2017/05/02 Minutes

Minutes of the Meeting of the CIRA Board of Directors held via teleconference Ottawa on May 2, 2017 at 12:00 p.m. ET

Directors attending: Alex Beraskow, Kerry Brown, Andrew Escobar, Michael Geist, Rowena Liang, Louise Macdonald, Helen McDonald, Susan Mehinagic, Marita Moll, Bill Sandiford, Rob Villeneuve, Faye West

Advisors: John Demco, Byron Holland

Corporate Secretary: Paul Havey

Guest: David Fowler

Regrets: Adam Scott

Recording Secretary: Lynn Gravel

1. Approval of Agenda

It was moved by B. Sandiford that the agenda for the meeting be adopted as presented.

2. Approval of the Draft Minutes of the February 28, 2017 Board of Directors' Meeting

Staff was requested to review item 7. Operational Plan and Budget 2017-2018 of the draft minutes to better capture and balance the Board discussion surrounding the price increase. The approval of the minutes was therefore deferred to the June Board meeting.

3. Community Investment Program Applications

The Chair of the Community Investment Committee reported that the Committee had reviewed a total of 170 applications and was recommending to the Board the funding of 24 initiatives. Four (4) of the twenty-four projects were selected with specific conditions to meet and two (2) additional projects were conditionally selected should any of the four conditional projects not accept the conditions.

A. Beraskow joined the meeting.

It was therefore resolved that the Board of Directors:

Approve the full disbursement of $1,000,000 and the the 24 submissions with the conditions as outlined.

(Moved: H. McDonald, seconded M. Geist, unanimously carried)

Approve honorariums for independent non-Directors of the Committee in the amount of $2K each in addition to their meeting fees and expense reimbursement.

(Moved: B. Sandiford, seconded: H. McDonald, unanimously carried)

On behalf of the Board, the Chair thanked the Chair and members of the Committee for their work.

4. Other Business

There was no other business to discuss.

5. Next Meeting

The next meeting of the Board will be held via teleconference on May 17, 2017.

6. In-Camera Session

The Board of Directors held an in camera session.

7. Adjournment

There being no further business the meeting was concluded at 1:30 p.m.