April 9, 2020 Special Council Summary

User Rate Payment Extension
In an effort to provide immediate financial relief to property owners who have been impacted by the COVID-19 pandemic, Council has extended the payment due date from 30 to 90 days on user rates billings issued after 2020-MAR-17.
Section 9a

Temporary Borrowing of Funds
“Revenue Anticipation Borrowing Bylaw 2020 No. 7308” (To provide for temporary borrowing of funds required to meet the current lawful expenditures of the City of Nanaimo) passed three readings.

This bylaw gives the City the ability to borrow up to $50 Million, and would ensure that the City could access funds for cash flow purposes in the event the collection of taxes becomes problematic due to the COVID-19 pandemic or if cash flows are adversely impacted due to the Province making changes to tax payment deadlines.
Section 9b

AVICC Conference Rescheduled
Council has accepted an invitation from the President of the Association of Vancouver Island and Coastal Communities (AVICC) to reschedule it’s hosting of the AVICC Conference from 2020 to 2021. 
Section 12a

April 9, 2020 Special Council Meeting – agenda, documents and video

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