Item Information

Item #: Status:
Version: Sponsor:
Meeting Date:2018-Jun-13 2018-Jun-13 2 Ward:CITY WIDE
Meeting Type:City Council Video:No Video Available
Attachments:Document 1 - Board Report - OPLB-2018-0601 - Implementation Plan OPL LAC Joint Facility.docx    Document 2 - Extract Draft Minutes - OPLB - June 4 2018.docx    
Vote Records
Passed    Motion To: WHEREAS the City’s Affordable Housing Land and Funding Policy was updated in 2017, continuing the provision that 25% of the net proceeds from the disposal of surplus property be dedicated to affordable housing development and including institutional lands in the Policy; and WHEREAS there are still over 10,500 households on the City of Ottawa’s Centralized Waiting List for rent-geared-to-income affordable housing; and WHEREAS the report indicates that the net proceeds from the sale of Property A is expected to be received by the City in two installments, with the first installment estimated at $10 million being provided in 2018/2019; and WHEREAS 25% of the net proceeds from the first installment of both Property (A) 120 Metcalfe Street/191 Laurier Avenue West would provide up to $2.5 million in funding to support new affordable housing development in Ottawa under the City’s Affordable Housing Land and Funding Policy; and WHEREAS a contribution of 25% of the first installment of the net proceeds of the sale of Property (A) 120 Metcalfe Street/191 Laurier Avenue West would result in up to $2.5 million in funds for the Affordable Housing Reserve, and this would be beneficial to the program overall; and WHEREAS the elimination of the Vacancy Rebate program starting this year will provide $6.9 million in tax-supported funds for reallocation in 2019 (noting that the report identifies the $6.4 million estimated annual debt servicing costs will only be required starting in 2021); THEREFORE BE IT RESOLVED that Council direct staff to allocate $2.5 million of the tax room created by the cancellation of the Vacancy Rebate Program to the Affordable Housing program as part of the 2019 Budget process, once the sale of Property (A) 120 Metcalfe Street/191 Laurier Avenue West is finalized; and BE IT FURTHER RESOLVED that staff be directed to bring forward funding options for the remaining 25% allocation to the Affordable Housing Reserve for Council’s consideration at the time the second installment is received.
(Councillor / Conseiller) S. Moffatt  Yes
(Councillor / Conseiller) R. Chiarelli  Yes
(Councillor / Conseiller) E. El-Chantiry  Yes
(Councillor / Conseiller) D. Chernushenko  Yes
(Councillor / Conseiller) S. Blais  Yes
(Councillor / Conseiller) M. Fleury  Yes
(Councillor / Conseiller) M. Taylor  Yes
(Councillor / Conseiller) B. Monette  Yes
(Councillor / Conseillère) J. Harder  Yes
(Councillor / Conseiller) J. Cloutier  Yes
(Councillor / Conseiller) R. Brockington  Yes
(Councillor / Conseiller) G. Darouze  Yes
(Councillor / Conseillère) M. Wilkinson  Yes
(Councillor / Conseiller) S. Qadri  Yes
(Councillor / Conseiller) K. Egli  Yes
(Councillor / Conseillère) D. Deans  Yes
(Councillor / Conseiller) J. Mitic  Absent
(Councillor / Conseiller) T. Tierney  Yes
(Councillor / Conseiller) J. Leiper  Yes
(Councillor / Conseiller) A. Hubley  Yes
(Mayor / Maire) J. Watson  Yes
(Councillor / Conseillère) C. McKenney  Yes
(Councillor / Conseiller) T. Nussbaum  Yes
(Councillor / Conseiller) M. Qaqish  Yes