Taken from the roll call in the town’s own minutes. The minutes record who was not there and almost never why.
What was decided (1 motion)
1 carried, 0 recorded otherwise. Every motion below is printed as the minutes print it.
WHEREAS additional capital adjustments were identified after the agenda was released on January 30, 2024, which require changes to the Report and supporting Document 1; WHEREAS these capital adjustments have a net zero impact on the overall financials noted in the report but require Council approval; WHEREAS the revised Report and Document 1 were distributed to Council and published on the City’s agendas and minutes web portal on February 7, 2024; THEREFORE BE IT RESOLVED THAT the Transit Commission amend the section entitled “Recommendation 1 - Budget Adjustments Requiring Council Approval” of the Report as follows: Document 1 presents the budget adjustments requiring Council approval. The overall impact of the departmental budget adjustments is a net decrease of $27.731 million in the previously approved net budget authority for the projects listed in Document 1. This resulted in capital funding decreases from Transit Capital reserves of $21.474 million and $6.635 million of transit debt plus funding increases of $378,000 for development charges. Included is a transfer of capital authority in support of 2024 costs to recruit, train and onboard additional operating staff to maintain service reliability, open O-Train Lines 2 and 4 in 2024 and be ready to test and open the eastern extension of O-Train Line 1 in 2025. The reduction in capital accounts from which the transfers would be made will not have an effect on transit service quality. The return of funds to reserves will