Infrastructure and Corporate Services Committee

That Consent Items 2.1 to 2.7 BE APPROVED with the exception of item 2.5.

That, on the recommendation of the Deputy City Manager, Finance Supports, the City of London’s Credit Rating Report, providing a summary of Moody’s Investors Service Credit Opinion of the City of London, BE RECEIVED for information.

That, on the recommendation of the Deputy City Manager, Finance Supports, the proposed by-law, as appended to the staff report dated October 6, 2025 as Appendix "A", BE INTRODUCED at the Municipal Council meeting to be held on October 14, 2025 to execute the borrowing upon serial debentures in the aggregate principal amount of $21,671,000 towards the cost of certain capital works of the Corporation of the City of London, it being noted that the City’s debenture issuance has been placed with investors and priced within the capital markets at an average all-in rate of 4.33% over a 20-year term.

That, on the recommendation of the Deputy City Manager, Finance Supports, the following actions be taken with respect to the 2025 Mid-Year Operating Budget Monitoring Report: a) the 2025 Operating Budget Mid-Year Monitoring Report for the Property Tax Supported Budget, Water Budget, and Wastewater and Treatment Budget BE RECEIVED for information. An overview of the corporate projections are outlined below, noting actual results could fluctuate based on factors beyond the control of the Civic Administration: i) Property Tax Supported Budget projected surplus of $23.6 million; ii) Water Rate Supported Budget projected surplus of $2.3 million; iii) Wastewater and Treatment Rate Supported Budget projected surplus of $4.3 million; it being noted that the Property Tax, Water, and Wastewater & Treatment Budget surplus will be allocated in accordance with the Council-approved Surplus/Deficit Policy; b) on the recommendation of the Deputy City Manager, Finance Supports, the proposed by-law, as appended to the staff report dated October 6, 2025 as Appendix “C”, BE INTRODUCED at the Municipal Council meeting to be held on October 14, 2025, to amend By-law No. CPOL.-43-239, as amended, to implement a new Council Policy entitled “Treatment of Operating Surpluses/Deficits – Local Agencies, Boards and Commissions”.

That, on the recommendation of the Deputy City Manager, Finance Supports, the following actions be taken with respect to the 2025 Mid-Year Capital Budget Monitoring Report: a) the 2025 Mid-Year Capital Budget Monitoring Report BE RECEIVED for information, it being noted that the life-to-date capital budget represents $4.6 billion with $2.4 billion committed and $2.2 billion uncommitted; b) the status updates of active 2022 life-to-date capital budgets (2022 and prior) having no future budget requests, as appended to the staff report dated October 6, 2025 as Appendix “B”, BE RECEIVED for information; c) the following actions be taken with respect to the completed capital projects identified in Appendix “C”, and the budget adjustments identified in Appendix “D”, as appended to the staff report: i) the capital projects included in Appendix “C”, with net surplus funding of $5.9 million, BE CLOSED; ii) the capital funding identified in Appendix “D”, Table 1, Table 2, and Table 3 with net surplus funding of $25.5 million, BE RELEASED; iii) the following actions be taken with respect to the funding associated with i) and ii), above: Rate Supported A) pay-as-you-go funding of $2.9 million BE TRANSFERRED to capital receipts; B) authorized but unissued debt financing of $1.9 million BE RELEASED from the capital budget; C) uncommitted reserve fund drawdowns of $679 thousand BE RELEASED back into the reserve funds which originally funded the projects; Non-Rate Supported D) uncommitted re

That, on the recommendation of the Deputy City Manager, Environment and Infrastructure, the following actions be taken with respect to the award of consulting services for the completion of the Preliminary and Detailed Design, and Contract Administration of the Hyde Park Sewage Pumping Station Capacity Upgrade: a) Dillon Consulting Limited BE APPOINTED Design Consulting Engineers in the amount of $547,317.00, including contingency, excluding HST, in accordance with Section 15.1 (c) of the City of London’s Procurement of Goods and Services Policy; b) the financing for the project BE APPROVED in accordance with the “Sources of Financing Report” as appended to the staff report dated October 6, 2025 as Appendix ‘A’; c) the Civic Administration BE AUTHORIZED to undertake all the administrative acts that are necessary in connection with this project; d) the approvals given herein BE CONDITIONAL upon the Corporation entering into a formal contract; and e) the Mayor and the City Clerk BE AUTHORIZED to execute any contract or other documents, if required, to give effect to these recommendations.

That, on the recommendation of the Deputy City Manager, Housing and Community Growth, the following actions be taken with respect to IESO RFP Municipal Support Confirmation requirements for solar panel projects within the City of London: a) the Municipal Resolution in Support of Proposal Submission, as appended to the staff report dated October 6, 2025 as Appendix “A”, BE APPROVED to provide Municipal Support Confirmation of the rooftop solar projects proposed at 2440 Scanlan Street and 580 Industrial Road; b) the Mayor and the City Clerk BE AUTHORIZED to execute an addendum to the Pre-Engagement Confirmation Notice in the form as appended to the staff report dated October 6, 2025 as Appendix “B” acknowledging the City’s support of the Proposal as described in the Pre- Engagement Confirmation Notice and acknowledging that the Pre- Engagement Confirmation Notice was received by the City less than sixty (60) days prior to the Proposal Submission Deadline; c) the Civic Administration BE DIRECTED to explore the opportunity for providing a Blanket Municipal Support Resolution to address future IESO Requests for Proposal Submissions, develop a procedure to identify a Local Body Administrator for the purposes of pre-engagement, and establish an engagement plan; and d) this report BE RECEIVED for information.

That parts a), b), c), and e) of the motion BE APPROVED.

That part d) of the motion BE APPROVED.

That the Infrastructure and Corporate Services Committee convenes In Closed session to consider the following: 6.1 Solicitor-Client Privileged Advice / Confidential Trade Secret or Scientific, Technical, Commercial, Financial or Labour Relations Information, Supplied to the City / Position, Plan, Procedure, Criteria or Instruction to be Applied to Any Negotiations A matter pertaining to advice that is subject to solicitor-client privilege; including communications necessary for that purpose, and for the purpose of providing instructions and directions to officers and employees of the Corporation; a trade secret or scientific, technical, commercial, financial or labour relations information, supplied in confidence to the municipality or local board, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization; and a position, plan, procedure, criteria or instruction to be applied to any negotiations carried on or to be carried on by or on behalf of the municipality or local board. 6.2 Land Disposition / Solicitor-Client Privileged Advice / Commercial or Financial Information Belonging to the City / Position, Plan, Procedure, Criteria or Instruction to be Applied to Any Negotiations A matter pertaining to the disposition of land by the municipality, including communications necessary for that purpose; advice that is subjec

That the meeting BE ADJOURNED.