I.

DISCLOSURES OF PECUNIARY INTEREST

1.

No pecuniary interests were disclosed.

II.

CONSENT ITEMS

2.

London Public Library Internet Service Policy, Including Filtering

Recommendation:  That the communication from J. Morgan, Chair, London Public Library Board, dated January 23, 2012, with respect to the London Public Library internet service policy, including filtering, BE RECEIVED.

III.

SCHEDULED ITEMS

3.

Workforce Development Initiatives

Recommendation:  That the following actions be taken with respect to the attached “Moving Londoners Forward:  A Call to Active Opportunity” document, dated March 5, 2012:

a)          the attached presentation from Councillor P. Hubert BE RECEIVED; and,

b)          the Civic Administration BE REQUESTED to review the recommendations, speak with the proposed partners and report back to the Investment and Economic Prosperity Committee as to how this initiative can be aligned with other initiatives currently being undertaken with respect to job creation.

IV.

ITEMS FOR DIRECTION

4.

London Convention Centre Board Request for By-law Amendments

Recommendation:  That the Civic Administration BE DIRECTED to review the request for amendments to the London Convention Centre By-law and report back with a draft by-law for consideration at a Public Participation Meeting before the Investment and Economic Prosperity Committee.

5.

Creation of a Separate Eldon House Board

Recommendation:  That, on the recommendation of the City Treasurer, Chief Financial Officer, the following actions be taken with respect to the creation of a separate Eldon House Municipal Service Board:

a)         the draft Eldon House Municipal Service Board By-law BE RECEIVED and BE REFERRED to a public participation meeting of the Investment and Economic Prosperity Committee on April 17, 2012;

b)         the Transition Plan to put the proposed Eldon House Municipal Service Board in place by December 31, 2012, BE RECEIVED; and

c)         the financing for the proposed Transition Plan BE APPROVED as set out in the Sources of Financing appended to the staff report dated March 5, 2012, SUBJECT TO the approval of the Eldon House Municipal Service Board By-Law.

V.

DEFERRED MATTERS/ADDITIONAL BUSINESS

6.

Meeting Schedule

Recommendation:  That the City Clerk BE DIRECTED to take the necessary actions to amend the Annual Schedule of Meetings and the Council Procedure By-law to provide for meetings of the Investment and Economic Prosperity Committee to be held every two weeks, on Tuesdays, commencing at 1:30 PM.

VI.

CONFIDENTIAL

(See Confidential Appendix to the 5th Report of the Investment and Economic Prosperity Committee enclosed for Members only.)

The Investment and Economic Prosperity Committee convened in camera from 11:07 AM to 12:25 PM, after having passed a motion to do so, with respect to the following matters:

C- 1 & 2.

Two matters to be considered for the purpose of instructions and directions to officers and employees of the Corporation pertaining to a proposed acquisition of land; advice that is subject to solicitor-client privilege, including communications necessary for that purpose; reports or advice or recommendations of officers and employees of the Corporation pertaining to a proposed acquisition of land; commercial and financial information supplied in confidence pertaining to the proposed acquisition the disclosure of which  could reasonably be expected to, prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of the Corporation, result in similar information no longer being supplied to the Corporation where it is in the public interest that similar information continue to be so supplied, and result in undue loss or gain to any person, group, committee or financial institution or agency; commercial, information relating to the proposed acquisition that belongs to the Corporation that has monetary value or potential monetary value;  information concerning the proposed acquisition whose disclosure could reasonably be expected to prejudice the economic interests of the  Corporation or its competitive position; information concerning the proposed acquisition whose disclosure could reasonably be expected to be injurious to the financial interests of the Corporation; and instructions to be applied to any negotiations carried on or to be carried on by or on behalf of the Corporation concerning the proposed acquisition.

VII.

ADJOURNMENT

The meeting adjourned at 1:00 PM