Legacy MLC Business Plan LegacyMLC_Business_Plan_040119 | Page 2
LAC STE. ANNE COUNTY
LEGACY MUNICIPAL LAND CORPORATION
Municipally Controlled Corporation Business Plan
March 2019
Executive Summary........................................................................................3
Mandate.........................................................................................................4
Scope of Services ............................................................................................................................... 4
Service Delivery Area ........................................................................................................................ 4
Vision ....................................................................................................................................................... 4
Mission .................................................................................................................................................... 4
Principles ............................................................................................................................................... 4
Governance....................................................................................................5
Municipally Controlled Corporation ........................................................................................... 5
Shareholders ........................................................................................................................................ 5
Board Structure ................................................................................................................................... 5
Voting ...................................................................................................................................................... 5
Dissolution ....................................................................................................................................... 5
Impact of Control ................................................................................................................................ 5
Financial Strategy...........................................................................................6
5-Year Budget ....................................................................................................................................... 6
Costs Relating to Establishing the MCC .................................................................................... 7
Municipal Assets to be Transferred to the MCC .................................................................. 7
Initial Project – ORMC Facility ......................................................................................................... 7
Performance Measures .................................................................................................................... 7
Risks and Risk Management..........................................................................8
Political Risk.............................................................................................................................................8
Revenue Risk...........................................................................................................................................8
Cashflow Risk..........................................................................................................................................8
Staffing Risk...........................................................................................................................................8
Market Impact Analysis.........................................................................................................................8
Next Steps.......................................................................................................9
Public Hearing.........................................................................................................................................9
Approval...................................................................................................................................................9
Forecasted Timelines.............................................................................................................................9