Public Works Yard Updates - Project Borrowing Bylaw Part 2
Motions decided by one vote
That “Public Works Yard Updates Borrowing Bylaw No. 7450” (to authorize the borrowing of up to $76,680,000 for the construction of the Public Works Yard Updates), pass first reading.
That “Public Works Yard Updates Borrowing Bylaw No. 7450”, pass second reading.
That “Public Works Yard Updates Borrowing Bylaw No. 7450”, pass third reading.
The City’s vote record words it differently
That Public Works Yard Updates Borrowing Bylaw No. 7450 (to authorize the borrowing of up to $76,680,000 for the construction of the Public Works Yard Updates) pass first, second, and third reading.
This vote follows the minutes. The City’s vote record differs.
Sources
Agenda itemCity agenda, whole meeting
Staff reportPage 1
Purpose
To seek direction from Council to proceed with the Public Works Yard Updates project to completion.
Staff recommendation
1. That Council direct Staff to increase the budget for the Public Works Yard Updates project by $77,675,000 in the 2026 – 2030 Financial Plan funded by: a. $726,350 from the General Asset Management Reserve Fund; b. $89,550 from the Sewer Operating Reserve; c. $179,100 from the Water Operating Reserve; and, d. $76,680,000 in long-term borrowing. 2. That “Public Works Yard Updates Borrowing Bylaw No. 7450” (to authorize the borrowing of up to $76,680,000 for the construction of the Public Works Yard Updates) pass first reading. 3. That “Public Works Yard Updates Borrowing Bylaw No. 7450” pass second reading. 4. That “Public Works Yard Updates Borrowing Bylaw No. 7450” pass third reading. 5. …
DocumentsStaff report about Economic Development