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THE
REPORT NO. 1
OF THE REGIONAL
FINANCE AND ADMINISTRATION COMMITTEE
MEETING HELD ON JANUARY 10, 2008
For Consideration by
The Council of The
on January 24, 2008
Chair: Mayor T. Van Bynen
Members: Mayor D. Barrow, Vice-Chair
Mayor R. Grossi
Mayor J. Young
Regional Chair B. Fisch
Also Present: Mayor Black
Mayor Morris
Staff Present: L. Bigioni, P. Casey, J. Davidson, N. Garbe, E. Hankins, D. Kelly,
K. Hill, J. Hulton, B. Macgregor, L. Russell
The Finance and Administration Committee began its meeting at 9:05 a.m. on January 10, 2008.
TABLE OF CONTENTS
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2 RECOMMENDATIONS FOR ENDING PROPERTY TAX CAPPING
3 2008 SCHEDULE OF FEES AND CHARGES � REVISED
[see also Attachment 1]
4 LEASE EXTENSION FOR PARAMEDIC RESPONSE STATION IN THE TOWN OF AURORA
5 REVIEW OF THE CITY OF VAUGHAN YOUTH COUNCILLOR'S STATE OF THE YOUTH REPORT
6 REVIEW OF ADMINISTRATIVE BY-LAWS
[see also Attachment 1]
7 UPDATE - COMMITTEE PROCEEDINGS
The Finance and Administration Committee advises Council of the following matters having been considered by the Finance and Administration Committee with the following action:
ELECTION OF CHAIR AND VICE CHAIR
The Finance and Administration Committee elected Mayor Van Bynen as Chair and Mayor Barrow as Vice-Chair of the Committee for the year 2008.
COMMUNICATION
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1. Marc Pourvahidi, Director of Finance/Treasurer, Town of Whitchurch-Stouffville, December 19, 2007, forwarding a copy of Development Charges By-law No. 2007-252-FI, adopted by the Council of the Town of Whitchurch-Stouffville at its meeting on December 18, 2007. Received and referred to staff.
OTHER BUSINESS
Standard and Poor's Credit Rating
1. The Committee received a copy of the Standard and Poor's report indicating that the Region has been restored to the highest possible credit rating, AAA/Stable/−, in recognition of its strong financial management.
Property Tax Relief Options for Seniors, Low-Income Disable and other Low-Income Persons
1. The Commissioner of Finance and Treasurer confirmed that he is intending to bring forward a report by March 2008 and in time for Council's consideration of the 2008 Operating Budget.
Respectfully submitted,
January 10, 2008 T. Van Bynen
(Report No. 1 of the Finance and Administration Committee was adopted, without amendment by Regional Council at its meeting on January 24, 2008.)
Denis Kelly
(905) 830-4444, x. 1300