Risk Analysis:

As the sole shareholder of WCUL, the City must fulfill its obligations under the OBCA and address the resolutions presented by WCUL.

Approval of the resolutions pose little to no risk to the City as the City remains involved and aware with respect to the operations of WCUL.

Approval of the housekeeping resolution will ensure that all prior necessary actions have been properly approved and ratified, thereby bringing the corporate minute books up to date.

Financial Matters:

There are no financial ramifications to accepting the resolutions presented by WCUL.

Consultations:

N/A

Conclusion:

The resolutions presented by WCUL are essentially corporate housekeeping and it is appropriate to approve them. It is necessary to appoint a signatory to represent the City for that purpose.

Approvals:

Name	Title
SHELBY ASKIN HAGER	City Solicitor and Corporate Leader Economic Development and Public Safety
JOSEPH MANCINA	City Treasurer and Corporate Leader Finance and Information Technology
ONORIO COLUCCI	Chief Administrative Officer