Town of Newmarket

Minutes

Special Council Meeting - Electronic

Meeting #:

Date:

Monday, March 02, 2026

Time:

9:00 A.m. - 10:00 A.m.

Location:

Streamed live from the Municipal Offices

395 Mulock Drive

Newmarket, ON L3Y 4X7

Members Present:

• Mayor Taylor
• Deputy Mayor & Regional Councillor Vegh
• Councillor Simon
• Councillor Woodhouse
• Councillor Twinney
• Councillor Morrison
• Councillor Kwapis
• Councillor Broome
• Councillor Bisanz

Staff Present:

• I. McDougall, Chief Administrative Officer
• E. Armchuk, Commissioner of Corporate Services
• P. Noehammer, Commissioner of Development & Infrastructure Services
• K. Saini, Manager of Legislative Services/Deputy Town Clerk
• A. Tang, Director of Financial Services/Treasurer
• K. Reynar, Director of Legal and Procurement Services
• S. Granat, Legislative Coordinator
• E. Thomas-Hopkins, Legislative Coordinator

For consideration by Council on March 2, 2026.

The meeting was called to order at 9:02 AM.

Mayor Taylor in the Chair.

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1.

Notice

Mayor Taylor advised that the Municipal Offices were open to the public, and that members of the public could attend this meeting in person or view the live stream available at Newmarket.ca/meetings. Residents who would like to provide comment on an item on this agenda were encouraged to provide their feedback in writing through email to Legislative Services at or by providing a deputation electronically or in-person. He advised residents that their comments would form part of the public record.

2.

Additions & Corrections to the Agenda

The Deputy Clerk provided the following additions to the agenda:

• Item 4.1 – Presentation – NT Power – presentation materials were added
• Item 4.2 – Presentation – NT Power – presentation materials were added
• Item 5.1 – NT Power – report materials were added

• Moved by: Councillor Woodhouse
  Seconded by: Deputy Mayor & Regional Councillor Vegh
  1. That the additions to the agenda be approved. 
  
  
  
  Carried

3.

Conflict of Interest Declarations

None.

4.

Presentations

4.1

NT Power

Mayor Taylor provided introductory marks including an overview of the NT Power process to date.

Brooke Thiessen, Deloitte LLP provided a presentation regarding NT Power including an overview of the electric utility landscape, electric utilities industry overview, energy trends, current state of Ontario's energy sector, background on the transaction, an overview of the Alectra offer, financial considerations of the transaction, transaction rationale, and key considerations of a transaction with Alectra. 

4.2

NT Power

Mark Rodger, Borden Ladner Gervais LLP provided a presentation regarding NT Power including transaction background, go-shop process, timeline, go-shop results, summary of Securities Purchase Agreement, key agreement terms, employment guarantees, and Ontario Energy Board approval timeline.

Members of Council thanked Staff and queried the presenter regarding Ontario Energy Board approval timelines. 

5.

Items

5.1

NT Power

• Moved by: Deputy Mayor & Regional Councillor Vegh
  Seconded by: Councillor Woodhouse
  1. That the presentation from Mark Rodger of Borden Ladner Gervais LLP (“BLG”) dated March 2, 2026, be received; and,

  2. That the presentation from Brooke Thiessen of Deloitte LLP dated March 2, 2026, be received; and,

  3. That the report entitled NT Power First of a Kind Venture with Alectra dated March 2, 2026 be received.
     
  
  
  
  Carried

6.

Closed Session (If Required) 

Council did not resolve into Closed Session.

7.

Confirmatory By-law

• Moved by: Councillor Simon
  Seconded by: Councillor Morrison
  1. That by-law 2026-08 be enacted. 
  
  
  
  Carried

8.

Adjournment

• Moved by: Councillor Bisanz
  Seconded by: Councillor Broome
  1. That the meeting be adjourned at 10:08 AM. 
  
  
  
  Carried