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HomeMy WebLinkAbout2024-04-08Clar*wn General Government Committee Post-MeetingAgenda Date: April 8, 2024 Time: 9:30 a.m. Location: Council Chambers or Microsoft Teams Municipal Administrative Centre 40 Temperance Street, 2nd Floor Bowmanville, Ontario Inquiries and Accommodations: For inquiries about this agenda, or to make arrangements for accessibility accommodations for persons attending, please contact: Lindsey Patenaude, Committee Coordinator, at 905-623-3379, ext. 2106 or by email at Iatenaude@clarington.net. Alternate Format: If this information is required in an alternate format, please contact the Accessibility Coordinator, at 905-623-3379 ext. 2131. AudioNideo Record: The Municipality of Clarington makes an audio and/or video record of General Government Committee meetings. If you make a delegation or presentation at a General Government Committee meeting, the Municipality will be recording you and will make the recording public on the Municipality's website, www.clarington.net/calendar Noon Recess: Please be advised that, as per the Municipality of Clarington's Procedural By-law, this meeting will recess at 12.00 noon, for a one hour lunch break, unless otherwise determined by the Committee. Cell Phones: Please ensure all cell phones, mobile and other electronic devices are turned off or placed on non -audible mode during the meeting. Copies of Reports are available at www.clarington.net/archive The Revised Agenda will be published on Friday after 3:30 p.m. Late items added or a change to an item will appear with a * beside them. General Government Committee Agenda April 8, 2024 Pages 1. Call to Order 2. Land Acknowledgement Statement 3. Declaration of Interest 4. Announcements 5. Presentations/Delegations (10 Minute Time Limit) 5.1 Delegation by Lynn Jeffs, Ambassador, Gems for Gems, Regarding 4 Report PUB-008-24 Hope's Cradle Referral 5.2 Presentation from Jennifer Hess, Manager, Investment Services, and 13 Keith Taylor, Chief Investment Officer, ONE Investment, Regarding Report FSD-015-24 Adoption of Prudent Investor Standard and Agreement with ONE JIB 5.3 Presentation from Rob Maciver, Deputy CAO/Solicitor, Regarding Report 29 LGS-016-24 Site Alteration By-law Update 6. Consent Agenda 6.1 FSD-011-24 - 2023 Annual Statement of Cash -in -Lieu of Parkland 39 6.2 FSD-012-24 - 2023 Annual Building Permit Fees Report 44 6.3 FSD-013-24 - 2023 Annual Statement of Development Charges Reserve 48 Funds 6.4 FSD-014-24 - 2023 Investments Annual Report 58 6.5 FSD-015-24 - Adoption of Prudent Investor Standard and Agreement 72 with ONE JIB 6.6 FSD-016-24 - Project Management Services - Operations Depot, Fire 206 Station and Fire Training Facility 6.7 FSD-017-24 - Veteran's Square and Courtyard Revitalization 212 *6.8 LGS-014-24 - Clarington's 2024-2027 IDEA Strategy 216 Page 2 General Government Committee Agenda April 8, 2024 7. 0 0 10 11 6.9 LGS-015-24 - 2024-2028 Multi -Year Accessibility Plan 6.10 LGS-016-24 - Site Alteration By-law Update 6.11 PUB-007-24 - Traffic and Parking Bylaw Amendment - Speed Limit Reduction in School Zones *6.12 CAO-002-24 - The Perfect Storm - Impact of Provincial Changes on our Community Items for Separate Discussion 7.1 PUB-009-24 - Orono Town Hall 125th Anniversary — Funding Request Unfinished Business 8.1 PUB-008-24 - Hopes Cradle Referral (Referred from the March 4, 2024, General Government Committee) New Business 9.1 Homelessness Crisis (Councillor Rang) Confidential Items *10.1 Ontario Power Generation Host Community Agreement Adjournment 234 249 276 PIROYI 357 362 Page 3 From: no-re0y(c clarinaton.net To: ClerksExternalEmail Subject: New Delegation Request from Jeffs Date: Wednesday, April 3, 2024 9:16:20 AM EXTERNAL A new delegation request has been submitted online. Below are the responses provided: • Subject Hope's Cradle Clarington • Action requested of Council Open the existing cradle • Date of meeting 4/8/2024 • Brief summary of the issue or purpose of your delegation. To address the issues raised in last month's meeting concerning the opening of the existing Hope's Cradle at Fire Station #1 in Bowmanville. • Have you been in contact with staff or a member of Council regarding your matter of interest? No • Will you be attending this meeting in person or online? In person • First name: Lynn • Single/Last name Jeffs • How to pronounce your name: Lynn Jeffs • Firm/Organization (if applicable) Gems for Gems Hope's Cradle Page 4 Job title (if applicable) Ambassador . Address • Town/Hamlet Newcastle • Postal code L113 OA1 . Email address: . Phone number • Do you plan to submit correspondence related to this matter? Yes • Do you plan to submit an electronic presentation (i.e. PowerPoint)? If yes, the file must be submitted to the Municipal Clerk's Department by 2 p.m. on the Friday prior to the meeting date. Yes • I acknowledge that the Procedural By-law Permits 10 minutes for delegations. Yes [This is an automated email notification -- please do not respond] Page 5 Page 6 HOPE'S CRADLE A GEMS FOR GEMS INITIATIVE TO SUPPORT THE ® SAFE SURRENDER OF INFANTS OOPEN THE DOOR TO HOPE'S CRADLE OPLACE YOUR BABY INSIDE 3 THE INNER DOOR WILL BE OPENED SHORTLY AFTER YOU HEAR THE ALARM THE ENVELOPE INSIDE IS YOURS. PLEASE TAKE IT WITH YOU Clarington Cradle Outside/Inside HopgWVadle 2024 Where we're at... • Gems and Fire Station built the Cradle in May 2023; it is currently operational and open • Had an infant been placed in the Cradle during those 11 months — we would have enacted the right process to safe him/her • Prior to the official opening, the Fire Department met with the other agencies who may be impacted by the operation of the cradle to obtain MOU's • No other Hope's Cradle in Canada have gone through this process — installed and opened • Last month Durham CAS and the DRPS put letters before Council along with a motion by Dave Speed that the Hope's Cradle not be pursued • GEMS asked for an extension on the vote since we were informed only a couple days prior to that meeting s HopUVVadle 2024 Addressing their Concerns • "Only 2 babies" (dead ones) — Ontario Coroner's Office Durham CAS • Open Adoptions —option for the mother to provide heritage • FNMI Family Services fully supportive • Babies can be surrendered at hospitals — really? DRPS • If there is evidence of a crime — Investigate it! • Coercion/Human Trafficking — support in Cradle, EMS available 4 H 4PEP9tr9 d l e 2024 Ch*ildren's Welfare • Jorden Johlens — Program Supervisor for the Ministry of Children and Social Services "Not a Provincial matter" and doesn't understand why Durham CAS would have any issue with the cradle • Steve Woodman — Executive Director of Durham CAS "Please do not hesitate to contact us should an infant be placed within Hope's Cradle." 5 Hope rd adIe What Now? • By leaving the Cradle open we give Women a real choice — a safe one that results in a live baby • Both Mothers and their babies are supported by Hope's Cradle • Hope's Cradle is not illegal — MOU's & permission by any other agency are not required • CAS has absolutely no authority over the Hope's Cradle • Clarington has been supportive to date, but a decision not to pursue will ultimately reflect badly on us • Council has the authority and should demand the official opening of the Hope's Cradle in Clarington immediately 6 H oFNEOald l e 2024 HoF@9(0-,%le 2024 O�f INVESTMENT I N V E S T M E N T Prudent Investment Municipality of Clarington April 8, 2024 Page 13 ONE INVESTMENT Agenda ➢ Who is ONE Investment? ➢ Who is the ONE Joint Investment Board? ➢ Overview of ONE Prudent Investment OCIO Model Page 14 ONE INVESTMENT Who is ONE INVESTMENT? Page 15 ONE INVESTMENT ONE Investment Overview y A not -for -profit organization dedicated to serving the investment needs of the municipal sector y Manages $3.2 Billion in portfolio holdings as of February 2024 y Established in 1993 and jointly operated by not -for -profits: AMO Business • Local Authority Services LAS � Services • CH U MS (a subsidiary of MFO,CHUM NANCING CORPORAT,� „ Oversight provided by municipalities and investment industry experts � 176 Ontario municipalities invest through ONE ` Page 16 ONT NVESTM Municipal Clients Population # Ontario # ONE % of Ontario Prudent k I Municipalities Investment Municipalities Investment Clients Municipalities Under 5,000 186 55 30% 1 5,000 to 24,999 160 67 42 % 4 25,000 to 49,999 31 17 55% 2 50,000 to 99,999 28 12 43% 2 Over 100,000 39 25 64% 2 Total 444 176 40% 11 The Mli unicipaty of Clarington has invested with ONE for 20 years. Page 17 ONE INVESTMENT ONE Investment - Benefits ➢ Professional Fund Management ➢ Diversification ➢ Investment Flexibility & Liquidity ➢ Performance Reporting ➢ Investment Oversight ➢ Regulatory Compliance Guarantee Page 18 ONE INVESTMENT Governance ➢ ONE Investment's activities are governed by the ONE Investment Board, which oversees policy, financial decisions and general administrative functions. • 9 municipal representatives and 1 industry expert ➢ Legal List activities are governed by the ONE Investment Board ➢ Additional oversight provided by Peer Advisory Committee (PAC) -comprised of municipal representatives Investment Advisory Committee (lAC) -comprised of investment sector experts and legal representatives Audit Committee Page 19 ONE INVESTMENT Investment Legislation and Regulation ONE Investment provides programs (portfolios & funds) that assist municipalities with investing per the Municipal Act (both Legal List and Prudent Investor) Legal list S. 418 O. Reg. 438/97 Pt Municipal i Act � Page 20 Prudent Investor S. 418.1 O. Reg. 438/97 Pt II ONE JIB Board established by ONE Investment to allow municipalities to access to the Prudent Investment option (if desired) ONE INVESTMENT Who is ONE JOINT INVESTMENT BOARD? (ONE JIB) Page 21 ONE INVESTMENT Prudent Investing - ONE JIB ➢ ONE JIB is a Municipal Act Municipal Services Board, and operates according to Me • ONE JIB Board - includes 7 Finance Industry Professionals and 2 municipal treasurers • Board structure is governed by the Municipal Act (only 25% of Board can be Municipal Treasurers) ➢ ONE JIB was established in 2020 with 6 founding municipalities; currently 11 municipalities belong to the JIB Municipal population ranges from 2,000 to 136,000 Total assets under management = $680 million Investment is the agent of the ONE J I B Page 22 0� INVES' • Adopt by-laws to join ONE JIB and move to Prudent Investing • Execute the ONE JIB Agreement • Adopt the Investment Policy Statement and update annually • Determine Money Not Required Immediately (MNRI) • Keep ONE Informed via Municipal Client Questionnaire (MCQ) • Report annually to Council on Investment Results • Continue to manage Money ;d Immediately (MRI) under ist • Operates as a Municipal Services Board with full clerical functions • Define investment beliefs and principles • Provide advice on asset allocation • Approve Municipal Investment Plan to meet municipal IPS objectives Page 23 • Assist in the transition plan • Advise on investments within parameters • Implement the approved Investment Plan • Provide reporting • Define and manage business parameters • Support for municipal staff • Support ONE JIB with research, scheduling, etc. ONE INVESTMENT ONE INVESTMENT OCIO Model Page 24 r12 ONE INVESTMENT ONE Investment ocio Provider Phillips, Hager &North (PH&N) ➢ Selected as OCIO provider through an RFP process in 2023 ➢ PH&N manages 98 Canadian OCIO clients with over $24.5 B in assets under management ➢ Experience includes municipalities in British Columbia, through the Municipal Finance Authority of BC program Page 25 ccountability ➢The responsibilities for ONE J I B as per the Municipal Act remain unchanged ➢The OCIO is a sub - investment manager to ONE. 3P.nefifis nt OCIC OCIO will offer more investment options for participating municipalities and opportunities to address unique needs/circumstances. PH&N can offer over 30 investment products for consideration in the municipal investment plans; currently ONE Investment has 5. N *iffl[el'TiTiC' Scalability - the OCIO model will allow the ONE JIB to grow to 50+ municipalities Am elite Strong industry experience - PH&N will work in collaboration with ONE Investment staff Investment Plans - will continue to be tailored to match specific municipal needs Operational Capacity —many functions managed by PH&N, increasing internal capacity Existing ONE JIB Prudent Investment Municipalities will be transitioned in 2025. ONE INVESTMENT Quest'ions? Page 28 Site Alteration By-law Update F 4�� r April 8, 2024 Clar.. # ss2tOR Purpose of the Site Alteration By-law • To regulate the movement of soils and fill • To protect the environment • To protect human health and safety • To protect drainage • To protect Municipal infrastructure • To protect property • To mitigate impacts Page 30 CjffftWR Legislative Background • A local municipality is authorized to regulation site alteration pursuant to section 142 of the Municipal Act, 2001 • Current Site Alteration By-law 2008-114 was enacted on June 23, 2008, and amended on March 26, 2012 • O. Reg. 406/19 On -Site and Excess Soil Management (EPA) Page 31 ciffftwn Public Consultation • Notice to the public was provided beginning on December 15, 2023 • Social media • Dedicated webpage • Orono Weekly Times • Durham Region News • Public Information Centre hosted on January 25, 2024 Page 32 Ciff*MR Public Consultation • Input received • Need for close monitoring • Adjustment to fees • Adequacy of monetary fines • Need for unbiased Qualified Person to certify soil quality • Attention to haul routes and schedules • Need for mitigation measures to reduce impacts • Limited exemptions • Inspection regime Page 33 Offftwn Overview of Proposed Changes General • Improved definitions • Inclusion of requirements of O. Reg. 406/19 Prohibitions • Clearly establish the permit requirement • Minor changes providing staff more control regarding the source site • Limits on temporary fill storage Exemptions • Cease automatic exemptions for building permit Page 34 ciffftwn Overview of Proposed Changes Permits • Enhanced application requirements and owner responsibilities • Maintenance requirements of the impacted site • Requirement for a Qualified Person (QP) to manage the site alteration works • Limited ability to permit importation from outside Clarington Permit Fees • Increased permit fees • Increased tipping fees Page 35 ciffftwn Overview of Proposed Changes Enforcement • Maximum permissible monetary fines • Addition of set fines Page 36 Cfff*MR Public Awareness Communications • Public education • Inclusion of site alteration in MLE communications plan • Reporting "Hotline" • Consistent enforcement Page 37 Ciff*MR Thank you Municipality of Clarington 40 Temperance Street Bowmanville, ON L1 C 3A6 905-623-3379 Toll Free: 1-800-563-1195 TTY: 1-844-790-1599 info@clarington.net www.clarington.net larington I _ ifs �f� r,�:�;:':' ��•.. � _! ' G• , f, •• � ` •ice •� - � � f.� � P.P. {✓e.1d ,� �''�✓ - i� � T:Tq �6�, Clarftwn Staff Report If this information is required in an alternate accessible format, please contact the Accessibility Coordinator at 905-623-3379 ext. 2131. Report To: General Government Committee Date of Meeting: March 4, 2024 Report Number: FSD-011-24 Submitted By: Trevor Pinn, Deputy CAO/Treasurer, Finance and Technology Reviewed By: Authored By: File Number: Mary -Anne Dempster, CAO By-law Number: Michelle Pick, Accounting Services Manager/Deputy Treasurer Resolution#: Report Subject: 2023 Annual Statement of Cash -in -Lieu of Parkland Recommendation: 1. That Report FSD-011-24, and any related delegations or communication items, be received for information. Page 39 Municipality of Clarington Report FSD-011-24 Report Overview Page 2 This report complies with amendments to the Planning Act, 1990 which became effective in 2016. The Smart Growth for Our Communities Act, 2015 requires reporting on Section 37 (Increased Density) and Section 42 (Conveyance of land for park purposes). On June 6, 2019, the More Homes, More Choice Act, 2019 received Royal Assent. This Act contained changes to the Development Charges Act and the Planning Act and included the introduction of the new community benefits charge. In November 2022, the Ontario Government passed the More Homes Built Faster Act, 2022 to increase housing supply and provide attainable housing with significant impacts on Parkland. This report discloses the annual activity in the Cash -in -Lieu of Parkland Reserve Fund for 2023. There is nothing to report for increased density funds or a community benefits charge, at this time. 1. Background 1.1 In accordance with Section 37 (Increased Density) and Section 42 (Cash -in -Lieu of Parkland) of the Planning Act, the Treasurer must provide a financial statement including opening and closing balances to Council relating to cash -in -lieu of parkland monies and increased density funding. This statement must be made available to the public. 2. Section 42 - Conveyance of land for park purposes 2.1 Under Section 42 of the Planning Act, a municipality may require, as a condition of development, that land be conveyed to the municipality for park or other public recreational purposes. In certain circumstances, Council may require a payment in lieu of land dedication, to the value of the land otherwise required to be conveyed. 2.2 These funds must be held in a special account (Reserve Fund), allocated interest and spent only for the acquisition of land to be used for park or other recreational purposes, including the erection, improvement or repair of buildings and the acquisition of machinery, particular to park purposes. 2.3 Attachment #1 details the Statement of the Treasurer, in compliance with the Act and provides the expected future commitments for the reserve fund. 3. Section 37 — Increased Density 3.1 Clarington does not currently have a program set up for Section 37 Community Benefits; therefore, an annual statement is not required. The current Official Plan includes Community Benefits policies (Section 23.14 of the OP). Staff will evaluate Page 40 Municipality of Clarington Report FSD-011-24 Page 3 these policies as part of the next Official Plan review against recent changes to the Planning Act and as part of the 2024 review of the Development Charges Study. 4. Impact of More Homes Built Faster Act, 2022 on Parkland Dedication 4.1 Highlights of the impacts of the More Homes Built Faster Act, 2022 on parkland dedication are outlined below: Reduction of alternative parkland dedication rates by half (from 1 ha per 300 dwelling units to 1 ha per 600 dwelling units where parkland is conveyed or from 1 ha per 500 dwelling units to 1 per 1000 dwelling units for cash -in -lieu contributions) and introduction of a maximum parkland/cash-in-lieu cap for residential development. Parkland dedication rates frozen as of the date a zoning by-law or site plan application is filed and maintains the freeze for up to two years following approval. • Allows landowners to identify the land they intend to provide for parkland, including allowing for encumbered parkland/strata parks, and privately owned publicly accessible parks, and introduces a new avenue of appeal to the Ontario Land Tribunal if there is a disagreement about the parkland being provided. Reduction or exemption of parkland dedication requirements for affordable housing, attainable housing, and housing developed through an inclusionary zoning program. 5. Financial Considerations Not Applicable. 6. Strategic Plan Though not directly related to the specific priorities or actions set out in the Clarington Strategic Plan 2024-27, the recommendations in this report contribute more broadly to the following expected results: Finances and operations are efficiently and responsibly managed. 7. Concurrence Not Applicable. Page 41 Municipality of Clarington Report FSD-011-24 8. Conclusion Page 4 It is respectfully recommended that this report, as required by Section 42 of the Planning Act, 1990 be received for information and be made available to the public by posting on the Municipality's website. Staff Contact: Michelle Pick, Accounting Services Manager/Deputy Treasurer, 905-623-3379 ext. 2605 or mpick(c).clarington.net . Attachments: Attachment 1 — Cash -In -Lieu of Parkland Reserve Fund as at December 31, 2023 Interested Parties: There are no interested parties to be notified of Council's decision. Page 42 Attachment 1 to Report FSD-011-24 Municipality of Clarington Cash -in -lieu of Parkland Reserve Fund For the Year Ended December 31, 2023 Balance as of December 31, 2022 6,874,492 Plus: 2023 Cash -in -lieu Collected 1,219,155 2023 Reserve Fund Interest 155,530 2023 Amount Transferred from Capital Fund — Land Acquisition - Less: 2023 Amount Transferred to Capital Fund — Land Acquisition Costs - Refund of Residential Parkland Fees 76,000 Closing Balance as of December 31, 2023 8,173,177 Committed Amounts 4,903,900 Available Balance as at December 31, 2023 3,269,277 Municipality of Clarington Cash -in -lieu of Parkland Reserve Fund — Committed Amounts For the Year Ended December 31, 2023 Amount Project Description Period Committed Ward 3 — Park development/acquisition — East Bowmanville 2025-2030 4,903,900 Total Commitments 4,903,900 Page 43 Clarftwn Staff Report If this information is required in an alternate accessible format, please contact the Accessibility Coordinator at 905-623-3379 ext. 2131. Report To: General Government Committee Date of Meeting: April 8, 2024 Report Number: FSD-012-24 Submitted By: Trevor Pinn, Deputy CAO/Treasurer, Finance and Technology Reviewed By: Authored by: File Number: Mary -Anne Dempster, CAO Resolution #: Michelle Pick, Accounting Services Manager, Deputy Treasurer By-law #: Report Subject: 2023 Annual Building Permit Fees Report Recommendation: 1. That Report FSD-012-24 be received for information. Page 44 Municipality of Clarington Report FSD-012-24 Report Overview Page 2 This report is prepared as required by the Building Code Act reporting requirements for Building Permit Fees. There was no 2023 adjustment required to the building fees beyond the normal increase approved through By-law 2017-086. In 2024, the Building Permit Fee Study was updated, and Bylaw 2017-086 was repealed and replaced with By-law 2024-006. 1. Background 1.1 Under the Building Code Act, 1992 and the passing of subsequent amendments and Ontario Regulation 350/06, municipalities are required to prepare an annual report that records the amount of building permit fees collected and the costs incurred during the process. 1.2 In accordance with the Building Code Act, 1992 as amended, staff have prepared this report to Council with the required content on an informational basis and this report and the related attachment will be posted on the Municipality's website. 1.3 A Building Permit Fee Update Study was completed in September 2017 by Hemson Consulting Ltd. The reviews are to be completed every five (5) years to ensure that the building permit fees are in line with the cost of building inspections and that all appropriate direct and indirect costs are being allocated. 1.4 An updated Building Permit Fee Update Study was completed in 2024, with an effective date of March 1, 2024. 1.5 In 2023, building permits issued generated total building permit revenue of $2,149,337 (2022 - $1,967,075), with total direct and overhead costs of $3,485,770 (2022 - $2,282,081), creating a deficit of $1,336,433 (2022 — deficit of $315,006) after reducing the total revenue by the direct and indirect expenses as outlined on Attachment 1. 1.6 As the building permit funds are to be segregated from the general funds of the Municipality, the deficit of $1,336,433 was transferred from the Building Division Reserve Fund leaving the surplus/deficit for December 31, 2023, as nil. As of December 31, 2023, the reserve fund had approximately $0.4 million. These funds are restricted to building permit services related uses. 2. Financial Considerations Not Applicable. Page 45 Municipality of Clarington Report FSD-012-24 3. Strategic Plan Page 3 Though not directly related to the specific priorities or actions set out in the Clarington Strategic Plan 2024-27, the recommendations in Report FSD-012-24 contribute more broadly to the following expected results: Finances and operations are efficiently and responsibly managed. 4. Concurrence This report has been reviewed by the Deputy CAO of Planning and Infrastructure Services who concurs with the recommendation. 5. Conclusion It is respectfully recommended that Council receive this report. Staff Contact: Michelle Pick, Accounting Services Manager / Deputy Treasurer, 905-623-3379 ext. 2605 or mpick@clarington.net. Attachments: Attachment 1 — 2023 Annual Building Permit Fees Report Interested Parties: There are no interested parties to be notified of Council's decision. Page 46 Municipality of Clarington Building Permit Fee Report December 31, 2023 Buildina Permit Fees Revenue Transfer from Reserve Fund Total Revenue Direct costs (Note 1 Payrol Office Space Other Operating and Capital Costs Subtotal Direct Costs Overhead Costs (Note 2) Total Costs Revenue (Under) / Over Expenditures Attachment #1 to Report FSD-012-24 2.149.337 1.336.433 2,863,801 101,000 163,293 $ 3,128,094 357,676 $ 3,485,770 Note 1 - Direct costs are deemed to include the costs of the Building Division for the processing of building permit applications, the review of building plans, conducting inspections and building -related enforcement duties. Direct costs also include costs from Public Works, Legislative Services, Fire and Emergency Services and Planning and Infrastructure Services which can be directly attributed to the building permit function. Note 2 - Overhead or Indirect costs are deemed to include the costs for support and overhead services to the Building Division. Page 47 Clarftwn Staff Report If this information is required in an alternate accessible format, please contact the Accessibility Coordinator at 905-623-3379 ext. 2131. Report To: General Government Committee Date of Meeting: April 8, 2024 Report Number: FSD-013-24 Submitted By: Trevor Pinn, Deputy CAO/Treasurer, Finance and Technology Reviewed By: Authored by: File Number: Mary -Anne Dempster, CAO Resolution #: Michelle Pick, Accounting Services Manager/Deputy Treasurer By-law #: Report Subject: 2023 Annual Statement of Development Charges Reserve Funds Recommendation: 1. That Report FSD-013-24, and any related delegations or communication items, be received for information. Municipality of Clarington Report FSD-013-24 Report Overview Page 2 This report complies with the reporting requirements of Section 43 of the Development Charges Act, 1997 to disclose the annual activity in the Development Charges Reserve Funds for 2023. 1. Background 1.1 In accordance with the Development Charges Act, 1997, Schedule A attached shows the activity in the Development Charges Reserve Funds for the year ended December 31, 2023, including opening and closing balances. The transfers and amalgamations of certain DC reserve funds, as outlined in report FSD-009-23, are reflected in Schedule A 1.2 Schedule B attached shows capital projects which were funded for the year ended December 31, 2023 with development charges. The table shows the total expenses, development charge financing and non -development charge financing. 1.3 Schedule C attached shows operating expenses which were funded for the year ended December 31, 2023 with development charges. The table shows the total expenses, development charge financing and non -development charge financing. 1.4 Schedule D attached shows projects which have been previously approved by Council through resolution or prior years' budgets. The amount committed relates solely to the development charges portion. 1.5 This statement is compliant with subsection 59.1(1) of the Development Charges Act, 1997. 2. Additional Information 2.1 A total of 26 capital fund (2022 — 23) and 8 (2022 — 9) operating fund projects have been financed by development charges. 2.2 The Municipality collected $7,052,175 in municipal development charges in 2023, this compares to $11,290,994 in 2022. 2.3 On January 18, 2021, Council passed by-law 2021-010, approving the Municipality's Draft Development Charges Background Study, October 15, 2020 and the Addendum to the Development Charges Background Study, November 3, 2020 prepared by Watson & Associates Economists Ltd. The by-law came into force on January 19, 2021 and will expire five years after that date. Page 49 Municipality of Clarington Page 3 Report FSD-013-24 2.4 As identified in Schedule A, the Growth Studies DC Reserve Fund has an available balance of $2,006,847 at December 31, 2023, with commitments from prior years of $2,137,349, leaving a deficit of $130,502. The commitments include various Planning studies and secondary plans, with the largest commitment being the required update to the Official Plan. The funds available in the Growth Studies DC Reserve Fund plus expected incoming development charge proceeds in future periods will be sufficient to cover the commitments as they arise. 3. Financial Considerations Not Applicable. 4. Strategic Plan Though not directly related to the specific priorities or actions set out in the Clarington Strategic Plan 2024-27, the recommendations in this report contribute more broadly to the following expected results: Finances and operations are efficiently and responsibly managed. 5. Concurrence Not Applicable. 6. Conclusion It is respectfully recommended that the Annual Statement for the Development Charges Reserve Funds be received for information and made available to the public by posting on the Municipality's website. Staff Contact: Michelle Pick, Accounting Services Manager/Deputy Treasurer, 905-623-3379 ext. 2605 or mpick@clarington.net. Attachments: Attachment 1 - Schedule A - Development Charges Reserve Funds Activity 2023 Attachment 2 — Schedule B - Development Charges Reserve Funds Capital Projects 2023 Attachment 3 — Schedule C - Development Charges Reserve Funds Operating Expenses 2023 Attachment 4 — Schedule D - Development Charges Reserve Funds Commitments 2023 Interested Parties: There are no interested parties to be notified of Council's decision. Page 50 Municipality of Clarington Development Charges Reserve Funds Statement For the 2023 Year Attachment 1 - Report FSD-013-24 Schedule A Parks & Growth Studies Library Services Fire Protection Recreation Services Related (580) (581) Services (582) Services (584) to Highways (586) Total Balance as of December 31, 2022 $ 1,975,286 $ 2,077,779 $ 71262,182 $ 9,383,062 $ 43,279,249 $ 63,977,558 Plus: Development Charge Proceeds (108,093) (312,387) (167,002) (2,383,202) (4,081,491) (7,052,175) Development Charge Incentives - - - - - Accrued Interest Apportionment (51,944) (70,111) (201,088) (173,969) (1,197,907) (1,695,019) Transfer from Revenue Fund - Transfer from Capital Fund - Subtotal 160,037 382,498 368,089 2,557,171 5,279,399 8,747,194 Less: Amount Transferred to Capital Fund 24,043 3,066,884 2,793,295 5,884,222 Amount Transferred to Operating Fund** 128,476 78,663 1,268,912 553,160 2,029,212 Amount Transferred between Reserve Funds - Subtotal 128,476 78,663 24,043 4,335,796 3,346,455 7,913,434 Closing Balance as of December 31, 2023 (2,006,847) (2,381,614) (7,606,228) (7,604,437) (45,212,192) (64,811,318) Committed Amounts from Prior Years *** 2,137,349 351,607 2,708,457 4,013,412 15,067,960 24,278,785 Available at December 31, 2023 130,502 2,030,007 4,897,771 3,591,025 30,144,232 40,532,533 Committed Amounts from 2024 Budget **** 78,511 1,209,142 553,240 1,840,893 Balance Available for Future Needs $ 130,502 $ (1,951,496) $ (4,897,771) $ (2,381,883) $ (29,590,992) $ (38,691,640) * See Schedule B ** See Schedule C *** See Schedule D **** 2024 Budget (includes 2024 debenture payments) Note: brackets = funds available, no brackets = shortfall Total Development Charges collected on behalf of the Region in 2023 Less: amounts paid to the Region 2023 Total Development Charges due to the Region at December 31, 2023 $ 5,312,607 $ 5,312,607 Page 51 Municipality of Clarington Development Charges Reserve Funds Statement For the 2023 Year Attachment 2 - Report FSD-013-24 Schedule B Total xpenses on Capital Fund Expenses for 2023 Financing Financing Description D/C - Fire Protection Services Station #1 Expansion 24,043 24,043 $ 24,043 $ 24,043 $ - D/C - Parks and Recreation Services Farewell Creek Park Trail - Phase 1 545,800 412,771 45,953 Municipal Capital Works 87,075 Rate Stabilization RF Newcastle Community Park 2,393,351 2,277,899 24,221 Parkland in Lieu 91,231 Municipal Capital Works Northglen Phase 8 Parkette 94,670 94,670 Brookhill Parkette 231,666 231,666 Soper Creek Trail - Phase 3 & Outdoor Fitness Equipment 14,043 14,043 North Bowmanville Dog Park 16,887 16,887 SCA Tennis Courts 11,061 11,061 Toyota Trail 8,763 7,887 876 Municipal Capital Works $ 3,316,240 $ 3,066,884 $ 249,356 D/C - Service Related to Highways Bowmanville Cemetery Expansion 749,865 674,878 74,986 Municipal Capital Works New Operations Center 26,458 26,458 New Equipment Purchase - Roads 2023 940,882 12,494 300,000 Tax Levy 600,000 Municipal Capital Works 28,387 Rate Stabilization RF Various Erosion Protection 20,635 13,825 6,809 Municipal Capital Works Green Rd Roundabouts (Bowell Dr/Clarington Blvd) 1,319 1,319 North Scugog Crt Surface Asphalt (Dan Sheehan Lane to W Scugog Lane) 693 617 76 Municipal Capital Works Port Darlington Subdivision Rd 1,484 1,484 New Equipment Purchase - Roads 2022 122,681 81,279 41,402 Municipal Capital Works Middle Rd Reconstruction (Conc Rd#3 to Urban Limit) 14,428 11,975 2,453 Municipal Capital Works Sidewalk - North Street (George St to Remi Court) 55,125 55,125 Concession Road 3 (Middle Rd to Liberty St) 52,198 43,794 8,404 Municipal Capital Works Lake Rd Extension (Bennett Rd to 310m west) 35,683 31,758 3,925 Municipal Capital Works Baseline Rd Reconstruction (Trulls Rd to Courtice Rd) 1,893,533 1,779,921 113,612 Municipal Capital Works Grady Drive Environmental Assessment Completion 32,181 32,181 Lambs Rd Interchange at Highway 401 12,360 12,360 King St Cycling Facility 5,312 5,312 Nash Rd Rehab and Bicycle Facilities (Soling Rd to Hancock Rd) 8,514 8,514 $ 3,973,350 $ 2,793,295 $ 1,180,055 Total Capital Expenses $ 7,289,590 $ 5,860,179 $ 1,429,411 Summary of Financing: $ 24,043 D/C - Fire Protection Services $ 3,066,884 D/C - Parks and Recreation Services 2,793,295 D/C - Service Related to Highways 989,728 Municipal Capital Works R/F 300,000 Tax Levy 24,221 Parkland in Lieu 115,463 Rate Stabilization RF Total Financing Wage 5Z,289,590 $ 5,860,179 $ 1,429,411 Municipality of Clarington Development Charges Reserve Funds Statement For the 2023 Year Attachment 3 - Report FSD-013-24 Schedule C Total Expenses D/C R/F Non D/C Operating Fund Expenses for 2023 Financing Financing Description D/C - Growth Studies Planning Studies-Tooley Robinson Subwatershed Study 5,520 653 73 Secondary Plan Reserve 713 Recoverable from Developer 4,082 Tax Levy Planning Studies -Bow East Town Ctre Sec Plan 146,182 82,446 9,161 Secondary Plan Reserve 53,888 Recoverable from Developer 688 Tax Levy Planning Studies - Bow West Urban Ctre Sec Plan 90,561 45,377 35,042 Secondary Plan Reserve Streamline Development Approvals 5,373 Fund (SDAF) 4,770 Tax Levy $ 242,264 $ 128,476 $ 113,788 D/C - Library Services DC Library Services Budget commitments - Courtice Library Debenture 78,663 78,663 $ 78,663 $ 78,663 D/C - Parks and Recreation Services DC Parks and Rec Services Budget commitments - South Bowmanville Recreation Center 1,514,805 1,060,363 454,441 10% Tax Levy DC Parks and Rec Services Budget commitments - BIS Debenture 165,253 148,728 16,525 10% Debt Retirement DC Parks and Rec Services Budget commitment - 75% Recreation Study 79,762 59,821 19,940 25% Tax Levy $ 1,759,819 $ 1,268,912 $ 490,907 D/C - Service Related to Highways DC Service Related to Highways Budget commitment - Green Road Debenture 553,160 553,160 - $ 553,160 $ 553,160 $ - Total Operating Fund Expenses $ 2,633,907 $ 2,029,212 $ 604,695 Summary of Financing: 128,476 D/C - Growth Studies 78,663 D/C Library Services 1,268,912 D/C Parks and Recreation Services 553,160 D/C Service Related to Highways 44,275 Secondary Plan Reserve 54,601 Recoverable from Developer Streamline Development Approvals 5,373 Fund (SDAF) 483,921 Tax Levy 16,525 Debt Retirement Total Financing $ 2,633,907 $ 2,029,212 $ 604,695 Page 53 Municipality of Clarington Development Charges Reserve Funds Statement For the 2023 Year Committed Amounts From Prior Years' Budgets and Council Approvals Attachment 4 - Report FSD-013-24 Schedule D Amount Year Project Description Committed D/C - Growth Studies 2012 Operating Planning studies -Technology & Planning/Review project 27,686 2015 Operating Planning studies -zoning bylaw review-90% DC [10% Prof fees Res tax levy] 108,639 2017 Council Secondary Plan Agreement template [10% tax levy] 18,000 2017 Operating Planning Studies-Tooley Robinson Subwatershed Study 10,788 2017 Operating Planning Studies -Bow East Town Ctre Sec Plan 12,831 2017 Operating Planning Studies-Courtice Industrial/special study 4 Courtice Employment Lands 35,357 2019 Operating DC Study 7,966 2019 Operating OP Appeal Legal Costs 71,082 2019 Operating Planning Studies 144,000 2020 Operating DC GG Budget commitments - Plan Studies 1,233,000 2021 Operating DC GG - Official Plan - Economic Development Strategy (90% DC's GG, 10% Econ Dev RF (502)) 45,000 2022 Operating Courtice Waterfront Design Study 120,000 2022 Operating DC GG Budget commitments - Plan Studies - Economic Development Strategy 45,000 2023 Operating DC GG Budget commitments - DC Study 90,000 2023 Operating DC GG Budget commitments - 70% of Leisure & Culture Master Plan 168,000 Total Committed - Growth Studies: $ 2,137,349 D/C - Library Services 2022 Capital Library Collection 108,532 2023 Capital Library Collection 243,075 Total Committed - Library Services: $ 351,607 D/C - Fire Protection Services 2023 Capital 2023 Rescue Truck 1,000,000 2023 Capital 2023 Fire HQ Expansion 1,708,457 Total Committed - Fire Protection: $ 2,708,457 D/C - Parks and Recreation Services 2019 Operating Consulting Parks Design [10% tax levy] 12,850 2020 Capital Newcastle Community Park - Phase 1 1,132,422 2020 Operating Consulting Parks Design 13,500 2021 Capital Newtonville Estates Parkette 250,000 2021 Capital Northglen East Neighbourhood Park 621,714 2021 Capital North Bowmanville Dog Park 213,113 FSD-047-21 Toyota Trail 118,794 Res#C-055-22 SCA Tennis Court 330,749 2022 Capital Brookhill Parkette 68,334 2022 Capital Soper Creek Trail - Phase 3 310,957 2023 Operating Recreation Study 75% 130,979 2023 Capital Newtonville Estates Parkette 100,000 Page 54 Page 1 of 4 Municipality of Clarington Attachment 4 - Report FSD-013-24 Development Charges Reserve Funds Statement Schedule D For the 2023 Year Committed Amounts From Prior Years' Budgets and Council Approvals Amount Year Project Description Committed 2023 Capital SCA Tennis Court 135,000 2023 Capital Northglen East Neighbourhood Park 300,000 2023 Capital Soper Creek Trail - Phase 3 175,000 2023 Capital Farewell Creek Trail Phase 2B 100,000 Total Committed - Parks and Recreation Services: $ 4,013,412 D/C - Services Related to Highways 2011 Capital Baseline Rd Sidewalk- Green to Westside 71,272 2011 Capital Brookhill Tributary Nick Point Remedial Work- C/P closed in 2018, project projected for 2020 Budget 7,101 2014 Capital Brookhill Blvd Oversizing 310,000 2015 Capital Sidewalk-Rudell Rd (Sunset Blvd to Hart) 43,000 2015 Capital Rudell Rd Reconstruction 60,000 2016 Capital Liberty St sidewalk (Longworth to Bons -west side) 16,237 2016 Capital Longworth Ave extension EA (Green to Holt) 11,445 2016 Capital Middle Rd reconstruction (Con Rd 3 to urban limit) 53,230 2016 Capital Soper Creek pedestrian link to Camp 30 338,400 2016 Capital Grady Drive ( at Foster Creek) Environmental Assessment Completion 10,009 2017 Capital Longworth Ave and Green Rd Intersection 38,126 2018 Capital Street lighting - RR57 (Hwy2 to 150m N of Stevens Rd) 15,792 2018 Capital Darlington Blvd (South limit to Hwy2) 54,018 2018 Capital Baseline Rd (Lambs to Bennett) 520,324 2018 Capital Green Rd (Harvey Jones to Ross Wright) 70,890 2018 Capital King St Cycling Facility 114,928 2018 Capital Sidewalk - RR 34 /Courtice Rd - (Nash Rd to Urban Limit) 16,696 2018 Capital Sidewalk - RR 57 Multi -use Trail - Aspen Springs to Hwy2) 15,000 2018 Capital Intersection Improvements - Green Rd @ Boswell 121,096 2018 Memo Port Darlington subdivision Rd (Port Darlington to east) 139,444 2018 Operating 50% North Newc Drainage Study 11,500 2018 Operating Eng - design 21,141 2019 Capital Nash Rd (Future Clarington Blvd) 20,155 2019 Capital Middle Rd reconstruction (Con Rd 3 to urban limit) 186,750 2019 Capital Baseline Rd Reconstruction (Haines to Lambs Rd) 68,980 2019 Capital Baseline Rd Reconstruction (Mearns to Haines) 63,240 2019 Capital Baseline Rd Structure ( W of Green Rd) 22,120 2019 Capital Hancock Rd Box Culvert (S of Nash rd) 69,444 2019 Capital Concession Rd 3 Reconstruction ( Middle to Gimblett St) 60,248 2019 Capital Lambs Rd Interchange @ Hwy 401 - Environmental Assessment 72,311 2019 Capital Nash Rd Rehabilitation & Bicycle Facilities (Solina Rd to Hancock Rd) 61,118 2019 Capital Queen St Extension (St.George to Frank St) 20,000 2019 Capital Baseline Rd Reconstruction (Trulls Rd to Courtice Rd) 1,197,135 2019 Operating Eng - design 72,500 Page 55 Page 2 of 4 Municipality of Clarington Development Charges Reserve Funds Statement For the 2023 Year Committed Amounts From Prior Years' Budgets and Council Approvals Year 2019 Operating 2020 Capital 2020 Capital 2020 Capital 2020 Capital 2020 Capital 2020 Capital 2020 Capital 2020 Capital 2020 Capital 2020 Capital 2020 Capital 2020 Operating CL2016-17 PO#10021 PO#8394 2021 Capital 2021 Capital 2021 Capital 2021 Capital 2021 Capital 2021 Capital Trsf from RR57 Multi Use Trail 2022 Capital 2022 Capital 2022 Capital 2022 Capital 2022 Capital 2022 Capital 2022 Capital 2022 Capital 2022 Capital 2022 Capital 2022 Capital 2022 Capital 2020 Capital 2022 Capital Add'I Funding PSD-018-22 2022 Capital 2023 Capital 2023 Capital Proiect Description Attachment 4 - Report FSD-013-24 Schedule D 50 % North Newc Drainage Study Streetlighting - Hwy#2 to 150m N of Stevens Rd Longworth Oversizing (West Urban Limit to Green Rd) Rudell Rd Reconstruction Lake Rd Extension (Cul-de-sac to Bennett Rd) Sidewalk - Hwy#2 ( E of Clarington Blvd to RR57) South Side Sidewalk - Bloor St (Townline Rd S to 415m Easterly) South Side Sidewalk - RR17 (Mill St to CPR) East Side Sidewalk - Trulls Rd (Avondale Rd to Hwy#2) East Side Sidewalk - Active Transportation Master Plan Sidewalk - RR57 Multi -use Trail - CPR Bridge to Stevens Rd SWM Pond - Technology Park Eng - design Pavement Rehabilitation -Green Road cycling lanes [DC -project #25] - trsf UECF from Trulls Rd CIMA-Clarington Ponds/Clarnew, Newc & WestSide, Bow [50% Prof fees tax levy] Eng - design - CIMA/Longworth Ave W. EA [50% Prof Fees Res] Baseline Rd ( Lambs to Bennett) Lambs Rd ( Baseline to 275m N of Baseline) Darlington Blvd (South limit to Hwy2) Longworth Ave @ Green Rd intersection Green Rd (Harvey Jones to Longworth) Various Erosion Protection Works King St Cycling Facility Bowmanville Ave Streetlighting (Baseline to Aspen Springs) North Scugog Crt (Dan Sheehan to Conc Rd 3) Green Rd Roundabout Hancock Rd ( Hwy#2 to Nash Rd) Nash Rd ( 50m E of Harryt Gay Dr to Hancock Rd) Bowmanville Ave MUP Bowmanville Ave Sidewalk Liberty St Sidewalk ( Longworth to Conc Rd 3) Prestonvale Sidewalk (230m N to Bloor St) Hancock Rd Sidwalk (Hwy#2 to 275 m S of Nash Rd) West Side Streetscape - Newcastle Various Erosion Protection Works Bowmanville Cemetery expansion - design & construction 2022 Fleet New Roads Bowmanville Cemetery expansion - design & construction 2022 Fleet New Parks 2023 - Fleet New - Roads 2023 - New Operations Centre Page 56 Amount Committed 11,500 228,000 162,000 1,245,000 131,188 135,000 30,000 253,549 30,000 70,000 82,500 1,595,014 75,000 12,003 5,068 446 193,000 49,710 1,183,488 650,000 375,345 10,042 37,500 330,000 52,356 71,131 47,458 63,288 454,496 210,000 330,000 80,000 36,500 207,240 133,340 136,006 226,093 22,657 16,003 905,506 723,542 Page 3 of 4 Municipality of Clarington Development Charges Reserve Funds Statement For the 2023 Year Committed Amounts From Prior Years' Budgets and Council Approvals Attachment 4 - Report FSD-013-24 Schedule D Amount Year Project Description Committed 2023 Capital 2023 - Streetlighting - Haines St to Bennet Rd 20,000 2023 Capital 2023 - Streetlighting - Hwy 35 to Fire Hall 20,000 2023 Capital 2023 - Longworth Ave. Extension EA (Green Rd to Holt Rd) 200,000 2023 Capital 2023 - Sidewalks - Baseline Rd MUP (Spicer Sq to Bowmanville Ave) 50,000 2023 Capital 2023 - Newcastle Streetscape Improvements - Phase 1 60,000 2023 Capital 2023 - Various Erosion Protection Works 133,340 Total Committed - Services Related to Highways: $ 15,067,960 Total Commitments to Development Charges Reserve Funds: $ 24,278,785 Page 57 Page 4 of 4 Clarftwn Staff Report If this information is required in an alternate accessible format, please contact the Accessibility Coordinator at 905-623-3379 ext. 2131. Report To: General Government Committee Date of Meeting: April 8, 2024 Report Number: FSD-014-24 Submitted By: Trevor Pinn, Deputy CAO/Treasurer, Finance and Technology Reviewed By: Mary -Anne Dempster, CAO Resolution#: Authored by: Trevor Pinn File Number: By-law Number: Report Subject: 2023 Investments Annual Report Recommendations: 1. That Report FSD-014-24, and any related delegations or communication items, be received; and 2. That all interested parties listed in Report FSD-014-24, and any delegations be advised of Council's decision. Page 58 Municipality of Clarington Report FSD-014-24 Report Overview Page 2 The following report is the annual reporting requirement under the Municipality of Clarington's Investment Policy. Regulations under the Municipal Act, 2001 require that the Treasurer report certain information to Council on an annual basis and certify compliance with the Municipality's adopted Investment Policy. This report fulfills the annual reporting requirement under the Municipal Act, 2001 and the Municipality's Investment Policy. At December 31, 2023, the Municipality was in compliance with the Province of Ontario's eligible investment regulations and the Municipality's approved Investment Policy. Investment Income for the Municipality was approximately $7.7 million, which is slightly higher than the $7.5 million in 2022. During the year, investable funds decreased from $213.3 million to $201.5 million, which in part was due to the increased level of capital expenditures in 2023. Overall, the return on investment was 2.51 % which is a reasonable return given interest rates during 2023 and the Municipality's reliance on fixed -income securities. 1. Background 1.1 In June 2018, through report FND-011-18, the Municipality of Clarington reviewed and revised its Investment Policy. This policy requires the Treasurer of the Municipality to report the state of the Municipality's investments to Council on an annual basis. 1.2 The policy was further reviewed in June 2021 and revised through Report FSD-035-21 to adjust the limits on certain investments to provide additional flexibility to the Treasurer. These adjustments included a higher limit for financial institutions from 60 to 80 percent, a higher per -institution limit from 20 to 25 percent, an exception in municipal debt limits for the Region of Durham, and a change to an annual review of the investment policy rather than once per term. 1.3 In 2023, the Report FSD-025-23 provided the annual update at which time the Policy was migrated to the new policy format and updated to include reference to Environment, Social and Governance (ESG) investment considerations. 1.4 Section 8 of the Municipality's Investment Policy requires the Treasurer to report on an annual basis to Council on the performance of the investments, the balance of the investment portfolio, and the Municipality's compliance with the investment policy and goals. Page 59 Municipality of Clarington Report FSD-014-24 1.5 A snapshot summary of key information pertaining to the portfolio follows: Page 3 General Fund $65,412,278 $39,324,462 $4,812,802 9.19% Development Charges 59,523,378 57,582,467 1,695,019 2.89% Reserve Fund Non -DC Reserve Fund 77,142,302 94,953,787 1,600,751 1.86% Strategic Capital Reserve 11,043,124 9,641,508 (402,115) (3.89%) Fund I $213,121,082 $201,502,224T$7,706,457 2.51% Investment Environment in 2023 and 2024 1.6 The last two years have seen interest rate hikes that have are not typical for Canada. The reliance on fixed income investments by the Municipality benefited from these rate increases. 1.7 In January 2022, the bank rate was 0.50 percent, this increased seven times throughout the year ending at 4.50 percent in December 2022. The average rate for the year was 2.42 percent. 1.8 Similarly, in 2023, the bank rate had four rate hikes throughout the year starting the year at 4.50 percent in January and raising to a high of 5.25 percent in July. The rate has remained at 5.25 percent since July 2023. The average rate for the year was 5.02 percent which is double the average rate from 2022. 1.9 Economists are expecting to see a decrease in interest rates in 2024. The timing and degree of interest rate cuts have changed from 2023 expectations. TD Economics (published March 20, 2024) is currently forecasting a return to target inflation in the medium term. It is being forecasted that the overnight target rate will decrease from 5.00 Page 60 Municipality of Clarington Report FSD-014-24 Page 4 percent at the end of 2023 to 4.00 percent by the end of 2024 before stabilizing at 2.25 percent by the end of 2025. 1.10 However, some banks are forecasting a slower return to lower rates. Scotiabank on March 18, 2024 was forecasting interest rates to decrease to 4.25 percent by the end of 2024 and 3.00 percent by the end of 2025. 1.11 Regardless of the timing, the decrease in interest rates is expected to be slower than the rapid increase that was seen in 2022 and 2023. This will keep fixed income investment rates higher than they were in 2020 and 2021, and for several years prior to the pandemic. 2. Performance of the Investment Portfolio 2.1 The Municipality's portfolio consists of several funds, including general funds, trust funds, reserve funds, and other investments. General Fund 2.2 The General Fund is the primary operating fund for the Municipality. This fund has the least number of active investments. The majority of the investments in this fund are in the HISA accounts provided by the investment advisors to the Municipality (ONE Investment, CIBC Woodgundy, BMO Nesbitt Burns and Scotiabank). The HISA accounts offer favourable interest rates for a highly liquid investment. 2.3 The ONE Investment Inc. HISA was established in September 2016 and held low balances throughout 2017. In 2018, the Municipality began being more active with its investments and moved funds from the lower interest -earning bank accounts to the higher HISA account. At December 31, 2023, the ONE Investment HISA had approximately $0.2 Million (2022 - $0.2 million). Funds held in the HISA are available within 24 hours. 2.4 Similarly, the investment accounts at CIBC Woodgundy, BMO Nesbitt Burns and RBC Dominion Securities include a HISA portion. These funds are typically available within 3 business days. The balance in these accounts typically result from maturing investments being pooled until a purchase can be made. At December 31, 2023 the balance in the HISA products with our investment advisors was approximately $23.0 million, funds which have been subsequently invested in other products. 2.5 The Scotiabank HISA requires 30-days notice for withdrawals. The Municipality has approximately $1.4 million in this account which earns a premium on other HISA products but is less liquid. Page 61 Municipality of Clarington Report FSD-014-24 Non -Development Charges Reserve Funds Page 5 2.6 The Municipality operates a Non -Development Charges Reserve Fund investment portfolio for all reserve funds not established under the Development Charges Act, 1997. There is one exception: the Strategic Capital Reserve Fund, a separate fund. 2.7 The total book value of investments is approximately $95.0 million (2022 - $77.1 million), including approximately $37.5 million (2022 - $24.1 million) in bank balances. At December 31, 2023, the portfolio was comprised of $7.9 million (2022 - $8.4 million) in GICs with maturities in each of 2024 through 2028 and $27.5 million (2022 - $23.5 million) in bonds with maturities from 2024 to 2033. An equity pool with ONE Investment of $5.8 million is also held. The portfolio includes $16.1 million (2022 - $21.1) in principle -protected notes; these are banknotes which are linked to an index but are issued by a chartered bank. For purposes of this report, the TD Bank Reserve Fund bank account is included in this portfolio. 2.8 The Municipality has adopted a five-year laddering strategy for these investments, with roughly equal distribution each year. This ensures that assets will be cashable in any given year and can be withdrawn from the reserve fund. Development Charges Reserve Funds 2.9 The Development Charges Reserve Fund portfolio meets the obligations of the Municipality under the relevant legislation for Development Charges. 2.10 The Municipality has two accounts with the ONE Investment Program related to this fund: a Bond account and an Equity account. 2.11 Clarington opened its ONE Investment bond account in 2000. The investment pool was transferred to its current custodian in 2005 with a book value of $2.6 million. As at December 31, 2023, the book value, as a result of reinvested income, was $4.6 million (2022 - $4.5 million). At December 31, 2023, the market value was below book value $4.1 million); however, the adjusted return is still positive overall since inception of this product. 2.12 The ONE Investment equity account was established in 2007 with an initial investment of $500,000 and a $2.0 million investment in 2020. At December 31, 2023, the book value of the investment is $3.2 million (2022 - $3.0 million), resulting from reinvested income and capital gains. The portfolio had a market value of $4.5 million. Strategic Capital Reserve Funds 2.13 The Municipality established the Strategic Capital Reserve Fund portfolio to hold investments for the Strategic Capital Reserve Fund specifically. This reserve fund was Page 62 Municipality of Clarington Page 6 Report FSD-014-24 created to provide a funding source for economic development activities. The intent was to keep the $10.0 million capital as a source of internal borrowing for economic development capital investments. Interest earned on the investments is transferred to the general fund to offset the tax levy. 2.14 This fund invests $2.8 million (2022 - $3.8 million) in GICs with maturities in 2027. Interest rates vary from 2.97 percent to 5.0 percent. Bonds worth $4.8 million (2022 - $7.3 million) with maturities from June 2024 to January 2032 are also held with an interest rate of 1.4 to 3.1 percent. There is also $2.1 million in HISA balances as a result of timing at year end and pending investments. 2.15 In 2023, in consultation with the investment advisor, the holdings in this investment account were "reset". A number of investments were purchased prior to December 2022 and were long-term based on available rates at the time; however, given the rapid change in rates it was beneficial to take a temporary loss and reinvest those funds in higher interest earning investments. It is anticipated, that over the length of the "reset" that the Municipality will earning more funds as a result. Overall Performance 2.16 The total income for the past five years, excluding trust funds and Elexicon, by fund are summarized below: General Fund Development Charges 1,695,019 1,694,340 624,705 923,855 1,339,291 Reserve Fund Non -DC Reserve Funds Strategic Capital Fund 1,582,907 (402,115) 1,600,751 372,817 1,123,800 1,343,802 612,865 45,342 336,824 493,389 Total Investment $7,688,614 $7,475,964 $3,421,943 $3,359,663 $3,299,143 Page 63 Municipality of Clarington Page 7 Report FSD-014-24 3. Compliance with Investment Policy 3.1 The Municipality of invests based on the legal list of investments outlined in O.Reg. 438/97 as amended. The legal list is very prescribed and limits the ability of the Municipality to diversify its investments fully; however, it is relatively secure. Investment Accounts 3.2 The Municipality of Clarington holds its investments through investment accounts with several financial organizations. In determining whether the Municipality is meeting its investment policies, the underlying asset is considered, not the custodian of the investment. 3.3 No new investment accounts were opened in 2023. 3.4 The Municipality held the following accounts throughout 2023: TD Bank • General Fund bank • Several small bank accounts • Reserve Fund bank account • Guaranteed Investment Certificates (GICs) RBC Dominion Securities • Reserve Fund investment account • DC Reserve Fund investment account • Strategic Capital Fund investment account ONE Investment Inc. . Hight Interest Savings Account (HISA) • Equity portfolio investment account • Bonds portfolio investment account Page 64 Municipality of Clarington Page 8 Report FSD-014-24 BMO Nesbitt Burns • General fund investment • Reserve Fund investment account CIBC Woodgundy I • DC Reserve Fund investment account ScotiaBank • High Interest Savings Account (HISA) 3.5 The investment accounts with RBC Dominion Securities, BMO Nesbitt Burns, and CIBC Woodgundy hold a variety of investment instruments which could include GICs, government bonds, and bank deposit notes. Diversification Risk 3.6 The Municipality holds investments of several different types. It is essential to diversify the types of investments with an extensive portfolio to reduce the risk to the overall portfolio from variations in any one market. The following table shows the December 31, 2023, investments by type as well as the minimum and maximum percentage allowed per the Investment Policy: High Interest Savings o 0 0 Account $45,694,671 22.7 /0 0 /0 100 /o Federal Debt 14,312,176 7.1 % 0% 100% Provincial Debt 19,349,513 9.6% 0% 80% Municipal Debt 4,338,215 2.2% 0% 35% Page 65 Municipality of Clarington Page 9 Report FSD-014-24 Financial Institutions Corporate Debt (non- 4,099,594 2.0% 0% 10% financial) ONE Investment 7,732,249 3.8 /° Pools ° 0% 25% Total $201,502,223 3.7 The policy guideline for financial institutions is zero percent to 80 percent of the investment portfolio. At December 31, 2023, the Municipality was within this limit. While within the policy limits, the above indicates that the Municipality is concentrated in Canadian financial institutions. Liquidity Risk 3.8 The Municipality attempts to balance cash flows through the timing of the maturity of investments. Staggered maturity dates ensure that cash is readily available to meet the needs of the Municipality and reduces interest rate risk. At December 31, 2023, the maturity dates, and allowable ranges, of investments held by the Municipality were as follows: Up to 90 Days $55,492,519 90 Days to 1 Year 8,183,390 I 4.1 % ' 30.0% 100.0% Page 66 Municipality of Clarington Report FSD-014-24 Page 10 1 to 5 Years 43,189,037 21.4% 1 0.0% 85.0% 5 to 10 Years 94,637,277 47.0% 1 0.0% 50.0% 10 to 20 Years 0 0.0% 0.0% 30.0% $201,502,223 3.9 The Municipality's Investment Policy indicates the target range for less than 90 days is 20% to 100%, and less than one year is 30% to 100%. The amount shown above that is 90 days to 1 year should be added to the amount held less than 90 days to determine compliance with the requirement. Total amounts maturing less than one year is $63,834,610, which is 31.7% of the investment portfolio. 3.10 The Municipality's HISA and TD Reserve Fund bank accounts are considered to have a maturity of less than 90 days, as they are available to the Municipality within 24 hours. 3.11 The Municipality is allowed in certain circumstances to invest in terms greater than ten years, at December 31, 2023, there was $0.0 million (2022 - $1.5 million) invested with a maturity greater than ten years. The decrease in this amount explains the increase it the five -to -ten-year range, as the greater than ten-year investments come closer to maturity. These investments are bonds held in the three reserve fund investment portfolios and are traded on an active market. Concentration Risk 3.12 The Municipality attempts to diversify its investment portfolio by restricting the percentage of investments any single institution may have. Diversification mitigates the risk to the Municipality if an investment becomes insolvent. Note that the Canadian Deposit Insurance Corporation (CDIC) only guarantees investments up to $100,000 per institution, therefore, most of the Municipality's investments are not insured through CDIC. 3.13 At December 31, 2023 the Municipality's investments by institution were as follows: Page 67 Municipality of Clarington Page 11 Report FSD-014-24 TD Bank - Savings $31,517,631 15.6% 100.0% ONE — HISA 214,242 0.1 % 100.0% ONE — Equity 3,178,866 1.6% 15.0% ONE — Bond 4,553,383 2.3% 15.0% Scotiabank HISA 1,392,719 0.7% 100.0% Royal Bank of Canada 8,333,269 4.1 % 25.0% CIBC - HISA 926 0.0% 100.0% National Bank 4,023,420 2.0% 25.0% Bank of Nova Scotia 18,751,538 9.3% 25.0% Bank of Montreal 38,169,035 18.9% 25.0% CIBC 27,854,000 13.8% 25.0% TD Bank 6,778,944 3.4% 25.0% Province of Ontario 13,038,602 6.5% 20.0% Page 68 Municipality of Clarington Page 12 Report FSD-014-24 Province of British Columbia 968,290 0.5% 20.0% Province of Manitoba 962,429 0.5% 20.0% Regional Municipality of Niagara 1,495,790 0.7% 10.0% Quebec Hydro 1,600,000 0.8% 5.0% City of Toronto 1,512,039 0.8% 10.0% Canada Housing Trust 3,977,189 2.0% 100.0% Canada Housing Trust No 1 3,058,623 1.5% 100.0% Government of Canada 7,276,364 3.6% 100.0% Municipal Finance Authority of BC 831,861 0.4% 25.0% Province of Alberta 1,451,608 0.7% 20.0% Province of Quebec 2,928,585 1.5% 20.0% Ontario Hydro 2,499,594 1.2% 5.0% Regional Municipality of York 498,525 0.2% 10.0% Page 69 Municipality of Clarington Report FSD-014-24 Page 13 3.14 At December 31, 2023, the Municipality was in compliance with restrictions on per institution investments. Throughout 2023, Staff worked to increase diversification for a better overall investment portfolio and risk mitigation. 4. Review of Investment Policy Background 4.1 The Municipality of Clarington is required, under the Municipal Act, 2001 to have an investment policy adopted and approved by Council. 4.2 The Municipality utilizes the legal list of investments as allowed under O.Reg 438/97 which prescribes what investments a municipality may make. 4.3 Staff have been directed to work with the Region of Durham and ONE Investment on the adoption of the Prudent Investor Standard. Report FSD-015-24 provides specific details on the adoption of the Prudent Investor Standard and the execution of agreements with ONE JIB to become a member. The Report will also recommend a name change to the existing Investment Policy which will, if the Prudent Standard is adopted, become the applicable policy for short-term money invested internally. 5. Financial Considerations 5.1 At this time, there are no expected financial considerations as a result of this annual report. 5.2 The Municipality is limited in its allowable investments by following the eligible investment rules rather than utilizing the prudent investor standard. 5.3 Historical investment results do not predict future results; however, a diversified portfolio is a key tool for mitigating risk. Page 70 Municipality of Clarington Report FSD-014-24 6. Strategic Plan Page 14 6.1 The active approach to investing supports 1-2: Finances and operations are efficiently and responsibly managed. Investments are one tool within financial planning to finance operations and investments in capital. Investment income will be used as part of the funding strategy for the Municipality's Asset Management Plan. 7. Concurrence Not Applicable. 8. Conclusion It is respectfully recommended that Council receive this report. Staff Contact: Trevor Pinn, CPA,CA, Deputy CAO, Finance and Technology/Treasurer, 905- 623-3379 ext. 2602 or tpinn@clarington.net. Attachments: Not Applicable Interested Parties: There are no interested parties to be notified of Council's decision. Page 71 Clarftwn Staff Report If this information is required in an alternate accessible format, please contact the Accessibility Coordinator at 905-623-3379 ext. 2131. Report To: General Government Committee Date of Meeting: April 8, 2024 Report Number: FSD-015-24 Submitted By: Trevor Pinn, Deputy CAO/Treasurer, Finance and Technology Reviewed By: Mary -Anne Dempster, CAO Resolution#: Authored by: Trevor Pinn File Number: By-law Number: Report Subject: Adoption of Prudent Investor Standard and Agreement with ONE JIB Recommendations: 1. That Report FSD-015-24, and any related delegations or communication items, be received; 2. That the By-law attached to Report FSD-015-24, as attachment 1, be approved with the effective date to be determined upon the successful execution of the agreement with ONE JIB; 3. That the Draft Investment Policy, as attachment 2, be approved with the same effective date as the by-law mentioned above, and that Staff be directed to update references in the policy for the effective date of the prudent investor standard; 4. That Policy CP-003 Investment Policy be renamed, Policy CP-003 Investment Policy (Legal List); 5. That the Mayor and CAO be authorized to execute the agreement with ONE JIB, substantially in the form as included as Attachment #3 to Report FSD-015-24; 6. That the Deputy CAO, Finance and Technology/Treasurer be directed to complete the required documentation client questionnaire; and 7. That all interested parties listed in Report FSD-015-24, and any delegations be advised of Council's decision. Page 72 Municipality of Clarington Report FSD-015-24 Report Overview Page 2 Council has directed staff to work with local area municipalities to determine next steps for adopting the Prudent Investor Standard. This Report outlines the local interest, and next steps for adopting the Prudent Investor Standard for the Municipality of Clarington. Staff, are recommending joining the existing ONE JIB as there is not significant interest at this time for a local joint board. As well, the Region of Durham is joining the ONE JIB utilizing a new model of investment administration which provides greater options for investment opportunities. Staff are recommending that the Municipality follow the Region's entry into ONE JIB effective the fall of 2024 and that staff are directed to complete the necessary agreements, questionnaires and by-laws to facilitate this arrangement. 1. Background 1.1 The author of this report wishes to disclose that they are a member of the Board of Directors of ONE Investment Inc. This position is a volunteer position representing the Municipal Finance Officers' Association of Ontario's interests. It should be noted that the Municipality already invests through the legal list portfolios of ONE Investment Inc. Further, ONE JIB is not controlled by ONE Investment, ONE JIB is a joint municipal services board which uses the services of ONE Investment. Direction to adopt prudent investor standard 1.2 At its October 16, 2023 meeting General Government Committee passed Resolution #GG-172-23 from Report FSD-036-23 which stated That the Deputy CAO/Treasurer be directed to create the necessary documents and agreements, such as investment policies and enabling by-laws, to facilitate the adoption of the prudent investor standard; That the Deputy CAO/Treasurer works with the Region of Durham and interested local municipalities to explore whether there is sufficient support for establishing a new local Joint Investment Board (JIB) under the prudent investor standard; That the Deputy CAO/Treasurer work with ONE Investment Inc. to facilitate the Municipality joining the ONE JIB if there is insufficient support for a local option 1.3 The Prudent Investor Standard has been an option for municipalities since 2018. In 2020, the ONE JIB was created as a joint municipal services board. To date it is the only joint investment board in Ontario. Page 73 Municipality of Clarington Report FSD-015-24 Page 3 1.4 Only the Cities of Barrie and Ottawa have created Investment Boards for their own purposes under the Municipal Act, 2001. The City of Toronto has a board under similar requirements in their act. Key Considerations 1.5 There are several key considerations that have been highlighted in previous reports; however, it is important that Council is fully aware of the impact of moving to the Prudent Investor Standard. 1.6 Under the legislation, all funds that are defined as Money Not Immediately Required are required to be transferred to the control of the Joint Investment Board (JIB) or Investment Board (IB). 1.7 Investment and Joint Investment Boards cannot include any elected officials or staff. The only exception is that up to 25 percent of the board may include municipal treasurers. 1.8 Once a municipality elects to adopt the Prudent Investor Standard, only a ministerial order may allow it to exit the standard. The Municipality is able to move from JIB to JIB or create its own IB, however it must at all times be part of a JIB or have an IB in place. 1.9 Council approves the investment policy which must be followed by the investment board. The policy must be reviewed annually, this provides Council with the ability to have strategic control of risk and allowable investments. Local Interest in Prudent Investment 1.10 In speaking with other Treasurers at local area municipalities and the Region of Durham, a local board would not be feasible for several years. A local JIB would require an exemption from the Ontario Securities Commission, something that can take one to two years to get in place; the ONE JIB already has this exemption. 1.11 The Town of Whitby is a founding member of the ONE JIB. 1.12 The City of Pickering and the Town of Ajax are exploring options, however at this time they do not have direction to move forward with adopting the Prudent Investor Standard. 1.13 The smaller local municipalities are not interested at this time; however, they may be interested in the future. 1.14 The Councils for Clarington and the Region of Durham have approved moving forward with the Prudent Investor Standard, although the enabling by-laws have not yet been passed. Page 74 Municipality of Clarington Report FSD-015-24 Outsourced Chief Investment Officer Model Page 4 1.15 Based on the existing interest locally, staff at both the Region of Durham and the Municipality of Clarington are recommending joining the ONE JIB. This would mean that two local municipalities and the Region would be members of the same JIB. 1.16 It is not financially feasible or expedient for the Municipality of Clarington and the Region of Durham to create its own JIB at this time. This is not to mean that a local board would not eventually be created if there was more interest locally. 1.17 A similar report to this report is going to the Finance and Administration Committee at the Region of Durham on April 9, 2024. The recommendation by staff will be for the Region to join the ONE JIB through their new Outsourced Chief Investment Officer (OCIO) model. This model allows ONE JIB to service larger municipalities through outsourcing administration to PH&N Investment Services, the service provider hired by ONE JIB through a competitive process. The Region will be the first member using this model when they are expected to join at the June meeting, the Municipality would join in September. In discussion with ONE Staff, it is expected that the onboarding of the Region would utilize existing resources, we are recommending a staged approach to allow for smooth transitions for all parties. 1.18 It is Staff's understanding that ONE JIB is increasing its Board of Directors to accommodate an additional Treasurer on the Board. This additional treasurer would be the Region of Durham's Treasurer. This addition would also allow Clarington to have indirect representation at the ONE JIB Board. 2. Steps to Adopting Prudent Investor Standard Enabling By-law 2.1 To approve the use of the Prudent Investor Standard, Council must pass an enabling by-law indicating that it meets the requirements of the Act and wishes to adopt the standard. Once the by-law is effective the Municipality must give funds to either its investment board or its joint investment board. 2.2 The draft by-law, as attachment 1, has an effective date equal to when the Municipality executes its agreement with ONE JIB. This is expected to be in September 2024. Until the enabling by-law is effective, the Municipality must continue to follow the legal list investment regime. 2.3 Once effective, only a ministerial order can remove the Municipality from the Prudent Investor Standard. Page 75 Municipality of Clarington Report FSD-015-24 Draft Investment Policy Page 5 2.4 The Municipality is required to have an Investment Policy under the Municipal Act, 2001. With the adoption of prudent investors, it was felt that a new policy would be more efficient as there were substantial changes in the scope and requirements compared to the existing policy. 2.5 The new Investment Policy is attached to this report as attachment 2. The policy has been adapted from the template provided by ONE JIB to meet Clarington's formatting standards and investment needs. 2.6 Key aspects to the policy include the definition of Money Not Required Immediately, the money that is managed internally, as that which is needed within 36 months. The funds that are not required within this frame are to be transferred to the ONE JIB to be managed by the board. 2.7 The policy also creates three investment objectives, short-term, medium -term and long- term. These objectives will help the investment board create the investment plan to properly balance the investment portfolio to meet our objectives. 2.8 The policy states that there are no prohibited investments, Council may at its discretion identify investments that are not allowed to be included in the investment plan. 2.9 The policy states that the investment in the Local Distribution Company (LDC) is a restricted investment which Council retains sole decision making on. Rename Existing Investment Policy / Transition 2.10 The existing policy is recommended to be renamed CP-003 Investment Policy (Legal List) and will be the basis for which the funds required in the next 36 months will be invested and managed. This has been identified and referenced in the new Investment Policy 2.11 This policy will solely follow the legal list requirements and will be updated annually to better reflect the short-term needs of the Municipality's investment portfolio for working capital. Agreement to Join ONE JIB 2.12 A draft agreement is included as attachment 3 to this Report. It is expected to be substantially in the form as attached, however it will not be executed until September once the ONE JIB approves our entry into the board. Page 76 Municipality of Clarington Page 6 Report FSD-015-24 2.13 The agreement is the standard agreement that all other municipalities have executed. Staff are recommending that authority be given to the Mayor and CAO to execute the agreement provided it remains substantially in the form as attached. Municipal Client Questionnaire 2.14 As part of the onboarding process, ONE JIB asks municipalities to fill out a questionnaire (an example is in attachment 4) to get a better understanding of its clients needs and investment risk. This is similar to Know Your Client forms that customers fill out or go through at financial institutions. 2.15 Staff will be working throughout the summer to fill in this questionnaire in advance of the September ONE JIB meeting to facilitate the onboarding process. 3. Financial Considerations 3.1 Implementing the prudent investor standard provides access to greater diversification of investment, since the Municipality is no longer required to only invest in prescribed investments. This reduces certain risks such as concentration risk. 3.2 Joining an existing JIB is cost effective as the Municipality does not need to invest in the costs to create a new JIB, and is able to share the cost of governance with multiple municipalities. Further, the ability to access institutional investment managers may not be available to the Municipality due to its relatively smaller investment portfolio when compared to a joint board. 3.3 It should be noted that prudent investor does not guarantee increased revenues, there are factors outside of the control of the Municipality that will impact investment income. The move to prudent provides more options to the Municipality with which to diversify its investment portfolio and seek investment income opportunities. 4. Strategic Plan 4.1 The investment policy supports the expected result L.2: Finances and operations are efficiently and responsibly managed. 4.2 Investment income is used as a funding source to the Municipality. Investment income can be used as part of the long-term financial planning framework to mitigate tax increases while providing a source of funds for capital investment. This meets action L.2.5 funding strategy and proposed service levels for all assets. Page 77 Municipality of Clarington Page 7 Report FSD-015-24 5. Concurrence Not Applicable. 