Council Meeting

THAT, further to confidential Report CS-23-48 dated November 15, 2023 from the Chief Administrative Office and Corporate Services Department regarding labour negotiations with the Orillia Professional Fire Fighters Association, the confidential staff direction be adopted.

THAT, further to confidential Report CAO-23-12 dated November 9, 2023 from the Chief Administrative Office and Corporate Services Department, the Shareholder Declaration be amended to reflect the following: 1. THAT the Orillia Power Generation Board composition consist of five Directors; 2. THAT the Mayor be appointed to the Orillia Power Generation Corporation for a term that is co-terminus with the term of Council; 3. THAT the Chief Administrative Officer for the City be appointed to the Orillia Power Generation Corporation for a term that is co-terminus with employment with the City of Orillia; 4. THAT all independent Directors be appointed for three-year staggered terms, so that approximately one-third of the Directors' terms come due in any one year; 5. THAT all independent Directors serve a maximum of two consecutive full terms on the Board; however, it shall be possible for Directors to serve in excess of two consecutive full terms if the initial appointment was to complete the partial term of a Director who resigned or was terminated; 6. THAT Kirsten Walli be appointed to the Orillia Power Generation Corporation for a three-year term expiring December 31, 2026; AND THAT the Orillia Power Generation Corporation Board of Directors be directed to consider developing policies or procedures on: - Board diversity requirements, and - Board/member evaluations; AND THAT the confidential direction to staff be adopted.

THAT as recommended in confidential Report CAO-23-12 dated November 9, 2023 from the Chief Administrative Office and Corporate Services Department, the Shareholder Declaration be amended to provide financial threshold limits to the Orillia Power Generation Corporation to incur capital expenditures, make acquisitions, and enter into strategic alliances or joint ventures which would involve an amount in an aggregate value, in any fiscal year, up to twenty-five per cent of the consolidated net book value (Shareholder's equity) of the Corporation, as reflected in the Corporation's most recent audited consolidated financial statement; AND THAT the Shareholder Declaration be amended to provide financial threshold limits to the Orillia Power Generation Corporation to make dispositions of assets of the Corporation or the Subsidiaries which would involve an amount in an aggregate value, in any fiscal year, up to twenty-five per cent of the consolidated net book value (Shareholder's equity) of the Corporation, as reflected in the Corporation's most recent audited consolidated financial statement.

THAT as recommended in Report CS-23-50 dated November 7, 2023 from the Corporate Services Department, the City of Orillia issue debentures in 2023 in connection with the 2023 Road Reconstruction - Laclie Street works to Ontario Infrastructure and Lands Corporation in an amount not to exceed $6,800,000 over a term not to exceed 20 years; AND THAT the City of Orillia issue debentures in 2023 in connection with the Centennial Drive Area Improvements Phase 3 works to Ontario Infrastructure and Lands Corporation in an amount not to exceed $2,390,000 over a term not to exceed 10 years; AND THAT the completion and the submission of an application to Ontario Infrastructure and Lands Corporation to request financing for each project set out above by way of long-term borrowing through the issue of debentures to Ontario Infrastructure and Lands Corporation by the Director of Financial Services/Chief Financial Officer/City Treasurer or Deputy Treasurer be approved; AND THAT the Mayor and the Director of Financial Services/Chief Financial Officer/City Treasurer or Deputy Treasurer be authorized to negotiate and enter into, execute, and deliver for and on behalf of the City a Rate Offer Letter Agreement with Ontario Infrastructure and Lands Corporation that provides for long-term borrowing from Ontario Infrastructure and Lands Corporation in respect of each project set out above; AND THAT the City enact a debenture by-law which provides the authorization for the City to issue debentures in

THAT as recommended in Report CS-23-49 dated November 3, 2023 from the Corporate Services Department, the Mayor and Clerk be authorized to execute the amending agreement under Section 10 of the Police Services Act, R.S.O. 1990, c.P. 15, for the provision of policing services as set out in Schedule "A" to the report.

THAT the recommendations of Council Committee be