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File #: AR-20-127    Version: 1 Name:
Type: Agenda Reports Status: Passed
File created: 3/31/2020 In control: Community Growth & Infrastructure Standing Committee
On agenda: 6/9/2020 Final action: 6/9/2020
Title: Capital Funding Campaigns Presented by: Ashleigh Campbell, Financial Operations Controller Anna Royer, Sr. Advisor Grants & Partnerships
Attachments: 1. C-FS-17 Alternative Capital Financing - Clean Version, 2. C-FS-17 Alternative Capital Financing - Red Line Version
TAMRMS#: B09


title
Capital Funding Campaigns
Presented by: Ashleigh Campbell, Financial Operations Controller
Anna Royer, Sr. Advisor Grants & Partnerships


label
RECOMMENDATION(S)
recommendation
1. That the Community Growth & Infrastructure Standing Committee recommend to Council that the proposed amendments to Policy C-FS-17 Public Private Partnership (P3) as outlined in Attachment 1 be approved.
2. That the Community Growth & Infrastructure Standing Committee recommend to Council that the proposed amendments to Policy C-FS-17 Public Private Partnerships (P3) serve to address the intent of Council motion AR-19-172, which was to bring forward a Council Policy regarding community facility partnerships.
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PURPOSE OF REPORT
The purpose of this report is to address the 2019 Council motion to develop a policy pertaining to community facility partnerships. Administration is seeking to confirm that the proposed amendments and enhanced re-purposing of the current P3 Policy into a broader governance policy which may increase joint venture opportunities utilizing Alternative Capital Financing arrangements is supported by the Community Growth & Infrastructure Standing Committee.

While the policy would be applicable for significant community facility partnerships, it will also now serve as a governance framework to manage relationships and arrangements between the City of St. Albert and private and/or not-for-profit entities in the provision of significant infrastructure development and operations sponsored by the City.


ALIGNMENT TO COUNCIL STRATEGIC PRIORITY
N/A

ALIGNMENT TO SERVICE DELIVERY
N/A


ALIGNMENT TO COUNCIL (OR COMMITTEE) DIRECTION OR MANDATORY STATUTORY PROVISION
On June 17, 2019 Council passed the following motions:
(AR-19-172)
That the deadline for bringing forward to Council a Council Policy regarding community facility partnerships be extended from a June 2019 Council meeting to a June 2020 Council meeting.

BACKGROUND AND DISCUSSI...

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