6. Conclusion It is respectfully recommended that Council approve the enabling by-law to move to Prudent Investor, approve the execution of the agreement to join ONE JIB, approve the new Investment Policy and direct staff to complete the necessary steps to join ONE JIB. Staff Contact: Trevor Pinn, CPA, CA, Deputy CAO, Finance and Technology/Treasurer, 905- 623-3379 ext.2602 or tpinn@clarington.net. Attachments: Attachment 1 — Draft By-law Authorizing Adoption of Prudent Investor Standard and Agreement with ONE JIB Attachment 2 — Draft Policy — Investment Policy Attachment 3 — Sample ONE JIB Agreement Attachment 4 — Sample ONE JIB Municipal Client Questionnaire Interested Parties: The following interested parties will be notified of Council's decision: • ONE Investment • ONE JIB • Region of Durham Page 78 Attachment 1 to Report FSD-015-24 If this information is required in an alternate format, please contact the Accessibility Coordinator at 905-623-3379 ext. 2131. The Corporation of the Municipality of Clarington By-law 2024-XXX Being a by-law to authorize the Corporation of the Municipality of Clarington to invest its money and investments that it does not require immediately in the Prudent Investor Program of ONE Joint Investment Board ("ONE JIB") pursuant to section 418.1 of the Municipal Act, 2001, to approve various documents, the entering into of specific agreements and the delegation of certain powers and duties. Whereas section 418.1 of the Municipal Act, 2001 (the "Act") permits a municipality that meets certain requirements to invest money that it does not require immediately in any security in accordance with the Act and the related regulations in any securities provided that it exercises the care, skill, diligence and judgment that a prudent investor would exercise in making such an investment; Whereas section 418.1 of the Act provides that a municipality may, pursuant to subsection 418.1 (2) of the Act, pass a by-law to have section 418.1 apply to the municipality (the "Prudent Investor Enabling By-law") provided that the municipality satisfies the prescribed requirements on the day the municipality passes the by-law and the Act further provides that subsection 418.1(2) will apply to the municipality as of the effective date set out in the by-law; And whereas paragraph 3 of section 15 of O. Reg. 438/97 (Part II) (the "Regulation") requires that a municipality that intends to invest pursuant to section 418.1 of the Act through a Joint Investment Board that was established by other municipalities must have entered into an agreement with the Joint Investment Board and any other municipalities investing through the Joint Investment Board before it passes its Prudent Investor Enabling By-law; And whereas section 18 of the Regulation provides that the council of a municipality shall adopt and maintain an investment policy in relation to investing under section 418.1 of the Act, and section 25 of the Regulation provides that a municipality may enter into an agreement described in paragraph 3 of section 15 and may adopt an investment policy under section 18 of the Regulation before a municipality passes a Prudent Investor Enabling by-law; And whereas the treasurer of The Corporation of the [insert name of the relevant municipality] (the "Municipality") completed a draft Municipal Client Questionnaire, in the form attached hereto as Schedule "A" (the "Municipal Client Questionnaire") and Page 79 Attachment 1 to Report FSD-015-24 prepared the draft investment policy statement attached hereto as Schedule "B", which is referred to as its Investment Policy Statement (the "IPS") and the Municipality intends to approve the completed draft Municipal Client Questionnaire and adopt the IPS, in accordance with section 18 of the Regulation; And whereas effective on May 19, 2020 The Corporation of the Town of Bracebridge, The Corporation of the Town of Huntsville, The Corporation of the Town of Innisfil, The Corporation of the City of Kenora, The District Municipality of Muskoka and The Corporation of the Town of Whitby (collectively the "Founding Municipalities") established a Joint Investment Board pursuant to an Initial Formation Agreement as a joint municipal service board pursuant to section 202 of the Act (the "Initial Formation Agreement"), which Joint Investment Board is called ONE Joint Investment Board ("ONE JIB") and all of the Founding Municipalities agreed under the Initial Formation Agreement to invest through ONE JIB; And whereas ONE JIB and the Founding Municipalities have entered into an agreement that provides that ONE JIB will invest under section 418.1 of the Act on behalf of the Founding Municipalities under that agreement (the "ONE JIB Agreement") and that ONE JIB will also invest under that agreement on behalf of other Ontario municipalities from time to time (each such municipality, including each Founding Municipality is a "Participating Municipality", collectively the "Participating Municipalities") on the basis that: (i) before any new Participating Municipality passes its Prudent Investor Enabling By-law it will have entered into the ONE JIB Agreement with ONE JIB and with all of the other Participating Municipalities on the day such new Participating Municipality passes its Prudent Investor Enabling By-law; and (ii) ONE JIB has met the criteria set out in subsection 17 (3) of the Regulation, and will, in accordance with section 418.1 of the Act, the Regulation and the ONE JIB Agreement, invest on behalf of the Participating Municipalities; And whereas pursuant to the ONE JIB Agreement, all Participating Municipalities, consent to other municipalities entering into the ONE JIB Agreement from time to time so long as they comply with the applicable requirements and criteria under the Act and the Regulation; And whereas ONE JIB is subject to all applicable provisions of the Act, including having- (i) a code of conduct established by the councils of each of the municipalities for which it is a local board (ii) an Integrity Commissioner and Closed Meeting Investigator appointed by the councils of the municipalities for which it is a local board; and (iii) a records retention by-law that establishes retention periods during which the records of ONE JIB must be retained and preserved in accordance with the Act; And whereas it has been determined by ONE JIB that it would be prudent to have one code of conduct, one Integrity Commissioner and one Closed Meeting Investigator for ONE JIB, rather than one from each of the Founding Municipalities and one from each '� Attachment 1 to Report FSD-015-24 of the other municipalities that subsequently enter into the ONE JIB Agreement; And whereas each of the Founding Municipalities and Participating Municipalities that subsequently entered into the ONE JIB Agreement pursuant to an authorizing by-law that is substantially in the same form as this By-law ("Authorizing By-law"), established the code of conduct for ONE JIB that is attached to the ONE JIB Agreement as part of the Terms of Reference (the "Code of Conduct") and authorized ONE JIB to make future changes to the Code of Conduct; And whereas after consultation with ONE Investment staff the Founding Municipalities directed ONE JIB's agent, ONE Investment, to undertake a Request for Proposals ("RFP") process to retain the services of both an Integrity Commissioner and a Closed Meeting Investigator for ONE JIB. After completion of the RFP process the recommended candidate was submitted to ONE JIB for its consideration and ONE JIB appointed the recommended candidate as its Integrity Commissioner and its Closed Meeting Investigator; And whereas each Founding Municipality, pursuant to an Authorizing By-law, delegated to ONE JIB the authority to appoint its initial Integrity Commissioner and its initial Closed Meeting Investigator and their respective successors, from time to time, in accordance with the process set out in the Terms of Reference which form part of the ONE JIB Agreement; And whereas a records retention by-law was passed by ONE JIB on February 28, 2024 (the "Records Retention By-law") and at that time more than a majority of the Participating Municipalities in their capacity as "affected municipalities" as that term is used in sections 254 and 255 of the Act, approved the establishment of the retention periods during which the records of ONE JIB must be retained and preserved and all of the Participating Municipalities at that time delegated the necessary powers and duties in respect of the records of ONE JIB to the Secretary of ONE JIB in accordance with the Records Retention By -Law; And whereas the Municipality is required to have entered into the ONE JIB Agreement before the Municipality can pass its Prudent Investor Enabling By-law; And whereas after ONE JIB confirms its acceptance of the Municipality as a Participating Municipality under the ONE JIB Agreement and after the Municipality, ONE JIB and ONE Investment have signed the ONE JIB Agreement ONE JIB, through its agent ONE Investment, and the Municipality will agree upon on an effective date which date will be the effective date of the Municipality's authorization of the application of section 418.1 of the Act to it, which effective date will also be known as the "Prudent Effective Date"; Now therefore the Council of the Municipality of Clarington enacts as follows Page 81 Attachment 1 to Report FSD-015-24 The Municipality delegates the completion of the Municipal Client Questionnaire for and on behalf of the Municipality to the Treasurer. 2. The Municipality adopts the IPS and acknowledges and agrees that control and management of its money and investments that it does not require immediately will be given to ONE JIB pursuant to the ONE JIB Agreement as at the Prudent Effective Date described in section 8 of this By-law. 3. The Municipality authorizes the entering into of the ONE JIB Agreement after ONE JIB has accepted the Municipality as a Participating Municipality under the ONE JIB Agreement, substantially in the form attached hereto as Schedule "C", pursuant to which ONE JIB will be given the control and management of the Municipality's money and investments that it does not require immediately together with that of all of the other Participating Municipalities as at the day this By-law is passed with an effective date that is the Municipality's Prudent Effective Date as described in section 8 of this By-law and the [head of council] and the treasurer are authorized to execute the ONE JIB Agreement for and on behalf of the Municipality. 4. Pursuant to the ONE JIB Agreement which the Municipality has authorized under this By-law, the Municipality agrees to the establishment of the Code of Conduct for ONE JIB as a local board of the Municipality on the basis that each municipality that invests through ONE JIB will similarly agree to the establishment of the Code of Conduct for ONE JIB in its capacity as a local board of that municipality and the Municipality hereby authorizes ONE JIB to make future changes to the Code of Conduct without further approval from the Municipality. 5. In accordance with the process for appointing an Integrity Commissioner and a Closed Meeting Investigator and their respective successors from time to time that is described in the Terms of Reference which form part of the ONE JIB Agreement the Municipality acknowledges that ONE JIB has appointed its initial Integrity Commissioner and its initial Closed Meeting Investigator and the Municipality approves such initial appointments by ONE JIB and the delegation to ONE JIB of the authority to appoint their respective successors from time to time. 6. The Municipality acknowledges that ONE JIB as a local board of the Municipality has established the retention periods during which it must retain and preserve its records in accordance with the Act and that more than a majority of the Participating Municipalities at the time approved or shortly thereafter approved the establishment of such retention periods and the Municipality approves of the retention periods set out in the Records Retention By-law and hereby delegates to the Secretary of ONE JIB the necessary powers and duties in respect of the Page 82 Attachment 1 to Report FSD-015-24 records of ONE JIB as described in the Records Retention By-law. 7. The delegation to ONE JIB of the power to appoint the successors of the initial Integrity Commissioner and of the initial Closed Meeting Investigator and the delegation to the Secretary of ONE JIB of the aforesaid powers and duties in respect of the records of ONE JIB will not be revoked prior to the end of the term of the council of the Municipality that made such delegations. These delegations may be revoked at any time thereafter. These delegations remain in effect unless and until such revocation occurs. 8. The Municipality hereby authorizes the application of section 418.1 of the Act to it after the ONE JIB Agreement has been signed by the Municipality, ONE JIB and ONE Investment on the basis that the effective date of the ONE JIB Agreement vis a vis the Municipality as a Participating Municipality will be the date that is set out as the Prudent Effective Date in a Prudent Effective Date Agreement substantially in the form attached hereto as Schedule "D" and the treasurer of the Municipality is hereby authorized to execute such agreement on behalf of the Municipality. 9. Any one or more of the Mayor, the treasurer and the clerk are, for and on behalf of the Municipality, each hereby authorized to do all things and to execute all other documents, instruments and papers in the name of the Municipality necessary or desirable to give control and management of its money and investments that it does not require immediately to ONE JIB and to deliver all documents, instruments and papers as required and as authorized by this By-law and such execution shall be conclusive evidence that such documents, instruments and papers so executed are the documents, instruments and papers authorized by this By-law. 10. Sections 1 to 7 inclusive and sections 9 and 10 of this By-law shall take effect on the day of passing and section 8 of this By-law shall take effect on the Municipality's Prudent Effective Date. Passed in Open Council this XX day of MMMM, 2024. Adrian Foster, Mayor June Gallagher, Municipal Clerk Page 83 Attachment 2 to Report FSD-015-24 Number: CP-XXX Title: Investment Policy Type: Financial Management Sub -type: Investments Owner: Finance and Technology Financial Planning Approved By: Council Approval Date: April 22, 2024 Effective Date: TBD Revised Date: . 11CK or iap to enter a date. Applicable to: Finance and Technology 1. Legislative or Administrative Authority: 1.1. This policy was developed in accordance with Section 418.1 of the Municipal Act, 2001, which authorizes a municipality to invest money that it does not require immediately in accordance with the prudent investor standard. The policy follows the Ontario Regulation 438/97, Eligible Investments, Related Financial Agreements and Prudent Investment. 2. Purpose: 2.1. This Investment Policy Statement (IPS) governs the investment of the Municipality's Money Not Required Immediately (MNRI) and Money Required Immediately (MRI). It is intended, among other things, to direct the Deputy CAO, Finance and Technology/Treasurer in the investment of MRI and to direct ONE Joint Investment Board (ONE JIB) in the investment of MNRI by implementing the Authorizing By-law (by-law name/number) pursuant to which the Municipality authorized the establishment of guidelines for the prudent management of the Municipality's MNRI pursuant to section 418.1 of the Act. 2.2. In addition to the Municipality's MRI and MNRI, the Municipality is from time to time entrusted with the management of money and investments for a third - party beneficiary ("third -party trust funds"). 2.3. There are also sources of money in which the Municipality may have an indirect interest but which the Municipality currently has no authority to invest. Such sources of money, referred to in this IPS as "designated funds", are listed in Schedule A attached hereto. The designated funds are identified in this IPS for the sole purpose of enabling the Municipality to better see, on an aggregated basis, the various financial assets in which the Municipality has an interest. The Municipality is not responsible for the investment activities or performance of designated funds. 2.4. The goals of this IPS are to: Page 1 of 22 Attachment 2 to Report FSD-015-24 a) Define and assign responsibilities for investment of MRI and MNRI; b) Describe the Municipality's responsibilities with respect to third -party trust funds and designated funds; c) Ensure compliance with the applicable legislation; d) Direct ONE JIB as to the Municipality's investment goals and risk tolerance; e) Provide guidance and limitations regarding the investments and their underlying risks; f) Establish a basis of evaluating investment performance and the underlying risks; and, g) Establish a reporting standard to Council. 2.5. This IPS applies to employees of the Municipality, to ONE JIB and to the employees of ONE Investment. ONE JIB, the Deputy CAO, Finance and Technology/Treasurer, and any agent or advisor providing services to ONE JIB in connection with the investment of the portfolio shall accept and strictly adhere to this IPS. 3. Scope: 3.1. This policy includes all funds that are managed by the Municipality of Clarington. 4. Definitions: 4.1. Act — means the Municipal Act, 2001, S.O. 2001, c. 25, as amended from time to time. 4.2. Agent — means any administrator, Custodian, payment servicer, portfolio manager, investment counsel, consultant, banker, broker, dealer or other service provider engaged or appointed by ONE JIB and authorized by ONE JIB to exercise any of the functions of ONE JIB pursuant to a written agreement, in the manner and to the extent provided in the Regulation and without limiting the generality of the foregoing, Agent includes ONE Investment. 4.3. Asset Class — An asset class is a specific category of assets or investments, such as cash, fixed income, equities, alternative investments, real estate etc. Page 2 of 22 Page 85 Attachment 2 to Report FSD-015-24 4.4. Asset Mix (or Asset Allocation) — means the proportion of each asset class in a portfolio. Asset classes include bank deposits, money market securities, bonds and equities, among other things. 4.5. Authorizing By-law — means a by-law of a Founding Municipality which authorizes: (i) the entering into of the Initial Formation Agreement; (ii) the establishment of ONE JIB; (iii) the approval of the Client Questionnaire and the adoption of the IPS; and (iv) the entering into of the ONE JIB Agreement. 4.6. Benchmark — means an index that is representative of a specific securities market (e.g. the S&P/TSX Composite Index, the FTSE/TMX 91 Day T-bill Index, etc.) against which investment performance can be compared. Performance benchmarks refer to total return indices in Canadian dollar terms. 4.7. CFA Institute — refers to the global, not -for -profit professional association that administers the Chartered Financial Analyst (CFA) and the Certificate in Investment Performance Measurement (CIPM) curricula and examination programs worldwide, publishes research, conducts professional development programs, and sets voluntary, ethics -based professional and performance reporting standards for the investment industry. 4.8. Credit Risk — means the possibility of a loss resulting from a borrower's failure to repay a loan or meet contractual obligations. That is, the risk that a lender may not receive the owed principal and interest. 4.9. Custodian — means a specialized financial institution that is responsible for safeguarding a municipality's investments and is not engaged in "traditional" commercial or consumer/retail banking. Global custodians hold investments for their clients in multiple jurisdictions around the world, using their own local branches or other local custodian banks ("sub -custodians" or "agent banks"). 4.10. Derivative — A derivative is a contract between two or more parties whose value is based on an agreed -upon underlying financial asset (like a security) or set of assets (like an index). Common underlying instruments include bonds, commodities, currencies, interest rates, market indexes, and stocks. 4.11. Environmental, Social and Governance (ESG) Investing — means considering and integrating ESG factors into the investment process, rather than eliminating investments based on ESG factors alone. Integrating ESG information can lead to more comprehensive analysis of a company. 4.12. Interest Rate Risk — refers to the possibility that the value of a bond or other fixed -income investment will suffer as the result of a change in interest rates. Interest rate risk can be managed to help improve investment outcomes. Page 3 of 22 Attachment 2 to Report FSD-015-24 4.13. Internal Controls — means a system of controls that may include authorities, policies, procedures, separation and segregation of duties, compliance checks, performance measurement and attribution, reporting protocols, measures for safekeeping of property and data, and the audit process. 4.14. Investment Plan — means the investment plan applicable to the Long -Term Money investments and adopted by ONE JIB under the Regulation, as it may be amended from time to time. 4.15. Investment Policy Statement (IPS) — means the investment policy applicable to the Municipality's investments adopted and maintained by the Council of the Municipality for Long -Term Money under the Regulation, and for Short -Term Money, as the same may be amended from time to time. The IPS may also apply to the money and investments held by the Municipality for the benefit of persons other than the Municipality itself and may make reference to source(s) of money in which the Municipality may have an indirect interest but which the Municipality has no authority to invest. 4.16. JIB — is short for Joint Investment Board and means a joint municipal service board that is established under section 202 of the Act by two or more municipalities for the purposes of Part II of the Regulation. 4.17. Legal List Securities — means the securities and other investments and financial instruments that are included from time to time in Part I of the Regulation. 4.18. Leverage — means an investment strategy of using borrowed money — specifically, the use of various financial instruments or borrowed capital —to increase the potential return of an investment. Typically leverage also tends to increase investment risks. 4.19. Local Distribution Corporation or LDC — means a corporation incorporated under section 142 of the Electricity Act, 1998. 4.20. Long -Term Money — means money that the municipality has defined as long- term and characterized as money that is not required immediately by the Municipality as described in section 5.16 Monies that are Long Term Money will be invested in accordance with the Prudent Investor Standard.- 4.21. Modern Portfolio Theory — means a theory of portfolio management that looks towards the portfolio as a whole, rather than towards the prudence of each investment in the portfolio. This is found in the CFA Institute Standards of Practice Handbook. Page 4 of 22 Page 87 Attachment 2 to Report FSD-015-24 4.22. Money Required Immediately (MRI) — municipal funds not included in the Money Not Required (MNRI) definition included in this policy, funds are governed in accordance with Section 418 of the Act. 4.23. Money Not Required Immediately (MNRI) — long term municipal funds defined in this policy, that are governed by the Prudent Investor Standard in accordance with Section 418.1 of the Act. 4.24. Municipality — means the Municipality of Clarington. 4.25. OCIO Offering - means the comprehensive investment program made available through ONE JIB pursuant to which a duly qualified investment manager who is an External Portfolio Manager is engaged by ONE Investment to advise a participating municipality with regard to the investment of the participating municipality's Managed Assets and to invest and manage such Managed Assets in accordance with the terms and conditions set out in the ONE JIB Agreement. 4.26. ONE JIB - means ONE Joint Investment Board, established by certain founding municipalities under section 202 of the Act as a JIB for purposes of Part II of the Regulation, which is the duly appointed JIB for the Municipality, as constituted from time to time and which acts in accordance with the Act, the Regulation, the ONE JIB Agreement, including the Terms of Reference, this IPS and the Investment Plan. 4.27. ONE JIB Agreement — means the agreement effective as of TBC, entered into in accordance with the requirements of the Regulation, pursuant to which ONE JIB has control and management of the Municipality's Long -Term Money. 4.28. Participating Municipality - means from time to time each of the municipalities for whom ONE JIB acts as the JIB under the terms of the ONE JIB Agreement. 4.29. Pooled Fund - means a unit trust established under a trust instrument, generally not available to the public, in which institutional, sophisticated or high net worth investors contribute monies that are invested and managed by an External Portfolio Manager. Monies are pooled or combined with monies of other investors. 4.30. Portfolio - means any collection of funds that are grouped together and required for specific purposes. 4.31. Proxy Voting - means a legal transfer to another party of a shareholder's right to vote thereby allowing shareholders who cannot attend meetings to Page 5 of 22 Attachment 2 to Report FSD-015-24 participate. External Portfolio Managers usually vote proxies on behalf of their clients. 4.32. Prudent Effective Date - means the date on which the prudent investor regime applies to the Municipality. 4.33. Prudent Investor Standard - means the standard that applies when the Municipality invests money that it does not require immediately under section 418.1 of the Act. It requires the Municipality to exercise the care, skill, diligence and judgment that a prudent investor would exercise in making such an investment and the standard does not restrict the securities in which the Municipality can invest. The Prudent Investor Standard makes use of Modern Portfolio Theory and applies the standard of prudence to the entire portfolio in respect of the Municipality's Long -Term Money rather than to individual securities. It identifies the fiduciary's central consideration as the trade-off between risk and return as found in the CFA Institute Standards of Practice Handbook. 4.34. Regulation — means Ontario Regulation 438/97. 4.35. Risk — means the uncertainty of future investment returns or chance of loss of capital. 4.36. Risk Tolerance — means the financial ability and willingness to absorb a loss in return for greater potential for gains. 4.37. Securities Lending — means loaning a security to another market participant. The borrower is required to deliver to the lender, as security for the loan, acceptable collateral with value greater than the value of the securities loaned. The Securities Lending program is managed by the Custodian or another appointed agent on behalf of investors. A Securities Lending program is widely used by institutional investors to generate additional marginal returns on the total portfolio. 4.38. Short -Term Money — means money that is required immediately by the Municipality as described in section 5.14 and which remains under the control and management of the Municipality. The money can be invested in appropriate Legal List Securities. 4.39. Sinking Fund — means a fund established to fulfil the requirements to make annual contributions in respect of various debenture issues wherein money is to be regularly set aside for the payment of the principal of the debentures at maturity. Page 6 of 22 Attachment 2 to Report FSD-015-24 4.40. Sinking Fund Required Contributions (Annual Sinking Fund Requirement) — means the amount of money to be set aside each year for deposit into a sinking fund or a retirement fund, as applicable, for each sinking fund and term debenture issue in accordance with the Municipality's debenture by-laws. 4.41. Sinking Fund Required Earnings — means the investment earnings needed for the Sinking Fund Contributions to continue to grow to a value sufficient to repay the principal at maturity for each issue of sinking fund and term debentures. 4.42. Sinking Fund Excess Earnings — means the investment earnings in excess of the required earnings. 4.43. Treasurer — means the Deputy CAO, Finance and Technology/Treasurer, or other individual appointed by Council to fill role of Treasurer as required by the Municipal Act, 2001 5. Policy Requirements: General Statements 5.1. Investments of Money Required Immediately (MRI) will, in accordance with this IPS, only be made in Legal List Securities. 5.2. Investments of Money Not Required Immediately (MNRI) are governed by the Prudent Investor Standard in accordance with Section 418.1 of the Act. This standard is similar to that which governs trustees and pension fund administrators and creates a fiduciary responsibility. Prudent investment in compliance with the Act and the Regulation enhances the potential for the Municipality to earn improved risk -adjusted rates of return. 5.3. Money and investments that the Municipality holds as third -party trust funds or has an interest in as designated funds will be subject to applicable legislation and any related agreements or instruments. 5.4. The Act provides that the Municipality, and therefore ONE JIB, must consider the following criteria in planning investments of MNRI, in addition to other criteria relevant to the circumstances: a) General economic conditions; b) The possible effect of inflation or deflation; c) The role that each investment plays within the Municipality's total portfolio of investments; Page 7 of 22 Page 90 Attachment 2 to Report FSD-015-24 d) The expected total return from income and the appreciation of capital; and e) Needs for liquidity, regularity of income and preservation or appreciation of capital. 5.5. Use of Prudent Investor Standard 5.5.1. For MNRI, the standard to be used by the Municipality and ONE JIB shall be the Prudent Investor Standard as required by section 418.1 of the Act and Part II of the Regulation in the context of managing the Municipality's MNRI and investments thereof. Investments shall be made with the care, skill, diligence, and judgment, taking into account the prevailing circumstances, that persons of prudence, discretion and integrity would exercise in the management of investments, considering the necessity of preserving capital as well as the need for income and appreciation of capital. The Act includes a duty to obtain the advice that a prudent investor would obtain under comparable circumstances. 5.5.2. Officers, employees and investment agents acting in accordance with written procedures and the IPS and exercising due diligence shall take all necessary actions to optimize performance of investments on a portfolio basis, taking into account the prescribed risk and other parameters set out in this IPS and market factors. The Municipality's staff acting in accordance with written procedures and this IPS, shall be relieved of personal responsibility for an investment's performance, provided underperformance relative to expectations is reported to Council and the liquidation or sale of investments is carried out in accordance with this IPS. Determination of Money Required Immediately and Money Not Required Immediately 5.6. Determination of the Municipality's MNRI is the responsibility of Council. In making the determination, Council may consider: 5.6.1. the time horizon within which the monies are needed to meet financial obligations; 5.6.2. the purpose for which the monies have been collected or set aside and are to be used; 5.6.3. the source of the money; or 5.6.4. any combination of the foregoing Page 8 of 22 Page 91 Attachment 2 to Report FSD-015-24 5.7. There is no legislated definition of MRI or MNRI and no guidance is provided.. The municipality has the responsibility to define the basis of MNRI in a way that is most appropriate for their circumstances. 5.8. The Municipality defines MNRI as funds that are, in the opinion of the Treasurer, required within the next 36 month period 5.9. For certainty, all money and investments of the Municipality that have not been identified as MNRI (other than third -party trust funds and any designated funds referenced in Section 5.3) shall be deemed for purposes of this IPS to be MRI. 5.10. Determination of the Municipality's MNRI and MRI may be modified at any time and from time to time by action of Council and with respect to specific money by the Treasurer in accordance with the provisions of Section 5.35. 5.11. Any changes in this IPS regarding the Municipality's MNRI and MRI must be communicated immediately in writing to ONE JIB. 5.12. The Municipality's portfolios represent funds required for specific purposes. A high-level description of each of these portfolios and their objectives is provided in Section 5.17 below. This IPS applies to the following money of the Municipality, its agencies, boards and commissions including: 5.12.1. MRI which is invested in Legal List Securities; and/or 5.12.2. MNRI which is invested under the Prudent Investor Standard. Investment 5.13. The Municipality's MRI is described in this IPS as Short -Term Money. Short - Term Money consists of money that is needed to meet the short-term financial obligations of the Municipality and are controlled and managed by the, Finance Treasurer or designate. 5.14. Short -Term Money: Investment Objectives 5.14.1. The main focus of the investment of Short -Term Money is cash management, and the interest income generated by the investment of these monies contribute to municipal revenues. To the extent possible, the Municipality shall attempt to match its investments with anticipated obligations. 5.14.2. Capital preservation is the paramount objective for short-term investments, and these investments need to be highly liquid. Consequently, only high -quality, short-term investments that are also Legal List Securities will be held in this portfolio. The Municipality may invest in fully liquid money market securities and deposit accounts. The Municipality aims to maximize returns subject to the Page 9 of 22 Page 92 Attachment 2 to Report FSD-015-24 constraints set out in Part I of the Regulation, as amended from time to time, with a view to preserving capital and to further manage risk through diversification by issuer and credit quality. 5.14.3. The investment objectives for short term money, ranked in priority, are as follows: a) Security of Principal The primary objective for MRI is to ensure the security of principal. To minimize the risk of loss, investments shall be subject to minimum credit ratings and shall be diversified by maturity, type of investment and issuer. Investing activities will be reviewed on a regular basis as actual, revised and forecasted operating and capital plans are completed. Maturity dates should be structured so that investment cash inflows occur when needed. b) Liquidity Requirements Liquidity is measured by the ease with which securities can be converted to cash to meet forecast spending. The investments that are eligible under Ontario's Eligible Investments and Related Financial Agreements Regulation possess different features and thus market prices will vary depending on market conditions, as well as the particular features of the type of investment. To ensure adequate liquidity, the Municipality's investments shall be diversified by holding securities of various terms to maturity and by various types of investments and issuers and to the extent possible, the term of such investments shall match the forecasted requirements for such monies to meet expenditures. c) Rate of Return The Municipality's money shall be invested to maximize the rate of return within acceptable risk levels while respecting the security of principal, legal constraints and the liquidity needs of each investment portfolio. The composition of each portfolio, including its term to maturity and type of investments, shall be adjusted within the guidelines of this Policy to take advantage of market opportunities. Such changes shall be made with the periodic interest rate outlook and target portfolio structure approved by the Treasurer. 5.15. Short -Term Money: Eligible Investments 5.15.1. Short Term Money may be invested in high quality, short-term investments that are also Legal List Securities available from banks, dealers and other financial Page 10 of 22 Page 93 Attachment 2 to Report FSD-015-24 institutions. Investments issued or guaranteed by approved institutions will be permitted by this Policy, as deemed eligible by Ontario Regulation 438/97 or as authorized by subsequent provincial regulations. Investments will be limited to securities issues maintaining a minimum credit rating by an appropriate credit rating agency. 5.15.2. The Municipality's existing Investment Policy CP-003, which is referred to in Part I of the Regulation as a statement of investment policies and goals, is attached as Appendix III and will apply to its Short -Term Money. Necessary modifications will apply and in the event of a conflict between this IPS and the attached investment policy in respect of the Short -Term Funds, the provisions of the CP-003 Investment Policy (Legal List) will prevail. 5.16. MNRI: Long -Term Money 5.16.1. The Municipality's MNRI is described in Section 5.8 as Long -Term money. In accordance with the ONE JIB Agreement and this IPS, ONE JIB has exclusive control and management of the Long -Term Money and the investments made therewith. 5.16.2. From time to time, the Municipality may require money immediately to meet financial obligations and may require ONE JIB to liquidate one or more investments in order to generate money to meet those obligations. ONE JIB will select the investment(s) to be liquidated. The timing of such liquidation will be determined by ONE JIB in consultation with the Treasurer. 5.17. Long -Term Money: Investment Objectives 5.17.1. In setting the objectives noted below, the Municipality has taken into account the following considerations: a) Preservation of capital; b) Adequate liquidity that takes into account the needs of financial obligations and reasonably anticipated budgetary requirements; c) Diversification by asset class, market, sector, issuer, credit quality and term to maturity; d) Income and capital appreciation; and, e) Macro risks, such as inflation, economic growth and interest rates. Page 11 of 22 Page 94 Attachment 2 to Report FSD-015-24 5.17.2. Investment of long-term money is to be managed by ONE JIB in a way that balances the investment objectives, expected returns and risk, to develop asset allocations that achieve the Municipality's financial needs with stated risk tolerances. 5.17.3. The investment objectives for MNRI are as follows: Short Term Medium Term Long Term Preservation of Capital Contributions towards capital projects, mitigating inflation impacts and meeting target funding requirements Contributions towards capital projects, mitigating and meeting target funding requirements. Emphasis on long term inflation adjusted growth Low Risk Moderate Risk Moderate to Moderate High Risk 3-4 years 5-10 years > 10 Years 5.17.4. The MNRI invested with ONE JIB will be broadly diversified to help reduce the volatility of investment returns. Returns have an impact on revenues, as well as a longer -term impact on future years' budgets and should, at a minimum, keep pace with inflation. To the extent possible, the Long -Term Money's investment horizons are aligned with the Municipality's obligations and cash flow requirements and may consist of liquid and non -liquid securities based on future cash flow requirements. 5.18. Long -Term Money: Eligible Investments 5.18.1. Eligible investments for Long -Term Money include any Pooled Fund or other collective investment vehicle or institutional investment management product Page 12 of 22 Page 95 Attachment 2 to Report FSD-015-24 that is part of the OCIO Offering for the Prudent Investment Program (Prudent Investment Offering), provided always that the products and the selection of products comply in all material respects with the IPS. 5.18.2. Additionally, nothing in this IPS prevents Long -Term Money from being held in cash, short-term money market instruments, or overnight deposits. 5.19. Long -Term Money: Sinking Funds 5.19.1. There are no provisions applicable for sinking funds. 5.20. Long -Term Money: Local Distribution Corporation (LDC) Securities 5.20.1. The direct investment in LDC shares and/or promissory notes, as may be applicable, prior to the Prudent Effective Date, shall be permitted and included as part of the Long -Term Money/MNRI held by ONE JIB. Specific details of this investment shall be approved by Council in its sole and absolute discretion, and ONE JIB shall adhere to all terms and conditions as directed by the Municipality. More specifically, ONE JIB shall be prohibited from selling, transferring, assigning, or pledging the LDC shares. 5.20.2. LDC shares are considered restricted, special assets and remain in the custody of the Municipality. LDC shares are to be viewed as separate standalone investments with the subject matter expertise and administrative functions remaining under the purview of the Municipality of Clarington. Council retains direct, de facto control of the LDC shares and ONE JIB shall adhere to all terms and conditions as directed. More specifically, Council controls all acquisition and disposition decisions related to current and future LDC assets. Any voting related to LDC shares will be undertaken solely by the Municipality. 5.20.3. The investment in LDC shares will not be included in calculations regarding asset mix/allocations or other constraints that apply to the Long -Term Money. 5.20.4. The investment in Elexicon Corporation is considered to be an investment in an LDC for the purposes of this policy as it is the sole shareholder of Elexicon Energy which is an LDC. 5.21. Third -Party Trust Funds and Designated Funds 5.21.1. In addition to the Municipality's own money, the Municipality is from time to time entrusted with third -party trust funds, and the Municipality's responsibilities and obligations with respect thereto may be subject to other legislation and governed by other agreements and instruments. To the extent that there is any conflict or inconsistency between the provisions of this IPS and the terms and conditions contained in such other legislation, agreements or instruments applicable to third -party trust funds, the latter shall prevail. Page 13 of 22 Page 96 Attachment 2 to Report FSD-015-24 5.21.2. The Municipality's third -party trust funds and the designated funds are listed in Schedule A. 5.21.3. For certainty, the third -party trust funds and the designated funds are not MNRI of the Municipality, and such monies are not under the control or management of ONE JIB. Investment Management 5.22. Investment Management of Short -Term Money 5.22.1. The investment of Short -Term Funds shall be controlled and managed by the Treasurer. 5.23. Investment Management of Long -Term Money 5.23.1. The investment of Long -Term Money shall be controlled and managed by ONE JIB in accordance with this IPS. 5.23.2. An Outsourced Chief Investment Officer ("OCIO") and/or External Portfolio Managers shall be appointed by ONE JIB, and they shall each enter into an agreement with ONE Investment that complies with this IPS and Part 11 of the Regulation and provide for delivery of compliance and performance reports. In accordance with the applicable regulatory requirements, ONE JIB shall make any OCIO and/or External Portfolio Managers changes deemed in the best interest of the participating municipalities. ONE Investment shall agree on a set of operational guidelines including constraints, discretion limits, diversification and quality standards, and performance expectations, which are documented in the OCIO's and/or External Portfolio Managers' guidelines. 5.24. Transition to Prudent Investor Regime 5.24.1. Until the Prudent Effective Date, the Municipality will continue to control and manage its MRI, MNRI and investments in Legal List Securities. Some Legal List investments were made with MRI and some with MNRI. 5.24.2. Upon and after the Prudent Effective Date, the control and management of money and investments that are determined to be not required immediately shall be given to ONE JIB. Nothing in this IPS requires that such investments need be liquidated or disposed of. It is not contrary to this IPS for investments that the Municipality does not require immediately to be held, and to continue to be held by, ONE JIB in instruments such as term deposits, guaranteed investment certificates or principal protected notes issued by a financial institution. They can be held to maturity and invested upon receipt of cash proceeds. Page 14 of 22 Page 97 Attachment 2 to Report FSD-015-24 5.24.3. Management of third -party trust funds and any designated funds is not directly affected by the Prudent Effective Date. Investment Constraints 5.25. Environmental, Social and Governance (ESG) Investing 5.25.1. The Municipality supports ESG investing for Short -Term and Long -Term Money. The Municipality believes that well -managed companies are those that demonstrate high ethical and environmental standards and respect for their employees, human rights, and the communities in which they do business, and that these actions contribute to long term financial performance. 5.25.2. The Municipality has chosen to monitor the developments of ESG factors and will reconsider its approach to ESG investing for the Short -Term Portfolio as and when appropriate to do so. 5.25.3. For the investment of Long -Term Money, ONE JIB is required to explore how External Portfolio Managers are implementing responsible investing principles at the time of hiring and during periodic reviews. It may report on results periodically, if requested. 5.26. Securities Lending 5.26.1. For the investment of Short -Term Money, Securities Lending is not permitted. 5.26.2. For the investment of Long -Term Money, the Municipality may invest in pooled funds, and other investment funds that are managed by an External Portfolio Manager who may engage in Securities Lending if the policies of the External Portfolio Manager permit such an action. 5.27. Derivatives 5.27.1. Derivatives may not be used for speculative purposes. They may be used for the investment of Long -Term Money where they are fully covered by a backing asset, e.g., as for currency or other hedging, to change portfolio duration or in covered call strategies. 5.28. Use of Leverage 5.28.1. Nothing in this IPS prevents the use of leverage, provided it is prudent to do so. Leverage is inherent in the use of certain types of investment strategies and instruments. Where leverage is employed, ONE JIB (for MNRI) and the Treasurer (for MRI) shall have in place monitoring procedures to manage overall exposure to any counterparty Leverage is not a strategy currently employed by ONE JIB but may be considered at a later date. Page 15 of 22 Attachment 2 to Report FSD-015-24 5.29. Pooled Funds 5.29.1. All investment strategies may be pursued directly through holdings of corporate and government issuers and indirectly via pooled funds and investment funds or any combination thereof. The investment strategies may also include allocations to cash or short-term investment vehicles. 5.30. Currency Hedging 5.30.1. The Short -Term Portfolio may consider the utilization of currency hedging only in cases where the Municipality can allocate the hedge to a specific capital purchase denominated in a foreign currency. 5.30.2. The Municipality's funding requirements are in Canadian dollars. However, some exposure to foreign currencies in the Long -Term Portfolio may be advantageous to provide diversification and potentially enhance returns. Therefore, it shall not be a violation of this IPS for investments in global mandates to be unhedged, in whole or in part, where the diversification benefits embedded in the currency exposure are considered to be beneficial or desirable by ONE JIB. 5.31. Prohibited Investments 5.31.1. There are no investments specifically listed as prohibited. 5.32. Performance Monitoring, Rebalancing and Management 5.32.1. Short -Term Money 5.32.2. Reporting of Short -Term Money shall be in accordance with policy CP-003 Investment Policy (Legal List). 5.32.3. Long -Term Money 5.32.4. For the investment of Long -Term Money, ONE JIB shall establish parameters for monitoring investments and rebalancing through policy or directly within the investment plan. 5.32.5. Investments are expected to achieve returns at least equal to their benchmarks measured over a rolling five-year period. At minimum, ONE JIB shall provide reporting described in Section 6.7 that shows the Municipality's holdings, declares compliance with this IPS, and shows External Portfolio Manager performance. Administrative Policies Page 16 of 22 Page 99 Attachment 2 to Report FSD-015-24 5.33. Flow of Money and Annual Municipal Budget 5.33.1. On an annual basis, as part of the Municipality's Annual Review process, the Municipality shall identify the amount, if any, of Long -Term Money that it holds. Any Long -Term Money not already under the control and management of ONE JIB shall be transferred to ONE JIB as soon as practicable. 5.33.2. On an annual basis, ONE JIB shall be notified by the Treasurer as to the amount, if any, required by the Municipality from the Long -Term Money then under the control and management of ONE JIB for the Municipality's operational purposes. Such amount shall be deemed to be Short -Term Money and shall be returned to the Municipality in a lump sum or by way of periodic payments, as directed by the Treasurer. 5.34. Flow of Money Otherwise than through the Budget Process 5.34.1. The Short -Term Funds capture revenues received by the Municipality during each year after the approval of the Municipality's budget for the year. Any amounts deemed to be MNRI by the Treasurer at any such time during the year shall be transferred to ONE JIB to be under its management and control as Long -Term Funds. Amounts so transferred will be recorded annually in the Investment Plan and allocated by ONE JIB in accordance with the Investment Plan. 5.35. Contingencies 5.35.1. The Treasurer is authorized to direct ONE JIB to return any amounts determined by the Treasurer to be required to meet expenditures for unexpected contingencies not anticipated by the Municipality's budget in force for that year, provided however that the aggregate of the amounts to be returned to the Municipality under this Section 6.2.2 during the year shall not exceed 25% of the Long -Term Money under the control and management of ONE JIB as at the date that the Municipality approved its budget for the year (the Budgeted Long -Term Money). In determining the Budgeted Long -Term Money for purposes of calculating the 25% limit, any Long -Term Money to be transferred to the control and management of ONE JIB in accordance with that year's Annual Review pursuant to Section 5.41.2 shall be included and any amount to be returned by ONE JIB to the Municipality pursuant to Section 6.1.2 shall be excluded. 5.36. Valuation of Investments 5.36.1. Investments shall be valued according to the values provided by the Custodian(s). For the investment of Long -Term Money, values of unitized vehicles shall be valued according to the unit values published by the Page 17 of 22 Page100 Attachment 2 to Report FSD-015-24 Custodian. Other investments shall be valued at their market value when that is available from regular public trading. If a market valuation of an investment is not available, then a fair value shall be supplied by the External Portfolio Manager to the Custodian no less frequently than quarterly. 5.37. Voting Rights 5.37.1. Subject to the provisions of Section 5.2.4 with respect to LDC securities, where External Portfolio Managers have been appointed, such External Portfolio Managers shall assume the responsibility of exercising voting rights and will report their voting policies to ONE JIB annually. The Municipality may access these policies at any time. 5.38. Internal Controls 5.38.1. The Treasurer shall establish an annual process of review of all investments made under this IPS. This review will provide internal control by assuring compliance with governing legislation and with policies and procedures established by the Treasurer. To the extent ONE JIB's input is needed, these requirements will be communicated in advance to ONE JIB. 5.39. Custodians 5.39.1. All investments and assets of the investment portfolios shall be held by a Custodian and any of the Custodian's sub -custodians or nominees. For Long - Term Money, the Custodian shall be acceptable to ONE Investment. For Short - Term Money the Custodian shall be acceptable to ONE Investment if ONE Investment products are being used for the investment of the Municipality's Short -Term Money, otherwise the Custodian shall be acceptable to the Municipality. 5.40. Reporting 5.40.1. For the investment of Short -Term Money (MRI), the Treasurer shall report at least annually to Council, the report to be in a form and contain such content as Council may request. Subject to any reporting obligations contained in the Municipality's Investment Policy (Legal List) the report to Council shall include investment performance during the period covered and any other information required under the Regulation and that the Treasurer may consider to be pertinent. 5.40.2. The Regulation provides that ONE JIB shall submit an investment report to Council in respect of the investment of Long -Term Money (MNRI) at least annually. This report shall include the following. a) Investment performance during the period covered by the report; Page 18 of 22 Page 101 Attachment 2 to Report FSD-015-24 b) Asset mix of the total portfolio; c) A listing of individual investments held at the fund level at the end of the reporting period showing, where appropriate, book value, market value, realized/unrealized gains/losses and actual income received; d) A list of all transactions including the security name, trade date, and the purchase and/or sale price; e) A statement by the Treasurer as to whether all investments were made in accordance with the IPS and as to whether all investments were made in accordance with the Investment Plan; and f) Any other pertinent information in the opinion of the Treasurer. 5.40.3. All securities invested on behalf of the Municipality by ONE JIB or with the assistance of ONE Investment shall be held for safekeeping in the name of the Municipality by a Custodian. 5.41. Approval, Subsequent Modifications and Effective Date 5.41.1. Policy CP-003 Investment Policy shall be renamed CP-003 Investment Policy (Legal List) and will be reviewed on an annual basis. 5.41.2. At least annually, Council shall review the IPS and update it, if required. In the course of reviewing the IPS, Council may request comments from the Treasurer with respect to the investment of Short -Term Money and from ONE JIB with respect to the investment of Long -Term Money. 5.41.3. Following the Council's review of the IPS, ONE JIB shall review the Investment Plan and update it, if required. 5.41.4. At a minimum, the annual IPS review will consider: a) the adequacy of funding for capital works; b) the Municipality's ability to reduce other spending; c) flexibility of the timeframe to payout; and d) sensitivity to loss. 5.42. Effective Date 5.42.1. This IPS is adopted by Council of the Municipality, and will come into force effective the date of the Prudent Effective Date Agreement as signed by ONE Page 19 of 22 Page102 Attachment 2 to Report FSD-015-24 JIB and the Municipality.. The Treasurer is directed to sign a copy of this IPS to evidence approval and to deliver a copy of this IPS to ONE JIB. 6. Roles and Responsibilities: 6.1. Council is responsible for: 6.1.1. Approving the Municipality's Investment Policy and reviewing the policy on an annual basis. 6.2. Chief Administrative Officer (CAO) is responsible for: 6.2.1. Ensuring compliance with this policy 6.3. Deputy CAO, Finance and Technology/Treasurer is responsible for: 6.3.1. This IPS is approved and adopted by Council with input from the Treasurer, and from ONE JIB with respect to MNRI. MRI of the Municipality, and any third - party trust funds referenced in Section 5.3, remain under the control and management of the Treasurer. 6.3.2. Consistent with this IPS, the Treasurer is responsible for the implementation of the investment program and the establishment of investment procedures which shall include: a) Investment management of MRI and any third -party trust funds referenced in Section 5.3 by, or under the direction of, the Treasurer; b) The deposit or withdrawal of MNRI, under the explicit delegation of authority regarding MNRI, and the investment thereof, to ONE JIB, which is responsible for the control and management of such funds and investments; and, c) A system of controls exercised by the Treasurer to regulate the activities of employees. 6.3.3. No person including, without limitation, ONE JIB, may engage in an investment transaction except as provided under the terms of this IPS. 6.3.4. In the management of MRI of the Municipality, and any third -party trust funds referenced in Section 2.1, the Treasurer may engage one or more agents and service providers. ONE Investment can assist with the investment of the Municipality's MRI, in Legal List Securities, and with the investment of third - party trust funds, in accordance with the terms of the applicable trust, if permitted, at the request of the Municipality. Page 20 of 22 Page103 Attachment 2 to Report FSD-015-24 6.4. ONE JIB is responsible for: 6.4.1. ONE JIB has been appointed by the Municipality in accordance with the requirements of the Act and the Regulation and on the terms and conditions set out in the ONE JIB Agreement (Appendix 1). 6.4.2. ONE JIB exercises control and management of the Municipality's MNRI and the investments made by it in accordance with the objectives and risk tolerance established in this IPS. 6.4.3. Among the responsibilities of ONE JIB are the following: a) Reviewing this IPS; b) Adopting and maintaining an Investment Plan that complies with this IPS; c) Engaging External Portfolio Managers, Custodians, administrators and other investment professionals (Agents); d) Allocating the money and investments under its control and management among External Portfolio Managers and their funds in compliance with this IPS; e) Monitoring the performance of the Agents; and, f) Reporting to the Municipality. 6.4.4. The foregoing is subject to the more detailed terms and conditions contained in the ONE JIB Agreement. 6.4.5. ONE JIB, in its capacity as a joint municipal service board, in addition to being a local board of each member Municipality is subject to a Code of Conduct as required by the Municipal Act, 2001 (the "Act"). This Code of Conduct applies to the Chair and the other Members of ONE JIB acting in their capacity as Members of ONE JIB. 6.5. All Staff are responsible for: 6.5.1. Individuals who are responsible for the Municipality's Short -Term Portfolio shall comply with the Municipality's Conflict of Interest guidelines and any relevant professional codes of conduct (e.g., the CPA Code of Professional Conduct). 7. Related Documents: 7.1. CP-003 Investment Policy (Legal List) Page 21 of 22 Page104 Attachment 2 to Report FSD-015-24 7.2. O.Reg.438/97: Eligible Investments, Related Financial Agreements and Prudent Investment 8. Inquiries: 8.1. Manager, Financial Planning/Deputy Treasurer 8.2. Deputy CAO, Finance and Technology/Treasurer 9. Revision History: Date � Description of Changes � Approved By Page 22 of 22 Page105 March 4, 2024 MASTER COPY Between ONE JOINT INVESTMENT BOARD and r ONE INVESTMENT and Each of the Municipalities Listed in Schedule A hereto (PARTICIPATING MUNICIPALITIES) 29 and [NAME OF MUNICIPALITY] THE APPLICANT MUNICIPALITY Approved on May 19, 2020 Dated as of July 2, 2020 As updated to December 15, 2023 201941 10.3 Table of Contents Page Section 1 - INTERPRETATION.........................................................................................................................2 1.01 Definitions...........................................................................................................................2 1.02 Governing Law.....................................................................................................................5 1.03 Headings and Table of Contents.........................................................................................5 1.04 Number and Gender........................................................................................................... 5 1.05 Severability..........................................................................................................................5 Section 2 - ONE JOINT INVESTMENT BOARD................................................................................................5 2.01 Appointment.......................................................................................................................5 2.02 Exclusive Appointment.......................................................................................................5 2.03 Delegation...........................................................................................................................6 2.04 Acceptance..........................................................................................................................6 2.05 Acceptance by Participating Municipalities........................................................................6 Section 3 - DUTIES OF ONE JIB......................................................................................................................6 3.01 Duties..................................................................................................................................6 3.02 Engagement of Agents........................................................................................................ 6 3.03 Role of ONE Investment......................................................................................................7 3.04 Monitoring Performance....................................................................................................7 3.05 Further Authorizations........................................................................................................7 3.06 OCIO Offering......................................................................................................................8 Section 4 - REPRESENTATIONS AND WARRANTIES........................................................................................8 4.01 Representations and Warranties of Applicant Municipality...............................................8 4.02 Representations and Warranties of Participating Municipalities.......................................8 4.03 Representations and Warranties of Founding Municipalities.............................................9 4.04 Representations and Warranties of ONE JIB.......................................................................9 4.05 Representations and Warranties of ONE Investment.........................................................9 Section 5 - INVESTMENT POLICY AND INVESTMENT PLAN.........................................................................10 5.01 Investment Policy..............................................................................................................10 5.02 Investment Plan................................................................................................................11 5.03 Amendments.....................................................................................................................11 5.04 Additions and Withdrawals of Money and Investments...................................................12 Section6 - AGENTS ......................................................................................................................................13 6.01 Authority...........................................................................................................................13 6.02 Administrator . ................................................................................................................... 13 201941 10.3 Page107 Table of Contents (continued) Page 6.03 Custodian..........................................................................................................................14 6.04 External Portfolio Managers.............................................................................................14 6.05 No rights to assets.............................................................................................................14 Section 7 - COMPOSITION AND GOVERNANCE OF ONE JIB........................................................................14 7.01 Appointment and Term of Members................................................................................14 7.02 Prohibition re Membership...............................................................................................14 7.03 Municipal Treasurers.........................................................................................................15 7.04 Procedural and Other Matters Relating to ONE JIB..........................................................15 7.05 Paramountcy.....................................................................................................................15 Section8 - REPORTING ................................................................................................................................15 8.01 Annual Investment Report................................................................................................15 8.02 Compliance Reporting.......................................................................................................16 Section 9 - FEES AND EXPENSES..................................................................................................................16 9.01 Fees and expenses............................................................................................................16 9.02 Fees Payable to Agents.....................................................................................................16 Section 10 - STANDARD OF CARE AND LIMITATION OF LIABILITY...............................................................16 10.01 Standard of Care...............................................................................................................16 10.02 Limitation on liability.........................................................................................................16 10.03 Indemnification.................................................................................................................16 10.04 Performance of Trusts.......................................................................................................17 10.05 Where IPS Imprudent.......................................................................................................17 Section 11 - COMPLAINTS HANDLING.........................................................................................................17 11.01 Initial Complaints..............................................................................................................17 11.02 Escalation..........................................................................................................................18 Section 12 - AMENDMENTS TO THE AGREEMENT......................................................................................18 12.01 Amendments not Requiring Approval of Participating Municipalities .............................18 12.02 Amendments Requiring Approval of Participating Municipalities....................................19 12.03 Restatements....................................................................................................................20 Section 13 - WITHDRAWAL .........................................................................................................................20 13.01 Withdrawal from ONE JIB by Regulation..........................................................................20 13.02 Withdrawal from ONE JIB by a Participating Municipality that is not a Founding Municipality....................................................................................................................... 20 13.03 Withdrawal from ONE JIB by a Founding Municipality.....................................................20 201941 10.3 Page108 Table of Contents (continued) Page 13.04 Procedures re Withdrawal................................................................................................21 Section 14 - DIRECTIONS, INSTRUCTIONS AND NOTICES............................................................................21 14.01 Certificate re Authorized Persons..................................................................................... 21 14.02 Reliance on Authorized Persons.......................................................................................22 14.03 Reliance on Experts and Others........................................................................................22 Section 15 - TERM AND TERMINATION.......................................................................................................23 15.01 Termination of Agreement................................................................................................23 15.02 Participating Municipalities may not Dissolve ONE JIB.....................................................23 Section16 - GENERAL.................................................................................................................................23 16.01 Notice................................................................................................................................23 16.02 Application of the Municipal Affairs Act........................................................................... 24 16.03 Further action...................................................................................................................24 16.04 Benefit...............................................................................................................................24 16.05 Counterparts.....................................................................................................................24 16.06 Electronic Signatures.........................................................................................................24 SCHEDULE A PARTICIPATING MUNICIPALITIES (INCLUDING ADDRESS FOR NOTICES)................................27 SCHEDULE B FORM OF AUTHORIZING AND PRUDENT INVESTOR ENABLING BY-LAW FOR APPLICANT MUNICIPALITIES..........................................................................................................................................28 SCHEDULE C TERMS OF REFERENCE FOR ONE JIB......................................................................................32 1. ESTABLISHMENT & PURPOSE..............................................................................................................32 2. DEFINITIONS AND INTERPRETATION...................................................................................................32 3. DUTIES AND RESPONSIBILITIES...........................................................................................................32 3.1 Compliance with Municipal Legislation............................................................................32 3.2 Member Responsibility to Comply with Act and Regulation............................................33 3.3 Enumerated Duties...........................................................................................................33 3.4 ONE JIB Reports to the Participating Municipalities.........................................................34 3.5 ONE JIB Reports to the Municipal Treasurer.....................................................................34 3.6 ONE JIB Reports to Securities Regulatory Authorities......................................................35 3.7 Secretary to ONE JIB.........................................................................................................35 3.8 Legal and Other Advisors.................................................................................................. 35 4. CONSTITUTION....................................................................................................................................35 4.1 Number and Quorum........................................................................................................35 4.2 Qualification......................................................................................................................35 201941 10.3 Page109 Table of Contents (continued) Page 4.3 Appointment of Members and Nominating Committee...................................................36 4.4 Consent.............................................................................................................................36 4.5 Adherence to Code of Conduct.........................................................................................36 4.6 Vacancies of Office............................................................................................................37 4.7 Resignations......................................................................................................................37 4.8 Removal of Member.........................................................................................................38 4.9 Terms.................................................................................................................................38 4.10 Orientation and Continuing Education.............................................................................38 4.11 Chair and Vice-Chair..........................................................................................................38 4.12 Committees.......................................................................................................................39 4.13 Self Assessments...............................................................................................................39 5. MEETINGS OF ONE JIB.........................................................................................................................40 5.1 Calling and Place of Meetings...........................................................................................40 5.2 Notice of Meeting.............................................................................................................40 5.3 Persons Entitled to Participate..........................................................................................40 5.4 Conduct of Meetings.........................................................................................................40 5.5 Minutes of the Meetings and other Records....................................................................40 6. CONFLICTS OF INTEREST.....................................................................................................................41 6.1 Application of the Municipal Conflict of Interest Act........................................................41 6.2 Duty to Disclose................................................................................................................41 7. STANDARD OF CARE AND INDEMNITY................................................................................................41 7.1 Standard of Care...............................................................................................................41 7.2 Indemnification................................................................................................................. 42 7.3 Liability..............................................................................................................................42 7.4 Insurance........................................................................................................................... 42 8. FEES AND EXPENSES............................................................................................................................43 8.1 Compensation...................................................................................................................43 8.2 Reimbursement of Expenses............................................................................................43 9. CONFIDENTIALITY ................................................................................................................................43 9.1 Maintaining Confidentiality..............................................................................................43 9.2 Public Statements and Dealing with Media......................................................................44 10. AMENDMENTS....................................................................................................................................44 10.1 General..............................................................................................................................44 iv 201941 10.3 Page110 Table of Contents (continued) Page 10.2 Amendments.....................................................................................................................44 10.3 Electronic Delivery............................................................................................................45 10.4 Computation of Time........................................................................................................45 10.5 Omissions and Errors........................................................................................................45 EXHIBIT A ONE JOINT INVESTMENT BOARD CODE OF CONDUCT.......................................................46 APPENDIX A ONE JOINT INVESTMENT BOARD CODE OF CONDUCT COMPLAINT PROTOCOL ............ 58 EXHIBIT B CLOSED MEETINGS PERMITTED OR REQUIRED..................................................................72 EXHIBIT C ONE JIB MAY REFUSE DISCLOSURE OF A RECORD..............................................................74 EXHIBIT D COMPENSATION FOR ONE JIB MEMBERS..........................................................................75 EXHIBIT E PROCESS TO APPOINT INTEGRITY COMMISSIONER AND CLOSED MEETING INVESTIGATOR ............................................................................................................................................................. 