Guelph Council Record
City Council · May 28, 2024 · Item 6.4
A Tree Compensation reserve fund (365) be opened to fund tree planting activities from fees collected under the Tree By-law (2010)-19058 or successor by-laws. That a…
Main motion under the agenda item 2023 Long-term Financial Statement: Reserves and Debt, 2024-219
Carried (12 to 0)
12 in favour, 0 against — unanimous
What was voted on
The motion in its exact words, as recorded in the minutes.
That a Tree Compensation reserve fund (365) be opened to fund tree planting activities from fees collected under the Tree By-law (2010)-19058 or successor by-laws. That a Property Assessed Clean Energy Funding reserve fund (305) be established to record and track grant funding received from the Federation of Canadian Municipalities and the disbursement of funds. That the Property Assessed Clean Energy reserve fund (362) be renamed PACE Loan Loss Provision reserve fund and that the purpose and terms are updated as outlined in this report. That $500 thousand be transferred from the Stormwater Contingency reserve (359) to the Stormwater Capital reserve fund (165) in 2024.
How the room voted
In favour (12)
- Allt
- Billings
- Busuttil
- Caron
- Caton
- Chew
- Downer
- Gibson
- Goller
- Guthrie
- Klassen
- O'Rourke
What council was given
The staff reports and correspondence attached to this item.
- 2023 Long-term Financial Statement - Reserves and Debt - 2024-219.pdf
- Attachment-1 Reserve and Reserve Fund Activity for 2023.pdf
- Attachment-2 Development Charges Reserve Fund Statement.pdf
- Attachment-3 Development Charges Project Financing Statement.pdf
- Attachment-4 2023 Debt Activity.pdf
Check this against the City’s official minutes
Everything on this page comes from the City of Guelph’s published record. Nothing here is a summary or an interpretation.