I.

CALL TO ORDER

1.

Disclosures of Pecuniary Interest

That it BE NOTED that no pecuniary interests were disclosed.

II.

CONSENT ITEMS

2.

STAFF REPORT - Year 2017 Tax Policy

That, on the recommendation of the Managing Director, Corporate Services and City Treasurer, Chief Financial Officer and City Manager, the following actions be taken with respect to property taxation for 2017:

a)         the Civic Administration BE DIRECTED to bring forward a proposed by-law for   introduction and enactment at the Municipal Council meeting to be held on May 2, 2017, in accordance with Sub-sections 308(4) and 308.1(4) of the Municipal Act, 2001, to set tax ratios in the various property classes in keeping with the option selected by the Municipal Council from the attached Schedule “B”; it being noted that option A is recommended by Finance staff;

b)         the Civic Administration BE DIRECTED to bring forward a proposed by-law for introduction and enactment at the Municipal Council meeting to be held on May 2, 2017 to fully utilize options available in 2017 to exclude properties in capped property classes which have reached current value assessment tax levels or higher in 2016 or 2017 from being capped again in 2017 and future years;

c)         the Civic Administration BE DIRECTED to bring forward a proposed by-law for introduction and enactment at the Municipal Council meeting to be held on May 2, 2017 to initiate a 4 year phase out of capping for any of the non-residential property classes where London is eligible for such option;

d)         the Civic Administration BE DIRECTED to bring forward a proposed by-law for introduction and enactment at the Municipal Council meeting to be held on May 2, 2017 to exclude vacant land from the capping phase-out eligibility criteria where all properties must be within 50% of CVA level taxes;

e)         the Civic Administration BE DIRECTED to bring forward a proposed by-law for introduction and enactment at the Municipal Council meeting to be held on May 2, 2017 to limit capping protection only to reassessment related changes  prior to 2017 and that reassessment changes in capped classes beginning in 2017 would not be subject to the cap;

f)          the Civic Administration BE DIRECTED to bring forward a proposed by-law for introduction and enactment at the Municipal Council meeting to be held on May 2, 2017 to adopt the capping formulae for the commercial, industrial and multi-residential property classes as described in detail in this report;

g)         the Civic Administration BE DIRECTED to bring forward a proposed by-law for introduction and enactment at the Municipal Council meeting to be held on May 2, 2017 to claw back a portion of tax decreases in each of the commercial, industrial and multi-residential classes sufficient to fully finance the capping of increases as required under Section 329 of the Municipal Act, 2001;

That, on the recommendation of the Managing Director, Corporate Services and City Treasurer, Chief Financial Officer and City Manager, the following actions be taken with respect to property taxation for 2017:

a)         the Civic Administration BE DIRECTED to bring forward a proposed by-law for introduction and enactment at the Municipal Council meeting to be held on May 2, 2017, in accordance with Sub-sections 308(4) and 308.1(4) of the Municipal Act, 2001, to set tax ratios in the various property classes in accordance with Option "B" as contained in the attached Schedule “B” to the staff report dated April 25, 2017;

b)         the Civic Administration BE DIRECTED to bring forward a proposed by-law for introduction and enactment at the Municipal Council meeting to be held on May 2, 2017 to fully utilize options available in 2017 to exclude properties in capped property classes which have reached current value assessment tax levels or higher in 2016 or 2017 from being capped again in 2017 and future years;

c)         the Civic Administration BE DIRECTED to bring forward a proposed by-law for introduction and enactment at the Municipal Council meeting to be held on May 2, 2017 to initiate a 4 year phase out of capping for any of the non-residential property classes where London is eligible for such option;

d)         the Civic Administration BE DIRECTED to bring forward a proposed by-law for introduction and enactment at the Municipal Council meeting to be held on May 2, 2017 to exclude vacant land from the capping phase-out eligibility criteria where all properties must be within 50% of CVA level taxes;

e)         the Civic Administration BE DIRECTED to bring forward a proposed by-law for introduction and enactment at the Municipal Council meeting to be held on May 2, 2017 to limit capping protection only to reassessment related changes  prior to 2017 and that reassessment changes in capped classes beginning in 2017 would not be subject to the cap;

f)          the Civic Administration BE DIRECTED to bring forward a proposed by-law for introduction and enactment at the Municipal Council meeting to be held on May 2, 2017 to adopt the capping formulae for the commercial, industrial and multi-residential property classes as described in detail in this report;

g)         the Civic Administration BE DIRECTED to bring forward a proposed by-law for introduction and enactment at the Municipal Council meeting to be held on May 2, 2017 to claw back a portion of tax decreases in each of the commercial, industrial and multi-residential classes sufficient to fully finance the capping of increases as required under Section 329 of the Municipal Act, 2001;

h) and new i) with it being noted paragraph.

Motion Passed

YEAS: P. Hubert, J. Helmer, J. Morgan, T. Park, H.L. Usher (5)

3.

STAFF REPORT - Year 2017 Education Tax Rates

That, on the recommendation of the Managing Director, Corporate Services and City Treasurer, Chief Financial Officer and City Manager, a by-law to levy education tax rates for 2017 BE INTRODUCED at the Council meeting of May 2, 2017 assuming by that date the appropriate regulation has been issued by the Minister of Finance.

That, on the recommendation of the Managing Director, Corporate Services and City Treasurer, Chief Financial Officer and City Manager, a by-law to levy education tax rates for 2017 BE INTRODUCED at the Council meeting of May 2, 2017 assuming by that date the appropriate regulation has been issued by the Minister of Finance.

Motion Passed

YEAS: P. Hubert, J. Helmer, J. Morgan, T. Park, H.L. Usher (5)

III.

SCHEDULED ITEMS

4.

Not to be heard before 12:30 PM - PUBLIC PARTICIPATION MEETING - Proposed Amendment to Council Procedure By-law - Change in Start Time - Corporate Services Committee

That, on the recommendation of the City Clerk, the proposed by-law appended to the staff report dated April 25, 207 BE INTRODUCED at the Municipal Council meeting to be held on May 2, 2017 to amend the start time for future regularly scheduled meetings of the Corporate Services Committee to 12:30 PM, instead of the current 12:00 PM; it being pointed out that there were no members of the public at the public participation meeting associated with this matter.

That, on the recommendation of the City Clerk, the proposed by-law appended to the staff report dated April 25, 207 BE INTRODUCED at the Municipal Council meeting to be held on May 2, 2017 to amend the start time for future regularly scheduled meetings of the Corporate Services Committee to 12:30 PM, instead of the current 12:00 PM; it being pointed out that there were no members of the public at the public participation meeting associated with this matter.

Open PPM

Motion Passed

YEAS: P. Hubert, J. Helmer, J. Morgan, T. Park, H.L. Usher (5)

Close PPM

Motion Passed

YEAS: P. Hubert, J. Helmer, J. Morgan, T. Park, H.L. Usher (5)

Motion Passed

YEAS: P. Hubert, J. Helmer, J. Morgan, T. Park, H.L. Usher (5)

IV.

ITEMS FOR DIRECTION

V.

DEFERRED MATTERS/ADDITIONAL BUSINESS

VI.

ADJOURNMENT