THAT Items 5.2 and 7.1 of the Finance and Labour Relations Committee meeting dated July 14, 2025 be adopted as follows:
5.2 Festival Hydro Inc. and Festival Hydro Services Inc. 2024 Audited Financial Statements and Dividend Declaration (FIN25-019)
THAT the Festival Hydro Inc. audited financial statements for the year ended December 31, 2024, be received for information;
THAT the Festival Hydro Services Inc. audited statements for the year ended December 31, 2024, be received for information;
AND THAT Council, as the sold shareholder, declare a Top-Up Common Share Dividend in the amount of $147,478 for the year 2024, calculated in accordance with Festival Hydro's Dividend Policy, to be paid in the second quarter of 2025.
7.1 Communities in Bloom Request for Reallocation of 2025 Budget Funds (FIN25-022)
Direction to be provided following the Committee meeting.