76 SCHEDULED FEES AND EXPENSES..............................................................................................................77 v 201941 10.3 Page111 ONE JOINT INVESTMENT BOARD AGREEMENT This Agreement Amended and Restated as of December 15, 2023 made between ONE JOINT INVESTMENT BOARD and ONE INVESTMENT and Each of the Municipalities Listed in Schedule A hereto and [NAME OF MUNICIPALITY] THE APPLICANT MUNICIPALITY RECITALS: A. ONE Joint Investment Board was established by the Founding Municipalities as a Joint Investment Board under section 202 of the Municipal Act, 2001 (the Act) and in accordance with Part II of Ontario Regulation 438/97 (the Regulation); B. The Regulation provides that ONE Joint Investment Board (ONE JIB) is a joint municipal service board established under section 202 of the Act for the purposes of Part II of the Regulation; C. The Founding Municipalities have entered into the Initial Formation Agreement pursuant to which they agreed to establish and invest through ONE JIB and they have agreed to invest through ONE JIB in accordance with this Agreement; D. The Applicant Municipality wishes to make investments pursuant to the provisions of section 418.1 of the Act, and in connection therewith, the Applicant Municipality proposes to pass a by- law (the Prudent Investor Enabling By-law) to have section 418.1 of the Act apply to it; E. Under the Regulation, the Applicant Municipality, provided that it is not a Founding Municipality, must have entered into an agreement with the parties hereto before the day that the Applicant Municipality passes its Prudent Investor Enabling By-law; F. ONE JIB is committed to performing its duties and responsibilities in a manner that is consistent with the Municipal Legislation, as defined below; 20194110.3 Page112 NOW THEREFORE, in consideration of the mutual covenants of the parties hereto, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by each of the parties, the parties hereto agree as follows: SECTION 1 - INTERPRETATION 1.01 Definitions. In this Agreement Act means the Municipal Act, 2001, S.O. 2001, c. 25, as amended from time to time; Administrator means at any time an entity approved by ONE JIB from time to time to provide administrative and recordkeeping services including receiving and implementing investment instructions, keeping records of holdings and providing reports of such holdings; Agent means any Administrator, Custodian, Payment Servicer, External Portfolio Manager, consultant, banker, broker, dealer, or other service provider engaged or appointed by ONE JIB and authorized by ONE JIB to exercise any of the functions of ONE JIB pursuant to a written agreement, in the manner and to the extent provided in the Regulation and without limiting the generality of the foregoing, Agent includes ONE Investment; Agreement means this agreement, any schedules attached to this agreement from time to time as the agreement and the schedules may be added, amended, deleted, supplemented, restated, renewed or replaced from time to time; Authorized Person has the meaning set out in Section 14.01; Authorizing By-law means any by-law or other action of the Applicant Municipality (whether or not it is also a Founding Municipality) or a Participating Municipality to authorize such Municipality to enter into and be bound by this Agreement and to do all things in furtherance of this Agreement, including the approval and adoption of such Municipality's IPS, but in the case of a Founding Municipality, an Authorizing By-law does not include the Municipality's Prudent Investor Enabling By-law and in the case of a Participating Municipality that is not a Founding Municipality, an Authorizing By-law can also include such Municipality's Prudent Investor Enabling By-law; Banking Day means a day on which the Payment Servicer and the Custodian are open for business in Toronto, Ontario, other than a Saturday or a Sunday or a statutory holiday in Toronto, Ontario; CHUMS means CHUMS Financing Corporation and its successors; Custodian at any time means a financial institution which at such time has been approved by ONE JIB to provide custodial and other custody related services in connection with the Participating Municipality's investments; External Portfolio Managers means external third -party investment management firms whose investment and advisory services and product offerings are accessed by ONE JIB directly (including in connection with the OCIO Offering) or through services provided to a ONE Investment Pool. 2 20194110.3 Page113 External Portfolio Managers are agents authorized by ONE JIB in accordance with Part II of the Regulation; Founding Municipalities means the municipalities of The Corporation of the Town of Bracebridge, The Corporation of the Town of Huntsville, The Corporation of the Town of Innisfil, The Corporation of the City of Kenora, The District Municipality of Muskoka, and The Corporation of the Town of Whitby, who established ONE JIB pursuant to the Regulation and pursuant to the Initial Formation Agreement; Initial Formation Agreement means the agreement between the Founding Municipalities dated as of May 19, 2020 under which ONE JIB was formed; Investment Account means an account or accounts maintained by an Agent in which the Managed Assets of the Participating Municipality are managed or held; Investment Board means a municipal service board that is established under section 196 of the Act by a municipality for the purposes of Part II of the Regulation and includes for the purposes of Section 13 of this Agreement, the Toronto Investment Board; IPS, with respect to a Participating Municipality, means the investment policy as adopted and maintained by the council of the Participating Municipality under the Regulation; Investment Plan, with respect to a Participating Municipality, means the investment plan as adopted and maintained by ONE JIB for the Participating Municipality under the Regulation; Investment Program Agreements means the agreements entered into, from time to time, by or under the authority of ONE JIB, for and on behalf of the Participating Municipality, with ONE Investment, an Administrator, a Custodian, an External Portfolio Manager and such other persons as ONE JIB considers appropriate for the purpose of carrying out the objectives of the Investment Plan and the IPS; Joint Investment Board means a municipal service board that is established under section 202 of the Act by two or more municipalities for the purposes of Part II of the Regulation; LAS means Local Authority Services and its successors; Managed Assets means, with respect to a Participating Municipality, the assets of the Participating Municipality managed and controlled by ONE JIB pursuant to, and subject to, the terms and conditions set out in this Agreement; Municipal Legislation means all applicable legislation that applies to ONE JIB including, without limitation, the Act, the Municipal Conflict of Interest Act, R.S.O. 1990, c. M.50, as amended from time to time, the Municipal Freedom of Information and Protection of Privacy Act, R.S.O. 1990, c. M.56, as amended from time to time, the Regulation and any other applicable regulations made under such Acts, as they may be amended from time to time; Municipal Treasurer Representative means a member of ONE JIB who has been nominated by ONE JIB and ONE Investment, in consultation with the Participating Municipalities, to represent 3 20194110.3 Page114 the views and interests of the municipal treasurers of the Participating Municipalities, and who holds the office of treasurer or duly appointed deputy treasurer of a Participating Municipality; NI 31-103 means National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, of the Canadian Securities Administrators; OCIO Offering means the comprehensive investment program made available through ONE JIB pursuant to which a duly qualified investment manager who is an External Portfolio Manager is engaged by ONE Investment to advise a Participating Municipality with regard to the investment of the Participating Municipality's Managed Assets and to invest and manage such Managed Assets in accordance with the terms and conditions set out in this Agreement; ONE Investment means the not -for -profit corporation founded by CHUMS and LAS which provides certain management, administrative and other services to ONE JIB in connection with the ONE Investment Offering; ONE Investment Offering means the comprehensive suite of products and services relating to investment by municipalities in Ontario made available through ONE Investment and includes the ONE Pools Offering and the OCIO Offering; ONE Investment Pool means a pooled investment vehicle managed by ONE Investment whose securities are available to Participating Municipalities through ONE Investment as part of the One Pools Offering; ONEJIB means the ONE Joint Investment Board, established by the Founding Municipalities as a Joint Investment Board under Part 11 of the Regulation, as constituted from time to time and acting pursuant to its Terms of Reference as set out in Schedule C; ONE JIB Services Agreement means the service agreement effective as at May 19, 2020 between ONE JIB and ONE Investment pursuant to which ONE Investment has been appointed an Agent of ONE JIB to, among other things, provide certain management, administrative and other services to ONE JIB; ONE Pools Offering means the comprehensive investment program made available through ONE JIB pursuant to which ONE Investment advises the Participating Municipality with regard to the investment of the Participating Municipality's Managed Assets and the underlying investment products consist of ONE Investment Pools and other investment products offered by ONE Investment from time to time; Participating Municipalities means from time to time each of the municipalities for whom ONE JIB acts as the Joint Investment Board under the terms of this Agreement and includes the Founding Municipalities, any other Participating Municipalities from time to time and also, upon execution by the Applicant Municipality of this Agreement, the Applicant Municipality; PaymentServicer means at any time a Canadian financial institution which at such time has been approved by ONE JIB to facilitate the transfer of assets of a Participating Municipality between the Participating Municipality's financial institution and an Investment Account; 4 20194110.3 Page115 Prudent Effective Date means the effective date set out in the Prudent Investor Enabling By-law as the date on which section 418.1 applies to the Applicant Municipality; Prudent Investor Enabling By-law means, with respect to a Municipality, the by-law under which the Municipality makes section 418.1 of the Act apply to it as of the effective date set out in such by-law; and Regulation means Ontario Regulation 438/97 made under the Act, as it may be amended from time to time; 1.02 Governing Law. This Agreement is governed by, and is to be construed and interpreted in accordance with, the laws of the Province of Ontario and the laws of Canada applicable in the Province of Ontario. 1.03 Headings and Table of Contents. The division of this Agreement into sections, subsections, paragraphs, subparagraphs, clauses and schedules, the insertion of headings and the provision of a table of contents are for convenience of reference only and are not to affect the construction or interpretation of this Agreement. 1.04 Number and Gender. Unless otherwise specified, words importing the singular include the plural and vice versa and words importing gender include all genders. 1.05 Severability. If any provision of this Agreement is or becomes illegal, invalid or unenforceable in any jurisdiction, the illegality, invalidity or unenforceability of that provision will not affect the legality, validity or enforceability of any of the remaining provisions of this Agreement. SECTION 2 - ONE JOINT INVESTMENT BOARD 2.01 Appointment. The Applicant Municipality hereby appoints ONE JIB to be its Joint Investment Board, to invest money and investments that the Applicant Municipality, as a Participating Municipality, does not require immediately on behalf of such municipality and to exercise control and management of such money and investments, in accordance with the Act and the Regulation and subject to the terms and conditions of this Agreement. 2.02 Exclusive Appointment. The appointment of ONE JIB as the Applicant Municipality's Joint Investment Board is exclusive and during the term of this Agreement, the Applicant Municipality, as a Participating Municipality, shall not appoint any other Investment Board or Joint Investment Board to have management or control of any of its money that it does not require immediately under section 418.1 of the Act unless it withdraws from ONE JIB in accordance with Section 13. 5 20194110.3 Page116 2.03 Delegation. To the fullest extent required by the Act and the Regulation, the Applicant Municipality hereby gives control and management of its money and investments that it does not require immediately to ONE JIB, and hereby delegates to ONE JIB (i) the Applicant Municipality's powers to make the investments and (ii) the Applicant Municipality's duties under section 418.1 of the Act. 2.04 Acceptance. ONE JIB hereby accepts the foregoing appointment and delegation and hereby agrees to invest money and investments that the Applicant Municipality, as a Participating Municipality, does not require immediately on behalf of such municipality in accordance with the Act, the Regulation and such municipality's IPS and subject to the terms and conditions of this Agreement. 2.05 Acceptance by Participating Municipalities. On execution and delivery of this Agreement and on and after the subsequent Prudent Effective Date, each of the Participating Municipalities shall be deemed to acknowledge and agree that the Applicant Municipality has made the foregoing appointment for ONE JIB to invest money and investments that the Applicant Municipality, as a Participating Municipality, does not require immediately and that the Applicant Municipality is added as a party to this Agreement such that ONE JIB shall act as the Joint Investment Board of such Applicant Municipality, as a Participating Municipality, on and after the Prudent Effective Date. SECTION 3 - DUTIES OF ONE JIB 3.01 Duties. ONE JIB shall have the following duties and responsibilities in connection with investing for and on behalf of the Participating Municipalities: (a) review the Participating Municipality's IPS, and at the request of the Participating Municipality, provide advice and recommendations with respect thereto; (b) adopt and maintain an Investment Plan for the Participating Municipality in accordance with the terms hereof; (c) engage one or more Administrators, Custodians, Payment Servicers, External Portfolio Managers, bankers, brokers, dealers, and other Agents as may be required to implement the Investment Plan in accordance with the IPS; (d) monitor the performance of the Agents; and (e) report to the Participating Municipality as required by the Act and the Regulation. 3.02 Engagement of Agents. ONE JIB may authorize an Agent to exercise any of its functions to the same extent that a prudent investor, acting in accordance with ordinary investment practice, would authorize an agent to 6 20194110.3 Page117 exercise any investment function. Any such engagement and authorization may be made only pursuant to an Investment Program Agreement with the Agent which includes the following provisions: (a) a requirement that the Agent comply with the requirements contained in each applicable IPS and each applicable Investment Plan; (b) a requirement that the Agent report to ONE JIB at regular intervals as specified in the written agreement with the Agent; and (c) a requirement that the Agent comply with any reasonable directions to the Agent given by ONE JIB. 3.03 Role of ONE Investment. The Applicant Municipality hereby acknowledges and agrees that in the discharge of its duties and obligations hereunder, ONE JIB requires certain support and administrative services. To obtain such services, ONE JIB hereby engages ONE Investment as its Agent hereunder and under the ONE JIB Services Agreement. Notwithstanding such engagement, ONE JIB confirms that it will at all times be responsible to the Applicant Municipality in the manner contemplated in the Act and the Regulation and as set out herein. The Applicant Municipality further acknowledges and agrees that any fees and expenses payable by it hereunder, directly or indirectly, shall be paid to ONE Investment, who has been duly authorized on behalf of ONE JIB, LAS and CHUMS to collect all such fees and expenses. 3.04 Monitoring Performance. ONE JIB shall exercise prudence in selecting an Agent, in establishing the terms of the Agent's authority and in monitoring the Agent's performance to ensure compliance with those terms. Prudence in monitoring an Agent's performance includes: (a) reviewing the Agent's reports; (b) regularly reviewing the agreement between ONE JIB and the Agent and how it is being put into effect, including assessing whether the requirements included in each applicable IPS and each applicable Investment Plan are being complied with; (c) considering whether directions should be provided to the Agent or whether the Agent's appointment should be revoked; and (d) providing directions to the Agent or revoking the appointment if ONE JIB considers it appropriate to do so. 3.05 Further Authorizations. Except as may be consented to by the Participating Municipalities in accordance with Section 12.02, ONE JIB shall not permit any further authorization (or sub -delegation) of investment functions by any Agent (other than ONE Investment) to third parties unaffiliated with the Agent. The ONE JIB Services Agreement provides that ONE Investment similarly will not permit further 7 20194110.3 Page118 authorization (or sub -delegation) of investment functions by any Agent to third parties unaffiliated with the Agent, and ONE JIB shall require ONE Investment to include provisions with substantially similar effect in all agreements with Agents. 3.06 OCIO Offering. Any Participating Municipality may agree with ONE JIB and ONE Investment to have the Participating Municipality's Managed Assets invested pursuant to the OCIO Offering. The provisions of this Agreement, including Section 3.05, shall not be read so as to prevent ONE JIB or ONE Investment from properly delegating by written agreement to any External Portfolio Manager the powers and authorities necessary or desirable to give effect to the OCIO Offering. For the avoidance of doubt, nothing herein derogates from the duties and responsibilities of ONE JIB set out in Section 3.01 hereof. SECTION 4 - REPRESENTATIONS AND WARRANTIES 4.01 Representations and Warranties of Applicant Municipality. The Applicant Municipality represents and warrants to ONE JIB, ONE Investment and each of the Participating Municipalities that: (a) it has prepared a written IPS which complies with the Act and has been approved by council and such IPS has been delivered to ONE JIB and ONE Investment in the manner set out in Section 16.01. (b) it has taken all actions necessary to authorize it to enter into this Agreement, including passing an Authorizing By-law substantially in the form attached hereto as Schedule B (which Authorizing By-law also constitutes the Applicant Municipality's Prudent Investor Enabling By-law); and (c) under Section 8 of the Applicant Municipality's Authorizing By-law its treasurer has been authorized to determine the Applicant Municipality's Prudent Effective Date in consultation with ONE Investment and to enter into an agreement with ONE Investment confirming its Prudent Effective Date (after the Applicant Municipality has entered into this Agreement and after it has been signed by ONE JIB and by ONE Investment) at which time the Applicant Municipality shall be deemed to be a Participating Municipality under this Agreement. 4.02 Representations and Warranties of Participating Municipalities. Each of the Participating Municipalities, provided that it is not a Founding Municipality, represents and warrants to the Applicant Municipality, ONE JIB and ONE Investment that: (a) it has taken all actions necessary to authorize it to enter into this Agreement, including passing such Authorizing By-law as the Participating Municipality has deemed necessary (which Authorizing By-law can also constitute the Participating Municipality's Prudent Investor Enabling By-law); 8 20194110.3 Page119 (b) it has duly passed a Prudent Investor Enabling By-law (which can be included in the Participating Municipality's Authorizing By-law) under which section 418.1 of the Act applies to it as of the specified Prudent Effective Date, and such Prudent Investor Enabling By-law is in full force and effect; and (c) this Agreement constitutes a valid and binding obligation of such Participating Municipality. 4.03 Representations and Warranties of Founding Municipalities. Each of the Participating Municipalities, which is also a Founding Municipality, represents and warrants to the Applicant Municipality, ONE JIB and ONE Investment that: (a) it has taken all actions necessary to authorize it to enter into this Agreement, including passing an Authorizing By-law; (b) it has passed a Prudent Investor Enabling By-law under which section 418.1 of the Act applied to it as of the Prudent Effective Date set out therein; and (c) this Agreement constitutes a valid and binding obligation of such Municipality. 4.04 Representations and Warranties of ONE JIB. ONE JIB represents and warrants to the Applicant Municipality and each of the Participating Municipalities that: (a) it was duly established by the Founding Municipalities as a Joint Investment Board which meets the requirements of the Act and the Regulation; (b) it has taken all actions necessary to authorize it to enter into this Agreement; (c) this Agreement constitutes a valid and binding obligation of ONE JIB; and (d) on the date of the Applicant Municipality's Authorizing By-law, all other Participating Municipalities are parties to this Agreement. 4.05 Representations and Warranties of ONE Investment. ONE Investment represents and warrants to the Applicant Municipality and each of the Participating Municipalities that: (a) it is a duly incorporated not -for -profit corporation formed by LAS and CHUMS for the purpose of facilitating the ONE Investment Offering; (b) it has taken all actions necessary to authorize it to enter into this Agreement; and (c) this Agreement constitutes a valid and binding obligation of ONE Investment. 9 20194110.3 Page120 SECTION 5 - INVESTMENT POLICY AND INVESTMENT PLAN 5.01 Investment Policy. (a) Without limiting the provisions of Section 4.01, the Applicant Municipality acknowledges that in the formulation of its IPS, the Applicant Municipality is required to obtain the advice that a prudent investor would obtain under comparable circumstances. The Applicant Municipality further acknowledges that in planning its investments, it is required to consider, in addition to any other criteria that are relevant in the circumstances, the following: (1) general economic conditions; (2) the possible effect of inflation or deflation; (3) the role that each investment or course of action plays within the Applicant Municipality's portfolio of investments; (4) the expected total return from income and the appreciation of capital; and (5) needs for liquidity, regularity of income and preservation or appreciation of capital. (b) The Applicant Municipality confirms that its IPS has been arrived at after careful consideration of the foregoing and that it has been adopted by an Authorizing By-law of the council of the Applicant Municipality in compliance with the Act. The IPS includes the Applicant Municipality's (i) objectives for return on investment and risk tolerance; (ii) need for liquidity including, for greater certainty, anticipated needs for funds for planned projects and needs to have funds available for unanticipated contingencies; and (iii) other requirements with respect to investment matters that the council of the Applicant Municipality considers to be in the interests of the Applicant Municipality. For certainty, notwithstanding any assistance that the Applicant Municipality may have sought and obtained in the preparation of its IPS, including through consultations with ONE JIB or ONE Investment, the Applicant Municipality acknowledges and agrees that its IPS, and the entire contents thereof, is solely the responsibility of the Applicant Municipality and can only be amended or modified by the Applicant Municipality. (c) The Applicant Municipality, as a Participating Municipality, shall provide written notice to the board secretary of ONE JIB (the Secretary of ONE JIB) of any amendment or modification to its IPS. ONE JIB shall be under no obligation to make investments for an Applicant Municipality, as a Participating Municipality, other than in accordance with its written IPS and any amendments thereto made in writing and notified to ONE JIB as provided herein. (d) Where ONE JIB in its sole discretion determines that the IPS of a Participating Municipality is inconsistent with the obligations of the Participating Municipality under the Act to exercise the care, skill, diligence and judgment that a prudent investor would exercise in making investments, ONE JIB may decline to apply the IPS in whole or in part. If ONE JIB determines to rely on this Section 5.01 (d), ONE Investment shall promptly notify the 10 20194110.3 Page 121 Participating Municipality. In these circumstances, upon sending such notice, ONE JIB shall thereupon be relieved of its duties and obligations as set out in Section 10.05. 5.02 Investment Plan. (a) Without limiting the provisions of Section 3.01, ONE JIB acknowledges that the applicable Investment Plan, adopted and maintained by ONE JIB in respect of the Applicant Municipality, as a Participating Municipality, is required to deal with how ONE JIB will invest such municipality's money consistent with such municipality's IPS and is required to set out ONE JIB's projections of the proportions of such municipality's portfolio of investments to be invested at the end of the year in each type of security selected by ONE JIB and may include other requirements. The Investment Plan for the Applicant Municipality shall be delivered to the Applicant Municipality in the manner set out in Section 16.01. (b) Amendments to the Applicant Municipality's Investment Plan shall only be made as set out in Sections 5.03 and 5.04. 5.03 Amendments. (a) ONE JIB and the Applicant Municipality acknowledge that under subsection 18(4) of the Regulation, the council of the Applicant Municipality is required to review, and if necessary, update the IPS of the Applicant Municipality, as a Participating Municipality, at least annually (the Annual Policy Review). In connection with such Annual Policy Review, ONE JIB may make recommendations to such municipality to amend, modify, supplement, restate or replace its IPS. The treasurer of the Applicant Municipality, as a Participating Municipality, is responsible for arranging the Annual Policy Review by its council. Such municipality shall advise ONE JIB, on an annual basis, (i) of the date as of which the Annual Policy Review was made; (ii) whether any updates or amendments were made to the IPS, and where applicable, the text of any such update or amendment; and (iii) of other comments or observations regarding the municipality's IPS as the municipality considers to be necessary or desirable. Any amendment to the IPS must be provided to the Secretary of ONE JIB as soon as practicable and in any event within 15 days of approval by the municipality's council. (b) ONE JIB and the Applicant Municipality acknowledge that under subsection 19(3) of the Regulation, ONE JIB is required, following the Annual Policy Review, to review, and if necessary, update the Investment Plan of the Applicant Municipality, as a Participating Municipality (the Annual Plan Review). ONE JIB shall, within a reasonable period of time, not to exceed 90 days from the date that ONE JIB receives the results of the Annual Policy Review, conduct the Annual Plan Review for the municipality. If, following the completion of the Annual Plan Review, ONE JIB considers that an update or amendment of the Investment Plan is required (whether following from the results of the municipality's Annual Policy Review or otherwise), ONE JIB shall make the appropriate updates or amendments to the municipality's Investment Plan and shall provide a copy of the updated and amended Investment Plan to the municipality. (c) In addition to amendments made as a result of the Annual Policy Review, the parties acknowledge that the Applicant Municipality, as a Participating Municipality, may make 11 20194110.3 Page122 amendments to its IPS, including for the purposes of adding or withdrawing amounts to be invested as contemplated in Section 5.04, at any time and from time to time by action of the council of the municipality. Amendments to an IPS for adding and withdrawing money and investments to be managed by ONE JIB shall be made in accordance with Section 5.04. (d) Notice of any amendment to the IPS of an Applicant Municipality, as a Participating Municipality (other than amendments made as a result of the Annual Policy Review), shall be given in writing to the Secretary of ONE JIB or to such other person as ONE JIB may direct as soon as practicable following authorization or adoption. For purposes hereof, the Applicant Municipality and ONE JIB recognize that an amendment to an IPS may be made by by-law or other decision of council (Council Action) that affects or purports to affect the IPS. ONE JIB has no obligation to take notice of any such Council Action, whether or not it was widely publicized, and no obligation to assess the validity of any Council Action. ONE JIB shall under no circumstances be deemed to have knowledge of any amendment to the IPS of a municipality or of any Council Action unless and until written notice thereof has been provided to ONE JIB by the treasurer of the Participating Municipality in accordance with Section 5.03(a), Section 5.03(c), or Section 5.03(d) and the notice provisions set out in Section 16.01. (e) On receipt of a notice of amendment to the IPS, where ONE JIB considers in its discretion that an update or modification to the corresponding Investment Plan is necessary or desirable, ONE JIB will update or modify such municipality's Investment Plan so as to provide for consistency between the Investment Plan and the IPS. Such update or modification shall be made and implemented as soon as reasonably practicable, having regard to prevailing economic and market conditions. A copy of any such updated or modified Investment Plan shall be provided to the treasurer of the Participating Municipality. (f) Despite any other provision hereof, ONE JIB may make such minor amendments to the Investment Plan of an Applicant Municipality, as a Participating Municipality, as it may consider to be necessary or desirable for the more efficient or effective administration of the assets held in such municipality's Investment Accounts, provided that following such minor amendment, the Investment Plan continues to be consistent with such municipality's IPS. 5.04 Additions and Withdrawals of Money and Investments. (a) The Applicant Municipality's IPS referenced in Section 5.01 shall include the Applicant Municipality's criteria for identifying the Managed Assets over which ONE JIB is to have management and control hereunder. Such Managed Assets shall be held in one or more Investment Accounts. It is the responsibility of the Applicant Municipality, as a Participating Municipality, to make contributions to the Investment Accounts in accordance with its IPS. The treasurer of the Applicant Municipality, as a Participating Municipality, shall provide ONE JIB with notice of such contributions, and follow such procedures and protocols in connection therewith, as ONE JIB may prescribe from time to time. 12 20194110.3 Page123 (b) The Applicant Municipality, as a Participating Municipality, may from time to time amend its IPS so as to add to or withdraw amounts from the Managed Assets. No such amendment shall be binding on ONE JIB unless reasonable written notice has been provided to the Secretary of ONE JIB or other authorized person, in form satisfactory to ONE JIB. Without limiting the foregoing, ONE JIB shall have no obligation to return Managed Assets or part thereof to the Applicant Municipality unless a minimum of 30 days' prior written notice of any request for withdrawal, in form and substance satisfactory to ONE JIB, has been provided to ONE JIB, which notice period may be waived by ONE JIB in its discretion. (c) Notwithstanding Section 14.01, ONE JIB shall not be obliged to comply with any notice referred to in paragraphs (a) and (b) of Section 5.04 unless received in writing and signed by the treasurer of the Participating Municipality. (d) In all circumstances in which the Applicant Municipality, as a Participating Municipality, anticipates a withdrawal of Managed Assets, whether as a result of the planned maturity of any reserve or otherwise, such Municipality and ONE JIB shall co-operate and work together so as to ensure an orderly liquidation where necessary and timely transfer of Managed Assets or proceeds thereof. (e) Notwithstanding Section 5.04(b), if the aggregate dollar amount of the Managed Assets requested to be returned by a Participating Municipality is so large as to risk causing prejudice to other Participating Municipalities or requires additional time to effect an orderly liquidation, ONE JIB, ONE Investment and the Participating Municipality shall work together to extend the period for the return so that any negative effects of sudden or untimely liquidation are adequately ameliorated. (f) In extraordinary circumstances, including dislocated capital markets, acts of God, war, terrorism and the like which prevent normal trading operations in securities markets, or result in the suspension of trading in securities markets, ONE JIB may, in the exercise of its fiduciary obligations, decline to or delay the return of all or a portion of a Participating Municipality's requested Managed Assets. Any Managed Assets not so returned shall be returned as soon as practicable on the cessation of the events which gave rise to the refusal or delay. SECTION 6 - AGENTS 6.01 Authority. The Applicant Municipality, as a Participating Municipality, authorizes ONE JIB and ONE Investment to engage Agents on its behalf and to enter into Investment Program Agreements, from time to time, as provided in Section 3.02. 6.02 Administrator. ONE JIB and ONE Investment will enter into an Investment Program Agreement with an Administrator who is a Canadian chartered Schedule I bank or other regulated Canadian financial institution or who has otherwise satisfied ONE JIB that it has the demonstrated ability to provide 13 20194110.3 Page 124 and maintain accurate recordkeeping and where required, valuation services for the Investment Accounts. 6.03 Custodian. ONE JIB and ONE Investment will only enter into an Investment Program Agreement for custody and safekeeping of Managed Assets with a Custodian who, at the time of entering into the Investment Program Agreement, is a Canadian custodian for purposes of NI 31-103. 6.04 External Portfolio Managers. With respect to (a) Registration - ONE JIB will not enter into an Investment Program Agreement with an External Portfolio Manager unless the Investment Program Agreement requires the External Portfolio Manager to maintain at all times its status in Ontario as a registered portfolio manager, unless the External Portfolio Manager is exempt from the requirement to be registered under applicable Ontario law. (b) Insurance - ONE JIB will not enter into an Investment Program Agreement with an External Portfolio Manager unless the Investment Program Agreement requires the External Portfolio Manager to maintain, in full force and effect, bonding or insurance in such amounts and of such types as are required from time to time by regulatory authorities and consistent with industry best practice. 6.05 No rights to assets. None of ONE JIB, ONE Investment, an Administrator, a Custodian, an External Portfolio Manager or any other service provider or Agent shall have any beneficial or personal right, title or interest in or to the Managed Assets in any Investment Account, other than as specifically set out in any Investment Program Agreement. SECTION 7 - COMPOSITION AND GOVERNANCE OF ONE JIB 7.01 Appointment and Term of Members. The initial individual members (Members) of ONE JIB were appointed by the Founding Municipalities under the Initial Formation Agreement on the establishment of ONE JIB under the Regulation. 7.02 Prohibition re Membership. Notwithstanding anything to the contrary contained herein or in any schedule hereto, the following persons may not be appointed to or serve on ONE JIB: (a) subject to Section 7.03, an officer or employee of a Participating Municipality; (b) a member of council of a Participating Municipality. 14 20194110.3 Page 125 7.03 Municipal Treasurers. (a) Municipal treasurers are to be represented on ONE JIB as permitted by the Regulation. To give effect to such representation, up to 25% of the membership of ONE JIB shall be reserved for Municipal Treasurer Representatives. ONE JIB and ONE Investment, in consultation with Participating Municipalities, shall nominate individuals to serve as Municipal Treasurer Representatives. Such individuals must hold the office of treasurer or duly appointed deputy treasurer of a Participating Municipality. ONE JIB and ONE Investment shall work in good faith with the Participating Municipalities to give voice to the concerns of municipal treasurers through appropriate Municipal Treasurer Representatives. (b) In the event that an individual serving as a Municipal Treasurer Representative is a treasurer or duly appointed deputy treasurer of a Participating Municipality, and such Participating Municipality withdraws from ONE JIB pursuant to Section 13, such individual shall be deemed to have resigned as a Member of ONE JIB effective the date of the Participating Municipality's withdrawal. Provided however, that if such individual has been appointed as the treasurer or duly appointed deputy treasurer of another Participating Municipality prior to or at the time of the effective date of withdrawal, and such Participating Municipality agrees, the individual may continue to serve as a Municipal Treasurer Representative. 7.04 Procedural and Other Matters Relating to ONE JIB. Rules, policies and procedures relating to the appointment, qualifications, conduct, removal, term of office, compensation of the Members, calling and holding of meetings and all ancillary matters are set out in Schedule C - Terms of Reference for ONE JIB appended hereto and such Terms of Reference form part of this Agreement. ONE JIB is intended to self-governing, subject to the applicable provisions of Municipal Legislation. The parties acknowledge and agree that following the formation of ONE JIB, the Members have authority to amend the Terms of Reference including the exhibits and schedules thereto in accordance with the amendment provisions contained in the Terms of Reference. 7.05 Paramountcy. In the event of any conflict or inconsistency between a Participating Municipality's policies, by- laws, rules and procedures that otherwise apply to such Participating Municipality's local boards and the policies, by-laws, rules and procedures that apply to ONE JIB as provided under this Agreement, the latter shall prevail. SECTION 8 - REPORTING 8.01 Annual Investment Report. ONE JIB shall prepare and provide to the council of each of the Participating Municipalities, no less frequently than once annually, an investment report that includes a statement about the performance of the Participating Municipality's Managed Assets during the period covered by the report and such other information that the council of the Participating Municipality may require or that, in the opinion of its treasurer, should be included as required by the Regulation. 15 20194110.3 Page126 8.02 Compliance Reporting. ONE JIB shall prepare or arrange for the preparation and delivery of such compliance reports as may be reasonably requested by a Participating Municipality. Such compliance report shall provide information so as to enable the treasurer of the Participating Municipality to state whether or not the Managed Assets have been invested and are held in a manner consistent with the Participating Municipality's IPS and Investment Plan. SECTION 9 - FEES AND EXPENSES 9.01 Fees and expenses. Participating Municipalities shall pay the fees and expenses as set out in Schedule D appended hereto, and such fees and expenses may be changed from time to time in accordance with Section 12.01(c). 9.02 Fees Payable to Agents. I To the extent fees and expenses are directly recoverable from a Participating Municipality, ONE JIB shall establish and disclose to the Participating Municipality, the maximum aggregate fees and expenses payable to the Administrator, the Custodian, the External Portfolio Managers and any other Agents and service providers. SECTION 10 - STANDARD OF CARE AND LIMITATION OF LIABILITY 10.01 Standard of Care. In the discharge of its duties hereunder, and in investing money of the Participating Municipality, ONE JIB shall exercise the care, skill, diligence and judgment that a prudent investor would exercise in comparable circumstances and in making such investment. 10.02 Limitation on liability. Provided that the standard of care set out in Section 10.01 has been met, neither ONE JIB nor any Members shall incur any liability to a Participating Municipality by reason of acting or not acting or as a result of any error in instructions. Each Participating Municipality acknowledges and agrees that ONE JIB makes no representation or warranty as to performance or attaining any yield or appreciation of the Managed Assets in the Investment Accounts. Neither ONE JIB nor any Member shall be liable to a Participating Municipality for any loss or damage relating to any matter arising out of this Agreement, including any loss or diminution in the value of the Managed Assets so long as they acted in a manner consistent with the standard of care set out in Section 10.01. 10.03 Indemnification. ONE JIB, ONE Investment, and any of their respective members, directors, officers and employees (in each case, an Indemnified Party) shall be indemnified by the Participating Municipalities for all liabilities, claims, damages, losses, costs and expenses incurred by them in connection with any action, suit or proceeding that is proposed or commenced or any other claim to which such 16 20194110.3 Page127 Indemnified Party may be subject by reason of the management and control of the Managed Assets or otherwise arising out of or in connection with acting on behalf of the Participating Municipalities or in furtherance of the interests of the Participating Municipalities, except that this indemnity shall not apply to (a) losses arising from such Indemnified Party's own wilful misconduct or fraud, or (b) expenses of the Participating Municipalities that the Indemnified Party has agreed to bear. To the fullest extent permitted by law, expenses (including, without limitation, legal fees and expenses) incurred by an Indemnified Party in defending any claim, demand, action, suit or proceeding shall, from time to time, be advanced by the Participating Municipalities prior to the final disposition of such claim, demand, action, suit or proceeding upon receipt by the Participating Municipalities of an undertaking by or on behalf of the Indemnified Party to repay such amount if it shall be determined that the Indemnified Party is not entitled to be indemnified as authorized in this Section 10.03. Amounts required to be paid or advanced to an Indemnified Party under this Section 10.03 shall be paid by Participating Municipalities in such proportion as ONE JIB considers to be fair and equitable in the circumstances. 10.04 Performance of Trusts. ONE JIB shall not be bound to recognize or see to the performance of any trust, express, implied or constructive, or of any charge, pledge or equity to which any of the Managed Assets or any interests therein are or may be subject, or to ascertain or inquire whether a contribution or withdrawal of any such Managed Assets or interests therein by any Participating Municipality or by its treasurer has been duly and properly authorized, or to recognize any person as having any interest in the Managed Assets, but shall be entitled to treat all monies and investments provided to ONE JIB hereunder solely as Managed Assets of the Participating Municipality. 10.05 Where IPS Imprudent. Neither ONE JIB nor any Members shall incur any liability whatsoever to a Participating Municipality where ONE JIB has determined in its sole discretion, acting reasonably, that the IPS of the Participating Municipality is inconsistent with the duty of the Participating Municipality under the Act to exercise prudence. So long as ONE JIB has provided notice to the Participating Municipality and acts in good faith, ONE JIB may elect to (a) apply the IPS to the best of its ability; or (b) decline to apply the IPS in whole or in part and hold the Managed Assets in cash or cash equivalent instruments pending receipt of an IPS which complies with the Act; or (c) seek direction from legal counsel and act in accordance with such direction. Until such time as ONE JIB has been provided with an IPS which complies with the Act, all of ONE JIB's duties and responsibilities to the Participating Municipality hereunder shall be suspended, and the Participating Municipality shall have no entitlement to have its Managed Assets managed by ONE JIB or to receive any prescribed reports from ONE JIB except to the extent required for ONE JIB to comply with the Act and the Regulation. SECTION 11 - COMPLAINTS HANDLING 11.01 Initial Complaints. If a Participating Municipality has a concern or complaint with respect to any aspect of the management of its money and investments by ONE JIB hereunder, including the operation of one or more Investment Accounts, such concern or complaint shall in the first instance be brought to the attention of ONE Investment. Within 30 days of receipt, ONE Investment shall provide the 17 20194110.3 Page128 Participating Municipality with written acknowledgement of the complaint and proposed resolution or explanation, if any. If the concern or complaint is one that involves the acts or omissions of an Agent, ONE Investment, on behalf of ONE JIB, shall make the appropriate inquiries of the Agent and otherwise pursue the matter with the Agent. 11.02 Escalation. In the event that the matter is not resolved to the satisfaction of the Participating Municipality through the procedure set out in Section 11.01, the Participating Municipality may provide written notice to the Chair of ONE JIB, with a copy to the Secretary of ONE JIB and to the Chair of ONE Investment, specifying the nature of the concern or complaint. Upon receipt of such written notice, ONE JIB, under the authority of its Chair, shall arrange for an independent investigation of the matter to be conducted by duly qualified persons who are not employees of ONE JIB or ONE Investment. A written report of the results of such investigation containing an explanation and, where appropriate, an outline of steps to redress the matter, shall be provided to the Participating Municipality and made available to all other Participating Municipalities. SECTION 12 - AMENDMENTS TO THE AGREEMENT 12.01 Amendments not Requiring Approval of Participating Municipalities. (a) ONE JIB may, without the approval of, or notice to the Participating Municipalities, but subject to Section 12.01(b) and Section 12.02, make certain amendments to this Agreement, including amendments which: (1) are necessary to remove any internal inconsistencies in this Agreement and the schedules hereto or to make minor corrections, including the rectification of any ambiguities, defective provisions, errors, mistakes, or omissions that are, in the opinion of ONE JIB, necessary or desirable and not prejudicial to the Participating Municipalities; (2) are intended to ensure compliance with applicable laws, regulations or policies affecting the Participating Municipalities or ONE JIB; (3) effect certain changes to the policies, by-laws, codes of conduct, rules and procedures governing ONE JIB as contained in the Terms of Reference, provided that such changes are made in compliance with Section 12.01(b)(3); (4) are intended to provide additional protection to the Participating Municipalities; (5) are necessary to reflect a change that, in the reasonable opinion of ONE JIB is reasonable, necessary, or appropriate to enable the Participating Municipalities to take advantage of, or not be detrimentally affected by, changes in the Income Tax Act or other taxation laws; or (6) are intended or are necessary to facilitate efficient or cost effective administration of invested money or investments ; 18 20194110.3 Page129 provided that such amendment is not reasonably expected to materially adversely affect the interests of the Participating Municipalities. (b) The following amendments shall only be made as provided below: (1) amendments requiring the approval of the Participating Municipalities under Section 12.02 shall be made in accordance with Section 12.02, (2) amendments relating to an update or modification of a Participating Municipality's IPS or Investment Plan shall be made in the manner set out in Section 5, and (3) amendments to the Terms of Reference (including the exhibits and schedules thereto) shall be made by ONE JIB in accordance with the amending provisions contained therein, as contemplated in Section 7.04; (c) Subject to Section 12.01(a) and Section 12.02, any other amendment may be made by ONE JIB and shall take effect after not less than 60 days' prior written notice of such amendment has been given to the treasurers of the Participating Municipalities including, without limitation, amendments to fees and expenses made in accordance with Section 9.01. (d) Notwithstanding anything else contained herein, provided that any such municipality has first executed a counterpart to this Agreement and has agreed to be bound hereby, the inclusion of a municipality as a Participating Municipality, and the corresponding amendment to Schedule A hereto, may be made at the sole discretion of ONE JIB without prior notice to or the consent of any Participating Municipality. (e) Subject to the foregoing, in its annual report to each Participating Municipality ONE JIB shall provide a description of any material amendments made to the Agreement in the year to which the report relates and ONE JIB shall, at its sole discretion, determine whether an amendment is material for this purpose. 12.02 Amendments Requiring Approval of Participating Municipalities. (a) No amendment to this Agreement may enlarge the power or authority of ONE JIB in a manner inconsistent with the Act or the Regulation. (b) Any amendment to this Agreement (including any schedule hereto) which under applicable law requires the approval of some or all of the Participating Municipalities shall be effective upon ONE JIB's receipt of approvals in writing from the percentage of Participating Municipalities prescribed by the applicable law and the written approval signed by the treasurers of the Participating Municipalities shall be in form and substance appropriate in the circumstances, as determined by the Chair of ONE JIB on the advice of the Secretary of ONE JIB and shall be delivered to ONE JIB and ONE Investment in the manner set out in Section 16.01; (c) Any amendment to this Agreement made under this Section 12.02 shall only be effective upon written notice to all Participating Municipalities regardless of whether a 19 20194110.3 Page130 Participating Municipality was included in the Participating Municipalities who provided the necessary approval. The form and substance of such notice shall be appropriate in the circumstances, as determined by the Chair of ONE JIB on the advice of the Secretary of ONE JIB. 12.03 Restatements. A restated Agreement, setting forth the terms hereof, as amended to the time of execution, may be executed at any time and from time to time by ONE JIB. SECTION 13 - WITHDRAWAL 13.01 Withdrawal from ONE JIB by Regulation. A Participating Municipality may withdraw from investing through ONE JIB if it has become subject to a regulation made under clause 16(d) of section 418.1 of the Act providing that section 418.1 of the Act no longer applies to the Participating Municipality. 13.02 Withdrawal from ONE JIB by a Participating Municipality that is not a Founding Municipality. By entering into this Agreement, each of the Founding Municipalities and each of the other Participating Municipalities hereby agree and shall be deemed to agree at all times that any Participating Municipality which is not a Founding Municipality may withdraw from ONE JIB for any reason provided that the Participating Municipality wishing to withdraw has effected one of the following alternatives: (a) entered into an agreement with another municipality that has established an Investment Board, that Investment Board and any other municipalities investing through that Investment Board to invest through that Investment Board; (b) entered into an agreement with the municipalities that have established a Joint Investment Board, that Joint Investment Board and any other municipalities investing through that Joint Investment Board, to invest through that Joint Investment Board; or (c) established an Investment Board on its own or established a Joint Investment Board with one or more other municipalities and such Participating Municipality has given the Investment Board or Joint Investment Board through which it will be investing the control and management of its investments by delegating to the board (d) the Participating Municipality's powers to make the investments; and (e) the Participating Municipality's duties under section 418.1 of the Act. 13.03 Withdrawal from ONE JIB by a Founding Municipality. By entering into this Agreement, each of the Founding Municipalities and each of the other Participating Municipalities hereby agree and shall be deemed to agree at all times that any 20 20194110.3 Page 131 Founding Municipality may withdraw from ONE JIB for any reason provided that all of the following conditions are met: (a) ONE JIB is not dissolved upon the withdrawal; (b) the other Founding Municipalities that established ONE JIB have, in the opinion of each of their treasurers, a combined total of at least $100,000,000 in money and investments that such municipalities do not require immediately; and the Founding Municipality wishing to withdraw has taken one of the actions described in paragraph (a), (b) or (c) of Section 13.02 and has given the Investment Board or Joint Investment Board through which it will be investing the control and management of its investments by delegating to the board; (c) the Founding Municipality's powers to make the investments; and (d) the Founding Municipality's duties under section 418.1 of the Act. 13.04 Procedures re Withdrawal. A Participating Municipality wishing to withdraw from ONE JIB pursuant to Section 13.02 (the Withdrawing Municipality) must give the Secretary of ONE JIB a minimum of 90 days' prior written notice of withdrawal. At least 10 days prior to the effective date of withdrawal (the Effective Date), ONE JIB must have received a direction (the Transfer Direction) duly authorized by a by-law of the council of the Withdrawing Municipality, passed in compliance with the Act, in form and substance satisfactory to ONE JIB. The Transfer Direction shall instruct ONE JIB to (i) pay to ONE JIB, ONE Investment or any Agents any and all fees and expenses payable or accrued to the Effective Date, and (ii) thereafter, to transfer and deliver to the successor Investment Board or Joint Investment Board named in the Transfer Direction, as at the Effective Date, all of the Withdrawing Municipality's money, investments and assets over which ONE JIB has control and management. At the request of the Withdrawing Municipality, ONE JIB shall arrange for the orderly and secure transfer and transmission of such books and records relating to the Investment Accounts of the Withdrawing Municipality as may be reasonable and necessary. Upon such transfer and delivery, ONE JIB shall be relieved and discharged of and from all further obligations to the Withdrawing Municipality with respect to the money and investments of the Withdrawing Municipality. Notwithstanding the withdrawal of the Withdrawing Municipality from ONE JIB, the obligation of such Withdrawing Municipality to indemnify ONE JIB and the Members as set out in Section 10.03 shall be unaffected and shall survive any such withdrawal. The notice periods specified in this Section 13.04 may be waived by ONE JIB in its discretion. SECTION 14 - DIRECTIONS, INSTRUCTIONS AND NOTICES 14.01 Certificate re Authorized Persons. Each Participating Municipality shall from time to time and upon the written request of ONE JIB, furnish the Secretary of ONE JIB with a certificate signed by its treasurer setting forth the name(s) and title(s) of the authorized officer(s) of the Participating Municipality, which shall include the treasurer and of any other person(s) or representative(s) authorized to act on behalf of the Participating Municipality (Authorized Persons), together with specimen signatures of all such 21 20194110.3 Page132 Authorized Persons and ONE JIB shall be entitled to rely upon the identification of such Authorized Persons as the person(s) entitled to act on behalf of, and provide directions, instructions and notices for, the Participating Municipality for the purposes of this Agreement until a replacement certificate respecting the same is delivered to ONE JIB. 14.02 Reliance on Authorized Persons. Provided ONE JIB has complied with its standard of care set forth in Section 10.01, ONE JIB shall: (a) not be responsible for: (1) the proper application by any Participating Municipality of any part of its Managed Assets so long as payments to the Participating Municipality have been made in accordance with written directions of such Participating Municipality or an Authorized Person or Authorized Persons as herein provided; (2) the adequacy of the Managed Assets to meet and discharge any and all payments and liabilities in respect of a Participating Municipality; or (3) the compliance by any Participating Municipality with the Act, the Regulation or any Municipal Legislation with respect to the formulation, adoption, or amendment of its IPS, or any decision with respect to additions or contributions to the Managed Assets or withdrawals from the Managed Assets or any other determination as to monies or investments which constitute Managed Assets; (b) be fully protected in acting upon any instrument, certificate or other writing believed by it to be genuine and to be signed or presented by an Authorized Person or Authorized Persons; (c) be under no duty to make any investigation or inquiry as to any statement contained in any such writing but may accept the same as conclusive evidence of the truth and accuracy of the statements therein contained; and (d) be entitled to decline to take any actions unless it has clear instructions. 14.03 Reliance on Experts and Others. ONE JIB may rely and act upon any statement, report or opinion prepared by or any advice received from the auditor of the ONE Investment Pools, solicitors or other professional advisers with respect to the Managed Assets and shall not be responsible or held liable for any loss or damage resulting from so relying or acting if the advice was within the area of professional competence of the person from whom it was received, ONE JIB acted in good faith in relying thereon, and the professional adviser was aware that ONE JIB was receiving the advice in its capacity as fiduciary with respect to the Managed Assets. ONE JIB shall in no way be responsible for, nor incur any liability based on, the action or failure to act or for acting pursuant to or in reliance on instructions of the Participating Municipality, a Custodian, Administrator, Payment Agent or External Portfolio Manager or any Agent to whom its responsibilities are properly delegated. 22 20194110.3 Page133 SECTION 15 -TERM AND TERMINATION 15.01 Termination of Agreement. Two or more Founding Municipalities may dissolve ONE JIB if no other Participating Municipalities are investing through ONE JIB and each such Founding Municipality has effected one of the following alternatives: (a) entered into an agreement with another municipality that has established an Investment Board, that Investment Board and any other municipalities investing through that Investment Board to invest through that Investment Board; (b) entered into an agreement with the municipalities that have established a Joint Investment Board, that Joint Investment Board and any other municipalities investing through that Joint Investment Board, to invest through that Joint Investment Board; or (c) established an Investment Board on its own or established a Joint Investment Board with one or more other municipalities and each such Founding Municipality has given the Investment Board or Joint Investment Board through which it will be investing the control and management of its investments by delegating to the board (d) the Founding Municipality's powers to make the investments; and (e) the Founding Municipality's duties under section 418.1 of the Act. 15.02 Participating Municipalities may not Dissolve ONE JIB. Participating Municipalities do not, either alone or collectively, have the power to dissolve ONE JIB. SECTION 16 - GENERAL 16.01 Notice. (a) Address for notices. Any notice or other communication required or permitted to be given under this Agreement shall be in writing and shall be delivered or sent by registered mail, postage prepaid or email to the addresses or facsimile numbers set out in Schedule A in respect of each Participating Municipality and in the case of ONE JIB or ONE Investment to: ONE Joint Investment Board 155 University Ave., Suite 800 Toronto, ON M5H 3137 Attention: The Secretary with copy to the Chair email: secretary@oneinvestment.ca 23 20194110.3 Page 134 ONE Investment 155 University Ave., Suite 800 Toronto, ON M51-1 3137 Attention: The Secretary - Treasurer email: amajidi@amo.on.ca Changes to the addresses and facsimile numbers may be made in the manner set out in this Section 16.01. (b) Effective date. Any such notice or other communication shall be deemed to have been given and received, if delivered, on the day of delivery (or, if the day is not a Banking Day, on the next following Banking Day) or, if mailed, on the second Banking Day following the day on which it is mailed. If a strike or lockout of postal employees is in effect or generally known to be impending on the date of mailing, any such notice or other communication shall be delivered and not sent by mail. 16.02 Application of the Municipal Affairs Act. In the event that a Participating Municipality becomes subject to supervision under Part III of the Municipal Affairs Act, the duties and responsibilities of ONE JIB hereunder, in respect of such Participating Municipality, may be subject to the special jurisdiction and powers that can be exercised in respect of the Participating Municipality and ONE JIB as a local board of such Participating Municipality. 16.03 Further action. Each party shall at all times promptly execute and deliver and cause to be executed and delivered such documents and take and cause to be taken such action as may be necessary or appropriate to give effect to the provisions of this Agreement. 16.04 Benefit. This Agreement shall enure to the benefit of and be binding upon each party and their respective successors and permitted assigns. 16.05 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which together shall constitute one Agreement. 16.06 Electronic Signatures. This Agreement may be executed by the parties electronically in accordance with the Electronic Commerce Act, 2000, S.O. 2000, c. 17. [Balance of page intentionally blank] 24 20194110.3 Page 135 The parties have executed this Agreement on the dates set out below. [MUNICIPALITY] DATE: BY: (Signature) (Print Name) ONE JOINT INVESTMENT BOARD r DATE: BY: (Signature) Ck P'tN (rin ame) ONE INVESTMENT X*JAATE: BY: (Signature) (Print Name) BY: (Signature) (Print Name) 25 20194110.3 Page136 COUNTERPART OF ONE JOINT INVESTMENT BOARD AGREEMENT BY: [INSERT FULL LEGAL NAME OF APPLICANT MUNICIPALITY] DATE: BY: [HEAD OF COUNCIL] BY: (Signature) (Print Name) v 26 201941 10.3 Page137 SCHEDULE A PARTICIPATING MUNICIPALITIES (INCLUDING ADDRESS FOR NOTICES) Town of Aurora 100 John West Way Aurora, ON L4G 6J1 ATTN: Director, Finance — Treasurer Phone: (905) 727-1375 Town of Bracebridge 1000 Taylor Court Bracebridge, ON P1L 1136 ATTN: Director of Finance/Treasurer Phone: (705) 645-6319 x262 Town of Innisfil 2101 Innisfil Beach Rd. Innisfil, ON L9S 1A1 ATTN: Manager, Legal & Clerk Services/Clerk Phone: (705) 436-3740 x1401 Email: (parkin@innisfil.ca City of Kenora 1 Main Street South Kenora, ON P9N 3X2 ATTN: Treasurer ` Phone: (807) 467-2013 1� ,,OF The Corporation of the City of Quinte West 7 Creswell Drive Trenton, ON K8V 5R6 ATTN: Director of Finance/Treasurer Town of Whitby 575 Rossland Rd. E. Whitby, ON L1N 2M8 ATTN: Commissioner, Corporate Services/Treasurer Phone: (905) 430-4314 Town of Aylmer 46 Talbot Street West Aylmer, ON N5H 1J7 ATTN: Director of Financial Services/Treasurer Phone: (519) 773-3164 x4919 Town of Huntsville IRRI& 37 Main St. East Huntsville, ON P1H 1A1 ATTN: Manager of Finance/Treasurer Phone: (705) 789-1751 x2251 Municipality of Neebing 4766 Highway 61 Neebing, ON P7L OB5 ATTN: Clerk -Treasurer Phone: (807) 474-5331 The District Municipality of Muskoka 70 Pine Street Bracebridge, ON P1L 1N3 ATTN: Commissioner, Finance & Corporate Services Phone: (705) 645-2100 x4255 City of Thunder Bay 500 Donald Street E., Thunder Bay, ON P7E 5K4 ATTN: City Clerk Phone: (807) 625-2236 27 201941 10.3 Page138 SCHEDULE B FORM OF AUTHORIZING AND PRUDENT INVESTOR ENABLING BY-LAW FOR APPLICANT MUNICIPALITIES [MUNICIPALITY FULL LEGAL NAME, INCLUDING THE CORPORATION OF THE XXXXX OR UPPER -TIER MUNICIPALITY FULL LEGAL NAME] By-law Number [insert number] A By-law of [Municipality full legal name, including The Corporation of the XXXX or Upper -tier Municipality full legal name] to authorize it to invest its money and investments that it does not require immediately in the Prudent Investment Program of ONE Joint Investment Board ("ONE JIB") pursuant to section 418.1 of the Municipal Act, 2001, to approve various documents, the entering into of specific agreements and the delegation of certain powers and duties WHEREAS section 418.1 of the Municipal Act, 2001 (the "Act") permits a municipality that meets certain requirements to invest money that it does not require immediately in any security in accordance with the Act and the related regulations in any securities provided that it exercises the care, skill, diligence and judgment that a prudent investor would exercise in making such an investment; WHEREAS section 418.1 of the Act provides that a municipality may, pursuant to subsection 418.1 (2) of the Act, pass a by-law to have section 418.1 apply to the municipality (the "Prudent Investor Enabling By- law") provided that the municipality satisfies the prescribed requirements on the day the municipality passes the by-law and the Act further provides that subsection 418.1(2) will apply to the municipality as of the effective date set out in the by-law; AND WHEREAS paragraph 3 of section 15 of O. Reg. 438/97 (Part II) (the "Regulation") requires that a municipality that intends to invest pursuant to section 418.1 of the Act through a Joint Investment Board that was established by other municipalities must have entered into an agreement with the Joint Investment Board and any other municipalities investing through the Joint Investment Board before it passes its Prudent Investor Enabling By-law; AND WHEREAS section 18 of the Regulation provides that the council of a municipality shall adopt and maintain an investment policy in relation to investing under section 418.1 of the Act, and section 25 of the Regulation provides that a municipality may enter into an agreement described in paragraph 3 of section 15 and may adopt an investment policy under section 18 of the Regulation before a municipality passes a Prudent Investor Enabling by-law; AND WHEREAS the treasurer of The Corporation of the [insert name of the relevant municipality] (the "Municipality") completed a draft Municipal Client Questionnaire, in the form attached hereto as Schedule "A" (the "Municipal Client Questionnaire") and prepared the draft investment policy statement attached hereto as Schedule "B", which is referred to as its Investment Policy Statement (the "IPS") and the Municipality intends to approve the completed draft Municipal Client Questionnaire and adopt the IPS, in accordance with section 18 of the Regulation; AND WHEREAS effective on May 19, 2020 The Corporation of the Town of Bracebridge, The Corporation of the Town of Huntsville, The Corporation of the Town of Innisfil, The Corporation of the City of Kenora, The District Municipality of Muskoka and The Corporation of the Town of Whitby (collectively the 28 20194110.3 Page139 "Founding Municipalities") established a Joint Investment Board pursuant to an Initial Formation Agreement as a joint municipal service board pursuant to section 202 of the Act (the "Initial Formation Agreement"), which Joint Investment Board is called ONE Joint Investment Board ("ONE JIB") and all of the Founding Municipalities agreed under the Initial Formation Agreement to invest through ONE JIB; AND WHEREAS ONE JIB and the Founding Municipalities have entered into an agreement that provides that ONE JIB will invest under section 418.1 of the Act on behalf of the Founding Municipalities under that agreement (the "ONE JIB Agreement") and that ONE JIB will also invest under that agreement on behalf of other Ontario municipalities from time to time (each such municipality, including each Founding Municipality is a "Participating Municipality", collectively the "Participating Municipalities") on the basis that: (i) before any new Participating Municipality passes its Prudent Investor Enabling By-law it will have entered into the ONE JIB Agreement with ONE JIB and with all of the other Participating Municipalities on the day such new Participating Municipality passes its Prudent Investor Enabling By-law; and (ii) ONE JIB has met the criteria set out in subsection 17 (3) of the Regulation, and will, in accordance with section 418.1 of the Act, the Regulation and the ONE JIB Agreement, invest on behalf of the Participating Municipalities; AND WHEREAS pursuant to the ONE JIB Agreement, all Participating Municipalities, consent to other municipalities entering into the ONE JIB Agreement from time to time so long as they comply with the applicable requirements and criteria under the Act and the Regulation; AND WHEREAS ONE JIB is subject to all applicable provisions of the Act, including having: (i) a code of conduct established by the councils of each of the municipalities for which it is a local board (ii) an Integrity Commissioner and Closed Meeting Investigator appointed by the councils of the municipalities for which it is a local board; and (iii) a records retention by-law that establishes retention periods during which the records of ONE JIB must be retained and preserved in accordance with the Act; AND WHEREAS it has been determined by ONE JIB that it would be prudent to have one code of conduct, one Integrity Commissioner and one Closed Meeting Investigator for ONE JIB, rather than one from each of the Founding Municipalities and one from each of the other municipalities that subsequently enter into the ONE JIB Agreement; AND WHEREAS each of the Founding Municipalities and Participating Municipalities that subsequently entered into the ONE JIB Agreement pursuant to an authorizing by-law that is substantially in the same form as this By-law ("Authorizing By-law"), established the code of conduct for ONE JIB that is attached to the ONE JIB Agreement as part of the Terms of Reference (the "Code of Conduct") and authorized ONE JIB to make future changes to the Code of Conduct; AND WHEREAS after consultation with ONE Investment staff the Founding Municipalities directed ONE JIB's agent, ONE Investment, to undertake a Request for Proposals ("UP") process to retain the services of both an Integrity Commissioner and a Closed Meeting Investigator for ONE JIB. After completion of the RFP process the recommended candidate was submitted to ONE JIB for its consideration and ONE JIB appointed the recommended candidate as its Integrity Commissioner and its Closed Meeting Investigator; AND WHEREAS each Founding Municipality, pursuant to an Authorizing By-law, delegated to ONE JIB the authority to appoint its initial Integrity Commissioner and its initial Closed Meeting Investigator and their respective successors, from time to time, in accordance with the process set out in the Terms of Reference which form part of the ONE JIB Agreement; 29 20194110.3 Page140 AND WHEREAS a records retention by-law was passed by ONE JIB on February 28, 2024 (the "Records Retention By-law") and at that time more than a majority of the Participating Municipalities in their capacity as "affected municipalities" as that term is used in sections 254 and 255 of the Act, approved the establishment of the retention periods during which the records of ONE JIB must be retained and preserved and all of the Participating Municipalities at that time delegated the necessary powers and duties in respect of the records of ONE JIB to the Secretary of ONE JIB in accordance with the Records Retention By -Law; AND WHEREAS the Municipality is required to have entered into the ONE JIB Agreement before the Municipality can pass its Prudent Investor Enabling By-law; AND WHEREAS after ONE JIB confirms its acceptance of the Municipality as a Participating Municipality under the ONE JIB Agreement and after the Municipality, ONE JIB and ONE Investment have signed the ONE JIB Agreement ONE JIB, through its agent ONE Investment, and the Municipality will agree upon on an effective date which date will be the effective date of the Municipality's authorization of the application of section 418.1 of the Act to it, which effective date will also be known as the "Prudent Effective Date"; NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE MUNICIPALITY OF XXXX, HEREBY ENACTS AS FOLLOWS: 1. The Municipality ratifies, confirms and approves the completion and execution by the treasurer of the Municipal Client Questionnaire for and on behalf of the Municipality. 2. The Municipality adopts the IPS and acknowledges and agrees that control and management of its money and investments that it does not require immediately will be given to ONE JIB pursuant to the ONE JIB Agreement as at the Prudent Effective Date described in section 8 of this By-law. 3. The Municipality authorizes the entering into of the ONE JIB Agreement after ONE JIB has accepted the Municipality as a Participating Municipality under the ONE JIB Agreement, substantially in the form attached hereto as Schedule "C", pursuant to which ONE JIB will be given the control and management of the Municipality's money and investments that it does not require immediately together with that of all of the other Participating Municipalities as at the day this By-law is passed with an effective date that is the Municipality's Prudent Effective Date as described in section 8 of this By-law and the [head of council] and the treasurer are authorized to execute the ONE JIB Agreement for and on behalf of the Municipality. 4. Pursuant to the ONE JIB Agreement which the Municipality has authorized under this By-law, the Municipality agrees to the establishment of the Code of Conduct for ONE JIB as a local board of the Municipality on the basis that each municipality that invests through ONE JIB will similarly agree to the establishment of the Code of Conduct for ONE JIB in its capacity as a local board of that municipality and the Municipality hereby authorizes ONE JIB to make future changes to the Code of Conduct without further approval from the Municipality. 5. In accordance with the process for appointing an Integrity Commissioner and a Closed Meeting Investigator and their respective successors from time to time that is described in the Terms of Reference which form part of the ONE JIB Agreement the Municipality acknowledges that ONE JIB has appointed its initial Integrity Commissioner and its initial Closed Meeting Investigator and the Municipality approves such initial appointments by ONE JIB and the delegation to ONE JIB of the authority to appoint their respective successors from time to time. 30 20194110.3 Page 141 6. The Municipality acknowledges that ONE JIB as a local board of the Municipality has established the retention periods during which it must retain and preserve its records in accordance with the Act and that more than a majority of the Participating Municipalities at the time approved or shortly thereafter approved the establishment of such retention periods and the Municipality approves of the retention periods set out in the Records Retention By-law and hereby delegates to the Secretary of ONE JIB the necessary powers and duties in respect of the records of ONE JIB as described in the Records Retention By-law. 7. The delegation to ONE JIB of the power to appoint the successors of the initial Integrity Commissioner and of the initial Closed Meeting Investigator and the delegation to the Secretary of ONE JIB of the aforesaid powers and duties in respect of the records of ONE JIB will not be revoked prior to the end of the term of the council of the Municipality that made such delegations. These delegations may be revoked at any time thereafter. These delegations remain in effect unless and until such revocation occurs. 8. The Municipality hereby authorizes the application of section 418.1 of the Act to it after the ONE JIB Agreement has been signed by the Municipality, ONE JIB and ONE Investment on the basis that the effective date of the ONE JIB Agreement vis a vis the Municipality as a Participating Municipality will be the date that is set out as the Prudent Effective Date in a Prudent Effective Date Agreement substantially in the form attached hereto as Schedule "D" and the treasurer of the Municipality is hereby authorized to execute such agreement on behalf of the Municipality. 9. Any one or more of the [head of council], the treasurer and the clerk are, for and on behalf of the Municipality, each hereby authorized to do all things and to execute all other documents, instruments and papers in the name of the Municipality necessary or desirable to give control and management of its money and investments that it does not require immediately to ONE JIB and to deliver all documents, instruments and papers as required and as authorized by this By-law and such execution shall be conclusive evidence that such documents, instruments and papers so executed are the documents, instruments and papers authorized by this By-law. 10. Sections 1 to 7 inclusive and sections 9 and 10 of this By-law shall take effect on the day of passing and section 8 of this By-law shall take effect on the Municipality's Prudent Effective Date. ENACTED and PASSED this [COUNCIL MEETING DATE] [PRINT NAME XXXXX] [PRINT NAME XXXXX] [HEAD OF COUNCIL XXXXX] [CLERK XXXXX] 31 20194110.3 Page142 SCHEDULE C TERMS OF REFERENCE FOR ONE JIB 1. ESTABLISHMENT & PURPOSE ONE Joint Investment Board ("ONE JIB") was established by the Founding Municipalities to invest, on behalf of each Founding Municipality, money that the Founding Municipalities do not require immediately and to invest money that is not required immediately on behalf of other Ontario municipalities (such other Ontario municipalities, together with the Founding Municipalities, called the "Participating Municipalities") that subsequently enter into the ONE Joint Investment Board Agreement (the "Agreement") and to have control and management of such money, in accordance with the Act and the Regulation. Each member of ONE JIB ("Member") has a duty to manage and to direct the management of the investments of the Participating Municipalities over which ONE JIB has been given management and control in accordance with the Act and the Regulation. ONE JIB is a joint municipal service board established under section 202 of the Act. 2. DEFINITIONS AND INTERPRETATION These Terms of Reference are a schedule to the Agreement and thus form part of the Agreement. Except as otherwise defined in this Section 2, or unless the context otherwise requires, defined terms used herein have the meanings ascribed to such terms in the Agreement. In addition to the defined terms found in Section 1.01 of the Agreement, these Terms of Reference repeat the definition for "Act" and contain the following additional defined terms: "Act" means the Municipal Act, 2001, S.O. 2001, c. 25, as amended from time to time; "Closed Meeting Investigator" means an individual appointed as the closed meeting investigator in accordance with the requirements of the Act. "Code of Conduct" means the code of conduct applicable to Members in accordance with the Act, attached as Exhibit A. "Integrity Commissioner" means an individual appointed as the integrity commissioner of ONE JIB in accordance with the requirements of the Act. "Procedure By-law" means the procedure by-law applicable to ONE JIB in accordance with the Act. All other rules of interpretation set out in the Agreement apply equally to these Terms of Reference. 