Recommendation: That the following actions
be taken with respect to the establishment of a Housing Development
Corporation for the City of London:
a) the
attached proposed by-law (Schedule “A”) BE INTRODUCED at the Municipal
Council meeting to be held on September 2, 2014 to:
i) authorize
that a corporation with share capital be incorporated pursuant to the
Municipal Act, 2001 and the Business Corporations Act R.S.O. 1990, c.B.16
under the name “Housing Development Corporation, London” for the purpose of
stimulating the development and sustainability of affordable housing
throughout the London and Middlesex communities;
ii) nominate
and authorize the following individuals to act as incorporators and directors
of the Corporation authorized in i), above:
Sandra
Datars Bere
Martin
Hayward
Art
Zuidema
iii) authorize
the individuals nominated and authorized in ii), above to execute any
documents or take any actions necessary to incorporate and set up the
Corporation;
b) Housing
Development Corporation, London BE DIRECTED to report back to the Strategic
Priorities and Policy Committee by May 2015 on the following matters:
i) a
shareholder declaration;
ii) an
asset transfer policy pursuant to section 12 O. Reg. 599/06, made under the
Municipal Act, 2001;
iii) policies
under section 270 of the Municipal Act, 2001 for:
A) the sale
and disposition of land;
B) the
hiring of employees;
C) the
procurement of goods and services; and
iv) a
code of conduct for directors; and
v) the
recruitment process for new directors for the Corporation; and
c) the
City Manager BE AUTHORIZED to execute such agreements and documents in a form
satisfactory to the City Manager, between The Corporation of the City of
London and Housing Development Corporation, London that are necessary for the
sharing of services including, without limitation, the following:
i) office
space for the head office of the Corporation;
ii) office
equipment including computer hardware and software, telephones, printers,
copiers, cell phones, furniture and technical support related to the same;
iii) office
furniture and supplies;
iv) financial
administrative services, including payroll and procurement services; and
v) other
general administrative services as may be required;
it being pointed out that there were no
oral submissions made at the public participation meeting associated with
this matter.
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