At the ICCC Members’ Special General Meeting (SGM) on the 4th of November 2017, it is resolved that: - The term of the Property Exploration Committee is hereby extended till the AGM 2018.
- The mandate and structure of the Committee will be as follows:
- The committee will continue negotiations with the City and make an effort to close the deal.
- Nitya Varma will continue to be the Chair of the Committee.
- The General Body hereby directs that the President of ICCC be immediately appointed to the committee.
- Any written offer or proposal to the City must be signed by the President of ICCC.
- The committee will furnish detailed monthly up to-date status reports to the ICCC Board.
- Proposals to the City of Ottawa: The Committee is directed to make proposals to the City of Ottawa according to the following stipulations:
- On behalf of ICCC, the Committee is authorized to offer a contribution of $250,000 to City of Ottawa and negotiate the stipulated benefits to ICCC as follows, i.e. in consideration of ICCC’s contribution, ICCC expects that the City will:
- Renovate the banquet hall in the ground floor as well as build a full-service kitchen to ICCC’s specifications duly negotiated and agreed upon;
- Name the banquet hall (A & B) as “Indo-Canadian Community Hall” with a large signage in the lobby of the hall;
- Renovate the smaller banquet hall (C) on the 1st floor (above the ground floor), and also name it “Indo-Canadian Community Room;”
- Allow a perpetual lease at no cost to ICCC for exclusive use of the storage room and the adjacent large room E on the 1st floor;
- Allow ICCC to put “ICCC Office” signage at the door, and permitted to charge rental for these rooms;
- Grant ICCC 24 days in a year of free perpetual use of the banquet hall (meeting rooms A and B) and the 1st floor banquet hall (room C);
- Develop logistics for ICCC’s booking of the banquet halls on 24 days.
- If ICCC is not successful in negotiations, and if the City demands a greater contribution, the Committee is authorized to negotiate and increase the contribution up to a maximum of $350,000.
- In the event, the City demands a contribution in excess of $350,000, and/or does not agree with ICCC’s proposed terms and conditions, and/or proposes terms and conditions that the ICCC Board is not authorized to approve:
- The Committee will:
- obtain a counter proposal from the City; and
- submit a detailed report to the Board making a business case to call the SGM for approval of the terms proposed by the City;
- The ICCC Board will call the SGM to deliberate on the committee report and the business case and accord approval and further directions to the Committee.
- Status Report to the AGM 2018: The Committee will present a detailed status report including:
- Details of negotiations so far,
- ICCC’s proposal and City’s counter proposal,
- Situational Analysis at this stage,
- Business case to proceed further
- Further directions: The General Body at the AGM 2018 will provide further directions.
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