3. DUTIES AND RESPONSIBILITIES 3.1 Compliance with Municipal Legislation ONE JIB shall conduct its business and discharge its responsibilities in accordance with the Act and any other applicable provisions found in Municipal Legislation. 32 20194110.3 Page143 As a joint municipal service board established under section 202 of the Act, ONE JIB is required to adopt a procedure by-law. As a joint municipal service board established under section 202 of the Act, ONE JIB is required to have a code of conduct, and the Code of Conduct set out in Exhibit A has been established to apply to ONE JIB and its Members. As a joint municipal service board established under section 202 of the Act, ONE JIB is required to have procedures for the appointment of an integrity commissioner and, if necessary for the appointment of a closed meeting investigator. The Integrity Commissioner and the Closed Meeting Investigator shall be appointed or engaged in accordance with the process set out in Exhibit E. 3.2 Member Responsibility to Comply with Act and Regulation Each Member shall perform the functions mandated by, and otherwise comply with, the Act and the Regulation, other applicable legislation including securities legislation and these Terms of Reference. If it is apparent that a Member has failed to comply with the Act, the Regulation, other applicable legislation or these Terms of Reference in any material respect, a majority of the other Members may vote to remove the Member and any such removal shall be final and binding and shall not be subject to any legal challenge by the removed Member or any Participating Municipality. As used herein, "material" non-compliance means an act or omission (or series of acts or omissions) which is deliberate and not inadvertent and which either at occurrence or with the passage of time, can reasonably be expected to result in (i) the Member being subject to regulatory sanction or discipline; (ii) damage or economic loss, including by way of opportunity cost, to a Participating Municipality; (ii) damage to the reputation of ONE JIB or ONE Investment; or (iv) any detrimental effect on the ability of ONE JIB to function effectively. 3.3 Enumerated Duties ONE JIB shall perform such services, and have such duties and responsibilities, as may be provided in the Act and the Regulation and as the Participating Municipalities may determine and assign to ONE JIB from time to time, including the following: (a) Review the Participating Municipality's Investment Policy, and at the request of the Participating Municipality, provide advice and recommendations with respect thereto, including the Participating Municipality's investment objectives and strategies; (b) Adopt and maintain an Investment Plan for the Participating Municipality in accordance with the Act and the Regulation and consistent with the Participating Municipality's Investment Policy; (c) Engage one or more Administrators, Custodians, Payment Servicers, External Portfolio Managers, investment counsel, bankers, brokers, dealers, and other Agents as may be required to implement the Investment Plan in accordance with the Investment Policy; (d) Monitor the performance of the Agents; (e) Report to the Participating Municipality as required by the Act and the Regulation; 33 20194110.3 Page 144 (f) Provide advice and observations to each Participating Municipality and its council regarding economic developments including matters affecting the business outlook, the investment environment and similar matters to assist the Participating Municipality and its council in assessing investment performance and planning; (g) Review and provide input on investment objectives, policies and procedures and appropriate risk management and mitigation measures with respect to the Participating Municipality's investments; (h) Review and monitor the investment performance of the Participating Municipality's investments, including selection of or recommendations as to appropriate benchmarks, peer group and similar metrics; and (i) Provide advice and recommendations with respect to such other matters as may be requested from time to time by ONE Investment or a Participating Municipality. 3.4 ONE JIB Reports to the Participating Municipalities ONE JIB shall, within 90 days of the end of the financial year of the Participating Municipality, prepare and deliver to the council of the Participating Municipality (to the attention of the Treasurer), an investment report (the "Annual Investment Report") prepared in accordance with the Regulation that contains: (a) a statement about the performance of the Participating Municipality's Managed Assets during the period covered by the report; (b) a statement by the Treasurer of the Participating Municipality as to whether or not, in the opinion of the Treasurer, all investments making up the Managed Assets are consistent with the Participating Municipality's Investment Policy and Investment Plan; and (c) such other information related to or incidental to the foregoing that the council of the Participating Municipality may reasonably require. Prior to finalizing the Annual Investment Report, ONE JIB shall provide a draft report to the Treasurer of the Participating Municipality and shall consider any comments on such draft report made by the Treasurer of the Participating Municipality. Where ONE JIB is requested to provide additional information as contemplated herein, ONE JIB may request that the Participating Municipality prepare a draft of the report for ONE JIB's consideration and approval. 3.5 ONE JIB Reports to the Municipal Treasurer ONE JIB shall as soon as practicable notify the Treasurer of a Participating Municipality where the Managed Assets include an investment which is not consistent with the Participating Municipality's Investment Policy or Investment Plan. Such notice shall be accompanied by a written report of the results of any assessment which includes a description of each instance of a breach of the Participating Municipality's Investment Policy or Investment Plan, of which ONE JIB is aware or has reason to believe has occurred, and recommendations for any actions ONE JIB considers should be made to rectify the non-compliance. 34 20194110.3 Page145 3.6 ONE JIB Reports to Securities Regulatory Authorities ONE JIB shall, as soon as practicable, notify in writing the Ontario Securities Commission or other applicable securities regulatory authority where ONE JIB becomes aware of the occurrence of a material breach of applicable securities legislation applicable to ONE JIB or to ONE Investment. ONE JIB may also, but is not required to, communicate directly with securities regulatory authorities with respect to any concerns or issues that it may not otherwise be required to report and any other matter, but only if it has first communicated its concerns to ONE Investment and to the relevant Participating Municipality and considered any response received from the Participating Municipality. 3.7 Secretary to ONE JIB The work of ONE JIB shall be supported by a secretary (the "Secretary to ONE JIB"), who may be engaged or employed by ONE Investment, but who shall be appointed by ONE JIB, acting on the advice of ONE Investment, to the office of Secretary to ONE JIB and have a reporting relationship with the Chair of ONE JIB. The Secretary shall advise ONE JIB as to certain procedural and jurisdictional matters, including those matters specified in the Procedure By -Law, and be responsible to provide such secretarial, research, clerical and administrative services as ONE JIB may require in the discharge of its duties. From time to time, ONE JIB, acting on the advice of ONE Investment, may appoint an alternate Secretary or assistant to the Secretary to provide support as may be required in the circumstances. 3.8 Legal and Other Advisors If ONE JIB determines that it is useful or necessary for ONE JIB to carry out its duties, ONE JIB may engage, or seek advice from, at the expense of the Participating Municipalities, legal counsel, accountants or any other advisors, in each case provided that such person has the requisite knowledge and experience to provide such advice. ONE JIB has the authority to agree to reasonable compensation and proper expenses for any independent legal counsel and other advisors engaged by ONE JIB. ONE JIB may retain advisors selectively, and only to assist, not replace, ONE JIB decision making. Prior to retaining an independent advisor, the Chair of ONE JIB will provide advance notice to ONE Investment. 4. CONSTITUTION `1%& 4.1 Number and Quorum ONE JIB shall be comprised of not fewer than seven and not more than [twelve] Members. The Participating Municipalities may change the size of ONE JIB in accordance with the Agreement, but shall seek the input of the Chair of ONE JIB prior to doing so. A majority of Members shall constitute a quorum for the transaction of business at any meeting of ONE JIB. 4.2 Qualification Each Member shall have such experience and expertise in investment management, risk management, finance, corporate governance, accounting, law or in such other areas of expertise as may be determined to be appropriate from time to time by ONE JIB or a committee thereof in consultation with ONE Investment. 35 20194110.3 Page146 No person shall be qualified to be a Member if that person is less than eighteen years of age, is of unsound mind and has been so found by a court in Canada or elsewhere, has been sanctioned or disciplined by a securities regulatory authority in Canada or elsewhere within the previous 20 years, or is not an individual or has the status of a bankrupt. 4.3 Appointment of Members and Nominating Committee The Founding Municipalities have appointed the initial Members. Subsequent Members, including those appointed to fill vacancies as referred to in Section 4.6, are to be appointed as follows by the then incumbent Members and with the approval of ONE Investment. ONE JIB in consultation with ONE Investment may form a nominating committee (the "Nominating Committee"), made up of no fewer than three and no more than nine persons to identify individuals to fill vacancies on ONE JIB. The Chair of the Nominating Committee shall be a Member. The other persons serving on the Nominating Committee need not be Members and may be senior officers of ONE Investment and/or representatives of the Participating Municipalities. The Nominating Committee, in recommending a new Member or reappointing a Member, shall consider: (a) the competencies and skills ONE JIB, as a whole, should possess; (b) the competencies and skills of each other Member; and (c) the competencies and skills the prospective Member would bring to ONE JIB. The then incumbent Members and ONE Investment shall give consideration to individuals nominated by the Nominating Committee and a new Member shall be appointed with the affirmative vote of a simple majority of Members, and the approval of ONE Investment. Members may decline to follow the recommendation of the Nominating Committee, in which case the Chair of ONE JIB may form a new Nominating Committee. Temporary vacancies may be filled by the the Chair of ONE JIB as the Chair may consider to be appropriate in the circumstances, provided that the filling of such vacancy receives the consent of a majority of the Members. 4.4 Consent Upon first acting as a Member, every Member appointed in accordance with Section 4.3 shall be deemed to have consented to (a) acting as a Member on the terms and conditions set out herein, and (b) the public disclosure of the existence of ONE JIB, the names of its Members, the matters reviewed by ONE JIB, the recommendations of ONE JIB, the compensation and expenses of the Members, and any other matter that is required to be disclosed pursuant to the terms of applicable legislation and rules or any decision made under applicable municipal law; provided that the Members, acting reasonably and promptly following a request, shall be entitled to review and require changes to the text of any such disclosure. 4.5 Adherence to Code of Conduct Every Member shall comply at all times with the Code of Conduct for Members of ONE JIB, as amended from time to time. 36 20194110.3 Page147 4.6 Vacancies of Office A Member shall cease to hold office: (a) if the Member dies, resigns by a written resignation received and accepted by the Chair of ONE JIB in accordance with Section 4.7 or is removed from office in accordance with Section 4.8; (b) if the Member is a Municipal Treasurer Representative, and is a Treasurer of a Participating Municipality, and such Participating Municipality withdraws from ONE JIB; provided however, that if such individual has been appointed as the Treasurer of another Participating Municipality prior to or at the time of the effective date of withdrawal, and such Participating Municipality agrees, the individual may continue to serve as a Municipal Treasurer Representative; (c) upon the Member accepting employment or other engagement with a financial services provider, unless such employment or engagement has first been approved by the Integrity Commissioner and the Chair of ONE JIB; (d) if the Member is of unsound mind as determined by a court in Canada or elsewhere, bankrupt, prohibited from acting as a director or officer of any issuer in Canada, subject to any penalties or sanctions made by a court relating to provincial and territorial securities legislation or a party to a settlement agreement with a provincial or territorial securities regulatory authority; (e) if the Member is absent from meetings of ONE JIB for three consecutive regular meetings, without being authorized to do so by a resolution of ONE JIB; (f) if the Member's seat on ONE JIB is declared vacant in anyjudicial process; or (g) if the Member's membership is forfeited under the Act or any other act of the Ontario legislature. Clause 4.6(e) does not apply to vacate the membership of a Member who is absent for 20 consecutive weeks or less if the absence is a result of the Member's pregnancy, the birth of the Member's child or the adoption of a child by the Member. If a vacancy occurs on ONE JIB, the Members shall fill the vacancy as soon as practicable and a person appointed to fill a vacancy shall continue as a Member for the remainder of the term so replaced. 4.7 Resignations Unless otherwise agreed to by ONE Investment and a majority of the other Members, a Member shall resign from ONE JIB upon: becoming aware that personal circumstances may have an adverse impact on the reputation of ONE JIB, a material change in employment that may have an adverse effect on the Member's contribution or effectiveness on ONE JIB or accepting a directorship with a financial institution or a company which results in the Member becoming subject to a conflict of interest as described in Section 6.2. 37 20194110.3 Page148 A Member may resign by notice in writing filed with the Secretary and the Chair of ONE JIB. A resignation is not effective if it would reduce the number of Members to less than a quorum. 4.8 Removal of Member A Member or Members may be removed from office by a majority vote of the other Members, including in the circumstances described in Section 3.2 or Section 4.6. Removal shall be effected by instrument in writing delivered to such Member or Members specifying the effective date of such removal. If a Participating Municipality recommends to ONE JIB that it remove a Member, ONE JIB shall consider such recommendation, although the final determination shall be in the discretion of ONE JIB. 4.9 Terms The term of office of a Member shall be no more than three years and no less than one year, and shall be set by ONE JIB, acting on the recommendation of the Nominating Committee, at the time such Member is appointed. Staggered terms are permitted. A Member may not be reappointed for a term of office that, if served, would result in the Member serving on ONE JIB for longer than nine years unless ONE JIB, on the recommendation of the Nominating Committee, agrees to such reappointment. 4.10 Orientation and Continuing Education ONE Investment and ONE JIB shall provide orientation consisting of educational or informational programs that enable a new Member to understand: (a) the role of ONE JIB and its Members collectively; and (b) the role of the individual Member, including the commitment of time and energy that is expected from the Member. ONE JIB may supplement such orientation, and any orientation provided by ONE Investment on the nature and operation of municipal finance with such educational programs that it reasonably deems necessary or desirable. Each Member shall participate in orientation and continuing education programs provided or recommended by ONE JIB or ONE Investment. 4.11 Chair and Vice -Chair The Chair and the Vice -Chair of ONE JIB shall be elected for three-year terms by the Members and upon the resignation, death, disqualification or removal of the current Chair or of the Vice -Chair. The Members shall take into account ONE Investment's recommendations, if any, when electing the Chair and the Vice -Chair. Each of the Chair and the Vice -Chair must be a Member. The Chair is responsible for managing the mandate, responsibilities and functions of ONE JIB. The Chair's primary functions are to lead ONE JIB meetings, facilitate the operations and deliberations of ONE JIB, foster communications among Members, and ensure ONE JIB carries out its responsibilities in a timely and effective manner. The Chair shall work with the Secretary, who shall act as board secretary of ONE JIB and set agendas and circulate meeting materials for ONE JIB meetings in accordance with the Procedure By-law, and shall be ONE JIB's primary contact with ONE Investment in preparing for meetings. On an ongoing basis, the Chair shall assess whether ONE JIB has appropriate administrative support, access to senior management of ONE Investment and access to outside advisers for the purpose of ONE JIB fulfilling its mandate. ONE JIB may, by by-law or resolution, appoint a Member to act in the place of the Chair or other Member designated to preside at meetings in ONE JIB's Procedure By-law when the Chair or 38 20194110.3 Page149 designated Member is absent or refuses to actor the office is vacant, and while so acting such Member has all of the powers and duties of the Chair or designated Member, as the case may be, with respect to the role of presiding at meetings. 4.12 Committees In addition to the Nominating Committee provided for in Section 4.3, ONE JIB may authorize any other committee or subcommittee to assist in carrying out any of its functions, except the removal of a Member. Any such committee or subcommittee shall be chaired by a Member, and its members appointed by ONE JIB, but such members of such committee or subcommittee need not all be Members. If any such committee is constituted as an ad hoc committee, ONE JIB shall by resolution provide it with a written mandate or terms of reference, and if constituted as a standing committee of ONE JIB, ONE JIB shall amend and supplement these Terms of Reference to include a defined mandate. Any committee or subcommittee formed under this Section 4.12 shall report on its meetings to ONE JIB, generally by way of a report filed at the next following meeting of ONE JIB, and in any case at least annually. A committee or subcommittee formed under this Section 4.12 is authorized to make recommendations to ONE JIB on a matter within its mandate; however the decision to take action based on the recommendation is reserved to ONE JIB. The Procedure By-law applies to proceedings of committees of ONE JIB with necessary modifications. 4.13 Self Assessments V Annually, ONE JIB must review and assess: (a) its effectiveness as a board, as well as the effectiveness and contribution of each of its Members, including a consideration of: (i) the competencies and knowledge each Member is expected to bring to ONE JIB; (ii) the level of complexity of the issues reasonably expected to be raised by Members in connection with the matters under review by ONE JIB; (iii) continuing education activities and industry knowledge of each Member; and (iv) the ability of each Member to contribute the necessary time required to serve effectively on ONE JIB; (b) its structural effectiveness, including a consideration of: (i) the frequency of meetings; (ii) the substance of meeting agendas; (iii) the policies and procedures that ONE Investment has established to refer matters to ONE JIB; (iv) the usefulness of the materials provided to Members; and (v) the collective experience and background of the Members. 39 20194110.3 Page 150 (c) The written minutes of ONE JIB meetings at which these assessments take place shall form the basis of the records of such assessments. ONE JIB may also establish a process for and determine the frequency of additional assessments as it sees fit. ONE JIB shall consider how to respond appropriately to address any opportunities for improvement found in a self - assessment. 5. MEETINGS OF ONE JIB 5.1 Calling and Place of Meetings Meetings of ONE JIB shall be called by the Chair of ONE JIB, in accordance with the Procedure By-law and the schedule of meetings approved by ONE JIB. Except as may be permitted under the Act, meetings of ONE JIB shall be open to members of the public. Members may participate electronically with all the rights and duties of the other Members under the circumstances set out in the Procedure By-law. Exhibit B sets out the current limited circumstances under which meetings of ONE JIB may or shall be closed, in accordance with the provisions of the Act. 5.2 Notice of Meeting Notice of the time and place of each meeting of ONE JIB shall be given by the Secretary as required under the Procedure By-law. The notice shall identify the main matters to be addressed at the meeting. The Secretary shall arrange for the notice of meeting to be posted or publicized as required. Persons wishing to make deputations or representations to a meeting on any matter to be addressed at a meeting shall make appropriate arrangements to do so through the Secretary. 5.3 Persons Entitled to Participate When submitting a matter to ONE JIB for its recommendation or approval, ONE Investment and its representatives shall be entitled to be present at meetings of ONE JIB to outline the nature of the question or matter to be reviewed by ONE JIB. Any other person may participate in the meeting in accordance with the Procedure By-law and on the invitation of the Chair of the meeting or with the consent of ONE JIB. ONE JIB may hold at least one segment of one meeting annually at which ONE Investment, any entity related to ONE Investment or any of their representatives are not in attendance. 5.4 Conduct of Meetings All other procedural matters pertaining to the conduct of meetings, including voting at meetings, are governed by the Procedure By -Law. 5.5 Minutes of the Meetings and other Records Minutes and closed session records of all meetings of ONE JIB and reports of all ONE JIB committee meetings shall be kept. The Secretary to ONE JIB or the Secretary's designee shall be responsible for 40 20194110.3 Page 151 taking the minutes of the meeting and otherwise serving as secretary of the meeting. Procedures relating to approval, adoption and publication of minutes are contained in the Procedure By-law. The Secretary to ONE JIB shall be responsible for maintaining records of these Terms of Reference, minutes, closed session records and reports of meetings, copies of the agenda and materials provided to ONE JIB, copies of materials and written reports prepared by ONE JIB and copies of ONE JIB's own determinations. ONE JIB may satisfy this recordkeeping requirement by arranging for ONE Investment to keep such records. Other than as set out in Exhibit C, all the foregoing records shall be subject to disclosure in accordance with the Act and the Municipal Freedom of Information and Protection of Privacy Act. 6. CONFLICTS OF INTEREST 6.1 Application of the Municipal Conflict of Interest Act ONE JIB is a local board for purposes of the Municipal Conflict of Interest Act (MCIA) and Members are subject to this Act. A Member shall comply with this Act. 6.2 Duty to Disclose Members of ONE JIB are required to make disclosure of their direct and indirect pecuniary interests in accordance with the requirements of the MCIA and the Code of Conduct. The Code of Conduct contains additional specific provisions relating to disclosure of pecuniary interests. The Secretary to ONE JIB shall be available to assist Members of ONE JIB with the disclosure process. Furthermore, to the extent not covered by the provisions of the MCIA and the Code of Conduct, a Member shall disclose to ONE JIB and to ONE Investment any circumstances or relationships which exist at the time of appointment or which arise thereafter, which could constitute a conflict of interest. For purposes hereof, a conflict of interest includes circumstances or relationships, including serving on any other boards or commissions, which (a) a reasonable person would consider to constitute a conflict of interest which could interfere with the Member's ability to act in good faith and in the best interests of the Participating Municipalities; or (b) to a reasonable person would be expected to interfere with the Member's exercise of independent judgement. Having disclosed or declared a conflict of interest, the Member shall thereupon take direction from the Chair of ONE JIB who shall be advised by the Secretary to ONE JIB. 7. STANDARD OF CARE AND INDEMNITY 7.1 Standard of Care All Members of ONE JIB in exercising their powers and discharging their duties as a Member shall: act honestly and in good faith with a view to the best interests of each Participating Municipality; and exercise the degree of care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances. 41 20194110.3 Page 152 7.2 Indemnification All Members, their respective heirs, executors and assigns, (in each case, an "Indemnified Party") shall be indemnified by the Participating Municipalities for all liabilities, claims, damages, losses, costs and expenses incurred by them in connection with any action, suit or proceeding that is proposed or commenced or any other claim to which such Indemnified Party may be subject by reason of the management and control of the Managed Assets or otherwise arising out of or in connection with acting on behalf of the Participating Municipalities or in furtherance of the interests of the Participating Municipalities, except that this indemnity shall not apply to (a) losses arising from such Indemnified Party's own wilful misconduct or fraud, or (b) expenses of the Participating Municipalities that the Indemnified Party has agreed to bear. To the fullest extent permitted by law, expenses (including, without limitation, legal fees and expenses) incurred by an Indemnified Party in defending any claim, demand, action, suit or proceeding shall, from time to time, be advanced by the Participating Municipalities prior to the final disposition of such claim, demand, action, suit or proceeding upon receipt by the Participating Municipalities of an undertaking by or on behalf of the Indemnified Party to repay such amount if it shall be determined that the Indemnified Party is not entitled to be indemnified as authorized in this Section 7.2. Amounts required to be paid or advanced to an Indemnified Party under this Section 7.2 shall be paid by Participating Municipalities in such proportion as ONE JIB, on the recommendation of ONE Investment, considers to be fair and equitable in the circumstances. Further, the Members shall not be liable to ONE Investment or the Participating Municipalities or to any person for any loss or damages relating to any matter regarding ONE Investment and its investments, including any loss or diminution in the value of the Participating Municipalities' investments or assets. To the fullest extent permitted by law, expenses (including, without limitation, legal fees and expenses) incurred in defending any claim, demand, action, suit or proceeding shall, from time to time, be advanced by the Participating Municipalities prior to the final disposition of such claim, demand, action, suit or proceeding upon receipt by the Participating Municipalities of an undertaking by or on behalf of the Member to repay such amount if it shall be determined that the Member is not entitled to be indemnified. The foregoing indemnification applies only if the Member has acted in a manner consistent with the standard of care set out in Section 7.1 above. 7.3 Liability Unless otherwise required by applicable legislation, no Member shall be liable to ONE Investment or the Participating Municipalities or any other person if the Member complied with the standard of care set forth in Section 7.1, including reliance on advice in the manner contemplated in Section 3.8. 7.4 Insurance Each Member shall be entitled to an indemnity by ONE Investment and/or an affiliate of ONE Investment to the fullest extent permitted by applicable law. ONE JIB or ONE Investment may purchase and maintain (or reimburse individual Members for the cost of) insurance in such amounts and on such terms as are commercially reasonable on behalf of the Members against any liability that may be asserted against or expense that may be incurred by Members in connection with, or in any way related to, acting as Members of ONE JIB. 42 20194110.3 Page 153 8. FEES AND EXPENSES 8.1 Compensation The Founding Municipalities, together with ONE Investment, shall set the initial amount of compensation and expenses of the Members. After the initial compensation and expenses are set, the Members shall be entitled to receive such reasonable compensation and expenses for acting as Members of ONE JIB as ONE Investment, in consultation with ONE JIB, may from time to time determine. Such compensation may, but need not, include an annual retainer amount or stipend for acting as a Member, as well as compensation for attendance at information, continuing education and similar sessions at which no formal business is conducted. The compensation shall be set out in Exhibit D and amended from time to time as provided herein. ONE Investment must consider ONE JIB's most recent assessment of its compensation and ONE JIB's recommendations, if any, of the amount and type of compensation and expenses in setting the compensation of Members. In the event ONE JIB disagrees with ONE Investment's recommendation, ONE JIB shall discuss the issue with ONE Investment in a good faith attempt to reach an agreement. In determining the appropriate level of compensation, ONE Investment must consider: (a) the nature and complexity of the investments made by and on behalf of the Participating Municipalities; (b) the nature and extent of the workload of each Member, including the commitment of time and energy that is expected from each Member; (c) industry best practices, including industry averages and surveys on similar board compensation; and (d) the best interests of the Participating Municipalities. 8.2 Reimbursement of Expenses Members shall be entitled to reimbursement for their reasonable expenses incurred in attending meetings of ONE JIB and other out of pocket expenses incurred in connection with acting as a Member. ONE Investment will request production of receipts and documents supporting expenses. 9. CONFIDENTIALITY 9.1 Maintaining Confidentiality The definition of Confidential Information is found in the Code of Conduct. Each Member shall, in accordance with the Act and the Code of Conduct, protect the confidentiality, and prevent the unauthorized disclosure or use, of Confidential Information. Each Member shall promptly notify ONE JIB's Chair or ONE Investment of any advertent or inadvertent disclosure, misuse or misappropriation of Confidential Information of which the Member becomes aware. The Members shall not be subject to any confidentiality obligation in respect of any Confidential Information that is or was (i) information in the public domain; (ii) disclosed to the Member by a third person not subject to a confidentiality obligation to ONE JIB, ONE Investment or a Participating 43 20194110.3 Page 154 Municipality; (iii) approved by ONE JIB, ONE Investment or a Participating Municipality for disclosure to another person or the public; or (iv) required by law to be disclosed by the Member. 9.2 Public Statements and Dealing with Media In the event ONE JIB, or any of its Members, is contacted by the media or a regulator, in respect of any issue related to ONE Investment, the request will be referred to the Chair of ONE JIB or the Chair's designate. 10. AMENDMENTS 10.1 General A notice or document required to be sent to a Member or to ONE Investment may be sent by prepaid mail addressed to, or may be delivered personally or by courier to, the Member at the Member's latest address provided by the Member to ONE Investment, and to ONE Investment at: ONE Joint Investment Board or ONE Investment 155 University Ave., Suite 800 Toronto, ON M51-1 3137 Attention: The Secretary with copy to the Chair email: secretary@oneinvestment.ca h, (> or such other address as ONE Investment may notify each Member. A notice or document if mailed to a Member or ONE Investment shall be deemed to have been received at the time it would be delivered in the ordinary course of mail unless there are reasonable grounds for believing that the Member or ONE Investment did not receive the notice of the document at that time or at all. 10.2 Amendments ONE JIB may amend these Terms of Reference from time to time, in consultation with ONE Investment and in compliance with the provisions of the Agreement, including where applicable, receipt of approval or consent of Participating Municipalities. A decision by ONE JIB to propose to amend these Terms of Reference must be approved at a meeting of ONE JIB. ONE JIB shall provide ONE Investment with at least 30 days' notice of any such proposal to amend these Terms of Reference and ONE JIB must consider ONE Investment's recommendations relating to such proposed amendment. Upon expiry of the 30-day notice period, and subject to receipt of any other consents or approvals as may be required, ONE JIB may approve the proposed amendment at a meeting of ONE JIB, and such amendment shall be effective immediately thereafter. As soon as is practicable, ONE JIB shall notify ONE Investment that the proposed amendment has been approved and is in effect. Where relevant to the Participating Municipality, ONE JIB shall include a description of any material amendments to these Terms of Reference in its annual report to each Participating Municipality. ONE JIB may not amend these Terms of Reference (i) in a manner inconsistent with the Act and the Regulation and any other provisions of applicable Municipal Legislation, (ii) to give ONE JIB functions other than those prescribed by the Act and the Regulation, or (iii) other than as permitted by the Agreement and this Section 10.2. 44 20194110.3 Page 155 10.3 Electronic Delivery Provided the addressees have consented in writing or electronically, the notice requirements may be satisfied by creating and providing an electronic document. An electronic document is deemed to have been received when it enters the information system designated by the addressee (provided that it has been properly addressed) or, if the document is posted on or made available through a generally accessible electronic source, when the addressee receives notice in writing of the availability and location of that electronic document. 10.4 Computation of Time In computing the time when a notice or document must be given or sent under any provision requiring a specified number of days' notice of any meeting or other event, the day on which the notice or documents is given or sent shall be excluded and the day on which the meeting or other event occurs shall be included. 10.5 Omissions and Errors The accidental omission to give any notice or send any document or the non -receipt of any notice or document or any error in any notice or document not affecting the substance thereof shall not invalidate any action taken at any meeting held pursuant to such notice or otherwise founded on such notice or document. IM ..O 45 20194110.3 Page 156 EXHIBIT A ONE JOINT INVESTMENT BOARD CODE OF CONDUCT POLICY STATEMENT This Code of Conduct establishes standards of conduct for Members of the ONE Joint Investment Board ("ONE JIB") in the conduct of their official duties. It is a schedule to the agreement between ONE JIB, each Participating Municipality and ONE Investment under which all Participating Municipalities and ONE JIB agree to the terms pursuant to which ONE JIB will manage and control the money that is not required immediately of the Participating Municipalities (the "ONE JIB Agreement"). Unless the context otherwise requires, defined terms used herein have the meanings ascribed to such terms in the ONE JIB Agreement. In the event of a discrepancy or inconsistency between the provisions contained in the ONE JIB Agreement and those contained in this Code of Conduct, the ONE JIB Agreement shall prevail. APPLICATION This Code of Conduct applies to the Chair and the other Members of ONE JIB acting in their capacity as Members. This includes, but is not limited to, the conduct of Members in the following circumstances: • in relation to matters immediately before, and/or solely within the purview of ONE JIB; • when interacting with ONE JIB and ONE Investment staff and/or another Member; • in relation to business conducted by ONE JIB; • while on the premises of ONE JIB, whether such premises are owned, leased or simply occupied by ONE JIB; • during an event or function of ONE JIB; • while serving on any board, committee or other body to which the Member was appointed by ONE JIB; and • during a non -ONE JIB event or function where the Member has been expressly invited or is participating as a representative of ONE JIB. PURPOSE The purpose of this Code of Conduct is to set a standard of conduct for Members of ONE JIB as required by the Municipal Act, 2001 (the "Act"). Abiding by this standard helps to promote good governance and maintain public confidence in ONE JIB and the Participating Municipalities. 46 20194110.3 Page 157 1.0 DEFINITIONS 1.1 The following terms shall have the following meanings in this Code of Conduct: (a) "Act" means the Municipal Act, 2001, S.O. 2001, c. 25; (b) "Child" means a child born within or outside marriage and includes an adopted child and a person to whom a parent has demonstrated a settled intention to treat as a child of her or his family; (c) "Committee" means a committee or sub -committee established by ONE JIB; (d) "Confidential Information" means any non-public, proprietary or private information, related to the functions of ONE JIB, ONE Investment, the Participating Municipalities or any of the investment funds managed by ONE JIB or any agent of ONE JIB and, without limiting the foregoing, includes: (i) any such information provided orally, in writing or electronically, and (i i) all or any part of any documented information to the extent that any applicable legislation, including the Act and the Municipal Freedom of Information and Protection of Privacy Act, permits or requires such information, including personal information, to be private; (e) "Integrity Commissioner" means the Integrity Commissioner appointed by ONE JIB; (f) "Member" means a member of ONE JIB, including the Chair; (g) "MNPI" means material non-public information; (h) "Non -pecuniary Interest" means a private or personal interest that a Member may have that is non -financial in nature but that arises from a relationship with a person or entity that would be considered by a reasonable person, apprised of all the circumstances, as being likely to influence the Member's decision in any matter in which the Non -pecuniary Interest arises; (i) "ONE Investment" means the not -for -profit corporation founded by CHUMS Financing Corporation and Local Authority Services which provides certain management, administrative and other services to ONE JIB under the ONE Joint Investment Board Services Agreement made between ONE JIB and ONE Investment; (j) "ONE JIB" means the ONE Joint Investment Board that has been established under subsection 202(1) of the Act in accordance with Part II of O. Reg. 438/97, as constituted from time to time, acting pursuant to the ONE JIB Agreement; (k) "Parent" means a person who has demonstrated a settled intention to treat a child as a member of that person's family whether or not that person is the natural parent of the child; 47 20194110.3 Page 158 (1) "Participating Municipalities" means the municipalities for whom ONE JIB acts as the Joint investment Board under the terms of the ONE JIB Agreement from time to time; (m) "Pecuniary Interest" means a direct or indirect interest of a financial nature, including the interest of the Parent or Spouse or any Child of the Member, if known to the Member; and (n) "Spouse" means a person to whom a person is married or with whom the person is living in a conjugal relationship outside marriage. 2.0 STATEMENT OF PRINCIPLES 2.1 The following principles will guide Members and assist with the interpretation of this Code of Conduct: (a) Members shall serve the public in a conscientious and diligent manner; (b) Members shall always act with integrity, accountability and transparency, and shall avoid the improper use of influence in their office as well as conflicts of interest, both apparent and real; (c) Members shall perform their duties and arrange their private affairs in a manner that promotes public confidence and will stand up to public scrutiny; (d) Members shall observe and comply with the laws of Canada, Ontario and the laws and policies adopted by ONE JIB, including but not limited to the following: (i) Criminal Code, (ii) Municipal Act, 2001, (iii) Municipal Conflict of Interest Act, (iv) Municipal Freedom of Information and Protection of Privacy Act, (v) Occupational Health and Safety Act, (vi) Human Rights Code, (vii) Securities Act, (viii) ONE JIB Procedure By-law; and (e) Members shall be fair and respectful of differences and have a duty to work together for goodwill, the common good and the public interest. 2.2 The statements set out in Section 2.1 are key principles that are intended to facilitate an understanding, application and interpretation of the Code of Conduct — the principles are not operative provisions of the Code of Conduct and are not intended to be enforced independently as such. 48 20194110.3 Page 159 3.0 GENERAL DUTIES 3.1 In exercising the Member's powers and discharging her or his duties as a Member, each Member shall: (a) act honestly and in good faith with a view to the best interests of ONE JIB and the Participating Municipalities; (b) exercise the degree of care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances; (c) refrain from making: (i) any statement known to be false or with the intent to mislead ONE JIB, ONE Investment staff, the Participating Municipalities or the public, and (ii) any disparaging comment or unfounded and speculative accusation about the motives of another Member, ONE Investment staff, the Participating Municipalities or the public. 4.0 CONDUCT AT MEETINGS 4.1 Members will conduct themselves at all ONE JIB and Committee meetings with decorum and in accordance with ONE JIB's Procedure By-law and any other applicable procedural rules and policies. 5.0 CONFIDENTIAL INFORMATION 5.1 Members receive confidential information from a number of sources as part of their work. This includes information ONE JIB receives in confidence that falls under the privacy provisions of the Municipal Freedom of Information and Protection of Privacy Act and other applicable privacy laws as well as information received during closed meetings of ONE JIB or its Committees. It also includes information that a Member is restricted from using or disclosing under the Criminal Code, the Securities Act, or due to any contractual obligations or policies of ONE JIB or ONE Investment. (a) Members are only entitled to information in the possession of ONE JIB that is relevant to matters before ONE JIB or its Committees. (b) Members shall not use confidential information for personal or private gain or for the gain of any other person including, without limitation, a Parent, Spouse, Child, grandchild, friend or associate. (c) Members shall not directly or indirectly benefit, or aid others to benefit, from knowledge relating to the property and assets of ONE JIB, ONE Investment or any of the Participating Municipalities. 5.2 Without limiting the generality of any provision of Section 5.0, Members acknowledge that in the course of discharging their responsibilities, they may have access to MNPI about securities issuers, including public companies. All such MNPI is considered "confidential information." Any use of 49 20194110.3 Page 160 MNPI to make an investment decision or recommendation or to "tip" others who might make an investment decision on the basis of the MNPI is unethical and illegal and could result in civil and/or criminal penalties. If a Member learns of MNPI about an issuer, the Member must refrain from disclosing it (otherthan to another person with a need to know) or making use of such information in any manner until the information has been publicly disclosed or is no longer material. 5.3 Members shall not disclose the content of any confidential information, or the substance of confidential deliberations, of a closed meeting of ONE JIB or any of its Committees. Each Member has a duty to hold information received at closed meetings in strict confidence for as long and as broadly as the confidentiality applies. Members must not, either directly or indirectly, release, make public or in any way divulge any confidential information or any confidential aspect of closed ONE JIB or Committee deliberations to anyone, unless authorized by ONE JIB or as required by law. r ' 5.4 Members shall not disclose, use or release information in contravention of applicable privacy laws. 6.0 STAFF AND ONE JIB RELATIONS 6.1 ONE JIB, ONE Investment and the Participating Municipalities approve budgets, policies and other governance of ONE JIB through their by-laws, resolutions and other decisions. Individual Members do not direct or oversee the functions of ONE Investment staff. 6.2 Members shall respect the role of ONE Investment staff in the administration of the business affairs of ONE JIB. Members shall respect that: (a) staff provide advice and make policy recommendations in accordance with their professional ethics, expertise and obligations. Members shall not falsely or maliciously injure the reputation of staff members whether professional or ethical or otherwise; (b) staff serves ONE JIB as a whole, and the combined interests of all Members as evidenced through the decisions of ONE JIB. Members shall not: (c) make requests or statements or take actions which may be construed as an attempt to influence the independent administration of ONE JIB business, or (d) attempt to intimidate, threaten, or influence any staff member from carrying out that person's duties, including any duty to disclose improper activity; (e) staff carry out their duties based on political neutrality and without undue influence from any individual Member. Members shall not invite or pressure any member of staff to engage in partisan political activities or be subjected to discrimination or reprisal for refusing to engage in such activities. 7.0 DISCRIMINATION AND HARASSMENT 7.1 ONE JIB is committed to providing and maintaining a working environment that is based on respect for the dignity and rights of everyone acting in conjunction with ONE JIB and meeting its obligations under the Human Rights Code and the Occupational Health and Safety Act. It is ONE 50 20194110.3 Page 161 JIB's goal to provide a healthy, safe, and respectful work environment that is free from any form of harassment or discrimination. 7.2 All Members have a duty to treat members of the public, one another and ONE Investment staff with respect and without abuse, bullying or intimidation and to ensure that their work environment is free from discrimination, harassment and violence. This duty applies to all in - person activities and to all electronic communications, including the use of social media. 8.0 USE OF ONE JIB PROPERTY 8.1 ONE JIB and ONE Investment are the stewards of ONE JIB's assets. The Participating Municipalities and the community place their trust in ONE JIB to make decisions for the public good in relation to these assets. 8.2 By virtue of the Member's office or appointment, a Member shall not: (a) use or permit the use of ONE JIB or ONE Investment facilities, equipment, supplies, services, staff or other resources for activities other than ONE JIB's business; (b) seek financial gain for themself, or for any other person including, without limitation the Member's Parent, Spouse, Child, grandchild, friend or associate, from the use or sale of information owned by ONE JIB or ONE Investment or intellectual property, computer programs, web or social media accounts, technological innovations, or other patents, trademarks or copyright held by ONE JIB or ONE Investment; (c) use any information the Member may obtain about any proposed trading activity in, or other transaction involving, the investment portfolios of the Participating Municipalities to trade for her or his own account or for the account of any other person including, without limitation, the Member's Parent, Spouse, Child, grandchild, friend or associate in respect of which the Member has trading authority. 9.0 CONFLICTS OF INTEREST 9.1 Members shall take appropriate steps to avoid conflicts of interest, both apparent and real and are required to comply with the Municipal Conflict of Interest Act. Proactive steps to mitigate conflicts of interest are important to maintaining public confidence in Members, ONE JIB and the Participating Municipalities. 9.2 Members shall seek guidance from the Integrity Commissioner if they believe that they may have a conflict between their responsibilities to the public as a Member and any other Pecuniary Interest or Non -pecuniary Interest. 9.3 To the extent not covered by the Municipal Conflict of Interest Act or the ONE JIB Agreement, a Member shall disclose to ONE JIB and to ONE Investment any circumstances or relationships which exist at the time of appointment or which arise thereafter which could constitute an existing or potential conflict of interest. For this purpose, a potential conflict of interest includes 51 20194110.3 Page 162 circumstances or relationships, including serving on any other boards or commissions, which a reasonable person: (a) would consider to constitute a conflict of interest which could interfere with the Member's ability to act in good faith and in the best interests of ONE JIB and the Participating Municipalities; or (b) would expect to interfere with the Member's exercise of independent judgment. 10.0 BUSINESS RELATIONS 10.1 A Member shall not be a director or hold an executive position with any organization whose objectives and mandate are in conflict with, or may reasonably be perceived to be in conflict with, the objectives and mandate of ONE JIB. Before taking a new executive position, the Member shall inform the Chair and the Integrity Commissioner to obtain advice about the new circumstances. 10.2 A Member shall not act as a paid agent of ONE JIB or provide goods, consulting or other services to ONE JIB directly or indirectly through a partnership, professional or closely -held corporation. 10.3 If a Member becomes aware that an entity in which the Member has a material interest, as a director, employee or agent, may offer or provide goods, consulting or other services to ONE JIB, the Member shall: (a) disclose those circumstances to the Chair; and (b) seek written advice from the Integrity Commissioner about the application of the Municipal Conflict of Interest Act and whether, in consideration of the circumstances, the Member's ongoing membership is in the best interests of ONE JIB. In providing written advice pursuant to Section 10.3(b), the Integrity Commissioner shall consider the risk of harm to the reputation of ONE JIB and the Participating Municipalities. 10.4 Unless otherwise agreed to by ONE Investment and a majority of the Members, a Member shall resign from ONE JIB upon becoming aware of: (a) any personal circumstances that may have an adverse impact on the reputation of ONE JIB; (b) a material change in employment that may have an adverse effect on the Member's contribution to ONE JIB; or (c) a conflict of interest as described in Sections 9.0 or 10.0 resulting from the Member accepting a directorship with a financial institution or other corporation. 11.0 IMPROPER USE OF INFLUENCE 11.1 Members shall not use the influence of their office or appointment for any purpose other than the exercise of their official duties. 52 20194110.3 Page163 11.2 Members shall not use the status of their position to influence the decision of another person which may affect the Pecuniary Interest or Non -pecuniary Interest of themselves, or of any other person including, without limitation, a Parent, Spouse, Child, grandchild, friend or associate, or for the purpose of creating a disadvantage to another person. 12.0 GIFTS AND BENEFITS 12.1 Gifts to Members risk the appearance of improper influence. Gifts may appear to induce influence or create an incentive for Members to make decisions on the basis of relationships rather than in the best interests of ONE JIB or its Participating Municipalities. Members shall not accept a fee, advance, gift, gift certificate, cash or personal benefit connected directly or indirectly with the performance of the Member's duties. 12.2 A gift, benefit or hospitality that is connected directly or indirectly to the performance of the Member's duties provided with the Member's knowledge to a Member's Spouse, Child, Parent, grandchild or to a Member's friend or associate is deemed to be a gift to that Member. 12.3 Notwithstanding Section 12.1, Members shall be entitled to accept any gifts or benefits in their public capacity in the following circumstances: (a) compensation authorized by law; (b) gifts or benefits that normally accompany the responsibilities of office and are received as an incident of protocol or social obligation; (c) gifts or benefits given in recognition of services provided without compensation by Members volunteering their time; (d) a suitable memento at a function honouring the Member; (e) food, lodging, transportation and entertainment provided by: (i) provincial, regional or local governments or political subdivisions of them, (ii) the federal government, (iii) a foreign government within a foreign country, (iv) Association of Municipalities of Ontario, (v) Local Authority Services, (vi) Municipal Finance Officers' Association of Ontario, (vii) CHUMS Financing Corporation, (viii) ONE Investment, or (ix) a conference, seminar or event organizer where the Member is either speaking or attending in an official capacity; 53 20194110.3 Page 164 (f) participating in or consuming food and beverages at banquets, receptions, sporting events or similar functions, if: (i) attendance serves a legitimate business purpose, or supports a charitable cause in the community, a board of trade or chamber of commerce; (ii) the person extending the invitation or a representative of the organizing entity is in attendance; and (iii) the value is reasonable and the invitations infrequent; (g) gifts of nominal value (e.g. a baseball cap, t-shirt, flash drive, book); (h) any gift or personal benefit, if the Integrity Commissioner is of the opinion, before the gift or personal benefit has been accepted, that it is unlikely that receipt of the gift or benefit gives rise to a reasonable presumption that the gift or benefit was given in order to influence the Member in the performance of the Member's duties. 12.4 The exceptions set forth in Section 12.3 do not apply where the gifts or benefits are provided by potential administrators, custodians, payment servicers, portfolio managers, investment counsel, bankers, brokers, dealers or other agents as may be required to implement the Investment Plan in accordance with a Participating Municipality's Investment Policy Statement. 12.5 In the case of Sections 12.3 (b), (d), (e) and (f) of, if the value of the gift or benefit exceeds $500, or if the total value of gifts and/or benefits received from any one source during the course of a calendar year exceeds $500, the Member shall, within thirty (30) days of receipt of the gift or benefit or reaching the annual limit, file a disclosure statement with the Integrity Commissioner. The disclosure statement will be a matter of public record. The disclosure statement shall provide the following information: (a) the nature of the gift or benefit; (b) its source and date of receipt; (c) the circumstances under which it was given or received; (d) its estimated value; (e) what the Member intends to do with the gift or benefit; and (f) whether the gift or benefit will at any point be left with ONE JIB or ONE Investment. 12.6 On receiving a disclosure statement, the Integrity Commissioner shall examine it to ascertain whether receipt of the gift or benefit might, in her or his opinion, create a conflict between a private interest and the public duty of the Member. In the event that the Integrity Commissioner makes this preliminary determination, the Integrity Commissioner shall call upon the Member to justify receipt of the gift or benefit. 54 20194110.3 Page165 12.7 Should the Integrity Commissioner determine that receipt was inappropriate, the Integrity Commissioner may direct the Member to return the gift or benefit, reimburse the donor for the value of the gift or benefit if already consumed, or forfeit the gift or benefit or remit the value of the gift or benefit if already consumed to ONE JIB or ONE Investment. 12.8 Except in the cases of Sections 12.3 (a) and (e), a Member may not under any circumstances accept a gift or benefit worth in excess of $750 or gifts and benefits worth in the aggregate in excess of $750 from one source during a calendar year. 13.0 COMMUNICATION 13.1 Members shall seek to advance the public interest with honesty and refrain from making any statement through any medium (including and without limiting the generality of the foregoing, through any social media platform) to Participating Municipalities, other stakeholder groups, the media or the public unless such statement is authorized by the Chair of ONE JIB or the Chair's delegate. 14.0 ELECTION ACTIVITY Lq 14.1 Members are required to conduct themselves in accordance with elections legislation as may be amended from time to time, and any ONE JIB policies. The use of ONE JIB resources, including property and ONE Investment staff time, for any election -related activity is strictly prohibited. Election -related activity applies to the Member's campaign and any other election campaigns for municipal, provincial or federal office. 15.0 INTEGRITY COMMISSIONER'S ADVICE 15.1 It is the duty of the Member to seek the Integrity Commissioner's written advice on any potential situation where the Member might reasonably be expected to be in contravention of this Code of Conduct. 15.2 Any written advice given to a Member by the Integrity Commissioner binds the Integrity Commissioner in any subsequent consideration of the conduct of the Member in the same matter as long as all the relevant facts known to the Member were disclosed to the Integrity Commissioner and the facts remain unchanged. 16.0 RESPONSIBILITIES 16.1 Members shall: (a) consult with the Integrity Commissioner if they need any advice or clarification regarding their obligations under this Code of Conduct; and (b) adhere to the provisions of this Code of Conduct and ensure compliance with all applicable legislation as well as all procedures, rules or policies of ONE JIB governing their ethical behaviour. 55 20194110.3 Page 166 16.2 The Integrity Commissioner shall: (a) investigate complaints related to a Member's alleged contravention of this Code of Conduct; (b) provide written advice to Members with respect to their obligations under the Code of Conduct and the Municipal Conflict of Interest Act; (c) provide educational information about the Code of Conduct and the Municipal Conflict of Interest Act; and (d) provide such advice and opinions as may be from time to time requested by ONE JIB. 17.0 CONTRAVENTION 17.1 The Integrity Commissioner shall establish a complaint protocol to investigate complaints of contraventions by Members of this Code of Conduct and sections 5, 5.1 and 5.2 of the Municipal Conflict of Interest Act. 17.2 Members shall not act in reprisal or threaten reprisal against a person who makes a complaint, files an application or provides information to the Integrity Commissioner during an investigation. 17.3 Members are expected to cooperate with requests for information during investigations relating to the Code of Conduct and the Municipal Conflict of Interest Act. Members shall not destroy documents or erase electronic communications or refuse to respond to the Integrity Commissioner where a complaint has been lodged under the Code of Conduct, the Municipal Conflict of Interest Act or any process for complaints adopted by ONE JIB. 17.4 Where a report is received from the Integrity Commissioner that there has been a contravention of the Code of Conduct, ONE JIB may impose either of the following penalties on the Member as permitted by the Act: (a) a reprimand; or (b) a suspension of the remuneration paid to the Member in respect of the Member's services on ONE JIB for a period up to 90 days. 17.5 ONE JIB may, on the basis of a recommendation from the Integrity Commissioner, also take any or all of the following corrective or remedial actions, and require that the Member: (a) provide a written or verbal apology; (b) return property or make reimbursement of its value or of money spent; (c) be removed from or not be appointed to the membership on a Committee; (d) be removed from or not be appointed as chair of a Committee; and (e) comply with any other remedial or corrective action or measure deemed appropriate by the Integrity Commissioner. 56 20194110.3 Page 167 18.0 COMPLAINT PROTOCOL 18.1 The Complaint Protocol is Appendix "A" to this Code of Conduct and applies to Complaints (as defined in Appendix "A") under this Code of Conduct and the Municipal Conflict of Interest Act. a AV\w CJ 57 20194110.3 Page168 APPENDIX A ONE JOINT INVESTMENT BOARD CODE OF CONDUCT COMPLAINT PROTOCOL Defined terms used herein, unless the context otherwise requires, have the meanings ascribed to such terms in the Code of Conduct. In the event of a discrepancy or inconsistency between the provisions contained in the Code of Conduct and those contained in this Complaint Protocol, the Code of Conduct shall prevail. PART A - INFORMAL COMPLAINT PROCEDURE 1. Any individual who identifies or witnesses behaviour or activity by a Member that they believe contravenes the Code of Conduct may seek to address the prohibited behaviour or activity themselves in the following manner by following the Informal Complaint Procedure: (a) document the incident(s) where the Member may have contravened the Code of Conduct including dates, times, locations, other persons present, and any other relevant information; (b) advise another person about the concerns regarding the Member's actions, to corroborate the incident; (c) advise the Member that the behaviour or activity appears to contravene the Code of Conduct; (d) identify to the Member the specific provision(s) of the Code of Conduct that may have been contravened; (e) encourage the Member to acknowledge and agree to stop the prohibited behaviour or activity and to undertake to refrain from future occurrences of the prohibited behaviour or activity; (f) if applicable: (i) confirm to the Member that the Member's response is satisfactory, or (ii) advise the Member that the Member's response is unsatisfactory; (g) consider the need to pursue the matter in accordance with the Formal Complaint Procedure set out in Part B, or in accordance with any other applicable judicial or quasi- judicial process or complaint procedure. 2. Individuals are encouraged to pursue the Informal Complaint Procedure as the first means of remedying behaviour or activity of a Member that they believe contravenes the Code of Conduct. 3. The Integrity Commissioner may be requested to assist in an attempt to settle or resolve the issue with the Member and the individual but will participate only if both parties have consented. 58 20194110.3 Page 169 4. The Informal Complaint Procedure is not a precondition or a prerequisite to pursuing the Formal Complaint Procedure related to the Code of Conduct set out in Part B. PART B - FORMAL COMPLAINT PROCEDURE Formal Complaints 5.(1) Any individual who identifies or witnesses behaviour or activity by a Member that they reasonably believe contravenes the Code of Conduct may file a formal complaint ("Complaint") to request an inquiry by the Integrity Commissioner as to whether a Member has contravened the Code of Conduct in accordance with the following requirements: (a) a Complaint shall be in writing on the prescribed form (Formal Complaint Form # 1 attached hereto) and shall be dated and signed by an identifiable individual (the "complainant"); (b) the Complaint must set out reasonable and probable grounds for the allegation that the Member has contravened the Code of Conduct and must be accompanied by a supporting sworn affidavit setting out the evidence in full in support of the allegation; and (c) Members of ONE JIB may also file a Complaint against any of its Members of an alleged contravention of the Code of Conduct by passing a resolution requesting the Integrity Commissioner to undertake an inquiry. (2) An elector, as defined in section 1 of the Municipal Conflict of Interest Act, or a person demonstrably acting in the public interest (collectively, a "complainant") may file a formal application requesting that the Integrity Commissioner carry out an inquiry concerning an alleged contravention of section 5, 5.1 or 5.2 of that statute by a Member in accordance with the following requirements: (a) an application (also referred to as a "Complaint" herein) shall be in writing on the prescribed form (Complaint Form #2 attached hereto), dated and signed by an identifiable individual; (b) the application shall include a statutory declaration attesting to the fact that: (i) the complainant became aware of the contravention not more than six (6) weeks before the date of the application, or (ii) in the case where the complainant became aware of the alleged contravention during the period of time described in paragraph 1 of subsection 223.4.1(5) of the Municipal Act, 2001, that the complainant became aware of the alleged contravention during that period of time; (c) ONE JIB may also pass a resolution requesting the Integrity Commissioner to undertake an inquiry respecting an alleged contravention of section 5, 5.1 or 5.2 of the Municipal Conflict of Interest Act by a Member and provide a statutory declaration as required by Section 5(2) to be sworn by a Member of ONE JIB. 59 20194110.3 Page 170 (3) Complainants who file a formal Complaint under Sections 5(1) or 5(2) must provide a full and complete record of evidence to substantiate or support the allegations set out in the Complaint to the Integrity Commissioner who is under no obligation whatsoever to, but may, seek additional information. Filing of Complaint and Classification by Integrity Commissioner 6.(1) The Complaint may be filed with the Integrity Commissioner by hard copy or by e-mail at the following mailing or email addresses: John Mascarin Aird & Berlis LLP 181 Bay Street, Suite 1800 Toronto, ON M5J 2T9 Email: jascarin@airdberlis.com , Tel: 416-865-7721 (2) The Integrity Commissioner shall initially classify the Complaint to determine if the matter is, on its face, a Complaint with respect to a contravention of the Code of Conduct and not covered by other legislation or other ONE JIB procedures, policies or rules as set out in Section 7 or whether it is a Complaint with respect to an alleged contravention of section 5, 5.1 or 5.2 of the Municipal Conflict of Interest Act. Complaints Outside Integrity Commissioner's Jurisdiction or Not for Investigation 7.(1) If the Complaint, including the supporting affidavit or the statutory declaration, is not, on its face, a Complaint with respect to a contravention of the Code of Conduct or the Complaint relates to matters addressed by other legislation under another procedure, policy or rule of ONE JIB or whether it is a Complaint with respect to an alleged contravention of section 5, 5.1 or 5.2 of the Municipal Conflict of Interest Act, the Integrity Commissioner shall advise the complainant in writing as follows: Criminal Matter V AL (a) if the Complaint is, on its face, an allegation of a criminal nature consistent with the Criminal Code, the complainant shall be advised that: (i) the Integrity Commissioner will refer it to the appropriate police service, or (ii) the complainant may pursue it with the appropriate police service if the complainant wishes to pursue any such allegation; Municipal Freedom of Information and Protection of Privacy Act (b) if the Complaint is more appropriately addressed under the Municipal Freedom of Information and Protection of Privacy Act, the complainant shall be advised that the matter must be referred to the Secretary to deal with under any access and privacy policies of ONE JIB under that statute; 60 20194110.3 Page 171 Other Procedure, Policy or Rule Applies (c) if the Complaint appears to fall within the scope of another procedure, policy or rule of ONE JIB, the complainant shall be advised to pursue the matter under such procedure, policy or rule with the appropriate official or staff member; and Lack of Jurisdiction (d) if the Complaint is, for any other reason not within the jurisdiction of the Integrity Commissioner (for example, it relates to a decision of ONE JIB as a whole and not one or more individual Members), the complainant shall be so advised and provided with any additional reasons and referrals, if any, as the Integrity Commissioner considers appropriate. (2) If it becomes apparent to the Integrity Commissioner at any time that the Complaint with respect to a contravention of the Code of Conduct or with respect to an alleged contravention of section 5, 5.1 or 5.2 of the Municipal Conflict of Interest Act, relates to any of the following matters, the Integrity Commissioner shall advise the complainant in writing as follows: Matter Already Pending (a) if the Complaint is in relation to a matter which is subject to an outstanding complaint under another process such as a court proceeding, a human rights or workplace harassment complaint or similar process, or to a civil matter that is pending before the courts, the Integrity Commissioner may, in his/her sole discretion, suspend any investigation, in whole or in part, pending the result of the other process; Similar Matter Already Pending (b) if the Complaint is in relation to a similar matter which is subject to an outstanding Complaint before the Integrity Commissioner, the Integrity Commissioner may, in his/her sole discretion, consider the matter in conjunction with the similar matter or deal with it separately, including not undertaking an inquiry if the matter can be adequately addressed in any report and/or recommendations made with respect to the Complaint in the similar matter; and Other Ethical Code or Policy Applies (c) if the Complaint is in relation to a matter which is governed by a code of conduct, ethical code or similar procedure or policy of another body or entity which also governs the Members (for example, another professional or regulatory body to which the Member may belong), the Integrity Commissioner shall consider the most appropriate forum for the Complaint and may, in his/her sole discretion, defer consideration of the matter pending any determination made by the other body or entity and shall so advise the complainant and, if necessary, the Member. (3) Nothing in Section 7 precludes the Integrity Commissioner from reporting to ONE JIB any matter that is suspended, summarily dismissed, terminated or not otherwise investigated. 61 20194110.3 Page 172 Limitation Period 8.(1) The Integrity Commissioner shall not accept a Complaint under the Code of Conduct for which the event giving rise to the Complaint occurred or came to the attention of the complainant more than six (6) months prior to the date of the filing of the Complaint. The complainant must establish that the event giving rise to the Complaint occurred and/or came to the complainant's attention within six (6) months of the Complaint being filed in accordance with Section 6. (2) The Integrity Commissioner shall not accept an application with respect to an alleged contravention of section 5, 5.1 or 5.2 of the Municipal Conflict of Interest Act except in accordance with the requirements of subsections 8(2)-(7) of that statute and section 223.4.1 of the Municipal Act, 2001. Refusal to Conduct Investigation eu 9.(1) The Integrity Commissioner has a discretion as to whether to carry out an investigation. If the Integrity Commissioner is satisfied at any time, after considering the information contained in the Complaint, that the Complaint: (a) is frivolous or vexatious, (b) is not made in good faith, (c) constitutes an abuse of process, (d) discloses no grounds or insufficient grounds for an investigation, (e) does not warrant a full investigation, or (f) is not otherwise in the public interest, the Integrity Commissioner shall not be required to conduct an investigation and may summarily dismiss the Complaint, and, where this becomes apparent during the course of an investigation, the Integrity Commissioner shall terminate the inquiry and provide notice to the complainant and, if necessary, to the Member. The Integrity Commissioner shall report the refusal to conduct an investigation to ONE JIB. Opportunities for Resolution 10. Following receipt and review of a formal Complaint or at any time during an investigation where the Integrity Commissioner, in the discretion of the Integrity Commissioner, believes that an opportunity to resolve the matter may be successfully pursued without a formal investigation, and both the complainant and the Member agree, efforts may be pursued to achieve an informal resolution. Investigation 11.(1) The Integrity Commissioner may proceed as follows, except where the Integrity Commissioner has a full factual record and believes, in the sole discretion of the Integrity Commissioner, that no 62 20194110.3 Page 173 additional information is required, or where otherwise required by the Public Inquiries Act, 2009, or where the Integrity Commissioner has not otherwise terminated the inquiry: (a) provide the Member with a copy of the Complaint but not disclose: (i) the identity of the complainant, or (ii) the identity of any witnesses set out in the Complaint or persons that are to be questioned/interviewed by the Integrity Commissioner, unless it is essential for the Member to adequately respond to the Complaint, which determination shall be made in the Integrity Commissioner's sole and absolute discretion; (b) request that the Member provide a written response to the allegations in the Complaint to the Integrity Commissioner within seven (7) days; (c) provide a copy of the Member's response to the complainant with a request that any written reply be provided by the complainant to the Integrity Commissioner within seven (7) days. (2) If necessary, after reviewing the submitted materials, the Integrity Commissioner may contact and speak to or correspond with any other persons, access and examine any other documents or electronic materials, including any materials on ONE JIB's computers and servers, and may enter any ONE JIB work location relevant to the Complaint for the purpose of investigation and potential resolution. (3) Preliminary or proposed finding(s) may be provided to a Member if the Integrity Commissioner considers that the Member may have contravened the Code of Conduct. (4) The Integrity Commissioner may, but is under no obligation, to provide the Member and the complainant with a draft of the proposed final report on the Complaint. (5) The Integrity Commissioner may make interim reports to ONE JIB where the Integrity Commissioner considers it necessary or required to address any instances of interference, obstruction, intimidation, delay, reprisal or retaliation by the Member or by any other person encountered during the formal Complaint investigation, and may also disclose such information as is necessary in the Integrity Commissioner's opinion for the purposes of the interim report(s). (6) The Integrity Commissioner is entitled to make such additional inquiries and provide such additional reports to ONE JIB where necessary and as required to address any instances of non- compliance with any decision of ONE JIB including the failure to comply with any penalties or corrective measure or actions imposed by ONE JIB. (7) The Integrity Commissioner shall retain all records related to the Complaint and investigation but may provide copies of certain records, in confidence, to ONE JIB's administrative staff who are required to ensure that any such records are securely and confidentially retained. 63 20194110.3 Page 174 No Complaint Prior to Municipal Election 12.