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Finance and
Performance Committee
21 March 2017
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1 Apologies
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Resolution number FIN/2017/13
MOVED by Chairperson R Clow,
seconded by Cr W Walker:
That the Finance and Performance Committee:
a)
accept the apologies from Cr C Casey,
Cr C Fletcher and IMSB Member T Hohneck for absence,
IMSB Chair D Taipari, IMSB Member G Wilcox, Cr P Hulse and Cr A Filipaina
for lateness and Cr L Cooper and Cr D Quax for early departure.
CARRIED
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Note: An
apology was subsequently received from Cr M Lee for lateness
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2 Declaration
of Interest
Mayor P Goff and Cr Sir J Walker declared
an interest in item 14 – Disposals Recommendation Report in particular Part of 770R Great South Road, Manukau.
Mayor P Goff
advised that he would remove himself from the room during item 6.1 - Local Board Input - Manurewa Local Board - Part of 770R Great South
Road, Manukau and item 14 – Disposals
Recommendation Report.
Cr J Watson entered the meeting at 9.36am.
3 Confirmation
of Minutes
4 Petitions
There were no
petitions.
5 Public Input
There was no
public input.
6 Local Board Input
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6.1
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Local Board Input - Manurewa Local Board - Part of 770R Great
South Road, Manukau
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Angela Dalton, Chair of Manurewa
Local Board spoke regarding item 14 - Disposals Recommendation Report in
particular Part of 770R Great South Road, Manukau.
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An extract of the minutes of the 16
March 2017 Manurewa Local Board meeting was tabled at the meeting. A copy
of the extract has been placed on the official minutes and is available on
the Auckland Council website as a minutes attachment.
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Mayor P Goff and Cr J Walker had declared
an interest in item 14 – Disposals Recommendation Report in particular Part of 770R Great South Road, Manukau. Mayor P Goff removed himself from the room during the presentation
and discussion on this item as it touched on that part of Item 14.
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Mayor P Goff
left the meeting at 9.40am.
Cr A Filipaina entered the meeting at
9.42am.
Cr P Hulse entered the meeting at 9.43am.
IMSB Chair D Taipari entered the
meeting at 9.45am.
IMSB
Member G Wilcox entered the meeting at 9.47am.
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Resolution number FIN/2017/15
MOVED
by Cr E Collins, seconded by Cr J Watson:
That the Finance and
Performance Committee:
a) receive
the presentation and thank Angela Dalton for her attendance.
CARRIED
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Attachments
a 21 March
2017 - Finance and Performance Committee - Item 6.1 - Local Board Input -
Manurewa Local Board - Part of 770R Great South Road, Manukau - Resolutions
from the 16 March 2017 Manurewa Local Board meeting
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6.2
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Local Board Input - Rodney Local Board - Disposal of 14 Baxter
Street, Warkworth
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Beth Houlbrooke, Chair of the Rodney
Local Board spoke regarding Item 14 - Disposals Recommendation Report,
especially the disposal of the land at 14 Baxter Street, Warkworth.
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Mayor P Goff
returned to the meeting at 9.58am.
Cr M Lee entered
the meeting at 10.13am.
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Resolution number FIN/2017/16
MOVED
by Cr G Sayers, seconded by IMSB Member G Wilcox:
That the Finance and
Performance Committee:
a) receive
the presentation and thank Beth Houlbrooke for her attendance.
CARRIED
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7 Extraordinary Business
There was no
extraordinary business.
8 Notices of Motion
There were no
notices of motion.
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9
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Local Government Funding Agency presentation
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Craig Stobo, Chairman and Mark
Butcher, Chief Executive of the Local Government Funding Agency were present
for this item.
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A PowerPoint presentation was provided at the meeting.
A copy of the presentation has been placed on the official minutes and is
available on the Auckland Council website as a minutes attachment.
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Cr A Filipaina
left the meeting at 10.29am.
Cr A Filipaina returned to the meeting
at 10.35am.
IMSB Chair D Taipari left the meeting
at 10.35am.
Cr D Newman left the meeting at 10.35am.
Cr G Sayers left the meeting at 10.37am.
IMSB Chair D Taipari returned to the meeting
at 10.41am.
Cr G
Sayers returned to the meeting at 10.49am.
