Finance and Corporate Services Committee

BE IT RESOLVED THAT the Finance and Corporate Services Committee approve that the Rules of Procedure be waived subject to Subsection 83(4)(a) of the Procedure By-Law (being By-Law NO 2025-100) to receive a staff presentation on the Ᾱdisōke Project Update.

That, pursuant to Subsection 89(4) of the Procedure By-law (being By-law NO 2025-100), the Finance and Corporate Services Committee approve that the Rules of Procedure be suspended to allow for the consideration of the item(s) listed as: INFORMATION PREVIOUSLY DISTRIBUTED 9.1 - Fossil Fuel Advertisement Review - Motion No. FCSC 2024-12-05 (Councillor S.Menard) For (4) R. King, J. Leiper, R. Brockington, and S. Menard Against (8) M. Luloff, L. Dudas, G. Gower, T. Tierney, C. Kitts, C. Curry, D. Brown, and M. Sutcliffe

WHEREAS Minto Communities Inc. owns a large development parcel known as 2605 Tenth Line Road and 2450 Portobello Boulevard in Orléans currently under review by the City under subdivision application D07-16-24-0009, which is bisected by Hydro corridor lands. WHEREAS for this development phase, Minto requires rights to construct municipal infrastructure such as roadways and underground infrastructure over a portion of the existing Hydro corridor lands legally described as Part 1 on Plan 4R-36277. WHEREAS Infrastructure Ontario’s disposal policy does not permit them to sell property directly to a developer, however they can sell surplus property to a municipality for public infrastructure purposes, at a discounted rate, provided the subject lands remain in municipal ownership. WHEREAS in order to achieve their goal to develop their lands, Minto has proposed the City enter into an Agreement of Purchase and Sale with His Majesty the King in Right of Ontario as represented by the Minister of Government and Consumer Services (Infrastructure Ontario) to purchase the Hydro corridor lands legally described as Part 1 on Plan 4R-36277. WHEREAS negotiations regarding the market value of the Hydro corridor lands were conducted between Minto and Infrastructure Ontario directly. Minto will pay to the City a negotiated purchase price of $136,800, plus applicable taxes, for the use of the Hydro corridor lands. As the City receives a 25% discount rate on the purchase price of the lands as part

WHEREAS waiting to consider this motion until the next Committee meeting could potentially impact potential bids for the event centre construction RFP to be issued June 16 given the uncertainty introduced by this motion; THEREFORE BE IT RESOLVED that the Motion be added to the agenda for consideration at today's meeting pursuant to Subsection 89(3) of the Procedure By-law. For (9) M. Luloff, L. Dudas, G. Gower, T. Tierney, R. Brockington, C. Kitts, C. Curry, D. Brown, and M. Sutcliffe Against (3) R. King, J. Leiper, and S. Menard

Motion to allow the committee to receive the presentation, as noted below. The Motion was