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TMP-33790
| 2 | | | Open Delegations | OPEN DELEGATION BY CESARE BAUCO ON BEHALF OF CENTREVILLE HOMES TO REQUEST DEFERRAL OF DEVELOPMENT CHARGES
Cesare Bauco, on behalf of Centreville Homes, provided an open delegation concerning a request for the deferral of development charges for their Essa Road Project.
Mr. Bauco stated that Centreville Homes is in the process of developing approximately 650 units in the Salem and Hewitt's Secondary Plan. He commented that Centreville Homes wants to deliver these homes but has experienced many delays because of the COVID pandemic, the changes in real estate market, and the lending criteria from their Financial Institution. He explained that 100% of the units were sold, but some purchasers have now opted out of their contracts due to these delays, resulting in 65% of the units remaining.
Mr. Bauco commented that their goal is to see the project moving forward and requested to defer payment of approximately 4.3 million of the development charges to either closing or registration with the Condominium Corporation to enable them to start building homes.
Members of Committee asked a num | Received | |
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25-G-075
| 2 | | | Staff Report | DEVELOPMENT CHARGES (DC) DEFERRAL REQUEST - SERENITY LANE (WARD 7) | recommended for consideration of adoption (Section "B") | |
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25-G-074
| 2 | | | Staff Report | DEVELOPMENT CHARGES (DC) DEFERRAL REQUEST - HARVIE AND BEACON ROADS (WARD 6) | recommended for consideration of adoption (Section "B") | |
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TMP-33847
| 1 | | | Presentation - AC/RC | 2024 INVESTMENT MANAGEMENT REPORT PRESENTATION
Geoff Waters, Chair of the City’s Investment Board provided a presentation regarding the 2024 Investment Management Report
Mr. Waters discussed slides concerning the following topics:
· The City’s market portpolio performance in 2024;
· Pie Charts illustrating the asset allocations;
· The highlights of the City’s performance funds (operating, capital and growth funds);
· The performance highlights (total return of assets/average weight by class/contribution to total return);
· A graph illustrating the City’s equities;
· A graph illustrating Corporate Bonds versus Government Bonds;
· A graph illustrating the increasing duration ahead of interest rate cuts;
· A graph illustrating Currency Exposure Canadian Investors versus American Investors;
· A graph illustrating portfolio rebalancing and how it positively impacted returns; and
· A summary of the market outlook and opportunities.
Members of the Committee asked a number of questions of Mr. Waters and received responses. | Received | |
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TMP-33910
| 2 | | | Advisory Committee Reports | REPORT OF THE INVESTMENT BOARD DATED MARCH 20, 2025
The Report of the Investment Board dated February 25, 2025, was received. | Received | |
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25-G-076
| 1 | | | Item of Discussion | APPROVAL OF 2024 INVESTMENT MANAGEMENT REPORT | recommended for adoption (Section "D") | |
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25-G-077
| 2 | | | Correspondence | REDWOOD PARK COMMUNITIES CORRESPONDENCE | recommended for adoption (Section "D") | |
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25-G-078
| 2 | | | Staff Memo | REDWOOD PARK COMMUNITIES MEMORANDUM | recommended for adoption (Section "D") | |
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25-G-085
| 2 | | | Referral Item | CONSERVATION OF BUILT HERITAGE COMMUNITY IMPROVEMENT PLAN | recommended for adoption (Section "D") | |
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TMP-33791
| 2 | | | Advisory Committee Reports | REPORT OF THE INTERNATIONAL RELATIONS COMMITTEE DATED MARCH 4, 2025
The Report of the International Relations Committee dated March 4, 2025, was received. | Received | |
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