Item Information
Title:CAPITAL BUDGET ADJUSTMENTS AND CLOSING OF PROJECTS – CITY TAX AND RATE SUPPORTED

Item #: Status:
Type:1 1 #:
Version:2nd Sponsor:
Meeting Date:2018-Jun-13 2018-Jun-13 2 Ward:
Meeting Type:City Council Video:No Video Available
Attachments:Minute Extract.docx    Document 1.pdf    Document 2.pdf    Document 3.pdf    Document 4.pdf    Document 5.pdf    
Text
History
 VersionItem #TypeStatusMeeting DateMeeting Type
 1st12018-Jun-05FEDC
 2nd12018-Jun-13City Council
Vote Records
Passed    Motion To: COMMITTEE RECOMMENDATIONS That Council: 1. Authorize the closing of capital projects listed in Document 1; 2. Approve the budget adjustments as detailed in Document 2; 3. Return to source (funding required) the following funding balances and eliminate debt authority resulting from the closing of projects and budget adjustments: - Tax Supported reserves $3.1 million, - Rate Supported Reserves $36.9 million, - Development Charge revenues $15 million, and - Debt Authority $15.2 million; 4. Permit those projects in Document 3 that qualify for closure, to remain open;. 5. Receive the budget adjustments in Document 4 undertaken in accordance with the Delegation of Authority By-law 2016-369, as amended, as they pertain to capital works; 6. Approve that $1 million of City Wide Capital reserve returned funds be transferred to the Asphalt Repair program; and 7. Approve additional authority of $300 thousand for the Autonomous Vehicle Test Track works, as described in this report, to be funded from the City Wide Capital reserve.
(Councillor / Conseiller) S. Moffatt  Yes
(Councillor / Conseiller) R. Chiarelli  Yes
(Councillor / Conseiller) E. El-Chantiry  Yes
(Councillor / Conseiller) D. Chernushenko  Yes
(Councillor / Conseiller) S. Blais  Yes
(Councillor / Conseiller) M. Fleury  Yes
(Councillor / Conseiller) M. Taylor  Yes
(Councillor / Conseiller) B. Monette  Yes
(Councillor / Conseillère) J. Harder  Yes
(Councillor / Conseiller) J. Cloutier  Yes
(Councillor / Conseiller) R. Brockington  Yes
(Councillor / Conseiller) G. Darouze  Yes
(Councillor / Conseillère) M. Wilkinson  Yes
(Councillor / Conseiller) S. Qadri  Yes
(Councillor / Conseiller) K. Egli  Yes
(Councillor / Conseillère) D. Deans  Yes
(Councillor / Conseiller) J. Mitic  Absent
(Councillor / Conseiller) T. Tierney  Yes
(Councillor / Conseiller) J. Leiper  Yes
(Councillor / Conseiller) A. Hubley  Yes
(Mayor / Maire) J. Watson  Yes
(Councillor / Conseillère) C. McKenney  Yes
(Councillor / Conseiller) T. Nussbaum  Yes
(Councillor / Conseiller) M. Qaqish  Yes