Share to Facebook Share to Twitter Bookmark and Share
File #: AR-20-237    Version: 1 Name:
Type: Agenda Reports Status: Agenda Ready
File created: 5/26/2020 In control: City Council
On agenda: 6/15/2020 Final action:
Title: 10 Year Utility RMR Capital Plan Presented by: Diane McMordie, Director, Finance & Assessment/CFO
Attachments: 1. 10 Year Utility Capital Plan.Final
TAMRMS#: B06

title
10 Year Utility RMR Capital Plan
Presented by: Diane McMordie, Director, Finance & Assessment/CFO

label
RECOMMENDED MOTIONS
recommendation

1. That the 10 Year Utility RMR Capital plan provided as an attachment to the July 6, 2020 agenda report titled “10 Year Utility RMR Capital Plan” be approved.

2. That the following postponed motion be approved:
(PM-21-002)

“That the 2021 Utility Municipal Capital Budget of 11 capital RMR projects be funded in the amount of $19,127,000.”

body
PURPOSE OF REPORT
This report presents 10 Year Utility RMR (Repair, Maintain, Replace) plan as originally presented to Community Growth & Infrastructure Standing Committee (CGIS) on June 9, 2020 for Council consideration of the 2021 Utility RMR Capital Plan.


ALIGNMENT TO PRIORITIES IN COUNCIL’S STRATEGIC PLAN
Strategic Priority #4: Infrastructure Investment: Identify and build needed capital assets.

ALIGNMENT TO LEVELS OF SERVICE DELIVERY
Financial Planning
Stewardship of development of annual operating and capital budgets for Municipal and Utility operations.


ALIGNMENT TO COUNCIL DIRECTION OR MANDATORY STATUTORY PROVISION
On June 9, 2020 CGIS passed the following motions:

(AR-20-200)

That Community Growth & Infrastructure Standing Committee recommend to Council:
That the 10 Year Utility RMR Capital plan provided as an attachment to the June 9, 2020 agenda report titled "10 Year Utility RMR Capital Plan" be received as information.

That Council members submit any motions for proposed amendments to the 10 Year Utility RMR plan to Administration by June 17, 2020.

That Administration prepare backgrounders for proposed changes to the 10 Year Utility RMR Plan and present to Council at the July 6, 2020 meeting for consideration of approval.

Council Policy C-FS-05 Budget and Taxation Guiding Principles

Service Standards/Expectations

3-Municipal and Utility capital budgets shall be prepared and approved by Council for a rolling ten (10) year perio...

Click here for full text