Recorded votes on C2018-0266

That with respect to Report C2018-0266, the following be adopted, after amendment: That to allow Administration to continue its work, Council approve in principle the recommendations outlined below and, upon Administration advising Council in writing that it has secured financial commitments from the Government of Alberta and the Government of Canada, for continuing to fund the Olympic bid exploration process: 1. Authorize The City of Calgary to become a member of, elect directors, and incorporate a Bid Corporation (BidCo) to continue the exploration of a bid for the 2026 Olympic and Paralympic Winter Games (OPWG); 2. Approve the Deputy City Manager as having the authority to exercise all the powers and voting rights associated with The City’s membership interest in BidCo, subject to the Deputy City Manager first seeking Council direction regarding matters that materially affect the legal, business or financial risk for The City; 3. Authorize the Mayor to execute on behalf of The City all BidCo resolutions and related documents required to establish the appropriate membership and governance structure of BidCo substantially in the form described in the report, such documents to be satisfactory in content and form to the Deputy City Manager and the City Solicitor and General Counsel respectively; 4. Release an additional $1 million (of the $2 million) of Fiscal Stability Reserve funds that Council approved on 2017 November 20 (C2017-1181); 5. Approve a one-time increase in 2018 to operating budget program #426 of $2.5 million from the Fiscal Stability Reserve, to complete The City’s required $9.5 million total funding commitment to the BidCo; 6. Return to Council through PFC at its April 10 meeting with an update, including a robust public engagement plan and a proposed reporting structure from BidCo to Council; and 7. Direct that the Closed Meeting discussions remain confidential subject to Sections 21 and 23 of the Freedom of Information and Protection of Privacy Act.