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Resolution number FIN/2017/17
MOVED
by Deputy Chairperson D Simpson, seconded by Deputy Mayor B Cashmore:
That the Finance and
Performance Committee:
a) thank
Craig Stobo, Chairman and Mark Butcher, Chief Executive of the Local
Government Funding Agency for their presentation.
CARRIED
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Attachments
a 21 March
2017 - Finance and Performance Committee - Item 9 - Local Government Funding
Agency presentation - presentation
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10
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Presentations from the Auckland Regional Amenities Funding Board
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The following representatives
from Auckland Regional Amenities were present for the item:
1. Stardome
Observatory and Planetarium – David Houldsworth and Melissa Glew
2. New
Zealand Maritime Museum – Vincent Lipanovich
3. Auckland
Philharmonia Orchestra – Barbara Glaser and Geraint Martin
4. Auckland
Rescue Helicopter Trust – Greg Barrow and Leanda Hunt
5. Auckland
Arts Festival – John Judge, David Inns and Carla van
Zon
Presentations were given. Copies
of the documents have been placed on the official minutes and are available
on the Auckland Council website as minutes attachments.
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Cr D Newman
returned to the meeting at 10.52am.
Cr M Lee left the meeting at 11.28am.
IMSB Chair D Taipari left the meeting
at 11.32am.
Cr M Lee returned to the meeting at
11.40am.
Cr M Lee
left the meeting at 11.50am.
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The meeting adjourned at 11.52am and
reconvened at 12.03pm.
Cr M Lee and IMSB Member D Taipari
were not present.
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Cr M Lee returned
to the meeting at 12.04pm.
IMSB Chair D Taipari returned to the
meeting at 12.04pm.
Cr J Walker left the meeting at 12.03pm.
Cr A Filipaina left the meeting at
12.06pm.
Cr J Walker returned to the meeting at
12.07pm.
Cr A
Filipaina returned to the meeting at 12.30pm.
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Resolution number FIN/2017/18
MOVED
by Cr W Walker, seconded by Deputy Chairperson D Simpson:
That the Finance and
Performance Committee:
a)
thank the representatives from Stardome Observatory and
Planetarium, New Zealand Maritime Museum, Auckland Philharmonia Orchestra,
Auckland Rescue Helicopter Trust and Auckland Arts Festival for their
attendance and the information provided.
b)
give a vote of thanks to Carla van Zon,
Artistic Director for her outstanding contribution to the Auckland Arts Festival.
CARRIED
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Attachments
a 21 March
2017 - Finance and Performance Committee - Item 10 - Presentations from the
Auckland Regional Amenities Funding Board - presentation from Stardome
Observatory and Planetarium
b 21 March
2017 - Finance and Performance Committee - Item 10 - Presentations from the
Auckland Regional Amenities Funding Board - presentation from New Zealand
Maritime Museum
c 21 March 2017 -
Finance and Performance Committee - Item 10 - Presentations from the Auckland
Regional Amenities Funding Board - presentation from Auckland Rescue
Helicopter Trust
d 21 March 2017 -
Finance and Performance Committee - Item 10 - Presentations from the Auckland
Regional Amenities Funding Board - presentation from Auckland Arts Festival
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12
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Auckland War Memorial Museum: Approval of the 2017/2018 levy
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Sir Don McKinnon - Chairperson Regional Facilities
Auckland, Dr William Randall - Trust Board Chair, Brian Corban - Trust Board
member and David Reeves - Director Collections and Research were in
attendance for this item.
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Cr C Darby left the meeting at
12.33pm.
Cr C Darby returned to the meeting at 12.40pm.
Cr D Quax left the meeting
at 12.45pm.
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Resolution number FIN/2017/20
MOVED
by IMSB Chair D Taipari, seconded by Chairperson R Clow:
That the Finance and
Performance Committee:
a) approve
the total levy applied for by the Auckland War Memorial Museum of $30,735,000
for 2017/2018.
CARRIED
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13
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Museum of Transport and Technology: Approval of the
2017/2018 Levy
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Sir Don McKinnon - Chairperson Regional Facilities
Auckland, Michael Frawley - Museum Director and Wayne
Schache - General Manager Business Services were in attendance for this item.
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Resolution number FIN/2017/21
MOVED
by Chairperson R Clow, seconded by Cr A Filipaina:
That the Finance and
Performance Committee:
a) approve
the total levy applied for by the Museum of Transport and Technology of
$15,222,110 for 2017/2018
b) note
that the levy increase for the 2017/2018 is not considered as an increase to
the Museum of Transport and Technology’s baseline funding for the
future.
