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File #: AR-19-509    Version: 1 Name:
Type: Agenda Reports Status: Agenda Ready
File created: 12/3/2019 In control: City Council
On agenda: 12/16/2019 Final action:
Title: Municipal Utility Corporation Presented by: Kate Polkovsky, Director, Utilities and Environment
Attachments: 1. Municipal Utility Corp attachment
TAMRMS#: B06


title
Municipal Utility Corporation
Presented by: Kate Polkovsky, Director, Utilities and Environment

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RECOMMENDATION(S)
recommendation

WHEREAS Council has received and considered a business plan prepared by the Grant Thornton financial consulting firm, dated October 28, 2019 (the "Business Plan") that addresses the matters set out in subsection 75.1(4) of the Municipal Government Act (the "Act") and in the Municipally Controlled Corporations Regulation (the "Regulation") for a proposed corporation to be controlled by the City of St. Albert;

AND WHEREAS the information required to be publicly disclosed in respect of the proposed controlled corporation has been disclosed in compliance with the Act and the Regulation;

AND WHEREAS a public hearing on the matter of the proposed controlled corporation has been advertised and held in compliance with the Act and the Regulation;

AND WHEREAS the Council is satisfied of the matters set out in clause 75.1(2)(b) of the Act;

NOW THEREFORE BE IT RESOLVED:

1. That the City of St. Albert is authorized to establish and control, or obtain control of, a corporation as described in the Business Plan;

2. That the Chief Administrative Officer is authorized to take or direct the taking of all administrative and legal steps to cause the City to establish and control, or obtain control of, the said corporation;

3. That the Chief Administrative Officer is instructed to make further recommendations to Council in respect of the Unanimous Shareholder Agreement ("USA") required under the Act for the corporation, not later than March 30, 2020;

4. That a budget of $60,000 be approved to support activities related to establishing and controlling the corporation until the end of 2020, funded from the Stabilization Reserve.

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BACKGROUND AND DISCUSSION

This matter was on the December 2, 2019 Council Agenda. On that date a public hearing was held in compliance with the Municipal Government Act and regulat...

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