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Housing York Inc
June 9, 2022
What was decided (10 motions)
10 carried, 0 recorded otherwise. Every motion below is printed as the minutes print it.
Emmerson That the Board confirm the Minutes of the Housing York Inc. Board of Directors meeting held on April 14, 2022.
Moved by Mayor Pellegrini
Carried
That the Board receive the presentation by Kathy Milsom, General Manager, Housing York Inc. (See Item F.1)
Moved by Mayor Lovatt, seconded by Mayor Quirk
Carried
That the Board receive the presentation by Kathy Milsom, General Manager; Kerry Hobbs, Director, Housing Operations and Michelle Willson, Director, Program Finance & Chief Financial Officer. (See Item G.1)
Moved by Regional Councillor Heath, seconded by Regional Councillor Hamilton
Carried
That the Board receive the m emorandum dated May 24, 2022 from Kathy Milsom, General Manager, Housing York Inc.
Moved by Mayor Lovatt, seconded by Mayor Quirk
Carried
That the Board adopt the following recommendations in the report dated May 26, 2022 from the General Manager and the Chief Financial Officer: The Board of Directors approve the Housing York Inc. 2021 Annual Report (Attachment 1) as part of Housing York Inc.’s submission to York Region, as sole shareholder of the Corporation. The Board approve the 2021 Financial Statements and Notes for Housing York Inc. (Attachment 2) and submit them as part of Housing York Inc.’s Annual Report to York Region, as Service Manager and sole shareholder of the Corporation. The Board approve the 2021 Annual Information Return for Housing York Inc. Provincial Reform Program (Attachment 3) and submit it to York Region, as Service Manager.
Moved by Regional Councillor Heath, seconded by Regional Councillor Hamilton
Carried
That the Board adopt the following recommendation in the report dated May 26, 2022 from the General Manager: The Board of Directors request approval from the Shareholder for adoption of the updated Amended and Restated Shareholder Direction, provided as Attachment 1, including the termination of the 2nd Property Management Services Agreement, and the adoption of the 3rd Property Management Services Agreement in the form set out in Schedule A to the updated Amended and Restated Shareholder Direction.
Moved by Mayor Lovatt, seconded by Regional Councillor Hamilton
Carried
That the Board adopt the following recommendation in the report dated May 26, 2022 from the General Manager and the Chief Financial Officer: The Board of Directors receive this report for information.
Moved by Regional Councillor Heath, seconded by Mayor Lovatt
Carried
That the Board adopt the following recommendation in the report dated May 24, 2022 from the General Manager and the Chief Financial Officer: The Housing York Inc. Board of Directors approve using $3 million of the Strategic Initiatives Reserve to reduce the $13 million debenture for Unionville Commons in the City of Markham.
Moved by Regional Councillor Hamilton, seconded by Mayor Hackson
Carried
That the Board resume in public session at 10:47 a.m.
Moved by Mayor Lovatt, seconded by Regional Councillor Heath
Carried
That the Board adjourn at 10:48 a.m.
Moved by Regional Councillor Hamilton, seconded by Mayor Mrakas