March 18, 2020 Special Council Summary

2019 Surplus Allocation
Council approved the allocation of the 2019 operation surplus as follows:

1. General Fund
a. Special Initiatives Reserve                   $4,969,073
b. General Financial Stability Reserve        759,874
c. Strategic Partnership Reserve                 200,000

2. Sewer Fund
a. Sewer Reserve                                       $581,616

3. Water Fund
a. Water Distribution Reserve                $1,069,989

Total Surplus Allocation                           $7,579,552
Section 10b

Interim Business Property Tax Relief Program
Consideration on implementing the Interim Business Property Tax Relief program will be delayed to 2021, pending further investigation.
Section 10c

Leisure Economic Access Program (LEAP) Review
A review and update of the LEAP program will take place in 2020 and the program will be reviewed by the Advisory Committee on Accessibility and Inclusiveness to develop recommended changes for Council’s consideration.
Section 10f

Reducing Greenhouse Gas Emissions
Staff will proceed with studying the feasibility and options for upgrades to the heating plants at the Nanaimo Aquatic Centre and Beban Park Recreation Centre, with $50,000 in funding approved to complete the studies. The goal is to significantly reduce greenhouse gas emissions as each facility.
Section 10g

Sewer Project Funding
The 2020 budget will be changed to reflect a decrease in the budget for the Comox Area Sanity Project by $1,140,000 and an increase in the budget for the Millstone Trunk Sewer Project by $1,140,000.
Section 10h

Boat for Hope Sponsorship Request
Staff will review the correspondence from the “Boat for Hope Nanaimo Committee” for available options.
Section 13a

March 18, 2020 Special Council Meeting - agenda, documents and video