Thank you everyone, take your seats please. I will call the meeting to order at approximately 601 p. m. on June 10. Can I get an approval of the agenda. Councillor Stephen, seconded by Councillor Ridge, all in favor. Passes confirmation of minutes that the Mets of Administrative Policy's Committee number 202602 held Wednesday, April 15th, be approved. Councillor Hassan, seconded by Councillor Shaves, all in favor. Any disclosures of potential cunaria interest. Yes, Mr. Chair. I drive Uber time to time. So I have a conflict of interest with that report coming with the Taxi Commission and the Uber. Okay, so we have it declared conflict of interest at business item number two transportation services by law. Okay, thank you, Councillor Hassan. Delegations, there are non - briefings, business. Can I get to mover in Seconder that the Ministry of Policy's Committee resolve itself into the Board of Management of Ferrito Crestone? Move her in Second Hercule Councillor Shaves, Councillor Ridge, all in favor. That carries. We now have the REQREST Home Report for March to May 2026. Go ahead. Thank you. This is the third report provided to the Reed Across Board of Management for 2026, and provides information on operations from March 16th to May 15th of this year. Areas of importance, the home, number of ministry visitors during this reporting period. Ministry of long - term care attended the home March 16th to the 26th to review three critical incidents and two complaints. As a result, the home received two written notifications, which I had updated the committee on during our last meeting. We then saw the Ministry of Log - Trim Care back to the home April 30th to May 7th to complete our proactive compliance inspection. This inspection is intended to occur on an annual basis for each home in the province. However, we had not had one since 2023. Despite being a more intensive inspection focusing on a number of home areas, the inspection concluded with no findings of noncompliance. The Ministry of Labour, Immigration Training and Skills Development conducted an home on April 2nd. This inspection was initiated following a required notification of occupational illness related to outbreak activity, which occurs with each outbreak the home declares. As a result, there was no issuance of noncompliance identified. The home submitted its annual staffing report to the Ministry of Long - Term Care on May 7th. This report outlines paid and worked hours across the staffing classifications and reported both direct and non - direct resident care hours. For this year's reporting period, Reedercrest met the provincial target of four hours of Director Resident Care per resident per day. Well non - Direct Hours exceeded the provincial benchmark of. 6 hours by achieving. 9 per resident per day. The approved 2026 operating budget for Readercrest Home contains 6. 7 million dollars in municipal contribution. As of April 30th, Reed across home had utilised 35 percent of its municipal contribution reflecting 143 dollar overspend This overspend reflection does not accurate as staff are awaiting two significant timing - related adjustments that are expected to revise the year - to - date actuals to an estimated 100, 000 dollars under budget, which we should see reflected in the next report. Thank you. Any questions. Okay, thank you. Oh, Councillor Shaves. I didn't want to disappoint. Actually, another really question. Now, if I read correctly, there was a home abstract for the best practices shared learning and collaborative approaches to infectious prevention and control in a long - term facility care setting. And this has been successfully accepted to be presented at infection prevention and cultural Canada National Trump Conference, is that true? That is correct, yes. I would like to share my congratulations to you, your team, and everyone that was associated with that. I think that's a pretty big accomplishment having part of a national conference. Thank you. Thank you. Any other questions from Councillor Ridge. Thank you, Mr. Chairrance, for you. Just some questions. Loud. Just some questions about overspending. There are a number of categories in which it's reported. There's been spending over budget, particularly dietary nutrition, Director of CARE, with any staff members wish to speak to those overspending pieces. Thank you, and through you. In all of these areas, you do see an overspend that is directly regulated to payroll. So there was an accrual for the month of April that was reflective of weeks that were in March. So it's not terribly accurate reflection, and we will see that right - sized over the course of the next month. Go ahead. Thank you, Mr. Chair, and for you. So would it be fair then to a state that these overspendings are a flexion of timing in terms of the charges as opposed to necessarily being love for budget? Thank you, Mr. Hughe. Absolutely. Okay, thank you. Any others from. Okay. Seeing none. This report is for information only. Could I get a mover in Sector that the administrative policies committee rise from the