(1) Notwithstanding any other provision of this Complaint Protocol, no Complaint may be filed with the Integrity Commissioner, no report shall be made by the Integrity Commissioner to ONE JIB during the period of time starting on nomination day for a regular municipal election year, as set out in section 31 of the Municipal Elections Act, 1996 and ending on the voting day in a regular election as set out in section 5 of the Municipal Elections Act, 1996. (2) If the Integrity Commissioner has received a Complaint and has commenced an inquiry but has not completed the inquiry before nomination day in a regular municipal election year, the Integrity Commissioner shall terminate the inquiry on nomination day but may commence an inquiry in respect of the same Complaint if within six (6) weeks after the voting day in a regular municipal election the individual who made the request makes a written request to the Integrity Commissioner in accordance with subsection 223.4(8) of the Municipal Act, 2001. Advice Provided to Member by Integrity Commissioner 13.(1) Subject to Section 13(2), a Member is entitled to rely upon any written advice given by the Integrity Commissioner to the Member respecting the Code of Conduct in any subsequent consideration of the conduct of the Member in the same matter provided that the Member fully disclosed in writing all relevant facts known to the Member to the Integrity Commissioner and acted in accordance with the written advice provided by the Integrity Commissioner. (2) If the Integrity Commissioner applies to a judge under section 8 of the Municipal Conflict of Interest Act for a determination as to whether the Member contravened section 5, 5.1 or 5.2 of the Municipal Conflict of Interest Act, the Member is entitled to advise the judge of any written advice given by the Integrity Commissioner provided that the Member fully disclosed in writing all relevant facts known to the Member to the Integrity Commissioner and acted in accordance with the written advice provided by the Integrity Commissioner. (3) A Member under investigation by the Integrity Commissioner shall not request advice from the Integrity Commissioner as to the Member's rights under the Code of Conduct, the Municipal Conflict of Interest Act or generally at law with respect to any specific matter that the Integrity Commissioner is investigating or reviewing with respect to the Member, nor is the Member entitled to rely upon any statement(s) made by the Integrity Commissioner during the course of any investigation or review that may impact the Member's rights under the Code of Conduct, the Municipal Conflict of Interest Act or generally at law. (4) If a Member under investigation by the Integrity Commissioner requests advice, such request shall be delegated in writing to any person other than a Member that the Integrity Commissioner, in consultation with ONE JIB, considers capable of providing informed advice to the Member. (5) If the Integrity Commissioner applies to a judge under section 8 of the Municipal Conflict of Interest Act for a determination as to whether the Member contravened section 5, 5.1 or 5.2 of the Municipal Conflict of Interest Act, the Integrity Commissioner is entitled to recommend and advocate for penalties to the judge under subsection 9(1) of the Municipal Conflict of Interest Act. 64 20194110.3 Page175 Authority to Abridge or Extend 14. Notwithstanding any timeline or time limit set out in the Code of Conduct or this Complaint Protocol, the Integrity Commissioner shall retain the right to abridge or extend any timeline or time limit therein if the Integrity Commissioner considers it, in the sole and absolute discretion of the Integrity Commissioner, to be in the public interest. Investigation Report 15.(1) The Integrity Commissioner shall report to the complainant and the Member no later than ninety (90) days after the official receipt of any Complaint under the Code of Conduct. If the investigation process is anticipated to or takes more than ninety (90) days, the Integrity Commissioner shall provide a brief interim report to ONE JIB and advise the parties of the approximate date the report will be available. The Integrity Commissioner may also, at the discretion of the Integrity Commissioner, advise any witnesses or other persons of the approximate date the report will be available. (2) Where the Complaint is sustained in whole or in part, the Integrity Commissioner shall report to ONE JIB outlining the findings, the terms of any settlement and/or any recommended remedial or corrective measure or action. (3) The Integrity Commissioner may provide a copy of the report to the complainant and the Member whose conduct has been investigated in advance of the public release of the report, in strict confidence until the report is publicly released. The Member shall have the right to address the report if it is considered appropriate by ONE JIB. (4) Where the Complaint is not sustained, the Integrity Commissioner is not obligated to report to ONE JIB on the result of the investigation or any findings but may do so at the discretion of the Integrity Commissioner and may also include such information as the Integrity Commissioner deems necessary in a report or as part of an annual or other periodic report by the Integrity Commissioner. (5) The Integrity Commissioner shall complete the investigation under the Municipal Conflict of Interest Act no later than one hundred and eighty (180) days after the official receipt of any application validly made under Section 5(2). Findings IL X 16.(1) If the Integrity Commissioner determines that: (a) there has been no contravention of the Code of Conduct, or section 5, 5.1 or 5.2 of the Municipal Conflict of Interest Act, or (b) a contravention occurred but: (i) the Member took all reasonable measures to prevent it, including having sought and followed the advice of the Integrity Commissioner; (ii) it was trivial, 65 20194110.3 Page 176 (iii) it was committed through inadvertence, or (iv) it resulted from an error in judgment made in good faith, the Integrity Commissioner may so state in the report and may make appropriate recommendations pursuant to the Municipal Act, 2001, including, but not limited to, a recommendation of no penalty or remedial measures or corrective actions. (2) If the Integrity Commissioner: (a) considers it appropriate, once the Integrity Commissioner has concluded the investigation under Section 5(2), the Integrity Commissioner may apply to a judge under section 8 of the Municipal Conflict of Interest Act for a determination as to whether the Member has contravened section 5, 5.1 or 5.2 of that statute; or (b) does not proceed with an application to the judge, the Integrity Commissioner shall so advise the complainant and the Member in writing. (3) The Integrity Commissioner shall provide a written report to ONE JIB providing the reasons for the decision of the Integrity Commissioner under Section 16(2). Report to ONE JIB 17.(1) Upon receipt of a report from the Integrity Commissioner with respect to the Code of Conduct, the Secretary shall place the report on the next regular meeting agenda of ONE JIB for consideration by ONE JIB. (2) A report from the Integrity Commissioner may also be considered by ONE JIB in advance of its next regular meeting should ONE JIB agree to hold a special or other meeting before its next regular meeting to consider the report. Duty of ONE JIB 18. ONE JIB shall consider and make a determination on the Integrity Commissioner's report under Section 17 at the same meeting at which the report is tabled. Public Disclosure 19.(1) The Integrity Commissioner and every person acting under instructions of the Integrity Commissioner shall preserve confidentiality where appropriate and where it does not interfere with the course of any investigation, except as required by law and as required by this Complaint Protocol. (2) The Integrity Commissioner shall retain all records related to the Complaint and investigation although copies may be provided to ONE JIB's administrative staff, subject to the duty of confidentiality under subsection 223.5 of the Municipal Act, 2001. (3) The identity of the Member who is the subject of the Complaint shall not be treated as confidential information in the Integrity Commissioner's report to ONE JIB. The identity of the complainant 66 20194110.3 Page 177 and of any other person, including any witnesses, may be disclosed if deemed appropriate and necessary by the Integrity Commissioner, if consented to by the complainant or any other person, or such information has already been publicly disclosed. (4) All reports from the Integrity Commissioner to ONE JIB shall be made available to the public by the Secretary. Delegation by Integrity Commissioner 20. The Integrity Commissioner, in consultation with ONE JIB, may delegate in writing to any person, other than a Member of ONE JIB, any of the Integrity Commissioner's powers and duties under Part VA of the Municipal Act, 2001. Complaint Protocol Applicable to Committees 21. The provisions of this Complaint Protocol shall apply, with modifications as necessary, to all committees or sub -committees of ONE JIB and their members. 67 20194110.3 Page178 Code of Conduct — Formal Complaint Form # 1 AFFIDAVIT of the MAKE OATH AND SAY (or AFFIRM): 1. 1 reside at: may be contacted at telephone: and email: 2. 1 have reasonable and probable grounds to believe that: (first and last name), in the Province of Ontario. (full address) and (name of Member), a member of ONE Joint Investment Board has contravened the following section(s) of the Code of Conduct of ONE Joint Investment Board: . The particulars of which are attached hereto. 3. Facts constituting the alleged contravention (use separate page if required) 68 20194110.3 Page 179 This affidavit is made for the purpose of requesting that this matter be reviewed and/or investigated by ONE Joint Investment Board's Integrity Commissioner and for no other purpose. SWORN (or AFFIRMED) before me at the of on (date) (Signature) A Commissioner for taking affidavits etc. Please note that signing a false affidavit may expose you to prosecution under ss. 131 and 132 or 134 of the Criminal Code, R.S.C. 1985, c. C-46 and also to civil liability for defamation. Ll 20194110.3 Page 180 Municipal Conflict of Interest Act— Complaint Form # 2 I I SOLEMNLY DECLARE THAT: 1. 1 reside at: be contacted at telephone: STATUTORY DECLARATION (first and last name), of the in the Province of Ontario. and email: 2. 1 have reasonable and probable grounds to believe that: (full address) and may (specify name of Member), a member of ONE Joint Investment Board, has contravened the following section(s) of the Municipal Conflict of Interest Act, R.S.O. 1990, c. M.50: 3. 1 became aware of the facts constituting the alleged contravention not more than six (6) weeks ago and they comprise the following: (use separate page if required) 70 20194110.3 Page 181 This declaration is made for the purpose of requesting that this matter be investigated by ONE Joint Investment Board's Integrity Commissioner and for no other purpose. DECLARED before me at ) the of on ) (date) ) A Commissioner for taking affidavits etc. ) (Signature) Please note that signing a false declaration may expose you to prosecution under ss. 131 and 132 or 134 of the Criminal Code, R.S.C. 1985, c. C-46 and also to civil liability for defamation Ll 71 20194110.3 Page 182 EXHIBIT B CLOSED MEETINGS PERMITTED OR REQUIRED The provisions of the Act, as amended from time, currently provide that except as provided in section 239 of the Act, all meetings shall be open to the public. A meeting or part of a meeting may be closed to the public in accordance with section 239 of the Act if the subject matter being considered is, • the security of the property of ONE JIB; • personal matters about an identifiable individual, including ONE JIB employees; • a proposed or pending acquisition or disposition of land by ONE JIB; • labour relations or employee negotiations; • litigation or potential litigation, including matters before administrative tribunals, affecting ONE JIB; • advice that is subject to solicitor -client privilege, including communications necessary for that purpose; • a matter in respect of which ONE JIB may hold a closed meeting under another Act; • information explicitly supplied in confidence to ONE JIB by Canada, a province or territory or a Crown agency of any of them; • a trade secret or scientific, technical, commercial, financial or labour relations information, supplied in confidence to ONE JIB, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization; • a trade secret or scientific, technical, commercial or financial information that belongs to ONE JIB and has monetary value or potential monetary value; • a position, plan, procedure, criteria or instruction to be applied to any negotiations carried on or to be carried on by or on behalf of ONE JIB; A meeting of ONE JIB or of a committee of ONE JIB may be closed to the public if the meeting is held for the purpose of educating or training the members provided no member discusses or otherwise deals with any matter in a way that materially advances the business or decision -making of ONE JIB or committee. A meeting may be closed to the public during a vote if the meeting is one that is closed to the public in accordance with this Exhibit B and if the vote is for a procedural matter or for giving instructions to officers, employees or agents of ONE JIB or a committee of ONE JIB or persons retained by or under a contract with ONE JIB. 72 20194110.3 Page 183 A meeting or part of a meeting shall be closed to the public in accordance with section 239 of the Act if the subject matter being considered is, • a request under the Municipal Freedom of Information and Protection of Privacy Act if ONE JIB is the head of an institution for the purposes of that Act; or • an ongoing investigation respecting ONE JIB by the Ombudsman appointed under the Ombudsman Act, an Ombudsman referred to in subsection 223.13(1) of the Act, or the investigator referred to in subsection 239.2(1) of the Act. 73 20194110.3 Page 184 EXHIBIT C ONE JIB MAY REFUSE DISCLOSURE OF A RECORD The provisions of the Municipal Freedom of Information and Protection of Privacy Act, as amended from time to time, currently provide that ONE JIB may refuse to disclose a record: • that reveals the substance of deliberations of a meeting of ONE JIB or a committee of ONE JIB if a statute authorizes holding that meeting in the absence of the public. • if the disclosure would reveal advice or recommendations of an officer or employee of an institution or a consultant retained by an institution. • that reveals a trade secret or scientific, technical, commercial, financial or labour relations information, supplied in confidence implicitly or explicitly, if the disclosure could reasonably be expected to, (a) prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization; (b) result in similar information no longer being supplied to ONE JIB where it is in the public interest that similar information continue to be so supplied; (c) result in undue loss or gain to any person, group, committee or financial institution or agency; or • that contains, (a) trade secrets or financial, commercial, scientific or technical information that belongs to an institution and has monetary value or potential monetary value; (b) information whose disclosure could reasonably be expected to prejudice the economic interests of an institution or the competitive position of an institution; (c) information whose disclosure could reasonably be expected to be injurious to the financial interests of an institution; (d) positions, plans, procedures, criteria or instructions to be applied to any negotiations carried on or to be carried on by or on behalf of an institution; (e) plans relating to the management of personnel or the administration of an institution that have not yet been put into operation or made public; (f) information including the proposed plans, policies or projects of an institution if the disclosure could reasonably be expected to result in premature disclosure of a pending policy decision or undue financial benefit or loss to a person. 74 20194110.3 Page185 EXHIBIT D COMPENSATION FOR ONE JIB MEMBERS • The Chair of ONE JIB will receive an annual $15,000 retainer and $1,100 per board meeting. • The Vice Chair of ONE JIB will receive an annual $10,000 retainer and $1,100 per board meeting. • Board members of ONE JIB will receive an annual $5,000 retainer and $1,100 per board meeting. • All Board members of ONE JIB will also be remunerated $500 for attending business meetings of ONE JIB. • Subject to the member complying with all relevant requirements of the member's municipality, the Municipal Treasurer members, who are municipal employees, will have the annual retainer and Board and Business meeting fees paid directly to the municipality for which they are employed. 75 20194110.3 Page 186 EXHIBIT E PROCESS TO APPOINT INTEGRITY COMMISSIONER AND CLOSED MEETING INVESTIGATOR Initial Appointment of Integrity Commissioner and Closed Meeting Investigator 1. Prior to the effective date of the ONE JIB Agreement (July 2, 2020) the Founding Municipalities directed ONE Investment to conduct a Request for Proposal ("RFP") process to retain the services of an initial Integrity Commissioner and an initial Closed Meeting Investigator for ONE JIB. 2. The Secretary to ONE JIB worked with a member of ONE Investment staff and two representatives of the Founding Municipalities' clerks (the "Initial Appointment Subcommittee") on the RFP. The results of the RFP were shared with the Founding Municipalities. 3. The candidates recommended by the Initial Appointment Subcommittee were submitted to ONE JIB during its initial meeting on May 19, 2020 and thereafter ONE JIB appointed an initial Integrity Commissioner in accordance with section 223.3 of the Act and an initial Closed Meeting Investigator in accordance with section 239.2 of the Act. Successor Integrity Commissioner and Successor Closed Meeting Investigator 4. In the event that ONE JIB determines that the appointment of a successor Integrity Commissioner or Closed Meeting Investigator is required it shall direct ONE Investment to conduct an RFP process in consultation with a committee comprised of the Secretary to ONE JIB, a member of ONE Investment staff and two representatives of the Participating Municipalities' clerks (the "Successor Appointment Committee"), to retain the services of a successor Integrity Commissioner and a successor Closed Meeting Investigator, the results of which RFP shall be shared with the Participating Municipalities. 5. ONE JIB shall consider the candidate(s) recommended by the Successor Appointment Committee at its first meeting after receipt of such recommendation(s). 6. ONE JIB shall appoint a successor Integrity Commissioner and/or successor Closed Meeting Investigator and enter into appropriate agreements with each such successor and subsequently notify the Participating Municipalities of the identity of the successor Integrity Commissioner and/or the successor Closed Meeting Investigator, as applicable. 76 20194110.3 Page 187 SCHEDULE D FEES AND EXPENSES Approach to Fees and Expenses As a not -for -profit entity, the ONE Investment structures fees so as to recover its operating costs and set aside appropriate reserves for future investment. Such costs include the design, implementation and continuing operations of the ONE Prudent Investment Offering made available to Participating Municipalities. Fees also cover the cost of adherence to legal and regulatory requirements, including most importantly the proper discharge of the responsibilities of ONE JIB. Neither ONE JIB nor ONE Investment will charge fees directly to Participating Municipalities. Rather, these fees are charged as management fees and expenses of the investment products themselves, or are paid out of the Managed Assets, as described below. The fees indirectly charged by ONE Investment under the ONE Prudent Investment Offering to recover the foregoing costs, expenses and reserves are called the "Governance Fees." By entering into the ONE JIB Agreement, a Participating Municipality agrees that the Managed Assets (subject to exceptions as set out in the Participating Municipality's IPS and Investment Plan) will be invested in (i) the ONE Pools Offering— meaning investment in ONE Investment Pools as selected by ONE JIB on the advice and recommendation of ONE Investment; or (ii) the OCIO Offering— meaning investment in products selected by the ONE Investment OCIO. All Managed Assets, whether in the ONE Pools Offering or the OCIO Offering, are invested in accordance with, and as set out in, the Participating Municipality's IPS and Investment Plan. The "ONE Prudent Investment Offering" currently refers to the ONE Pools Offering and the OCIO Offering. To provide for consistency of client experience, as well as simplified and streamlined client onboarding and reporting, ONE Investment intends to transition all Participating Municipalities to the OCIO Offering, where the OCIO Offering will include investment products substantially similar to the ONE Investment Pools found in the ONE Pools Offering. Once such transition is complete, the "ONE Prudent Investment Offering" will mean the OCIO Offering. ONE Pools Offering V Mk Participating Municipalities invest in the ONE Pools Offering and pay a single integrated fee (the "fund fee"), charged as an expense of the ONE Investment Pools, on the following basis. The ONE Investment Pools are subject to management fees and other expenses, which are described below. Except for taxes, ONE Investment expects to bundle such fees and expenses into a single fee, where the rate of such fee will differ depending on the ONE Investment Pool. In the ONE Pools Offering, fees representing the expenses associated with the operations of ONE JIB and ONE Investment are not charged separately, but are instead integrated into the fund fees. Such fees are approved by the ONE Investment Board and are reviewed, at least annually. The details of the fee structure will be publicly available. 77 20194110.3 Page 188 The following is a representative example of the fund fees as at January 1, 2024: Single Fund Fee 35.0 bps 40.0 bps 45.0 bps 75.0 bps 45.0 bps Management Fee Discounts Charging fees on a cost recovery basis makes it difficult to offer Participating Municipalities significant discounts. Any discounts that may apply will be offered solely at the discretion of the ONE Investment Board of Directors and paid directly by ONE Investment to the Participating Municipality to offset fees charged to the ONE Investment Pools. Discount in Basis Points Name of Discount (bps) Description Founding Municipality Discount 4 bps In effect for 10 years from the ONE JIB establishment date (July 2, 2020) Managed Asset Tier $50 million 6 bps For Participating Municipality with Managed Assets in excess of $50 million in ONE Investment Pools. This rebate is cumulative with any other Managed Asset tier discount. Managed Asset Tier $100 3 bps For Participating Municipality with Managed Assets million in excess of $100 million in ONE Investment Pools. This rebate is cumulative with any other Managed Asset tier discount. Managed Asset Tier $200 3 bps For Participating Municipality with Managed Assets in million excess of $200 million in ONE Investment Pools. This rebate is cumulative with any other Managed Asset tier discount. Managed Asset Tier $300 3 bps For Participating Municipality with Managed Assets in million excess of $300 million in ONE Investment Pools. This rebate is cumulative with any other Managed Asset tier discount. Understanding Fees and Expenses The single fund fees outlined above will cover costs associated with External Management Fees and Operating Expenses as described below. Each ONE Investment Pool incurs certain trading costs and expenses, as well as HST, and may incur interest charges. These costs are also further explained below. All fees and expenses reduce the potential returns available from the applicable ONE Investment Pool. Effectively, the aggregate fees indirectly incurred by each Participating Municipality will be a proportion of 78 20194110.3 Page 189 the amount invested. The aggregate fees indirectly incurred by each Participating Municipality are also influenced by the allocation of the investments among the ONE Investment Pools. External Management Fees External management and performance fees (if any) charged by external portfolio managers are included in the single fund fee. The rate of management fees charged by external managers is generally directly related to the total value of the assets managed by such manager. As assets under management (AUM) increase, the rate of management fees can be expected to fall. As a result, ONE Investment investors can expect to benefit from lower management fees in comparison to investing alone. Operating Expenses Each ONE Investment Pool is responsible for its own operating expenses. In addition to the services supplied by ONE Investment to each of the ONE Investment Pools, there are services supplied by third parties. Third party services include custody, unitholder recordkeeping, fund accounting, trustee services, legal, audit and other professional services. These operating expenses are generally paid by ONE Investment on behalf of the ONE Investment Pools and subsequently recovered by ONE Investment through the ONE administration fee. ONE Investment charges each ONE Investment Pool a ONE administration fee, which is included in the single fund fee. The ONE administration fee compensates ONE Investment for its overhead and other expenses, including recovery of expenses incurred for or on behalf of the ONE Investment Pools. The ONE administration fee allows ONE Investment to provide compensation to, and pay the expenses of, the members of ONE JIB. This ONE administration fee is not applied at the same rate for all ONE Investment Pools. ONE Investment intends to monitor the amount of the ONE administration fee to ensure that net revenues remain appropriate, taking into account ONE Investment's not for profit status. Growth of AUM may result in a reduction in the ONE administration fee rate overtime, and the quantum and rate of such fee will be evaluated on at least an annual basis. Trading Costs and Expenses In the normal course of implementing their investment mandates, the ONE Investment Pools will incur transaction costs. Such transactions costs include trading commissions, exchange fees and duties, interest, regulatory fees and similar ancillary expenses that are associated with the implementation, execution and settlement of portfolio transactions. As is normal industry practice, these transaction costs are borne by the applicable ONE Investment Pool. Taxes and Interest Management fees and expenses normally attract HST/GST. All such taxes are excluded in the above fee illustrations. Any interest expense incurred or payable by a ONE Investment Pool is charged as an expense of the applicable ONE Investment Pool. 79 20194110.3 Page 190 All fees and expenses will be accrued daily and paid by the ONE Investment Pools. OCIO Offering For the OCIO Offering, Participating Municipalities are charged management fees in the form of the OCIO Fee and separately, the Governance Fee, as described below. The Managed Assets are held in investments selected by the OCIO and are subject to management fees and other expenses, which are described below. The OCIO calculates a single OCIO Fee, where the rate of such fee will differ depending on the asset mix of the Managed Assets. Both the OCIO Fee and the Governance Fee are paid from the Managed Assets. The Participating Municipality provides a direction to ONE Investment to apply cash or redeem investments in order to pay the OCIO Fee and the Governance Fee. OCIO Fee Under the OCIO Offering, the ONE Investment OCIO selects the investments which make up the Participating Municipality's investment portfolio, as set out in the Participating Municipality's IPS and Investment Plan. It is expected that the Participating Municipality's Managed Assets will be held in pooled funds and other collective investment vehicles (OCIO Products) managed by the OCIO or one of its affiliates. OCIO Fees are payable quarterly in arrears based on the market value of the Managed Assets on the last business day of the quarter. The OCIO calculates the applicable OCIO Fee for each quarter. The level of fees generally depends on the asset class and investment strategy. Typically, money market and equivalent products attract the lowest fees, and move higher with short term bond funds and mortgage funds, then global fixed income products, then North American equities, global equities, and assets such as real property and infrastructure at the highest end of the fee scale. In addition, the OCIO Fees are generally tiered, so that the rate of fees declines as assets under management increase. Operating Expenses Each OCIO Product is responsible for its own operating expenses, which include regulatory filing fees and other day-to-day operating expenses, annual fees, meeting fees and reimbursement for expenses to members of the Independent Review Committee ("IRC"), recordkeeping, accounting and fund valuation costs, custody fees, audit and legal fees, and the costs of preparing and distributing annual and semi- annual reports, prospectuses, fund facts and statements and investor communications. These expenses are charged to the OICO Product in the from of a fixed administrative services fee which is included in, and forms part of, the OCIO Fee. An illustrative example for the calculation of the OCIO Fees is available from ONE Investment on request. Base Governance Fee As stated, the Governance Fee for the OCIO Offering is charged separately from the OCIO Fee. The base Governance Fee is 0.25% of the net asset value of the investment portfolio, and will be reduced as described in "Governance Fee Discounts" below. 80 20194110.3 Page 191 Governance Fee Discounts The base Governance Fee declines with increases in the net asset value of the Participating Municipality's Managed Assets, as follows: Discount Discount in Basis Points (bps) Description On first $10 million 0 bps Net assets up to $10,000,000 On next $40 million 2 bps $10,000,001 to $50,000,000 On next $50 million 6 bps $50,000,001 to $100,000,000 On next $100 million 15 bps $100,000,001 to $200,000,000 On next $300 million 19 bps $200,000,001 to $500,000,000 On next $500 million 20 bps $500,000,001 to $1,000,000,000 On assets above $1 billion 25 bps In excess of $1,000,000,000 Trading Costs and Expenses In the normal course of implementing their investment mandates, the OCIO Products will incur transaction costs. Such transactions costs include trading commissions, exchange fees and duties, interest, regulatory fees and similar ancillary expenses that are associated with the implementation, execution and settlement of portfolio transactions. As is normal industry practice, these transaction costs are borne by the applicable OCIO Product. Taxes and Interest Management fees and expenses normally attract HST/GST. All such taxes are excluded in the above fee illustrations. Any interest expense incurred or payable by an OCIO Product is charged as an expense of the applicable OCIO Product. All fees and expenses will be accrued daily and paid to the OCIO. All fees and expenses reduce the potential returns available from the applicable OCIO Product. Effectively, the aggregate fees indirectly incurred by each Participating Municipality will be a proportion of the amount invested. The aggregate fees indirectly incurred by each Participating Municipality are also influenced by the investments selected by the OCIO. Reporting to Participating Municipalities on Fees As part of the reporting package, Participating Municipalities will be provided with a fee summary. For investments in any ONE Investment Pool, in the Pools Offering, fees and expenses charged to the Pool in question are presented as a single fixed charge. For Participating Municipalities in the OCIO Offering, the OCIO Fees and the Governance Fees will be calculated separately as indicated above. 81 20194110.3 Page 192 01� INVESTMENT Attachment 4 to Report FSD-0' Municipal Client Questionnaire (MCQ} The MCQ needs to be updated and reviewed annually in conjunction with your review of your Investment Policy Statement. Additionally, update the MCQ within 90 days if you experience any significant changes, including: a. A significant change in your municipality's financial circumstances, or b. A significant change in the amount of your municipality's "money that it does not require immediately" For changes between annual reviews, provide written notice of changes by using the mid -year MCQ update form on the last page of this document. Section 1— Client Information Name of Municipality: Address: Treasurer Information Name: Phone Number: Extension: Email: Primary Day to Day Contact Information* Check if some information as Treasurer above Name: Phone Number: Email: Extension: *Primary day-to-day contact should have a comprehensive understanding of your Municipality's financial position and investment needs. 1 Revised ONE JIB 11-29-2023 Page 193 01� INVESTMENT Attachment 4 to Report FSD-0' Municipal Client Questionnaire (MCQ} Section 2 - Investment Knowledge and Experience 1. Which statement best describes the Municipal staff (person most responsible for managing investments)'s level of investment knowledge and experience with financial markets and products? Very limited knowledge Basic knowledge and minimal experience Good knowledge and some experience Strong knowledge and experience Advanced knowledge and extensive experience 2. If Municipal staff have strong or advanced knowledge, please describe where this knowledge was acquired (e.g., education, designations experience). 3. Please indicate if your municipality has used / held any of the following investment types within the past five years. [check all that apply] Canadian money market securities Locked -in Investments (e.g., GICs, PPNs etc.) Local Distribution Corporation Securities (LDC securities) Securities held in third party trusts (i.e., cemetery trust, legacy fund etc.) Fixed income (government and/or corporate bonds) Equities Other— Please Describe 2 Revised ONE JIB 11-29-2023 Page 194 01� INVESTMENT Attachment 4 to Report FSD-0' Municipal Client Questionnaire (MCQ} Section 3 — Investment Objectives and Risk Tolerance This section of the MCQ asks about your Municipality's MoneythatitDoes Not Require Immediately (MNRI). In general, investors can expect a higher annualized rate of return if the investor is also willing to accept volatility or fluctuation in the market value of their investments. For example, investors can expect that the average annual rate of return over a five-year period will be higher where the portfolio's returns are varied when measured on a year -by -year basis, with some years possibly having negative returns. A portfolio which has a steady return year over year, with little possibility of negative returns in any year, will most likely have a lower annualized return when measured on a rolling five-year average. 4. In relation to MNRI, which of the following best reflects your Municipality's longer -term investment objectives (return), risk tolerance (volatility of returns) and shorter -term tolerance for losses (actual or unrealized)? Description Investment Objective Risk Tolerance Tolerance for short- term (3 year) losses* Lower risk / Capital preservation is the main Small chance of loss Less than 5% decline return objective. of capital over a 5- year Willingness to accept period lower returns to reduce the likelihood of losses. Moderate risk Balanced growth (combination of growth Moderate chance of 5-15% decline / return and income) is the main objective. loss of capital over a 5-year period 7 Willingness to accept moderate level of risk to achieve moderate growth without excessive risk to capital. Higher risk / Growth of capital is the main objective. Higher risk of loss More than 15% return of capital over a 5- decline Willingness to accept higher risk, year ❑ including risk of loss of capital, for period potentially higher returns. * These percentages are for illustrative purposes only, to determine sensitivity to potential capital loss, and do not represent a guarantee by ONE JIB or ONE Investment. Revised ONE JIB 11-29-2023 Page 195 o� INVESTMENT Attachment 4 to Report FSD-0' Municipal Client Questionnaire (MCQ} 5. If applicable, is there any other information about your Municipality's investment objectives and risk tolerance for its MNRI that is relevant to your Investment Policy Statement or Investment Plan? 6. How sensitive is your municipality to recognizing investment gains and losses from portfolio adjustments and market fluctuations? Sections 4 and 5 of this MCQ below ask about your Municipality's MNRI, cash flow and other financial assets that may be applicable. It is intended to assist ONE Investment in obtaining an understanding of your Municipality's financial circumstances, including its cash flow needs. Section 4 — Financial Information 7. Please provide your municipality's MNRI (see note below) by reserve (or reserve categories) with expected investment time horizons. This information can be provided in the template provided, or in a separate document. Note: MNRI can be determined by time, source of funds, purpose of funds, or such other means as your Municipality may decide is appropriate. It is defined for your municipality in the Investment Policy Statement approved by your Council. For example, the 'less than 3 years' column of MNRI in the template might not be applicable for all municipalities. Information has been provided as an attachment to this MCQ Revised ONE JIB 11-29-2023 Page 196 Attachment 4 to Report FSD-015-24 Summary of Money not Required Immediately for Investment Planning Purposes Example Investment Horizon of M N R I Reserve Name or Brief Description or Purpose Total MNRI Less than 3 to 5 5 to 10 10+ Category Amount 3 years years years years Roads Mtnc Reserve Ongoing Maintenance $8,000,000[ $1,500,000€ $1,500,000. $3,500,000. $3,500,000. ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... Infrastructure Reserve Road Lane Widening $5,000,000. $1,000,000€ $4,000,000 o�� INVESTMENT Attachment 4 to Report FSD-0' Municipal Client Questionnaire (MCQ} 8. Please provide your Municipality's current Cash Flow Projections for MNRI by year. This information informs the ONE JIB about potential drawdowns /additions to MNRI that you anticipate in coming years. Supporting documentation may be provided as needed. Next Year 2 years 3 to 5 years 5 to 10 years Greater than 10 years Anticipated MNRI Drawdowns Anticipated MNRI Contributions Net change in MNRI 0 0 0 0 0 Other information or comments (if applicable) 9. Does the MNRI drawdown forecasts in Question 8 above reflect: Drawdowns of current reserve balances Drawdowns of current reserve balances inclusive of projected future budgetary contributions 10. What assumptions or factors does your municipality include in the reserve cash flow projections? For example: inflation assumptions on capital projects, assumptions on future tax -based reserve contributions, forecasted development charge revenue etc. 6 19721423.2 Page 198 Attachment 4 to Report FSD-0' OIL INVESTMENT Municipal Client Questionnaire (MCQ} 11. If your Municipality has completed a capital budget forecast, how many years does this forecast extend? Less than 3 years 3-5 Years 1:1 5-10 Years 10 years or more 12. If your Municipality has completed an asset management plan, how many years does this forecast extend? Less than 3 years 1:1 3-5 Years 1:1 5-10 Years ❑ 10 years or more 13. To what extent has your Municipal asset management plan been integrated into the capital budget process? Funding/Expenditure Analysis 14. How does your Municipality manage unanticipated requests for funding? What is the probability that your municipality may unexpectedly need to draw down MNRI to fund unexpected budget shortfalls? 15. Is there a particular year(s) in your Capital Forecast or Asset Management Plan when your Municipality anticipates unusual or large capital expenditure(s)? Yes No 19721423.2 Page 199 01��F INVESTMENT Attachment 4 to Report FSD-0' Municipal Client Questionnaire (MCQ} If yes, please explain the timing and nature of the expenditure(s) 16. Do you anticipate any decisions / factors within the next 24 months that could have a material impact on your MNRI forecasts —either positive or negative? (e.g., projects contingent on unsecured grants, potential significant changes to your debt financing strategy, significant acquisitions or disposals/divestments). Yes No If yes, please provide details 8 19721423.2 Page 200 o�� INVESTMENT Attachment 4 to Report FSD-0' Municipal Client Questionnaire (MCQ} Section 5 — Portfolio Information 17. Please provide the breakdown of your MNRI, In -Kind securities and LDC securities by Investment type Description As of Date Value* (M M/DD/YY) Invested in ONE JIB Outcomes as of Date (A) Expected contributions (withdrawals) of MNRI and Date MNRI to be transferred / received (B) Total MNRI to be invested in ONE JIB Outcomes (A + 0 B) In -Kind securities (Bonds, GICs, PPNs etc.) as of Date (C) Total Current MNRI, expected contributions 0 to MNRI and In -Kind securities (A + B + C) LDC securities as of Date (D) Total Municipal MNRI, In -Kind securities and 0 LDC securities (A + B + C + D) * The market value of In -Kind securities may change between the date control and management is given to ONE JIB and the date they mature after which the cash proceeds can be invested by ONE JIB. Other information or comments (if applicable) Section 6 — Existing Investments 18. Your Municipality may have given control and management of In -Kind securities and LDC securities to ONE JIB with its MNRI (refer to Section S above). If applicable, please identify below any details of In - Kind securities and LDC securities that your municipality may have. A template and sample have been provided on the next page for your reference, or you may attach a copy of your statement(s). If your Municipality has no such In -Kind securities/LDC securities proceed to Section 7 of the MCQ. 19721423.2 Page 201 o� INVESTMENT Attachment 4 to Report FSD-0' Municipal Client Questionnaire (MCQ} The applicable information is provided as an attachment to the MCQ: Security/Investment Type Manager/Institution Book Value Market Value Maturity Date (If applicable) SAMPLE CIBC Global PPN CIBC $5,000,OOG N/A February 2030 Blue Chip Growth Deposit Notes, Series 12 SAMPLE London 3.2% May Bond N/A $1/000,000 $1,098,000 May 9, 2026 9, 2026 SAMPLE Canada 21/1 July 2, Bond N/A $2,000,000 $1,945, 000 July 2, 2028 2028 Security/Investment Type Manager/Institution Book Value Market Value Maturity Date (If applicable) Other information or comments (if applicable) 1C 19721423.2 Page 202 01� INVESTMENT Section 7 — Other Information Attachment 4 to Report FSD-0' Municipal Client Questionnaire (MCQ} 19. If there have been major changes in circumstances since the last MCQ updates (if applicable) that you would feel would require a reallocation of MNRI for your Municipality. Please advise what has changed since the last MCQ update. 20. Please provide any additional information or context that you consider relevant to ONE JIB's understanding of your municipality's MNRI, In -Kind securities and LDC securities. Section 8 — Investment Restrictions 21. Are your Municipality's investments subject to any prohibited investment or other similar restrictions that are not fully disclosed in your Municipal Investment Policy Statement? Yes ❑ No 11 19721423.2 Page 203 o�� INVESTMENT If yes, please specify Section 9 —Acknowledgement Attachment 4 to Report FSD-0' Municipal Client Questionnaire (MCQ} I confirm that information provided to ONE Investment in this form is complete and accurate to the best of my knowledge as at the date below. Dated this day of 120 Name and Signature of Treasurer Second Signature (if Required) 12 19721423.2 Page 204 OI�1E INVESTMENT Attachment 4 to Report FSD-0' Municipal Client Questionnaire (MCQ} Appendix 1— Midyear MCQ Updates Form Please provide details below that explain the nature of your requested change. This should describe: the money involved, the timing of transactions required, and any other context to support the change request. This will allow ONE JIB to understand how this update may change the cashflow characteristics or investment horizons of MNRI and In -Kind securities (and possibly LDC securities) relative to your current MCQ and Investment Plan. Acknowledgement I confirm that information provided to ONE Investment in this form is complete and accurate to the best of my knowledge as at the date below. Dated this day of 120. Name and Signature of Treasurer Second Signature (if required) 13 19721423.2 Page 205 Clarftwn Staff Report If this information is required in an alternate accessible format, please contact the Accessibility Coordinator at 905-623-3379 ext. 2131. Report To: General Government Committee Date of Meeting: April 8, 2024 Report Number: FSD-016-24 Submitted By: Trevor Pinn, Deputy CAO/Treasurer, Finance and Technology Reviewed By: Mary -Anne Dempster, CAO Resolution#: Authored by: David Ferguson, Purchasing Manager File Number: RFP2024-3 By-law Number: Report Subject: Project Management Services - Operations Depot, Fire Station and Fire Training Facility Recommendations: 1. That Report FSD-016-24, and any related delegations or communication items, be received; 2. That the proposal received from Colliers Project Leaders Inc. being the most responsive bidder meeting all terms, conditions and specifications of RFP2024-3 be awarded the contract for the provision of Project Management Services for the new Operations Depot, Fire Station and Fire Training Facility; 3. That the funds required for this project in the amount of $522,700.42 (Net HST Rebate) be funded from the approved budget; and 4. That all interested parties listed in Report FSD-016-24, and any delegations be advised of Council's decision. Page 206 Municipality of Clarington Report FSD-016-24 Report Overview Page 2 To request approval to award RFP2024-3 to the most responsive proponent to provide Project Management Services for the new Operations Depot, Fire Station and Fire Training Facility. 1. Background 1.1 The Municipality of Clarington (Municipality) requires the assistance of a qualified firm for the provision of Project Management Services for the new Operations Depot, Fire Station and Fire Training Facility. 1.2 A Request for Proposal (RFP) was drafted to allow the Municipality to select a qualified Project Management Consultant to assist with the design, bidding process and building of the new Operations Depot, Fire Station and Fire Training Facility. 1.3 RFP2024-3 was issued by the Purchasing Services Division and advertised electronically on the Municipality's website. The RFP was structured on a two -envelope system with price being an evaluated factor. 2. Analysis 2.1 The RFP closed March 12, 2024. 2.2 The RFP stipulated, among other things, that the proponents were to provide a description of the Firm/Consulting team, key qualifications, firm profile, highlights of past service and experience of team members with projects of similar size, nature and complexity, and demonstrate an understanding of the Municipality's requirements. 2.3 Twenty companies downloaded the document, and two proposals were received (refer to Attachment 1) by the stipulated closing date and time. All proposals received complied with Phase 1 - Mandatory submission requirements and were distributed to the evaluation committee for review, evaluation, and scoring. 2.4 The technical proposals were evaluated and scored independently by the members of the evaluation committee in accordance with the established criteria as outlined in the RFP. The evaluation committee was comprised of staff from the Emergency and Fire Services, Public Works and the Community Services Department. 2.5 The evaluation committee met to review and agree upon the overall scores for each proposal. Some of the areas on which the submissions were evaluated were as follows: Page 207 Municipality of Clarington Report FSD-016-24 Page 3 • The Proponent's understanding of the Municipality's requirements; • Highlights of services provided performing similar work on projects of comparable nature, size, and scope in a municipality of similar population size; • A methodology describing the Proponent's project management approach, work plan, goals, objectives, and methods of communications to be utilized to meet the requested deadlines; and • A proposed solution including a detailed work plan indicating the project method, schedule, Gantt chart, tasks and deliverables showing an estimated overall timeline of the project. 2.6 Upon completion of the evaluation, both submissions met the established passing threshold of 80 percent for Phase 2 — Technical Submission and moved to Phase 3 - Pricing. It was determined by the evaluation committee that a presentation from the short-listed proponents would not be required. 2.7 The pricing envelopes were opened and evaluated as stipulated in the RFP document. 2.8 The RFP was structured to award using a two -stage approach for the design and construction of a new Operations Depot and Fire Headquarters and Training Facility, in Bowmanville. 2.9 The project manager will be responsible for the first stage of the project which includes project management, concept design, all required studies and investigations and the development of a project budget. 2.10 The second stage is dependent on Council approval for the tendering for a Contractor and the construction of the new facility. 2.11 Upon completion of the evaluation scoring, the recommendation is to award the contract for this work to the highest ranked proponent, Colliers Project Leaders. 2.12 Colliers Project Leaders Inc. is currently providing Project Management services to the Municipality and as such a reference check was not required. 3. Financial Considerations 3.1 The funding required for this contract award is up to $522,700.42 (Net HST Rebate) and will be funded from the following account: Description Account Number Amount Operations Centre Design 110-36-370-83603-7401 $522,700 Page 208 Municipality of Clarington Page 4 Report FSD-016-24 3.2 The Proponents provided pricing for the two stages as noted in item 2.8 above. The fees are allocated between the stages as follows: Stage 1 — Lump Sum for Project Management $149,119 Total net HST rebate Services including disbursements Stage 2 — Lump Sum for Project Management $373,581 Total net HST rebate Services including disbursements 3.3 Stage 1 is related to the design phase of the project and will be utilizing portions of the $750,000 budget previously approved for the design of the Operations Depot, Fire Station and Fire Training Facility. There would remain approximately $600,900 available for the concept design work expected to be tendered in Q2 2024. Additional funding for stage 2, including construction, will be budgeted in the 2025 -2027 budget update. 4. Strategic Plan 4.1 This project directly relates to the corporate strategic plan's mission statement; To enhance the quality of life in our community ■ Both departments provide legislated core services that directly affect the quality of life of our residents. These new facilities provide the opportunity to enhance and modernize our services so that we can serve our community as the demand increases from continued growth. 5. Concurrence This report has been reviewed by the Deputy CAO of Public Services and the Director of Emergency and Fire Services who concur with the recommendations. 6. Conclusion It is respectfully recommended that Colliers Project Leaders Inc. be awarded the contract for the provision of Project Management Consultant to assist with the design bid and build of the new Operations Depot, Fire Station and Fire Training Facility. Staff Contact: David Ferguson, Purchasing Manager, 905-623-3379 ext. 2209 or dferguson@clarington.net. Attachments: Page 209 Municipality of Clarington Report FSD-016-24 Page 5 Attachment 1 — Summary of Proposals Received Interested Parties: List of Interested Parties available from Department. Page 210 Municipality of Clarington Report FSD-016-24 Page 6 Attachment 1 - Summary of Proposals Received Municipality of Clarington RFP2024-3— Project Management Consultant Operations Depot, Fire Station and Fire Training Facility Proposals Received Bidder 11 Altus Group Limited 11 11 Colliers Project Leaders Inc. 11 Page 211 Clarftwn Staff Report If this information is required in an alternate accessible format, please contact the Accessibility Coordinator at 905-623-3379 ext. 2131. Report To: General Government Committee Date of Meeting: April 8, 2024 Report Number: FSD-017-24 Submitted By: Trevor Pinn, Deputy CAO/Treasurer, Finance and Technology Reviewed By: Authored by: Mary -Anne Dempster, CAO Resolution#: David Ferguson, Purchasing Manager and Toni Anderson, Buyer File Number: CL2024-5 By-law Number: Report Subject: Veteran's Square and Courtyard Revitalization Recommendations: 1. That Report FSD-017-24, be received; 2. That J. Hoover Ltd with a total bid amount of $1,301,771.41 (Net HST Rebate) being the lowest compliant bidder meeting all terms, conditions and specifications of tender CL2024-5 including all provisional items, be awarded the contract for the landscaping and renovations of the Veteran's Square and Courtyard, as required by the Community Services Division; 3. That the total funds required for this project is $1,359,672.85 (Net HST Rebate), which includes construction costs of $1,301,771.41 (Net HST Rebate) and other related costs such as design, inspection, testing, contract administration and contingencies of $57,901.44 (Net HST Rebate) is in the approved budget allocation as provided and be funded from the following accounts: Description Account Number Amount Veteran's Square Rehabilitation 110-42-421-84232-7401 $1,050,050.00 Building and Property Improvements 110-42-421-83718-7401 $309,622.85 4. That all interested parties listed in Report FSD-017-24, and any delegations be advised of Council's decision. Page 212 Municipality of Clarington Report FSD-017-24 Report Overview Page 2 To request authorization from Council to award CL2024-5 for landscaping and renovations of the Veteran's Square and Courtyard. 1. Background 1.1 Tender specifications and drawings were prepared by Henry Kortekaas & Associates (HKLA) and Barry Bryan Associates (BBA) and provided by the Community Services Division to the Purchasing Services Division. The scope of work included full landscaping services, along with stair, ramp, and building envelope repairs. 1.2 Tender CL2024-5 was issued by the Purchasing Services Division and advertised electronically on the Municipality's website. 1.3 Twenty-two companies registered as official plan takers. The tender document included a mandatory site visit and in keeping with the terms and conditions of the tender document only those plan takers in attendance at the site visit were eligible to submit a bid. Eight companies attended the mandatory site visit. 2. Analysis 2.1 The tender closed on March 18, 2024. 2.2 Four submissions were received in response to the tender call. The bids were reviewed and tabulated by the Purchasing Services Division (see attachment 1) and all were deemed compliant. The submissions were forwarded to the Community Services Division for review and consideration. 2.3 A staff member from the Community Services Division visited two of the project sites previously completed by the low bidder to review the finished work. After a review and evaluation, staff agreed that the work was satisfactory. 2.4 The Purchasing Services Division completed reference checks for the low -compliant bidder, J. Hoover Ltd. References were deemed satisfactory and provided to the Community Services Department for consideration. 2.5 After review and analysis of the bids by the Purchasing Services Division and the Community Services Division, it was mutually agreed that the low bidder, J. Hoover Ltd be recommended for the award of CL2024-5. Page 213 Municipality of Clarington Report FSD-017-24 3. Financial Considerations Page 3 3.1 The total funds required for this project in the amount of $1,359,672.85 (Net HST Rebate) which includes construction costs of $1,301,771.41 (Net HST Rebate) and other related costs such as design, inspection, testing, contract administration and contingencies of $57,901.44 (Net HST Rebate) is in the approved budget allocation as provided and be funded by the Municipality as follows: Description Account Number Amount Veteran's Square Rehabilitation 110-42-421-84232-7401 $1,050,050.00 Building and Property Improvements 110-42-421-83718-7401 $309,622.85 3.2 Queries with respect to the division needs should be referred to the Director of Community Services. 4. Strategic Plan 4.1 The renovation and building envelope repairs of the courtyard and Municipal Administrative Centre project supports strategic plan priority L.2.5 - Maintain, protect and invest in Municipal infrastructure and assets. 5. Concurrence This report has been reviewed by the Deputy CAO, Public Services who concurs with the recommendations. 6. Conclusion It is respectfully recommended that J. Hoover Ltd with a total bid price of $1,301,771.41 (Net HST Rebate) being the low compliant bidder be awarded the contract for the landscaping and renovations of the Veteran's Square and Courtyard, in accordance with the terms, conditions and specifications of Tender CL2024-5. Staff Contact: David Ferguson, Purchasing Manager, 905-623-3379 ext. 2209 or dferguson@clarington.net. Attachments: Attachment 1 - Summary of Bid Results Interested Parties: List of Interested Parties available from Department. Page 214 Municipality of Clarington Report FSD-017-24 Attachment #1 Page 4 Municipality of Clarington C L2024-5 Veteran's Square and Courtyard Revitalization Bid Summary Bidder Total Bid Price Total Bid Price (Including HST) (Net HST Rebate) J. Hoover Ltd $1,445,559.85 $1,301,771.41 MVW Construction & Engineering 2,301,188.17 2,072,291.22 Inc. Pro Lawn Landscaping Ltd 2,515,903.68 2,265,649.19 M & S Architectural Concrete Ltd. 3,211,244.68 2,891,825.30 Page 215 Clarftwn Staff Report If this information is required in an alternate accessible format, please contact the Accessibility Coordinator at 905-623-3379 ext. 2131. Report To: General Government Committee Date of Meeting: April 8, 2024 Report Number: LGS-014-24 Submitted By: Rob Maciver, Deputy CAO/Solicitor, Legislative Services Reviewed By: Mary -Anne Dempster, CAO Resolution#: Authored by: Pinder DaSilva, IDEA Officer File Number: By-law Number: Report Subject: Clarington's 2024-2027 IDEA Strategy Recommendations: 1. That Report LGS-014-24, and any related delegations or communication items, be received; 2. That the 2024-2027 Inclusion, Diversity, Equity and Anti -Racism (IDEA) Strategy attached to Report LGS-014-24, as Attachment 1, be approved; and 3. That all interested parties listed in Report LGS-014-24, and any delegations be advised of Council's decision. Page 216 Municipality of Clarington Page 2 Report LGS-014-24 Report Overview This report provides an overview of Clarington's 2024-2027 Inclusion, Diversity, Equity and Anti -Racism (IDEA) Strategy for Council's approval. The report includes an outline of the work plans for the committees that support the overall IDEA Strategy. 1. Background 1.1 Diversity and Inclusion efforts are coordinated through Clarington's Diversity Advisory Committee (CDAC), its Anti -Black Racism Task Force, Clarington's Diversity and Inclusion Staff Team, and Clarington's Truth and Reconciliation Staff Committee, for both the community and the Corporation. 1.2 The Municipality of Clarington's 2024-2027 Inclusion, Diversity, Equity and Anti -Racism (IDEA) Strategy reflects Clarington's vision to create a connected, dynamic, and welcoming community, focused on the future while respecting the past. 1.3 The plan recognizes and celebrates the work that has already been undertaken by all the internal and external diversity and inclusion committees for the past six years and is a continuation of this foundational work. 2. IDEA Strategy 2.1 The IDEA Strategy, (Attachment 1), re -affirms the Municipality of Clarington's commitment to diversity, equity, and inclusion. The document outlines the importance of having an IDEA Strategy that includes actionable and measurable initiatives that support Clarington's 2024-2027 Strategic Plan. 2.2 The IDEA Strategy includes Guiding Principles and Pillars that support the Municipality's inclusion journey through staff training, and community initiatives and engagement. 3. Financial Considerations Not Applicable. Page 217 Municipality of Clarington Report LGS-014-24 4. Strategic Plan Page 3 L.1.4: Take steps to ensure our staff team is diverse and inclusive, representative of the community it serves. C.1.3: Strengthen existing and build new partnerships with upper levels of government, academia, businesses, community groups and other sectors. C.3.1: Recognize and celebrate the growing diversity of the community. C.3.2: Reduce barriers to municipal programs, services and infrastructure. C.3.3: Develop and implement the Indigenous Engagement and Relationship Building Strategy. C.3.4: Continue to commit to responding to the Truth and Reconciliation Commission Calls to Action. 5. Concurrence Not Applicable. 6. Conclusion It is respectfully recommended that the Municipality of Clarington's 2024-2026 Inclusion, Diversity, Equity and Anti -Racism (IDEA) Strategy be approved by Council. Staff Contact: Pinder DaSilva, IDEA Officer, 905-623-3379 ext. 2563 or pdasilva@clarington.net. Attachments: Attachment 1 — Clarington's 2024-2027 Inclusion, Diversity, Equity and Anti -Racism (IDEA) Strategy Interested Parties: The following interested parties will be notified of Council's decision: Clarington's Diversity Advisory Committee Clarington's Anti -Black Racism Task Force Page 218 I1111\Tf:1III :1 [Us liversil k n t *1 - Pr; The Corporation of the 1-800-563-1195 Municipality of Clarington Local: 905-623-3379 40 Temperance Street, info@clarington.net Bowmanville, ON L1 C 3A6 www.clarington.net Table of Contents 04 Commitment to Diversity 04 Why is it important to have IDEA strategy? 05 Guiding Principles 06 IDEA Pillars 06 Diversity 06 Equity 06 Anti -Racism 07 Workplans supporting the IDEA Strategy 07 Internal Priorities 10 External Priorities 14 Feedback Clarington's 2024-27 IDEA Strategy Clarington's 2024-2027 IDEA Strategy The Municipality of Clarington's 2024-2027 Inclusion, Diversity, Equity and Anti -Racism (IDEA) Strategy reflects Clarington's vision to create a connected, dynamic and welcoming community focused on the future while respecting the past. The Strategy recognizes and celebrates the efforts of Clarington's internal and external diversity and inclusion committees and is a continuation of their foundational work. The Municipality's commitment to meeting the requirements of the Accessibility for Ontarians with Disabilities Act (AODA) and the Ontario Human Rights Code are essential components of the IDEA strategy. As per the AODA requirements, a separate Multi -Year Accessibility Plan for 2024-28 has been created. The plan informs and supports the execution of the overall Strategy. CIarington's 2024-27 1DEA Strategy Commitment to Diversity The Municipality of Clarington recognizes that ethno-cultural, race, gender identity, sexual orientation, ability, religious affiliation, age, and other aspects of identity collectively impact and form our life experiences and how we interact within our communities. We value the diversity of the people and communities we serve. The need to belong is universal and fundamental. Clarington recognizes that there is work to be done to close the belonging gap and is committed to creating an inclusive, equitable and safe community. One of the priorities of Clarington's 2024-27 Strategic Plan is to cultivate a strong, thriving and connected community where everyone is welcome. The goals and actions of the "Connect" pillar guide the IDEA strategy. The Municipality is working to build a diverse and inclusive workforce that has the skills, education and training needed to develop and implement inclusive, accessible, and equitable programs and services for our residents. Each of the workplan activities support a priority from the Strategic Plan. Why is it important to have an IDEA Strategy? Simply acknowledging that diversity is important is not enough. As an employer, and as a municipality that is committed to supporting the health and well-being of its staff and residents, we must intentionally and continuously identify and break down systems that prevent equitable access to employment, programs, and services. To stay competitive and relevant, we need to prioritize our commitment to equity, diversity, and inclusion so that we can attract and retain a resilient, talented, and diverse workforce that is reflective of the community we serve and actively contributes to our efforts to create a more equitable society. v • Clarington's 2024-27 IDEA Strategy 4 Page 222 Guiding Principles These guiding principles are intended to support our ability to serve all of Clarington's residents and implement our Municipality's Strategic Plan. As employees, leaders and Council members, it is our duty to be aware of our biases and acknowledge that individual and institutional bias have excluded marginalized members of our organization and community, regardless of the intention of those excluding. Measurability We must set out actionable and reasonable goals and measure our progress toward those goals. Sense of Community We must recognize diversity, inclusion, and equity are critical to uniting our community so that we can embrace and take pride in the vibrant community that we all share. Accountability We commit to holding ourselves and each other responsible for our goals, including our successes and failures. Continuous Learning We must provide training and educational opportunities to support organization - wide thinking that challenges systemic inequities and promotes healthy conversations. Lived Experience We will listen to the perspectives and stories of those who have been marginalized. We will not deny their lived experience; instead, we will value and learn from their first-hand experiences and acknowledge to do and be better. Clarington's 2024-27 IDEA Strategy Page 223 5 IDEA Pillars Each of the following IDEA pillars is built on a foundation of inclusion. At Clarington, we are embracing our inclusion journey. We are learning, creating, and implementing a work and community culture where everyone feels they belong — one that embraces, respects, accepts, and values diversity, ensuring that everyone feels they can contribute and participate to their fullest potential. We are making a commitment to continued growth in each of the following three pillars: Diversity At Clarington, we strive to ensure that diverse perspectives are heard, understood, and applied in the decisions we make and the work we do. Diversity is about the individual and the variety of unique identities, qualities, experiences, and characteristics that shape who we are and how these impact our daily interactions in our community. Equity At Clarington, we believe that creating equitable access to everything that our community has to offer starts with analyzing, acknowledging, and removing barriers and systems that prevent accessibility and inclusion. Equity means everyone is treated according to their diverse needs in a way that enables all people to successfully participate and engage in the community. Anti -Racism # , Clarington is taking a stand against racism and fighting for equality through our anti -racism policies and practices. We are actively taking steps to address the barriers that are prevalent in our community, including employment, justice, and social participation among Indigenous Peoples, racialized communities, and religious minorities. It's our goal to ensure a safe environment by eliminating racial discrimination and injustice one step at a time. Clarington's 2024-27 IDEA Strategy Page 224 0 Workplans supporting the IDEA Strategy The IDEA priorities and outcomes achieved in the applicable work plans all connect to support Clarington's commitment to the three pillars. 1. Internal Priorities 1.1 Provide staff with skills, knowledge, and experience through training and continuous learning opportunities and resources. Equity & L.1.4, C.3.2 Finalize development and Inclusion branding of Equity & Lens Inclusion Lens Guidelines. Guidelines Training C.1.3, C.3.1 Identify, and collaborate Partners with, organizations that provide training in areas of gender diversity, Truth and Reconciliation, and anti - racism. Annual L.1.4 The annual training IDEA schedule is completed, Training highlighting mandatory Schedule and continuous IDEA learning for new and current staff. Improvement of inclusion and diversity for employees and customers through Municipal programs, services and initiatives developed by Human Resources, Community Services, and Communications teams. The Municipality has a list of highly qualified training vendors available to support the IDEA training of staff across all departments based on current needs and trends. The Municipality of Clarington has a workforce that has the necessary skills, knowledge, and resources related to IDEA, allowing them to be more engaged, relevant and competitive. Clarington's 2024-27 IDEA Strategy Page 225 7 1.2 Staff engagement through internal Truth and Reconciliation Committee. Truth and Reconciliation Commission (TRC) Calls to Action C.3.3, C.3.4 Analyze which TRC Calls to Action should be incorporated into Clarington's Indigenous Engagement Plan. A multi -year plan established, identifying Clarington's response to applicable Calls to Action for the next three years. 1.3 Staff engagement through internal Diversity and Inclusion Committee. Inclusive Language Guide Satellite Safe Spaces Diversity, Equity and Inclusion section on the Hub L.1.4, C.3.1 Create a schedule for sharing the inclusive language guide with staff L.1.4, C.3.1 Work with Community Services to identify safe spaces for staff who need a space for prayer, mediation, or a quiet space, similar to MAC. L.1.4, C.3.1, Collaborate with the C.3.2 Communications Division to update the DEI section of the Hub to be more interactive. Different sections of the Inclusive Language Guide will be published on the Hub as a resource during specific celebratory events. One new satellite safe space identified and set up. All staff will be able to access information on the work being done by staff committees, the IDEA strategy, the IDEA workplans and offer feedback and join the IDEA conversation. Clarington's 2024-27 IDEA Strategy Page 226 1.4 Provide IDEA -related resources and support to applicable Municipal departments. Participate in Public Events Leading Equitable and Accessible Delivery (LEAD) Improvement Plan Municipal - hosted community events v C.1.3, C.3.1, C.3.2 L.1.4 C.3.1, C.3.2 is Municipal IDEA resources and support provided at job fairs and other community events. Work with Human Resources to support their Diversity Recruitment Plan as outlined in the LEAD Improvement Plan. Support Community Services with increasing diversity and representation in community programs and celebrations. Community organizations and residents have understanding and knowledge of Clarington's commitment to diversity and inclusion. Key IDEA training, activities, and resources related to recruitment, onboarding and retention are identified and agreed upon for the year. Community Services has the resources and support needed to develop and implement inclusive and welcoming programs, services, and events. Clarington's 2024-27 IDEA Strategy Page 227 2. External Priorities 2.1 Advance Community Engagement through Clarington Diversity Advisory Committee (CDAC) Clarington C.1.3, C.3.1, CDAC identifies, and meets Increased inclusion and community C.3.2 with, key community event diversity representation in the events, organizers to discuss entertainment, food, vendors etc. festivals & increasing diversity. at community celebratory events celebrations such as AppleFest & MapleFest. Presence C.1.3, C.3.1, CDAC identifies at local C.3.2 community events and community celebrations to attend events and as members of the committee. Presence in C.3.1, C.3.2 Collaborate with the Clarington Communications Connected Division on the quarterly community newsletter. newsletter Increased presence and awareness in the community of the CDAC, allowing members to connect with other residents and discuss the role of CDAC. Increased knowledge and understanding for Clarington residents on the activities that CDAC has engaged in to increase inclusion, and diversity in Clarington. Student C.1.3, C.3.1, CDAC Sub -Committee Increased diversity and inclusion Bursary C.3.2 identifies process and in schools and community Program criteria for implementing a through the actions of young student bursary program leaders who are engaged in social on behalf of CDAC. impact activities. CIarington's 2024-27 IDEA Strategy Page 228 10 2.2 Advance Community engagement through Clarington Anti -Black Racism Task - force (CABRT) Presence in Clarington Connected community newsletter Presence at local community events and celebrations Black History Month C.1.3, C.3.1, C.3.2 C.1.3, C.3.1, C.3.2 C.1.3, C.3.1, C.3.2 Collaborate with the Communications Division on the quarterly newsletter. CABRT identifies community events and celebrations to attend as members of the committee. Collaborate with Clarington Municipal and Library, Museums, and Archives staff to implement Black History Month activities in the community. Increased knowledge and understanding for Clarington residents on the activities that CABRT has engaged in to increase inclusion and diversity in Clarington. Increased presence and awareness in the community of the CABRT, allowing members to connect with other residents and discuss the role of CABRT. Increased knowledge and understanding in the community on the legacy and impact of Black people in Clarington and across Canada. • Clarington's 2024-27 IDEA Strategy Page 229 2.3 Advance Indigenous Engagement Efforts Community Partnerships & Engagement Moccasin Identifier Project C.3.1,C.3.3, C.3.4 C.1.3, C.3.1, C.3.3, C.3.4 Identify key Indigenous organizations to support Clarington's Indigenous Engagement Strategy. IDEA Officer collaborates with Planning and Infrastructure to consult with Indigenous community and artist. Municipality staff regularly engaged with two to three Indigenous organizations for consultations on initiatives, hosting community events and celebrations. Input and engagement with Indigenous communities on design and placement / location completed. Two locations in Clarington will be identified for the Moccasin Identifier Project. Clarington's 2024-27 IDEA Strategy Page 230 12 2.4 Implement Anti -Racism and Anti -Discrimination Plan Re-establish C.1.3, C.3.1, Communicate with Meeting schedule established. Working Group C.3.2, C.3.3, past Working Group C.3.4 members to determine interest in continuing with committee participation. Anti -Racism C.1.3, C.3.1, Working Group utilize Working Group has agreed and Anti- C.3.2, C.3.3, meetings to identify key upon the priority areas/pillars Discrimination C.3.4 priority areas/pillars for based on results of community Work Plan Anti -Racism action plan. survey. Smaller groups formed for each of the priority pillars; action items and KPIs for the applicable priority pillar identified. Disseminate C.1.3, C.3.1, Collaborate with the Anti -Racism plan / key pillars Anti -Racism C.3.2, C.3.3, Communications Division shared on social media, and and Anti- C.3.4 to highlight the Hub. Discrimination Municipality's Work Plan commitment to diversity and inclusion. CIarington's 2024-27 IDEA Strategy Page 231 13 2.5 Implement Intimate Partner Violence (IVP) Actions Staff Training Missing and Murdered Indigenous Women and Girls (MMIWG) Feedback L.1.4, C.3.2 L.1.4, C.3.2, C.3.3, C.3.4 Identify facilitator and training opportunities on Intimate Partner Violence (IPV) and Gender -Based Violence. Identify applicable MMIWG Calls for Justice as it relates to IVP. Community Services and Library Staff have the skills, knowledge and resources needed to identify intimate partner violence and provide necessary support and referrals. Safer community due to actions and training being incorporated into MMIWG Calls for Justice. We welcome your feedback! Please let us know your thoughts on Clarington's Multi -Year IDEA Strategy. By email: diversity@clarington.net By Phone: 905-623-3379 ext. 2563 TTY: 1-844-790-1599 In writing or in person: 40 Temperance Street, Bowmanville ON L1 C 3A6 If you require this information in an alternative format, please contact the IDEA Officer at 905-623-3379 ext. 2563 or diversity@clarington.net. Clarington's 2024-27 IDEA Strategy Page 232 14 as The Corporation of the Municipality of Clarington 40 Temperance Street, Bowmanville, ON L1 C 3A6 1-800-563-1195 Local: 905-623-3379 info@clarington.net www.clarington.net 11 is G� C] ciff-MOOR Clarftwn Staff Report If this information is required in an alternate accessible format, please contact the Accessibility Coordinator at 905-623-3379 ext. 2131. Report To: General Government Committee Date of Meeting: March 4, 2024 Report Number: LGS-015-24 Submitted By: Rob Maciver, Deputy CAO/Solicitor, Legislative Services Reviewed By: Trevor Pinn, Deputy CAO, Finance and Technology Resolution#: Authored by: Jeannette Whynot, Accessibility Coordinator File Number: By-law Number: Report Subject: 2024-2028 Multi -Year Accessibility Plan Recommendations: 1. That Report LGS-015-24, and any related communication items, be received; 2. That the 2024-2028 Multi -Year Accessibility Plan, attached to Report LGS-015-24, as Attachment 1, be approved; 3. That the 2024-2028 Multi -Year Accessibility Plan be posted on Clarington's website in accordance with Regulations; and 4. That all interested parties listed in Report LGS-015-24 be advised of Council's decision. Page 234 Municipality of Clarington Report LGS-015-24 Report Overview Page 2 As required under the Accessibility for Ontarians with Disabilities Act, 2005 (AODA), this report presents Clarington's 2024-2028 Multi -Year Accessibility Plan (MYAP) for Council's consideration and endorsement. 1. Background 1.1 In accordance with the AODA, municipalities are required to establish, implement, maintain, and document a multi -year accessibility plan. This plan outlines the Municipality's strategy to prevent and remove barriers and meets its requirements under Ontario. Reg. 191/11, the Integrated Accessibility Standards Regulation. 2. The Plan 2.1 The plan, included with this Report as Attachment 1, outlines how the Municipality will continue to identify, address, and remove barriers related to accessibility and inclusion for people with disabilities. The Clarington Accessibility Advisory Committee has recommended that Council approve the plan as Clarington's 2024-2028 Multi -Year Accessibility Plan in accordance with the AODA. 3. Financial Considerations 3.1 There are no financial implications associated with the approval of the 2024-2028 Multi - Year Accessibility Plan. 3.2 Individual actions with financial implications are subject to Council approval and will be included as part of budgets or other reports for Council's consideration as appropriate. 