CARRIED
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Note: Item 21 –
Auckland’s major cultural heritage institutions: proposed independent
review and Item 17 – Section 17A Group Cost Effectiveness Review
Programme were taken at this time.
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21
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Auckland's
major cultural heritage institutions: proposed independent review
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Sir Don McKinnon -
Chairperson Regional Facilities Auckland, Chris Brooks - Chief Executive
Officer, Regional Facilities Auckland, Dr William Randall - Auckland War
Memorial Museum Trust Board Chair and Michael Frawley -
Museum of Transport and Technology Director were in attendance for
this item.
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Cr R Hills left the meeting at 1.43pm.
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Resolution number FIN/2017/22
MOVED
by Cr P Hulse, seconded by Mayor P Goff:
That the Finance and
Performance Committee:
a) approve
that an independent review of Auckland Council’s investment in major
cultural heritage institutions is undertaken.
b) delegate to the Environment and Community Committee the
responsibility for establishing the review programme, including setting the
terms of reference, appointing a review panel that includes domestic and
international expertise, developing an engagement plan with affected
institutions, and communicating the purpose and outcome of the review to
Aucklanders.
CARRIED
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The meeting adjourned at 1.45pm and
reconvened at 2.19pm.
Cr M Lee, Cr W Walker, Cr J Walker, Cr L
Cooper, Cr D Quax, Cr D Lee, Cr G Sayers, IMSB Member G Wilcox were not
present.
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17
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Section
17A Group Cost Effectiveness Review Programme
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Note: Changes
were made to the original recommendations with the agreement of the meeting.
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Cr W Walker
returned to the meeting at 2.21pm.
Cr G Sayers returned to the meeting at
2.21pm.
IMSB Member G Wilcox returned to the
meeting at 2.22pm.
Cr M Lee returned to the meeting at
2.22pm.
Cr R Hills returned to the meeting at
2.22pm.
Cr D Quax returned to the meeting at
2.45pm.
Mayor P Goff left the meeting at 3.05pm.
Cr D Lee
returned to the meeting at 3.20pm.
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MOVED by Chairperson R Clow,
seconded by Deputy Mayor B Cashmore:
That the Finance and
Performance Committee:
a) endorse
the proposed value for money programme including the approach, priorities,
objectives, and the recommended first four reviews.
b) delegate
the Chair and Deputy Chair of the Finance and Performance Committee to approve
the terms of reference of the three waters, domestic waste, organisational
support and the investment attraction and global partnership reviews in
consultation with the Chairs of the Environment and Community Committee, the
Planning Committee, the Chair of the Independent Maori Statutory Board, the
Deputy Chair of the Audit and Risk Committee and the Chairs of the affected
CCOs and the Mayoral Office.
c) endorse
the establishment of a steering group to give political oversight, consisting
of the Chair and Deputy Chair of the Finance and Performance Committee, the
Chair of the Environment and Community Committee, the Chair of the Planning
Committee, the Chair of the Independent Maori Statutory Board and the Deputy
Chair of the Audit and Risk Committee to monitor progress of the value for
money programme at key milestone points.
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MOVED by Cr D Newman, seconded by Cr W Walker, by way of amendment
to clause a):
That the
Finance and Performance Committee:
a)
endorse the proposed value for money programme
including the approach, priorities, and objectives, and recommends Three
Waters first, followed by subsequent reviews.
Note: The amendment was ruled
out of order by the Chairperson.
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Resolution number FIN/2017/23
MOVED
by Chairperson R Clow, seconded by Deputy Mayor B Cashmore:
That the Finance and
Performance Committee:
a) endorse
the proposed value for money programme including the approach, priorities,
objectives, and the recommended first four reviews, commencing with Three
Waters.
b) delegate
the Chair and Deputy Chair of the Finance and Performance Committee to
approve the terms of reference of the three waters, domestic waste,
organisational support and the investment attraction and global partnership
reviews in consultation with the Chairs of the Environment and Community Committee,
the Planning Committee, the Chair of the Independent Maori Statutory Board,
the Deputy Chair of the Audit and Risk Committee and the Chairs of the
affected CCOs and the Mayoral Office.
c) endorse
the establishment of a steering group to give political oversight, consisting
of the Chair and Deputy Chair of the Finance and Performance Committee, the
Chair of the Environment and Community Committee, the Chair of the Planning
Committee, the Chair of the Independent Maori Statutory Board and the Deputy
Chair of the Audit and Risk Committee, to monitor progress of the value for
money programme at key milestone points.
