards the redevelopment of the OCC is limited to $40
million,
b.
The City receiving written
confirmation from the Government of Ontario, in a form satisfactory to the City, that it has issued to the OCC $30
million for the reconstruction of the OCC facility in keeping with its previous
funding commitment and detailing and committing its additional $20 million
contribution to the project.
c. The City receiving a copy of a letter from the
Government of Canada to the OCC detailing its $50 million commitment to fund
the redevelopment of the OCC facility in accordance with the “Building Canada
Fund” or other appropriate Federal Funding program, with associated funding
conditions,
in a form satisfactory to the City.
4B. Direct the City Manager to release the
City’s funding less a financial holdback of up to 10 per cent subject to the
following conditions being satisfied:
a.
The City
receiving a copy of the fully executed funding agreement between the OCC and
the Government of Canada detailing and committing its $50
million contribution to the project, in a form acceptable
to the City.
b. The City receiving written confirmation from the OCC that sufficient
debt financing from its lenders of no less than $30 million to an upset of $40
million, over and above the Municipal, Provincial and Federal Government
project funding, has been unconditionally committed in a form satisfactory to
the City.
c.
Approval of
the OCC facility design and road design concept for Colonel By Drive by the
National Capital Commission, and by the City under its site plan control
process and in compliance with the City’s Urban Design Strategy.
d.
The City
receiving a copy of the fully executed and binding restated lease between the
OCC and the Viking Rideau Corporation (VRC) in form and content satisfactory to
the City.
e.
The City
receiving a copy of the fully executed and binding development and construction
agreement between the OCC and VRC in a form and content satisfactory to the
City.
f.
The City
receiving a copy of non-disturbance agreements from all of VRC’s current
mortgagees in form and content satisfactory to the City.
g.
The City
receiving from the OCC its written confirmation that it shall use a competitive
process, as pre-approved by the City, to acquire all equipment, services,
supplies and for construction.
h.
The City
receiving written assurances from the OCC that they shall not change the use of
the facility, or assign, transfer charge or mortgage the leasehold interest in
all or part of the new facility for a minimum of 30 years following completion
of the new facility, without prior written consent of the City.
4C. Direct the City Manager to release the
financial holdback on the project once the following terms and covenants of the
agreement are satisfied:
a.
The OCC no
later than 30 months after construction of the project, will achieve LEED
(Leadership in Energy and Environmental Design) Silver certification for the
OCC Building and that Green Roof technology be incorporated in the OCC facility. In the event that LEED Silver certification is not
achieved and/or Green Roof technology is not incorporated in the facility
within such 30-month period, but the OCC has used reasonable commercial efforts
to the satisfaction of the City to do so, the City may remit funds held back
for this purpose to the OCC.
b.
The City receiving
copies of memoranda of understanding between the OCC and various tourism and
business organizations indicating their financial contribution towards the
financial sustainability of the OCC operations resulting in an estimated
aggregate annual contribution of $1,500,000 subject to the stated renewal terms
that may be included in each memorandum, in a form
satisfactory to the City.
4D. Direct the City Manager to include the following
amended condition to be included in the funding agreement prior to its
execution:
a. In the event feasibility and other studies conducted by or on
behalf of the City require or identify opportunities for direct and convenient
pedestrian access to a rapid transit station (e.g. Downtown Tunnel
Environmental Assessment Study), the OCC and the City shall have negotiated,
executed and delivered a binding agreement whereby the OCC shall commit to
direct funding equivalent to $1,500,000 to implement in accordance with the City’s
Transit Oriented Development Guidelines.
RECOMMANDATION DU RAPPORT
4A. Demander
au directeur municipal de signer une entente de financement dans la mesure où
les conditions modifiées suivantes sont satisfaites :
a.
Que la Ville reçoive du gouvernement
de l’Ontario copie d’une lettre (Document 4) confirmant, entre autres
choses :
i.
que le CCO continuera
d’exploiter un centre des congrès élargi et continuera de rendre compte à la
province pour l’exécution de ses responsabilités financières et autres;
ii.
que le CCO est
responsable des coûts de réaménagement du Centre des congrès d’Ottawa et prend
en charge le réaménagement et la gestion globale de ce projet;
iii.
que la contribution
financière de la ville au projet de réaménagement du CCO se limite à
40 millions de dollars;
b.