4. Strategic Plan 4.1 The MYAP supports the Connect Pillar of Clarington's Strategic Plan by working to create a diverse, equitable and inclusive community. The MYAP advances priority C.3.2 — Reduce Barriers to Municipal programs, services and infrastructure. The initiatives described in the MYAP will contribute to the achievement of Action 3.2.1 — Evaluate Municipal programs and services with a view to improving accessibility and promoting inclusivity based on age, gender, abilities, and socio-economic status. 5. Concurrence Not Applicable. Page 235 Municipality of Clarington Report LGS-015-24 6. Conclusion Page 3 It is respectfully recommended that the attached plan be endorsed as the Municipality of Clarington's Multi -Year Accessibility Plan in accordance with Ontario Regulation 191/11 s.4(1). Staff Contact: Jeannette Whynot, Accessibility Coordinator, net. Attachments: Attachment 1 — 2024-2028 Multi -Year Accessibility Plan Interested Parties: The following interested parties will be notified of Council's decision: Clarington Accessibility Advisory Committee Page 236 Cla Attachment 1 to Report LGS-015-24 Multi -Year Accessibility Plan 2024-2028 Land Acknowledgement The Municipality of Clarington is situated within the traditional and treaty territory of the Mississaugas and Chippewas of the Anishinabeg, known today as the Williams Treaties First Nations. Our work on these lands acknowledges their resilience and their longstanding contributions to the area now known as the Municipality of Clarington. We embrace our journey to understanding our treaty relationships and the invaluable contributions of Indigenous peoples to our community and country. We encourage all residents to reflect and acknowledge the importance of integrating Truth and Reconciliation into our communities where we live, learn and work. Page 237 Page 2 Table of Contents LandAcknowledgement............................................................................................... 1 Statement of Commitment............................................................................................ 3 2024-2028 Multi -Year Accessibility Plan..................................................................... 4 Overview..................................................................................................................... 4 Community Engagement and Input......................................................................... 5 How is the plan organized?...................................................................................... 5 CustomerService...................................................................................................... 6 KeyOutcomes.......................................................................................................... 6 Employment............................................................................................................... 7 KeyOutcomes.......................................................................................................... 7 Information and Communication.............................................................................. 8 KeyOutcomes.......................................................................................................... 8 Transportation........................................................................................................... 9 KeyOutcomes.......................................................................................................... 9 Design of Public Spaces......................................................................................... 10 KeyOutcomes........................................................................................................ 10 LEAD (Leading Equitable and Accessible Delivery) ................................................ 11 Implementation............................................................................................................ 11 Conclusion................................................................................................................... 12 Feedback...................................................................................................................... 12 Page 238 Page 3 Statement of Commitment Under the Accessibility for Ontarians with Disabilities Act (AODA), all organizations must share a public statement of commitment to meeting the needs of people with disabilities. The following is Clarington's statement of commitment: The Municipality of Clarington is committed to providing our community with goods, services, and facilities that are accessible and inclusive to all. We are committed to reducing barriers to municipal programs, services, and infrastructure. We will continue to work with community members and allocate the appropriate resources toward the elimination of barriers in our community. Clarington is committed to meeting the requirements of the AODA and the Ontario Human Rights Code. Page 239 Page 4 2024-2028 Multi -Year Accessibility Plan Overview New findings from the 2022 Canadian Survey on Disability showed that 27% of Canadians aged 15 and older, or 8.0 million people, had one or more disabilities that limit their daily activities. This is an increase of 5 percentage points since 2017 when 22% of Canadians or 6.2 million people, had one or more disabilities'. People with disabilities continue to be the largest minority group in Canada. Disability can affect anyone, at any time, and is not limited by race, gender, religion, or any other characteristic. With this information, it is clear that the needs of people with disabilities cannot be ignored, and we must make a conscious effort to identify and eliminate barriers for people with disabilities. Acknowledging the AODA and its Standards is just the beginning, Clarington will continue to expand on the minimum requirements of this legislation. We will continue to do better for our residents, visitors, and staff. This Plan is a roadmap to creating a better Municipality for everyone. The goals and outcomes laid out in the Plan translate into increased opportunities for people with disabilities to access employment and to fully participate in the social, cultural, political, and recreational life of Clarington. 1 The Daily — Canadian Survey on Disability, 2017 to 2022 (statcan.gc.ca) Page 240 Page 5 Community Engagement and Input The Municipality launched an online engagement survey during the 2023 National AccessAbility Week. This online survey provided the community an opportunity to provide feedback on the updated MYAP (Multi Year Accessibility Plan). The survey offered feedback on various subjects. There were multiple opportunities for participants to provide specific and open-ended feedback. The survey was shared through our social media channels and targeted advertisements were run to further increase survey engagement. The survey was also shared in approximately 14 Facebook community groups. Community -based disability organizations were also contacted to ensure they were aware of the opportunity to provide feedback. In total, 125 responses were received and carefully reviewed by the Accessibility Coordinator and helped inform the updated MYAP. Feedback from the survey was shared with specific Municipal departments and areas of improvement were identified. The Clarington Accessibility Advisory Committee (CAAC) was consulted on the updated MYAP at their June 14, 2023, meeting. Additionally, members of the CAAC were encouraged to provide their feedback anonymously through the public survey. How is the plan organized? The sections below address key areas required by the AODA which include Customer Service, Employment, Information and Communication, Transportation, and the Design of Public Spaces. After each area, there is a sub -section on key outcomes which provides a summary of what we expect to see as a key performance indicator. Page 241 Page 6 Customer Service Technology and assistive devices are constantly evolving, and Clarington is committed to ongoing research and investment into accessible customer service. This includes ongoing training, adding communication aids and embracing the flexibility required to meet diverse needs. We want to be proactive, inclusive, and welcoming to all residents. We have a responsibility to build accessible, responsive, and inclusive spaces. We can do this by: • Offering accessibility aids to support residents who access municipal services, programs, and facilities. Aids such as adult change tables, sledge hockey sleds, skate aids, and personal amplification devices. • Continuing to incorporate mobility device charging stations into the facilities and spaces we own/operate. • Focusing on creating sensory -friendly and wheelchair -accessible activities at community events, municipal spaces, and community centres to create a more inclusive experience. • Continuing to offer on -demand language translation services, including American Sign Language (ASL). • Using Clarington's Inclusive Lens Guide when developing programs and services for the communities we serve. Key Outcomes People of all abilities receive seamless, dignified, and equitable access to services in a timely manner. Municipal staff have access to resources to support accessible customer service. Municipality will be able to track, through user feedback and surveys, a decrease in accessibility barriers and increased satisfaction among people with disabilities. Page 242 Page 7 Employment • Continue to engage with disability organizations to reach potential employees with disabilities. Utilize various disability organization job boards to ensure job postings are being seen by people with disabilities. • Review job postings through an inclusion lens and remove non -essential requirements that may limit applicants with disabilities. • Collaborate with Human Resources to determine different types of training needed for hiring managers to reduce bias in the recruitment and retention of employees with disabilities. • Streamline and integrate employment accommodations for employees with disabilities. • Review and update the return -to -work process. • Continue to offer employees with disabilities individualized emergency response plans. • Use Clarington's Inclusive Lens Guide throughout the hiring process and when developing policies and programs for employees. Key Outcomes Job candidates and Municipal staff with disabilities have the support to join, work effectively, experience career growth, and have opportunities for learning, development, and progression. Ensure equitable, clear, and consistent employment and accommodation policies and procedures that seek to remove systematic barriers. The Municipality will be able to track, through the employee demographic survey an increased number of people with disabilities employed. Page 243 Information and Communication • Continue creating accessible documents and content and offering alternative formats upon request. • Offer staff continuing education opportunities to enhance their ability to create accessible documents. • Recognize, and promote, days of significance such as National AccessAbility Week (NAAW) and International Day of Persons with Disabilities. • Continue monitoring the accessibility of the Municipality's website and web applications to ensure they meet, or exceed, the minimum requirements set out in the AODA. Key Outcomes • Residents, visitors, and employees of all abilities are provided with equitable access to Municipal information. • Municipal staff have access to training and resources to develop and provide information in accessible formats. • During the next Multi -Year Accessibility Plan public survey, the Municipality will see a decrease in the number of respondents who indicate they've experienced an information and communication barrier with us. • Customer feedback surveys will show increased satisfaction with how information is shared by the Municipality. Page 244 Page 9 Transportation Public transportation is the responsibility of the Regional Municipality of Durham. As such, Clarington is not obligated to comply with most of the transportation requirements in the AODA. Active transportation initiatives can be found in the Design of Public Spaces section of this Plan. The Municipality will, with other lower -tier municipalities in Durham, discuss the availability and licensing of accessible on -demand taxis. Lower -tier municipalities in Durham are aware of community concerns about the availability of accessible on -demand taxis and we will work with our counterparts to work on solutions to address the barriers. Key Outcomes • Residents will have increased access to accessible on -demand taxi service in Clarington. • Through the next Multi -Year Accessibility Plan survey, we will see a decrease in transportation -related complaints. • The CAAC has the opportunity to provide feedback to Durham Region Transit. • The Municipality will be able to demonstrate improved access to a range of accessible transportation and related services in the Municipality that are accessible, affordable, convenient, and safe for people with disabilities. Page 245 Page 10 Design of Public Spaces • Complete Rick Hansen Foundation (RHF) accessibility audits of Municipal facilities and develop an action plan for achieving RHF Gold Level Certification. • Using a strategic approach, install Alternative and Augmentative Communication (AAC) picture boards in playgrounds across our communities. • Utilize alternative accessible ground surfaces over woodchipped grounds at community parks to improve opportunities and access for those who use mobility aids or have ambulatory disabilities. • Incorporate more accessible features at local parks, including sensory activities in each part of our community, so that children with disabilities and parents/caregivers with disabilities do not have to travel far to play. • Continue installing Tactile Walking Surface Indicators (TWSI) and Accessible Pedestrian Signals as required under the AODA. • Continue to consult with the Clarington Accessibility Advisory Committee (CAAC) on new, and re -developed, public spaces such as parks, sidewalks, and other community spaces. • Continue to integrate accessibility considerations into multi -use pathways and recreational trails. • Continue to consult with the CAAC on the design and location of accessible parking spaces in both on and off-street locations. • Review snow -clearing operations and programs using an accessibility and equity lens to reduce barriers that limit the mobility of people with disabilities. Key Outcomes Improved accessibility of facilities and public spaces by incorporating accessibility into the design of new/redeveloped facilities and public spaces so that residents, visitors, and employees of all abilities feel welcome. During the next Multi -Year Accessibility survey, the Municipality will see increased satisfaction with spaces covered by the AODA Design of Public Spaces Standard. Page 246 Page 11 LEAD (Leading Equitable and Accessible Delivery) In 2021, the Municipality worked with the Abilities Centre and went through a LEAD Canada assessment. This assessment looked at how accessibility and inclusion is embedded into our organization. LEAD challenges organizational systems and processes to create transformational change that enables full and meaningful participation for people with disabilities. Through this process, the Municipality was given a LEAD Action Plan with a variety of short, medium, and long-term changes. Many of the LEAD Action Plan items for the various departments (Community Services, Communications, Human Resources, etc.) are reflected throughout the Key Outcomes listed above. The Municipality has made numerous strides in addressing these changes and will continue to work through the Improvement Plan. Implementation The absence of timelines in this plan reflects the fact that meeting the accessibility needs of the community must be part of a continuous improvement model. While we are committed to achieving the goals within this plan throughout the 5-year period, we recognize that flexibility is required when removing barriers and managing unknown situations. We will continue to report on our Accessibility Plan progress each year, keeping ourselves accountable for the goals within this document. Page 247 Page 12 Conclusion The actions outlined in this Accessibility Plan will help us pave the way to improvement for all. Accessibility does not belong to one committee, service area, or role. The Municipality embraces accessibility as an organization -wide movement, and we are fully committed to creating a more inclusive community. Feedback We welcome your feedback. Please let us know what you think about the 2024-2028 Multi -Year Accessibility Plan: • By email: accessibility@clarington.net • By Phone: 905-623-3379 x 2131 • TTY: 1-844-790-1599 • In writing: 40 Temperance St, Bowmanville ON L1V 3A6 • In Person: Share your feedback with any Clarington staff member. If you require this information in an alternative format, please contact the Accessibility Coordinator at accessibility@clarington.net Page 248 Clarftwn Staff Report If this information is required in an alternate accessible format, please contact the Accessibility Coordinator at 905-623-3379 ext. 2131. Report To: General Government Committee Date of Meeting: April 8, 2024 Report Number: LGS-016-24 Submitted By: Rob Maciver, Deputy CAO/Solicitor Reviewed By: Mary -Anne Dempster, CAO Resolution#: GG-185-23 Authored by: Rob Maciver, Deputy CAO/Solicitor File Number: L1000-11 By-law Number: 2008-114 Report Subject: Site Alteration By-law Update Recommendations: 1. That Report LGS-016-24, and any related delegations or communication items, be received; 2. That the Site Alteration By-law included as Attachment 2 to Report LGS-016-24, be enacted; and 3. That all interested parties listed in Report LGS-016-24, and any delegations, be advised of Council's decision. Page 249 Municipality of Clarington Report LGS-016-24 Report Overview Page 2 Following a period of public consultation, and in response to a variety of factors, including changes to provincial regulation, enforcement challenges, and administrative obsolescence, this report recommends the enactment of a new Site Alteration By-law. 1. Background Council Direction 1.1 Report LGS-031-23 explained that, due to a variety of factors, including changes to Provincial regulation, enforcement challenges, and administrative obsolescence, the Clarington Site Alteration By-law 2008-114 requires updating. 1.2 Accordingly, at the November 6, 2023 General Government Committee meeting, Resolution #GG-185-23 was passed: That Report LGS-031-23, and any related delegations or communication items, be received; That Staff in the Legislative Services and Planning and Infrastructure Services Departments conduct a public consultation on proposed changes to the Clarington Site Alteration By-law, and report back to Council with a new draft by- law to replace the existing by-law; and That all interested parties listed in Report LGS-031-23, and any delegations be advised of Council's decision. Page 250 Municipality of Clarington Report LGS-016-24 Legislative Authority and Changes Page 3 1.3 The legislative authority for the Municipality to regulate site alteration is found in section 142 of the Municipal Act, 2001, which provides that a municipality may: (a) prohibit or regulate the placing or dumping of fill; (b) prohibit or regulate the removal of topsoil; (c) prohibit or regulate the alteration of the grade of the land; (d) require that a permit be obtained for the placing or dumping of fill, the removal of topsoil or the alteration of the grade of the land; and (e) impose conditions to a permit, including requiring the preparation of plans acceptable to the municipality relating to grading, filling or dumping, the removal of topsoil and the rehabilitation of the site. 1.4 On January 1, 2023, the On -Site and Excess Soil Management regulation came into effect. The regulation establishes standards for soil quality imported or exported from a site, and also enables municipalities to incorporate these standards into their regulatory by-laws. Existing By-law 1.5 By-law 2008-114 was approved arising out of Report EGD-022-08 and Report EGD- 030-08. At the time, there was concerns for materials being placed on properties, concentrated heavy traffic, volume of fill, environmentally protected areas, and agricultural areas. 1.6 The intent of the original by-law was to "to control significant excavation and/or filling of property by requiring that a Permit be applied for which outlines and identifies information which, in turn, will allow the Director to "assess the impact of the fill or alteration on the area affected." The by-law provides for a comprehensive list of exceptions to the by-law provisions. 1.7 The 2008 by-law has been amended once, through By-law 2012-022, arising out of Report EGD-010-12, in order to add sections related to public meetings, permit fees, permit time limits, restrictions on source sites, new definitions, and a reduction in hours of operation. Page 251 Municipality of Clarington Page 4 Report LGS-016-24 2. Consultation Process 2.1 In December 2023, Clarington initiated a public consultation process regarding proposed changes to the Site Alteration By-law. This process entailed the following activities: • notice published on the Clarington website on both a dedicated page and on the site alteration information page; • Public Information Centre on January 25, 2024; • a social media campaign; • notice in the Orono Weekly Times; and • inclusion on online Durham Region News. 2.2 The input received from the consultation process has been summarised in the Public Consultation Comment Matrix included as Attachment 1 to this Report. 2.3 Some of the recurrent themes of the input received are also summarized in the section below. 3. Public Input Public Input 3.1 Concerns were expressed that tracking and monitoring of site alteration across the Municipality must be closely followed and that material outside of Clarington should not be permitted. 3.2 Input was provided to request that tipping fees associated with site alteration in Clarington should be consistent with adjacent municipalities. 3.3 Oral and written comments were submitted on the theme of appropriate monetary fine amounts, and that these fine amounts should be clearly identified in the By-law. 3.4 Some commentators emphasized the importance of the role of the Qualified Person and the need for this person to provide unbiased advice that includes a thorough analysis of concerns as well as detailed instructions and records about soil testing. 3.5 Fears were expressed that applicants would not abide by approved haul routes and schedules. There is a need for diligence in the approval and monitoring of these details, Page 252 Municipality of Clarington Report LGS-016-24 Page 5 and consequences for any infractions. Also, that limits should be imposed on the number of trucks per day, as well as start and end times. 3.6 Comments were received that applicants should be required to use mitigation measures to reduce unwanted noise, dust, and other negative impacts. Local Landscaping and Excavation Business Input 3.7 Requests were submitted that the By-law should be carefully tailored to eliminate the potential for unforeseen and unintended application of exemptions. 3.8 Additional comments were provided to suggest that at the completion of the site alteration work, the source site should receive a final inspection to confirm compliance with the approved Grading Plan provided with the permit. Other Input 3.9 Regulation of site alteration commonly involves cooperation with the conservation authority, especially when the area affected is also regulated under the Conservation Authorities Act. Staff have therefore consulted with and received input from CLOCA to ensure that their specific concerns are addressed. 4. Proposed By-law Changes 4.1 The objectives of the proposed By-law are: • to protect the environment; • to recognize the Municipality's responsibility to support responsible development; • to recognize a landowner's right to alter land to prepare it for development; • to protect the natural environment and human health; • to align Municipal requirements with the Provincial excess soil regulations and industry best practices; • to limit adverse impacts to the local community and to Municipal infrastructure; and • to effectively monitor and enforce its provisions and to achieved high levels of compliance. Page 253 Municipality of Clarington Report LGS-016-24 Page 6 4.2 Below is a summary of the key proposed changes to the By-law, based on the needs identified by Staff, together with the input received during the consultation process. 4.3 The Ontario government introduced Ontario Regulation 406/19 On -Site and Excess Soil Management to reduce the amount of soil going into landfills and to further regulate excess soil management. The regulation includes new requirements for documentation and soil tracking. Consistent with the regulation, the proposed By-law requires that a Qualified Professional certify the application to confirm that it meets all conditions set forth in the regulation for on -site and excess soil management. 4.4 Another key provision is the elimination of the blanket exemption from the permit requirement for site alteration in connection with the issuance of a building permit. The proposed By-law provides for a much more scoped opportunity for exemption at the discretion of the Deputy CAO/Planning and Infrastructure Services, which will curtail any opportunity for abuse. 4.5 The blanket exemption for contractor's yards has also been eliminated in favour of a more tailored approach. 4.6 The proposed By-law introduces additional limits on temporary stockpiles of fill to ensure that they do not become excessive. 4.7 Much more detail has been included in the proposed By-law to enhance and clarify the permit application requirements and owners' responsibilities. This will provide for much greater control and certainty about permitted site alteration activities, including more fulsome background information, and avoidance of disturbances to the surrounding community. 4.8 The proposed By-law would introduce a limited ability to permit the importation of topsoil or fill from source sites outside of Clarington in circumstances where a local source is not available. All imported material would be subject to stringent screening requirements. 4.9 The proposed By-law provides for increased permit fees and tipping fees to provide a measure of cost recovery for Staff time involved in the permitting and enforcement aspects of the regulation. 5. Enhancements to Enforcement 5.1 An important component of the effectiveness of regulation is an appropriate financial deterrent in the form of fines. Page 254 Municipality of Clarington Report LGS-016-24 Page 7 5.2 Important concerns were expressed by members of the public that the fine amounts in the current by-law may not adequately reflect the severity of some of the more serious offences. 5.3 To reassure Council and residents that the fine amounts will be proportionate, Staff can indicate that the new by-law has been updated to include the maximum permissible fine amounts under the Provincial Offences Act. While every offence will warrant the maximum penalty, it is important that the Municipality have this option available for the worst offenders. 5.4 Issuance of fines can be a cumbersome task, which in some cases requires Court approval. As a result, enforcement can sometimes be delayed due to these requirements. To curb the effect of delays, Staff have also included a provision for set fines in the new by-law. Set fines are pre -determined fine amounts that are authorized in advance by the Ministry of the Attorney General. The introduction of set fines will simplify the process for Municipal Law Enforcement Officers to issue notices of offence, and Staff are optimistic that this will create a greater deterrence against illegal activity. 6. Public Awareness 6.1 During the public consultation process, the Municipality received valuable input on the need for publicity surrounding the new by-law. 6.2 Staff routinely discuss site alteration regulations with the Agricultural Advisory Committee, but further efforts may be needed to raise awareness outside of the agricultural community. 6.3 To enhance this awareness, Staff are proposing to include messages about site alteration in the Municipal Law Enforcement communications plan that is currently under development. 6.4 It is further proposed that as part of our communications, Staff would advertise a "tip line" that residents can call to report suspicious activity related to the importation or removal of fill material. In this way we would hope to encourage residents to contact the Municipality when they witness unusual activity, and to simplify the process for doing so. Page 255 Municipality of Clarington Page 8 Report LGS-016-24 7. Financial Considerations The revenue implications of the proposed By-law have been discussed with Financial Services Staff who are supportive of the changes. Additional accounting updates have been made to enhance reporting ability on site alteration activities in the Municipality. 8. Concurrence This report has been reviewed by the Director of Planning and Infrastructure Services who concurs with the recommendations. 9. Conclusion It is respectfully recommended that Council approve the proposed new Site Alteration By-law attached to this report, to better position the Municipality to effectively respond to the growing challenges associated with the regulation of site alteration. Staff Contact: Rob Maciver, Deputy CAO/Solicitor, 905-623-3379 or rmaciver@clarington.net. Attachments: Attachment 1 — Public Consultation Comment Matrix Attachment 2 — Draft Site Alteration By-law Interested Parties: The following interested parties will be notified of Council's decision: List of Interested Parties available from Department. Page 256 Attachment 1 to Report LGS-016-24 Source Comment Response Change required The presentation mentioned exceptions to not allowing fill from outside Clarington. I still think there should be no exceptions. Current regulations require the movement of fill be uploaded on the registry and the Municipality will be requiring electronicAcknowledged. 1 But if necessary the exception should be severely monitored and controlled. And the penalty for exceeding the exception tracking system. Will be addressed should be very severe. I'm not sure that Clarington can effectively manage an exception given it is unable to monitor/police in by-law update. what's going on today. Why allow an exception that can't be controlled? Just asking for trouble. You need to advertise that this by-law exists and its purpose. I didn't know about it before. There are many important by-laws Acknowledged - Develop Communication Plan in Clarington - maybe look at including a brief summary of a different by-law each time a tax bill is sent out. Everyone reads their tax bill. How do you determine if someone is moving fill without a permit? This would include getting a permit but moving more or The Municipality relies on residents to report movement of fill, different fill than permitted. Perhaps offer a small reward upon conviction.... maybe free admission to something typical for any by-law. Staff follow up when they witness movement. Fines will continue to be assessed in accordance with the The fines should be aligned with how much fill has been moved and is it a company or an individual..or both. severity of the violation, however the addition of set fines willallow officers to issue immediate offense notices in appropriate circumstances Monitoringis going to be tough articular) with ravel its as it might be easy to "hide" fill deepin the it g g g particularly g p g y p The Municipality will need to be vigilent in order to detect illegal filling before it causes environmental damage Will this bylaw use RPRA to assist in tracking and monitoring? Acknowledged. Will be addressed in by-law update. Also publicize Clarington's target to complete the permitting The By-law will updated in 2024. The QP will meet the requirements of the Regulation. The qualified person qualified person" means, 1) needs to be unbiased 2) should not be on the contractor's payroll but provided by an outside agency paid for by the applicant (a) subject to clause (b), a qualified person within the meaning 2 3) strict instructions on how often soil and water are tested (What goes into the soil is reflected in our water. If our water of section 5 of Ontario Regulation 153/04, and Acknowledged. Will be addressed becomes contaminated it is next to impossible to remediate) in by-law update. 4) immediate stop if any contaminated soil is found and removal of that soil to a proper site for remediation (b) for the purposes of subsections 5 (2) to (5), 6 (4), 5) astronomically high fines for bringing any contaminated soil into Clarington. paragraph 7 of subsection 19 (4), section 20 and section 13 of We are talking about peoples' lives being affected for generations if our soil and water are not kept clean Schedule 1, a qualified person within the meaning of section 5 or 6 of Ontario Regulation 153/04; ("personne competente") At this time soil moved in Clarington needs to originate in Clarington. If this is changed the Municipality will need to be even Current regulations require the movement of fill be uploaded on more diligent in monitoring where the soil is coming from. This requires enforcement that happens immediately when a concern the registry and the Municipality will be requiring electronic Acknowlegded. Will be addressed 3 is raised. Perhaps expanding it to originate only in Durham Region. We need to make sure soil being moved from another tracking system. in by-law update. jurisdiction's dumpsite is not dumped in Clarington. This is what happened with the Morgans Road large fill site. This soil came from Front Street in Toronto. This should never, ever happen again. There was talk of exemptions. But no clear picture on how this would work, who qualities, what amount of soil would be Exemptions will be fully articulated when the by-law is drafted Acknowlegded. Will be addressed 4 allowed. in by-law update. At this time when a complaint is made through the online procedure there is no guarantee that some one is going to attend to By-law complaints are investigated in priority to the risks posed this matter immediately. How is this going to be addressed? How are complaints going to be dealt with during off hours i.e. to safety and human health. Site alteration complaints receive 5 weekends, after 5 p.m. and late at night. high priorty for response. If illegal filling is suspected outside of regular hours, officers will be placed on duty to investigate and respond. 6 Fines for illegal dumping need to extremely high as hauling fill is a very, very lucrative business and unless the fines are high, Fine amounts are not insignificant, and it is also open to the Acknowlegded. Will be addressed contractors just eat the cost of the fine and carry on. Hauling schedules and routes need to be clearly outlined and adhered to by the applicant. Also, the number of trucks per hour, Municipality to pursue restoration of the property. in by-law update. These concerns will be addressed under the requirement for a 7 day, start and end times. Things like dust and noise (tailgate banging) need to be kept at a Minium. Fill Control Plan Acknowlegded. Will be addressed in by-law update. 11 The trucks doing the hauling need to be road worthy and all drivers qualified. I realize this does not fall under the Municipalities This issue is governed by the Highway Traffic Act. jurisdiction but it cannot hurt for it to be known that Clarington will request random inspections. The source site and destination site need to closely monitored. If fill is coming from a remediation site documentation of where Currently required under the MECP for brownfield sites. 12 this soil was removed from in the first place and how long it had been on site for remediation before being trucked to its final Contaminated fill must be directed to an appropriate disposal destination. site outside of Clarington. Page 257 13 Tipping fees need to be consistent with neighbouring communities. Acknowlegded. Will be addressed in by-law update. Grading to the plan presented with the original application must be fulfilled. Consider a reimbursable fee that is returned once the grading is completed and inspected and signed off by a qualified inspector. This fee needs to high enough that if the Acknowlegded. Will be addressed 14 grading has not been done as planned then Clarington can hire the necessary people to do this grading and pay for it out of in by-law update. these funds. This note is with regard to the proposed revisions to Clarington's Site Alteration By -Law. In addition to the refinements being Issues of pre -servicing are regulated within the context of land considered we feel it is important that additional measures be incorporated which allows for the pre -servicing of development development legislation and by-laws, and are not wthin the sites in advance of having a final subdivision / site plan agreement. This has been common practice in many municipalities scope of the proposed Site Alteration By-law. which is most beneficial in servicing sites in a timely manner bringing more housing supply to the marketplace. It would be 16 understood that this option would have requirements related to securities, level of engineering approval etc., however, given the significant amount of restrictions governing the construction period and the challenges of dealing with weather conditions the ability to be more flexible and allow servicing to proceed sooner has far reaching positive benefits. I anticipate that this request will be given careful consideration and I would be pleased to discuss at your convenience 17 Item 1.3 (a) — I think this wording needs to be reviewed by an environmental consultant, my understanding was that based on This would be the responsibility of the QP to determine that the Acknowlegded. Will be addressed 18 the new regs soil movement was to be easier and new tables were introduced to facilitate this. Regulation is being adhered to and provide supporting in by-law update. documentation. 19 Item 1.9.1 — Would the municipality consider including the volume that considers a large fill operation? Most tipping fees to not apply to development sites. Item 5.2 (b) — would the municipality consider removing the $1 cu.m fee for large fill operations? What is the intent of this? It is proposed that fees would increase, not decrease. 20 Appropriate exemptions are provided for large scale development related activity. 21 22 What a surprise to learn that this bylaw, protecting our land from the contaminated soil from outside the municipality, is The by-law requires updating to meet the current regulations undergoing amendment. Why is this amendment even being considered? The current bylaw was fought for long and hard and and strengthen the ability of enforcement, to require electronic has served us well. How is this amendment even close to being consistent with a municipal approach to greener living? tracking, and to ensure the material is coming from the source site outlined in the permit. Saying no to this update will I have read the various feedback articles, but I still feel the best approach is to just say NO compromise the Municipality's ability to respond to the challenges of illegal filling. To this proposal To increased truck travel on our roads, To risking the health and safety of our citizens To the import of contaminated material To the noise and air pollution To jeopardizing the health of our soil and water Municipalities outside Clarington need to take responsibility for their own contaminated landfill. Just say NO 23 Page 258 Attachment 2 to Report LGS-016-24 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON BY-LAW NUMBER 2024-XXX Being a by-law to regulate the placing or dumping of fill, removal of topsoil, and the alteration of the grade of land WHEREAS subsection 142(2) of the Municipal Act, 2001, S.O. 2001, c.25, as amended, authorizes the Municipality of Clarington to prohibit or regulate the placing or dumping of fill, the removal of topsoil, or the alteration of the grade of land; AND WHEREAS subsection 142(2) of the Municipal Act, 2001, S.O. 2001, c.25, as amended, further authorizes the Municipality of Clarington to require that a permit be obtained for the placing or dumping of fill, the removal of topsoil, or the alteration of the grade of land; AND WHEREAS the Municipal Council has adopted the recommendations contained in staff report LGS-XXX-XX; NOW THEREFORE the Council of the Corporation of the Municipality of Clarington enacts as follows: DEFINITIONS 1. In this By -law - "Adversely Effect" has a meaning that includes, but is not limited to: a) impairment of the quality of the natural environment for any use that can be made of it; b) injury or damage to Property or to plant or animal life; c) harm or material discomfort to any person; d) detriment to human health; e) impairment of the safety of any person; f) rendering any Property or plant or animal life unfit for human use; g) loss of enjoyment of normal use of Property; or h) interference with the normal conduct of business; Page 259 Attachment 2 to Report LGS-016-24 "Aggregate" means a collective term for the mineral materials such as sand, gravel and crushed stone that can be used with a binding medium to form compounds such as concrete; "Applicant" means the Owner of a Property and includes a Person authorized in writing to act on behalf of the Owner to apply for a Permit; "Application" means a written submission to request or amend a Permit; "Chief Building Official" means the Chief Building Official appointed by the Municipality under the Building Code Act, 1992; "Compost" means a mixture of various decaying organic substances such as dead leaves or manure; "Condition(s)" means the mandatory performance requirements outlined in a Permit or Order and may include the requirement for monetary deposits or securities in connection with the Application; "Conservation Authority" means the Central Lake Ontario Conservation Authority, the Ganaraska Region Conservation Authority, the Kawartha Lakes Conservation Authority, or the Otonabee Region Conservation Authority as the context requires; "Contamination" means any substance or material in a concentration that exceeds the limits established under any applicable legislation; "Deputy CAO" means the Deputy CAO of Planning and Infrastructure Services for the Municipality, or designate, or equivalent; "Dump" means activity that includes, but is not limited to, stripping, removing, moving, transporting, importing, exporting or placing of any Fill or Topsoil into, out of or upon lands within any single or adjacent properties within the Municipality; "Enforcement Officer" means an individual whose duties include the enforcement of this By-law; "Fill" means any type of material removed from or Placed on lands and includes, but is not limited to: a) Aggregate; b) concrete; c) Compost; Page 260 Attachment 2 to Report LGS-016-24 d) Flock; e) sod; or f) Soil; "Finished Grade" means the elevation of the ground surface of land upon which Fill has been Placed or Dumped or after alteration of the Grade has occurred; "Flock" means an aggregation of one or more naturally occurring minerals that is 2 millimetres or larger in size or that does not permeate the US No. 10 sieve; "Grade" means the elevation of an existing ground surface, except where the Placing or Dumping of Fill or the alteration of the then existing ground surface has occurred in contravention of this By-law in which case Grade means the elevation of the ground surface as it existed prior to the occurrence of such Placing or Dumping of Fill on or alteration of the existing ground surface; "Guidelines" means the Application, supporting documentation and Conditions applicable to a Permit, as determined by the Deputy CAO, to be used for the purpose of administrating this By-law; "Inspector" means the Deputy CAO, or an Enforcement Officer; "Large Fill Operation" means an operation that involves Placing, Dumping, or removing more than 500 cubic metres of Fill; "Liquid Soil" means Soil that has a slump of more than 150 millimetres using the Test Method for the Determination of "Liquid Waste" (slump test) set out in Schedule 9 of the Waste Management Regulation, R.R.O. 1990, Reg. 347; "Minor Fill Operation" means an operation that involves Placing, Dumping, or removing less than 100 cubic metres of Fill; "Municipality" means The Corporation of the Municipality of Clarington, or its geographical area, as the context requires; "Owner" means the registered owner of a Property; "Permit" means a formal written authorization issued by the Municipality pursuant to this By-law; "Person" means an individual or a corporation; Page 261 Attachment 2 to Report LGS-016-24 "Place" means the distribution of Fill on lands to establish a Finished Grade higher or lower than the Existing Grade and "Placement", "Placing", and "Placed" in relation to Fill have the same meaning; "Property" means land including any building or structures appurtenant thereto; "Proposed Grade" means the proposed elevation of the ground surface of land upon which any Fill is proposed to be Placed; "Qualified Person" has the same meaning as found in the Ontario Environmental Protection Act, R.S.O. 1990, c. E.19; "Retaining Wall" means a wall designed to contain and support Fill which has a Finished Grade higher or lower than that of adjacent lands; "Site Alteration" means alteration of the existing Grade of a Property through the removal, Placement, relocation, or movement of Fill; "Small Fill Operation" means an operation that involves Placing, Dumping or removing between 100 and 500 cubic metres of Fill; "Soil" means unconsolidated naturally occurring mineral particles and other naturally occurring materials resulting from the natural breakdown of rock or organic matter by physical, chemical or biological processes that are smaller than 2 millimetres in size or that permeate the US No. 10 sieve; "Swale" means a shallow depression in the ground sloping to a place for disposal for the purpose of providing a method of drainage of surface water; "Topsoil" means those horizons in a Soil profile, commonly known as the "O" and the "A" horizons, containing organic material and includes deposits of partially decomposed organic matter such as peat; "User Fee By-law" means the Clarington User Fee By-law 2023-044, as amended, or its successor; "Watercourse" means a natural or man-made channel or swale in which a flow of water occurs, either continuously or intermittently with some degree of regularity; and "Zoning By-law" means any applicable by-law passed by the Municipality pursuant to section 34 of the Planning Act. Page 262 Attachment 2 to Report LGS-016-24 APPLICATION 2. This By-law applies to all Property within the geographical boundaries of the Municipality, unless otherwise specified in this By-law. PROHIBITIONS 3. No Person shall Place or Dump Fill or Topsoil, or cause or permit Fill or Topsoil to be Placed or Dumped, except in accordance with a Permit issued under this By-law. 4. No Person shall Place or Dump Fill or Topsoil, or cause or permit Fill or Topsoil to be Placed or Dumped, if the Fill or Topsoil originates from outside the boundaries of the Municipality, except in accordance with a Permit issued under this By-law that expressly provides for the importation of such Fill or Topsoil. 5. No Person shall remove Soil, or cause or permit the removal of Soil, except in accordance with a Permit issued under this By-law. 6. No Person shall make an alteration to the Grade of land, or cause or permit the alteration to the Grade of land, except in accordance with a Permit issued under this By-law. 7. No Person shall fail to comply with the terms and conditions of a Permit. EXEMPTIONS 8. This By-law does not apply to: (a) activities or matters undertaken by the Municipality or a local board of the Municipality; (b) the Placing or Dumping of Fill, removal of Topsoil, or alteration of the Grade of land imposed after December 31, 2002 as a condition to the approval of a site plan, a plan of subdivision or a consent under section 41, 51, or 53 respectively, of the Planning Act or as a requirement of a site plan agreement or a subdivision agreement executed and in good standing entered into under those sections; (c) the Placing or Dumping of Fill, removal of Topsoil, or alteration of the Grade of land imposed after December 31, 2002 as a condition to a development permit authorized by regulation made under section 70.2 of the Planning Act or as a requirement of an agreement entered into under that regulation; (d) the Placing or Dumping of Fill, removal of Topsoil, or alteration of the Grade of land undertaken by transmitter or distributor, as those terms are defined in Page 263 Attachment 2 to Report LGS-016-24 section 2 of the Electricity Act, 1998, for the purpose of constructing and maintaining a transmission system or a distribution system, as those terms are defined in that section; (e) the Placing or Dumping of Fill, removal of Topsoil, or alteration of the Grade of land undertaken on land described in a license for a pit or quarry or a permit for a wayside pit or wayside quarry issued under the Aggregate Resources Act; (f) the Placing or Dumping of Fill, removal of Topsoil, or alteration of the Grade of land undertaken on land in order to lawfully establish and operate or enlarge any pit or quarry on land, (i) that has not been designated under the Aggregate Resources Act or a predecessor of that Act, and (ii) on which a pit or quarry is a permitted land use under a by-law passed under section 34 of the Planning Act; (g) the Placing or Dumping of Fill, removal of Topsoil, or alteration of the Grade of land undertaken as an incidental part of drain construction under the Drainage Act or the Tile Drainage Act; (h) the Placing or Dumping of Fill, removal of Topsoil, or alteration of the Grade of land undertaken in accordance with an order issued pursuant to the Municipality's Property Standards By-law; (i) the Placing or Dumping of Fill, removal of Topsoil, or alteration of the Grade of land undertaken for the purpose of lawn dressing, landscaping, adding to flower beds or vegetable gardens, provided that: (i) there is no change in the location, direction, or elevation of any natural or artificial watercourse, open channel, Swale or ditch used to drain land; and (ii) the functionality of any drainage infrastructure is not impeded; 9. Notwithstanding any other provision of the By-law, the Deputy CAO may, in their sole discretion, exempt an Applicant/Owner from the requirement for a Permit if there is a concurrent building permit application for the same Property, and if they are satisfied that the objectives of this By-law would not be unduly compromised; Page 264 Attachment 2 to Report LGS-016-24 10. Notwithstanding any other provision of this By-law, the temporary storage of Fill at business locations such as a garden center, contractors' yard, aggregate distribution yard, or Fill storage yard, or similar facility may be exempted from the requirement for a Permit at the sole discretion of the Deputy CAO provided the following conditions are satisfied: (a) the exemption is in writing from the Deputy CAO, which exemption may at any time be revoked by the Deputy CAO, acting reasonably; (b) there are no Adverse Effects; (c) the business is authorized pursuant to the relevant zoning regulations; (d) there is no permanent alteration to the existing Grade; (e) the period of temporary storage is reasonable in relation to the business activities; (f) regular movement of Fill is actively occurring; (g) Soil is not being processed on site; (h) the Fill is not comprised of Liquid Soil; (i) the activities comply with Ontario Regulation 406/19 On -Site and Excess Soil Management; Q) A site plan is provided that illustrates storage pile locations, type of material, and volumes; and (k) Storage piles do not exceed 4 metres in height. 11. This By-law does not apply to the removal of Topsoil as an incidental part of a normal agricultural practice including such removal as an incidental part of sod - farming, greenhouse operations, and nurseries for horticultural products provided it does not include the removal of Topsoil for sale, exchange or other disposition. DELEGATION 12. The Deputy CAO is authorized to approve all policies, procedures, forms and other documents and to make such decisions and approvals, and to exercise such discretion on behalf of the Municipality as necessary to administer this By- law. Page 265 Attachment 2 to Report LGS-016-24 PERMITS 13.An Owner, or an authorized agent for an Owner, may apply to the Municipality for a Permit for activities that would otherwise be prohibited by this By-law by submitting a completed Application in a form required by the Deputy CAO. 14. An Applicant for a Permit under this By-law is subject to the fees contained in the User Fee By-law. The Deputy CAO is authorized to waive the fees if, in their sole discretion, it is appropriate and in the public interest to do so. 15. In addition to any other requirement of this By-law, the Deputy CAO may require an Applicant to submit with an Application, any information, or materials reasonably required to evaluate the Application, including but not limited to: (a) details of the Proposed Grade and drainage system to be used upon completion of the work; (b) a description of the proposed Fill, including its source location; (c) geotechnical reports as to content and quality of the proposed Fill, prepared and certified by a Qualified Person in compliance with the requirements of Ontario Regulation 406/19 On -Site and Excess Soil Management; (d) a written statement from a Qualified Person certifying that the Fill contains no Contamination; (e) such other studies and reports as are necessary to properly assess the application, including studies and reports required under the Clarington Official Plan and the Oak Ridges Moraine Conservation Plan, and fees to cover the peer review of such studies and reports; (f) details as to the species, Grade at base, height, and diameter, of any shrubs, trees and hedges in the vicinity of the subject Property together with a tree preservation plan; (g) an identification and description of any natural heritage features, hydrologically sensitive features, or related vegetation protection zones, or lands designated as Environmental Protection situated on the subject Property; (h) proof of Conservation Authority approval, if applicable; (i) a plan showing the design details to proper scale of any Retaining Wall that may be required and the dimensions of any materials to be used in construction of such Retaining Wall; or Page 266 Attachment 2 to Report LGS-016-24 Q) financial security in an amount reasonably required to ensure the Site Alteration and all work required as a condition of Permit issuance including erosion and sediment control, signage, mud cleanup, dust control and road damage, is undertaken in accordance with the requirements of the Permit. 16. In addition to any other requirement of this By-law, the Deputy CAO may require an Applicant to submit a Fill control plan that is satisfactory to the Deputy CAO and that shall include, but not necessarily be limited to, the following: (a) a key map showing the location of the proposed work, including the nearest major intersection and north arrow; (b) the area and dimensions of the subject Property; (c) information to confirm the existing and proposed land uses of the subject Property, and the location and use of buildings and other structures on the subject property or an adjacent property; (d) the location, dimensions and use of any building and other structures existing or proposed to be erected on the subject Property; (e) the location of any lakes, streams, wetlands, channels, ditches, or other watercourses or bodies of water situated on or near the subject Property; (f) information to confirm the location of any areas regulated under the Conservation Authorities Act; (g) the location and identification of the predominant existing Soil types in the vicinity of the subject Property; (h) the location and dimensions of any existing and proposed storm water drainage systems and natural drainage patterns in the vicinity of the subject Property; (i) the location and dimensions of utilities, structures, roads, highways and paving located in the vicinity of the subject Property; 0) the existing topography in the vicinity of the subject Property; (k) details of the Proposed Grade; (1) the location and dimensions of all proposed land disturbance activities, including construction of access roads; Page 267 Attachment 2 to Report LGS-016-24 (m)the location, dimensions, design details and design calculations of all construction site erosion control measures that may be necessary to minimize the impact of the proposal; (n) the anticipated starting and completion dates of each land disturbance or land development activity; (o) provisions for the maintenance of the construction site, erosion control, vegetation retention or restoration, and dust control measures during and after construction, as required; (p) a plan of proposed external haul routes and daily schedule for hauling, including a plan showing signage; (q) the scale of drawing, ranging from 1:250 to 1:1000 as deemed appropriate (each drawing control plan to be in metres); (r) an indication on the drawing of directions of overland water flow and overland flow route; or (s) any information, plans or studies required by Ontario Regulation 140/02. 17. For greater clarity, the Deputy CAO shall refuse any Application in any of the following circumstances: (a) the Owner of the subject Property has not consented in writing to the Placing or Dumping of Fill or to the removal of Topsoil or to alteration of the Grade; (b) the Placing or Dumping of Fill is in contravention of any Federal, Provincial or Municipal laws, by-laws, notices, regulations, permits or agreements; (c) the Placing or Dumping of Fill or alteration of the Grade will result in a change to any Grade established by a grading and drainage plan approved by the Deputy CAO including, without limitation, a grading and drainage plan in relation to any subdivision, re -zoning, site plan or building permit approval; (d) where reasonable grounds exist to believe that the work would result in any Adverse Effects, including any possible negative impact to Municipal pavement, ditches, culverts, sidewalks, facilities or other infrastructure or services; or (e) the Fill includes demolition materials, toxic or hazardous materials, glass, raw sewage, Contamination, or construction refuse or debris. Page 268 Attachment 2 to Report LGS-016-24 18.An Application may be deemed abandoned and closed in the sole discretion of the Deputy CAO, if within 90 days from the date it was submitted to the Municipality, the Applicant has failed to provide any required information or materials. 19.A Permit shall expire 90 days after the day on which it is issued pursuant to this By-law, unless otherwise specified within a Permit. 20.A Permit may be renewed at any time prior to its expiry for an additional 90 day period subject to payment of the renewal fee in accordance with the User Fee By-law, provided that no other details of the Application are modified. 21.The Deputy CAO has the discretion to revoke a Permit in circumstances in which they deem it to be appropriate, including but not limited to: (a) a Permit obtained on mistaken, false or incorrect information; (b) a Permit issued in error; (c) a request for revocation in writing from the Applicant; or (d) non-compliance with any terms or conditions of the Permit or of this By- law. 22. The Deputy CAO may attach to any Permit such terms and conditions as considered by the Deputy CAO to be necessary and appropriate. 23. Without limiting the generality of other Sections of this By-law, as a condition of issuing a Permit, the Deputy CAO may, in their sole discretion, require an Applicant to enter into an agreement with the Municipality to ensure that the Site Alteration is done in accordance with the objectives of this By-law, and the Deputy CAO is authorized to execute such agreements on behalf of the Municipality. ENFORCEMENT 24. Where any Person contravenes any provision of this By-law, an Enforcement Officer may direct such Person to comply with this By-law and every Person so directed shall comply with such direction without delay. 25. Where an Enforcement Officer has reasonable grounds to believe that an offence has been committed by a Person, the Enforcement Officer may require the name, address, and proof of identity of that Person, and the Person shall supply the required information. Page 269 Attachment 2 to Report LGS-016-24 26. If an Enforcement Officer is satisfied that a contravention of this By-law has occurred, the Enforcement Officer may make an order requiring the person who contravened the By-law or who caused or permitted the contravention or the owner or occupier of the land on which the contravention occurred to discontinue the contravening activity, and any person who contravenes an order under this section is guilty of an offence. 27. If an Enforcement Officer is satisfied that a contravention of this By-law has occurred, the Enforcement Officer may make an order requiring the person who contravened the By-law or who caused or permitted the contravention or the owner or occupier of the land on which the contravention occurred to do work to correct the contravention, and any person who contravenes an order under this section is guilty of an offence. 28.An order may be served; (a) personally to whom it is directed; (b) by regular mail to the last known address of the Person; (c) by registered mail to the last known address of the Person; or (d) by placarding the Order at the pertinent Property. 29. If an order is served personally or by way of placarding at the Property, service is deemed to have occurred on the date of the personal service or the placarding. 30. If an order is served via regular or registered mail service is deemed to have occurred 3 business days after the day it was sent. 31. No Person shall fail to comply with an order issued under this By-law. 32. If a Person is directed or required by the Municipality to do a matter or thing pursuant to the authority of this By-law, in default of it being done by the Person directed or required to do it, the matter or thing shall be done at the Person's expense. PRESUMPTION 33. Where any Site Alteration occurs, is undertaken, caused or permitted on any Property, the Owner of the Property is presumed to have undertaken, caused, or permitted the Site Alteration to occur, which presumption may be rebutted by evidence to the contrary on a balance of probabilities. Page 270 Attachment 2 to Report LGS-016-24 POWERS OF ENTRY 34.An Enforcement Officer, whether alone or accompanied by an individual possessing special or expert knowledge or skills, may enter on land that is subject to this By-law at any reasonable time for the purpose of carrying out an inspection to determine whether or not the following are being complied with: (a) this By-law; (b) a direction or order of the Municipality made under the Municipal Act, 2001, S.O. 2001, c. 25 or this By-law; or (c) an order made under section 431 of the Municipal Act, 2001, S.O. 2001, c. 25. 35. For the purposes of an inspection under this By-law, an Inspector may: (a) require the production for inspection of documents or things relevant to the inspection; (b) inspect and remove documents or things relevant to the inspection for the purpose of making copies or extracts; (c) require information from any person concerning a matter related to the inspection; and (d) alone or in conjunction with a person possessing special or expert knowledge, make examinations or take tests, samples or photographs necessary for the purposes of the inspection. 36. In addition to any other provision of this By-law, and subject to the provisions of the Municipal Act, 2001, S.O. 2001, c. 25, a provincial judge or justice of the peace may issue an order authorizing the Municipality to enter on land, including a room or place actually being used as a dwelling, for the purpose of carrying out an inspection to determine whether or not the following are being complied with: (a) this By-law; (b) a direction or order of the Municipality made under the Municipal Act, 2001, S.O. 2001, c. 25 or this By-law; or (c) an order made under section 431 of the Municipal Act, 2001, S.O. 2001, c. 25. Page 271 Attachment 2 to Report LGS-016-24 OBSTRUCTION 37. No person shall hinder or obstruct, nor attempt to hinder or obstruct, either directly or indirectly, an Enforcement Officer, employee and/or agent of the Municipality in the lawful exercise of a power or duty under this by-law. OFFENCES 38. Every person who contravenes any provision of this By-law is guilty of an offence and upon conviction is liable to a fine as provided for by the Provincial Offences Act, R.S.O. 1990, Chapter P.33, as amended. 39. Pursuant to the authority established in section 429(2) of the Municipal Act, 2001, S.O. 2001, c. 25, every person who contravenes any provision of this By-law is guilty of an offence and upon conviction pursuant to Part III of the Provincial Offences Act, R.S.O. 1990, Chapter P.33, as amended, shall be subject to the following penalties: (a) Upon a first conviction is liable to a fine of not more than $25,000; and (b) Upon subsequent conviction(s) is liable to a fine of not more than $100,000. 40. Each day on which a person contravenes any provision of this By-law shall be deemed to constitute a separate offence under this bylaw as provided for in section 429(2) of the Municipal Act, S.O. 2001, c. 25. 41. If any Person is in contravention of any provision of this By-law, and the contravention has not been corrected, the contravention of the provision shall be deemed to be a continuing offence for each day or part of a day that the contravention remains uncorrected. 42. Where any Person contravenes any provision of this By-law, such Person shall be responsible for all costs incurred by the Municipality directly related to the contravention. SEVERABILITY 43. If any section or sections of this By-law, or parts thereof are found by any court of competent jurisdiction to be illegal or beyond the power of the Municipal Council to enact, such section or sections or parts thereof shall be deemed to be severable from this By-law and all remaining sections or parts of this By-law shall be deemed to be separate and independent therefrom and to be properly enacted and to be of full force and effect. Page 272 Attachment 2 to Report LGS-016-24 CONFLICT 44. In the event of a conflict between any provision of this By-law and any applicable Act or regulation, the provision that is the most restrictive prevails. SCHEDULES 45.The following Schedules are attached to and form an integral part of this By-law: Schedule "A" — Set Fines SHORT TITLE 46. This By-law may be referred to as the "Site Alteration By-law". REPEAL 47. By-law 2008-114, as amended, is repealed on the date this By-law comes into force and effect. EFFECTIVE DATE 48. This By-law shall come into force and take effect on the date it is enacted. Passed in Open Session this day of , 2024 Mayor Adrian Foster June Gallagher Municipal Clerk Page 273 Attachment 2 to Report LGS-016-24 Schedule "A" — Set Fines Page 274 Municipality of Clarington PART I Provincial Offences Act By-law #2024-XXX: Site Alteration By-law Attachment 2 to Report LGS-016-24 Page 1 of 1 Item Column 1 Short Form Wording Column 2 Provision creating or defining Offence Column 3 Set Fine 1 Place or Dump Fill/Topsoil not in accordance with a Permit s. 3. $ 500.00 2 Cause or permit Fill/Topsoil to be Placed or Dumped not in accordance with a Permit s. 3. $ 500.00 3 Place or Dump Fill/Topsoil originating from outside the boundaries of the Municipality not in accordance with a Permit s. 4. $ 500.00 4 Cause or permit Fill/Topsoil to be Placed or Dumped originating from outside the boundaries of the Municipality not in accordance with a Permit s. 4. $ 500.00 5 Remove Soil not in accordance with a Permit s. 5. $ 500.00 6 Cause or permit the removal of Soil not in accordance with a Permit s. 5. $ 500.00 7 Make alteration to the Grade of land not in accordance with a Permit s. 6. $ 500.00 8 Cause or permit alteration to the Grade of land not in accordance with a Permit s. 6. $ 500.00 9 Fail to comply with terms and conditions of a Permit s. 7. $ 500.00 10 Fail to comply with order s. 31. $ 500.00 11 Hinder or obstruct/Attempt to Hinder or obstruct Enforcement Officer/employee/agent s. 37. $ 500.00 "NOTE: The general penalty provision for the offences listed above is section 38 of By-law 2024-XX, a certified copy of which has been filed." Page 275 Clarftwn Staff Report If this information is required in an alternate accessible format, please contact the Accessibility Coordinator at 905-623-3379 ext. 2131. Report To: General Government Committee Date of Meeting: April 8, 2024 Report Number: PUB-007-24 Submitted By: Lee -Ann Reck, Deputy CAO, Public Services Reviewed By: Authored by: File Number: Report Subject: Mary -Anne Dempster, CAO Resolution#: Slav Potrykus, Traffic Engineering Supervisor By-law Number: Traffic and Parking Bylaw Amendment - Speed Limit Reduction in School Zones Recommendations: 1. That Report PUB-007-24, and any related delegations or communication items, be received; 2. That the By-law attached to Report PUB-007-24, as attachment 1, be approved; 3. That up to $70,000 from the Municipal Capital Works Reserve Fund be used to fund the additional signage required; and 4. That all interested parties listed in Report PUB-007-24, and any delegations be advised of Council's decision. Page 276 Municipality of Clarington Report PUB-007-24 Report Overview Page 2 At the General Government Committee meeting held on October 16, 2023, resolution #GG- 177-23 was passed, stating that speed limits in school zones throughout Clarington be lowered to 30km/h. The purpose of this report is to seek Council approval for the selected road sections, as included in the amending By-law attached to this report, and to approve the use of approximately $70,000 from the Municipal Capital Works Reserve Fund for the signage and hardware required for the project. The report also contains a minor housekeeping item related to the references to Schedules 20 and 21 of the Traffic and Parking By-law 2014-059, as amended. 1. Background 1.1 At the General Government Committee meeting held on October 16, 2023, Resolution #GG-177-23 was passed stating that speed limits in school zones throughout Clarington be lowered to 30km/h. 1.2 There are several different public and private organizations and school boards which operate in Clarington. After conducting a review of potential school locations and information from other municipalities, staff included all publicly recognized facilities for the project. The following schools located on Clarington roads are included in the speed limit reduction review: • 23 public elementary schools o S. T. Worden o Courtice North o Dr. Emily Stowe o St. Mother Teresa o Dr. G. J. MacGillivray o Lydia Trull o Good Shepherd o Enniskillen o Hampton Junior o Orono o Newcastle o St. Francis of Assisi o Charles Bowman o St. Elizabeth o Harold Longworth o John M. James o Vincent Massey Page 277 Municipality of Clarington Report PUB-007-24 o Clarington Central o Viola Leger o St. Joseph o Waverley o Dr. Ross Tilley o Holy Family • 5 public intermediate and high schools o Courtice North Secondary o Holy Trinity o Clarington Central o St Stephen o Clarington Centre for Individual Studies • 3 private schools o Blaisdale Montessori o Knox Christian Elementary o Durham Christian High School Page 3 1.3 While most of the schools are located along a road under Clarington's jurisdiction, several schools front a regional or a provincial road. The schools listed below are located on roads outside of Clarington's jurisdiction, and are not included in the project: • Monsignor Leo Cleary Separate Elementary school o Located along the regionally controlled Courtice Rd • Bowmanville High School and Duke of Cambridge main access o Accessed from the regionally controlled Liberty St • The Pines Senior/Clarke High School o Accessed from the provincially controlled Highway 35/115 2. Project Analysis School Zones 2.1 Based on the schools selected in section 1.2, staff reviewed the existing road network and area surrounding the schools and recommend the 40 road sections listed below be included in the speed limit reduction. The recommendations are based on road characteristics, surrounding environment, pedestrian and vehicle behavior, upstream, downstream, and nearby intersection traffic control. Page 278 Municipality of Clarington Page 4 Report PUB-007-24 Courtice (8 road sections) • Nash Rd between Centerfield Dr and Varcoe Rd • Nash Road between Trulls Rd and Courtice Rd • Glenabbey Dr between Auburn Ln and Robert Adams Dr • Meadowglade Rd between Cale Ave and Prestonvale Rd • Sandringham Dr between Claret Rd and Strathallan Dr • Avondale Dr between Farmington Dr and Sandringham Dr • Farmington Dr between Avondale Dr and southern limit of Farmington Dr • Fieldcrest Ave between Farmington Dr and Stagemaster Cr Bowmanville (25 road sections) • West Side Dr between Baseline Rd and Remmington St • Green Rd between Aspen Springs Dr and 90m south of McBride Ave • Aspen Springs Dr between Green Rd and West Side Dr • Rhonda Blvd between Doreen Cr and Lawrence Gt • Waverley Rd between Bowmanville Ave and Quinn Dr • Stevens Rd between Green Rd and Clarington Blvd • Clarington Blvd between Stevens Rd and Brookhill Blvd • Parkway Cres between Parkway Ave and Mutton Ct • Duke St between Albert St and Nelson St • Ontario St between Albert St and Nelson St • Church St between Liberty St and St. George St • St. George St between Church St and King St • Wellington St between Temperance St and Concession St • Elgin St between Wellington St and Concession St • Horsey St between Temperance St and Elgin St • Mearns Ave between Flaxman Ave and Sprucewood Cr • Sprucewood Cr between Mearns Ave and Guildwood Dr • Fourth St between Prospect St and High St • High St between Fourth St and Meadowview Blvd • Longworth Ave between Swindells St and Mearns Ave • Longworth Ave between Argent St and Daley Ave • North Scugog Ct between West Scugog Ln and western limit of North Scugog Ct • West Scugog Ln between North Scugog Ct and Scugog St • Scugog St between west Scugog Ln and Bons Ave • Bons Ave between Scugog St and Honeyman Dr Hampton (2 road sections) • King Ln between Taunton Rd and Millstream Ln Page 279 Municipality of Clarington Page 5 Report PUB-007-24 • Ormiston St between Old Scugog Rd and eastern limit of Ormiston St Enniskillen (1 road section) • Old Scugog Rd between Regional Road 3 and Salter Ct Orono (1 road section) • Church St between Centreview St and northern limit of Church St Newcastle (3 road sections) • Rudell Rd between Edward St and Hart Blvd • Glass Ct between Edward St and southern limit of Glass Ct • Beaver St between Edward St and southern limit Beaver St Signage 2.2 As per the Ontario Highway Traffic Act regulations requiring a local municipality to adopt a by-law for the speed limits to be enforceable, corresponding regulatory signage will need to be installed. As per the Act regulations and the Ontario Traffic Manual guidelines and specifications, the proposed project will require several new signs along each proposed road section. In many cases, existing posts or utility poles do not meet current location criteria, and new posts will also need to be installed. Based on the locations selected, and the corresponding sign requirements, staff have estimated the following signage and hardware needs: • 376 new signs o 30 AHEAD 0 30 BEGINS 0 30 (confirmation signs) 0 30 ENDS o School Area signs o Oversize School Area signs • 231 post or pole locations o Locates will be required for all new posts. o Some locations offer the use of existing posts or poles. o Some locations will require relocations of existing signage. 2.3 Using current average pricing, staff have estimated the costs of the signage and the installation hardware to be as follows: Page 280 Municipality of Clarington Page 6 Report PUB-007-24 • Signage: $35,000 • Hardware: $35,000 • Total signage and hardware cost: $70,000 Installation 2.4 Given that the project is directly tied to the daily operation of schools, staff propose that it be completed over the summer break, with all 30km/h school areas installed by the start of the 2024-2025 school year. Preparation work, including obtaining utility locates, signs, and installation hardware, is planned to start immediately after obtaining Council approval for the amending By-law and a source of funding. 2.5 Due to the impact of the speed limit reduction on traffic, Public Works staff will work with the Communications team to create an awareness campaign targeted towards the public and school boards. This process will begin as soon as Council approval of the report and the amending By-law is confirmed. 2.6 Installation of signage will be completed in-house using Public Works staff and equipment. Staff have already started project planning, including securing equipment and staff to complete installs, considering vacation schedules. 2.7 It is estimated that the project will require a team of four Public Works staff and relevant equipment to complete the signage installations. 2.8 The staff and the equipment cost estimate adds to a total of $103,000 of cost avoidance by outsourcing to an external contractor. 3. Additional Changes to Traffic and Parking By-law 2014-059 3.1 Due to an error found in the existing Traffic and Parking By-law 2014-059 as amended, staff are requesting Council to approve the following corrections: • Replace Section 56: "The highways or portions thereof set out in Column 1 of Schedule 20 between the limits set out in Column 2 of Schedule 20 and during the times set out in Column 3 of Schedule 20 are designated as community safety zones." with the following: "The highways or portions thereof set out in Column 1 of Schedule 21 between the limits set out in Column 2 of Schedule 21 and during the times set out in Column 3 of Page 281 Municipality of Clarington Report PUB-007-24 Page 7 Schedule 21 and during the days and months set out in column 4 of Schedule 21, are designated as community safety zones." • Replace Section 57 (2): "The highways set out in Column 1 of Schedule 21, between the limits set out in Column 2 of Schedule 21, on the side set out in Column 3 of Schedule 21 and during the times or days set out in Column 4 of Schedule 21 are designated as municipal safety zones." with the following: "The highways set out in Column 1 of Schedule 20, between the limits set out in Column 2 of Schedule 20, on the side set out in Column 3 of Schedule 20 and during the times or days set out in Column 4 of Schedule 20 are designated as municipal safety zones." 