THIS WEEK IN EDMONTON
- There will be a meeting of the Community and Public Services Committee this morning at 9:30 am. The Committee will discuss the creation of an Entertainment District on Rice Howard Way, wherein consumption of alcohol would be permitted. The Agenda Review Committee will meet on Tuesday at 8:30 am, followed by a non-regular meeting of City Council at 9:30 am. At the latter meeting, Council will discuss Community Revitalization Levy Rate and Supplementary Levy Rate Bylaws, as well as the 2024 Property Tax and Supplementary Property Tax Bylaw (more on this below!).
- On Thursday at 9:30 am there will be an Urban Planning Committee meeting. On the agenda is a proposal for Collaborative Highway 2 Roadway Beautification. The City is proposing planting trees along 13 to 15 kilometers of highway in order to support the goal of planting two million new urban trees by 2030. But, a large part of the roadway falls beyond the City’s borders and under provincial jurisdiction. To move forward with a plan, “further work would be required to define the extent of the corridor, the vision for the initiative and establish governance, funding and operating and associated agreements.” Administration will also provide a response to Councillor Rutherford’s October 2023 request for a summary of current licenses issued to e-scooter and e-bike vendors, as well as a summary of the program.
- On Friday, at 9:30 am, there will be a meeting of the Executive Committee. The Committee will discuss the 2023 Investment Committee Annual Report. The report notes returns ranging from 5% in the Money Market Fund to 11% in the Ed Tel Endowment Fund. The Ed Tel Endowment Fund is the City's largest fund and paid $45 million in dividends to the City in 2023, ending the year with a market value of $938 million. The Committee will also discuss the lease agreement between the City of Edmonton and the Citadel Theatre.
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