# Hamilton Renewable Power Inc. Shareholder approves The Corporation be authorized and be directed to enter into a forgivable loan agreeme... 14-0

Hamilton Renewable Power Inc. sought authorization for a forgivable loan from the City to support its biogas-to-energy operations and transition strategy.

Published: 2026-08-07T06:20:29.222Z
Edition: hamilton
Canonical: https://localwire.ca/hamilton/2026-08-31-hamilton-renewable-power-inc-shareholder-approves-the-corporation-be-aut/
Publisher: Local Wire

## Record

Meeting: Hamilton Renewable Power Inc. Shareholder
Date: Monday, August 31, 2026
Item: MOTION,
Result: Carried 14-0

## Report

Hamilton Renewable Power Inc. is a wholly owned municipal corporation of the City of Hamilton responsible for converting biogas generated at the Woodward Wastewater Treatment Plant and the Glanbrook Landfill into renewable energy. The report was prepared to seek Sole Shareholder authorization to enter into a forgivable loan agreement with the City of Hamilton in an amount not to exceed $1,500,000 to support the corporation's operations and implementation of the Board-approved transition strategy.

The report stated there are no legal impediments associated with entering into the proposed forgivable loan agreement, subject to the agreement being finalized in a form satisfactory to the corporation’s solicitor. It also stated that the Sole Shareholder could direct HRP Inc. to enter into a repayable loan agreement rather than a forgivable loan agreement.

The motion, as recorded in the minutes:

```
(i) BE IT RESOLVED that Corporation Report #HRP26007 (attached hereto as Schedule “C”) be received and the recommendations contained therein be approved, namely that: Hamilton Renewable Power Inc. Shareholder August 31, 2026 Minutes HRPS 26-001 Page 4 of 5 (1) The Corporation be authorized and be directed to enter into a forgivable loan agreement with the City of Hamilton in an amount not to exceed One Million Five Hundred Thousand Dollars CDN ($1,500,000 CDN) and the President of the Corporation, or designate, be authorized and be directed to execute, on behalf of the Corporation, all documents and agreements necessary to implement the foregoing, substantially in accordance with the information set out in Report HRP26007, all in a form satisfactory to the Corporation’s solicitor. (e) CONFIRMATORY ACTIONS (i) BE IT RESOLVED that the officers of the Corporation are, and each acting alone is, hereby authorized to do and perform any and all such acts, including execution of any and all documents and certificates, as such officers shall deem necessary or advisable, to carry out the purposes and intent of the foregoing resolutions. (ii) THE FOREGOING RESOLUTIONS are hereby consented to by the Shareholder of the Corporation pursuant to the provisions of the Business Corporations Act (Ontario). (iii) DATED the 31st day of August 2026.
```

Every figure above comes from the [official minutes](https://pub-hamilton.escribemeetings.com/FileStream.ashx?DocumentId=510294) and the recorded vote they contain. The roll call shows how each member voted.

How this report was made: a language model drafted it from 4 claims extracted verbatim from the meeting's own documents, and a second model checked every sentence against those claims. Nothing outside the cited documents reaches this page. The vote record above is parsed directly from the minutes and is not drafted.

## Sources

[1] HRPS Minutes 26-001 (August 31, 2026): Hamilton Renewable Power Inc. Shareholder, Monday, August 31, 2026 — https://pub-hamilton.escribemeetings.com/FileStream.ashx?DocumentId=510294
[2] Hamilton Renewable Power Inc. Shareholder, Monday, August 31, 2026 (City of Hamilton eSCRIBE meeting record) — https://pub-hamilton.escribemeetings.com/Meeting.aspx?Id=81f35485-6b59-4464-9b5b-895a2617ade6&lang=English