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[00:00:01]

AND I'LL CALL OUR SPECIAL COUNCIL MEETING FOR MONDAY, JULY 25TH, 2022 TO ORDER.

[1. Councillor Morgan will read the Opening Statement]

AND I WILL ASK COUNCILLOR MORGAN TO PLEASE READ THE OPENING STATEMENT.

THE CITY OF YELLOWKNIFE ACKNOWLEDGES THAT WE ARE LOCATED IN CHIEF DRYGEESE TERRITORY.

FROM TIME IMMEMORIAL, IT HAS BEEN THE TRADITIONAL LAND OF THE YELLOWKNIFES DENE FIRST NATION.

WE RESPECT THE HISTORIES, LANGUAGES AND CULTURES OF ALL OTHER INDIGENOUS PEOPLES, INCLUDING THE NORTH SLAVE METIS AND ALL FIRST NATIONS MÉTIS AND INUIT, WHOSE PRESENCE CONTINUES TO ENRICH OUR VIBRANT COMMUNITY.

THANK YOU. NEXT, WE HAVE DISCLOSURE OF PECUNIARY INTEREST AND THE GENERAL NATURE THEREOF.

DOES ANY MEMBER HAVE A PECUNIARY INTEREST IN ANY MATTER BEFORE COUNCIL TODAY? SEEING NONE. NEXT, WE HAVE NEW BUSINESS.

[Items 3 & 4]

IT'S A MEMORANDUM REGARDING WHETHER TO DESIGNATE THE MAYOR, DEPUTY MAYOR, SPECIFIC COUNCILLORS, THE CITY MANAGER, AND DIRECTORS AS SIGNING AUTHORITIES ON CITY BANK ACCOUNTS.

SURE. WE'LL JUMP INTO THE MOTION.

COUNCILLOR MORGAN. I MOVE THAT NUMBER ONE COUNCIL IN ACCORDANCE WITH SECTION 102 B OF THE CITIES, TOWNS AND VILLAGES ACT. DESIGNATE COUNCILLOR KONGE, COUNCILLOR MORGAN, AND COUNCILLOR PAYNE TO BE SIGNING AUTHORITIES FOR DISBURSEMENT OF THE MUNICIPAL CORPORATIONS MONEY IN THE EVENT OF THE ABSENCE OF BOTH THE MAYOR AND DEPUTY MAYOR.

AND NUMBER TWO, THAT COUNCIL ADOPT THE TD CANADA TRUST CORPORATE RESOLUTION ATTACHED TO AND FORMING PART OF THE JULY 25, 2022 SPECIAL COUNCIL AGENDA REGARDING SIGNING AUTHORITIES FOR THE MUNICIPAL CORPORATION AND THE TRANSACTIONS THAT THESE OFFICERS CAN UNDERTAKE.

THANK YOU. [INAUDIBLE] COUNCILLOR SMITH, MS. BASSI-KELLETT DO YOU WANT TO SPEAK TO THE MOTION? THANK YOU VERY MUCH, YOUR WORSHIP.

ABSOLUTELY. SO OUR LENDER FOR THE AQUATIC CENTRE REQUIRES A CORPORATE RESOLUTION RELATING TO THE SIGNING AUTHORITIES ON THE CITY'S BANK ACCOUNTS.

AND WE NEED TO PROVIDE THAT WITHIN 20 DAYS OF JULY 14TH, WHICH WAS THE DATE THAT WE FINALIZED THE BORROWING AGREEMENT FOR THE AQUATIC CENTRE.

BUT IN DOING SO, WE REALLY NEED TO CONFIRM CURRENT SIGNING AUTHORITIES AT BOTH THE ELECTED AND ADMINISTRATIVE LEVELS.

TYPICALLY, IT'S THE MAYOR AND MYSELF AS CITY MANAGER WHO SIGNED, BUT IT'S VERY IMPORTANT TO HAVE ALTERNATES IN THE EVENT THAT WE'RE UNAVAILABLE.

SO THIS IS FOR ALL OF OUR ACCOUNTS AND ALL OF OUR TRANSACTIONS WITH TD.

THERE IS A LITTLE BIT OF URGENCY WITH THIS, GIVEN THE 20 DAY TIMELINE THAT TD HAS SET FROM JULY 14TH, THE DAY WE SIGNED.

HENCE, WE'RE BRINGING THIS DIRECTLY TO COUNCIL TODAY.

AND OF COURSE, ADMINISTRATION WILL BE LOOKING TO UPDATE SIGNING AUTHORITIES POST ELECTION.

THANK YOU VERY MUCH.

THANK YOU. AND JUST TO NOTE THAT IT'S COUNCILLOR KONGE, COUNCILLOR MORGAN, AND COUNCILLOR PAYNE AS WELL AS MYSELF AND THE DEPUTY MAYOR, BECAUSE WE'VE ALL BEEN THROUGH THE PROCESS WITH THE FORMAL PAPERWORK WITH THE BANK ALREADY, WHICH IS WHY THOSE COUNCILLORS WERE SELECTED.

ANY QUESTIONS, COMMENTS, DISCUSSION? SEEING NONE, ALL THOSE IN FAVOR.

AND THAT CARRIES UNANIMOUSLY AND WAS REALLY HAPPY TO HEAR THAT WE CAME IN JUST BEFORE THE 1% INCREASE IN INTEREST RATES FOR THE [INAUDIBLE].

WITH THAT IF I CAN GET A MOTION TO ADJOURN, MOVED BY COUNCILLOR SMITH, SECONDED BY COUNCILLOR KONGE.

ANYBODY OPPOSED, SEEING NONE.

WE WILL BE ADJOURNED.

* This transcript was compiled from uncorrected Closed Captioning.