HomeMy WebLinkAboutFin & Corp Svcs - 2006-05-01FINANCE & CORPORATE SERVICES COMMITTEE MINUTES
MAY 1, 2006 CITY OF KITCHENER
The Finance and Corporate Services Committee met this date, commencing at 2:05 p.m.
Present: Councillor B. Vrbanovic -Chair
Mayor C. Zehr and Councillors M. Galloway, J. Smola and C. Weylie. Councillor G.
Lorentz entered the meeting after its commencement.
Staff: C. Ladd, Chief Administrator
S. Turner, Interim General Manager, Corporate Services
P. Houston, General Manager, Financial Services & City Treasurer
R. Browning, General Manager, Development & Technical Services & Fire Chief
A. Pappert, General Manager, Community Services
R. Gosse, Director of Legislated Services and City Clerk
J. Evans, Director of Revenue
K. Weiss, Director of Business Development
D. Paterson, Director of Human Resources
R. Regier, Executive Director of Economic Development
P. Harris, Manager of Licensing
S. Wright, Manager of Downtown Community Development
T. Turner, Manager Employee Strategies
L. Lynch, Manager of Engineering Infrastructure
T. Beckett, Deputy Fire Chief
T. Konstantinidis, Supervisor of Parking Operations
J. MacDonald, Technical Analyst
J. Billett, Committee Administrator
1. CRPS-06-067 -REQUEST PERMISSION TO SELL REFRESHMENTS
- VICTORIA PARK -MAY 2$, 2006
- WORLD PARTNERSHIP WALK
The Committee considered Corporate Services Department report CRPS-06-067, dated April
20, 2006 regarding a request to sell refreshments in Victoria Park and granting of a noise
exemption in respect to the event.
On motion by Mayor C. Zehr -
it was resolved:
"That the request of the World Partnership Walk to sell refreshments in Victoria Park on
May 28, 2006 be approved, provided the necessary licence is obtained, including
Health and Fire approvals; and further,
That the World Partnership Walk be granted an exemption from Chapter 450 (Noise) of
the City of Kitchener Municipal Code in conjunction with an event in Victoria Park on
May 28, 2006 from 11:00 a.m. to 3:00 p.m."
2. CRPS-06-06$ -REQUEST FOR COMMUNITY FESTIVAL DESIGNATION
- OUR LADY OF PATINA FESTIVAL -SEPTEMBER 2 & 3, 2006
- 154$ FISCHER-HALLMAN ROAD. KITCHENER
The Committee considered Corporate Services Department report CRPS-06-068, dated April
20, 2006 regarding a request for declaration of a community festival and issuance of a liquor
licence for an event at 1548 Fischer-Hallman Road.
On motion by Mayor C. Zehr -
it was resolved:
"That the City of Kitchener has no objection to a liquor licence being issued to Our Lady
of Fatima Festival Committee for an event to be held September 2 & 3, 2006 at 1548
Fischer-Hallman Road, Kitchener, provided a building permit is obtained for the erection
of any tents; and further,
That the event be declared a "Community Festival" for the purpose of applying for a
liquor licence, since this is a traditional Portuguese celebration of their heritage that
promotes unity and understanding within our community."
FINANCE & CORPORATE SERVICES COMMITTEE MINUTES
MAY 1, 2006 - 75 - CITY OF KITCHENER
3. CRPS-06-069 -REQUEST TO HOLD SPECIAL EVENT -JULY 29, 2006
- HOLY TRINITY SERBIAN ORTHODOX CHURCH
The Committee considered Corporate Services Department report CRPS-06-069, dated April
21, 2006 concerning a request to operate a special event at 700 Fischer-Hallman Road and
issuance of a liquor licence.
On motion by Mayor C. Zehr -
it was resolved:
"That the Holy Trinity Serbian Orthodox Church be approved to operate a special event
at Holy Trinity Serbian Orthodox Church, 700 Fischer-Hallman Road, Kitchener, on July
29, 2006 from 12 noon to 10:00 p.m. provided the necessary licence, including Health
and Fire approvals, is obtained; and further,
That the City of Kitchener has no objection to a liquor licence being issued to the Holy
Trinity Serbian Orthodox Church for an event on July 29, 2006."
4. CRPS-06-071 -REQUEST TO OPERATE REFRESHMENT STAND
- KINGSDALE NEIGHBOURHOOD ASSOCIATION -WILSON PARK
The Committee considered Corporate Services Department report CRPS-06-071, dated April
24, 2006 concerning a request to operate a refreshment stand at Wilson Park.