Board of Management for Rudeau Crestone? Moved by Councillor Stephen, seconded by Councillor Ridge. All in favor. Okay, thank you. Moving on to new business, item two Councillor Hassan, you have a declared conflict of interest on this one. Okay. Actually, you have to sit in the hallway, sir. Okay. When. Okay, this is the transportation services bylaw. Uh, which staff would like to introduce this, Mr. Compo? Go ahead. Thank you. And through you, Chair. Today's report is about establishing a municipal framework for passenger, transportation services as the city prepares to assume responsibility from the Kingston area taxi commission effect of September 2026. At the core, this report is about governance, accountability, and public safety. I think it's important to clarify what the role of the municipality is and equally important what it is not. The city's role is to establish and enforced minimum standards that protect the public interest. Our responsibility is to ensure vehicles are safe. Drivers are properly screened and licensed, insurance requirements are met. Accessible transportation services are available. And there are clear mechanisms for complaints, enforcement, and accountability. The municipality is not intended to regulate competition within the market, resolve disputes between brokers and drivers negotiate private business arrangements or determine which business model should succeed or fail. Those matters generally fall outside the scope of the municipal authority. This proposed bylaw reflects a transition from the highly prescribes Industry - specific model to a modern municipal licensing framework that is consistent with how municipalities regulate other licensed industries. The Bylaw focuses on four key principles. Public safety, consumer protection, accessibility, and public accountability. With respect to taxi plate issuance, staff are proposing to adjust the historical ratio from one plate per 800 residents to one plate per 700 residents. This recommendation does not create additional plates. Rather, it recognises the current reality that approximately 219 taxi plates are already operating within the community and establishes a more accurate baseline for the city moving forward. Staff are not recommending additional plate issuances at this time. A formal review of Placeration and Market Conditions is proposed every three years to ensure future decisions are evidence - based and responsive to service demands. I also want to address transportation network companies commonly referred to as TNCs. Throughout our consultation, staff heard concerns for an Industry representatives regarding differences between the regulatory framework applied to taxis. And the framework applied to TNCs. Those concerns are acknowledged within this report. However, the purpose of today's report is to ensure a stable and successful transition from the Kingston Area Taxi Commission to municipal oversight. Staff are recommending that Council Direct a Broader Review of TNC Regulations in 2027. That review will examine an opportunities to harmonize regulatory requirements. We're appropriate. Assess public safety standards, accessibility requirements, enforcement approaches, market conditions. And consider matters which such as vehicle caps and overall industry impacts. Any future recommendations will be brought forward to Council for consideration following that comprehensive review. At this stage, staff believe it is prudent to first establish a stable regulatory framework, gather operational data under municipal administration, and then undertake a comprehensive review of passenger transportation services as a whole. Overall, this report positions the city to deliver a transparent, accountable and sustainable passenger transportation program that protects the public while allowing the industry to continue evolving and adapting to changing transportation needs within our community. And with that, I am joined with my colleagues with licensing enforcement here, and we're happy to answer any questions. Thank you. Our other questions from the committee. Councillor Ridge, when you're done your cookie, go ahead. Thank you, Mr. Chair, and through you. So I first, I want to be in by thanking staff for all of the hard work on this. I know that there's been a lot of consultation and work in the background, and we can see some of the results of that. And for example, the survey and the survey results, which I think we're actually quite telling, in terms of what the concerns are for both people using the services and those who are the drivers, for example. So a couple of questions. Would you... Can someone please speak to you, for example, the enforcement issue or an enforcement mechanism that the taxi commission currently has, which I have some knowledge about, um, for tribunals, for example. So for disciplinary, action. So can someone from staff please speak to where that fits within this current framework? Thank you, and through you. Uh, so for the presentation in the rapport for tonight, um, what we're looking to do is put the