City Council as Shareholder of GMHI

7:25All right, good afternoon everyone.

7:29I'd like to call the GMHI meeting,

7:33City Council sitting as the shareholder to order please.

7:38Thank you.

7:39And I think we might have just regrets right now

7:41from Councillor Richardson.

7:44Right off the top, is there any disclosure

7:46of pecuniary interest, any general nature thereof?

7:52Okay.

7:53We do off the top on the open agenda

7:57as disclosed looking for an opportunity

8:00to move into closed meeting.

8:06And it is appointment of Guelph representative

8:09to the electoral board of directors.

8:13And that's as per section 239-2B of the municipal act

8:17relating to personal matters about an identifiable

8:20individual including municipal or local board employees.

8:24And that's the only item to consider in closed.

8:27Can I have someone look to move that one for me?

8:29Alt and Hauser, okay, thank you.

8:32Anything more on that before I call the vote?

8:35All right, I will call the vote.

8:37Is anyone against moving into closed?

8:40Nobody, that is unanimous.

8:42We shall return very soon.

8:45Thank you.

21:08All right, thank you.

21:09I'd like to call the open session here back

21:11to order please.

21:13Just as a high level summary for the closed session

21:17that we just did, we did give direction under that item

21:23to staff.

21:24So that is the summary for that one item.

21:29And so now being back into the open session,

21:33we have minutes from as the shareholder of GMA CHI

21:41from February 11th and July the 9th, 2025

21:46to be confirmed as recorded and without being read.

21:49Would someone be willing to move that?

21:51I got a Quran and Alt.

21:54Is there anything further on that?

21:57No, okay, I'll call the vote.

21:59Anybody against those minutes?

22:01That's nobody, so that's unanimous, thank you.

22:05And we have a consent item, which is the appointment

22:07of the auditors for Electra.

22:11And before I read out the recommendation,

22:13does anyone actually want it pulled?

22:15To discuss?

22:18No, okay, thank you.

22:19So it is just that council representing the corporation

22:22of the city of Guelph as the shareholder of GMA CHI

22:25direct the chair of Guelph Municipal Holdings, Inc.

22:27to communicate to Electra Inc.

22:29That Guelph Municipal Holdings, Inc.

22:30consents to the reappointment of KPMG LLP

22:34as the auditor of Electra Inc.

22:36And Councillor Busuttil, you'd be willing to move that?

22:40And Gawler will second, thank you.

22:42Okay, nothing further, I'll call the vote.

22:44Anyone against that?

22:47Nobody, that's unanimous as well, thank you.

22:50And so now I'm just looking for adjournment.

22:52I think Billings will move adjournment.

22:54I think Caton will second adjournment.

22:57And does anyone against that?

23:00No one, so that too is also unanimous

23:03and that concludes the GMA CHI meeting as the shareholder.

23:08So our committee of the whole meeting starts at two o'clock,

23:11it's 1.47, so we'll see everyone back here

23:14at 1.59 to get ready, okay?

23:16Thank you very much.