These highlights are a synopsis of the June 5, 2017 Regular Council Meeting. The agenda, full meeting minutes, and webcast of the Council Meeting can be found online at www.mission.ca/municipal-hall/mayor-council.
2016 Climate Action Revenue Incentive Program (CARIP)
The Province provides CARIP funding to local governments that is equal to the amount of carbon tax they paid in the preceding year. This year the District expects to receive a refund of $58,053. Approximately $45,000 of this is budgeted to be spent on environmental projects such as greenhouse gas emission reduction plans and energy audits of various municipal buildings, habitat restoration, invasive plant removal and tree planting projects. Any surplus will be deposited in the appropriate reserve account.
Investment Holdings Quarterly Report
The District’s total cash and portfolio investment balance as at March 31, 2017 is $79,455,824. Excluding general bank interest earnings, the investment portfolio has yielded an average annualized return of approximately 2.14% for the three months ending March 31, 2017. All investment decisions are made in compliance with Section 183 of the Community Charter, and to ensure that the primary objective is the preservation of capital as per the District’s investment policy.
Forestry Operations 2017 1st Quarter Report
The forestry financial results are reporting a first quarter 2017 net profit of $242,840 (after fee/fund transfers) compared to the forecasted first quarter profit of $388,750. The results for the quarter were negatively impacted by a longer than normal winter resulting in the delayed startup of log harvesting due to snow for both the timber sale and the logging contractor. The closing forestry reserve balance as of March 31, 2017 is $2,851,128. The forestry final budget for 2017 projects a net profit of $302,669 for the year end.
Engagement Strategy for the Parks, Recreation, Arts and Culture Master Plan and Fraser River Heritage Park Master Plan
The District has embarked on master planning projects to develop a Parks, Recreation, Arts and Culture Master Plan and a master plan for Fraser River Heritage Park. One of the first stages of the projects is a public engagement plan. The plan outlines engagement strategies to work closely with a wide range of stakeholders in Mission and to allow residents to provide input in a variety of ways. By incorporating public engagement findings into the master plans, Mission residents and stakeholders will have a say in the final product and the development of their recreation and cultural resources.
Facilities Master Plan
The District is embarking on a Facilities Master Plan to establish a strategy for facility replacement and expansion. The Facilities Master Plan will inform many other planning and budgeting tasks going forward. Some of the key objectives of the master plan include:
- Identifying priority facility projects for the next 1-3 years;
- Providing high-level guidance for all facility planning decisions for the next 10 years;
- Projecting future requirements for the next 25 to 50 years, depending on facility type; and
- Setting the foundation for more detailed analysis in a later stage of work.
Next Regular Council Meeting is
Monday, June 19, 2017
Committee of the Whole – 1:00 pm
Regular Council – 7:00 pm
Council Chambers, Municipal Hall
8645 Stave Lake Street, Mission, BC