current passenger transportation bylaw under the appeals committee. So that's where we would see complaints, anything with licensing requirements that need to be resolved in that manner would go directly to our appeals committee. That would be the nature of the process. Thank you very much to you, Mr. Chair. So then would it be safe to say that all disciplinary actions based on the current proposed by - law would be going through the appeals committee? Thank you. And through you. So there's two mechanisms. If the licensing requirements, um, that the risk concerns or any kind of conversations around licensing in general, that would fall to the appeals committee. Um, we've also, um, looked really heavily on in terms of reinforcement. And that also has the administrative monetary penalties component within this program. That would be heard through our administrative policy's program. So ultimately those fine specifically would go to the hearing officer through that process. Um, so then a bit of two different avenues in terms of, uh, those enforcement mechanisms. Thank you very much. And so, uh, just, just to clarify around that enforcement piece through Mr. Chair before we move on to any other, uh, lengthy questions that I may have, will that be communicated then if, if this is to move forward, the spiral law from this committee and to be approved by council, will that be communicated clearly both to the, uh, companies, the brokers and the drivers. And through your chair, yes, it would. Okay. Thank you very much. So the next question then is around safety and inspection standards. So one of the pieces through you, Mr. Chair, one of the pieces that I noticed in the survey and that I've heard from drivers and from, uh, plate owners, are questions and concerns that may have occurred in the past with regards to lack of inspection. Um, lack of safety inspections or any other considerations. What is the frequency that is expected through this bylaw in terms of safety inspections and considerations around the age of the vehicle. Thank you and through you. So, uh, broadly in terms of what the bylaw establishes is requirements related to vehicle condition inspections, winter tires, heating and cooling systems, cleanliness, um, maintenance standards and window tenting. Um, I think it's on. A yearly basis. So correct. Thank you. Um, that we would be doing those vehicle inspections. Um, but staff also have the ability, um, to call in any kind of, uh, concern regarding a vehicle to BSS in that nature. So we do have the ability to call folks in, uh, to assess their vehicles at any given time. But right now generally for everyone, it's on a yearly basis. Thank you and through you, Mr. Chair. So then would it be safe to say that it, uh, there is an expectation of an annual inspection, but also the ability of the city to, um, perform surprise inspections or to follow up on any complaints that have been made with regards to these. Uh, vehicles. And through each year, yes, there would be. Okay. Excellent. Um, so moving on. I just had a few more pieces here. The main question the fees look everything to me looks very good. Um, so can we, can we please, uh, through you, Mr. Chair, can we please clarify as to what the purview of the spire law is in terms of the taxis and accessible taxis? Are there any other vehicles or services that are being considered under this particular bylaw at this time. And through your chair, at this time, we're just looking at taxis at this point. Um, like I said, in the briefing, we've had a lot of consultation regarding transportation network companies. So that would be Uber's lifts. That is going to be brought towards, uh, another report later on this year. What will it be in 2027 to do a comprehensive review on both, um, TNCs, but for right now, this would just be establishing the regulatory framework around taxis. Okay. Thank you. And through my last question, Mr. Chair is in terms of license renewals is the, under the spylaw and the expectations of a management of the city. It's the current testing regime that exists for license renewals for drivers in terms of standards and knowledge, uh, continuing, or will there be upgrades to that or changes. In three year chair, so in terms of driver screening, there's requirements around, um, checks, vulnerable sector screening, driver abstracts, uh, minimum driving experience, examinations and mandatory training. So that is going to continue. Um, going forward. Okay. And thank you, Mr. Chair, and through you for my second final question. Um, there is an expectation. I think we can't socialist. I'll grant him a second final question. And thank you, Mr. Chairman, through you. There may be a third. Um, no, no. So my final question is, uh, with regards to the scope of the bylaw and what, what are the expectations that people can have in terms of what the scope of this bylaw is and what the scope of enforcement is for the city. So for example, I and many other councillors have received several complaints from individuals with regards to conflicts, uh, with either