Motions and Votes on Monetization of City Assets

Here are the motions and votes on EX45.40, headed "Potential Monetization of City Assets"

1 - Motion to Amend Item (Additional) moved by Councillor David Shiner (Lost)
That City Council request the City Manager to meet with the CEO and President of Enwave, Toronto Hydro, and representatives of BPC Penco to review the City Manager's report (June 2, 2010) and request the City Manager to report further to the Executive Committee and City Council early in 2011 on the outcome of these discussions.

7/6/2010 8:19:50 PM “EX45.40 - Shiner - Motion 2” 8 yea+27 nay,failed,quorum
YES Di Giorgio YES Feldman YES Holyday YES Jenkins YES Pantalone YES Parker YES Shiner YES Stintz

NO Ainslie NO Ashton NO Augimeri NO Bussin [Chair] NO Carroll NO Cho NO Davis NO De Baeremaeker NO Filion NO Fletcher NO Ford NO Giambrone NO Hall NO Heaps NO Kelly NO Lee NO Lindsay Luby NO McConnell NO Mihevc NO Milczyn NO Moeser NO Moscoe NO Nunziata NO Palacio NO Perks NO Thompson NO Vaughan

1 - Motion to Amend Item moved by Councillor Karen Stintz (Lost)
That City Council delete the recommendation of the Executive Committee and adopt instead the following recommendation contained in the report (June 2, 2010) from the City Manager and Deputy City Manager and Chief Financial Officer:

1. City Council authorize the City Manager, and the Deputy City Manager and Chief Financial Officer, in consultation with the City Solicitor, to request the Province to amend the Electricity Act, 1998 or the regulations under that Act, to eliminate the City's obligation to pay any departure or transfer taxes applicable to the monetization of Toronto Hydro Corporation.

7/6/2010 8:18:54 PM “EX45.40 - Stintz Motion 1” 6 yea+29 nay,failed,quorum
YES Feldman YES Holyday YES Minnan-Wong YES Palacio YES Parker YES Stintz

NO Ainslie NO Ashton NO Augimeri NO Bussin [Chair] NO Carroll NO Cho NO Davis NO Di Giorgio NO Filion NO Fletcher NO Ford NO Giambrone NO Hall NO Heaps NO Jenkins NO Kelly NO Lee NO Lindsay Luby NO McConnell NO Mihevc NO Milczyn NO Moeser NO Moscoe NO Nunziata NO Pantalone NO Perks NO Shiner NO Thompson NO Vaughan

Motion to Adopt the Recommendation Contained in the Item

1. Toronto City Council unequivocally indicate that, as Toronto Hydro is a necessary instrument to achieve Toronto’s environmental, economic development and financial objectives, it is not in the public interest to sell all or any part of it.

7/6/2010 8:21:36 PM “EX45.40 - Adopt the item” 30 yea+6 nay,2/3 maj,quorum
YES Ainslie YES Ashton YES Augimeri YES Bussin [Chair] YES Carroll YES Cho YES Davis YES De Baeremaeker YES Di Giorgio YES Filion YES Fletcher YES Ford YES Giambrone YES Hall YES Heaps YES Jenkins YES Kelly YES Lee YES Lindsay Luby YES McConnell YES Mihevc YES Milczyn YES Moeser YES Moscoe YES Nunziata YES Palacio YES Pantalone YES Perks YES Thompson YES Vaughan

NO Feldman NO Holyday NO Minnan-Wong NO Parker NO Shiner NO Stintz