CARRIED
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Note: Pursuant to Standing Order 1.8.6, Cr D Quax and Cr D
Newman requested that their dissenting votes against clause a) be
recorded.
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14
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Disposals Recommendation Report
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Mayor P Goff and Cr J Walker had declared
an interest in this item and were not present during discussion or voting.
Note: Changes
were made to the original recommendations with the agreement of the meeting.
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Cr D Quax left the meeting at 3.50pm.
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MOVED
by Cr A Filipaina, seconded by Deputy Mayor B Cashmore:
That the Finance and
Performance Committee:
a) approve, subject to the satisfactory conclusion of any required
statutory processes:
i) the revocation of the reserve status of approximately 4,594m2
of 770R Great South Road, Manukau comprised of an estate in fee simple more or less being Section 1 SO 361058 contained in computer
freehold register 440697 as it is no longer required by Auckland
Council for reserve purposes;
ii) the
disposal of approximately 4,594m2 of 770R Great South Road,
Manukau comprised of an estate in fee simple more or less being Section 1 SO
361058 contained in computer freehold register 440697 as it is no longer
required for reserve purposes to the Second Nature Charitable Trust.
b) agree
that final terms and conditions be approved under the appropriate
delegations.
c) note,
in the interest of full transparency, that the Second Nature Charitable Trust
has entered into a conditional agreement to sell approximately 4,594m2
of 770R Great South Road, Manukau to the Safari Group (NZ) Limited.
d) note
that in the event of Panuku Development Auckland and the Second Nature
Charitable Trust concluding a sale and purchase agreement at full and fair market
value for Auckland Council’s interest in approximately 4,594m2
of 770R Great South Road, Manukau, the Second Nature Charitable Trust will in
turn make unconditional its current conditional sale and purchase agreement
with the Safari Group (NZ) Limited to enable the construction of a hotel and
apartment complex on the site.
e) note
that the Second Nature Charitable Trust has undertaken its own procurement
process in selecting the Safari Group (NZ) Limited for the development of a
hotel and apartment complex at 770R Great South Road, Manukau and that the
Second Nature Charitable Trust has entered into these commercial arrangements
as an independent, standalone entity in accordance with its own objectives.
f) note
that following public consultation, a further report will be brought to the
Finance and Performance Committee for Council’s final decision under
the Reserves Act on whether to revoke the reserve status, which, if approved,
would then clear the way for Panuku’s sale negotiations as noted above.
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MOVED
by Cr D Newman, seconded by Deputy Chairperson D Simpson, an amendment by way
of addition:
That the Finance and
Performance Committee:
g) agree
that Auckland Council as the lessor review the performance of the Second
Nature Charitable Trust as the lessee to fulfil the Objects of 3.1 of the
Third Schedule of the Deed, including operating the Centre on a prudent
commercial basis so that it is a financially independent community asset.
A division
was called for, voting on which was as follows:
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For
Cr D Lee
Cr D Newman
Cr G Sayers
Deputy Chairperson D Simpson
Cr S Stewart
Cr W Walker
Cr J Watson
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Against
Deputy Mayor B Cashmore
Chairperson R Clow
Cr E Collins
Cr C Darby
Cr A Filipaina
Cr R Hills
IMSB Member G Wilcox
Cr P Hulse
Cr M Lee
IMSB Chair D Taipari
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Abstained
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The amendment
was declared lost by 7
votes to 10.