a company owner or with a license plate owner that one might consider to be private conflicts as opposed to those that fall within the current boundaries of the taxi commission and it's by loss. Will the scope of this bylaw expand beyond the current taxy commission bylaws? And what are the expectations that can be set for both the industry and the drivers? Thank you and through your chair. Um, so again, this bylaw reflects of transition that is highly, well, the KTC bylaw of what transitioning to the municipal bylaw. The KTC Balaway is highly, um, prescripted in nature, in industry specific. Um, I think again, we're looking at the principles of public safety accountability, consumer protection. And accessibility. So, um, we would be continuing to look at this model. Again, what is the municipalities role compared to maybe not necessarily the impacts that the drivers and the brokers have in those relationships that was part of the former highly prescriptive bylaw? I think what, um, the general public can expect is that we're looking really closely on, um, what we can set as the basic standards. And we're looking at those municipal comparisons. But in terms of again, broker, uh, driver, plate holder relationships, those would be what we would consider private matters that have to be dealt with between those relationships. Thank you very much. And through you, Mr. Chair, for my third final question, Noah, I'm joking. I know. I just want to conclude by thanking staff for their very hard work on this. And I know that they suspend a lot of work in consultations. So thank you very much. Thank you. I have the next few questions. Um, first of all, I want to echo Councillor Ridge. Thank you very much for the great work that's been done this bylaw. Um, a worrying thing I had when I was on the commission was that tribunals were done in camera and behind closed doors. And then orders were issued. And that was the only thing that was issued publicly. Will appeals committees if there is a tribunal or appeal there. Those are public and of public record. Is that correct? Or is it beyond closed doors and enclosed? Your chair, those are public. Yep. They're public. They would be public. Yeah. Okay. That's refreshing. Um. A lot of PTSD on this file. Um, secondly, you mentioned in the report that there was not intervening in disputes between drivers and brokers was the last KTC heavily involved in disputes between drivers and brokers. Were they playing like a middle main role in that. Three year chair. I may start and maybe Miss Mahoney may want to jump in. But what we've seen through the bylaws, you know, the initial bylaw had 63 pages, uh, where we've condensed ours into about 45, roughly. Um, there was high prescriptive nature between, um, really specific matters involving the industry, specifically on brokers, uh, relationships with playholders. This bylaw doesn't go into it as in - depth as that. Um, so we again looked at it from a lens of what municipality regulations and roles are. We compared that to other municipalities as well. And so this would be less prescriptive than the previous one. Okay. Final question and for real final question. When you didn't municipal scan, how are most disputes resolved? Are they are we adopting processes the most other municipalities adopt as well? Three, we've done a lot of consultation with other municipalities and generally speaking, most municipalities, as you'll see in the exhibit, uh, follow, uh, we have followed what other municipalities are doing. So we're on par for what other municipalities on Ontario are doing. Yes. Okay. Thank you. Great work, everyone. Thank you. Any other questions from the committee. Shockingly Councillor shaves. I have a final question. Um, I know it's within the report, it states, uh, basically we have more permits, played holder permits than the initial ratio is one to eight hundred. So we're dropping that to one to 700, which is fine, which brings us up to what the current number is. But no, I'll also in the comparatives that most of the other municipalities, they're sitting about one every thousand, whenever 14, 000 per resident. Does this mean that we're oversaturated with taxis within this municipality? And will this probably put a hold on new, uh, permits being issued. Especially in the near future. Thank you and through your chair. Um, so. Again, for the further consultation that we're going to have to do regarding a comprehensive review of this bylaw, we'll give us more information. I think if we as staff, uh, we have to take a more in - depth assessment on what's currently out there in the market. Um, from our general assessment is that we've tried to make it on par for what is currently in the market. Um, and we've again, we're trying to look at data. That would be evidence - based to support some decisions that are being made. So at this time, we're keeping it to where it is currently with no further permits that are going to be issued until we have the ability to do a further analysis where we'll, excuse me, where we will be coming back to