HomeMy WebLinkAboutFCS-11-043 - Stimulus Project Extension February 2011REPORT TO:Finance and Corporate Services Committee
DATE OF MEETING:
February 28, 2011
SUBMITTED BY: Dan Chapman, Deputy CAO & City Treasurer
PREPARED BY:
Jaya Chatterjee, Junior Financial Analyst, Financial Planning
WARD(S) INVOLVED: All
DATE OF REPORT: February 25, 2011
REPORT NO.:
FCS-11-043
SUBJECT:
STIMULUS PROJECT EXTENSIONS
RECOMMENDATION:
That the Mayor and Clerk be authorized to execute any amendments that may be required to
the Infrastructure Stimulus Agreements and Recreational Infrastructure Canada Agreements to
address any extensions that may be given under the respective programs, said amendments to
be to the satisfaction of the City Solicitor.
BACKGROUND:
On December 2, 2010, the Government of Canada announced that it would extend the
construction deadline for infrastructure projects under four funding programs: the Infrastructure
Stimulus Fund, the Building Canada Fund Communities Component Top-Up, the Recreational
Infrastructure Canada Program, and the Knowledge Infrastructure Program. The new deadline
is October 31, 2011 instead of March 31, 2011. If the projects receive the extensions, the
contribution agreements have to be amended.
REPORT:
The City submitted requests for extension of project completion deadlines for the following
projects.
Infrastructure Stimulus Fund
McLennan Park Development
Storm Water Infrastructure Rehabilitation
Sewer and Watermain Rehabilitation
Consolidated Maintenance Facility Improvements
Consolidated Maintenance Facility Solar Roof
Recreational Infrastructure Canada Fund
Upgrades to Harry Class Pool Aquatic Facility
Upgrades to the Wilson/ Kingsdale Aquatic Facility
Upgrades to the Bridgeport Community Centre
Staff have been advised by the Province that a resolution to authorize the Mayor and Clerk to
execute amending agreements through the Infrastructure Stimulus Fund and the Recreational
Infrastructure Canada Fund programs is required. In anticipation of receiving approval for
projects requesting an extension, staff are seeking the delegation of authority for Mayor and
Clerk to execute extension amendments to expedite the process.
ALIGNMENT WITH CITY OF KITCHENER STRATEGIC PLAN:
Foundation: Efficient and Effective Government
Goal: Financial Management
Strategic Direction: Invest and manage assets strategically
FINANCIAL IMPLICATIONS:
N/A
COMMUNITY ENGAGEMENT:
N/A
ACKNOWLEDGED BY:
Dan Chapman, Deputy CAO & City Treasurer (Finance and Corporate
Services)