Special Council Meeting

That the Agenda for the Open Session of the Special Council Meeting of Tuesday, August 10, 2021, be adopted as circulated.

That the presentation by Jennifer Stover, Director of Corporate Services, Carolyn Daynes, Treasurer, and Adam Found, Manager of Corporate Assets, regarding the Kawartha Lakes Long Term Financial Plan Update , be received.

That Report CA2021-004, Kawartha Lakes Long-Term Financial Plan (LTFP) - Update , be received; That the tax-supported capital forecast outlined in Appendix A of Report CA2021-004 be utilized to inform the long-term capital forecast within the future LTFP; That staff include in the future LTFP a recommended tax-supported capital levy dedicated to supporting and sustaining the capital reserve; That staff include in the future LTFP a recommended target debt servicing ratio no greater than 10%; That staff include in the future LTFP recommended debt limits by category, including water-wastewater, tax levy, housing, capital charges and development charges categories, collectively within the target debt servicing ratio; That staff include in the future LTFP a recommended maximum percentage usage of the City’s legislated Annual Repayment Limit with respect to debt; and That staff reflect in the future LTFP the assumption that annual tax levy increases will be approximately 3% at minimum.

That the Council Meeting adjourn at 11:41 a.m.

That a by-law to confirm the proceedings of a Special Council Meeting held Tuesday, August 10, 2021 be read a first, second and third time, passed, numbered, signed and the corporate seal attached.