Council to report that data. So at this time, uh, we're staying still, um, there's more work to be done. Okay. And that sounds very reasonable. And, uh, I would probably assume concerning comparatives that maybe we are a little oversaturated in a number of taxes we have on the road. So my next final question. Is in regards to insurance. Um. Who's responsible for insurance in regards to the industry? Is that the brokers or is it the plate holders. Through you, I can, I can start us off again. Miss Mahoney, if you wanted to jump in, but, uh, for right now, it's, it's with the brokers. Well, it is with the brokers. So the municipality only regulates the minimum requirements for insurance purposes. Uh, you know, if a broker wanted to establish higher, um, premiums or if they wanted to establish like a higher threshold in terms of insurance requirements, that is between the broker and the plate holders of the drivers themselves. Um, we have heard, um, a lot of consultation around the insurance, um, concerns that have been brought up. Um, we do acknowledge again that there are areas of other avenues where those concerns can be expressed. Again, the province highly regulates, um, through the registered Ontario Insurance Broker Association where those avenues can be better communicated and resolved. Um, but again, our role is just the minimum requirement and it would be going back to the brokers themselves. Okay. Thank you. Um, one more final question. And I just wanted to confirm, because maybe it was disgusted. What is this bylaw not. Like, is it not a dispute resolution between brokers and plate holders. Thank you for you. Again, yes. We have looked at it from a missable standpoint of what is the minimum requirements and what are other municipalities they're doing. The previous KTC by - law was highly prescriptive. So again, we're looking at the consumer protection accessibility. Those portions of what we want to stabilize the program with and then look forward into the future on what additions we need to provide to the Council into this bylaw as well. Okay. Thank you for all those responses and answers. And hopefully everyone's hearing. And I would also like to reiterate thank you to you and your team because I know this wasn't very easy project to do and extremely time consuming. Thank you. Thank you. Thank you Councillor Stephen. You have some final questions as well. Yes. Mr. Charity, thank you. Um, through you. So I just want to focus for a second on the customer perspective. I think the questions have been really excellent so far about the inner workings of the taxi industry and how it's going to be regulated or not. Um, I'm wondering, so if you are average person who calls for a taxi taxi shows up. From what I understand from the report, there was a temporary reduction in fees pre - COVID or during COVID rather that were never reinstated. So from a customer perspective, my understanding is a taxi shows up, the fees haven't changed. You've said the fee schedule is going to stay the same for now as reviews happen. Um, is it reasonable to expect that fees will probably need to go up over time to cover that gap. Thank you. And through your chair. I think from our initial analysis is that we have seen the fee state the same post COVID. So we've, from our research there, there was a reduction in fees, um, pre - COVID or post COVID, I should say during that time. And they were not resolved up until this point. Um, I think there needs to be a further analysis done on cost comparisons with other municipalities as well. Um, so that work, um, is still pending. And that would be something we would be bringing back later on this year. Um, but I would say that in general, um, that we are fairly low compared to other municipalities at this point. Three, Mr. Chair. Thank you. Yeah, I'm very curious to see what you folks come back with because they're a gap. Isn't there a gap? I mean, I'm, I'm, I'm curious to see what we need to cover the operating costs. So again, from a consumer perspective, probably you would expect to see little change or maybe better service. Is that a fair assumption. Thank you. And through your chair, I would say that's a fair assumption. Again, we're, we're bringing things over to stabilize the industry right now, but, uh, there needs to be a further review on this. But, um, I would say that's a fair assumption. Three, Mr. Chair. I also need to echo. Thank you. That was a lot of work that you've done. And there's still more to come, uh, so please continue. And thanks for your efforts there. Thank you. Thank you, every member of the committee spoke. Uh, we have a recommendation that the administrator of policy's committee recommends to council. I'm not going to read the whole motion. Can I get a mover Councillor Ridge, secondary Councillor Shaves, any statements. Seeing none. I'll call the vote all in favor. And that is carried Councillor Hasan. You can return. And someone get Jimmy. No, there's no online. No public. At all. Yeah. I. Rented ship here. Uh, we will move on to item three staff