Administration and Finance

That the Administration and Finance Committee reconvene into open session. In Favor (14) B. Vrbanovic, J. Erb, J. Nowak, M. Harris, S. Shantz, S. Foxton, D. McCabe, J. Liggett, D. Craig, P. Wolf, C. James, N. Salonen, C. Huinink, and M. Rodrigues

That the Consent Agenda items be received for information and approved. In Favor (14) B. Vrbanovic, J. Erb, J. Nowak, M. Harris, S. Shantz, S. Foxton, D. McCabe, J. Liggett, D. Craig, P. Wolf, C. James, N. Salonen, C. Huinink, and M. Rodrigues

That the Regional Municipality of Waterloo take the following action with respect to 2025 property tax policies and rates as set out in Report COR-CFN-25-005 dated April 8, 2025: Establish the following property class tax ratios for the 2025 property tax year: Residential and New Multi-residential 1.000000 Multi-residential, Commercial and Industrial 1.950000 Aggregate Extraction 1.586727 Landfill 1.540000 Pipeline 1.161300 Farmland and Managed Forest 0.250000 Direct staff to prepare the necessary by-laws to establish the 2025 property class tax ratios and the resulting 2025 Regional property tax rates for Regional Council’s consideration on April 23, 2025; and Notify the Area Municipalities within Waterloo Region accordingly.

That the Regional Municipality of Waterloo take the following action with respect to the 2024 Plan Update and Year End Financial Results as set out in report COR-CFN-25-007 dated April 8, 2025: Receive the 2024 Plan Update that shows implementation and progress toward achieving the vision set out by Council in the Growing with Care Strategic Plan 2023-2027; Approve the preliminary 2024 financial results for the purposes of preparing the Region’s 2024 Audited Financial Statements; and Apply the Surplus Allocation Policy to 2024 financial results. In Favor (14) B. Vrbanovic, J. Erb, J. Nowak, M. Harris, S. Shantz, S. Foxton, D. McCabe, J. Liggett, D. Craig, P. Wolf, C. James, N. Salonen, C. Huinink, and M. Rodrigues

The Fashion History Museum is ceasing operation in the City of Cambridge, And whereas its closure is a significant loss to the cultural fabric of the Regional community, And whereas the museum carries an international reputation with a collection that ranges from ancient Egyptian cloth to important couture like Dior, Chanel and Balenciagas, And whereas the museum in collaboration with the Historic School of Dress in London England is designing historic costumes for the Globe Theatre in London, And whereas the museum is partnering with a fashion designer in Antwerp who is showcasing items from the fashion museum to be shown at the Paris Fashion Week, Therefore be it resolved that the appropriate regional staff be requested to report on options to help promote the collection by partnering with other museums in the region and or securing space in an appropriate regional building or commenting on the possibility of a new stand-alone structure to service the whole regional community. In Favor (8) B. Vrbanovic, J. Nowak, S. Shantz, S. Foxton, D. Craig, P. Wolf, K. Williams, and M. Rodrigues Opposed (7) J. Erb, M. Harris, D. McCabe, J. Liggett, C. James, N. Salonen, and C. Huinink

That the meeting adjourn at 2:50 p.m. In Favor (15) B. Vrbanovic, J. Erb, J. Nowak, M. Harris, S. Shantz, S. Foxton, D. McCabe, J. Liggett, D. Craig, P. Wolf, C. James, N. Salonen, C. Huinink, K. Williams, and M. Rodrigues

That the Administration and Finance Committee reconvene into open session. In Favor (14): D. Craig, J. Erb, S. Foxton, M. Harris, C. Huinink, C. James, J. Liggett, D. McCabe, J. Nowak, M. Rodrigues, N. Salonen, S. Shantz, B. Vrbanovic, and P. Wolf

That the Consent Agenda items be received for information and approved. In Favor (14): D. Craig, J. Erb, S. Foxton, M. Harris, C. Huinink, C. James, J. Liggett, D. McCabe, J. Nowak, M. Rodrigues, N. Salonen, S. Shantz, B. Vrbanovic, and P. Wolf

That the Regional Municipality of Waterloo take the following action with respect to 2025 property tax policies and rates as set out in Report COR-CFN-25-005 dated April 8, 2025: a. Establish the following property class tax ratios for the 2025 property tax year:Residential and New Multi-residential 1.000000Multi-residential, Commercial and Industrial 1.950000Aggregate Extraction 1.586727Landfill 1.540000Pipeline 1.161300Farmland and Managed Forest 0.250000 b. Direct staff to prepare the necessary by-laws to establish the 2025 property class tax ratios and the resulting 2025 Regional property tax rates for Regional Council’s consideration on April 23, 2025; and c. Notify the Area Municipalities within Waterloo Region accordingly.

That the Regional Municipality of Waterloo take the following action with respect to the 2024 Plan Update and Year End Financial Results as set out in report COR-CFN-25-007 dated April 8, 2025: a. Receive the 2024 Plan Update that shows implementation and progress toward achieving the vision set out by Council in the Growing with Care Strategic Plan 2023-2027; b. Approve the preliminary 2024 financial results for the purposes of preparing the Region’s 2024 Audited Financial Statements; and c. Apply the Surplus Allocation Policy to 2024 financial results. In Favor (14): D. Craig, J. Erb, S. Foxton, M. Harris, C. Huinink, C. James, J. Liggett, D. McCabe, J. Nowak, M. Rodrigues, N. Salonen, S. Shantz, B. Vrbanovic, and P. Wolf

Whereas The Fashion History Museum is ceasing operation in the City of Cambridge, And whereas its closure is a significant loss to the cultural fabric of the Regional community, And whereas the museum carries an international reputation with a collection that ranges from ancient Egyptian cloth to important couture like Dior, Chanel and Balenciagas, And whereas the museum in collaboration with the Historic School of Dress in London England is designing historic costumes for the Globe Theatre in London, And whereas the museum is partnering with a fashion designer in Antwerp who is showcasing items from the fashion museum to be shown at the Paris Fashion Week, Therefore be it resolved that the appropriate regional staff be requested to report on options to help promote the collection by partnering with other museums in the region and or securing space in an appropriate regional building or commenting on the possibility of a new stand-alone structure to service the whole regional community. In Favor (8): D. Craig, S. Foxton, J. Nowak, M. Rodrigues, S. Shantz, B. Vrbanovic, K. Williams, and P. Wolf Opposed (7): J. Erb, M. Harris, C. Huinink, C. James, J. Liggett, D. McCabe, and N. Salonen

That the meeting adjourn at 2:50 p.m. In Favor (15): D. Craig, J. Erb, S. Foxton, M. Harris, C. Huinink, C. James, J. Liggett, D. McCabe, J. Nowak, M. Rodrigues, N. Salonen, S. Shantz, B. Vrbanovic, K. Williams, and P. Wolf