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Waterloo Regional Heritage Foundation
January 28, 2025
What was decided (3 motions)
3 carried, 0 recorded otherwise. Every motion below is printed as the minutes print it.
THAT the Waterloo Regional Heritage Foundation (“WRHF”) accept report WRHF-TRR-25-001 for information with respect to the purchase of its 2025 insurance portfolio at an annual premium of $2,629.00 plus applicable provincial sales tax of 8% ($210.32), totaling $2,839.32 from Intact Insurance (through Cowan Insurance Brokers Ltd.) under the terms and conditions outlined in report WRHF-TRR-25-001 dated January 28 th , 2025. Renewal from last year amounts is shown below: Year Before Tax Amount Tax Total % change (to nearest whole number) 2023 $2,106.00 $168.48 $2,274.48 n/a 2024 $2,507.00 $200.56 $2,707.56 19% 2025 $2,629.00 $210.32 $2,839.32 14%* * 2025 Policy period from Feb. 1 st , 2025 to Jan. 1 st , 2025 (elaborated on later in report). 14% is adjusted increase to account for 11 month policy vs. 12 month policy. Unadjusted increase was 5%.
Moved by D. Emberly, seconded by R. Shipley
Carried
That the minutes of Waterloo Regional Heritage Foundation from November 26, 2024 be approved.