Housing York Inc

That the Board confirm the Minutes of the Housing York Inc. Board of Directors meeting held on June 9, 2022.

That the Board receive the presentation by Kathy Milsom, General Manager, Housing York Inc. (See Item F.1)

That the Board receive the memorandum dated August 24, 2022 from Kathy Milsom, General Manager, Housing York Inc.

That the Board adopt the following recommendation in the report dated August 25, 2022 from the General Manager: The Housing York Inc. Board of Directors receive this report for information.

That the Board adopt the following recommendation in the report dated August 25, 2022 from the General Manager and the Chief Financial Officer: The Housing York Inc. Board of Directors receive this report for information.

That the Board adopt the following recommendations in the report dated August 25, 2022 from the General Manager and the Chief Financial Officer: The Board adopt the following: WHEREAS Housing York Inc. (the "Corporation" and/or "Housing Provider") has requested the Ministry of Municipal Affairs and Housing (the "Ministry") to arrange on its behalf a refinancing of the existing charge/mortgage of land (the "Mortgage") for its project municipally known as Thornhill Green, 51-95 lnverlochy Blvd., Markham (the "Project") for approximately $2,174,659.95 maturing on December 1, 2022. (Ministry Reference No: C02802) AND WHEREAS the Ministry has agreed to arrange said mortgage financing and the Housing Provider agrees to be bound for those purposes by the terms and conditions contained in the said Mortgage, or any amendments thereto. THEREFORE BE IT RESOLVED THAT: The Housing Provider hereby authorizes the Ministry to solicit and arrange on its behalf such Mortgage(s) or Mortgage facilities with a lender or its authorized agent (the "Lender") as it deems necessary, appropriate or advisable for the project identified above and for the maturity date aforementioned; The Housing Provider hereby agrees to be bound to the Lender for such mortgage purposes and upon the terms and conditions contained in the said Mortgage, or any amendments thereto, and the Housing Provider hereby further agrees to mortgage its property and assets to secure its present and future obligations under the said Mo

That the Board resolve into Private Session at 9:38 a.m. to consider the following: I.1 Private Presentation - Opportunities for Phase 2 Lands Located at 5676 Main Street in the Town of Whitchurch-Stouffville Public Comments: I.2 Opportunities for Phase 2 Lands Located at 5676 Main Street in the Town of Whitchurch-Stouffville Attachments | Public Comments 1. Minutes_-_Housing_York_Inc__-_June_9_2022.pdf I.3 Litigating Bidder Prohibition Exemption Public Comments: I.4 Facility Naming - Belinda's Place in the Town of Newmarket Public Comments:

That the Board resume in public session at 10:02 a.m.

That the Board meeting adjourn at 10:03 a.m.