Mitch had the pleasure of inducting three new members to our Rotary Club.

Very special Occasion to induct all three. Each shared how excited they are to join our club and to give back and contribute to RCO’s efforts to enhance our community

Lynn: reminded us all that on Monday, April 14^th, the RCO social will be hosted by David Hoyle & Family at their facility “Toast”, which is in Burlington at Village Square. Details to be sent out shortly.

Lynn: reminded us that starting in May RCO meetings will be held at the Oakville Golf Course for the remainder of the year.

Karla: their will be a hands-on activity planned for the morning of Saturday, April 26^th in recognition of Earth Day. Location is at Brook Valley Park, beside Kinoak Arena on Warminster Dr. More details will be sent out soon.

Ralf: Encouraged all members to register and attend the 100 Years of Rotary in Oakville Gala on April 30^th. Members from all four Oakville clubs have been working hard to prepare for the event. Invitations have been sent out.

Ralf: Also a reminder that on April 28^th @ 11am the Town of Oakville will be celebrating Rotary week at the Town Hall. There will be an official Rotary Flag raising. Please attend wearing Rotary shirts/hats etc.

Ralf: Another reminder that on April 12^th from 10am to 12 noon we have another session at Global Medic. Invitations were sent out.

 

Fine Master/Happy Bucks: deferred

 

Speaker: Bob Dodds, Chair of the Board for Trafalgar Senior Housing Inc. (TSHI)

 

IMPORTANT REMINDER: THE FOLLOWING IS HIGHLY CONFIDENTIAL

 

Summary of Bob’s message:

 

Bob gave us a brief summary of the Rotary Club of Oakville’s (RCO) history in providing affordable seniors housing for over 60 years in Oakville.

Properties included Rotary Gardens, Woodside Mews, Centennial Towers. In addition a community housing facility, Normandy Place also offered affordable housing.

In appx. 2015 the TSHI board started considering monetizing some or all of the real estate assets due to their age, various risk factors, and the significant challenge for RCO to oversee the properties via TSHI & OCHI.

Rotary Gardens and Normandy Place have been sold to Halton Region since 2015. TSHI has hired Avison & Young as agents to investigate the market for Centennial Towers.

Bob updated the members on potential market value, possible bidders and challenges of overseeing an aging building housing seniors. Bob also described in detail suggested conditions to add to any sale of the property to try and preserve the subsidized housing for current tenants and possibly tenants in the future. Bob invited RCO members to ask questions and share their views on this challenging opportunity.

Bob also mentioned that the two real estate corps, TSHI and OCHI, are merging to simplify matters and reduce costs of having two corps.

 

Thanking the Speaker: Gary Comerford thanked Bob, and every member of the TSHI board for their dedication in overseeing TSHI and for the many hours contributed to monetization of the properties.