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The motion was taken in parts:
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Resolution number FIN/2017/25
MOVED by Cr A Filipaina, seconded by Deputy
Mayor B Cashmore:
That the Finance and
Performance Committee:
a) approve, subject to the satisfactory conclusion of any required
statutory processes:
i) the revocation of the reserve status of approximately 4,594m2
of 770R Great South Road, Manukau comprised of an estate in fee simple more or less being Section 1 SO 361058 contained in
computer freehold register 440697 as it is no longer required
by Auckland Council for reserve purposes;
ii) the
disposal of approximately 4,594m2 of 770R Great South Road,
Manukau comprised of an estate in fee simple more or less being Section 1 SO
361058 contained in computer freehold register 440697 as it is no longer
required for reserve purposes to the Second Nature Charitable Trust;
b) agree
that final terms and conditions be approved under the appropriate
delegations;
c) note,
in the interest of full transparency, that the Second Nature Charitable Trust
has entered into a conditional agreement to sell approximately 4,594m2
of 770R Great South Road, Manukau to the Safari Group (NZ) Limited;
d) note
that in the event of Panuku Development Auckland and the Second Nature
Charitable Trust concluding a sale and purchase agreement at full and fair
market value for Auckland Council’s interest in approximately 4,594m2
of 770R Great South Road, Manukau, the Second Nature Charitable Trust will in
turn make unconditional its current conditional sale and purchase agreement
with the Safari Group (NZ) Limited to enable the construction of a hotel and
apartment complex on the site;
e) note
that the Second Nature Charitable Trust has undertaken its own procurement
process in selecting the Safari Group (NZ) Limited for the development of a
hotel and apartment complex at 770R Great South Road, Manukau and that the
Second Nature Charitable Trust has entered into these commercial arrangements
as an independent, standalone entity in accordance with its own objectives;
f) note that following public
consultation, a further report will be brought to the Finance and Performance
Committee for Council’s final decision under the Reserves Act on
whether to revoke the reserve status, which, if approved, would then clear
the way for Panuku’s sale negotiations as noted above.
A division was called for,
voting on which was as follows:
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For
Deputy Mayor B Cashmore
Chairperson R Clow
Cr E Collins
Cr C Darby
Cr A Filipaina
Cr R Hills
IMSB Member G Wilcox
Cr P Hulse
Cr D Lee
Cr D Newman
Cr G Sayers
Deputy Chairperson D Simpson
IMSB Chair D Taipari
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Against
Cr M Lee
Cr S Stewart
Cr W Walker
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Abstained
Cr J Watson
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The motion was declared carried by 13 votes to 3 and 1 abstained.
CARRIED
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Note: Pursuant
to Standing Order 1.8.6 Cr D Newman requested that his dissenting vote against
clause a) be recorded.
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Cr E Collins left the meeting
at 4.33pm.
Cr A Filipaina left the meeting at 4.33pm.
Cr M Lee left the meeting
at 4.42pm.
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Resolution number FIN/2017/26
MOVED by Cr G Sayers, seconded by Chairperson R Clow:
g) delay
the decision regarding the disposal of the land at 14 Baxter Street,
Warkworth, comprised of the following three stratum fee simple estates:
i)
described as Lot 2 DP 208963 and being
below Reduced Level 7.90 in terms of Lands and Survey Datum 1946 (includes 40
parcels) comprising approximately 466m2 ;
ii)
Lot 2 DP 208963 between Reduced Level
7.90 and 9.10 in terms of Lands and Survey Datum 1946 comprising
approximately 3,763m2 and
iii) Lot 2 DP 208963 and being above Reduced Level 9.10 in terms of
Lands and Survey Datum 1946 comprising approximately 3,709m2 and contained in
computer freehold register NA137A/463,
until such time as the Auckland Transport Strategy team
investigates parking options (including all day parking options) for
Warkworth, with at least the same or greater number of carparks as the above
property, and report back to the Finance and Performance Committee by way of
a written report within the next 3 months.
h) direct
Auckland Council staff and the Rodney Local Board to investigate the urgency
and the funding of the weather tightness remedial work and other deferred
maintenance totalling approximately $500,000.
i) note
that resolution of the funding issue cannot be held over until the 2017/18
Annual Plan.
CARRIED
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IMSB Chair D Taipari left the
meeting at 4.47 pm.
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Resolution number FIN/2017/27
MOVED by Deputy Mayor B Cashmore, seconded by Chairperson R Clow:
j) approve,
subject to the satisfactory conclusion of any required statutory processes,
the disposal of the land at 2R Carolyn Street, Papatoetoe, comprised of an
estate in fee simple more or less being Lot 18 DP 60730 contained in computer
freehold register NA15C/759 and agree that final terms and conditions be
approved under the appropriate delegations.
CARRIED
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The meeting adjourned at 4.49pm and
reconvened at 4.57pm.
Cr W Walker and IMSB Chair D Taipari were not present.
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15
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Auckland Council Group quarterly financial report and financial
results to 31 December 2016
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A PowerPoint presentation was provided at the meeting.
A copy of the presentation has been placed on the official minutes and is
available on the Auckland Council website as a minutes attachment.