Que la Ville reçoive du gouvernement
de l’Ontario une confirmation écrite, sous une forme jugée acceptable par la
Ville, qu’il a accordé au CCO 30 millions de dollars pour la
reconstruction des installations du CCO, conformément à son engagement de financement
préalable et formulant les détails d’une contribution additionnelle de
20 millions de dollars au projet, ainsi que son engagement à verser la
somme;
c.
Que la Ville reçoive
copie d’une lettre du gouvernement du Canada à l’intention du CCO décrivant les
modalités de son engagement de 50 millions de dollars au financement du
réaménagement des installations du CCO en conformité avec le Fonds Chantiers
Canada ou tout autre programme de financement fédéral pertinent, assorti des
conditions de financement, sous une forme jugée acceptable par la Ville.
4B. Demander
au directeur municipal de débloquer les fonds accordés par la Ville moins une
retenue pouvant atteindre 10 pour cent, subordonnée aux conditions
suivantes :
a.
Que la Ville reçoive une
copie dûment signée de l’entente de financement entre le CCO et le gouvernement
du Canada précisant les détails de sa contribution de 50 millions de
dollars au projet et son engagement de verser cette somme, sous une forme jugée
acceptable par la Ville;
b.
Que la Ville reçoive une
confirmation écrite du CCO indiquant qu’un financement par emprunt suffisant de
ses prêteurs d’au moins 30 millions de dollars et d’au plus
40 millions de dollars, en sus des subventions accordées par les
gouvernements municipal, provincial et fédéral pour le projet, a été engagé
sans condition, sous une forme jugée acceptable par la Ville;
c. L’approbation d’un nouveau concept d’aménagement des
installations et de la route pour la promenade Colonel‑By par la
Commission de la Capitale nationale et par la Ville en fonction du processus de
réglementation du plan d’implantation et en conformité avec la Stratégie de
conception urbaine de la Ville;
d. Que la Ville reçoive copie dûment signée et exécutoire
du bail reformulé entre le CCO et la Viking Rideau Corporation (VRC) dont le
contenu et la forme sont jugés acceptables par la Ville;
e. Que la Ville reçoive une copie dûment signée et
exécutoire de l’entente de mise en valeur et de construction entre le CCO et
VRC dont le contenu et la forme sont jugés acceptables par la Ville;
f.
Que la Ville reçoive une
copie dûment signée des accords antinuisance de tous les créanciers actuels de
la VRC dont le contenu et la forme sont jugés acceptables par la Ville;
g. Que la Ville reçoive du CCO la confirmation par écrit qu’il
adoptera un processus concurrentiel, ayant été approuvé d’avance par la Ville,
en vue d’acquérir l’ensemble du matériel, des services et des ressources ainsi
que pour la construction.
h. Que la Ville reçoive l’assurance par écrit du CCO
qu’il ne modifiera pas l’utilisation de l’installation ni ne cédera, ni ne
transférera aux responsables ou aux créanciers les intérêts à bail, en tout ou
en partie, de la nouvelle installation sans le consentement écrit préalable de
la Ville.
4C. Demander au directeur municipal de
débloquer la retenue de garantie du projet une fois les conditions et les
engagements de l’entente remplis, notamment :
a. Que le CCO, pas plus de 30 mois après la
construction du projet, obtiendra la certification argent de la norme LEED
(Leadership in Energy and Environmental Design) pour l’immeuble du CCO et verra
à intégrer aux installations du CCO la technologie du toit végétal. Dans le cas
où les installations n’obtiendraient pas la certification argent de la norme
LEED ou que la technologie du toit végétal ne serait pas intégrée dans le délai
de 30 mois, mais que le CCO fait preuve d’efforts commerciaux raisonnables
pour le faire, à la satisfaction de la Ville, la Ville peut remettre au CCO les
fonds retenus.
b.
Que la Ville reçoive une copie des
protocoles d’entente entre le CCO et les divers organismes de tourisme et
d’affaires indiquant leur participation financière en vue de la viabilité
financière des opérations du CCO représentant une contribution annuelle estimée
au total à 1,5 million de dollars, en tenant compte des conditions de
renouvellement énoncées qui pourraient être incluses dans chaque protocole,
sous une forme jugée acceptable par la Ville.
