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
Absent/RecusedJ. Mitic (a)
Vote recorded from City Council on 2018-06-13 regarding agenda item CAPITAL BUDGET ADJUSTMENTS AND CLOSING OF PROJECTS - CITY TAX AND RATE SUPPORTED.