That By-law 2021-048, a by-law to amend By-law 2019-071, a by-law to establish and regulate the Oakville Fire Department and to repeal By-law 2011-119, be passed.

1.

That the Preliminary 2020 Financial Results and COVID-19 Financial Impact report be received, and

2.

That revenues from supplementary taxes and payment-in-lieu of taxes in excess of budget be transferred to the tax stabilization reserve.

1.

That the Town proceed with the sale of Parts 2 and 3 on Plan 20R-21644 identified as Block 7 on the master plan for the former public works site at 2274 Trafalgar Road to 2486489 Ontario Inc. on the terms set out in Confidential Appendix C to this report.

2.

That the Town Solicitor be authorized to execute all documents required to complete this transaction.

3.

That the Oakville Municipal Development Corporation be paid a management fee of $25,000 for its work on marketing and securing a buyer for Block 7 upon successful completion of the transaction.

4.

That the Town transfer $500,000 to the Oakville Municipal Development Corporation for costs incurred and to be incurred in the coming months.

1.

That the confidential resolution contained in the confidential correspondence to the Commissioner of Corporate Services and distributed to the Mayor, Members of Council and CAO only, dated February 16, 2021, from Sean McCaughan, Chief Strategy and Growth Officer, attached as Confidential Appendix A, be approved.

2.

That the Mayor, as Shareholder Representative pursuant to the Shareholder Declaration, be authorized to sign the resolution for and on behalf of the Town in its capacity as the sole shareholder.