4D. Demander que les conditions modifiées suivantes
soient incluses dans l’entente avant son exécution :
a. Dans le cas où les études de faisabilité ou
d’autres études menées par la Ville ou pour son compte nécessiteraient ou
souligneraient les possibilités d’un accès direct et pratique pour les piétons
à une station des couloirs de transport en commun rapides (p. ex. Downtown
Tunnel Environmental Assessment Study –Étude d’évaluation environnementale du
tunnel du Transitway [au centre‑ville]), le CCO et la Ville auront
négocié, exécuté et réalisé une entente ayant force obligatoire selon laquelle
le CCO se sera engagé à fournir un financement direct équivalent à 1,5 million
de dollars pour sa réalisation, conformément aux Lignes directrices sur
l’utilisation du sol et la conception des aménagements axés sur le transport en
commun.
BACKGROUND
On November 28, 2007, City Council reconfirmed Council’s commitment to provide $25 million with an additional $15 million for the capital construction costs of a new and expanded OCC.
The total City funding commitment of $40 million
was made subject to a number of conditions, all to be satisfied prior to
execution of a funding agreement and release of any funding (see Document 1).
This required all matters to be in order for both parties to be in a position
to sign the funding agreement regardless of the timing involved to satisfy
certain conditions.
During negotiations of the legal agreement with
the OCC, it became apparent that due to the sequencing of the project and other
extenuating circumstances, not all of Council’s conditions could be satisfied
prior to the execution of the agreement. As well, new information from the
funding partners requires that some of Council’s conditions need to be amended.
Accordingly, staff are recommending changes occur to these conditions and the
timing of when they are to be satisfied. To stay to the current schedule for
the delivery of the project, staff are now recommending that Council’s previous
conditions be amended and reordered to protect the City of Ottawa and to allow
enough flexibility so that the project can move forward. In order to obtain
these two objectives, staff will place the conditions into three categories:
1)
Conditions that
must be satisfied prior to the execution of the agreement;
2)
Conditions of
funding that must be satisfied once the agreement is executed and before any
funding is released; and
3)
Conditions that
are covenants to the agreement some of which are subject to a financial
holdback.
A signed agreement with the City is fundamental
to the critical path for the OCC’s procurement planning process and
redevelopment schedule calling for the demolition of the existing facility to
commence by August 30, 2008.
Confirmation of the Provincial funding
commitment for an additional $20 million, for a total of $50 million has
recently been received and secured by the OCC. A letter from the Province of
Ontario to the OCC, indicating commitment of a funding grant is shown in
Document 2.
The OCC’s negotiations for funding from the
Federal Government are ongoing. At this time, the Federal Government has indicated
that the likely source of Federal funding will be from the “Building Canada
Fund”. The City has received a letter from the Federal Government (Document 5)
providing their funding commitment for the redevelopment of the OCC. However, a
formally signed Federal funding agreement will become a condition of delivering
City funding.
DISCUSSION
Amending and restructuring Council’s November
2007 recommendations to now make them conditions of execution, funding, or
covenants will allow the OCC to stay on schedule and proceed with its planning
and procurement processes. As directed by Council in November 2007, the funding
agreement cannot be signed and executed until all conditions are met. However,
the OCC must proceed with its procurement process and secure bridge financing
as it believes it will be unsuccessful in attracting and securing qualified
tier one consortiums to build the facility unless there are agreements in place
that clearly define and specify the timing of the funding partners commitments
and conditions under which the funding will flow to the project. In amending
and restructuring Council’s conditions of approval to reflect where the OCC
negotiations with the three levels of government have progressed to, the OCC
believes it can now move the project forward.
The following describes the issues related to the
recommendations in this report:
4A - Conditions of Execution
There are a number of key conditions of approval
that can be satisfied in the short term that will allow the execution of a
funding agreement between the City and the OCC and allow the OCC to proceed
with its procurement plans on schedule.
The City has received a two-page letter from the
Province to the OCC outlining its funding approval and associated
conditions. Specifically, the letter
stipulates that the Province has approved the OCC funding request for an
additional $20 million in the form of a funding grant without the requirements
of a formal agreement. This grant is in addition to the existing
$30 million the OCC previously received from the Province. Consequently,
the City’s conditional funding requiring receipt of a formally signed funding
agreement between the OCC and the Province has been made redundant due to the
approved grant received by the OCC.