4. Financial Considerations School Speed Zones 4.1 The estimated cost of the purchase of signage and hardware necessary to complete the project amounts to approximately $70,000. There is no provision in the current Traffic Signs budget for an expense of this proportion. There are no other direct external costs anticipated with this project. 4.2 To fund the necessary signage expenses, a withdrawal of $70,000 is recommended from the Municipal Capital Works Reserve Fund. 4.3 There are no budget implications associated with the additional changes noted in Section 3. 5. Strategic Plan This report coincides with the section C.2 - Residents are safe and healthy — of the Strategic Plan. 6. Concurrence This report was reviewed by the Deputy CAO, Finance and Technology/Treasurer and the Deputy CAO, Legislative Services who concur with the recommendations. Page 282 Municipality of Clarington Report PUB-007-24 7. Conclusion Page 8 It is respectfully recommended that Council approve the proposed school zones with 30km/h speed limits, and that Council approve the use of approximately $70,000 from the Municipal Capital Works Reserve Fund required for the completion of the project. It is also respectfully requested that Council approve the proposed additional change to the Traffic and Parking By-law 2014-059 as outlined in Section 3. Staff Contact: Slav Potrykus, Traffic Engineering Supervisor, 905-623-3379 or spotrykus@clarington.net. Attachments: Attachment 1 — Amending By-law to the Traffic and Parking By-law 2014-059 Interested Parties: There are no interested parties to be notified of Council's decision. Page 283 Attachment 1 to Report PUB-007-24 If this information is required in an alternate format, please contact the Accessibility Coordinator at 905-623-3379 ext. 2131. The Corporation of the Municipality of Clarington By-law 2024-XXX Being a by-law to amend the Traffic and Parking By-law 2014-059, as amended. WHEREAS Subsection 128(2) of the Ontario Highway Traffic Act, R.S.O. 1990, Chapter H.B, as amended, provides that the council of a municipality may by by-law prescribe a rate of speed for motor vehicles driven on a highway or portion of a highway under its jurisdiction; AND WHEREAS By-law 2014-059 was enacted by Clarington to regulate traffic and parking on highways, private property and municipal property; Now therefore the Council of the Municipality of Clarington enacts as follows: By-law 2014-059, as amended, is further amended by deleting from Section 5, the references to "Schedule 20 — Community Safety Zones" and "Schedule 21 — Municipal Safety Zones" and replacing them with references to "Schedule 20 — Municipal Safety Zones" and "Schedule 21 — Community Safety Zones", respectively. 2. By-law 2014-059, as amended, is further amended by deleting Schedule 12 of the By-law and replacing it with Schedule "A" to this By-law. 3. By-law 2014-059, as amended, is further amended by deleting section 56 and replacing it with the following: 56. The highways or portions thereof set out in Column 1 of Schedule 21 between the limits set out in Column 2 of Schedule 21 and during the times set out in Column 3 of Schedule 21 and during the days and months set out in column 4 of Schedule 21, are designated as community safety zones. 4. By-law 2014-059, as amended, is further amended by deleting subsection 57(2) and replacing it with the following: 57.(2) The highways set out in Column 1 of Schedule 20, between the limits set out in Column 2 of Schedule 20, on the side set out in Column 3 of Schedule 20 and during the times or days set out in Column 4 of Schedule 20 are designated as municipal safety zones. Page 284 5. The following Schedules are attached to and form an integral part of this By-law: Schedule "A" — Schedule # 12 — Maximum Rate of Speed on a Highway Passed in Open Council this XX day of MMMM, 2024. Adrian Foster, Mayor June Gallagher, Municipal Clerk Page 285 Schedule "A" Schedule # 12 — Maximum Rate of Speed on a Highway 1 Highway Acres Road Column 2 From Concession Road 6 Column 3 To Durham Region Road 4 Column 4 Posted SpeedColumn 70 km/h Arthur Street Concession Road 3 1400 m southerly 70 km/h Aspen Springs Drive Green Road West Side Drive 30 km/h Avondale Drive Farmington Drive Sandringham Drive 30 km/h Baseline Road Durham Region Road 34 Solina Road 60 km/h Baseline Road Prestonvale Road Durham Region Road 34 60 km/h Baseline Road Solina Road 300 m east of Maple Grove Road 70 km/h Beaver Street Edward Street southern limit of Beaver Street 30 km/h Bellamy Road Concession Road 1 1300 m southerly 60 km/h Bellwood Drive Concession Road 3 900 m southerly 60 km/h Bennett Road Durham Highway 2 King's Highway 401 70 km/h Best Road Skelding Road Durham Region Road 4 60 km/h Bethesda Road Concession Road 6 Mearns Avenue 60 km/h Bethesda Road Concession Road 8 Concession Road 6 70 km/h Bloor St. Durham Region Road 34 Maple Grove Road 70 km/h Bons Avenue Scugog Street Honeyman Drive 30 km/h Bragg Road Concession Road 4 1200 m south of Concession Road 3 60 km/h Page 286 Schedule "A" Schedule # 12 — Maximum Rate of Speed on a Highway 1 Highway Bragg Road Column 2 From Concession Street East Column 3 To Durham Highway 2 Column 4 Posted SpeedColumn 70 km/h Brown Road Concession Road 8 Concession Road 7 70 km/h Carscadden Road Concession Road 8 Durham Region Road 9 60 km/h Cedar Crest Beach Road Cove Road Watson Crescent 40 km/h Cedar Park Road 700 m South of Concession Road 6 Concession Road 6 60 km/h Church Street Centreview Street northern limit of Church Street 30 km/h Church Street Liberty Street St. George Street 30 km/h Clarington Boulevard Stevens Road Brookhill Boulevard 30 km/h Clemens Road 700 m South of Concession Road 7 Concession Road 6 70 km/h Concession Street East 300 m east of Lambs Road Durham Region Road 42 70 km/h Concession Road 1 Stephenson Road East Townline Road 70 km/h Concession Road 10 Durham Region Road 20 Mosport Road 70 km/h Concession Road 10 Durham Region Road 57 450 m east of Grasshopper Park Road 70 km/h Concession Road 10 Enfield Road Holt Road 70 km/h Concession Road 3 Durham Region Road 14 Providence Road 60 km/h Concession Road 3 Durham Region Road 18 East Townline Road 70 km/h Page 287 Schedule "A" Schedule # 12 — Maximum Rate of Speed on a Highway 1 Highway Concession Road 3 Column 2 From Durham Region Road 42 Column 3 To King's Highway 35/115 Column 4 Posted SpeedColumn 60 km/h Concession Road 3 King's Highway 35/115 Morgans Road 70 km/h Concession Road 3 Providence Road Durham Region Road 42 70 km/h Concession Road 4 600 m West of Bragg Road Durham Region Road 42 60 km/h Concession Road 4 Durham Region Road 14 Bethesda Road 60 km/h Concession Road 4 Durham Region Road 42 Pollard Rd 70 km/h Concession Road 4 King's Highway 35/115 East Townline Road 70 km/h Concession Road 4 Pollard Road King's Highway 35/115 60 km/h Concession Road 5 200 m east of Walsh Road Reid Road 70 km/h Concession Road 5 Durham Region Road 18 East Townline Road 70 km/h Concession Road 5 Durham Region Road 42 Ochonski Road 70 km/h Concession Road 5 Station Street Jewel Road 60 km/h Concession Road 6 Durham Region Road 18 Gilmore Road 60 km/h Concession Road 6 Durham Region Road 57 Darlington -Clarke Townline Road 70 km/h Concession Road 6 King's Highway 35/115 Durham Region Road 18 70 km/h Concession Road 6 Rundle Road Durham Region Road 57 70 km/h Concession Road 6 Townline Road North Werry Road 70 km/h Concession Road 7 Darlington -Clarke Townline 700 m west of King's Highway 60 km/h Schedule "A" Schedule # 12 — Maximum Rate of Speed on a Highway 1 Highway Column 2 From Road Column 3 To 35/115 Column 4 Posted SpeedColumn Concession Road 7 Durham Region Road 34 Middle Road 70 km/h Concession Road 7 Townline Road North Durham Region Road 34 60 km/h Concession Road 8 400 m west of Best Road King's Highway 35/115 60 km/h Concession Road 8 Durham Region Road 57 Lettner Road 70 km/h Concession Road 8 King's Highway 35/115 Carscadden Road 60 km/h Concession Road 8 Middle Road Darlington -Clarke Townline Road 70 km/h Concession Road 8 White Road The Dell Road 60 km/h Concession Road 9 Townline Road North 250 m west of Enfield Road 60 km/h Concession Road 9 Wotten Road Durham Region Road 57 60 km/h Cooney Road Concession Road 8 Concession Road 7 70 km/h Cove Road Cedar Crest Beach Road West Beach Road 40 km/h Darlington Boulevard South limit of Durham Highway 2 South limit of Darlington Boulevard 40 km/h Darlington -Clarke Townline Road Concession Road 6 (Darlington) Durham Region Road 4 70 km/h Duke Street Albert Street Nelson Street 30 km/h Elgin Street Wellington Street Concession Street 30 km/h Energy Drive Holt Road Martin Road 60 km/h Page 289 Schedule "A" Schedule # 12 — Maximum Rate of Speed on a Highway Column 1 Column 2 Column 3 Column 4 Posted Highway From To AL Speed Energy Drive Megawatt Drive Holt Road 60 km/h Enfield Road 300 m south of Concession Durham Region Road 3 70 km/h Road 9 Enfield Road Concession Road 10 250 m north of Concession 70 km/h Road 9 Farmington Drive Avondale Drive southern limit of Farmington 30km/h Drive Fieldcrest Avenue Farmington Drive Stagemaster Crescent 30 km/h Fourth Street Prospect Street High Street 30 km/h Gamsby Road Concession Road 6 Concession Road 5 70 km/h Gibson Road 1000 m north of Concession Concession Road 3 60 km/h Road 3 Gilmore Road Concession Road 6 Concession Road 3 60 km/h Glass Court Edward Street southern limit of Glass Court 30 km/h Glenabbey Drive Auburn Lane Robert Adams Drive 30km/h Golf Course Road Concession Road 4 Durham Highway 2 60 km/h Granville Drive Yorkville Drive Meadowglade Road 40 km/h Green Road Aspen Springs Drive 90m south of McBride Avenue 30 km/h Green Road Durham Region Road 4 1000 m North of Durham 70 km/h Highway 2 Page 290 Schedule "A" Schedule # 12 — Maximum Rate of Speed on a Highway 1 Highway Hancock Road Column 2 From Durham Highway 2 Column 3 To 4t Bloor Street Column 4 Posted SpeedColumn 60 km/h High Street Fourth Street Meadowview Boulevard 30 km/h Holt Road Concession Road 7 Concession Road 6 70 km/h Holt Road Durham Region Road 4 Nash Road 70 km/h Holt Road Nash Road South limit of Holt Road 60 km/h Horsey Street Temperance Street Elgin Steet 30 km/h Jewel Road Durham Region Road 9 Concession Road 6 70 km/h King Lane Regional Road 4 Millstream Lane 30 km/h Lakeshore Road 400 m West of Newtonville Road Lancaster Road 60 km/h Lakeshore Road 650 m West of Nichols Road East Townline Road 60 km/h Lakeshore Road Stephenson Road West limit of #4351 Lakeshore Road 60 km/h Lambs Road 1000 m south of Concession Road 4 Durham Hwy 2 60 km/h Langmaid Road 500 m south of Durham Region Road 3 Concession Road 6 70 km/h Langmaid Road Concession Road 6 Durham Region Road 4 60 km/h Langstaff Road McMillan Road Thertell Road 60 km/h Langstaff Road Thertell Road Durham Region Road 9 70 km/h Page 291 Schedule "A" Schedule # 12 — Maximum Rate of Speed on a Highway 1 Column 2 Column 3 Column 4 Posted Highway From To SpeedColumn Lawrence Road Concession Road 6 Concession Road 4 70 km/h Leask Road 1000 m south of Concession Concession Road 6 60 km/h Road 7 Leskard Road 650 m north of Concession Durham Region Road 4 60 km/h Road 7 Liberty Street North 700 m south of Concession Rd Durham Region Road 4 70 km/h 7 Liberty Street North Concession Road 8 700 m north of Concession 60 km/h Road 7 Liberty Street North Durham Region Road 20 Concession Road 8 60 km/h Lockhart Road Concession Road 4 Concession Road 3 60 km/h Long Sault Road 2400 m north of Durham Region Durham Region Road 20 60 km/h Road 20 Longworth Avenue Argent Street Daley Avenue 30 km/h Longworth Avenue Swindells Street Mearns Avenue 30 km/h Maple Grove Road 1000 m north of Nash Road 150 m south of Bloor Street 60 km/h Maple Grove Road 150 m south of Bloor Street Baseline Road 70 km/h Meadowglade Road Cale Avenue Prestonvale Road 30 km/h Mearns Avenue Bethesda Road Concession Road 4 60 km/h Mearns Avenue Flaxman Avenue Sprucewood Crescent 30 km/h Page 292 Schedule "A" Schedule # 12 — Maximum Rate of Speed on a Highway 1 Highway Megawatt Drive Column 2 From Courtice Road Column 3 To iL Energy Drive Column 4 Posted SpeedColumn 60 km/h Mercer Road Thertell Road Durham Region Road 9 60 km/h Middle Road Concession Road 4 900 m north of Concession Road 3 60 km/h Middle Road Concession Road 6 Durham Region Road 4 60 km/h Middle Road Durham Region Road 20 Concession Road 6 70 km/h Middle Road Durham Region Road 4 Concession Road 4 70 km/h Mill Street in combination with Boulton Street and Lakeshore Street 150 m east of Boulton Street 200 m north of Metcalfe Street 40 km/h Moffat Road Concession Road 4 Concession Road 3 70 km/h Morgans Road Concession Road 4 Lakeshore Road 70 km/h Mosport Road Durham Region Road 20 Concession Road 8 70 km/h Nash Road 400 m west of Holt Road Green Road 60 km/h Nash Road Centerfield Drive Varcoe Road 30 km/h Nash Road Rundle Road Solina Road 60 km/h Nash Road Trulls Road Durham Region Road 34 30 km/h Newtonville Road King's Hwy 401 Lakeshore Road 70 km/h North Scugog Court West Scugog Lane western limit of North Scugog Court 30 km/h Page 293 Schedule "A" Schedule # 12 — Maximum Rate of Speed on a Highway 1 Column 2 Column 3 Column 4 Posted Highway From To SpeedColumn Ochonski Road Durham Region Road 4 Concession Road 5 60 km/h Old Scugog Road 150 m south of Concession 800 m south of Concession 70 km/h Road 10 Road 9 Old Scugog Road 500 m south of Durham Region Concession Road 4 60 km/h Road 4 Old Scugog Road 590 m south of Durham Region 280 m north of Concession 70 km/h Road 3 Road 6 Old Scugog Road Regional Road 3 Salter Court 30 km/h Ontario Street Albert Street Nelson Street 30 km/h Ormiston Street Old Scugog Road eastern limit of Ormiston Street 30 km/h Parkway Crescent Parkway Avenue Mutton Court 30 km/h Pebblestone Road Durham Region Road 55 Durham Region Road 34 60 km/h Pollard Road Concession Road 4 Concession Road 3 60 km/h Prestonvale Road 400 m south of Southfield Baseline Road 60 km/h Avenue Reid Road 1500 m north of Hill Street Hill Street 60 km/h Reid Road Concession Road 5 1700 m south of Concession 60 km/h Road 4 Rhonda Boulevard Doreen Crescent Lawrence Gate 30 km/h Riley Road Concession Road 1 Lakeshore Road 60 km/h Page 294 Schedule "A" Schedule # 12 — Maximum Rate of Speed on a Highway 1 Highway Rudell Road Column 2 From Edward Street Column 3 To Hart Boulevard Column 4 Posted SpeedColumn 30 km/h Rundle Road 620 m north of Nash Road Nash Road 60 km/h Rundle Road Concession Road 6 620 m north of Nash Road 70 km/h Rundle Road Durham Highway 2 Bloor Street 60 km/h Sandringham Drive Claret Road Strathallan Drive 30 km/h Scugog Street West Scugog Lane Bons Avenue 30 km/h Shiloh Road Durham Region Road 9 Concession Road 5 70 km/h Solina Road 1100 m north of Nash Road 400 m south of Durham Highway 2 60 km/h Solina Road 350 m south of Hockaday Court 1100 m north of Nash Road 70 km/h Solina Road Durham Region Road 3 150 m north of Dorset Road 70 km/h Sprucewood Crescent Mearns Avenue Guildwood Drive 30 km/h Squair Road Concession Road 5 Concession Road 4 60 km/h Stapleton Road 600 m south of Concession Road 3 Durham Highway 2 60 km/h Stapleton Road Concession Road 4 200 m north of Concession Road 3 60 km/h Stephenson Road Concession Road 1 900 m Southerly 60 km/h Stevens Road Green Road Clarington Boulevard 30 km/h Page 295 Schedule "A" Schedule # 12 — Maximum Rate of Speed on a Highway 1 Highway Stewart Road Column 2 From Concession Road 4 Column 3 To Concession Road 3 Column 4 Posted SpeedColumn 60 km/h St. George Street Church Street King Street 30 km/h The Dell Road Thertell Road Thompson Road 60 km/h Thertell Road The Dell Road Cold Springs Camp Road 60 km/h Thompson Road Concession Road 8 Durham Region Road 9 60 km/h Trulls Road 850 m south of Firner Street 200 m north of Daisyfield Avenue 60 km/h Vickers Road Concession Road 6 Concession Road 5 70 km/h Walsh Road Concession Road 5 Concession Road 4 60 km/h Waverley Road Bowmanville Avenue Quinn Drive 30 km/h Wellington Street Temperance Street Concession Street 30 km/h West Beach Road North limit of #130 West Beach Road South limit of Cove Road 40 km/h West Beach Road South limit of Cove Road East limit of West Beach Road 20 km/h West Scugog Lane North Scugog Court Scugog Street 30 km/h West Side Drive Baseline Road Remmington Street 30 km/h White Road Concession Road 8 Durham Region Road 9 60 km/h Woodley Road Durham Region Road 20 Concession Road 8 70 km/h Page 296 Clarftwn Staff Report If this information is required in an alternate accessible format, please contact the Accessibility Coordinator at 905-623-3379 ext. 2131. Report To: General Government Committee Date of Meeting: April 8, 2024 Submitted By: Mary -Anne Dempster, CAO File Number: Report Number: CAO-002-24 Resolution#: By-law Number: Report Subject: The Perfect Storm - Impact of Provincial Changes on our Community Recommendations: 1. That Report CAO-002-24, and any related delegations or communication items, be received; 2. That Council request the Province stop using CMHC data to validate housing starts, but as a starting point, and allow Municipalities to identify any inconsistencies with tangible evidence prior to making a funding decision; 3. That Fiscal Impact Assessments be undertaken for all Secondary Plans (inclusive of those completed) to understand the full impact of the legislative changes on each, in particular parkland and DC revenues, and report back to Council prior to any further approvals (inclusive of development application approvals); 4. That a communications campaign be undertaken to explain the impact of the changes that are beyond our control, and how they will impact our community — both now and into the future; 5. That this report be forwarded to all Ontario municipalities with housing targets, the Province of Ontario, and the Members of Provincial Parliament representing Clarington; and 6. That all interested parties listed in Report CAO-002-24, and any delegations be advised of Council's decision. Page 297 Municipality of Clarington Page 2 Report CAO-002-24 Report Overview The report expresses significant concerns about the negative impacts of provincial legislative changes on Clarington's ability to grow responsibly and the impact on the community's quality of life. It emphasizes that these changes may undermine the Municipality's efforts to create resilient and sustainable communities, particularly due to lost development charge revenues and a push by developers to reduce parkland dedication. The reduction of parkland dedication rates by half, as mandated by Bill 23, threatens the loss of a minimum of 23 hectares of vital community parkland. This necessitates a reassessment of the Fiscal Impact Analyses for those Secondary Plans completed based on the requirements prior to Bill 23 to fully grasp the implications of these changes and guide future council decisions. Changes to secondary plans are substantial and a re -start may be warranted to ensure that the public is informed of the changes and staff have an opportunity to reassess park locations and sizes, which will also cause more required discussion with the landowners. Despite meeting our housing target, as set by the province, the government is unwilling to intervene in our dispute with CMHC, a calculation error on their part, that has not only made the community ineligible for 2023 funding — but will impact eligibility for remaining years of the program. Lastly, there is no evidence to support the current approach as a tool to improve affordability. Instead, it arguably diverts funds from community development to the developers. Given these factors, a consultant will be engaged to fully assess the impact, meetings with landowners will be conducted and a new recommended schedule for both secondary plans and site -specific applications may be required. This will further impact our ability to meet the housing pledge. 1. Background 1.1 Housing affordability has become one of the most pressing and challenging issues impacting communities of all sizes across Ontario. To address the supply side of the equation, the Government of Ontario committed to building 1.5 million new homes by 2031. 1.2 To date, several major legislative changes have been taken by the Province to combat the housing crisis and move forward with implementing recommendations from the Ontario Housina Affordabilitv Task Force Resort. 1.3 At a high-level, changes have included reducing or eliminating the requirement of development charges for certain development types and reducing parkland dedication Page 298 Municipality of Clarington Report CAO-002-24 Page 3 requirements. The following Bills have had the most impact on Clarington's ability to collect the funds required to responsibly build our community: Bill 108, the More Homes, More Choice Act, 2019 (Bill 108), enacted on September 3, 2019. Bill 108, in part amended the Planning Act to require municipalities to increase permissions for ADUs. Bill 108 further amended the Development Charges Act to remove the requirement for Additional Dwelling Units (ADUs) to pay development charges and defer development charges for eligible affordable and purpose-built rental developments. • Bill 23, the More Homes Built Faster Act, 2022 (Bill 23), enacted on November 28, 2022. Bill 23 decreased Parkland and Cash -in -Lieu (CIL) by half with a cap imposed that will impact some developments by more than half. Further, Bill 23 reduced the amount of development charges municipalities can collect for commercial and industrial projects to pay for these essential services. 1.4 These legislative changes continue to impact Clarington' s powers under the Planning Act, and the Development Charges Act and will have extensive negative impacts on Clarington's ability to grow responsibly, a central theme in our 2024-2027 Council approved strategic plan. 2. Financial Impact of Provincial Changes 2.1 Due to Bill 108, on December 13, 2021, Clarington Council adopted amendments to increase permissions, since then 209 ADU permits have been issued. This has resulted in a loss of approximately $4.5 million dollars in development charges. 2.2 Due to Bill 23, Watson Economists Ltd. was retained in 2022 to provide the estimated financial impact to the Municipality (see Attachment 1). The estimated impact on our ability to collect development charges due to Bill 23 is approximately $74.3 million over a 10-year period (2020 dollars). This analysis did not include ADUs — the impact of which is above. 2.3 Bill 23 also introduced a maximum parkland/cash-in-lieu cap for residential development which results in a parkland dedication reduction, dependant on density, of a minimum of 50 percent. The reduced alternative parkland dedication rates have now been in force for over a year (since November 28, 2022). Further, ADUs are not required to provide parkland dedication. The impacts are becoming clearer as development applications are processed under the new, reduced rates. 2.4 Figure 1 below illustrates three real examples of the approximate difference in CIL of Parkland revenue for developments subject to the new rates, relative to the alternative parkland dedication rates in place prior to Bill 23. The loss on these three alone was Page 299 Municipality of Clarington Report CAO-002-24 Page 4 over $6 million. A full analysis of the impact, similar to the work undertaken by Watson Economists Ltd. for Bill 23 is required to fully validate the impact. Despite that, simple mathematics indicates that the impact will be massive and unaffordable. 2.5 Parks and open green space were indicated recently as the number one priority from respondents to the Parks Recreation and Culture Master Plan survey. To maintain the current standard, as set by Council, costs would have to be shifted from the developer to the municipal taxpayer which would enrich developers and impair the Municipality's ability to acquire sufficient parkland. Page 300 Municipality of Clarington Report CAO-002-24 Before Bill 23 0 After Bill 23 G Revenue Loss C6 Developers pay about developers pay about Clarington gets about 344.000 for value of $192.000 for value of $150,000 less from park land park land developers 3-vmry towrrhn=e bk cir (43 wits) ® Developers pay about Developers pay about Clarington gets about SI A80.000 for value S440,000 for value of $1.000,00 less from of park land park land developers 14-aUorag nod um, townho r (184 urdta) Developers pay about Developers pay about Clarington gets about S5,7d0,000 for value $830,000 for value of 54,900,000 less from of park land park land developers 12-storay apartment, building, 4-store+ stacked tovmhousas (551 units) Page 5 Impact if passed on to residents in 2024 E/O� CTAX Would equate to about Would equate to a 3,13 mare in property 0.1 % tax levy increase, taxes per household, for each development on average. for each development Would equate to about Would equate to a S2p 55 more in property 0.4% tax levy increase, taxes per household, for each development on average, for each development Would equate to about Would equate to a 09,60 more in property 2.2% tax levy increase, taxes per household, for each development on average, for each development Figure 1: Impacts of Bill 23 on Cash -in -Lieu of Parkland Page 301 Municipality of Clarington Page 6 Report CAO-002-24 3. Clarington's Response to Provincial Changes Housing Pledge 3.1 On October 25, 2022, the Minister of Municipal Affairs and Housing (MMAH), issued a Minister's Order for a Housing Pledge to meet the Provincial Government's target of providing 1.5 million new homes in the next decade (Province ERO bulletin No. 019- 6171). Clarington was assigned 13,000 new units as a target. On February 27, 2023, Council endorsed Clarington's Housing Pledge to the Province our commitment to address the housing crisis (see Attachment 2). Building Faster Fund (BFF) 3.2 On August 21, 2023, Premier Ford announced the new BFF, a three-year program to help municipalities that meet or exceed their agreed upon annual housing targets. The BFF is intended to provide up to $400 million over the three -years in financial support for municipalities that can be directed toward housing -enabling infrastructure and related costs that support community growth. Municipal performance against the target is tied to Canadian Mortgage and Housing Corporation (CMHC) data, acting as the validation tool. 3.3 Staff worked diligently to meet the target, despite being unable to control when a developer decides to pull a permit. On December 18, 2023, in staff report PDS-069-23 to Council, staff confirmed, and certified by our Chief Building Official, the target had been met, which made Clarington eligible for approximately $4 million in funding through the BFF. 3.4 In an attempt to ensure that the eligible funds were allocated to the appropriate shortfalls, Council passed the following Resolution #C-174-23 that; That any funds allocated to the Municipality of Clarington for meeting the 2023 Housing Targets be directed to the Municipality's Capital Works reserve for Infrastructure and Parks needs identified in the Recreation Parks and Culture Master Plan. 3.5 In a February 14, 2024, letter to Mayor Adrian Foster, the Minister of Municipal Affairs and Housing (MMAH) stated that Clarington has not met the eligibility criteria for the BFF in 2023 and will not be receiving funding (See Attachment 3). 3.6 On February 23, 2024, Mayor Adrian Foster sent a response to the Minister including an attachment with data clearly demonstrating each of the housing unit starts (See Attachments 4 and 5). Page 302 Municipality of Clarington Report CAO-002-24 Advocating for Fairness Page 7 3.7 On March 7, 2024, Clarington staff met with CMHC staff to discuss the discrepancy and hopefully address it at a staff level. 3.8 For background, the data used by CMHC to validate housing starts comes from it's Starts and Completions Survey. The survey is conducted through a drive by survey. These visits are used to confirm that new residential units have reached set stages in the construction process. 3.9 A " Start" is defined as the beginning of construction work on a building. This is usually when the concrete has been poured for the whole of the footing around the structure or an equivalent stage where a basement will not be part of the structure. CMHC has indicated a "start" does not include work underground, inclusive of work on underground parking garage areas. 51 and 55 Clarington Boulevard — 440 Units Miscounted 3.10 As an example of the discrepancy, the province's letter listed only 250 housing starts in 2023 (this excludes conversions and long-term care units). This is clearly inaccurate, given that two multi -story buildings in Bowmanville, totalling 440 units, were "started" and inspected by our Chief Building Official in 2023. 3.11 As seen in Attachment 6, the full permits were issued and reported in our August 2023 Monthly Report on Building Permit Activity, sent to CMHC on September 8, 2023. Prior to the date of the footing inspections by Clarington Staff, the work on both buildings would have been underground, and not considered a "start" by CMHCs definitions. It is clear to the Municipality that there is inconsistency and inaccuracy in when CMHC enumerators are considering units "started" within the Municipality. 55 Clarington Boulevard 3.12 55 Clarington Boulevard is the first example where the 133-unit building was counted as "started" in November 2022. The aerial imagery seen in Figure 2 of the site from April 2023 shows the work on site was still underground, not eligible for a "start" as defined by CMHC. Based on the definitions provided by CMHC, it is not possible that the building located at 55 Clarington Boulevard would have been considered a start in November 2022. Page 303 Municipality of Clarington Page 8 Report CAO-002-24 y S- VL ►S J ► � tom` � ^. iago Figure 2: Drone Imagery from April 2023 of 55 Clarington Boulevard (Construction on Underground Parking) 51 Clarington Boulevard 3.13 51 Clarington Boulevard is the second example where enumerator inaccurately counted unit "starts" in Clarington. The 307-unit building was counted as "started" in January 2024. The imagery seen in Figure 3 shows the site in July 2023, as an active construction site with three cranes on site and the building above ground over the perimeter construction fencing. Based on CMHC definitions, in July 2023, the building located at 51 Clarington Boulevard would have been considered "started" however was not until several months later. 3.14 By CMHC's definition, Staff are confident that Clarington met its 2023 target, as the building permits were issued and the first inspection were completed, as certified by the Chief Building Official. 3.15 In a March 27, 2024, letter to Mayor Adrian Foster, the MMAH reiterated that Clarington had not met the eligibility criteria in 2023 and will not be receiving funding after receiving evidence to the contrary. Despite a request for a meeting with the local Members of Provincial Parliament and/or Minister Calandra on the issue, no meeting has been granted (See Attachment 7). Page 304 Municipality of Clarington Report CAO-002-24 Figure 3: Image from July 2023 of 51 and 55 Clarington Boulevard (Construction above ground and active construction site) Page 9 3.16 The province had made commitments to make Municipalities "whole" as part of Bill 23, however, the denial of funding for a fast-growing municipality like ours reflects the Provincial path of shifting costs from the developers to the taxpayers. This forces Clarington to take a closer look at the fiscal impacts of development under Bill 23 on our community's quality of life. For the next 10 years and beyond, a significant amount of our development growth will take place in Secondary Plan Areas. 4. Steps to Responsibly Navigate the Storm Secondary Plan Program 4.1 Clarington, in collaboration with development community, initiated a significant Secondary Plan program in 2017 — with 12 secondary plans included, to help shape the future of our community. This bold program has led to Council adopting four Secondary Plans, with eight others in various stages of progress. All of these plans involve extensive community engagement events, gathering valuable feedback. Page 305 Municipality of Clarington Report CAO-002-24 Page 10 4.2 As outlined PDS-011-24 (within the Background and Existing Conditions Summary Report, related to the Parks, Recreation, and Culture Master Plan (PRCMP)), there are approximately 46 hectares of anticipated parkland planned within these Secondary Plan areas. 4.3 Part of the community engagement related to the ongoing PRCMP included a municipal -wide Community Survey that garnered over 3,200 responses. Notably, parkland and open spaces ranked as the most important item to survey respondents. Parkland Negotiations 4.4 Throughout the process, Planning and Infrastructure Services staff have worked closely with the landowners' groups and the public to ensure that community engagement was a central part of shaping how our community will grow. One of the key elements of engagement has always been the location, sizing and potential facilities located within park areas. 4.5 Given the recent parkland requirement reductions, some developers within active and approved Secondary Plans have reached out to staff demanding that their allocations be reduced accordingly — or have provided the option to purchase. Recent appraisals suggest the valuation of residential land in Clarington is approximately $5 million per hectare. 4.6 Staff are not in a position to negotiate away parkland that has been approved by Council and importantly, reviewed and commented on by the public. As such, any changes within active development applications in approved Secondary Plans would need to be re-evaluated and sent back for public consultation. This would be in addition to the requirement for Council to approve the proposed changes. Fiscal Impact Analysis 4.7 The Official Plan requires that a Fiscal Impact Analysis (FIA) be undertaken for each Secondary Plan. The FIAs completed in support of the adopted and active Secondary Plans include assumptions and estimates which are based on the best information available at the time of writing. For the four Council approved Secondary Plans, the FIAs were completed with the assumption that the previous parkland rates would apply and the land would be transferred to the Municipality through the development approvals process. The FIAs did not consider a scenario where reductions would be requested or the Municipality would purchase the lands. 4.8 As outlined PDS-011-24 there are approximately 46 hectares of anticipated parkland planned within these Secondary Plan areas. It can be assumed, should developers try to impose the new parkland rates, which they have begun to do on their development applications, the Municipality stands to lose a minimum of 23 hectares of parkland. Page 306 Municipality of Clarington Report CAO-002-24 Page 11 4.9 Given the impact of the legislative changes on these approved and ongoing Secondary Plans, it is crucial that updated FIAs be undertaken for all Secondary Plans to understand the full impact of the legislative changes on each, and report back to Council. Our staff usually conduct the FIAs internally, however due to internal workload challenges this work would need to be outsourced. Southeast Courtice Secondary Plan — a Visual of Potential Loss 4.10 The Durham Region Commissioner of Planning and Economic Development issued final approval of the Southeast Courtice Secondary Plan (SECSP) on March 2, 2022. 4.11 The SECSP will guide development of approximately 295 hectares of land in Courtice. The Secondary Plan has a planned population of approximately 12,694 residents and 5,036 residential units. 4.12 As seen in Figure 4, the Secondary Plan was approved including a linked system of parks, trails and green space that supports pedestrian movement throughout the area. The Secondary Plan was designed to include a total of over 19 hectares of public park land, that was to be dedicated to the Municipality through the processing of the subsequent development applications. The size and types of parks were allocated appropriately to provide the parkland required to support the increased population to the area and included a total of 13 parks (eight neighbourhood parks and five parkettes). 4.13 As previously mentioned, some developers within active and approved Secondary Plans have reached out to staff demanding that their allocations be reduced accordingly. Figure 5 shows the potential loss of parkland within the SECSP area based on the new parkland rates under the Planning Act. Without intervention, the Municipality has the potential to lose a minimum of 8.5 hectares of parkland within the SECSP area, ultimately eliminating all five parkettes and 3 neighbourhood parks. Alternatively, the Municipality could move to purchase the land from the developers, totalling approximately $42.5 million dollars at today's rates. The distinction regarding land values is important given that any purchase would be staggered over several years and market rates are only likely to increase. Page 307 Municipality of Clarington Report CAO-002-24 Page 12 Figure 4 - Approved Parkland in the Approved Southeast Courtice Secondary Plan Area Page 308 Municipality of Clarington Report CAO-002-24 Page 13 •i:i.. `�� �4NA�IGygy 4 iUf' �r; SidipTFl pl.1 AN DRIVE _ �� - .�:Y`.Ir c NS o _ C;.LLC:.p 4 VLNUL AVf!R7':r L L:�RFfC-�•[i4U �' _i 'ti .4. r�•i i. >!t� _ -y SA �fUfilti�4. [ - 'Yoq K', r1RIVE I'.Lk 7 n a Tom' - �Iir;�iL c a' so E m �'- - z t " AD I i BL'C10'R'STaLE EUL g L Q A High Density/Mixed Use Q Removed Parkland Q Special Study Area _ (Regional Corridor) (Eligible for Development) t j Boundary Low Density Residential Environmental Constraints _ Prominent Intersections _ Mid Density Residential 4 (Regional Corridor) IM Environmental Protection y Schools Area Parks 5tormwater Management ® Facilities I Figure 5 — Southeast Courtice Secondary Plan Showing Potential Loss of Parkland Page 309 Municipality of Clarington Report CAO-002-24 5. Financial Considerations Page 14 5.1 There are major financial implications for the Municipality as a result of these legislative changes as well as the most recent correspondence received from the province announcing our "failure to meet" the 2023 housing targets. 5.2 As a result of Bill 23, the Municipality is set to lose a minimum of $74.3 million in development charges over a 10-year period — not including $4.5 million related to ADUs, which came from Bill 108. This is equivalent to an increase to the municipal budget of 14.9% in 2024, an increase to the average household tax bill of $151 just to maintain existing service levels for the next 10 years, no net new. 5.3 Calculating the expected impact of the parkland changes is complex and contingent on several variables and would require appropriate analysis. Despite the complexity it is clear that the financial impact that would need to be borne by our residents to fill the gap would be massive. It would be most prudent at this stage to move ahead with the FIAs immediately to gain a clearer picture of the impacts. 5.4 It is integral to note with all of these legislative changes, the province has on numerous occasions confirmed that the Ontario government is committed to ensuring that municipalities are kept "whole" and that they do not encounter shortfalls in funding for infrastructure previously paid for by development charges and parkland in lieu. 5.5 To date, Clarington has failed to receive any funding put forward by the Province to offset the deficit resulting from the legislative changes and increased growth within our community. 6. Strategic Plan 6.1 The 2024-2027 Clarington Strategic Plan was built based on community input and validation and through each phase of its design it was abundantly clear that enhancing the quality of life in out community was of critical importance. The assault on municipal finances and community building from these changes will have a lasting impact and puts the entire "Grow Responsibly" pillar of our plan in jeopardy. 7. Concurrence 7.1 This report has been reviewed by the Deputy CAOs for Planning and Infrastructure, and Finance and Technology. Page 310 Municipality of Clarington Report CAO-002-24 8. Conclusion Page 15 8.1 This report outlines the significant impacts that the Municipality, both now and into the future, due to the legislative changes that have been made by the provincial government. Staff Contact: Mary -Anne Dempster, Chief Administrative Officer, Mdempster@Clarington.net Attachments: Attachment 1 — Watson and Associated Ltd. Assessment of the impacts of More Homes Built Faster Act Attachment 2 — Signed Municipal Housing Pledge Attachment 3 — Letter from Ministry of Municipal Affairs and Housing dated February 14, 2024 Attachment 4 — Letter from Mayor Foster to Minister of Municipal Affairs and Housing dated February 23, 2024 Attachment 5 — 2023 Data demonstrating each of the housing unit starts in Clarington Attachment 6 — Table detailing number "start" discrepancies for two high-rise buildings in Clarington Attachment 7 — Letter from Ministry of Municipal Affairs and Housing dated March 27, 2024 Interested Parties: The following interested parties will be notified of Council's decision: Premier Doug Ford Hon. Paul Calandra, Minister of Municipal Affairs and Housing Hon. Todd McCarthy, Minister of Public and Business Service Delivery and MPP for Durham Hon. David Piccini, Minister of Labour, Immigration, Training and Skills Development and MPP for Northumberland -Peterborough South Page 311 Assessment of the More Homes Built Faster Act Municipality of Clarington OWatson &Associates ECONOMISTS LTD. December 16, 2022 Trevor Pinn, CPA, CA Deputy CAO/Treasurer Municipality of Clarington 40 Temperance Street Bowmanville, ON L1 C 3A6 Dear Trevor Pinn: Re: Assessment of the More Homes Built Faster Act The Municipality of Clarington retained Watson & Associates Economists Ltd. (Watson) to prepare and assessment of the impacts of the More Homes Built Faster Acton the Municipality's financial position. The following sections provide an assessment of the Municipality's 10-Year Housing Target and the associated fiscal impacts associated with the amendments to the Development Charges Act (D.C.A.) and parkland dedication requirements under s. 42 of the Planning Act. Municipality of Clarington Housing Demand by Type, Tenure, and Affordability, 2021 to 2031 This section provides an analysis of forecast housing demand for the Municipality over the next 10 years by housing type and tenure (i.e. rental vs. ownership). In accordance with the affordability definitions established in the More Homes Built Faster Act', these housing categories are then further broken down by affordable and market -based dwellings. 1.1 Housing Demand by Tenure The draft Durham Region Municipal Comprehensive Review (M.C.R.) forecast identifies a demand of approximately 14,500 households between 2021 and 2031 for the Municipality'. Accommodating this level of growth requires a range of housing by Defined as the rent/sale price no greater than 80 per cent of the average market rent/purchase price. The average market rent/purchase price will be determined by the Minister of Municipal Affairs as published in the bulletin entitled the "Affordable Residential Units for the Purposes of the Development Charges Act, 1997 Bulletin". 2 Relative to the Durham Region 2022 M.C.R. forecast, the Ministry of Municipal Affairs and Housing has identified approximately 1,500 less housing units for the Municipality of Clarington over the 2021 to 2031 forecast period, representing a total housing forecast of 13,000. 2233 Argentia Rd. Office: 905-272-3600 Suite 301 Fax: 905-272-3602 HAClarington\MHBFA Impacts\Pinn, Dec 16.docx Mississauga, Ontario www.watsonecon.ca L5N 2X7 0 Vie Page 313 structure type and tenure. Building on this housing forecast by type, the following explores the Municipality's housing needs in greater detail by generating a housing forecast by both type and tenure. A tenure forecast provides greater insight into the Municipality's rental housing needs between 2021 and 2031 by various structure types. With affordability concerns increasing across the province, the pressure for primary rental dwellings will continue to grow. Based on a rental housing propensity analysis (as shown in Figure 1-1), the percentage of renter households in the Municipality is forecast to increase from 14% in 2021 to 19% in 2031, which is slightly faster than the rental housing propensity increases observed between 2011 and 2021. Figure 1-1 Municipality of Clarington Rental Housing Propensity Rate Forecast, 2021 to 2031 21% 19% m 19% CU 17% 17% m 15% 14% n 0 013% 12% 12% 11% a 11% 10% _CO9% m ry 7% 5% 2001 2006 2011 2016 2021 2026 2031 Year Historical Forecast Source: Historical data from Statistics Canada Census. Forecast by Watson & Associates Economists Ltd. 2022. Based on the above rental housing propensity forecast, rental housing in the Municipality is expected to increase from 5,150 units in 2021 to 9,640 in 2031. This represents growth of approximately 4,490 units over the period, accounting for nearly 20% of total housing growth over the forecast period. As shown in Figure 1-2, rental dwelling growth in the Municipality over the next decade is forecast to be comprised of 27% low -density (single and semi detached), 29% medium -density (townhomes and duplexes), and 44% high -density households (apartments and secondary units). This represents a shift away from low -density rental dwellings compared to the previous 20 years. Watson & Associates Economists Ltd. PAGE 3 H:\Clarington\MHBFA ImpactsTinn, Dec 16.docx Page 314 While the share of rental dwellings is forecast to increase compared to historical trends, ownership households are still forecast to represent the predominant housing tenure in the Municipality, representing slightly over 80% of all forecast housing growth between 2021 and 2031. As shown in Figure 1-3, ownership dwellings within the Municipality are forecast to primarily be low -density housing forms, with remaining housing growth largely within medium -density dwellings and to a lesser extent, high -density dwellings. Nearly all forecast high -density housing growth is expected to be in the form of rental dwellings. Figure 1-2 Municipality of Clarington Rental Housing Growth by Structure Type, Historical and Forecast, 2001 to 2031 2,800 N 2,300 v N 1,800 = 1,300 m Of 800 75 � 210 300 0 ( 10) 124 /0 (200) 2,240 2,240 i 44% 44% 1,240 1 920 34% 29°/0 29°/0 280 24°/o 2001 to 2006 2006 to 2011 2011 to 2016 2016 to 2021 2021 to 2026 2026 to 2031 Period ■ Low Density ■ Medium Density ■ High Density Source: Historical data from Statistics Canada Census. Total housing forecast derived from Durham Region M.C.R. Housing forecast bytenure prepared by Watson & Associates Economists Ltd., 2022. Watson & Associates Economists Ltd. PAGE 4 H:\Clarington\MHBFA Impacts\Pinn, Dec 16.docx Page 315 Figure 1-3 Municipality of Clarington Ownership Housing Growth by Structure Type, Historical and Forecast, 2001 to 2031 6.000 5,000 5,000 0 5,000 1 8% 8% a4,000 I 26% 26% 3,370 0 2 980 = 3,000 13% 2- 15% 2,160 1,870 2,000 16 0 0 1,000 o 2001 to 2006 2006 to 2011 2011 to 2016 2016 to 2021 ' 2021 to 2026 2026 to 2031 (1,000) Period ■ Low Density ❑ Medium Density ❑High Density Source: Historical data from Statistics Canada Census. Total housing forecast derived from Durham Region M.C.R. Housing forecast try tenure prepared by Watson & Associates Economists Ltd., 2022. 1.2 Housing Affordability Analysis Figure 1-4 summarizes average sales prices in the Municipality for single -detached, townhouse, and apartment dwelling units between 2017 and 2022. While all housing types have increased during this period, single -detached dwellings had the greatest increase since 2020, increasing 49% during this period. The cost of a dwelling in the Municipality has a direct impact on the type and tenure of housing required to accommodate the wide range of income groups. Watson & Associates Economists Ltd. PAGE 5 H:\Clarington\MHBFA Impacts\Pinn, Dec 16.docx Page 316 Figure 1-4 Municipality of Clarington Average Sales Price by Dwelling Type, 2017 to 2022 $1, 200, 000 $1, 000, 000 $800,000 $621,900 $601,200 $600,000 $400,000 $200,000 $0 $454,700 $448,300 $319,700 $333,100 2017 2018 Condo Apt $967,800 $$751,500 714,40 $608,300 $560,00 $462,300 _ - -,,--'$524,200 $1,061,900 $843,200 $587,700 $355,700 $409,600 2019 2020 2021 2022 YTD Year Townhouse Single -Detached Note: Figures have been rounded. Source: TRREB Market Watch Archive 2017 to November 2022, summarized by Watson & Associates Economists Ltd. In accordance with the definition of affordability in the More Homes Built Faster Act, the housing forecast by tenure and type has been examined from an affordable vs. market - based perspective. As shown in Figure 1-5, households with an income of less than $100,000 can afford a maximum rent of $2,500 per month or a maximum purchase price of $315,0003 4. According to 2022 real estate sale data from the Toronto Regional Real Estate Board (TRREB), the average sales price of a condominium in Clarington is $587,700 and a townhouse is $843,200. With a significant number of households unable to afford a new ownership dwelling, a shift in dwelling tenure and type is required to provide more affordable rental stock within the Municipality. 3 Affordability in this context was calculated by assuming a maximum of 30% of household income is spent on shelter costs (property taxes, mortgage payment, monthly maintenance/fees, property insurance, and a down payment of 10%). 4 The Municipality of Clarington Official Plan (2018) defines ownership affordability as annual accommodation costs not exceeding 30% of gross low- and moderate -income households or the purchase price of a resale unit is 10% below the average regional market area purchase price. Similarly, for rental affordability, the monthly costs do not exceed 30% of gross low and moderate household incomes or the rent cost is below the average market rent in the regional market area. Watson & Associates Economists Ltd. PAGE 6 H1C1arington\MHBFA ImpactsTinn, Dec 16.docx Page 317 44 Figure 1-5 Municipality of Clarington Housing Affordability Forecast by Tenure, 2021 to 2031 The Municipality's current development application pipeline supports this shift, as 41 % of all units in development approvals are categorized as apartments5. Accordingly, under the 10-year forecast for the Municipality, it is assumed that 33% of new housing units will serve households with an income of $100,000 or less6. Further observations can also be made: • To accommodate the lowest income segments of the Municipality's population, it is assumed that 33% of new rental units will accommodate households with a household income under $40,000, paying a maximum rent of $1,000 monthly — rental assistance will likely be required for these households. • Household incomes less than $150,000 are defined as having limited home ownership options. These households can afford a dwelling cost up to $475,000. Based on September 2022 TRREB price data, many of these households would not be able to afford any dwelling type unless purchasing a dwelling that would be classified as affordable under the More Homes Built Faster Act or by providing substantial down payments to significantly reduce the purchase price. • Households with income between $150,000 and $200,000 would still require assistance to purchase dwellings within the Municipality but higher household incomes can support a wider range of dwelling types. Households with income greater than $200,000 have the widest range of market housing options in the Municipality. It is assumed that nearly two thirds of new ownership households in the Municipality will be purchased by this $200,000 and greater household income group. 5 Including plans that have been submitted but not yet approved. High -density dwellings represent 27% of units in Draft Approved or Registered Plans. 6 Households with an income of less than $100,000 represent 43% of the housing stock according to the 2021 Census. Accounting for inflation and intraprovincial migration trends, this household income category is expected to reduce to 30% of households by 2031. Watson & Associates Economists Ltd. PAGE 7 H1C1arington\MHBFA ImpactsTinn, Dec 16.docx Page 318 The Municipality's 10-year housing forecast by structure type and tenure has been further analyzed to determine the number of affordable vs. market -based units in each category. The affordability of a unit is calculated against the average market rent or the average purchase price of a unit by structure type within a given year'. As demonstrated previously in Figure 1-5, nearly all household income groups below $200,000 within the Municipality would not be able to purchase a dwelling of any structure type based on income alone. Accordingly, general assumptions have been made regarding the down payment capabilities by age of primary household maintainer, household income, and dwelling type. From these assumptions, a need for affordable dwellings is calculated for both rental and ownership households by structure type. Figure 1-6 displays the results of this analysis. The following can be observed: • Only 14% of low -density units are forecast as affordable dwellings. While this is the least affordable dwelling type, there is still a substantial number of low - density units forecast in the Municipality through the Durham Region M.C.R. • Based on the anticipated family structures and household incomes within the Municipality, it is assumed that 17% of ownership low -density units will need to be affordable. Increases in the low -density rental housing stock would not qualify as an affordable rental unit since they would not be purpose-built rental dwellings$. • Medium -density units are forecast to account for over a quarter of all new rental dwellings in the Municipality in the next decade, while still forming a sizeable component of the ownership housing growth as well. Across ownership and rental units, 38% of medium -density dwellings are forecast as affordable. • High -density units are anticipated to form the smallest component of housing growth in the Municipality. There are approximately 2,500 high -density dwellings forecast over the next 10 years, with a majority expected within the rental category. Of these total high -density units, 40% are forecast as affordable over the next decade. 7 The More Homes Built Faster Act does not currently specify whether affordability will be calculated against the aggregate average annual housing value across all dwelling types, or the average annual value within each dwelling type. This analysis assumes the latter. If the prescribed affordability is calculated in aggregate across all dwelling types, then the percentage of affordable dwellings captured through this analysis dramatically increases. Similarly, it is unclear what geography will be used to define market value (i.e. provincial, municipal, sub - municipal). This could further revise the affordable housing forecast herein. 8 It is assumed that increases in the low -density rental stock are achieved through the secondary rental market, rather than the primary -built rental market. This implies that the home purchaser would function as a landlord, by renting the low -density dwelling. Since affordability would be calculated on the purchase price of the home in this instance, this would not be captured under the affordable rental category. Watson & Associates Economists Ltd. PAGE 8 H1C1arington\MHBFA ImpactsTinn, Dec 16.docx Page 319 • Lastly, secondary units are component of the high -density forecast. These units are already exempt from development charges (D.C.$) and as such, are considered as affordable. Figure 1-6 Municipality of Clarington Annual Housing Growth by Tenure, Historical and Forecast Scenarios, 2021 to 2031 Affordable • Market Based Total Affordable Market Based Total Affordable .. Market Based Total Density 1,100 7HighDensity 5,450 6,550 - 1,220 1,220 1,100 6,670 7,770 Density 810 1,820 2,630 700 610 1,310 1,510 2,430 3,940 350 460 810 640 1,040 1,680 990 1,500 2,490 Secondary Units - - 280 280 280 280 Total 2,260 7,730 9,990 1,620 2,870 4,490 3,880 10,600 14,480 Affordable Market Based Total Affordable Market Based Total Affordable Market Based Total Low7Dnsit17% 83% 100% 0% 100% 100% 14% 86% 100% Me 31% 69% 100% 53% 47% 100% 38% 62% 100% Hi 43% 57% 100% 38% 62% 100% 40% 60% 100% Secondary Units 0% 0% 0% 100% 0% 100% 100% 0% 100% Total 23% 77% 100% 36% 64% 100% 27% 1 73% 100% 2. Development Charges 2.1 More Homes Built Faster Act Amendments to the D.C.A. The major amendments to the D.C.A. considered herein include: • Additional statutory exemptions for additional residential units, affordable units and non-profit housing; • Discount for rental housing development; • Mandatory 5-year phase -in for all D.C. by-laws passed after January 1, 2022; • Extension of the historic level of service calculation period from 10-years to 15- years; Watson & Associates Economists Ltd. PAGE 9 H1CIarington\MHBFA Impacts\Pinn, Dec 16.docx Page 320 • Removal of studies from eligible capital costs9; and • D.C. by-laws would expire ten years after the in -force date. 2.2 Assessment of Additional Statutory Exemptions and Rental Housing Discount The assessment of the D.C. revenue impacts related to the additional statutory exemptions and discounts for rental housing are calculated based on the growth forecast assumption for the 2021-2031 period, as summarized in Figure 1-6. For the purposes of this assessment: • The additional residential units are included in the 10-year forecast as secondary units. Affordable units include rental, ownership and inclusionary zoning units. These units would also include non-profit housing units10 The D.C.A. defines rental housing development as "development of a building or structure with four or more residential units all of which are intended for use as rented residential premises". As such, is assumed that only high -density residential rental development in the forecast would quality for this discount. For these types of development, the D.C. will be reduced based on the number of bedrooms in each unit as follows: o Three or more bedrooms — 25% reduction; o Two bedrooms — 20% reduction; and o All other bedroom quantities — 15% reduction. It should be noted that the statutory exemption for additional residential units and the discount for rental housing development is in force as of November 28, 2022. The statutory exemptions for affordable housing will be proclaimed on a future date and are currently not in force. As summarized in Figure 1-7, the estimated D.C. revenue for the forecast residential development in Figure 1-6 would total $314.9 million, based on current Municipal D.C. rates. The proposed additional statutory exemptions and discounts are anticipated to 9 Land may be excluded as an eligible capital cost, if prescribed for certain services. At the time of writing no regulation has been filed in this regard, land costs have been maintained. 'o The D.C.A. amendments provide statutory exemptions for attainable units. These units do not include affordable units and rental units. These units will be defined by regulation. As regulations have not been filed at the time of writing no units are included herein. Watson & Associates Economists Ltd. PAGE 10 H1C1arington\MHBFA ImpactsTinn, Dec 16.docx Page 321 reduce D.C. revenues by $74.7 million over the period". This represents a reduction of approximately 24% in total residential D.C. revenues for the period. The composition of the revenue loss includes: $72.4 million in lost revenue for affordable unit exemptions, with ownership units accounting for $49.9 million and rental units $22.5 million. $2.3 million in discounts for rental housing developments. The distribution of high -density residential units by bedrooms was taken from the Municipality's 2020 D.C. Background Study, which provides for an overall D.C. discount of 19.1 % for the forecast high -density rental development. The expansion of the additional residential unit exemption, as forecast for secondary units, is expected to be minimal. This is due to only an expansion in the exemption for an additional residential unit in semi-detached and row dwellings as compared the D.C.A. prior to the recent amendments. 11 Discounted to 2020$ this equates to approximately $62.6 million. Watson & Associates Economists Ltd. PAGE 11 H1CIarington\MHBFA ImpactsTinn, Dec 16.docx Page 322 Figure 1-7 Municipality of Clarington Comparison of Residential D.C. Revenue Forecast for Growth Forecast in Figure 1-6, 2021 to 2031 D.C. Treatment Wide 2021-2031 D.C. Revenue (2022$) Dwelling Unit Type Post D.C./Unit Dwelling Unit Pre MHBFA Pre MHBFA Post MHBFA Difference Low Density Ownership Affordable Charged Exempt $ 25,954 1,100 28,549,400 - (28,549,400) Market Charged Charged $ 25,954 5,450 141,449,300 141,449,300 Rental Affordable Charged Exempt $ 25,954 - - - Market Charged Charged $ 25,954 1,220 31,663,880 1 31,663,880 Medium Density Ownership Affordable Charged Exempt $ 21,272 810 17,230,320 - (17,230,320) Market Charged Charged $ 21,272 1,820 38,715,040 38,715,040 Rental Affordable Charged Exempt $ 21,272 700 14,890,400 - (14,890,400) Market Charged Charged $ 21,272 610 12,975,920 12,975,920 - High Density Ownership Affordable Charged Exempt $ 11,813 350 4,134,500 - (4,134,500) Market Charged Charged $ 11,813 460 5,433,914 5,433,914 Rental Affordable Charged Exempt $ 11,813 640 7,560,229 - (7,560,229) Market Charged Reduced' I $ 11,813 1,040 12,285,371 9,944,092 1 (2,341,279) Secondary Units Ownership Affordable Partially Exempt2 Exempt $ 11,813 - - - Market Partially Exempt2 Exempt $ 11,813 - Rental Affordable Partially Exempt2 Exempt $ 11,813 280 Market Partially Exempt2 Exempt $ 11,813 - - - Total 14,480 314,888,274 240,182,147 1 (74,706,128) 1 Bill 23 provides for reductions in D.C. of 25%for 3 bedroom and greater units, 20%for 2 bedroom units, and 15%for all other units. Based on weighting in 2020 D.C. Background Study a reduction of 19.1% is provided. 2 Bill 23 provides for additional exemptions for secondary units within semi-detached and row dwellings. Additional exemptions are anticipated to be minimal as development is primarily related to single detached dwellings. 3 High Density/Apartment Rate based on weighting of 2 bedroom and greater units of 62% and bachelor and 1 bedroom units of 38%, based on 2020 D.C. Background Study. Watson & Associates Economists Ltd. PAGE 12 HACIarington\MHBFA Impacts\Pinn, Dec 16.docx Page 323 2.3 Assessment of Mandatory Phase -in, Historic Level of Service and Removal of Studies The Municipality's existing D.C. By-law was came into effect on January 19, 2021. The transition rules with respect to the D.C.A. amendments under the More Homes Built Faster Act for the mandatory phase -in of the charges, expansion of the historic level of service, and the removal of studies from the definition of capital costs, suggest these changes will not affect the Municipality's existing D.C. by-law. The Municipality's existing D.C. by-law is set to expire January 18, 2026. Assuming the Municipality's proceeds to pass a new by-law at that time these new provisions would have to be adhered to. To measure the potential impact on the Municipality's D.C.s, we have undertaken to assess these changes relative to the Municipality's 2020 D.C. Background Study. The following addresses each item. 2.3.1 Mandatory Phase -In If the Municipality was to pass a new D.C. by-law, the charge would have to be phased - in from the fully calculated rate in the D.C. Background Study as follows: • Year 1 — 80% of the maximum charge; • Year 2 — 85% of the maximum charge; • Year 3 — 90% of the maximum charge; • Year 4 — 95% of the maximum charge; and • Year 5 to expiry— 100% of the maximum charge. To assess the impact of this change, we considered the actual revenue12 collected under the Municipality's current D.C. by-law for the period 2021-2022. For years 2023 and 2024 revenues were based on a transition to the average post More Homes Built Faster Act average D.C. revenues provided in Figure 1-7. As summarized in Figure 1- 8, if the Municipality had to apply the mandatory phase -in rules during the 2021 D.C. By-law process, the loss in revenue would have totalled $7.3 million. This equates to a loss in revenue of approximately 10.4% over the 4-year phase -in period. In the context of the total D.C. recoverable costs over the 2020-2029 D.C. forecast period, this lost revenue would equate to approximately 2.4% of total D.C. eligible capital costs. 12 The Municipality provided a year-end estimate for 2022. Watson & Associates Economists Ltd. PAGE 13 H1C1arington\MHBFA Impacts\Pinn, Dec 16.docx Page 324 Figure 1-8 Municipality of Clarington Estimated D.C. Revenue Loss for 4-Year Period, 2021 to 2024 Actual D.C. Revenue (2021) & $ 10,444,068 $ 12,204,193 $ 20,421,234 $ 27,550,724 $ 70,620,219 Forecast (2022-2024) D.C. Phase -in under MHBFA 80% 85% 90% 95% Revenue if MHBFA Implemented in $ 8,355,254 $ 10,373,564 $ 18,379,111 $ 26,173,188 $ 63,281,117 2021 Revenue Loss Related to Phase -in $ 2,088,814 $ 1,830,629 $ 2,042,123 $ 1,377,536 $ 7,339,102 Provisions under MHBFA Actual D.C. Revenue (2021) & $ 10,277,246 $ 11,023,871 $ 15,914,079 $ 20,804,287 $ 58,019,483 Forecast (2022-2024), in 2021$ D.C. Phase -in under MHBFA 80% 85% 90% 95% Revenue if MHBFA Implemented in $ 8,221,797 $ 9,370,290 $ 14,322,671 $ 19,764,073 $ 51,678,831 2021 Revenue Loss Related to Phase -in $ 2,055,449 $ 1,653,581 $ 1,591,408 $ 1,040,214 $ 6,340,652 Provisions under MHBFA Total DC Recoverable Capital Costs $ 267,533,323 Lost Revenue as % of Total DC Recoverable 2.4% 2.3.2 Historic Level of Service At the time of preparing the Municipality's 2020 D.C. Background Study, the increase in need for service had to be measured relative to the average historic level of service over the 10-year period preceding the study. This requirement prevents municipalities from requiring development to pay a charge based on a higher level of service than provided in the municipality historically on an average cost basis. The calculations in this regard provide a maximum amount of capital costs that can be included in the calculation of the charge on a service -by -service basis, or as commonly referred to as the historic level of service cap. The More Homes Built Faster Act now extends this period from the 10-year period preceding the study to the 15-year period. To determine the potential impacts, we calculated the historic level of service cap using the 15-year period for the D.C. services included in the 2020 D.C. Background Study. Figure 1-9 compares the cap under the 2020 D.C. Background Study and the recalculated cap for the 15-year historic period. In total the cap would increase by approximately $7.9 million. As such, these amendments would be positive for the Municipality, allowing for additional capital needs unrestricted by the historic level of service cap. Watson & Associates Economists Ltd. PAGE 14 HAClarington\MHBFA ImpactsTinn, Dec 16.docx Page 325 Figure 1-9 Municipality of Clarington Comparison of 2020 D.C. Background Study Historic Level of Service Cap D.C. Service/Service Component 1.1 Services Related to a Highway Roads 0. Year HLOS) 243,895,476 0. Year HLOS) 248,475,540 4,580,064 Domes and Depots 3,752,401 3,920,266 167,865 Parking Spaces 843,395 880,156 36,761 Services Related to a Highway - Total 248,491,272 253,275,962 4,784,690 1.2 Parks and Recreation Services Parkland Development 4,811,478 4,768,088 (43,390) Parkland Trails 1,119,102 1,139,592 20,490 Recreations Vehicles and Equipment 741,549 697,556 (43,993) Parkland Amenities 9,193,575 8,687,056 (506,519) Indoor Recreation Facilities 57,761,839 61,612,708 3,850,869 Parks and Recreation Services - Total 73,627,543 76,905,000 3,277,457 1.3 Fire Services Fire Facilities 6,907,158 7,068,967 161,809 Fire Vehicles 3,708,044 3,742,997 34,953 Fire Small Equipment and Gear 304,634 308,552 3,918 Fire Services - Total 10,919,836 11,120,516 200,680 1.4 Library Services Library Facilities 8,289,916 7,937,371 (352,545) Library Collection Materials 2,430,748 2,202,348 (228,400) Library Services - Total 10,720,664 10,139,719 (580,945) 1.5 Animal Services Animal Services Facilities 901,248 942,830 41,582 Animal Services - Total 901,248 942,830 41,582 1.6 Operations Services Operations Fleet 4,856,776 5,030,296 173,520 Operations Facilities 983,810 982,605 (1,205) Operations Services - Total 5,840,586 6,012,900 172,314 Total Municipal Wide Services 350,501,149 358,396,927 7,895,778 2.3.3 Studies Ineligible Capital Cost The Municipality's 2020 D.C. Background Study, included $7.8 million in gross capital costs for studies (excluding study costs within capital projects such as design and EA studies). The D.C. recoverable share of these costs totalled $5.4 million (2020$). In the Watson & Associates Economists Ltd. PAGE 15 H:\Clarington\MHBFA ImpactsTinn, Dec 16.docx Page 326 context of the total D.C. recoverable costs over the 2020-2031 D.C. forecast period, this lost revenue would equate to approximately 2.0% of total D.C. eligible capital costs. 3. Parkland Dedication 3.1 More Homes Built Faster Act Amendments to Section 42 of the Planning Act. The major amendments to section 42 of the Planning Act regarding parkland dedication considered herein include: Additional residential units, affordable units and non-profit housing will be exempt from parkland dedication; The determination of parkland dedication for a building permit issued within two years of a Site Plan and/or Zoning By-law Amendment approval would be subject to the requirements in the by-law as at the date of planning application submission; • Reduction to the alternative requirement provisions, whereby: o For land conveyance, the alternative requirement of 1 hectare (ha.) per 300 dwelling units is reduced to 1 ha. per 600 dwelling units; o For payments -in -lieu of land (P.I.L.), the alternative requirement of 1 ha. per 500 dwelling units is reduced to 1 ha. per 1,000 net residential units; o Parkland dedication is capped at 10% of the land area, or land value, where the land proposed for development is 5 ha. or less, and 15% of the land area or land value where the land proposed for development is greater than 5 ha.; and Owners will be allowed to identify lands to meet parkland conveyance requirements, within regulatory criteria. These lands may include encumbered lands and privately owned public space (POPs). The suitability of land for parks and recreational purposes will be appealable to the Ontario Land Tribunal (OLT). Similar to the amendments to the D.C.A., the statutory exemptions for affordable housing will be proclaimed at a future date and are not currently in force. Also, the provisions for owners to identify lands for conveyance will be proclaimed at a future date. Watson & Associates Economists Ltd. PAGE 16 H1CIarington\MHBFA Impacts\Pinn, Dec 16.docx Page 327 3.2 Assessment of Statutory Exemptions and Changes to the Alternative Parkland Dedication Requirements The assessment of the parkland dedication impacts related to the statutory exemptions and lower of the alternative requirement are calculated based on the growth forecast assumption for the 2021-2031 period, as summarized in Figure 1-6. Figure 1-10 compares the total amount of parkland dedication (in land conveyance or P.I.L.) under the standard requirements and alternative requirements prior to the More Homes Built Faster Act in force date (i.e. November 28, 2022). Figure 1-11 provides the total amount of parkland dedication after the More Homes Built Faster Act amendments are fully in force. The figures also provide the parkland dedication forecast in terms of the parks level of service (i.e. ha. per 1,000 net population) for comparison to the Municipality's intended standard of 1.8 ha. per 1,000 population. Figure 1-10 Municipality of Clarington Comparison of Parkland Dedication and Service Level for the Standard and Alternative Parkland Dedication Requirements pre More Homes Built Faster Act Forecast by Dwelling Unit Type Low .- 7,770 Growth, Medium Density 3,940 2021 to 2031 High Density 2,490 DensityHousing by Secondary Units 280 Total 14,480 Density (units per net ha.) 20 48 167 n/a Net Developable Land Area (ha.) 388.5 82.1 14.9 - 485.5 Average Occupancy (net person per unit) 2.997 2.456 1.364 1.024 Net Population 23,287 9,677 1 3,396 287 36,646 Parkland Dedication - Land Conveyance 19.4 4.1 0.7 - 24.3 Standard Requirement Ha. of Land (5% of land area) Level of Service (ha. per 1,000 population) 0.83 0.42 0.22 - 0.66 Alternative Requirement Ha. of Land (1 ha. per 300 dwelling units) 25.9 13.1 8.3 0.9 48.3 Level of Service (ha. per 1,000 population) 1.11 1.36 2.44 3.26 1.32 Parkland Dedication - Cash -in -Lieu Standard Requirement Ha. of Land (5%of land area) 19.4 4.1 0.7 - 24.3 Level of Service (ha. per 1,000 population) 0.83 0.42 0.22 - 0.66 Alternative Requirement Ha. of Land (1 ha. per 500 dwelling units) 15.5 7.9 5.0 0.6 29.0 Level of Service (ha. per 1,000 population) 0.67 0.81 1.47 1.95 0.79 Watson & Associates Economists Ltd. PAGE 17 H:\CIarington\MHBFA ImpactsTinn, Dec 16.docx Page 328 OWatson &Associates ECONOMISTS LTD. Figure 1-11 Municipality of Clarington Comparison of Parkland Dedication and Service Level for the Standard and Alternative Parkland Dedication Requirements post More Homes Built Faster Act Growth, 2021 to 2031 DensityHousing by Low Density Medium Density 1�� Seconda Units ArTotal Housing Forecast by Dwelling Unit Type 7,770 3,940 2,490 280 14,480 Affordable Housing Units 1,100 1,510 990 280 3,880 Housing Forecast net of Affordable Housing 6,670 2,430 1,500 - 10,600 Density (units per net ha.) 20 48 167 n/a Net Developable Land Area (ha.) 333.5 50.6 9.0 393.1 Average Site Area per Building Permit (ha.) 0.05 0.02 0.90 0.97 Average Units per Building Permit 1 1 150 152 Total Building Permits 7,770 3,940 17 - 11,727 Average Occupancy (person per unit) 2.997 2.456 1.364 1.024 Gross Population (including Affordable Housing) 23,287 9,677 3,396 287 36,646 Parkland Dedication - Land Conveyance Standard Requirement Ha. of Land (5% of land area) 16.7 2.5 0.4 19.7 Level of Service (ha. per 1,000 population) 0.72 0.26 0.13 0.54 Alternative Requirement Ha. of Land per Application (1 ha per 600 dwelling 0.002 0.002 0.250 - units) Ha. of Land Cap per Application (cap 10% of land area <= 5ha.; 15% of land area > 5ha.) 0.008 0.003 0.090 Ha. of Land 13.0 6.6 1.5 21.0 Level of Service (ha. per 1,000 population) 0.56 0.68 0.44 0.57 Parkland Dedication - Cash -in -Lieu Standard Requirement Ha. of Land (5% of land area) 16.7 2.5 0.4 19.7 Level of Service (ha. per 1,000 population) 0.72 0.26 0.13 0.54 Alternative Requirement Ha. of Land 7.8 3.9 1.5 13.2 Level of Service (ha. per 1,000 population) 0.33 0.41 0.44 0.36 Comparing the parkland dedication, applying the standard requirement: Prior to the amendments, the forecast development would yield 24.3 ha. of parkland if land was conveyed or P.I.L. taken. This would have resulted in a service level of 0.66 ha. per 1,000 population. The amended provisions of s.42 of the Planning Act would yield 19.7 ha. of parkland. The service level is reduced to 0.54 ha. per 1,000 population. This reduction is reflective of the exemption of affordable housing developments. 2233 Argentia Rd. Office: 905-272-3600 Suite 301 Fax: 905-272-3602 Mississauga, Ontario www.watsonecon.ca L5N 2X7 0 Page 329 HACIarington\MHBFA ImpactsTinn, Dec 16.docx This would result in a reduction in parkland conveyed or P.I.L. of 4.6 ha. over the forecast period. At an average land value of $2.0 million per ha.13, this would equate to a shortfall of $9.2 million in parkland funding. Comparing the parkland dedication, applying the alternative requirement: Prior to the amendments, the forecast development would yield 48.3 ha. of parkland if land was conveyed, or 29.0 ha. of land in P.I.L. This would have resulted in a service level of 0.79-1.32 ha. per 1,000 population. • The amended provisions would yield 21.0 ha. of parkland if land was conveyed, or 13.2 ha. of land in P.I.L. The service level achieved is 0.36-0.57 ha. per 1,000 population. This reduction is reflective of both the exemption for affordable housing development and the reduced alternative requirement standards. This would result in a reduction in parkland conveyed of 27.3 ha. or $54.6 million over the forecast period. Reduced P.I.L. of parkland would be 15.8 ha. or $31.6 million. The amended provisions for parkland dedication would result in a 19% reduction in the amount of parkland conveyed or P.I.L. when applying the standard requirements, and a 55% reduction when applying the alternative requirements. These reductions would result in levels of service for parkland under the alternative requirement for land conveyance (i.e. 0.57 ha. per 1,000 population) that are similar to the standard requirements (i.e. 0.54 ha. per 1,000 population). However, for P.I.L. the standard requirements would preferable, achieving a service level of 0.54 ha. per 1,000 population as compared to 0.36 ha. per 1,000 population under the amended alternative requirements. 