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MINUTES - Special Council - 20050324 (2) TOWN OF AURORA SPECIAL COUNCIL MEETING MINUTES NO. 05-12 Council Chambers Aurora Town Hall Thursday, March 24, 2005 ATTENDANCE COUNCIL MEMBERS Deputy Mayor Morris in the Chair; Councillors Buck, Gaertner, Kean, Vrancic, Wallace and West. MEMBERS ABSENT Councillor Hogg and Mayor Jones were absent. OTHER ATTENDEES Chief Administrative Officer, Director of Corporate Services/Town Clerk Deputy Mayor Morris called the meeting to order at 9:00 a.m. I DECLARATIONS OF PECUNIARY INTEREST There were no declarations of pecuniary interest under the Municipal Conflict of Interest Act. II APPROVAL OF AGENDA Moved by Councillor West Seconded by Councillor Vrancic THAT the content of the Agenda as circulated by the Corporate Services Department be approved. CARRIED III IN-CAMERA Legal Matter Moved by Councillor West Seconded by Councillor Vrancic THAT Council proceed In-Camera to address a legal matter. 9:05 a.m. CARRIED Moved by Councillor West Seconded by Councillor Kean THAT Council reconvene the public meeting. 9:53 a.m. CARRIED Council Meeting No. 05-12 Page 2 of 2 Thursday, March 24, 2005 IV CONSIDERATION OF ITEMS REQUIRING SEPARATE DISCUSSION Moved by Councillor Vrancic Seconded by Councillor West WHEREAS under the Ontario Business Corporation Act the Council of the Town of Aurora has a Shareholder Declaration with respect to the Borealis Hydro Electric Holding Inc. NOW THEREFORE it is recommended that a Special Shareholder Meeting of Borealis Hydro Electric Holdings Inc. be held immediately following the Council Meeting to amend the Shareholder Declaration to provide for the removal of all powers of the current Board of Directors and investing these powers and decision making authority with the Shareholder. CARRIED Moved by Councillor Vrancic Seconded by Councillor Kean THAT the CAO be directed to immediately communicate with all Board of Director Members the contents of the resolution and furthermore, that the CAO be directed to immediately attend to Mr. John Sanderson, the President of Aurora Hydro Connections Limited, to advise him that it is Council’s expectations that he will provide his full cooperation and attention in facilitating the preparation of all documentation required and necessary, to complete the Powerstream agreement and ancillary documentation necessary to file the application in the agreement with the Ontario Energy Board within the requisite time today. CARRIED V READING OF BY-LAWS Moved by Councillor Vrancic Seconded by Councillor Wallace THAT the following listed by-law be given 1st, 2nd and 3rd readings, and enacted: 4656.05.C BEING A BY-LAW to confirm actions by Council resulting from the Special meeting of March 24, 2005. CARRIED VI ADJOURNMENT Moved by Councillor Vrancic THAT the meeting be adjourned at 9:58 a.m. CARRIED _______________________________ _______________________________ P. MORRIS, DEPUTY MAYOR B. PANIZZA, TOWN CLERK