ready. Yeah. Yeah. All right. Stafford. Okay. Uh, we'll move on to item three. Investing funds in the one investment program and investment policy update. And when staff member, go ahead. Thank you, Mr. Chair. So we have a report before you tonight with respect to our investment strategy, AP 26001. And the recommendations in this report are to update our investment policy that will also give staff the authority to participate in the one investment program. Um, currently, uh, we have, we are vessed in government, um, and corporate bonds through two brokers, TD and CIBC wood gundy. We have about 175 million dollars invested. These are long - term funds. Mostly our capital reserve fund monies. Um, that are through those two brokers. We make on average about, I'd say about four percent a year return on those. And those investments are made subject to very strict guidelines in the municipal act as to what we can invest in. And particularly with respect to, uh, credit rating, uh, within some of those bonds. Um, what we're looking for now is we'd like to expand our investment portfolio into Canadian equities. And they're certainly from a diversification standpoint. That is something our brokers have been recommending to us. We've been keeping an eye on the markets. Um, and I think it's important just to note on the risk side of that. There are definitely risks with equity investments. Um, they are more subject to market volatility than our bonds are. Um, we can experience fluctuations in terms of our investment income from year to year. Our bonds, as long as we hold them to maturity or fairly stable so we know what we're getting in terms of investment income. Um, and certainly shorter holding periods for equity, uh, you get a lot more volatility. So one of the things we would be looking at is we would be clarifying that the funds that we're going to invest in equities, um, are funds that we could hold for a minimum of seven to eight years. So we wouldn't be touching those. Um, and you will see in the report, we're recommending a target of 25 percent of our 175 million. And that is set because we do still want to have some of the stability of investment income coming from the bonds themselves. So there's two ways to invest in equities for municipality. Um, one is to invest in the one fund investment program and they have a Canadian equity fund. Um, that's a pooled investment fund that, uh, that's available for municipalities. Um, the downside of that is it is only Canadian equities. It's not global equities. The other option is to look at the prudent investor standard. And the prudent investor standard is something that's relatively new. I think the municipalities right now that have taken advantage of this, um, and the pruning investment standard takes us away from that legal list of investments that we're allowed to invest in. And basically opens up the investment opportunities. Um, and there is, there's some rules around particularly what a prudent investor standard means in terms of, um, exercising the skill and the due diligence around the decisions around that. Um, the other thing with the prudent investor standard is it means a fundamental governance shift. So it means having an investment board, um, if you do this through the one fund, they actually have a joint investment board that municipalities can participate in. But it takes all of the control and management of those investments away from council and puts some to that board. Uh, also to note, it's a one way decision. Um, there's no easy way to get out of that once you have gone into that. Because again, it's a long - term investment strategy. So you can't be going in and out. So in the report, we have recommended not doing the prune investor at this point in time. There's quite a bit of an analysis in the report that looks at what the returns were for a prudent investor standard if we were to go with the joint investment board through the one fund. Overall, since inception, which I believe was 20, 2020 when the Food Investor Standard started with the Joint Investment Board, um, they've had a return of about six percent. If we were to take 25 percent of our current investment funds, put them into Canadian equities along with the bonds that we would maintain. We would reach at least that six percent. So we would take on the extra risk with the prune investor. We would, we would be able to do a global equities as well as Canadian, but we wouldn't necessarily see the rate of return, the benefit of an additional return in comparison to the risk that we would be taking on and the control that Council would lose around those investments. Um, so at the end of the day, we are recommending participating in the one fund investment program. We are looking at this should increase over time our annual investment income, uh, by about two and a half to three million dollars and that's sort of looking at it over a 10 year period. That would be an average, um, with its seven to 10 year investment horizon. Um, and those monies would go towards the, uh, offsetting some of our