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AGENDA - Special Council - 20130924PUBLIC RELEASE September 20, 2013 TOWN OF AURORA SPECIAL COUNCIL MEETING AGENDA Tuesday, September 24, 2013 6 p.m. Council Chambers I DECLARATION OF PECUNIARY INTEREST AND GENERAL NATURE THEREOF II APPROVAL OF THE AGENDA RECOMMENDED: THAT the agenda as circulated by the Customer and Legislative Services Department be approved. III DELEGATIONS IV CONSIDERATION OF BUSINESS FOR WHICH NOTICE WAS GIVEN V READING OF BY-LAWS RECOMMENDED: THAT the following by-law be given first, second, and third readings and enacted: 5555-13 BEING A BY-LAW to Confirm Actions by Council pg. 13 Resulting from Special Council Meeting on September 24, 2013 VI ADJOURNMENT Special Council Meeting Agenda Tuesday, September 24, 2013 Page 2 of 2 AGENDA ITEMS 1. Memorandum from the Director of Legal Services/Town Solicitor pg. 1 Re: Special Shareholders Meeting (Special Council Meeting) – Dissolving Borealis Hydro Electric Holdings Inc. RECOMMENDED: THAT this memorandum be received; and THAT Council, on behalf of the Corporation of the Town of Aurora, which is the sole shareholder of Borealis, approve by special resolution the dissolution of Borealis Hydro Electric Holdings Inc.; and THAT the current Directors of Borealis Hydro Electric Holdings Inc. are authorized and directed to execute any and all documents necessary to give effect to the transfer of assets and dissolution of Borealis Hydro Electric Holdings Inc.; and THAT the Mayor and Town Clerk (and any other Town Councillor or staff member as may be required) are authorized and directed to do all things necessary and deliver all documents and agreements necessary to give effect to the dissolution of Borealis Hydro Electric Holdings Inc.