That the following actions be taken with respect to the COVID-19 Financial Impacts and Additional Measures for Community Relief report dated April 28, 2020:
a) the overview of projected financial impacts of COVID-19 on The Corporation of the City of London BE RECEIVED for information;
b) the summary of initiatives and programs implemented by the federal and provincial governments to support Ontarians through COVID-19 pandemic BE RECEIVED for information;
c) the advocacy priorities with our federal and provincial partners outlined in the staff report dated April 28, 2020 BE ENDORSED;
d) the Mayor BE DIRECTED to submit the first report of the Mayor’s Economic and Social Impact and Recovery Task Forces to the federal and provincial governments;
e) the following measures outlined in the staff report, dated April 28, 2020, to provide further relief to individuals and businesses, BE APPROVED for implementation:
i) London Good Food Box Program (Initiative 1);
ii) Harvest Bucks Contribution Program (Initiative 2);
iii) Housing Stability Bank Program (Initiative 4);
iv) Deferral of rent payments for tenants of City-owned properties (Initiative 5);
v) Closing the digital divide for students and families (Initiative 7);
vi) Coordinating the delivery of fresh, health food to people who are quarantining or self-isolating (Initiative 8);
vii) Extension of Payment terms for 60 days for invoices (Initiative 9);
viii) Extension of the remittance period for Municipal Accommodation Tax revenues (Initiative 10);
ix) Flexibility in loading/unloading and delivery times (Initiative 11);
f) the Civic Administration BE AUTHORIZED to waive the requirement, as outlined in the Reserve and Reserve Fund Policy, to charge interest on internal borrowings from reserves and reserve funds and temporary negative balances in reserves and reserve funds; and,
g) the Civic Administration BE DIRECTED to finalize the approach to mitigate the projected budget shortfall through the 2020 Mid-Year Operating Budget Monitoring Report;
it being noted that the Strategic Priorities and Policy Committee received additional information from the Managing Director, Corporate Services and City Treasurer, Chief Financial Officer and a communication dated April 23, 2020 from C. Butler with respect to this matter.