Council overview package for September 21, 2020

full bike rack

Aerial view of downtown

City Council will consider following items at its General Committee on Monday, September 21, 2020 starting at 6 p.m. in the Council Chambers at City Hall, 500 George St. N.:

The items from the General Committee meeting will go to Council's regular Council meeting on Monday, September 28, 2020 for consideration for final approval.

City Council agenda

In addition to the open session of General Committee that starts at 6 p.m. on Monday, September 21, 2020, Council is holding a session starting at 5 p.m. that is closed to the public as permitted under the provincial Municipal Act to consider two items including a proposed or pending acquisition or disposition of land by the municipality and an item about litigation or potential litigation affecting the municipality.

Council is meeting in person in the Council Chambers at City Hall, 500 George St. N. Residents can watch or listen to the livestream of the meetings at Registration is required to attend a Council meeting in person during the COVID-19 pandemic due to limited seating with changes for physical distancing.

Watch Council

Update on reports requested by Council

City staff are providing an update to Council on reports that Council has requested during previous meetings.

Examples of subjects for requested reports include:

  • Creating a terms of reference for an advisory committee for the Peterborough airport
  • Installing water refilling stations in City facilities
  • Information on zero-based budgeting processes
  • An update on the City's naming policy to reflect diversity in the community
  • A review of the Emergency Management Bylaw

Mayor and Warden's COVID-19 Economic Recovery Task Force

Industrial park

Council will consider recommended responses to recommendations from the Mayor and Warden's COVID-19 Economic Recovery Task Force on subjects such as regulations for short-term rentals and discussions about streamlining development approvals processes.

The City had completed a number a number of actions that were recommended by the Task Force, including:

  • working with Farmers' Markets to establish additional space for physical distancing
  • providing summer cams and working with daycare operators on the availability of child care services
  • Preparing a plan to support patio space for businesses, in consultation with the Downtown Business Improvement Area
  • Holding virtual meetings to allow planning applications to proceed during the pandemic
  • Working with businesses to support curbside pickup

Update on the proceeds from the sale of PDI

Council will consider a report for information with an update on the proceeds received to date from the sale of the assets of Peterborough Distribution Inc. to Hydro One.

The negotiated sale price of the assets of Peterborough Distribution Inc. (PDI) to Hydro One was $105 million before debt associated with PDI and other liabilities are paid. The net sale proceeds received by the City to date is about $59.7 million.

The funds received to date have been temporarily placed in a high-interest savings account with the ONE Fund. The funds are fully liquid and will be invested as per Council direction pending the outcome of the ongoing discussions with the Investing Options Review Working Group.

City of Peterborough Holdings Inc. annual report

City of Peterborough Holdings Inc. has submitted its 2019 Annual Report, including the company's consolidated financial statements for 2019, to Council for its information.

Council will also consider appointments to the City of Peterborough Holdings Inc. (COPHI) board of directors and appointing Baker Tilly KDN LLP as the auditors for COPHI.

COPHI operated electricity and water distribution systems in the City of Peterborough, Norwood and Lakefield in 2019. The company also develops and operates renewable hydro and solar generation facilities and operates a wholesale metering business. The company and its related entities operate as the Peterborough Utilities Group.

"The fiscal 2019 financial results reflect an exceptionally strong year, with net income for the year at $8 million and Earnings Before Interest Taxes and Depreciation/Amortization (EBITDA) at its highest level in the Company’s history, at $31.1 million," COPHI states in its annual report. "This strong performance was driven by the expansion of our solar generation capacity and very favourable conditions experienced for our generation production fleet. Over the last three years, the average net income and EBITDA have been $7 million and $29.6 million respectively, reflecting the continuing strength and quality of the Company’s generation portfolio."

2021 Snofest festival planning

Snofest mascot posing next to a sign for Snofest

Council will consider approving changes to the Snofest event for 2021 to replace in-person events with virtual/online activities due to the COVID-19 pandemic.

Snofest is an annual community event that has been in existence since the 1970s. It is directly operated by the City and consists of multiple activities taking place over several days in the month of January. The Organizing Committee begins the planning process in late September for the following year’s event.

The Provincial orders currently in place for Stage 3 of the Province’s reopening of the economy during COVID-19 would prevent the usual in-person Snofest activities from occurring.

It is unknown how long the Provincial Stage 3 restrictions will be in place. However, the Organizing Committee recognizes the value of Snofest to the community and would like to provide alternative Snofest activities, in keeping with the Provincial orders.