Regular Council

THAT Council direct staff to seek rationale from MPAC's Board of Directors for the decision seeking leave to appeal the ARB's decision to Divisional Court; AND THAT the resolution be forwarded to the Association of Municipalities of Ontario (AMO) and Top Aggregate Producing Municipalities of Ontario (TAPMO) members for support.

THAT Council approve permanently closing the road allowance (not travelled) designated as Part 2 on Plan 41R-7499 (North Oxford), in the Township of Zorra and identified as Part of P.I.N. 00099-0211; AND THAT Council direct Township staff to bring back the necessary by-laws once the required reference plan has been completed.

THAT the Township of Zorra Council call for an immediate, comprehensive and independent third-party expert review of OMERS' investment performance and practices over the past ten years, conducted by the OMERS Pension Plan's sponsors and stakeholders; AND THAT such a review would at minimum: Compare OMERS plan-level, and asset class-level performance to other comparable defined benefit pension plans and funds, OMERS internal benchmarks, and market-based benchmarks. Examine OMERS decision-making processes around the timing of various investment decisions. Assess the risk management policies and protocols that were in place and determine if they were followed and/or if they were sufficient to protect the plan from undue risk. Assess whether the disclosures provided to the OMERS Administrative and Sponsorship Boards were sufficient evidence to allow the Boards to respond appropriately and in a timely manner. Examine executive compensation, investment fees and investment costs at OMERS in comparison to other major defined benefit pension plans and funds. Examine other relevant issues identified by the third-party expert review. Make recommendations for changes at OMERS to ensure stronger returns moving forward. Issue their final report and recommendations in a timely manner. Publicly release its full report and recommendations to ensure that it is available to OMERS sponsors, stakeholders, and plan members. AND THAT the Township of Zorra Council further calls on the OMERS Administ

THAT items 10 (a)-(b) be received and filed for information purposes only.

THAT items 11(a) - (b) be received and filed for information purposes only.

THAT by-laws 75-21, 76-21, 77-21, 78-21, 79-21 and 80-21 be taken as read a first, second and third time and finally passed; AND FURTHER THAT the Mayor and Clerk are hereby authorized to sign the same and affix the corporate seal thereto.

THAT Council move into closed meeting session at 11:00 a.m. pursuant to Section 239.2 (b) personal matters about an identifiable individual, including municipal or local board employees.

THAT By-law 81-21, being a by-law to confirm the proceedings of Council held December 1, 2021, be read a first, second and third time this December 1, 2021; AND FURTHER THAT the Mayor and Clerk are hereby authorized to sign the same and affix the corporate seal thereto.

THAT this session of Council be now adjourned and herewith closed at 12:15 p.m.; AND THAT Council deviate from section 4.1 of Procedural By-law 05-04, as amended, and scheduled the next meeting of Council for December 15, 2021, at 4:00 p.m. in the Council Chambers at the Township Municipal Office.