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HOUSING YORK INC.
March 10, 2010
The Board of Directors of Housing York Inc. met at 3:41 p.m. in Committee Room A,
Directors present at this Meeting:
Mr. V. Spatafora � Vice Chair
Mr. J. Heath
Mr. J. Taylor
Mr. T. Van Bynen
Mr. J. Virgilio
Staff:
C. Clark, D. Horner, B. Macgregor, D. Manson,
S. Patterson, L. Russell, A. Urbanski
Declaration of Interest
Nil
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Confirmation of Minutes
10-01
It was moved by Mr. Van Bynen, seconded by Mr. Heath, that the Minutes of the Board of Directors of Housing York Inc. meeting of December 9, 2009 be confirmed, which was Carried.
Presentations
Nil
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New Development
A Report of the General Manager dated March 1, 2010 was presented recommending that:
1. The Corporation enter into a loan agreement with the Region to repay, from project revenues, up to $9 million of the total capital cost. Such loan to be interest bearing, for a 30-year term, and on such other terms that the Treasurer shall negotiate, including security, therefore.
2. The Corporation authorize the Region to seek long term debt financing of that amount on its behalf for the above loan.
3. The Corporation be authorized to enter into an assignment agreement under which it will assume the responsibilities and obligations of The Regional Municipality of York under a certain Agreement of Purchase and
4. The Corporation be authorized to enter into a Contribution Agreement with the Region to secure funding under the Canada-Ontario Affordable Housing Program 2009 Extension and the General Manager be authorized to execute the agreement on behalf of the Corporation, subject to review by Legal Services.
10-02
It was moved by Mr. Van Bynen, seconded by Mr. Virgilio, that the foregoing report be adopted, which was Carried.
Communications Installations Policy for Housing York Inc. Property
A Report of the General Manager dated February 24, 2010 was presented recommending that:
1. The Board establish a Housing York Inc. Policy entitled "Communications Installations on Housing York Inc. Property", dated March 10, 2010, in the form attached hereto as Attachment 1 such that:
(a) Housing York Inc. adopt a set fee structure for telecommunications licenses on Housing York Inc. residential property and facilities, as set forth in this report which will be consistent with that of The Regional
(b) Housing York Inc. adopt the Region's form of Telecommunications Structure Licence Agreement and reflect the fee structure set forth in this report.
(c) The General Manager, Housing York Inc. be authorized to execute, on Housing York Inc.'s behalf, Telecommunications Structure Licence Agreements respecting licenses of equipment installed upon Housing York Inc. structures and related facilities.
(d) The General Manager, Housing York Inc. report in the first quarter of each year on the status of Telecommunications Structure Licence Agreements with third parties for the previous calendar year.
(e) The
10-03
It was moved by Mr. Heath, seconded by Mr. Virgilio, that the foregoing report be adopted, which was Carried.
There being no further business, the Board adjourned at 4:05 p.m.
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Vito Spatafora, Vice Chair
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Carol Clark
for Denis Kelly, Secretary