AGENDA
FINANCE AND AUDIT COMMITTEE MEETING

-
SHAW AUDITORIUM, VANCOUVER ISLAND CONFERENCE CENTRE
80 COMMERCIAL STREET, NANAIMO, BC

SCHEDULED RECESS 10:30 A.M.

1.
CALL THE MEETING TO ORDER:
 

[Note:  This meeting will be live streamed and video recorded for the public.]

2.
INTRODUCTION OF LATE ITEMS:
 

3.
ADOPTION OF AGENDA:
 

4.
ADOPTION OF MINUTES:
 

a.
Minutes
This item has attachments. 

1.FA220518M.pdf

Minutes of the Finance and Audit Committee Meeting held in the Shaw Auditorium, Vancouver Island Conference Centre, 80 Commercial Street, Nanaimo, BC, on Wednesday, 2022-MAY-18, at 9:00 a.m.

5.
PRESENTATIONS:
 

a.
2023 - 2027 Financial Plan Development
This item has attachments. 

1.2023 2027 Financial Plan Development .pdf

To be introduced by Laura Mercer, Director, Finance.

6.
REPORTS:
 

a.
Consideration of New Permissive Tax Exemption
This item has attachments. 

1.RPT_FA220615_ConsiderationOfNewPermissiveTaxExemption.pdf
2.ATTACHMENT A - Grants Policy and Guidelines.pdf
3.ATTACHMENT B - Permissive Tax Exemption Application from Makerspace Nanaimo Association.pdf

To be introduced by Laura Mercer, Director, Finance.


Purpose:  To obtain Council approval for the Permissive Tax Exemption application received from Makerspace Nanaimo Association for the property that it leases at 2221A McGarrigle Road.


Recommendation:  That the Finance and Audit Committee recommend that Council:

  • Award a Permissive Tax exemption commencing with the 2023 taxation year to the Makerspace Nanaimo Association

b.
Nanaimo Search and Rescue Project
This item has attachments. 

1.RPT_FA220615NanaimoSearchandRescueProject.pdf

To be introduced by Richard Harding, General Manager, Parks, Recreation and Culture.


Purpose:  To inform Council of the cancellation of a 2022 project at the Nanaimo Search and Rescue Operations Centre.

c.
Purchase of Artwork, Seabed, by Peter Achurch
This item has attachments. 

1.RPT_FA220615PurchaseTemporaryPublicArtworkSeabedByPeterAchurch.pdf
2.AttA_OfferForSale_PurchaseArtworkSeabedPAchurch_RPT_FA220615.pdf

To be introduced by Richard Harding, General Manager, Parks, Recreation and Culture.


Purpose:  To present Council with the option to purchase the artwork Seabed, by Peter Achurch, and add the work to Nanaimo’s Public Art Inventory.


Recommendation:  That the Finance and Audit Committee recommend that Council approve the use of existing City funds to purchase the artwork Seabed, 2020, by artist Peter Achurch, and the addition of the artwork to the Public Art Inventory in 2022. 

d.
Lenhart Bridge Project
This item has attachments. 

1.RPT_FA220615_Lenhart Bridge.pdf
2.RPT_FA220615_LenhartBridgeUpgradeOptions_AttA.pdf

To be introduced by Bill Sims, General Manager, Engineering and Public Works.


Purpose:  To obtain Council’s approval for additional funding for the Lenhart Bridge project.


Recommendation:  That the Finance and Audit Committee recommend that Council direct Staff to increase the budget for the Lenhart Bridge project by $188,000.

7.
OTHER BUSINESS:
 

8.
QUESTION PERIOD:
 

9.
ADJOURNMENT:
 

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