Budget Steering Committee 
 

DEPARTMENT:
Budget Steering Committee
REPORT NUMBER:
2018-18-BSC
PREPARED BY: Bill de Wit, Division Manager, Municipal Works 
REPORT DATE: 01/31/2018
MEETING DATE: Feb 05, 2018 04:00 PM - Budget
 
SUBJECT:Municipal Works - Yard Redevelopment Plan


 



PURPOSE

To provide the Budget Steering Committee with a ten-year expenditure forecast associated with the Municipal Works Yard Redevelopment as requested at the meeting of January 25, 2018.



INFORMATION

This report will outline the projected annual expenditures to be financed over the next ten-year period in order to complete the redevelopment of the Municipal Works Yard. It should be noted that the expenditures associated with this project have been included in the Long Term Financial Plan (LTFP).

STATEGIC PRIORITY IMPLICATIONS

This project can be linked to Pillar 2 – Economic Development, Section C - Infrastructure Strategy. The Municipal Works Yard and resources fulfil key routine Level of Service needs for the City and its Citizens as well as critical support for emergency situations involving the City’s infrastructure.

BACKGROUND/DISCUSSION

At its meeting of January 25, 2018, the Budget Steering Committee passed a motion requesting Administration to provide a ten-year expenditure forecast associated with the Municipal Works Yard Redevelopment.

The Capital Forecast associated with the Municipal Works Yard Redevelopment which was presented to the Budget Steering Committee indicated estimated allotments of
$1 M per year - subject to the phasing and components of the project undertaken each year and the duration of the project. Upon initiation of the project, it was recognized that the Capital Forecast presented did not reflect the proposed capital allocation of approximately $3 M per year in the LTFP. The LTFP has been set up to fund this project through debt financing. Accordingly, the following Table depicts the proposed ten-year expenditure plan which is aligned with the funding allocated in the LTFP.

This budget distribution schedule is based on information developed by Aecom Canada Limited Consulting Engineers as part of an Environmental Assessment study conducted on behalf of the City of Cornwall - completed in late 2016. The study provided a planning level review of the existing facilities and assessed the need for upgrades or replacement and associated cost estimates. It should be noted that the proposed ten-year forecast included contingency provisions, both in terms of schedule and budget, to allow for unanticipated factors encountered as the project proceeded; such as, senior levels of funding (eg. successful grant application for “shovel ready” projects), environmental compliance requirements (eg. remediation of contaminated soils), encountered technical problems (eg. relocation of existing utilities) etc.



















Approval

February 01, 2018 04:24 PM
John St Marseille
General Manager, Infrastructure and Municipal Works
February 01, 2018 05:09 PM
Tracey Bailey
General Manager, Financial Services
February 01, 2018 05:10 PM
Maureen Adams
Chief Administrative Officer