Nanaimo Builds for the Future Plan Update (Part 2)
Motion
That Council direct Staff to proceed with a Capital Development (Project Execution) Plan and costing for the South End Community Centre and allocated $2 million to undertake this work funded by $675,000 from the Growing Communities Fund and $1,325,000 from the Special Initiatives Reserve.
Sources
Agenda itemCity agenda, whole meeting
Staff reportPage 1
Purpose
To provide Council with an update on potential major capital projects to be funded by long-term borrowing and set context for significant capital expenditures over the short and medium term.
Staff recommendation
That the Finance and Audit Committee recommend that Council: 1. Direct Staff to update Council’s Debt Management Policy to allow for long -term borrowing without electoral approval when the City is within the allowable assent free borrowing limit; 2. Direct Staff to proceed with a Capital Development (Project Execution) Plan and costing for the South End Community Centre and allocate $2 million to undertake this work funded by $675,000 from the Growing Communities Fund and $1,325,000 from the Special Initiatives Reserve; and, 3. Endorse the “Next Steps – Roadmap for Building for the Future” as outlined in the report titled ““Nanaimo Builds for the Future” Plan Update”, dated 2025-SEP-17.
DocumentsStaff report about Economic Development, Arts, Culture & Heritage (Background), Environment & Natural Resources (Next Steps), Governance & Civic Engagement (OPTIONS), Parks & Recreation (Background), Parks & Recreation (Next Steps), Safety & Emergency Services (Financial Considerations), Safety & Emergency Services (Next Steps), Transportation & Mobility (Next Steps)