future operating budget pressures. Thank you. Any questions from the committee. Councillor Councillor? Go ahead. Uh, thank you so much. So I just want to get a, get a better understanding of what the one Canadian equity portfolio includes in terms of its like basket and investments or what, what is in the portfolio. And the question that I, the reason that I asked us is that, you know, the Canadian economy is going through what one might consider to be a unique and tumultuous period. So are the expectations in terms of returns that have been in the past, ones that one might expect in the future, especially in the near future, considering the transition that we're dealing with in our economy. Through you, Mr. Chair. Um, so the guidelines for the, um, fund equity fund. Our governed by the MSCI sector, GIC sector for resources. Um, there is a list in the report on page 322. Me list the high level various different categories of the sectors that there's investments in. The guidelines for the equity, um, specifically just require seven of these various different sectors to be invested in and to follow the, um, municipal act. So, uh. It's fairly broad in general in its guidelines at this time. Okay. Thank you. And through you, Mr. Chair. Um, yes. Yes. I see the composition of the portfolio here. Just more curious as to if there were any other additional pieces of input. So, uh, based on the projections that were just stated in terms of the percentage of the portfolio or the percentage of investments that you're wishing to transition into the portfolio and the expected percentage increase in terms of returns, what are we, can I get an estimate in terms of what the figures are that we're expecting to see in terms of increase in revenue investment revenue based on, uh, this transition. Go ahead. Thank you through Mr. Chair. So we are looking at, um, about 25 percent is sort of our target of equity, which would be about 40 million dollars that we would put in. We would put that in over time. Obviously not all at once. Um, and we are looking at, as some of our bonds are coming due, those monies would be moved into the equity fund. So based on the previous 10 year period, that Canadian equity fund has made on average about 11 percent. Um, And so just did the simple math at 40 million dollars, about seven percent additional over our four percent we're earning on the bonds right now. So around two and a half to three million dollars Always the risk, you know, you're one year two year three. There could be some fluctuations. Fingers crossed. You can see in the report there were some years it was 22 percent on annual base that they were making So hopefully as we start putting money in, we will see some of that The other piece Council that I might I might just add to that and you will see that in the report with respect to the The Canadian equity versus global equities. So we did some some research into and broke down if we had been in the Joint Investment Board since 2020 and we looked specifically at the global equities. The global equities were only making something about nine percent Board were actually more than 11. They were closer to 14 percent. So again, we kind of just looking at that now that's the past 10 years to your point who knows what's going to happen with what's happening in the Canadian market right now, but, um, another reason why we're limiting it right now at the 25 percent. Okay, thank you very much for those answers. I'm just checking to see because my computer just booted up again with my totes. So I apologise one second. Okay, that's it for me, Mr. Chair. Thank you very much. Councillor Stephen. Thank you Mr. Chair This is really interesting and you know as just a regular person who has a financial advisor to help with investments Um, this is exactly what your advice to do, right? Is Diversify and you're looking long - term. You're looking short - term You're trying to really cover your bases Um, one of the questions I have is around going back to Council Ridges Point around the holdings of the portfolio by sector And you can see it's broken down percentage wise Like I don't know Industrial is 17 percent Energy 3. 69 percent That kind of thing Um But what I'm wondering is Do we have any sense of exactly what we might be investing in? And I ask because money and morals don't always go together And I'm just concerned that we would be putting municipal money somewhere where Frankly We don't want it. Through you, Mr. Chair So we do have an understanding There has been some historical practice that they are governed by There is no specific policy decision on ESG - related Um, investments However the various different sectors Um, mostly food - based in terms of the Industrials and all of those So I haven't seen anything Um... Nefarious In the Investment Specifically In the Businesses That they're investing in I think There is investment in fossil fuels. In the Energy Sector So there is Suncor Um... In those various different businesses But. That's Basically all I have at this point Okay, three Mr. Chair