I.

CALL TO ORDER

1.

Disclosures of Pecuniary Interest

Recommendation:  That it BE NOTED that Councillor J. Swan disclosed a pecuniary interest in clause 5 of this Report, having to do with a Special Meeting of the Investment and Economic Prosperity Committee, specifically as it relates to a mixed-use development including a Performing Arts Centre, by indicating that his employer, Orchestra London, is a proponent.

II.

CONSENT ITEMS

2.

Mayor's Economic Prosperity Council - November 2013

Recommendation:  That the November 2013 Report and Recommendations of the Mayor’s Economic Prosperity Council (MEPC), BE REFERRED to the Civic Administration and other City partners, to link the MEPC’s recommendations into the broader economic development strategy for the City of London.

Motion Passed

YEAS: J.F. Fontana, J.B. Swan, D.G. Henderson, M. Brown, P. Van Meerbergen, P. Hubert (6)

III.

SCHEDULED ITEMS

IV.

ITEMS FOR DIRECTION

3.

Tourism London - Destination Marketing Fund

Recommendation:  That, notwithstanding the Municipal Council resolution adopted at its meeting on April 1, 2014, with respect to a potential levy related to hotel / motel rates and Council’s desire that a voluntary Destination Marketing Program be established for the London Community, it BE CLARIFIED that it is not the intent of the City of London to offset its investment in Tourism London by any revenues that are generated by the Destination Marketing Program, subject to annual budget reviews; it being noted that the Investment and Economic Prosperity Committee reviewed and received a communication dated April 28, 2014, from J. Winston, General Manager, Tourism London, with respect to this matter.

Motion Passed

YEAS: J.F. Fontana, J.B. Swan, D.G. Henderson, M. Brown, P. Hubert (5)

NAYS: P. Van Meerbergen (1)

V.

DEFERRED MATTERS/ADDITIONAL BUSINESS

4.

High Speed Rail – Moving Ontario Forward

Recommendation:  That the following actions be taken with respect to high speed rail in Ontario:

a)         Whereas knowledge-based economies thrive on convenient connectivity; and,

Whereas frequent High Speed Rail service between Downtown London and Toronto will bring immediate and long-term benefits to London and region; and,

Whereas the Minister of Transportation, Glen Murray, announced on April 30, 2014 that Ontario is moving forward with plans for a high speed rail line connecting London, Kitchener-Waterloo, Pearson Airport and Downtown Toronto to improve travel options, reduce travel times and support economic development; and,

Whereas London Municipal Council has previously endorsed High Speed Rail Service in the Windsor-Quebec City Corridor;

Therefore be it resolved that all Parties in the Provincial Legislature and the Government of Canada BE ENCOURAGED to support finalizing the business case and the beginning of an environmental assessment for implementation of High Speed Rail in the London, Kitchener-Waterloo, Pearson Airport, Toronto corridor; it being noted that The Corporation of the City of London reaffirms its support for High Speed Rail serving the City of London; and,

Therefore be it further resolved that this resolution BE CIRCULATED to the Premier, the Prime Minister, Provincial and Federal Opposition Party Leaders, the Provincial and Federal Ministers of Transport and Opposition Critics, London MPPs and MPs; and,

b)         the Civic Administration BE DIRECTED to report back to the appropriate standing committee on strategies to support this initiative;

it being noted that the Investment and Economic Prosperity Committee reviewed and received a News Release dated April 30, 2014 by G.R. Murray, Minister of Transportation and Minister of Infrastructure, with respect to this matter.

Motion Passed

YEAS: J.F. Fontana, J.B. Swan, D.G. Henderson, M. Brown, P. Van Meerbergen, P. Hubert (6)

5.

IEPC Special Meeting

That a Special Meeting of the Investment and Economic Prosperity Committee  BE SCHEDULED for May 14, 2014 at 4:00 PM to receive updates on the following matters:

1.         Mixed-Use Development

2.         111 Horton Street Redevelopment

Motion Passed

YEAS: J.F. Fontana, J.B. Swan, D.G. Henderson, M. Brown, P. Van Meerbergen, P. Hubert (6)

VI.

CONFIDENTIAL

(See Confidential Appendix to the 7th Report of the Investment and Economic Prosperity Committee enclosed for Members only.)

The Investment and Economic Prosperity Committee convened in camera from 1:04 PM to 1:29 PM after having passed a motion to do so, with respect to:

C-1.

A matter pertaining to the purpose of instructions and directions to officers and employees of the Corporation pertaining to a proposed disposition 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 disposition of land; commercial and financial information supplied in confidence pertaining to the proposed disposition 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 disposition that belongs to the Corporation that has monetary value or potential monetary value;  information concerning the proposed disposition whose disclosure could reasonably be expected to prejudice the economic interests of the  Corporation or its competitive position; information concerning the proposed disposition 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 disposition.

VII.

ADJOURNMENT