Recorded vote

That with respect to Alderman Colley-Urquhart, Alderman Farrell, Alderman Lowe, Alderman Mar and Alderman Pincott’s Motion NM2012-22, the following be adopted, as amended: WHEREAS the Calgary Municipal Land Corporation (CMLC) was formed by the City of Calgary in 2007 to operate as an independent development company with a mandate from City Council to revitalize, transform and develop East Village and the Rivers District, and WHEREAS this innovative CMLC model has been very successful in guiding and developing an overall Master Plan through extensive stakeholder engagement to become a vibrant urban village, a place centered on innovation, natural environmental attributes, creativity & architecture, and WHEREAS much of the stability and sustainability of CMLC can be attributed to its visionary funding model to achieve the economic, social and environmental objectives of the area through the Community Revitalization Levy (CRL), in providing a mechanism to capture increased property tax revenues and supporting reinvestment into the community, while being a catalyst for private sector investment, NOW THEREFORE BE IT RESOLVED THAT CMLC be requested to examine opportunities for the next steps in the business plan including funding options available and report to the Shareholder not later than 2012 October.