Riverport Electric Light Commission AGM

This forum is to discuss the potential sale of the old Riverport Office. The resolution at the July 23 2025 meeting was as follows:

WHEREAS the Riverport Electric Light Commission is seeking

opportunities for cost-savings; and,

WHEREAS the RELC Office is no longer required for the operation of

the utility;

THEREFORE BE IT RESOLVED that the Commission proceed with the

sale of the RELC Office located at 3808 Highway 332.

The Resolution was deferred until the required number of residents are in attendance at a meeting.

This forum is to discuss options for moving forward. The AMENDED relevant motion is as follows:

WHEREAS the Riverport Electric Light Commission was established in 1920 with governing legislation which has gone largely unchanged

since that time; and,

WHEREAS the structure of the Commission as established in the Riverport Electric Light Act has become unsustainable and alternatives may offer improved long-term sustainability;

WHEREAS the Electors by Resolution at the Annual General Meeting on November 16, 2021 directed the RELC Board of Commissioners to create a working group with a mandate to;

“Resolution #5…..start a review of the articles of association, which will include legal review and a working group of both electors and commissioners. The working group will submit their findings to a special elector meeting for discussion and approval. Then the new articles will be submitted to the Nova Scotia Legislature for amendment.” Motion Carried; and,

WHEREAS the Legislative Sub-Committee thereby created in 2022 worked with all parties (Board of Commissioners, local Member of the Legislative Assembly, Legislative Counsel Office, and RELC Electors) and successfully implemented in 2023 an amendment to the 1920 Riverport Electric Light Act to increase the Commission’s borrowing capacity to $1,000,000; and,

THEREFORE BE IT RESOLVED that the Board of Commissioners reconvene the Legislative Sub-Committee to:

1. Outline an overall plan, including goals, tasks, milestones, interim documents and reports, and timeframes, to achieve the goal of developing new legislation.

2. Research and develop all options for RELC's sustainable future, including associated pros and cons and financial impact assessments.

3. Consult the community through a process of engagement to share results of the research and seek ideas and feedback.

4. Organise a vote for the Electors to decide which option is preferred.

5. Provide input to the Commissioners for the development of updated legislation.

6. Work with legal and legislative experts to review and give input on proposed legislation.

4. Organise a review and discussion of proposed new legislation by RELC Electors.

THEREFORE BE IT FURTHER RESOLVED that the Legislative Sub-Committee report on its preliminary findings to the Board of Commissioners and the Electors by December 31, 2025.

At the Special meeting in July 23, 2025 this Resolution was further amended to include the inclusion of financial statements to March 31, 2025 in the preliminary findings and the Resolution was passed.

The forum is to discuss the option to look into a borrowing scenario for RELC. The motion is as follows:

WHEREAS Section 45 of the Riverport Electric Light Act provides that,

subject to approval by the membership, the Commission may borrow

up to one million dollars ($1,000,000) for capital purposes through any

financial mechanism including borrowing from a commercial lending

institution or from a municipal, provincial or federal government or

agency; and,

WHEREAS the Commission has incurred or plans to incur significant

capital costs in relation to necessary infrastructure improvement, which

cannot be financed from operations;

THEREFORE BE IT RESOLVED that under the authority of the Riverport

Electric Light Act the Riverport Electric Light Commission borrow a

sum or sums not exceeding one million dollars ($1,000,000) for a period

not exceeding ten (10) years for the purpose of necessary capital

improvement to the utility’s infrastructure.

At the July 23 2025 Special meeting this Resolution was deferred