TAMRMS#: B06
9.2
title
Bylaw 35/2021 Solar Farm Borrowing Bylaw (2nd & 3rd Readings)
Presented by: Kevin Scoble, Chief Administrative Officer
label
RECOMMENDED MOTIONS
recommendation
1. That Bylaw 35/2021, being a Borrowing Bylaw to design and construct a Solar Farm, be read a second time.
2. That Bylaw 35/2021 be read a third time.
body
PURPOSE OF REPORT
To recommend second and third readings of a borrowing bylaw to allow the City to secure debenture financing for the design and construction of a Solar Farm on the City owned Badger Lands in northwest St.Albert. Several decision gates will be available to Council as the project progresses through the planning stage.
ALIGNMENT TO PRIORITIES IN COUNCIL’S STRATEGIC PLAN
Strategic Priority #4: Infrastructure Investment: Identify and build needed capital assets.
Related Corporate Business Plan Initiative: Identify and recommend opportunities for investment in long-term revenue generating infrastructure.
Strategic Priority #6: Environmental Stewardship: Explore innovative environmental and conservation opportunities.
ALIGNMENT TO LEVELS OF SERVICE DELIVERY
N/A
ALIGNMENT TO COUNCIL DIRECTION OR MANDATORY STATUTORY PROVISION
On June 21, 2021 Council passed the following motions:
(AR-21-280)
1. That Council receive the Solar Farm Update report dated June 21, 2021 as information.
2. The Project Charter ENV-004 is approved for 26.1 million to be funded through borrowing bylaw 35-2021.
On June 21, 2021 Council passed the following motion:
(BL-21-039)
1. That Bylaw 35/2021, being a Borrowing Bylaw to design and construct a Solar Farm, be read a first time.
On August 17, 2020 Council passed the following motions:
(CB-20-054)
1. That $200K be funded from the stabilization reserve to support the preliminary and detailed design requirements of the full-scale Solar Farm.
2. That Administration provide an update to Council, upon the completion of the detailed design of the Solar Farm, by Q2 2021.
3. ...
Click here for full text