April 3, 2018 – Council Meeting Highlights

2018-2022 Five Year Financial Plan Amendment

Council give first, second and third reading to “2018-2022 Five Year Financial Plan Amendment Bylaw No. 2018-19”. Section 165 of the Community Charter provides that a municipality may amend the Five Year Financial Plan at any time to reflect changes that occur during the year.

On January 9, 2018, Council adopted “2018-2022 Five Year Financial Plan Bylaw No. 2017-79”. Since then, emerging priorities have given rise to a few necessary budget amendments affecting reserve and surplus accounts.

Land Swap/Purchase – 298 Van Horne Street

Council approved the land swap/ purchase authorizing the closure of a 25 square meter piece of boulevard on Van Horne Street and a swap of property located at 298 Van Horne Street.

Proceeding with the land Swap/ Purchase as outlined in the April 3, 2018 Council Report will allow the next phase of the Penticton Creek Restoration to occur and allow the City to access $250,000 in grant funding.

These highlights are intended to provide a brief summary of recent Council proceedings. The summary is not inclusive of all agenda items. For a detailed account of the full agenda, including staff reports, other supporting documents and official meeting minutes, please consult the City’s website (www.penticton.ca/council) or call the City’s Corporate Administration Department at 250-490-2400.