4. Conclusions The Municipality is forecast to experience increasing growth pressures over the next several decades. Looking forward at the next ten years, housing affordability concerns will place greater emphasize on providing a wider range of dwelling types to accommodate households with lower incomes and insufficient down payment capabilities. Section 1 explored forecast housing trends by structure type, tenure, household income, age of primary maintainer, and housing prices. Together, this analysis has informed the number of affordable dwellings that will be required over the next decade to accommodate a wide range of household incomes within the Municipality. The Durham Region M.C.R. established the number of forecast dwellings by structure type in the Municipality, but it is essential that the Municipality consider the 13 Average parkland value provided by Municipal staff. Watson & Associates Economists Ltd. PAGE 19 H1CIarington\MHBFA ImpactsTinn, Dec 16.docx Page 330 households that can afford these dwellings and how these homes get delivered to accommodate a diverse pattern of household incomes. On the basis of the forecast housing development provided in Figure 1-6, and relative to the 2020 D.C. Background Study, Section 2 measured the impacts on the Municipality's D.C. revenues. Assuming the current D.C.A. rules were in place in 2020, the total D.C. implication would be approximately $74.3 million in revenue (2020$). In the context of the total D.C. recoverable costs over the 2021-2031 D.C. forecast period of $267.5 million, this lost revenue would equate to approximately 27.8% of total D.C. eligible capital costs. Total D.C. Revenue Impact (in 020 D.C. Exemptions and Discounts $62.6 million D.C. Phase -In $6.3 million Historic Level of Service No Impact on Revenues Studies $5.4 million Total $74.3 million Section 3, projected the impacts of the amended standard requirement and alternative requirement rules for parkland dedication under s. 42 of the Planning Act. Based on the development forecast assumptions in Figure 1-6, these amendments would reduce the amount of parkland dedication by 19% from previous levels where the standard requirements are applied. This equates to a loss of approximately 4.6 ha. or $7.7 million in 2020$14 on parkland that would have to be funded by property taxes if prior standards were to be maintained. Under the alternative requirement, the reduction would represent a reduction of 55% in parkland dedication. This would result in a reduction in parkland conveyed/P.I.L. of 15.8-27.3 ha. and a corresponding value of $26.4-$45.7 million in 2020$. Moreover, this would result in a reduction in the incremental level of service provided by new development equating to approximately 0.57 ha. per 1,000 population. This compares to the Municipality's intended standard of 1.8 ha. per 1,000 population Combining the total revenue impacts for the D.C. and parkland dedication analysis contained herein, the Municipality would lose approximately $82.0 million (2020$) 14 Assuming the same deflation rate as provided for the D.C. impacts above, i.e. 19.3%. Watson & Associates Economists Ltd. PAGE 20 H:\Clarington\MHBFA ImpactsTinn, Dec 16.docx Page 331 applying the standard parkland dedication requirements, and $100.7-$120.0 million (2020$) applying the alternative parkland dedication requirements. Yours very truly, WATSON & ASSOCIATES ECONOMISTS LTD. Andrew Grunda, MBA, CPA, CMA Principal Watson & Associates Economists Ltd. PAGE 21 H:\Clarington\MHBFA ImpactsTinn, Dec 16.docx Page 332 Municipal Housing Pledge Clarington's Municipal Housing Target is 13,000 by 2031 The following represents actions that may be facilitated by the Municipality of Clarington to implement the Municipal Housing Pledge: Facilitating Growth • Official Plan: Completing the Secondary Plans currently in progress by 2026 will facilitate housing units within Clarington's existing urban areas that will contribute towards the achievement of the short-term target to 2031. Concurrently, staff will initiate and complete the Clarington Official Plan Review that will address longer -term growth and development to 2051. • Zoning: Develop zoning to implement newly approved and updated Secondary Plans to provide for zoning that aligns with approved built forms and densities, and complete new urban area zoning by-law to provide permissions outside of secondary plan areas that support new housing units and reduce the need for site -specific zoning amendments, which can be costly and resource consuming. Zoning for the Bowmanville and Courtice MTSAs will be prioritized to be completed within a year of the Province's approval of Durham's MTSAs, as required. • Consider Community Planning Permit System: The Clarington Official Plan provides for the use of the Community Planning Permit System tool, which combines zoning, minor variances and site plan into one process. Upon the completion of the necessary secondary planning and zoning work, staff will explore locations and situations in which a Community Planning Permit System might be appropriate and support the housing target commitment, such as for affordable housing or within MTSAs. • Community Improvement Plans: Clarington's existing CIPs are due to be updated in 2023/2024. Opportunities to support the development of affordable housing units through CIP programming will be explored as part of the review and update. • Municipal Heritage Register: Clarington's Municipal Register will be reviewed and cultural heritage resources list can be updated to better enable staff to proactively address the conservation of resources on lands subject to residential development applications. • Engineering Design Standards: Continue initiative to update Clarington's Engineering Design Standards to align with current best practices and improve processing timelines during the detailed engineering review stage of residential subdivision applications. • Streamlining Development Approvals Processes: A comprehensive set of initiatives is underway by the Municipality to modernize, streamline, improve accessibility to, and accelerate processes for managing and approving housing applications, including maximizing capabilities of new software and technology, implementing an application prioritization process, hiring of necessary staff resources and consultant expertise, Page 333 modification of pre -consultation processes, and delegation of additional authorities to staff. Supportive Servicing and Infrastructure Infrastructure Master Planning: Clarington is committed to doing its part to work with Durham Region to align land use planning and infrastructure planning to maximize the efficiency of servicing secondary plan areas to support the construction of new homes. Staff will explore an Infrastructure Master Plan where it would be beneficial to align local municipal transportation and servicing infrastructure capital projects with secondary planning to support development. Enhancing Support for Housing Encouraging Additional Dwelling Units: Build on recent official plan and zoning amendments that permit 2Rd and 3rd residential units to incorporate additional Bill 23 direction. Encourage developers to provide additional units in the design of dwellings at the time of purchase and sale to increase ADUs and affordable housing options. A citizen -friendly guide to ADUs and promotion on the Municipality's social media site may be explored. Affordable Housing Toolkit: Continue to implement initiatives endorsed as part of Clarington's Affordable Housing Toolkit, including the use of surplus municipal lands for non-profit housing. An inventory of available lands will be generated and the requirements of new developments to provide affordable housing, either through monetary contributions or land. Prioritize Applications: Clarington will consider criteria that prioritize applications that achieve the Municipality's affordability and sustainability objectives and which are an overall benefit to the community. The proposed criteria to prioritize applications is: o non-profit housing and long term care facilities, a applications that provide for a minimum ten percent affordable units, o applications that incorporate significant sustainable and walkable design features, o projects that exceed the minimum parkland and open space requirements to the benefit of the residents and the broader community, and o applications on the former Greenbelt lands at Nash and Hancock Roads, in accordance with provincial direction and timelines. Standardized Terms of Reference: Staff will create or update terms of reference for studies required in support of development applications to provide a clear expectation of requirements and minimize processing time and number of submissions. Collaboration and Partnerships • Provincial and Federal Partners: Clarington is committed to collaborating with the Province (including Metrolinx) and Federal partners to support and implement projects Page 334 and funding initiatives that support affordable and quality housing, including the timely development of the Bowmanville and Courtice GO Train Stations. • Development Industry: The Municipality will continue to foster its collaborative relationship with the development industry, including regular meetings bi-annually with the development industry to identify opportunities for mutual improvement to facilitate the achievement of the housing target. Monitoring and Reporting • Key Indicators: Key performance indicators will be developed to inform annual monitoring reports to Council on the delivery of the target, including (i) number of registered or draft approved units in the pipeline (ii) length of time units have been approved without proceeding to the next stage of development (iii) which lands are not proceeding once approved (iv) number of additional dwelling units (v) number of refunded application fees, and (vi) OLT appeals based on non -decisions. • Annual Monitoring Report: Staff will provide a yearly monitoring report to update Council on the status of initiatives, progress towards Clarington's 13,000 housing unit target, infrastructure availability, influencing market conditions, opportunities and challenges, staff resources and any amendments to the pledge that may be required. • Dormant Application Follow-up: Focus staff resources on applications that are progressively moving forward, close applications that have been dormant, and allow to expire those approvals for applications that have not proceeded to building permit. Staff will contact the developer(s) subsequent to the release of staff's annual housing monitoring report to encourage them to advance execution of the appropriate agreements and/or build. Consideration will be given to a measurable deadline for developers to complete their projects within a two -to -three-year time frame. External Influencing Factors outside of Clarington's Control The Pledge and Action Items provided herein is a commitment that the Municipality will strive to do its part to meet the assigned housing target for Clarington. However, housing markets, rising interest rates, borrowing requirements, senior government policies, cost of materials, land values, delivery of public services, labour shortages, and ability for the private sector to construct the units are outside of the Municipality's control and will influence and affect the achievement of the target. With the above in mind, the Municipality of Clarington pledges to the Minister of Municipal Affairs and Housing to facilitate the construction of 13,000 housing units by 2031. Mayor Adrian Foster Page 335 Ministry of Municipal Affairs and Housing Office of the Minister 777 Bay Street, 17th Floor Toronto ON M7A 2J3 Tel.: 416 585-7000 Ministere des Affaires municipales et du Logement Bureau du ministre 777, rue Bay, 17e etage Toronto (Ontario) M7A 2J3 Tel.: 416 585-7000 234-2024-527 February 14, 2024 Your Worship Mayor Adrian Foster Municipality of Clarington mayor@clarington.net Dear Mayor Foster, Subject: 2023 Housing Targets and Performance — Please treat as confidential To help achieve our shared goal of building at least 1.5 million homes by 2031, our government has provided 50 of our largest communities with housing targets. As you are aware, performance against annualized targets is being used to determine allocations under the new Building Faster Fund and is also being reported on the Ministry of Municipal Affairs and Housing's website. We ask that these figures be kept confidential until the Province has announced them publicly. With year-end data for 2023 now available, the Ministry has tabulated an assessment of your municipality's 2023 housing performance. A detailed breakdown is included below: 2023 Program Year Provincial Target 110,000 Municipality of Clarington Target 953 Municipality of Clarington Actual Performance, of which: 506 (53% of target) Housing Starts (CMHC) Conversions (CMHC) Long -Term Care Beds (Ontario MLTC) 250 32 224 Performance against the annual housing targets is being evaluated based on housing starts, as defined and published in the Canada Mortgage and Housing Corporation's (CMHC) Starts and Completions Survey; conversions as defined in the Conversions and Demolitions Survey (which includes Additional Residential Units such as basement suites add to existing structures); as well as Long -Term Care (LTC) beds created in a given calendar year (data provided by the Ministry of Long -Term Care). J2 Page 336 -2- As a reminder, eligibility for the Building Faster Fund (which was first announced on August 21, 2023, and is intended to launch early in the 2024-2025 Fiscal Year for 2023 performance), is contingent on the following pre -requisite conditions: 1. Your municipality meeting or exceeding 80% of the assigned annual housing target for each program year (2023, 2024, and 2025), as outlined in the table above; 2. Having responded in writing to my request (dated September 15, 2023) to rank your (or the Head of Council at the time's) top priority recommendations of the Housing Affordability Task Force; and 3. Having submitted a council -endorsed pledge or a written commitment from you (or the Head of Council at the time), to meet the municipality's assigned 2031 housing target. As detailed above, our records show that your municipality did not meet the 80% threshold for 2023. 1 encourage you to work with your council and other stakeholders on additional efforts to increase housing supply performance in the coming year and beyond. Our records also show that: • We are in receipt of your ranking of Housing Affordability Task Force recommendations. Your commitment and/or council -endorsed pledge to meet the assigned 2031 target was submitted. Given the above, I regret to inform you that the Municipality of Clarington has not met the eligibility criteria for the Building Faster Fund in 2023. 1 encourage you to work towards eligibility for future program years. If you have any questions, please contact my Deputy Minister, Martha Greenberg, at martha.greenberg@ontario.ca. I look forward to continuing our work together to ensure that more people can afford a place to call home. Minister of Municipal Affairs of Housing c. Mary -Anne Dempster, CAO, mdempster@clarington.net June Gallagher, Clerk, jallagher@clarington.net Hon. Rob Flack, Associate Minister of Housing Michael Klimuntowski, Chief of Staff, Minister's Office Martha Greenberg, Deputy Minister Page 337 February 23, 2024 The Honourable Paul Calandra Minister of Municipal Affairs and Housing 777 Bay Street, 17th Floor Toronto, ON M7A 2J3 Re: 2023 Housing Targets and Performance Dear Minister Calandra: Thank you for your letter of February 14, 2024, regarding Clarington's 2023 housing starts performance and eligibility for the Building Faster Fund (BFF). Clarington is committed to working in partnership with the Province to meet our shared goal of creating more homes in a responsible and sustainable manner. I was disappointed to receive your letter indicating that Clarington's year-end data for 2023 had us falling short by a significant margin. In December 2023, Clarington sent a report to your office illustrating our achievement of 955 starts —exceeding our target. Those starts were confirmed by our Chief Administrative Officer, Chief Building Official, and Deputy CAO, Planning and Infrastructure. Clarington has met its 2023 targets as per the commitment letter that I signed. I asked our Planning and Building officials to attempt to understand the discrepancy, and I am left deeply concerned. CMHC's Starts and Completions Survey defines a start as the beginning of construction work on a building. By this definition, I stand firm that we have exceeded our target, as our 955 units all had permits issued and inspections completed in 2023. It is clear to us that CMHC's indicators are not comprehensive. I can appreciate that this is a significant undertaking on the part of your government and Ministry staff, so I have attached the data that demonstrates that 955 units were started in Clarington in 2023 as per your definition. The Corporation of the Municipality of Clarington, 40 Temperance Street, Bowmanville, ON L1 C 3A6 1-800-563-1195 1 Local:905-623-3379 1 mayor@clarington.net I www.clarington.net Page 338 Page 2 As an example of the discrepancy, your letter listed 250 Housing Starts —this is clearly inaccurate, given that two multi -story buildings in Bowmanville, totalling 440 units, were started and inspected by our Chief Building Official in 2023. These permits were issued and reported in our August 2023 Monthly Report on Building Permit Activity, sent to CMHC on September 8, 2023. These buildings have been an active construction site for several months. I commend the Province for offering municipalities the ability to access these funds to drive important projects forward. My council colleagues and I —and our community — are counting on these funds to allocate to our upcoming Parks, Recreation and Culture Master Plan, which will include significant investments in infrastructure, amenities and services that residents need and deserve. Municipal staff are eager to meet with ministry staff to resolve this matter. I request that the Ministry please follow up with Carlos Salazar, Deputy CAO, Planning and Infrastructure, at csalazar@clarington.net. I look forward to continuing our relationship to meet our shared goals in a fair and collaborative manner. Sincerely, Y_ Adrian Foster Mayor Attachments: Report PDS-069-23: Housing Pledge for 13,000 Units by 2031 — Units Issued and Starts Update, 2023 Building Permit Summary - 2023 - Inspection Passed cc: Hon. Rob Flack, Associate Minister of Housing Michael Klimuntowski, Chief of Staff, Minister's Office Martha Greenberg, Deputy Minister, MMAH Todd J. McCarthy, MPP, Durham David Piccini, MPP, Northumberland —Peterborough South Mary -Anne Dempster, Chief Administrative Officer Carlos Salazar, Deputy CAO, Planning and Infrastructure Services June Gallagher, Clerk, Municipality of Clarington The Corporation of the Municipality of Clarington, 40 Temperance Street, Bowmanville, ON L1 C 3A6 1-800-563-1195 1 Local:905-623-3379 1 mayor@clarington.net I www.clarington.net Page 339 - Addre BLDG-2023-0933 3327 TRULLS ROAD COURTICE Issued 2023-12-06 Single -Detached Dwelling New Construction 1 2 1 2023-12-15 BLDG-2023-0912 27 DARLINGTON BOULEVARD COURTICE Issued 2023-11-30 Single -Detached Dwelling New Construction 1 5 4 2023-12-04 BLDG-2023-0815 251 FLOOD AVENUE NEWCASTLE Issued 2023-10-04 Single -Detached Dwelling New Construction 1 11 7 2023-09-21 BLDG-2023-0814 147 FLOOD AVENUE NEWCASTLE Issued 2023-09-27 Single -Detached Dwelling New Construction 1 4 4 2023-10-02 BLDG-2023-0813 143 FLOOD AVENUE NEWCASTLE Issued 2023-09-27 Single -Detached Dwelling New Construction 1 2 2 2023-10-03 BLDG-2023-0812 139 FLOOD AVENUE NEWCASTLE Issued 2023-09-27 Single -Detached Dwelling New Construction 1 4 4 2023-10-03 BLDG-2023-0811 135 FLOOD AVENUE NEWCASTLE Issued 2023-09-27 Single -Detached Dwelling New Construction 1 4 4 2023-10-03 BLDG-2023-0810 131 FLOOD AVENUE NEWCASTLE Issued 2023-09-27 Single -Detached Dwelling New Construction 1 4 4 2023-10-03 BLDG-2023-0809 190 FLOOD AVENUE NEWCASTLE Issued 2023-09-27 Single -Detached Dwelling New Construction 1 7 5 2023-09-21 BLDG-2023-0808 171 FLOOD AVENUE NEWCASTLE Issued 2023-09-27 Single -Detached Dwelling New Construction 1 4 4 2023-09-21 BLDG-2023-0807 159 FLOOD AVENUE NEWCASTLE Issued 2023-09-27 Single -Detached Dwelling New Construction 1 4 4 2023-09-21 BLDG-2023-0806 155 FLOOD AVENUE NEWCASTLE Issued 2023-09-27 Single -Detached Dwelling New Construction 1 4 4 2023-09-21 BLDG-2023-0805 151 FLOOD AVENUE NEWCASTLE Issued 2023-09-27 Single -Detached Dwelling New Construction 1 4 4 2023-09-21 BLDG-2023-0804 1 SALMON CRESCENT NEWCASTLE Issued 2023-09-27 Single -Detached Dwelling New Construction 1 7 6 2023-10-11 BLDG-2023-0707 2939 RUNDLE ROAD DARLINGTON Issued 2023-09-01 Single -Detached Dwelling New Construction 1 9 6 2023-10-04 BLDG-2023-0626 2739 MAPLE GROVE ROAD DARLINGTON Issued 2023-10-12 Single -Detached Dwelling New Construction 1 9 2 2023-09-21 BLDG-2023-0624 6765 LOWERY ROAD CLARKE Issued 2023-11-14 Single -Detached Dwelling New Construction 1 10 2 2024-01-05 BLDG-2023-0527 4196 CONCESSION RD 4 CLARKE Issued 2023-08-08 Single -Detached Dwelling New Construction 1 5 2 2023-08-17 BLDG-2023-0526 39 SALMON CRESCENT NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 5 5 2023-08-10 BLDG-2023-0525 247 FLOOD AVENUE NEWCASTLE Issued 2023-07-24 Single -Detached Dwelling New Construction 1 8 5 2023-08-30 BLDG-2023-0524 243 FLOOD AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 8 4 2023-08-28 BLDG-2023-0523 227 FLOOD AVENUE NEWCASTLE Issued 2023-09-18 Single -Detached Dwelling New Construction 1 3 2 2023-08-17 BLDG-2023-0522 63 NORTHROP AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 11 10 2023-07-20 BLDG-2023-0521 71 NORTHROP AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 10 7 2023-07-20 BLDG-2023-0520 75 NORTHROP AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 12 10 2023-07-26 BLDG-2023-0519 79 NORTHROP AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 12 9 2023-07-26 BLDG-2023-0518 83 NORTHROP AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 9 7 2023-07-26 BLDG-2023-0517 95 NORTHROP AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 15 11 2023-08-03 BLDG-2023-0516 99 NORTHROP AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 13 10 2023-08-03 BLDG-2023-0515 103 NORTHROP AVENUE NEWCASTLE Issued 2023-07-24 Single -Detached Dwelling New Construction 1 12 9 2023-08-03 BLDG-2023-0514 214 FLOOD AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 10 6 2023-08-03 BLDG-2023-0513 15 ALEX KNOTT DRIVE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 4 3 2023-08-02 BLDG-2023-0512 19 ALEX KNOTT DRIVE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 12 9 2023-08-02 BLDG-2023-0511 23 ALEX KNOTT DRIVE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 11 7 2023-08-01 BLDG-2023-0510 142 FLOOD AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 4 4 2023-08-21 BLDG-2023-0509 246 FLOOD AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 7 5 2023-08-03 BLDG-2023-0508 238 FLOOD AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 7 6 2023-08-03 BLDG-2023-0507 234 FLOOD AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 4 4 2023-08-03 BLDG-2023-0506 226 FLOOD AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 3 3 2023-08-03 BLDG-2023-0505 222 FLOOD AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 4 4 2023-08-03 BLDG-2023-0504 199 FLOOD AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 2 2 2023-08-15 BLDG-2023-0503 195 FLOOD AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 11 8 2023-08-15 BLDG-2023-0502 187 FLOOD AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 8 6 2023-08-15 BLDG-2023-0501 183 FLOOD AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 11 6 2023-08-14 BLDG-2023-0500 207 FLOOD AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 9 6 2023-08-15 BLDG-2023-0499 215 FLOOD AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 7 6 2023-08-17 BLDG-2023-0498 50 BELMONT DRIVE NEWCASTLE Issued 2023-07-24 Single -Detached Dwelling New Construction 1 7 5 2023-08-09 BLDG-2023-0497 156 BELMONT DRIVE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 7 6 2023-08-09 BLDG-2023-0496 35 SALMON CRESCENT NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 6 5 2023-08-11 BLDG-2023-0494 31 SALMON CRESCENT NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 7 5 2023-08-11 BLDG-2023-0493 27 SALMON CRESCENT NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 7 5 2023-08-09 BLDG-2023-0492 23 SALMON CRESCENT NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 3 3 2023-08-09 BLDG-2023-0491 19 SALMON CRESCENT NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 5 5 2023-08-09 BLDG-2023-0490 15 SALMON CRESCENT NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 6 5 2023-08-09 BLDG-2023-0489 11 SALMON CRESCENT NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 7 6 2023-08-09 BLDG-2023-0488 7 SALMON CRESCENT NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 7 6 2023-08-09 BLDG-2023-0487 239 FLOOD AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 8 5 2023-08-28 BLDG-2023-0486 235 FLOOD AVENUE NEWCASTLE Issued 2023-07-24 Single -Detached Dwelling New Construction 1 4 4 2023-08-28 BLDG-2023-0485 231 FLOOD AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 4 4 2023-08-25 BLDG-2023-0484 223 FLOOD AVENUE NEWCASTLE Issued 2023-07-24 Single -Detached Dwelling New Construction 1 7 6 2023-08-17 BLDG-2023-0483 191 FLOOD AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 9 8 2023-08-14 BLDG-2023-0482 179 FLOOD AVENUE NEWCASTLE Issued 2023-07-19 Single -Detached Dwelling New Construction 1 10 7 2023-08-14 BLDG-2023-0479 175 FLOOD AVENUE NEWCASTLE Issued 2023-07-20 Single -Detached Dwelling New Construction 1 10 7 2023-08-14 BLDG-2023-0478 203 FLOOD AVENUE NEWCASTLE Issued 2023-07-20 Single -Detached Dwelling New Construction 1 10 9 2023-08-15 BLDG-2023-0477 211 FLOOD AVENUE NEWCASTLE Issued 2023-07-20 Single -Detached Dwelling New Construction 1 9 7 2023-08-15 BLDG-2023-0476 219 FLOOD AVENUE NEWCASTLE Issued 2023-07-20 Single -Detached Dwelling New Construction 1 6 4 2023-08-17 BLDG-2023-0475 1 ALEX KNOTT DRIVE NEWCASTLE Issued 2023-07-20 Single -Detached Dwelling New Construction 1 15 12 2023-08-17 BLDG-2023-0474 7 ALEX KNOTT DRIVE NEWCASTLE Issued 2023-07-20 Single -Detached Dwelling New Construction 1 10 7 2023-08-04 BLDG-2023-0473 11 ALEX KNOTT DRIVE NEWCASTLE Issued 2023-07-20 Single -Detached Dwelling New Construction 1 9 5 2023-08-04 BLDG-2023-0472 138 FLOOD AVENUE NEWCASTLE Issued 2023-07-20 Single -Detached Dwelling New Construction 1 4 3 2023-08-21 BLDG-2023-0471 146 FLOOD AVENUE NEWCASTLE Issued 2023-07-20 Single -Detached Dwelling New Construction 1 4 4 2023-08-21 BLDG-2023-0470 150 FLOOD AVENUE NEWCASTLE Issued 2023-07-20 Single -Detached Dwelling New Construction 1 4 4 2023-08-22 BLDG-2023-0469 154 FLOOD AVENUE NEWCASTLE Issued 2023-07-20 Single -Detached Dwelling New Construction 1 4 4 2023-08-22 BLDG-2023-0468 158 FLOOD AVENUE NEWCASTLE Issued 2023-07-20 Single -Detached Dwelling New Construction 1 3 3 2023-08-22 Page 340 BLDG-2023-0467 162 FLOOD AVENUE NEWCASTLE Issued 2023-07-20 Single -Detached Dwelling New Construction 1 3 3 2023-08-22 BLDG-2023-0466 166 FLOOD AVENUE NEWCASTLE Issued 2023-07-20 Single -Detached Dwelling New Construction 1 3 3 2023-08-22 BLDG-2023-0465 170 FLOOD AVENUE NEWCASTLE Issued 2023-07-20 Single -Detached Dwelling New Construction 1 4 4 2023-08-22 BLDG-2023-0464 174 FLOOD AVENUE NEWCASTLE Issued 2023-07-20 Single -Detached Dwelling New Construction 1 6 5 2023-08-25 BLDG-2023-0463 178 FLOOD AVENUE NEWCASTLE Issued 2023-07-20 Single -Detached Dwelling New Construction 1 5 4 2023-08-25 BLDG-2023-0462 182 FLOOD AVENUE NEWCASTLE Issued 2023-07-20 Single -Detached Dwelling New Construction 1 7 4 2023-08-25 BLDG-2023-0461 186 FLOOD AVENUE NEWCASTLE Issued 2023-07-20 Single -Detached Dwelling New Construction 1 8 6 2023-08-25 BLDG-2023-0426 242 FLOOD AVENUE NEWCASTLE Issued 2023-07-07 Single -Detached Dwelling New Construction 1 7 5 2023-08-03 BLDG-2023-0425 230 FLOOD AVENUE NEWCASTLE Issued 2023-07-07 Single -Detached Dwelling New Construction 1 4 4 2023-08-03 BLDG-2023-0424 58 BELMONT DRIVE NEWCASTLE Issued 2023-07-07 Single -Detached Dwelling New Construction 1 4 4 2023-08-04 BLDG-2023-0423 54 BELMONT DRIVE NEWCASTLE Issued 2023-07-07 Single -Detached Dwelling New Construction 1 7 4 2023-08-04 BLDG-2023-0413 160 BELMONT DRIVE NEWCASTLE Issued 2023-07-07 Single -Detached Dwelling New Construction 1 7 6 2023-08-09 BLDG-2023-0412 62 BELMONT DRIVE NEWCASTLE Issued 2023-07-07 Single -Detached Dwelling New Construction 1 10 9 2023-07-12 BLDG-2023-0411 66 BELMONT DRIVE NEWCASTLE Issued 2023-07-07 Single -Detached Dwelling New Construction 1 12 7 2023-07-12 BLDG-2023-041C 70 BELMONT DRIVE NEWCASTLE Issued 2023-07-07 Single -Detached Dwelling New Construction 1 11 8 2023-07-12 BLDG-2023-0409 67 NORTHROP AVENUE NEWCASTLE Issued 2023-07-07 Single -Detached Dwelling New Construction 1 12 9 2023-07-18 BLDG-2023-0408 87 NORTHROP AVENUE NEWCASTLE Issued 2023-07-07 Single -Detached Dwelling New Construction 1 5 4 2023-08-03 BLDG-2023-0407 91 NORTHROP AVENUE NEWCASTLE Issued 2023-07-07 Single -Detached Dwelling New Construction 1 12 10 2023-08-03 BLDG-2023-0406 107 NORTHROP AVENUE NEWCASTLE Issued 2023-07-07 Single -Detached Dwelling New Construction 1 23 14 2023-08-10 BLDG-2023-0405 218 FLOOD AVENUE NEWCASTLE Issued 2023-07-07 Single -Detached Dwelling New Construction 1 5 4 2023-08-03 BLDG-2023-0404 210 FLOOD AVENUE NEWCASTLE Issued 2023-07-07 Single -Detached Dwelling New Construction 1 7 7 2023-08-03 BLDG-2023-0403 206 FLOOD AVENUE NEWCASTLE Issued 2023-07-07 Single -Detached Dwelling New Construction 1 10 7 2023-08-03 BLDG-2023-0402 202 FLOOD AVENUE NEWCASTLE Issued 2023-07-07 Single -Detached Dwelling New Construction 1 17 10 2023-08-03 BLDG-2023-0297 6120 WERRY ROAD DARLINGTON Issued 2023-07-05 Single -Detached Dwelling New Construction 1 14 12 2023-07-17 BLDG-2023-0272 3201 RUNDLE ROAD DARLINGTON Issued 2023-10-27 Single -Detached Dwelling New Construction 1 6 2 2023-11-06 BLDG-2023-021C 2033 NASH ROAD DARLINGTON Issued 2023-04-25 Single -Detached Dwelling New Construction 1 14 4 2023-07-20 BLDG-2023-0193 1800 CONCESSION RD 10 DARLINGTON Issued 2023-03-09 Single -Detached Dwelling New Construction 1 11 5 2023-04-06 BLDG-2023-0179 42 BROOME AVENUE COURTICE Closed 2023-04-13 Single -Detached Dwelling New Construction 1 21 13 2023-05-01 BLDG-2023-0178 30 BROOME AVENUE COURTICE Issued 2023-04-13 Single -Detached Dwelling New Construction 1 23 16 2023-05-01 BLDG-2023-0175 4326 OLD SCUGOG ROAD DARLINGTON Issued 2023-06-12 Single -Detached Dwelling New Construction 1 13 7 2023-07-24 BLDG-2023-0173 38 BROOME AVENUE COURTICE Closed 2023-04-13 Single -Detached Dwelling New Construction 1 20 14 2023-05-01 BLDG-2023-0172 34 BROOME AVENUE COURTICE Issued 2023-04-13 Single -Detached Dwelling New Construction 1 19 13 2023-05-01 BLDG-2023-0107 107 ED EWERT AVENUE NEWCASTLE Closed 2023-05-12 Single -Detached Dwelling New Construction 1 21 16 2023-05-05 BLDG-2023-008C 17 JONES AVENUE NEWTONVILLE Closed 2023-03-16 Single -Detached Dwelling New Construction 1 16 9 2023-05-10 BLDG-2023-007C 845 TOWNLINE ROAD N DARLINGTON Issued 2023-05-16 Single -Detached Dwelling New Construction 1 13 10 2023-05-29 BLDG-2023-0065 74 BELMONT DRIVE NEWCASTLE Issued 2023-04-27 Single -Detached Dwelling New Construction 1 13 7 2023-05-25 BLDG-2023-0064 78 BELMONT DRIVE NEWCASTLE Closed 2023-04-27 Single -Detached Dwelling New Construction 1 14 10 2023-05-25 BLDG-2023-0063 82 BELMONT DRIVE NEWCASTLE Issued 2023-04-27 Single -Detached Dwelling New Construction 1 19 10 2023-05-25 BLDG-2023-0062 106 NORTHROP AVENUE NEWCASTLE Closed 2023-04-27 Single -Detached Dwelling New Construction 1 23 16 2023-06-15 BLDG-2023-0061 102 NORTHROP AVENUE NEWCASTLE Issued 2023-05-08 Single -Detached Dwelling New Construction 1 25 15 2023-05-10 BLDG-2023-006C 98 NORTHROP AVENUE NEWCASTLE Closed 2023-05-08 Single -Detached Dwelling New Construction 1 21 17 2023-05-10 BLDG-2023-0059 94 NORTHROP AVENUE NEWCASTLE Closed 2023-05-08 Single -Detached Dwelling New Construction 1 23 14 2023-05-10 BLDG-2023-0058 90 NORTHROP AVENUE NEWCASTLE Closed 2023-05-08 Single -Detached Dwelling New Construction 1 22 14 2023-05-10 BLDG-2023-0057 86 NORTHROP AVENUE NEWCASTLE Issued 2023-04-25 Single -Detached Dwelling New Construction 1 7 6 2023-05-01 BLDG-2023-0056 82 NORTHROP AVENUE NEWCASTLE Issued 2023-04-24 Single -Detached Dwelling New Construction 1 21 15 2023-05-01 BLDG-2023-0055 78 NORTHROP AVENUE NEWCASTLE Issued 2023-04-24 Single -Detached Dwelling New Construction 1 23 15 2023-05-01 BLDG-2023-0054 74 NORTHROP AVENUE NEWCASTLE Issued 2023-04-24 Single -Detached Dwelling New Construction 1 15 11 2023-05-01 BLDG-2023-0053 70 NORTHROP AVENUE NEWCASTLE Closed 2023-04-24 Single -Detached Dwelling New Construction 1 21 16 2023-05-01 BLDG-2023-0052 66 NORTHROP AVENUE NEWCASTLE Issued 2023-04-24 Single -Detached Dwelling New Construction 1 15 7 2023-05-01 BLDG-2023-0051 62 NORTHROP AVENUE NEWCASTLE Issued 2023-04-24 Single -Detached Dwelling New Construction 1 21 11 2023-05-01 BLDG-2023-005C 27 ALEX KNOTT DRIVE NEWCASTLE Issued 2023-04-27 Single -Detached Dwelling New Construction 1 11 9 2023-07-05 BLDG-2023-0049 31 ALEX KNOTT DRIVE NEWCASTLE Issued 2023-04-27 Single -Detached Dwelling New Construction 1 18 11 2023-07-05 BLDG-2023-0048 134 FLOOD AVENUE NEWCASTLE Issued 2023-05-04 Single -Detached Dwelling New Construction 1 13 7 2023-08-21 BLDG-2023-0047 55 NORTHROP AVENUE NEWCASTLE Issued 2023-04-27 Single -Detached Dwelling New Construction 1 5 3 2023-07-05 BLDG-2023-0046 51 NORTHROP AVENUE NEWCASTLE Issued 2023-05-08 Single -Detached Dwelling New Construction 1 15 13 2023-07-05 BLDG-2023-0045 47 NORTHROP AVENUE NEWCASTLE Issued 2023-04-27 Single -Detached Dwelling New Construction 1 19 13 2023-07-05 BLDG-2023-0044 43 NORTHROP AVENUE NEWCASTLE Issued 2023-04-27 Single -Detached Dwelling New Construction 1 15 12 2023-07-05 BLDG-2023-0043 39 NORTHROP AVENUE NEWCASTLE Issued 2023-04-27 Single -Detached Dwelling New Construction 1 14 12 2023-07-05 BLDG-2023-0042 35 NORTHROP AVENUE NEWCASTLE Issued 2023-04-27 Single -Detached Dwelling New Construction 1 12 10 2023-07-05 BLDG-2023-0041 31 NORTHROP AVENUE NEWCASTLE Issued 2023-04-27 Single -Detached Dwelling New Construction 1 12 9 2023-07-05 BLDG-2023-004C 27 NORTHROP AVENUE NEWCASTLE Issued 2023-04-27 Single -Detached Dwelling New Construction 1 4 3 2023-07-05 BLDG-2023-0039 23 NORTHROP AVENUE NEWCASTLE Issued 2023-04-27 Single -Detached Dwelling New Construction 1 10 7 2023-07-05 BLDG-2023-0038 19 NORTHROP AVENUE NEWCASTLE Issued 2023-05-04 Single -Detached Dwelling New Construction 1 17 11 2023-07-05 BLDG-2023-0037 15 NORTHROP AVENUE NEWCASTLE Issued 2023-05-04 Single -Detached Dwelling New Construction 1 10 7 2023-07-11 BLDG-2023-0036 11 NORTHROP AVENUE NEWCASTLE Closed 2023-05-04 Single -Detached Dwelling New Construction 1 19 16 2023-07-11 BLDG-2023-0035 7 NORTHROP AVENUE NEWCASTLE Issued 2023-05-04 Single -Detached Dwelling New Construction 1 20 15 2023-07-11 BLDG-2023-0034 1 NORTHROP AVENUE NEWCASTLE Issued 2023-05-08 Single -Detached Dwelling New Construction 1 14 12 2023-07-11 BLDG-2023-0033 2 NORTHROP AVENUE NEWCASTLE Issued 2023-05-08 Single -Detached Dwelling New Construction 1 12 6 2023-05-31 BLDG-2023-0032 6 NORTHROP AVENUE NEWCASTLE Closed 2023-05-08 Single -Detached Dwelling New Construction 1 21 15 2023-05-31 BLDG-2023-0031 10 NORTHROP AVENUE NEWCASTLE Issued 2023-05-08 Single -Detached Dwelling New Construction 1 13 7 2023-05-31 BLDG-2023-003C 14 NORTHROP AVENUE NEWCASTLE Closed 2023-05-08 Single -Detached Dwelling New Construction 1 23 14 2023-05-31 BLDG-2023-0029 18 NORTHROP AVENUE NEWCASTLE Closed 2023-05-08 Single -Detached Dwelling New Construction 1 20 14 2023-05-31 BLDG-2023-0028 22 NORTHROP AVENUE NEWCASTLE Closed 2023-05-08 Single -Detached Dwelling New Construction 1 26 16 2023-05-31 BLDG-2023-0027 26 NORTHROP AVENUE NEWCASTLE Issued 2023-04-25 Single -Detached Dwelling New Construction 1 5 4 2023-04-26 BLDG-2023-0026 30 NORTHROP AVENUE NEWCASTLE Closed 2023-04-25 Single -Detached Dwelling New Construction 1 24 15 2023-04-26 Page 341 BLDG-2023-0025 34 NORTHROP AVENUE NEWCASTLE Closed 2023-05-08 Single -Detached Dwelling New Construction 1 26 13 2023-05-31 BLDG-2023-0024 38 NORTHROP AVENUE NEWCASTLE Issued 2023-04-25 Single -Detached Dwelling New Construction 1 17 13 2023-04-26 BLDG-2023-0023 42 NORTHROP AVENUE NEWCASTLE Closed 2023-05-08 Single -Detached Dwelling New Construction 1 24 15 2023-05-31 BLDG-2023-0022 46 NORTHROP AVENUE NEWCASTLE Closed 2023-04-25 Single -Detached Dwelling New Construction 1 27 17 2023-05-31 BLDG-2023-0021 50 NORTHROP AVENUE NEWCASTLE Closed 2023-05-08 Single -Detached Dwelling New Construction 1 26 21 2023-05-25 BLDG-2023-0020 54 NORTHROP AVENUE NEWCASTLE Issued 2023-04-25 Single -Detached Dwelling New Construction 1 8 5 2023-04-26 BLDG-2022-0935 86 BELMONT DRIVE NEWCASTLE Issued 2023-04-24 Single -Detached Dwelling New Construction 1 4 4 2023-05-05 BLDG-2022-0934 1 ED EWERT AVENUE NEWCASTLE Issued 2023-05-08 Single -Detached Dwelling New Construction 1 12 10 2023-04-21 BLDG-2022-0933 11 ED EWERT AVENUE NEWCASTLE Closed 2023-05-04 Single -Detached Dwelling New Construction 1 18 13 2023-05-17 BLDG-2022-0932 19 ED EWERT AVENUE NEWCASTLE Issued 2023-04-24 Single -Detached Dwelling New Construction 1 11 9 2023-05-17 BLDG-2022-0931 23 ED EWERT AVENUE NEWCASTLE Closed 2023-04-24 Single -Detached Dwelling New Construction 1 19 13 2023-05-17 BLDG-2022-0930 27 ED EWERT AVENUE NEWCASTLE Closed 2023-04-24 Single -Detached Dwelling New Construction 1 26 14 2023-05-17 BLDG-2022-0929 31 ED EWERT AVENUE NEWCASTLE Closed 2023-04-24 Single -Detached Dwelling New Construction 1 18 13 2023-05-12 BLDG-2022-0928 35 ED EWERT AVENUE NEWCASTLE Closed 2023-04-24 Single -Detached Dwelling New Construction 1 18 12 2023-05-12 BLDG-2022-0927 43 ED EWERT AVENUE NEWCASTLE Closed 2023-05-04 Single -Detached Dwelling New Construction 1 19 10 2023-05-12 BLDG-2022-0926 47 ED EWERT AVENUE NEWCASTLE Closed 2023-04-24 Single -Detached Dwelling New Construction 1 19 13 2023-05-12 BLDG-2022-0925 51 ED EWERT AVENUE NEWCASTLE Closed 2023-04-24 Single -Detached Dwelling New Construction 1 20 14 2023-05-12 BLDG-2022-0924 55 ED EWERT AVENUE NEWCASTLE Closed 2023-04-24 Single -Detached Dwelling New Construction 1 18 12 2023-05-12 BLDG-2022-0921 63 ED EWERT AVENUE NEWCASTLE Closed 2023-04-24 Single -Detached Dwelling New Construction 1 23 16 2023-05-01 BLDG-2022-0920 67 ED EWERT AVENUE NEWCASTLE Closed 2023-04-24 Single -Detached Dwelling New Construction 1 24 16 2023-05-01 BLDG-2022-0919 71 ED EWERT AVENUE NEWCASTLE Closed 2023-03-23 Single -Detached Dwelling New Construction 1 25 15 2023-05-01 BLDG-2022-0918 75 ED EWERT AVENUE NEWCASTLE Closed 2023-04-24 Single -Detached Dwelling New Construction 1 19 13 2023-05-01 BLDG-2022-0917 79 ED EWERT AVENUE NEWCASTLE Closed 2023-05-04 Single -Detached Dwelling New Construction 1 18 12 2023-05-08 BLDG-2022-0916 83 ED EWERT AVENUE NEWCASTLE Issued 2023-04-24 Single -Detached Dwelling New Construction 1 20 14 2023-05-03 BLDG-2022-0915 87 ED EWERT AVENUE NEWCASTLE Closed 2023-05-04 Single -Detached Dwelling New Construction 1 22 15 2023-05-08 BLDG-2022-0914 91 ED EWERT AVENUE NEWCASTLE Closed 2023-04-24 Single -Detached Dwelling New Construction 1 20 15 2023-05-02 BLDG-2022-0913 95 ED EWERT AVENUE NEWCASTLE Closed 2023-05-04 Single -Detached Dwelling New Construction 1 20 14 2023-05-05 BLDG-2022-0912 99 ED EWERT AVENUE NEWCASTLE Closed 2023-04-24 Single -Detached Dwelling New Construction 1 25 16 2023-05-04 BLDG-2022-0911 103 ED EWERT AVENUE NEWCASTLE Closed 2023-05-04 Single -Detached Dwelling New Construction 1 28 18 2023-05-05 BLDG-2022-0910 39 ED EWERT AVENUE NEWCASTLE Issued 2023-04-24 Single -Detached Dwelling New Construction 1 22 15 2023-05-12 BLDG-2022-0909 15 ED EWERT AVENUE NEWCASTLE Closed 2023-05-04 Single -Detached Dwelling New Construction 1 20 14 2023-05-17 BLDG-2022-0908 7 ED EWERT AVENUE NEWCASTLE Closed 2023-05-04 Single -Detached Dwelling New Construction 1 21 16 2023-05-17 BLDG-2022-0893 90 BELMONT DRIVE NEWCASTLE Closed 2023-05-04 Single -Detached Dwelling New Construction 1 18 13 2023-05-05 BLDG-2022-0892 94 BELMONT DRIVE NEWCASTLE Closed 2023-05-04 Single -Detached Dwelling New Construction 1 21 17 2023-05-05 BLDG-2022-0891 98 BELMONT DRIVE NEWCASTLE Issued 2023-05-04 Single -Detached Dwelling New Construction 1 9 7 2023-05-18 BLDG-2022-0890 102 BELMONT DRIVE NEWCASTLE Closed 2023-05-04 Single -Detached Dwelling New Construction 1 21 14 2023-05-18 BLDG-2022-0889 106 BELMONT DRIVE NEWCASTLE Closed 2023-05-04 Single -Detached Dwelling New Construction 1 29 16 2023-05-18 BLDG-2022-0888 110 BELMONT DRIVE NEWCASTLE Closed 2023-05-04 Single -Detached Dwelling New Construction 1 20 15 2023-05-18 BLDG-2022-0887 106 ED EWERT AVENUE NEWCASTLE Closed 2023-04-21 Single -Detached Dwelling New Construction 1 17 14 2023-04-27 BLDG-2022-0886 62 ED EWERT AVENUE NEWCASTLE Closed 2023-04-21 Single -Detached Dwelling New Construction 1 16 13 2023-04-24 BLDG-2022-0877 33 ROSE CRESCENT NEWTONVILLE Closed 2023-02-06 Single -Detached Dwelling New Construction 1 13 8 2023-03-02 BLDG-2022-0876 34 ROSE CRESCENT NEWTONVILLE Issued 2023-02-06 Single -Detached Dwelling New Construction 1 6 2 2023-09-20 BLDG-2022-0850 102 ED EWERT AVENUE NEWCASTLE Closed 2023-02-14 Single -Detached Dwelling New Construction 1 21 16 2023-04-13 BLDG-2022-0849 98 ED EWERT AVENUE NEWCASTLE Issued 2023-02-14 Single -Detached Dwelling New Construction 1 12 10 2023-04-13 BLDG-2022-OW 94 ED EWERT AVENUE NEWCASTLE Closed 2023-02-14 Single -Detached Dwelling New Construction 1 13 12 2023-04-13 BLDG-2022-0847 90 ED EWERT AVENUE NEWCASTLE Closed 2023-02-14 Single -Detached Dwelling New Construction 1 17 12 2023-04-13 BLDG-2022-0846 86 ED EWERT AVENUE NEWCASTLE Issued 2023-02-14 Single -Detached Dwelling New Construction 1 14 10 2023-04-13 BLDG-2022-OW 82 ED EWERT AVENUE NEWCASTLE Closed 2023-02-14 Single -Detached Dwelling New Construction 1 16 13 2023-04-13 BLDG-2022-0844 78 ED EWERT AVENUE NEWCASTLE Issued 2023-02-14 Single -Detached Dwelling New Construction 1 12 8 2023-04-13 BLDG-2022-0843 74 ED EWERT AVENUE NEWCASTLE Closed 2023-02-14 Single -Detached Dwelling New Construction 1 20 15 2023-04-13 BLDG-2022-0842 70 ED EWERT AVENUE NEWCASTLE Closed 2023-03-23 Single -Detached Dwelling New Construction 1 17 13 2023-04-27 BLDG-2022-0841 66 ED EWERT AVENUE NEWCASTLE Closed 2023-02-14 Single -Detached Dwelling New Construction 1 21 15 2023-04-13 BLDG-2022-0840 2 ED EWERT AVENUE NEWCASTLE Closed 2023-04-21 Single -Detached Dwelling New Construction 1 15 12 2023-05-17 BLDG-2022-0839 6 ED EWERT AVENUE NEWCASTLE Closed 2023-02-14 Single -Detached Dwelling New Construction 1 13 12 2023-04-11 BLDG-2022-0838 10 ED EWERT AVENUE NEWCASTLE Closed 2023-02-13 Single -Detached Dwelling New Construction 1 16 13 2023-04-11 BLDG-2022-0837 14 ED EWERT AVENUE NEWCASTLE Closed 2023-04-21 Single -Detached Dwelling New Construction 1 16 12 2023-04-21 BLDG-2022-0835 18 ED EWERT AVENUE NEWCASTLE Closed 2023-02-13 Single -Detached Dwelling New Construction 1 23 17 2023-04-11 BLDG-2022-0834 22 ED EWERT AVENUE NEWCASTLE Closed 2023-02-13 Single -Detached Dwelling New Construction 1 18 15 2023-04-11 BLDG-2022-0832 26 ED EWERT AVENUE NEWCASTLE Closed 2023-04-21 Single -Detached Dwelling New Construction 1 24 15 2023-04-20 BLDG-2022-0831 30 ED EWERT AVENUE NEWCASTLE Closed 2023-04-21 Single -Detached Dwelling New Construction 1 19 16 2023-04-24 BLDG-2022-0830 34 ED EWERT AVENUE NEWCASTLE Closed 2023-12-20 Single -Detached Dwelling New Construction 1 16 14 2023-04-11 BLDG-2022-0829 38 ED EWERT AVENUE NEWCASTLE Closed 2023-04-21 Single -Detached Dwelling New Construction 1 18 13 2023-04-21 BLDG-2022-0827 42 ED EWERTAVENUE NEWCASTLE Closed 2023-02-13 Single -Detached Dwelling New Construction 1 18 14 2023-04-11 BLDG-2022-0826 46 ED EWERT AVENUE NEWCASTLE Closed 2023-05-04 Single -Detached Dwelling New Construction 1 16 13 2023-05-04 BLDG-2022-0825 50 ED EWERT AVENUE NEWCASTLE Closed 2023-05-04 Single -Detached Dwelling New Construction 1 18 13 2023-05-04 BLDG-2022-0824 54 ED EWERT AVENUE NEWCASTLE Closed 2023-05-08 Single -Detached Dwelling New Construction 1 21 14 2023-05-04 BLDG-2022-0823 179 GRADY DRIVE NEWCASTLE Closed 2023-03-23 Single -Detached Dwelling New Construction 1 17 14 2023-04-04 BLDG-2022-0822 175 GRADY DRIVE NEWCASTLE Closed 2023-03-23 Single -Detached Dwelling New Construction 1 20 14 2023-04-04 BLDG-2022-0821 171 GRADY DRIVE NEWCASTLE Closed 2023-03-23 Single -Detached Dwelling New Construction 1 19 13 2023-04-04 BLDG-2022-0820 167 GRADY DRIVE NEWCASTLE Closed 2023-03-23 Single -Detached Dwelling New Construction 1 18 14 2023-04-04 BLDG-2022-0792 3301 TRULLS ROAD COURTICE Issued 2023-04-06 Single -Detached Dwelling New Construction 1 13 10 2023-05-02 BLDG-2022-0710 12 BRADLEY BOULEVARD MITCHELL CORNERS Issued 2023-03-17 Single -Detached Dwelling New Construction 1 14 9 2023-05-26 BLDG-2022-0517 270 MILL STREET N NEWCASTLE Issued 2023-06-14 Single -Detached Dwelling New Construction 1 5 3 2023-08-30 BLDG-2021-1130 50 CLARKE STREET NEWCASTLE Issued 2023-04-03 Single -Detached Dwelling New Construction 1 5 3 2023-07-14 BLDG-2021-1097 51 CLARINGTON BOULEVARD BOWMANVILLE Issued 2023-08-18 Apartment Building New Construction 307 4 1 2023-07-11 BLDG-2021-0641 12 FOURTH STREET BOWMANVILLE Issued 2023-03-24 Single -Detached Dwelling New Construction 1 22 6 2023-05-30 BLDG-2021-0531 55 CLARINGTON BOULEVARD BOWMANVILLE Issued 2023-08-18 Apartment Building New Construction 133 132 2 2023-04-25 3,059 2,060 664 Page 342 BLDG-2023-0930 72 FRED JACKMAN AVENUE BOWMANVILLE Issued 2023-11-14 Additional Residential Unit Alteration/Repair 1 17 4 2023-12-11 BLDG-2023-0917 87 SUMERSFORD DRIVE BOWMANVILLE Issued 2023-10-24 Additional Residential Unit Alteration/Repair 1 15 3 2023-12-20 BLDG-2023-0863 183 COURTNEY STREET BOWMANVILLE Issued 2023-11-23 Additional Residential Unit Alteration/Repair 1 12 6 2023-11-28 BLDG-2023-0859 203 EDWARD STREET W NEWCASTLE Under Review 2023-12-01 Additional Residential Unit Alteration/Repair 1 12 2 2024-01-11 BLDG-2023-0844 165 EAST SHORE DRIVE BOWMANVILLE Issued 2023-11-16 Additional Residential Unit Alteration/Repair 1 10 3 2024-02-02 BLDG-2023-0842 1429 NASH ROAD COURTICE Issued 2023-11-14 Additional Residential Unit New Construction 1 3 3 2023-11-21 BLDG-2023-0819 6 CARLSON PLACE BOWMANVILLE Issued 2023-10-12 Additional Residential Unit Alteration/Repair 1 9 6 2023-11-03 BLDG-2023-0742 131 ONTARIO STREET BOWMANVILLE Under Review 2023-09-27 Additional Residential Unit Alteration/Repair 1 2 1 2023-11-10 BLDG-2023-0724 7 SECOND STREET BOWMANVILLE Issued 2023-11-01 Additional Residential Unit Alteration/Repair 1 18 7 2023-11-15 BLDG-2023-0706 23 KINGSVIEW COURT COURTICE Closed 2023-09-20 Additional Residential Unit Alteration/Repair 1 22 9 2023-10-13 BLDG-2023-0670 10 DUKE STREET BOWMANVILLE Issued 2023-09-14 Additional Residential Unit Alteration/Repair 1 4 1 2023-12-14 BLDG-2023-0669 14 DUKE STREET BOWMANVILLE Issued 2023-09-14 Additional Residential Unit Alteration/Repair 1 4 1 2023-12-14 BLDG-2023-0661 4660 FICES ROAD DARLINGTON Issued 2023-09-26 Additional Residential Unit New Construction 1 2 1 2023-11-20 BLDG-2023-0645 138 QUEEN STREET BOWMANVILLE Issued 2023-08-11 Additional Residential Unit Alteration/Repair 2 3 1 2023-12-19 BLDG-2023-0638 158 JENNINGS DRIVE BOWMANVILLE Issued 2023-09-25 Additional Residential Unit Alteration/Repair 1 6 2 2024-01-15 BLDG-2023-0625 5805 SOLINA ROAD SOLINA Issued 2023-09-19 Additional Residential Unit New Construction 1 4 2 2023-09-27 BLDG-2023-0619 1 DUDLEY COURT COURTICE Issued 2023-08-16 Additional Residential Unit Alteration/Repair 1 5 2 2023-08-30 BLDG-2023-0604 42 NODEN CRESCENT NEWCASTLE Under Review 2023-07-26 Additional Residential Unit Alteration/Repair 1 12 1 2024-01-22 BLDG-2023-0563 139 WOOLACOTT LANE BOWMANVILLE Issued 2023-07-31 Additional Residential Unit Alteration/Repair 1 16 9 2023-08-28 BLDG-2023-0542 133 DOUGLAS KEMP CRESCENT BOWMANVILLE Issued 2023-09-08 Additional Residential Unit Alteration/Repair 1 26 3 2023-11-07 BLDG-2023-0538 1932 CONCESSION RD 6 SOLINA Issued 2023-08-17 Additional Residential Unit New Construction 1 8 3 2023-09-11 BLDG-2023-0537 199 NORTHGLEN BOULEVARD BOWMANVILLE Closed 2023-07-31 Additional Residential Unit Alteration/Repair 1 18 9 2023-08-29 BLDG-2023-0535 1580 HIGHWAY 2 COURTICE Issued 2023-10-17 Additional Residential Unit Alteration/Repair 1 6 2 2023-11-20 BLDG-2023-0455 239 GLENABBEY DRIVE COURTICE Issued 2023-07-28 Additional Residential Unit Alteration/Repair 1 2 1 2023-08-18 BLDG-2023-0421 51 JENNINGS DRIVE BOWMANVILLE Issued 2023-11-02 Additional Residential Unit Alteration/Repair 1 3 2 2024-01-29 BLDG-2023-0364 48 JACKMAN ROAD BOWMANVILLE Issued 2023-06-26 Additional Residential Unit New Construction 1 17 3 2023-07-03 BLDG-2023-0334 62 IRELAND STREET BOWMANVILLE Closed 2023-11-17 Additional Residential Unit Alteration/Repair 1 30 7 2023-09-11 BLDG-2023-0323 8 BURK COURT BOWMANVILLE Issued 2023-05-11 Additional Residential Unit Alteration/Repair 1 8 3 2023-09-21 BLDG-2023-0317 3589 TOOLEY ROAD DARLINGTON Issued 2023-05-24 Additional Residential Unit Alteration/Repair 1 22 6 2023-09-22 BLDG-2023-0308 218 BRUCE CAMERON DRIVE BOWMANVILLE Closed 2023-07-12 Additional Residential Unit Alteration/Repair 1 22 8 2023-08-22 BLDG-2023-0266 5 BRUNTSFIELD STREET COURTICE Closed 2023-05-01 Additional Residential Unit Alteration/Repair 1 26 11 2023-06-07 BLDG-2023-0234 1641 TAUNTON ROAD MITCHELL CORNERS Issued 2023-03-27 Additional Residential Unit Alteration/Repair 1 7 6 2023-04-06 BLDG-2023-0222 29 RONALD HOOPER AVENUE BOWMANVILLE Issued 2023-04-14 Additional Residential Unit Alteration/Repair 1 14 6 2023-06-26 BLDG-2023-0216 132 HIGH STREET BOWMANVILLE Issued 2023-08-03 Additional Residential Unit New Construction 1 3 2 2023-08-14 BLDG-2023-0213 59 ARTHUR MCLAUGHLIN STREET BOWMANVILLE Closed 2023-03-28 Additional Residential Unit Alteration/Repair 1 13 7 2023-05-29 BLDG-2023-0200 33 FORRESTER DRIVE BOWMANVILLE Closed 2023-03-20 Additional Residential Unit Alteration/Repair 1 23 11 2023-08-16 BLDG-2023-0198 26 ARTHUR MCLAUGHLIN STREET BOWMANVILLE Closed 2023-03-23 Additional Residential Unit Alteration/Repair 1 15 8 2023-03-31 BLDG-2023-0195 4705 CONCESSION RD 6 CLARKE Issued 2023-04-03 Additional Residential Unit Alteration/Repair 1 11 3 2023-06-26 BLDG-2023-0189 605 LONGWORTH AVENUE BOWMANVILLE Issued 2023-06-02 Additional Residential Unit Alteration/Repair 1 14 3 2023-07-07 BLDG-2023-0187 7 SUNICREST COURT BOWMANVILLE Issued 2023-04-11 Additional Residential Unit Alteration/Repair 1 8 6 2023-05-11 BLDG-2023-0169 59 WHITEHAND DRIVE NEWCASTLE Closed 2023-03-30 Additional Residential Unit Alteration/Repair 1 28 7 2023-07-26 BLDG-2023-0163 191 LYLE DRIVE BOWMANVILLE Issued 2023-03-20 Additional Residential Unit Alteration/Repair 1 10 4 2023-04-25 BLDG-2023-0106 204 BOTTRELL STREET BOWMANVILLE Closed 2023-02-27 Additional Residential Unit Alteration/Repair 1 24 6 2023-05-15 BLDG-2023-0098 15 MCLELLAN DRIVE COURTICE Issued 2023-02-24 Additional Residential Unit Alteration/Repair 1 4 4 2023-03-06 BLDG-2023-0088 154 LYLE DRIVE BOWMANVILLE Issued 2023-02-08 Additional Residential Unit Alteration/Repair 1 15 1 2024-01-31 BLDG-2023-0074 11 CHURCH STREET BOWMANVILLE Issued 2023-03-06 Additional Residential Unit New Construction 1 21 10 2023-05-26 BLDG-2023-0072 1672 NASH ROAD COURTICE Closed 2023-02-03 Additional Residential Unit Alteration/Repair 1 17 11 2023-02-17 BLDG-2023-0067 52 QUEEN STREET BOWMANVILLE Issued 2023-08-15 Additional Residential Unit Alteration/Repair 1 9 3 2023-09-05 BLDG-2023-0016 39 CORNISH DRIVE COURTICE Closed 2023-01-26 Additional Residential Unit Alteration/Repair 1 18 9 2023-02-21 BLDG-2022-0964 14 CALE AVENUE COURTICE Issued 2023-03-24 Additional Residential Unit Alteration/Repair 1 2 1 2023-10-10 BLDG-2022-0957 9 DUKE STREET BOWMANVILLE Closed 2023-01-12 Additional Residential Unit Alteration/Repair 1 12 8 2023-01-13 BLDG-2022-0956 32 BONATHON CRESCENT BOWMANVILLE Issued 2023-05-26 Additional Residential Unit Alteration/Repair 1 18 7 2023-10-13 BLDG-2022-0954 B 11 DUKE STREET BOWMANVILLE Closed 2023-01-12 Additional Residential Unit Alteration/Repair 1 16 8 2023-01-13 BLDG-2022-0951 187 COURTNEY STREET BOWMANVILLE Issued 2023-03-13 Additional Residential Unit Alteration/Repair 1 3 1 2023-09-06 BLDG-2022-0946 8 PARKWAY CRESCENT BOWMANVILLE Issued 2023-02-17 Additional Residential Unit Alteration/Repair 1 9 4 2023-05-16 BLDG-2022-0907 3695 CONCESSION RD 3 CLARKE Issued 2023-01-13 Additional Residential Unit New Construction 1 10 5 2023-07-05 BLDG-2022-0903 155 RONALD HOOPER AVENUE BOWMANVILLE Closed 2023-02-08 Additional Residential Unit Alteration/Repair 1 23 10 2023-03-15 BLDG-2022-0896 140 COURTNEY STREET BOWMANVILLE Closed 2023-01-03 Additional Residential Unit New Construction 1 26 8 2023-05-23 BLDG-2022-0880 127 ONTARIO STREET BOWMANVILLE Issued 2023-02-07 Additional Residential Unit Alteration/Repair 1 9 1 2023-06-19 BLDG-2022-0858 152 KENNETH COLE DRIVE BOWMANVILLE Issued 2023-05-10 Additional Residential Unit Alteration/Repair 1 10 4 2023-08-14 BLDG-2022-0855 59 PURDY PLACE BOWMANVILLE Closed 2023-02-03 Additional Residential Unit Alteration/Repair 1 9 7 2023-03-29 BLDG-2022-0736 23 KILPATRICK COURT BOWMANVILLE Closed 2023-06-12 Additional Residential Unit Alteration/Repair 1 15 7 2023-06-13 BLDG-2022-0695 69 SCUGOG STREET BOWMANVILLE Closed 2023-04-14 Additional Residential Unit Alteration/Repair 1 28 14 2023-09-05 BLDG-2022-0676 22 FLOOD AVENUE NEWCASTLE Issued 2023-01-26 Additional Residential Unit Alteration/Repair 1 13 4 2023-03-03 BLDG-2022-0560 51 SAILORS LANDING BOWMANVILLE Issued 2023-05-10 Additional Residential Unit Alteration/Repair 1 11 3 2023-07-07 BLDG-2022-0303 75 DOUGLAS KEMP CRESCENT BOWMANVILLE Issued 2023-03-20 Additional Residential Unit Alteration/Repair 1 3 1 2023-07-18 852 322 Page 343 BLDG-2023-0249 285 BOSWELL DRIVE BOWMANVILLE Issued 2023-08-04 Long -Term Care Facility New Construction 224 13 2 2023-11-21 Page 344 Numbers Discrepancy for Clarington High -Rise Buildings 51 and 55 Clarington Boulevard Address Units Foundation Permit Full Permit Issued Date of footings Considered Issued inspection by "started" by CMHC Clarington 55 Clarington Boulevard 133 August 19, 2022 August 18, 2023, April 25, 2023 November 2022 51 Clarington Boulevard 307 October 7, 2022 August 18, 2023 July 11, 2023 January 2024 Page 345 Ministry of Municipal Affairs and Housing Office of the Minister 777 Bay Street, 17"' Floor Toronto ON M7A 2J3 Tel.: 416 585-7000 March 27, 2024 Your Worship Mayor Adrian Foster Municipality of Clarington HAnderson clarin ton.net Dear Mayor Foster: Ministere desl Affaires municipales et du Logement Bureau du ministre Ontario 777, rue Bay, 171 elage Toronto (Ontario) M7A 2J3 Tel.: 416 585-7000 234-2024-904 Thank you for your recent correspondence regarding the Building Faster Fund and the tracking of Clarington's 2023 housing starts. I appreciate the time you have taken to write, and I appreciate your support for our joint goal of building at least 1.5 million homes by 2031. We are focusing on removing red tape for our partners, supporting municipalities, and making investments in housing -enabling infrastructure so that more homes can be built faster. We have heard from many municipalities that your biggest obstacle in building homes is infrastructure. That is why we are making historic investments in housing- and community -enabling infrastructure to get more homes built across the province, including the Building Faster Fund and the Ontario Community Infrastructure Fund. In addition, Premier Ford recently announced a new $1 billion Municipal Housing Infrastructure Program as well as a quadrupling of the provincial Housing -Enabling Water Systems Fund to $825 million. More information about the new program, including eligibility and application intake details, will be announced later this year. I know that municipalities, including the Municipality of Clarington, have undertaken significant initiatives to implement and complement provincial actions and get more shovels in the ground, faster. The Building Faster Fund assesses performance against housing targets using new housing starts, as well as new and upgraded long-term care beds and additional residential units created by renovating or converting existing residential and non- residential buildings to residential uses. Page 346 12 -2- As communicated in my letter on February 14, 2024, if the municipality does not reach at least 80 percent of their housing target in a calendar year through these combined numbers, it is not eligible for a funding allocation through the Building Faster Fund. Having met approximately 53% of its assigned housing target for 2023 (inclusive of these three data sources), the Municipality of Clarington is regrettably not eligible to receive funding for 2023-24. 1 note your concerns with the use of Canada Mortgage and Housing Corporation (CMHC) data to assess eligibility for the Building Faster Fund. As my ministry measures progress towards meeting housing targets, we need to use consistent, validated, and regularly published data for all municipalities across the province. Further, a permit is not a shovel in the ground or a home to live in. CMHC uses a consistent methodology nationally and publishes data for starts and conversions on a monthly basis. CMHC also has a very robust data collection and verification system that ensures that units counted as a start have actually begun construction (usually defined by the pouring of a foundation). Potential construction sites are first identified through building permit data. CMHC staff then visit the sites to confirm that new residential units have reached set stages in the construction process. Other approaches are also used (e.g., local sources, other field enumeration procedures) where there are no building permits. Given the above, we will continue to use CMHC housing starts and conversions data (in addition to long-term care data provided by the Ministry of Long -Term Care) to track progress for the purposes of evaluating performance for the Building Faster Fund. All municipalities are judged by the same metrics, and we applaud those that are meeting or exceeding targets. 1 also note your concerns with CMHC's tracking of housing starts data in your municipality and possible discrepancies with municipal data. My ministry is working with Association of Municipalities of Ontario and the City of Toronto to develop a coordinated process to engage CMHC on questions and issues associated with housing starts and conversions data such as those that you have identified. We will consider the issues you have identified as part of the process and look forward to working with your municipality to resolve any outstanding questions or issues you may have. Once again, thank you for writing and sharing your thoughts with us. We remain ready and willing to work with municipalities to meet their housing pledges and address Ontario's housin­q'-cwis. Please accept my best wishes. Si Hon. Paul Calandra Minister of Municipal Affairs and Housing Page 347 Clarftwn Staff Report If this information is required in an alternate accessible format, please contact the Accessibility Coordinator at 905-623-3379 ext. 2131. Report To: General Government Committee Date of Meeting: April 8, 2024 Report Number: PUB-009-24 Submitted By: Reviewed By: Authored by: File Number: Lee -Ann Reck, Deputy CAO, Public Services Mary -Anne Dempster, CAO Resolution#: George Acorn, Director Community Services By-law Number: Report Subject: Orono Town Hall 125th Anniversary — Funding Request Recommendations: 1. That Report PUB-009-24, and any related delegations or communication items, be received; 2. That funds in the amount of $ be approved in response to the funding request from the Orono Town Hall Board to assist with the events identified as part of their 125t" anniversary, with funding sources at the discretion of the Deputy CAO, Finance and Technology/Treasurer as outlined in Report PUB-009-24; and M That the funding request from the Orono Town Hall Board to assist with the events identified as part of their 125t" anniversary be received with thanks; and 3. That all interested parties listed in Report PUB-009-24, and any delegations be advised of Council's decision. Page 348 Municipality of Clarington Report PUB-009-24 Report Overview Page 2 This report is providing information for Council consideration of a funding request from the Orono Town Hall Board for events celebrating their 125th year anniversary. Staff have consulted with the organization to evaluate the request and distinguish between events that are part of their regular operation versus events that were specifically planned to commemorate the 125th anniversary. Also as directed by Council, staff are working to develop a policy for how future requests pertaining to milestone celebration funding can be best handled. These guidelines will be included in a Civic Recognition Program that is being prepared and will be before Council prior to the end of 2024. 1. Background 1.1 At the January 22, 2024, Joint General Government and Planning and Development Committee meeting, correspondence from Brad Smith, Chair Orono Town Hall was received (Attachment 1). It included a request for Council to consider assisting with the funding of the events planned around the milestone anniversary. The original request included three specific events and multiple community movie nights. 1.2 At the January 29th Council meeting, it was resolved "That the correspondence from the Orono Town Hall Board be received; That the request for funding be referred to Staff to gather more information, including the total anticipated cost of the events; and that Staff create a policy to deal with these types of grant requests. 1.3 During subsequent discussions with Board members, it was discussed what events from the original request were specific to the 125th anniversary celebrations and what events were regular and/or annual events. This resulted in a revised request being sent on March 5, 2024 (Attachment 2). 1.4 The details identified a Women's International Day on March 8 at a budgeted cost of $3,350 and the 125th Anniversary Dinner on April 6 and a net budgeted cost of $3,510, not including the in -kind provision of tables from the Municipality. 1.5 Prior to the preparation of this report, Community Services staff did commit to providing tables for the April 6th Anniversary Dinner, as in -kind support for the event. 2. Future Considerations 2.1 As part of the same request from Council, staff were directed to develop a Policy to manage future requests for milestone celebrations. Page 349 Municipality of Clarington Report PUB-009-24 Page 3 2.2 Currently staff in Public Services are engaged in a project to develop a Civic Recognition Program. The program will outline a process for the Mayor and Members of Council to recognize outstanding contributions from individuals and community groups for the valuable work they do to serve and enhance our community. 2.3 Further, the Civic Recognition Program, will outline which major milestones will be recognized. This will apply to Anniversary Milestones, like that from Orono in 2024, as well as personal milestone events such as birthdays and wedding anniversaries. Staff plan to have this report before Council later in 2024. 3. Financial Considerations 3.1 Due to the timing of this request, the item was not included in the 2024-2027 Operating Budget. It is planned to include timelines and other criteria in the Civic Recognition Program that would require requests to be submitted as part of the annual operating budget update. 3.2 Municipal staff are currently reviewing the applications received for the 2024 Community Funding Program, and at this time it is not certain if there will remain unallocated funds from the approved 2024 budget. If Council approves any of the Orono Town Hall Board's funding request, the unallocated grant funds will be used to support this initiative. If there are insufficient funds from the Community Funding Program, Staff will look at existing budgets first, and then appropriate reserves to fund any shortfall. 4. Strategic Plan This report aligns with the Clarington's 2024-2027 Strategic Plan's Mission: A connected, dynamic and welcoming community, focused on the future while respecting our past. 5. Concurrence This report has been reviewed by the Deputy CAO, Finance and Technology/Treasurer who concurs with the recommendations. 6. Conclusion It is respectfully recommended that Council consider the request from the Orono Town Hall Board seeking funds to support their planned celebrations of the Town Hall 125 years in operation. Staff Contact: George Acorn, Director Community Services, 905 623-3379 ext. 2502. Page 350 Municipality of Clarington Report PUB-009-24 Attachments: Attachment 1 — Original Funding Request Attachment 2 — Revised Funding Request (received March 5/24) Interested Parties: The following interested parties will be notified of Council's decision: Brad Smith, Chair Orono Town Hall Board 5315 Main St, Orono LOB 1 MO Page 4 Page 351 Councillor Willie Woo Orono Town Hall Estoblished 1898 Regional Councillor Municipality of Clarington 40 Temperance Street, Bowmanville. Dear Councillor The Orono Town Hall will be celebrating their 125 anniversary this year. As you know the original hall was opened in 1898 but a fire destroyed the hall and it was decided to rebuild. The Hall officially opened on March 1, 1899. The Nall has been a very important part of the community hosting many events including weddings, art shows, concerts, movie nights, Santa breakfast, spaghetti dinners, and of course a few movies along the way. We are excited about our 125"' anniversary and will be celebrating several events throughout this year Our first event will be our second International Women's Day as we salute the Women in Agriculture. This is the only event in Clarington that recognizes Women in the Municipality. Last year's event was standing room only as we recognized the "Women on Main". Our second event will be the Saturday April 6 our anniversary dinner. Our guest speaker with be historian Myno Van Dyke on the history of Orono. Our third event will be our annual July 1 celebrations at the Orono Library gazebo. And finally, movie nights in October and December. We are asking Council consideration in helping us with these events with a sponsorship. Women's International Day March 8 $ 4,000.00 125 Anniversary Dinner $ 5,000.00 Community Movie Nights $ 3,000.00 July 15` Celebrations $ 1,000.00 Total $ 13,000.00 Your support is appreciated as we celebrate Orono Town Hall , the heart of Orono and its presence in our beautiful Village. Page 352 Our anniversary dinner to celebrate 125 of history in our Village will take place Saturday April 6 at 6 p.m. It would be an honour to host and welcome our Ontario Lieutenant Governor Edith Dumont to our anniversary dinner. Brad Smith Chair, Orono Town Hall Board 5315 Main Street, Orono, Ontario bsmith@hubbell.ca Page 353 Attachment 2 to Report PUB-009-24 Yam' J ,j Orono Town Fall Lw,bh.,h,d 1848 Mr. George Acorn Director of Community Services 40 Temperance Street, Bowmanville, Ontario Dear George Further to our conversation on February 21, 2024 regarding Orono Town Hall request for funding for activities celebrating their 1251h anniversary, I provide the following information. Women's International Day Friday March 8, 2024 This event was part of our original 1251h celebrations that started in 2023 and was going to kick off our anniversary. The event was held and we recognized the Women on Main Street, Orono. It was well attended and a huge success as Orono Town Hall was the only venue to recognize women as part of International Women's Day. This year event will feature Women in Agriculture from across Clarington. Our expenses to stage this free event include: Refreshments $ 500.00 Flowers $ 500.00 Orono Times Photo $ 250.00 Orono Times Ads $ 300.00 Staples printing $ 150.00 Frames and Sleeves $ 100.00 Display Frames $ 75.00 Table toppers $ 130.00 Napkins/Decorations $ 175.00 Gifts to recipients $ 70.00 Cleaning $ 50.00 Tablecloths $ 100.00 IWD Banners $ 350.00 Page 354 Attachment 2 to Report PUB-009-24 Sound and Screen $ 400.00 Misc. $ 100.00 Total $ 3,350.00 2. 125 Anniversary Dinner Saturday April 6, 2024 Our anniversary dinner will take place on Saturday April 6, 2024. The Hall was officially opened again on March 1, 1899 after the fire that destroyed the first hall that was opened in 1898. This is the major event to the historic celebrations and the budget. Expenditures Dinner $ 6,200.00 Tablecloths $ 260.00 Centerpieces $ 120.00 Guest speaker dinner, gift $ 200.00 Special Guest dinner, gift $ 300.00 Flowers $ 130.00 1251h souvenir $ 750.00 Entertainment $ 600.00 Displays on Lower Level $ 200.00 Tickets printing $ 100.00 Round table rentals $ 400.00 Poster and newspaper ad $ 200.00 Orono Concert Band $ 1,000.00 Tota 1 $ 10,460.00 Receipts 82 dinners at $ 75.00 $ 6,150.00 Donations $ 500.00 Page 355 Attachment 2 to Report PUB-009-24 Total $ 6,650.00 I would like to request if the Municipality supply, deliver, pickup with round tables from one of their buildings which would reduce our budget request by $ 400.00. The Orono Concert band, a unique band with century old instruments was scheduled to be part of the evening activities, but due to the possibility of the attendance of a state official, we had to move it to another date later in the spring. Finally, we are unaware of any requirements regarding the attendance of the state official. We may be subject to expenses that we did not anticipate. A budget of $ 1,000 is being requested at this time. We expect that we will receive confirmation of the visit within the next few weeks. would like to add that we are working with the Newcastle and District Historical Society and the Clarington Museums as part of the dinner event. Myno Van Dyke, President of Newcastle Historical Society will be our guest speaker on the history of Orono. The two other activities that were included in our request, community movie nights and the annual July 1 celebration on the Wednesday preceding July1, are part of the regular ongoing programming offered by the Board of Directors and are excluded from our initial request of financial assistance. On behalf of the Orono Town Hall Board, thank you for your consideration in helping us celebrate the 125 years of the Orono Town Hall. Brad Smith Orono Town Hall Board Chair Page 356 Clarftwn Staff Report If this information is required in an alternate accessible format, please contact the Accessibility Coordinator at 905-623-3379 ext. 2131. Report To: General Government Committee Date of Meeting: April 8, 2024 Report Number: PUB-008-24 Submitted By: Lee -Ann Reck, Deputy CAO, Public Services Reviewed By: Mary -Anne Dempster, CAO Resolution#: Authored by: Dave Speed, Fire Chief File Number: By-law Number: Report Subject: Hopes Cradle Referral Recommendations: 1. That Report PUB-008-24, and any related delegations or communication items, be received; 2. That Council provide a letter of support to Gems for Gems for their pursuit at the provincial level for the operation of the installed Hope's Cradle safe surrender site at Fire Station 1 in Bowmanville, and that the site continue to be non -operational until such time as provincial direction is provided to support its operation; and 3. That all interested parties listed in Report PUB-008-24, and any delegations be advised of Council's decision. Page 357 Municipality of Clarington Report PUB-008-24 Report Overview Page 2 Following a motion from Council at their March 25th Council meeting, staff have reached out to Gems for Gems to offer to facilitate further discussions between Hopes Cradle stakeholders regarding the opening of the infant safe surrender site at Fire Station 1 in Bowmanville. Gems for Gems will be pursuing discussions at a provincial level, specifically with the Ontario Ministry of Children, Community and Social Services, Adoptions Ontario, and the Ontario Children's Aid Society. It is recommended by staff that Clarington Council provide a letter of support to Gems for Gems for the operation of the installed Hopes Cradle safe surrender site at Fire Station 1 in Bowmanville and that the site continue to be non- operational until provincial direction is provided to support its operation. 1. Background Council Direction 1.1 At the March 4t" General Government Committee meeting, Council was presented with a staff report, including recommendations regarding the opening of the installed safe surrender site at Fire Station 1 in Bowmanville. https://weblink.clarington. net/weblink/0/edoc/425167/PUB-003-24.pdf 1.2 At the March 25t", 2024 meeting of Council staff were directed to facilitate discussions between Gems for Gems and Hopes Cradle stakeholders about the opening of the installed Hopes Cradle infant safe surrender site, and to report back to Council at the April 8t" General Government Committee meeting. 2. Discussion Legal Considerations 2.1 Government responsibility for child welfare and child protection falls within the mandate of the Ontario Ministry of Children, Community and Social Services. Children's aid societies provide child protection services and are governed by the Child, Youth and Family Services Act, 2017. 2.2 While the Municipality is authorized to pass by-laws for the health, safety and well- being of persons, child welfare and child protection is a more specialized field of activity that falls outside core municipal purposes. 2.3 Any decision of the Municipality is without effect to the extent of any conflict with Provincial legislation. Page 358 Municipality of Clarington Report PUB-008-24 Page 3 2.4 The Durham Children's Aid Society has raised several objections to the Hope's Cradle proposal that raise serious issues about whether its operation would conflict with Provincial policy objectives. 2.5 To proceed with an undertaking that is not supported by the governmental agency responsible for the core service, is generally an ill-advised decision. The situation would be much more favourable if the Ministry of Children, Community and Social Services and the local children's aid societies were expressly supportive of this initiative. Discussion with Hopes Cradle Stakeholders 2.6 In consideration of Legal comments, and following discussion between staff and Gems for Gems, there was agreement that further talks should take place, but at a provincial level rather than local level. 2.7 Pursuing talks at a provincial level is consistent with comments received from Durham Children's Aid Society in their letter dated January 17, 2024, attached to report PUB- 003-24, which states, "To permit infant relinquishment in a manner that addresses these policy considerations, we recommend that you and Hope's Cradle partner with Adoptions Ontario and the Ontario Association of Children's Aid Societies. This will permit the development of a process that addresses these policy considerations. At that point, we would be pleased to revisit entering into a Memorandum of Understanding with you." 2.8 Staff's recommendations about the opening of the installed Hopes Cradle infant safe surrender site remain unchanged from report PUB-003-24, with the addition of a recommendation for the inclusion of a letter from Clarington Council in support of Gems for Gems efforts with the Province for the site's operation. 3. Financial Considerations Not Applicable. 4. Strategic Plan Not applicable. 5. Concurrence This report has been reviewed by the Deputy CAO/Solicitor who concurs with the recommendations. Page 359 Municipality of Clarington Report PUB-008-24 6. Conclusion Page 4 It is respectfully recommended by staff that Clarington Council provide a letter of support to Gems for Gems for their pursuit at the provincial level for the operation of the installed Hopes Cradle safe surrender site at Fire Station #1 in Bowmanville, and that the site continues to be non -operational until the provincial direction is provided to support its operation. Staff Contact: Dave Speed, Fire Chief and Director of Emergency and Fire Services, dspeed@clarington.net Attachments: Attachment 1 — Council letter of support Interested Parties: The following interested parties will be notified of Council's decision: Gems for Gems Durham Children's Aid Society Page 360 Clarftwn Ms. Jordan Guildford Founder Gems for Gems PO Box 11001 Seton PO Calgary, AB T3M 1 Y6 Dear Ms. Guildford: Attachment 1 to Report PUB-008-24 Clarington Council supports the efforts of Gems for Gems to pursue discussions with the Ontario Ministry of Children, Community and Social Services, the Ontario Children's Aid Society and Adoptions Ontario to enable the operation of the Hope's Cradle infant safe surrender site installed at Fire Station #1 in Bowmanville. Clarington recognizes that sometimes a parent may be unsafe or too ashamed to go through the usual process of putting their child up for adoption. The Hope's Cradle site would provide a safe option for vulnerable or at -risk parents or guardians who feel they have no choice but to abandon their infant. The responsibility for child welfare and child protection falls under the mandate of the Province of Ontario and is outside municipal jurisdiction. As any decision by the Municipality of Clarington regarding the operation of the Hope's Cradle site would need to conform with provincial legislation, the site will remain non -operational until the Province provides clear direction. Clarington encourages the Province to come to the table with Gems for Gems to facilitate discussion on this matter as you work to expand operations into Ontario. The Corporation of the Municipality of Clarington, 40 Temperance Street, Bowmanville, ON L1 C 3A6 1-800-563-1195 1 Local:905-623-3379 1 info@clarington.net I www.clarington.net Page 361 MUNICIPALITY OF CLARINGTON GENERAL GOVERNMENT COMMITTEES MEETING RESOLUTION # DATE: April 8, 2024 MOVED BY Councillor Rang SECONDED BY Councillor Whereas the homelessness crisis is taking a devastating toll on families and communities, undermining a healthy and prosperous Ontario, and that Council accepts that the responsibility to address these challenges rests with community stakeholders, partners, and residents as well as regional, federal, and provincial governments and agencies; and Whereas the Municipality of Clarington recognizes the challenges of mental health, addictions, and homelessness, which are complex issues that have a significant and detrimental impact on the residents of the Municipality of Clarington and surrounding areas within Ontario; and Whereas addressing and responding to these issues has placed extreme stress on all levels of regional, municipal, and non -municipal programs and services, including various not -for -profit organizations and provincially funded health services within the Municipality of Clarington and surrounding areas; Now Therefore Be It Resolved That the Municipality of Clarington acknowledge that homelessness in Ontario is a social, economic and health crisis, including people with substance use disorders; That the Municipality of Clarington commits to ending homelessness in the community in collaboration with the Region, and both the Provincial and Federal governments; and That the Municipality of Clarington call on the Region, the Province, and Federal governments to increase action and supports on the following: • Commit to ending homelessness in Ontario; • Work with the Association of Municipalities of Ontario (AMO) and a broad range of community, health, and economic partners to develop, resource, and implement an action plan to achieve this goal; • Provide a long-term financial commitment to assist in the creation of more affordable and supportive housing for people in need, in Durham Region, including people with substance use disorders; and Page 362 • Increase investments in evidence informed substance use prevention and mental health promotion initiatives that provide foundational support for the health, safety and well-being of individuals, families, and neighbourhoods, beginning from early childhood; and That a copy of this motion be sent to the Premier of Ontario; the Minister of Municipal Affairs and Housing; the Minister of Children, Community and Social Services; the Minister of Health; the Minister of the Solicitor General; the Minister of Finance; the Chief Medical Officer of Health; local MPs and MPPs; and the Association of Municipalities of Ontario. 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