On motion by Mayor C. Zehr -
it was resolved:
"That the Kingsdale Neighbourhood Association be granted permission to operate a
refreshment stand at Wilson Park from May to September, 2006 on weekday evenings
and on the weekends during sporting events being operated at these times, with the
exception of the weekends of June 3 & 4, June 10 & 11, June 17 & 18, July 29 & 30
and August 5 & 6, 2006, provided the necessary licence, including Health and Fire
approvals, is obtained."
5. CRPS-06-063 -AMENDMENT TO MUNICIPAL CODE
- SCHEDULE 'A' OF CHAPTER 712 -CROSS BOWS
The Committee considered Corporate Services Department report CRPS-06-063, dated April
25, 2006 concerning a request to amend Chapter 712 of the Municipal Code regarding
designated areas for cross bow hunting.
On motion by Mayor C. Zehr -
it was resolved:
"That a by-law be enacted to amend Chapter 712 (Cross Bows) of the City of Kitchener
Municipal Code to replace Schedule A of that Chapter relating to designated areas of
the City where cross bow hunting is permitted and to change the Schedule reference
from the prohibited area to the permitted area."
6. a) CRPS-06-066 -REQUEST FOR INTERIM REVENUE MODEL
- K-W BINGO CENTRE - 29 KING STREET EAST
b) CRPS-06-070 -REQUEST FOR INTERIM REVENUE MODEL
- BINGO COUNTRY - 1356 WEBER STREET EAST
Councillor M. Galloway disclosed a pecuniary interest and abstained from all discussion and
voting regarding these two matters as he is associated with an organization that derives
revenues from bingos.
The Committee considered Corporate Services Department reports CRPS-06-066, dated April
19, 2006 and CRPS-06-070, dated April 20, 2006 concerning requests from the K-W Bingo
Centre / Kitchener Charities Bingo Association at 29 King Street East and Bingo Country /
FINANCE & CORPORATE SERVICES COMMITTEE MINUTES
MAY 1, 2006 - 76 - CITY OF KITCHENER
6. a) CRPS-06-066 -REQUEST FOR INTERIM REVENUE MODEL
- K-W BINGO CENTRE - 29 KING STREET EAST
b) CRPS-06-070 -REQUEST FOR INTERIM REVENUE MODEL
- BINGO COUNTRY - 1356 WEBER STREET EAST tCONT'D)
Concourse Charities Bingo Association at 1356 Weber Street East, to implement an Interim
Revenue Model for Pooling Bingo Halls as proposed by the Alcohol and Gaming Commission
of Ontario (AGCO). The Committee was also in receipt of correspondence from the Concourse
Charities Bingo Association in support of implementing the interim revenue model.
Ms. P. Harris advised that in recognising the difficulty of bingo halls to maintain profitability and
remain open, the AGCO introduced the Interim Revenue Model which would allow hall
operators to pass on certain costs for bingo events to the bingo association. Ms. Harris stated
that it is staffs' opinion the interim model is not required as the halls in Kitchener appear to be
operating at reasonable profit and any increase in their profitability would be at further
expense to the charities. Ms. Harris added that the interim model is to be in effect only until
September 30, 2006 as the AGCO anticipates implementing a permanent revenue model by
that time.
Mr. Bill Pegg, Kitchener Charities Bingo Hall, spoke in favour of the request to implement the
interim revenue model; however, he stated that the Association would not object to deferral of
the matter as the AGCO expects to bring forward a permanent revenue model in the fall of this
year. In response to a question, Mr. Pegg suggested that if deferred at this time and on review
of the new revenue model it is found not to be acceptable; the hall could still be in a position to
ask that the interim model be implemented. Ms. Harris advised that she was not certain that
would be the case given this was intended as an interim model only and pointed out that the
AGCO stipulated that implementation should only occur in situations where it was deemed
necessary and in the interest of all parties.
Mr. Jim Facey, Concourse Charities Bingo Association, advised that he was also in
attendance in support of the request to implement the interim revenue model. He commented
that while it is evident the AGCO is coming forward with changes there is no indication at this
time as to what that may be and expressed the opinion that the fact so many halls are closing
and the AGCO has taken steps to provide an interim model, suggests the halls are in need of
additional revenues. On questioning, Mr. Facey stated that the Association would accept
deferral of the matter; however, based on financial information provided to him it was his
opinion the hall would qualify for relief and the Association was willing to share paper costs at
this time.
Mr. R. Gosse noted that City staff did not receive sufficient financial information in regard to
Bingo Country to be able to determine the hall's exact position in regard to profitability. He
added that based on the information provided staff felt the hall was making a reasonable profit
at this time.
