File #: CB-17-012    Version: 1 Name:
Type: Committee Business Status: Passed
File created: 5/3/2017 In control: City Council
On agenda: 5/15/2017 Final action: 5/15/2017
Title: SCW Recommendation: Ray Gibbon Drive Capital Project Reconciliation Presented by: Diane McMordie, Director of Financial Services
Attachments: 1. Agenda Report - Ray Gibbon Drive Capital Project Reconciliation (Previously Distributed), 2. Ray Gibbon Drive Debenture Retirement Analysis (Previously Distributed)

TAMRMS#:  B06

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SCW Recommendation: Ray Gibbon Drive Capital Project Reconciliation

Presented by: Diane McMordie, Director of Financial Services

 

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RECOMMENDATION(S)

recommendation

 

That $6,736,728 currently committed to the Ray Gibbon Drive (RGD) project be uncommitted within the Capital Reserve to be available for future RMR or Growth capital projects in 2018 and beyond.

 

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PURPOSE OF REPORT

 

At the May 8, 2017 Standing Committee of the Whole Meeting the above recommendation was forwarded to Council for their consideration.

 

 

 

Report Date:  May 15, 2017

Author(s): Diane McMordie, Director of Financial Services

Committee/Department: Corporate Services

General Manager: Michelle Bonnici

City Manager:  Kevin Scoble