Motion To: That the Transit Commission recommend Council: 1. Authorize the closing of capital projects listed in Document 1; 2. Return to source the following funding balances and eliminate debt authority resulting from the closing of projects and budget adjustments: a) Transit Capital Reserve $0.558 million; b) Federal Gas Tax Reserve $2.209 million; c) Development Charge revenues $0.402 million; and d) Debt Authority $1.034 million; 3. Permit those projects in Document 2 that qualify for closure, to remain open; and 4. Receive the budget adjustments in Document 3 undertaken in accordance with the Delegation of Authority By-law 2014-435, as amended, as they pertain to capital works.
Vote recorded from Transit Commission on 2016-06-15 regarding agenda item CAPITAL ADJUSTMENTS AND CLOSING OF PROJECTS - TRANSIT COMMISSION.