Mayor C. Zehr questioned if staffs' recommendation to decline, as opposed to deferral, would
allow the matter to be re-visited at a later date. Mr. R. Gosse advised that on the basis that
this is an interim model and a permanent model is proposed later this year, declining the
request at this time would not prevent the matter from being brought back for further
consideration.
On motion by Mayor C. Zehr -
it was resolved:
"That no action be taken at this time regarding the request of K-W Bingo Centre and
Kitchener Charities Bingo Association to implement an Alcohol and Gaming
Commission of Ontario's (AGCO) Interim Revenue Model"
- and -
"That no action be taken at this time regarding the request of Bingo Country and
Concourse Charities Bingo Association to implement an Alcohol and Gaming
Commission of Ontario's (AGCO) Interim Revenue Model"
FINANCE & CORPORATE SERVICES COMMITTEE MINUTES
MAY 1, 2006 - 77 - CITY OF KITCHENER
7. CAO-06-034 -PRICE INCREASE FOR CITY-OWNED INDUSTRIAL LAND
The Committee considered Chief Administrator's Office report CAO-06-034, dated April 25,
2006 concerning a request to increase the selling price of City-owned industrial land.
Mr. R. Regier advised that staff are asking to increase the selling price of industrial land from
$125,000./acre to $195,000./acre. He pointed out that private sector and other municipalities
in surrounding areas are selling industrial lands in the price range of $195,000./ acre to
$225,000./acre and the proposed increase will allow the City to remain competitive.
In response to questions, Ms. K. Weiss advised that the increase will apply to remaining lots in
the Grand River West Business Park and Huron Business Park.
On motion by Councillor C. Weylie -
it was resolved:
"That the current selling price of City-owned industrial land be increased from
$125,000/acre to $195,000/acre."
$. CAO-06-016 -REPURCHASE SITE 147 -HURON BUSINESS PARK
The Committee considered Chief Administrator's Office report CAO-06-016, dated April 25,
2006 requesting authorization to repurchase Lot 147 within the Huron Business Park.
Ms. K. Weiss advised that Lot 147, located on Washburn Drive, was purchased in 2003 by
521638 Ontario Inc. for a purchase price of $80,000. per acre. As a condition of the purchase
the owner was required to commence construction of a building within 1 year. In 2005, Ms.
Weiss advised that staff were informed by the owner that sale of the business was under
negotiation and pending the outcome may result in a request for the City to repurchase the
land. She advised that staff are asking for authorization to repurchase the land at 100% of the
purchase price, which will result in increased revenue to the City from resale of the property at
the increased selling price of $195,000. per acre.
Councillor M. Galloway noted that the agreement with the current owner provides for the
repurchase of the land at 90% of the purchase price and questioned why staff are
recommending it be repurchased at 100%. Ms. K. Weiss advised that historically repurchase
of lots within the Grand River West Business Park have been at 100% of the original purchase
price.
On motion by Councillor C. Weylie -
it was resolved:
"That the repurchase of Lot 147 being composed of Parts 16 & 20 on Reference Plan
58R-7426 from 521638 Ontario Limited be authorized for the sum of $147,200., on
terms and conditions satisfactory to the City Solicitor; and further,
That the Mayor and Clerk be authorized to execute any other necessary documentation
required by the City Solicitor."
9. FIN-06-014 -AUTHORIZATION TO EXTEND PURCHASE ORDERS FOR CONSULTING
SERVICES
- DEVELOPMENT CHARGE APPEAL
The Committee considered Financial Services Department report FIN-06-014, dated April 24,
2006 concerning a request to increase consulting service fees in respect to an appeal to the
City's Development Charge By-law.
FINANCE & CORPORATE SERVICES COMMITTEE MINUTES
MAY 1, 2006 - 7$ - CITY OF KITCHENER
9. FIN-06-014 -AUTHORIZATION TO EXTEND PURCHASE ORDERS FOR CONSULTING
SERVICES
- DEVELOPMENT CHARGE APPEAL tCONT'D)
On motion by Councillor C. Weylie -
it was resolved:
"That the increases to the following purchase order related to consulting services
(Development Charge Appeal) be approved, to be funded as a City operating over -
expenditure: Purchase Order #500283 - Hemson Consulting Ltd. -increase from
$75,000 to $155,000 plus taxes."
