Special Committee of the Whole

As recommended by the Committee of the Whole, be it resolved that the Council of the Town of Perth defer Agenda Item #3.1 - Unfinished Business - Report #2022-COW-5.3 - Asset Management Plan (AMP) - Brian Burns to later in the meeting to follow Agenda Item #5.1 - Report #2022-COW-7.1 - Adoption of an Asset Management Plan - Brian Burns.

As recommended by the Committee of the Whole, be it resolved that the Council of the Town of Perth separate the following recommendation from Report #2022-COW-5.3 - Asset Management Plan (AMP) into three (3) recommendations: As recommended by the Committee of the Whole, be it resolved that the Council of the Town of Perth accept the revised Asset Management Plan (AMP) and approve the following: • $200K addition to 2022 One-time Operating Budget for the acquisition of Engineering Services to review the structure of major facilities including the Water Plant and Water Tower; • Approve the removal of the arterial road from the Strategic Plan and return previously acquired road segments to the County including portions of Gore St, North St and Sunset Blvd; and, • Request staff bring forward a report to itemize how $25 million in borrowing in 2022 would be utilized to reduce current capital funding deficiency, as presented in Report #2022-COW-5.3.

As recommended by the Committee of the Whole, be it resolved that the Council of the Town of Perth amend the First Recommendation from Report #2022-COW-5.3 regarding the $200,000 addition to 2022 One-time Operating Budget for the acquisition of Engineering Services to review the structure of major facilities including the Water Plant and Water Tower as follows: change "$200,000 addition" to "the addition of an upset limit of $200,000".

As recommended by the Committee of the Whole, be it resolved that the Council of the Town of Perth accept the revised Asset Management Plan (AMP) and approve the addition of an upset limit of $200,000 to the 2022 One-time Operating Budget for the acquisition of Engineering Services to review the structure of major facilities including the Water Plant and Water Tower, as presented in Report #2022-COW-5.3, and amended.

As recommended by the Committee of the Whole, be it resolved that the Council of the Town of Perth approve the removal of the arterial road from the Strategic Plan and return previously acquired road segments to the County including portions of Gore Street, North Street and Sunset Blvd, as presented in Report #2022-COW-5.3.

As recommended by the Committee of the Whole, be it resolved that the Council of the Town of Perth direct staff to bring forward a report to Council regarding the pros and cons and the implications of removing the Arterial Road from the Strategic Plan.

As recommended by the Committee of the Whole, be it resolved that the Council of the Town of Perth amend the Third Recommendation of Report #2022-COW-5.3 requesting staff to bring forward a report to itemize how $25 million in borrowing in 2022 would be utilized to reduce the current capital funding deficiency as follows: to include borrowing options of $15M, $20M and $25M with associated annual tax increases identified, the identified projects with timelines, the interest rate, the payment schedule for each amount and work project start and completion dates, to identify borrowing costing.

As recommended by the Committee of the Whole, be it resolved that the Council of the Town of Perth request staff to bring forward a report to itemize how the options of $15 million, $20 million and $25 million in borrowing in 2022 would be utilized to reduce the current capital funding deficiency; And further that the report shall include: associated annual tax increases identified, the identified projects with timelines, the interest rate, the payment schedule for each amount and work project start and completion dates, to identify borrowing costing, as presented in Report #2022-COW-5.3, and amended.

As recommended by the Committee of the Whole, be it resolved that the Council of the Town of Perth direct staff to develop a formal Facility Maintenance Policy.

As recommended by the Committee of the Whole, be it resolved that the Council of the Town of Perth pass By-law No. 5xxx, being a by-law to adopt the Asset Management Plan for The Corporation of the Town of Perth, as presented in Report #2022-COW-7.1.

That the Committee of the Whole move into Closed Session at 12:45 PM pursuant to the Ontario Municipal Act, 2001, S.O. 2001, c.25, as amended, subsection 239 (2) as follows: (k) A Position, plan, procedure, criteria or instruction to be applied to any negotiations

That the Committee of the Whole rise and report from Closed Session at 1:30 PM.

That the Special Committee of the Whole meeting does hereby adjourn at 1:31 PM.