Item - 2011.EX7.3

City Council on July 12, 13 and 14, 2011, adopted the following:

1.         City Council appoint the City Manager or his designate as the City’s proxy holder for the purposes of the annual shareholders’ and special meeting of Enwave Energy Corporation (“Enwave”) to be held on July 20, 2011 and any adjournment of that meeting and direct the proxy holder to attend same and vote:

             a.        to approve the minutes of the 2009 Annual Meeting held on February 17, 2011;

b.         to receive the annual audited financial statements of Enwave for the fiscal year ended October 31, 2010 together with the auditor’s report on those statements;

c.         to receive Enwave's unaudited financial statements for the first quarter ended January 31, 2011;

d.         to reappoint Ernst & Young LLP, Chartered Accountants as Enwave’s auditor, and authorize the directors of Enwave to fix the auditor's remuneration; and

e.         at the proxy holder's discretion on any minor amendment or minor variation to matters specified in the notice of such meeting or on any other minor matter that may properly come before such meeting or any adjournment thereof.

2.         City Council authorize and direct the Deputy City Manager and Chief Financial Officer and the City Clerk to execute on behalf of the City the common share proxies substantially in the form of Attachment 2 and Confidential Attachment 5 to the report (June 1, 2011) from the City Manager.

3.         City Council receive the confidential report of the Deputy City Manager and Chief Financial Officer, dated May 3, 2011 entitled "Enwave Energy Corporation – Financial Statements", being Attachment 6 to the report (June 1, 2011) from the City Manager.

4.         City Council adopt the recommendations in the confidential report of the Deputy City Manager and Chief Financial Officer dated May 3, 2011 entitled "Enwave Corporate Reorganization", being Attachment 7 to the report (June 1, 2011) from the City Manager.

5.         City Council direct that the contents of Confidential Attachment 6 to the report (June 1, 2011) from the City Manager be kept in their entirety confidential after the consideration of this report by Council except as routinely disclosed in the “Government Business Enterprises” section of the City’s Consolidated Financial Statements.

6.         City Council direct that the contents of Confidential Attachments 4, 5 and 7 to the report (June 1, 2011) from the City Manager be kept confidential in their entirety after consideration of this report by Council.

Confidential Attachments 4, 5 and 7 to the report (June 1, 2011) from the City Manager remain confidential in their entirety in accordance with the provisions of the City of Toronto Act, 2006, as they relate to the security of the property of the municipality or local board.

Confidential Attachment 6 to the report (June 1, 2011) from the City Manager remains confidential in its entirety in accordance with the provisions of the City of Toronto Act, 2006, as it relates to the security of the property of the municipality or local board except as routinely disclosed in the “Government Business Enterprises” section of the City’s Consolidated Financial Statements.