City staff therefore recommend that Council accept the terms of the
Provincial grant and amend funding condition 4(c) Document 1, accordingly. The
OCC now has received the full $50 million funding commitment from the Ontario
Ministry of Tourism.
The OCC has also received written confirmation from the
Ontario Financial Authority (OFA) that $40 million in debt financing for the
OCC has been positively reviewed but at this point approval is preliminary and
ongoing (Document 3). For this reason,
City Council’s condition 4(e) Document 1, requiring final OFA authority for
debt financing is being recommended as a condition of City funding to allow the
agreement to be signed in advance and additional time for the condition to be
satisfied.
To facilitate execution of an agreement,
Staff are recommending an amendment to Council’s conditions 4(a) and 4(g)
Document 1, that the Province provide written confirmation that it is the sole
owner of the OCC and assumes continuing financial responsibility for its
operations. The OCC is a Crown agency and reports to the Ministry of Tourism.
Crown agencies are created to be self-sustaining. In this case, the OCC as a
crown agency, has the statutory mandate under the Ottawa Congress Centre Act to
operate, manage and maintain an international class convention centre and is
accountable to the Province in carrying out its responsibilities. The position
of the Ministry of Tourism is that if it were to guarantee the obligations of
its crown agencies, there would be no means of holding them accountable or to
be self-sustaining. Although the City has not received guarantees from the
Province that it will cover any potential operating deficits in the future,
staff are not aware of situations where the Province has allowed a crown agency
to declare bankruptcy. The Province has also confirmed among other things that:
i.
the OCC will
continue to operate an expanded convention facility and that it will continue
to be responsible and accountable to the Government of Ontario for its
operational and financial performance under the Crown Agency Act.
ii. the OCC is responsible for the costs of
redevelopment of the Ottawa Congress Centre and is the lead in the
redevelopment and overall management of this project, and;
iii. the City’s financial contribution towards the
redevelopment of the OCC is limited to $40 million.
The City’s funding agreement with the OCC will also stipulate that any project costs beyond the eligible costs, any cost overruns, and any costs related to the on-going operation and maintenance of the facility will be the OCC’s responsibility, and that it will not seek any further financial contribution from the City of Ottawa towards the new facility during its entire lifecycle design.
With respect to condition 4(d) of Council’s
November 2007 approval requiring the City to receive a fully executed funding
agreement from the Federal Government, the OCC has indicated that although
negotiations are going well, there will be approximately six Federal
Departments who will be involved in the review and input for funding approval.
The OCC has indicated that the review process and the ability to produce a
signed agreement is not expected to be completed until the end of this summer.
Consequently, City staff have advised the OCC that in the absence of a signed
agreement at this time from the Federal Government, the OCC must provide the
City with copy of a letter from the
Federal Government expressing its funding commitment and related conditions.
This will allow City staff to review potential points of conflict prior to
signing the City’s funding agreement with the OCC. The City has now received such a letter addressed to the OCC from
the Federal Government expressing its funding commitment (Document 5). However,
a signed legal agreement between the OCC and the Federal Government will become
a condition of delivering any funding.
4B – Conditions of Funding
There are certain conditions that cannot be met
in the short term and prior to the execution of the funding agreement.
Nevertheless, these conditions were fundamental to Council’s funding approval.
Therefore, these conditions will be included and reflected in the funding
agreement as conditions not of execution but conditions that must be met prior
to the release of any funding. This will allow the agreement to be signed now
but will also ensure that conditions such as the signed legal agreement between
the OCC and the Federal Government are met before funding is advanced.
There is one proposed amendment to the Council approved recommendations in this grouping pertaining to condition 4(k) Document 1. This funding condition requires written assurances from the OCC and the Province requiring prior written consent from the City if they were to contemplate changing the use of the facility or transfer the mortgage or lease for the duration of the lease with the Viking Rideau Centre (VRC). The term of the new lease is 80 years from the time the redevelopment is completed, which can be no later than October 31, 2010. It is recommended that this condition be amended to require prior consent from the City approximately 30 years following the completion of the new facility rather than for the duration of the 80-year lease with VRC. The first major renovation and retrofit to the new building is expected at about the year 2040. This will allow an opportunity for review of existing agreements when this occurs. The OCC must operate as a Convention Centre during the term of the VRC lease except that it can cease to operate for three thirty month periods. These 30-month periods are to allow for possible major redevelopments of the OCC.
