January 27 - 09:30

Transit Commission

Notices and meeting information for meeting participants and the public
Notices and meeting information are attached to the agenda and minutes, including: availability of simultaneous interpretation and accessibility accommodations; in camera meeting procedures; information items not subject to discussion; personal information disclaimer for correspondents and public speakers; notices regarding minutes; and remote participation details. Accessible formats and communication supports are available, upon request. Except where otherwise indicated, reports requiring Council consideration will be presented to Council on February 1, 2023 in Transit Commission Report 1. The deadline to register by phone to speak, or submit written comments or visual presentations is 4 pm on January 26, 2023, and the deadline to register to speak by email is 8:30 am on January 27, 2023.
Declarations of Interest
Council Referral
Financial Update for Zero-Emission Bus Program Funding
ACS2023-FSD-FIN-0001 - Citywide Referred from the City Council meeting of January 25, 2023. Report Recommendation(s) That Council approve: Additional budget authority for the Zero-Emission Bus (ZEB) Program in the amount of $425 million; $350 million from the Infrastructure Canada (INFC) grant and $75 million drawdown on the Canada Infrastructure Bank (CIB) credit facility.  The budget adjustment of $55,015,000 transferring funding from the existing 2022 approved Bus Replacement budget to the ZEB Program Budget. That the General Manager, Transit Services, as part of the annual budget process, request the City’s share of the ZEB funding requirements and accompanying CIB financing amount for each subsequent tranche of the ZEB purchases required from 2024 to 2025. That the Chief Financial Officer/Treasurer be authorized to establish a ZEB Program Reserve, as described in this report, to facilitate the repayment of the CIB loan and replacement batteries from accrued savings, as required by the CIB loan agreement.
Adjournment
Next Meeting Thursday, February 9, 2023.