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Cr W Walker returned
to the meeting at 4.59pm.
IMSB Chair
D Taipari returned to the meeting at 5.02pm.
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Resolution number FIN/2017/28
MOVED
by Cr D Newman, seconded by Cr W Walker:
That the Finance and
Performance Committee:
a) receive
the Auckland Council Group quarterly financial report to 31 December 2016.
b) note
the Auckland Council Group for the six months to 31 December 2016 generated
an operating surplus before gains and losses of $966 million and the increase
in net assets of $1.347 billion to $34.99 billion.
CARRIED
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Attachments
a 21 March
2017 - Finance and Performance Committee - Item 15 - Auckland Council Group
quarterly financial report and financial results to 31 December 2016 -
presentation
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16
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Budget update March 2017
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Note: Changes
were made to the original recommendations with the agreement of the meeting.
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Resolution number FIN/2017/29
MOVED
by Cr W Walker, seconded by Cr C Darby:
That the Finance and
Performance Committee:
a) approve
an additional capital expenditure budget of $960,000 in the 2016/2017
financial year to complete Freyberg Place upgrade.
b) approve
a new operational expenditure budget of $80,000 in the 2016/2017 financial
year for Karangahape Road destination marketing.
c) approve
a contribution of $300,000 in the 2016/2017 financial year to the city
feature lighting project led by Heart of the City, subject to a funding
agreement being concluded to council satisfaction that confirms the project
cost and the Heart of the City ability to fund their contribution.
d) agree
that the above budget increases are to be funded from the City Centre
Targeted Rate reserve.
CARRIED
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Note: Item
17 – Section 17A Group Cost Effectiveness Review
Programme was taken after Item 21 – Auckland’s major
cultural heritage institutions: proposed independent review.
19 Consideration
of Extraordinary Items
There was no consideration of extraordinary items.
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20 Procedural
motion to exclude the public
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Resolution
number FIN/2017/31
MOVED by Cr W Walker, seconded by Deputy Chairperson
D Simpson:
That the
Finance and Performance Committee:
a) exclude
the public from the following part(s) of the proceedings of this meeting.
The
general subject of each matter to be considered while the public is excluded,
the reason for passing this resolution in relation to each matter, and the
specific grounds under section 48(1) of the Local Government Official
Information and Meetings Act 1987 for the passing of this resolution follows.
This
resolution is made in reliance on section 48(1)(a) of the Local Government
Official Information and Meetings Act 1987 and the particular interest or
interests protected by section 6 or section 7 of that Act which would be
prejudiced by the holding of the whole or relevant part of the proceedings of
the meeting in public, as follows:
C1 Auckland
International Airport Limited - dividend reinvestment plan
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Reason for passing this resolution in relation to each matter
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Particular interest(s) protected (where applicable)
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Ground(s) under section 48(1) for the passing of this
resolution
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The public conduct of the part of the meeting would be likely
to result in the disclosure of information for which good reason for
withholding exists under section 7.
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s7(2)(h) - The withholding of the information is necessary to
enable the local authority to carry out, without prejudice or disadvantage,
commercial activities.
s7(2)(j) - The withholding of the information is necessary to
prevent the disclosure or use of official information for improper gain or
improper advantage.
In particular, the discussion of this report and resolutions
could potentially be price sensitive. In order for council to comply with
its listing agreement with NZX and to avoid any improper share trading
based on council's decision, this decision should not be discussed in
public.
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s48(1)(a)
The public conduct of the part of the meeting would be likely
to result in the disclosure of information for which good reason for
withholding exists under section 7.
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The text of these
resolutions is made available to the public who are present at the meeting
and form part of the minutes of the meeting.
CARRIED
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5.16pm The
public was excluded.
Resolutions in
relation to the confidential items are recorded in the confidential section of
these minutes and are not publicly available.
5.20pm The
public was re-admitted.
Note: Item
21 – Auckland’s major cultural heritage institutions: proposed
independent review was taken after Item 13 – Museum of Transport and
Technology: Approval of the 2017/2018 Levy.
restatementS
It was resolved
while the public was excluded:
5.21pm The
Chairperson thanked Members for their attendance and attention to business and
declared the meeting closed.
CONFIRMED AS A TRUE AND CORRECT RECORD AT A MEETING OF
THE Finance and Performance Committee
HELD ON
DATE:.........................................................................
CHAIRPERSON:........................................................
