TAMRMS#: B06
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Bylaw 18/2019 - Ray Gibbon Drive Borrowing Bylaw (1st Reading)
Presented by: Diane McMordie, Director, Finance & Assessment Department
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RECOMMENDATION(S)
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That Bylaw 18/2019, being a Borrowing Bylaw to upgrade Ray Gibbon Drive, be read a first time.
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PURPOSE OF REPORT
At the February 25, 2019 Council Meeting, Council approved a cost sharing arrangement with the Government of Alberta for the upgrading of Ray Gibbon Drive. St. Albert’s share towards the cost of the project is currently estimated at $36.6 million dollars (including a 35% contingency). The intent is to fund this project through borrowing with Alberta Capital Finance Authority (ACFA).
ALIGNMENT TO PRIORITIES IN COUNCIL’S STRATEGIC PLAN
Strategic Priority #3: Building a Transportation Network: Integrated transportation systems.
3.2 Develop the Intelligent Transportation System (ITS) strategy and recommend phased implementation, inclusive of St. Albert Trail, according to our ability to implement quickly.
3.3 Evaluate the arterials networks in St. Albert and recommend improvements.
ALIGNMENT TO LEVELS OF SERVICE DELIVERY
N/A
ALIGNMENT TO COUNCIL DIRECTION OR MANDATORY STATUTORY PROVISION
On February 25, 2019 Council passed the following motion:
(AR-19-160)
That Council approves a cost sharing arrangement with the Government of Alberta for the upgrading of Ray Gibbon Drive from the City’s south boundary to the intersection of Fowler Road, to a 4 lane City arterial standard, on the terms and conditions set out in an agreement effective February 15, 2019 between Her Majesty the Queen in Right of Alberta and the City of St. albert, and that Council hereby ratifies and approves the execution of the said agreement by the Mayor and the Chief Administrative Officer.
BACKGROUND AND DISCUSSION
Ray Gibbon Drive is a main commuter road in St. Albert for traffic from the North to South end of the City. It was first built in 2006 and since that...
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