Corporation of the Municipality of South Huron
Committee of the Whole
Agenda

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Remote Electronic Meeting South Huron Council Chambers
Live Video Feed - https://www.southhuron.ca/en/government/agendas-and-minutes.aspx

Notice of Electronic Meeting:

The following meeting will be held electronically using the Zoom Video Conferencing Application. Residents will be able to watch a livestream of the meeting by going to the South Huron Agendas and Minutes webpage at https://www.southhuron.ca/en/government/agendas-and-minutes.aspx 

 

Accessibility of Documents:

Documents are available in alternate formats upon request.  If you require an accessible format or communication support, please contact the Clerk's Department at 519-235 -0310 or by email at clerk@southhuron.ca  to discuss how best we can meet your needs.


  • Recommendation:

    That South Huron Committee of the Whole approves the Agenda as presented.

  • Recommendation:

    That South Huron Committee of the Whole receive staff report FIN25-2021 titled “Debt Management Policy Decisions”; and

    That the Committee recommends to South Huron Council approval of the following debt management decisions to be included in Debt Management Policy:

    • Long term debt is defined as financing assets for a period of greater than five years;
    • That South Huron will not use long term debt to finance rolling stock(excluding fire trucks) and/or equipment;
    • That the Municipality’s maximum debt servicing limit will be 12.5% with the intention of reducing the maximum debt servicing limit to 10% by the year 2030;
    • That long term debt will not be incurred for an amount less than $1,000,000.00;
    • That the term of debt will not exceed the lesser of (i) the expected useful life of the capital investment and (ii) 30 years;
    • That retired debt servicing costs will be allocated to Infrastructure Capital plan for the original funded source. This amount will not reduce the total base capital expenditure for that fiscal year.

       

  • Recommendation:

    That South Huron Committee of the Whole receive By-Law Services Strategy Review Backgrounder; and

    That the Committee recommends South Huron Council direct staff to develop a service level matrix for Council consideration.

  • Recommendation:

    That South Huron Committee of the Whole does now adjourn at _____ p.m.