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MINUTES - Special Council - 20001003 TOWN OF AURORA SPECIAL COUNCIL MEETING MINUTES NO. 30-00 Tuesday, October 3, 2000 ATTENDANCE COMMITTEE MEMBERS Mayor Jones in the Chair; Councillors Hogg, Hinder, Hartwell, West, Morris, McKenzie, Griffith and Healy. OTHER ATTENDEES Chief Administrative Officer, Director of Corporate Services/Town Clerk, Director of Planning, Director of Leisure Services, Director of Public Works, Treasurer, Solicitor, Administrative Co- ordinator and Council/Committee Secretary. The Mayor called the meeting to order at 7:55 p.m. I DECLARATIONS OF INTEREST There were no declarations of interest under the Municipal Conflict of Interest Act. II APPROVAL OF AGENDA Moved by Councillor Griffith Seconded by Councillor Hogg THAT the content of the Agenda be approved as presented. CARRIED III CONSIDERATION OF ITEMS REQUIRING DISCUSSION 1. ADM00-014- Electricity Industry Deregulation Moved by Councillor Griffith Seconded by Councillor West THAT the Mayor be authorized to execute incorporation documents and that staff incorporate a Holding Company to be named Borealis Hydro Electric Holdings Inc. with the Mayor to be named as the sole appointee of a transitional Board of Directors; THAT By-law 4220-00.L, being a By-law to transfer assets, liabilities and employees to Borealis Hydro Electric Holdings Inc. and Aurora Hydro Connections Limited, be provided with three readings at this meeting; That staff continue to pursue the joint application on behalf of each participating municipal party filed with the Ontario Energy Board seeking approval of the proposed amalgamation and bring back completed Amalgamation and Shareholders' Agreements with the City of Vaughan and the Town of Newmarket and Markham for consideration of Council on October 10, 2000; CARRIED Aurora Special Council Minutes No. 30-00 Page 2 Tuesday, October 3, 2000 IV READING OF BY-LAWS Moved by Councillor Griffith Seconded by Councillor Morris THAT the following listed by-law be given 1st, 2nd and 3rd readings, and enacted: 4220-00.L Being a By-law to transfer the employees, assets, liabilities, rights and obligations of the Aurora hydro Electric Commission and of the Corporation of the Town of Aurora in respect of the distribution and retailing of electricity to a corporation and its subsidiary corporation to be incorporated under the Business Corporations Act (Ontario) pursuant to Section 142 of the Electricity Act, 1998 (Ontario). CARRIED VI ADJOURNMENT Moved by Councillor Griffith THAT the meeting be adjourned at 8:00 p.m. CARRIED ______________________ _________________________________ T. JONES, MAYOR B. PANIZZA, TOWN CLERK