TAMRMS#: B06
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Bylaw 22/2021 Bylaw - Fire Hall Station 4 Borrowing Bylaw (1st reading)
Presented by: Diane McMordie, Director, Financial Services & Information Technology/CFO
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RECOMMENDATION(S)
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1. That $2,250,000 be approved from the Off-Site Levy Recovery Fund to support the land purchase for Fire Hall #4 and future TOD site.
2. That upon successful execution of Bylaw 22/2021, the related funds for the land purchase shall be secured though said debt and the Off-Site Levy Recovery fund shall be reimbursed for the funds advanced.
3. That Bylaw 22/2021, being a Borrowing Bylaw to design and construct Fire Hall Station #4 and purchase related equipment and land, be read a first time.
4. That, notwithstanding City Council Policy C-CAO-22 Borrowing Bylaw Advertising, Bylaw 22/2021 be initially advertised on April 14, 2021.
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PURPOSE OF REPORT
At the December 16, 2019 Council Meeting, Council approved the Municipal and Utility budgets for 2020, which included 4 capital charters for the construction of Fire Hall Station #4 and related equipment/vehicles.
The total costs for all 4 capital charters is estimated at $26.5 million dollars (including a 25% contingency). The intent is to fund this project through borrowing through the Alberta Treasury Board.
ALIGNMENT TO PRIORITIES IN COUNCIL’S STRATEGIC PLAN
Strategic Priority #4: Infrastructure Investment: Identify and build needed capital assets.
Update and implement the Capital Plan based on an assessment of community needs and financial capacity, including a review of all funding options and shared use opportunities.
ALIGNMENT TO LEVELS OF SERVICE DELIVERY
Fire Response
Response to all types of emergency events including fire, rescue, Medical First Response, service calls, dangerous goods release, motor vehicle accident and ice/water rescue.
ALIGNMENT TO COUNCIL DIRECTION OR MANDATORY STATUTORY PROVISION
On December 16, 2019, Council passed the following motion:...
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