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Finance and Economic Development Committee
June 5, 2018
What was decided (3 motions)
3 carried, 0 recorded otherwise. Every motion below is printed as the minutes print it.
THEREFORE BE IT RESOLVED that the Finance and Economic Development Committee (FEDC) waive the Rules of Procedure to receive the presentations listed as Items 1, 2 and 3 on today’s FEDC agenda, and, pursuant to Subsection 83(4)(a), dispense with the requirement for staff to provide a separate written report on these presentations.
Moved by Councillor E. El-Chantiry
Carried
THEREFORE BE IT RESOLVED that the Finance and Economic Development Committee (FEDC) approve the addition of this item to consider the report titled “Capital Budget Adjustments and Closing of Projects – City Tax and Rate Supported (ACS2018-CSD-FIN-0014) listed as item 8 on today’s agenda, pursuant to Sub-Section 89(3) of the Procedure By-Law.
Moved by Councillor E. El-Chantiry
Carried
WHEREAS report ACS2018-PIE-IS-0007 was posted with the committee agenda on Tuesday May 29th; and WHEREAS a column on Table 3 was omitted in the final document; THEREFORE BE IT RESOLVED that Table 3 be amended to add the column titled “Parking Facility Cost/(Revenue)” as indicated below: Table 3: Estimated debt funding requirement Library Cost/(Revenue) Parking Facility Cost/(Revenue) City/OPL Share of Building $104,235,600 $18,132,900 Reserves (1,000,000) (3,667,000) Development Charges (3,240,000) - Proceeds from Sale of Land (20,000,000) - Total Debt Funding Requirement $79,995,600 $14,465,900