4C -Terms of Covenants Subject to Financial
Holdback
There are certain conditions of funding approval that are
ongoing warranties which cannot be met until the construction is completed such
as condition 4(l) from Council’s November 2007 approval. This condition
requires the OCC to use reasonable commercial efforts to achieve LEED
(Leadership in Energy and Environmental Design) Silver certification for the
building. As a result, the agreement will be structured such that these
conditions will be positioned as covenants whereby the City will holdback up to
10 per cent of its funding until they have been satisfied.
CONSULTATION
The OCC and the Ontario
Ministry of Tourism have been consulted and are aware of the recommendations of
this report.
FINANCIAL
IMPLICATIONS
The City’s existing
funding commitment is not impacted.
SUPPORTING DOCUMENTATION
Document 1 Council approved funding conditions for
the Ottawa Congress Centre (November 28, 2007)
Document 2 Government
of Ontario Funding Approval
Document 3 Letter
from the Ontario Finance Authority
Document 4 Government
of Ontario Written Assurances
Document 5 Federal
Government Letter of Funding Commitment
DISPOSITION
Upon Council approval
of the Recommendations, The Economic and Environmental Sustainability Branch
will proceed to finalize and execute a funding agreement with the OCC.
COUNCIL APPROVED FUNDING CONDITIONS FOR THE
OTTAWA CONGRESS CENTRE
(NOVEMBER 28, 2007) DOCUMENT
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OTTAWA
CITY COUNCIL
28 November 2007 ANDREW S. HAYDON
HALL
10:00 a.m. MINUTES 25 |
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18. CITY OF OTTAWA SUPPORT FOR OTTAWA |
Committee Recommendations as amended
That Council:
1. Support
the Ottawa Congress Centre (OCC) planned reconstruction and expansion as a
Strategic Priority Initiative and reconfirm City Council’s commitment as per
Motion No. 57/4 (Document 1) to provide $25 million for the capital
construction costs to be financed by a debenture in that amount;
2. Contribute
an additional $15 million as a Strategic Priority Initiative for the OCC’s
planned reconstruction and expansion and authorize debt financing in the same
amount, subject to Council’s deliberations of the 2008 budget;
3. Withdraw
its total funding contribution of $40 million to the OCC project if the City
has not received written confirmation that all project funding is secured and a
conditional building permit has been released for the project by December 31st
2008; and
4. Delegate
responsibility to the City Manager to negotiate, approve and execute a
contribution funding agreement with the OCC upon satisfactory completion of conditions
that include but are not limited to the following:
a. The City
receiving from the Government of Ontario its assurance, in a form satisfactory
to the City, that the Province is the sole owner of the OCC and assumes the
continuing full and final financial responsibility for the OCC, as it is
currently constituted or any permitted successor thereof.
b. The City
receiving written confirmation from the Government of Ontario that it has
issued to the OCC $30 million for the reconstruction of the Ottawa Congress
Centre in keeping with its previous funding commitment.
c. The City
receiving a copy of the fully executed funding agreement between the OCC and
the Government of Ontario detailing and committing its additional $20 million
contribution to the project.
d. The City
receiving a copy of the fully executed funding agreement between the OCC and
the Federal Government detailing and committing its $50 million
contribution to the project.
e. The City
receiving written confirmation from the OCC that sufficient debt financing from
their lenders of no less than $30 million to an upset of $40 million, over
and above the Municipal, Provincial and Federal Government project funding
requested herein, has been unconditionally committed and will be secured by the
Government of Ontario for the Ottawa Congress Centre project.
f. The City
receiving executed legal agreements between the OCC and organizations such as
the Ottawa Airport Authority (OAA) and the Ottawa Gatineau Hotel Association
(OGHA) that specifies a combined annual payment with a minimum term of 25 years
of $1.5 million that is to be indexed for inflation to ensure the financial
sustainability for the OCC operations.
