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Borrowing Bylaw Range Road 260 & Lakeview Business District Servicing (1st Reading)
Presented by: Diane McMordie, Director, Finance & Assessment/CFO
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RECOMMENDATION(S)
recommendation
That Bylaw 41/2020, being a Borrowing Bylaw to finance the design and construction of water, sanitary, stormwater and road infrastructure necessary to support the community amenities site and the Lakeview Business District, be read a first time.
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PURPOSE OF REPORT
To secure the required financing, as per council direction, to provide servicing to the land donated by Rohit which has been designated by the City as the future community amenities site.
ALIGNMENT TO PRIORITIES IN COUNCIL’S STRATEGIC PLAN
Strategic Priority #4: Infrastructure Investment: Identify, build and/or enhance needed critical or strategic infrastructure and identify and implement associated optimal business and operating models and lifecycle strategies
Secure ownership of RR260 lands for a future community amenities site subject to Council approval.
ALIGNMENT TO LEVELS OF SERVICE DELIVERY
N/A
ALIGNMENT TO COUNCIL DIRECTION OR MANDATORY STATUTORY PROVISION
On January 20, 2020, Council passed the following motion
(AR-19-491)
That the Chief Administrative Officer be directed to proceed with a conditional offer and financing options to acquire the lands necessary for a community amenities site of at least 25 contiguous acres within the Range Road 260 Area Structure Plan, subject to Council approval.
On March 23, 2020, Council passed the following motion, a portion which reads
(AR-20-102)
That Administration prioritize accelerating the process of pre design and design for servicing the Range Road 260 lands that Council has approved as the site of a community recreation facility, and that Administration present for Councils consideration on April 6 or as soon as possible thereafter any additional or ancillary approvals needed to advance that initiative, including a borrowing bylaw, if...
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