Thank you Um... I think that probably fits in most investment portfolios. And it's a conundrum, right? I mean, yeah, I'll leave it there Thank you. Any other questions. Really. Okay, thank you. Uh, we have recommendation that The Ministry of Policies recommended to Council the following motion Which I'm not gonna read. Uh... Okay, let's read you Mr. Chair His point of procedure I would actually like you to read it so that I'm sure what I am voting for As is the public That is procedurally correct. And I hate that Uh, that the administrative policies Committee Uh... Recommend a council that exhibit A... To report number AP 2601 being a bylaw authorized The Corporation, the city of Kingston To enter into the agency agreement between Chums. Financing Corporation and local authority Services limited As agent's eligible investors respect to the One Investment Program and to authorize the Treasure to execute the necessary documents for that purpose B presented to Council... And... That Council delegates the authority of the city Treasure to execute any necessary documents, including with that limitation Enrollment documents and documents in connection with payment services of the portfolio Introduce anything necessary, desirable initially, and an ongoing basis on behalf Let's say Kingston to give the purpose... And that the investment policy FIN 005 B rescinded, and the revised investment policy attached as exhibit B to report number AP 26 - 001 Be approved by Council in order to establish parameters governing the city's investment activities Including the participation of the One Investment Program I'm gonna move her in seconder, please. Councillor Ridge Councillor Stephen. Any discussion, all in favor. No, you don't approve. Okay, so that passes That passes unanimously - ish. I don't know if that's in the minutes That's... Thank you. Uh We move on to business I am number four one year review Drive - in parking area means pothole compliance Which staff member would like to introduce this. Mr. Campo. Thank you, and through your chair Uh... So this report provides When your review of the amendments to the property standards by Law related to driveway in pothole area maintenance, or parking maintenance Um... Specifically addressing pothole compliance on private property. Over the past year, the city of Kingston has observed a measurable shift towards increased voluntary compliance... Property owners and businesses have demonstrated a greater willingness to proactively address pothole deficiencies prior to enforcement intervention. This reflects improved awareness of maintenance expectations And the effectiveness of the updated by - law framework. While enforcement remains necessary in select cases, the overall trend indicates that the amendments are achieving their intended outcome. Promoting timely property maintenance, reducing reactive enforcement demands... And improving safety and accessibility across the municipality Staff will continue to monitor compliance trends, refine enforcement practices, and explore opportunities for further education and engagement to sustain and build on this process. Thank you. Questions from the committee. Seeing none, this report is for information only. Councillor Shaves. I have no question, I do have a comment. Um... I'm glad to see and reading them with the report that Disasser - reduced workload pressures on staff Um... I think that's great things, especially considering what we've done to you in the last three years. Increased number of workloads, special constable, and review of other policies in bylaws So I'm really glad that file we've done something to relieve some of the pressure on you and your staff So thank you very much. Thank you. Thank you That is all the business we have There are... Councillor Stephen Okay. Thank you Mr. Chair. I can't believe it's been a year Uh... That this has been going for, but I just want to say Thank you. Um... It's according to The Report It sounds like it's going really well. I guess my only question Uh that I have is, are there any surprises, or is there anything that staff want to share about this, that they weren't expecting? Thank you, and through your chair I wouldn't say there was any expectations I think generally Um, we still seen that there were some hiccups in terms of... You know, the winter conditions working with contractors Uh, to get some of those timely issues resolved during the winter time But we've had great communication with business owners Um... In contractors... So we've been really excited about these changes It has helped staff in terms of resources and time... Um... So we're just gonna continue to build on that for right now. That's great, Mr. Chair, thank you. Okay. This report was for information only. Moving on, no motions There are no noses of emotions There are no other business We have one piece of corresponds, the date of the next meeting is scheduled for Wednesday, August 5th at 6 PM to adjourn Councillor Shaves Councillor Ridge, thank you all in favor Thank you very much everybody, have a great evening.