g. The City
receiving written assurances from the Government of Ontario together with any necessary
approvals by the Minister of Finance in a form satisfactory to the City, that
it assumes ultimate ownership of the OCC and that any operational shortfalls
and/or debt under the current OCC governance model or under any future
governance model of the OCC will be appropriately addressed by the OCC and the
Government of Ontario, and not by the City.
h. That a
new building design and road design concept for Colonel By Drive be developed
by the OCC for review and written approval by both the National Capital
Commission (NCC) and the City of Ottawa.
i. That the
OCC design meets the requirements of the “Downtown Ottawa Urban Design
Strategy”.
j. The City
receiving and being satisfied with the terms of the final executed amended and
restated lease between the OCC and the Viking Rideau Corporation (VRC) and with
the final executed development and Construction Agreement between the same
parties, and receiving non-disturbance agreements from all of VRC’s current
mortgagees.
k. The City
receiving written assurances from the OCC and Province, that they shall not
change the use of the facility, or assign or transfer charge or mortgagee, the
leasehold interest in all or part of the new facility for the duration of the
lease with the VRC, without prior written consent of the City.
l. The OCC
demonstrating to the satisfaction of the City that it will use reasonable
commercial efforts to achieve LEED (Leadership in Energy and Environmental
Design) Silver certification for the Ottawa Congress Centre Building and that
Green Roof technology be incorporated where possible.
m. The OCC
agreeing to direct 1.5% of the final construction budget (currently estimated
at $159 million) for the OCC project towards implementing the City’s Transit
Oriented Development Guidelines. Such funding will be used to integrate the
downtown transit network, into the Congress Centre project and improve transit
services to and from the building.
n. The OCC
agree that the release of the City’s funding of $40 million for the project be
conditional on all required approvals and/or permits under the Planning Act and Building Code Act for the projects development have been obtained
including any required approvals from the Provincial and Federal Governments.
o. The City
receiving from the OCC its written confirmation that it shall use a competitive
process, as pre-approved by the City, to acquire all equipment, services,
supplies and for construction.
5. Approve that the Ottawa Congress Centre be requested to
work with the City of Ottawa to identify potential sources of revenue from the
Centre that would repay the $40 million dollar investment by the City for the
capital construction of the Centre – such sources of revenue could include:
a) a portion of any revenues over expenses of the Centre;
b) having the Province provide grants in lieu of taxes for the
Centre until the grant is repaid, including any interest costs incurred by the
City;
c) negotiating a share of G.S.T. and/or P.S.T. paid for services at the Centre until the
grant is repaid;
d) other possibilities; and
6. Approve that the Corporate Services and Economic
Development Committee receive a report on progress made on these initiatives on
at least an annual basis.
MOTION
NO. 25/8
Moved by Councillor P. Hume
Seconded by
Councillor J. Harder
That recommendation #2 be replaced with the following:
Contribute an additional $15M as a Strategic Priority Initiative for the
OCC’s planned reconstruction and expansion and authorize debt financing in the
same amount as part of the 2007 capital budget.
CARRIED with Councillors C. Doucet and P.
Feltmate dissenting.
Corporate Services and Economic Development
Committee Report 17, Item 18 was put to Council and CARRIED as amended by
Motion No. 25/8 on a division of 22 YEAS to 2 NAYS as follows:
Yeas (22): Councillors D. Thompson, P. Feltmate, P.
Hume, M. Wilkinson, R. Bloess,
G. Brooks, D. Deans, B.
Monette, J. Harder, R. Jellett, A. Cullen, R. Chiarelli,
M. Bellemare, S. Desroches, G. Bédard, E. El-Chantiry,
M. McRae, D. Holmes, G. Hunter, S. Qadri, C. Leadman and Mayor O’Brien.
Nays (2): Councillors C. Doucet and J. Legendre.
GOVERNMENT OF ONTARIO FUNDING
APPROVAL DOCUMENT 2
LETTER FROM THE ONTARIO FINANCE AUTHORITY DOCUMENT 3
GOVERNMANT OF ONTARIO WRITTEN
ASSURANCES DOCUMENT 4
FEDERAL GOVERNMENT LETTER OF
FUNDING COMMITMENT DOCUMENT
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