ADDENDUM AGENDA
Wasaga Beach Special Council
Meeting

Monday, July 29, 2024 at 10:00 A.m. - 1:00 P.m.

Council Chambers

For information pertaining to this agenda or to arrange for any additional accessibility needs please contact the Clerk's Division at [email protected].

---

6.

DEPUTATIONS

6.1

Resident Sylvia Bray - Delegation Pertaining to Item 7.3 Sign By-law and AMPS By-law Amendment

7.

STAFF REPORTS

7.1

425 River Road West Facility Review and Highest and Best Use Proposal - 20240711-01

• Recommended Motion:
  1. THAT the report titled: 425 River Road West Facility - Highest and Best Use Proposal to Council be received; and
  2. THAT Council deem the 425 River Road West property surplus; and
  3. THAT Council direct the CAO to place the property for sale at the appropriate time as per discussions in the attached business case.

7.3

Beachfront Development - Town Capital Works - Financial Plan - 20240729-10

• Recommended Motion:
  1. THAT the report titled: Beachfront Development-Town Capital Works – Financial Plan, to the Special Council meeting of July 29, 2024, be received; and
  2. THAT Council approve the Financial recommendations outlined in this report to advance the Beachfront Development consisting of;
     1. Selling the property at 425 RRW promptly and allocating $5.5M of proceeds to the funding gap, to be invested in short-term GICs and drawn as required;
     2. Selling properties the Town has identified as surplus to address the remaining $9.2M funding gap, on a multi-year approach aligned with the cashflow needs.