10. FIN-06-015 - 2006 REGIONAL TAX STRATEGY
The Committee considered Financial Services Department report FIN-06-015, dated April 26,
2006 concerning the 2006 Regional Tax Strategy, and attached Regional reports F-06-016
(2006 Tax Ratios and Tax Ratio Strategy) and F-06-017 (2006 Property Tax Capping).
Ms. J. Evans advised that the reassessment for the 2006 taxation year resulted in a shift of
taxation between property classes, with the greatest tax impact on the multi-residential class at
10.71 %. The residential class experienced a minimal shift of 0.12%, while commercial and
industrial classes had negative percentage shifts of -4.72% and -2.78%, respectively. The
higher increase in the value of multi-residential class and shift in taxation also resulted in a
capping shortfall for multi-residential in 2006. To reduce the capping costs and ensure funding
of the capping is within the multi-residential class the Region recommended a reduction in the
multi-residential tax ratio to 2.34 in the short term; resulting in a decrease to 0% tax impact to
the multi-residential class, an increase to 1.27% for the residential class and minor decreases
for commercial and industrial classes. The impact of this policy on Regional taxes for an
average household valued at $23,000. is $6.85 after the reduction in the 2006 education tax
rate, and $6.75 in City taxes. In the long term, Ms. Evans advised that the Region is moving
towards closing the gap between commercial, industrial and multi-residential tax ratios. She
added that the Region's 2006 property tax capping policy continues to use the same
parameters within the Provincial legislation, with an annual tax increase for capped properties
limited to 10% and a threshold of $250. Ms. Evans pointed out that there is no impact to the
City's operating budget as the Region's Tax Ratio Policy shifts the tax burden between classes
and the capping policy costs are funded within the same property class.
In response to questions, Ms. Evans advised that the changes in tax ratio are required
because of Provincial legislation that limits the amount of tax increases that can be passed on
to commercial, industrial and multi-residential classes. It was also noted that the Region's long
term strategy to reduce multi-residential and industrial tax ratios to 1.9500, equal to the current
commercial tax ratio, over the years 2007 to 2010 will be reviewed annually.
Ms. P. Houston advised that maps showing shifts in taxation and highlighting any hot spots will
be made available to Council in early June prior to tax billing.
On motion by Councillor C. Weylie -
it was resolved:
"That the Regional Municipality of Waterloo Council reports F-06-016 (2006 Tax Ratios
and Tax Ratio Strategy) and F-06-017 (2006 Property Tax Capping) be received for
information."
11. FIN-06-016 - 2006 PROVINCIAL BUDGET ALLOCATION FOR ROADS AND BRIDGES
- CITY PROJECT PRIORITIES
The Committee considered Financial Services Department report FIN-06-016, dated April 26,
2006 concerning allocation of Provincial funding for municipal roads and bridges projects.
Ms. P. Houston advised that the City received a Provincial allocation of approximately $4 M to
FINANCE & CORPORATE SERVICES COMMITTEE MINUTES
MAY 1, 2006 - 79 - CITY OF KITCHENER
11. FIN-06-016 - 2006 PROVINCIAL BUDGET ALLOCATION FOR ROADS AND BRIDGES
- CITY PROJECT PRIORITIES tCONT'D)
be used to address municipal roads and bridges in urgent need of improvements. She advised
that 3 projects have been identified as having an urgent funding requirement, being: Krug
Street Reconstruction, Duke Street Reconstruction and additional sidewalks. Accordingly, it is
being recommended that $933,000. of the Provincial funding be allocated to fund these 3
projects. Ms. Houston pointed out that staff require time to evaluate a number of other projects
identified as priorities and following the evaluation, a subsequent report will come forward for
the Committee's consideration regarding allocation of the remaining Provincial funding.
Ms. Houston and Mr. L. Lynch responded to questions, advising that it is anticipated that a
subsequent report will come forward in early fall; construction of the Duke Street and Krug
Street projects is expected to start in 2006 and a review of detour routes will be undertaken to
ensure no conflicts with other road construction projects; and, it is intended to add the
additional sidewalks to this year's tender.
On motion by Councillor J. Smola -
it was resolved:
"That funding of $933,000 from the 2006 Provincial Budget Allocation for roads and
bridges, ($331,000 from Uncommitted Infrastructure -Sanitary Sewer and $223,000
from Uncommitted Infrastructure Water) be allocated to roads and bridges projects as
follows:
• Krug Street (Rose to Lancaster) Reconstruction $505,000;
• Duke Street (Wellington to City Boundary) Reconstruction $232,000; and,
• Additional Sidewalks $750,000."
12. CAO-06-027 - 2005 DOWNTOWN MONITORING REPORT
The Committee considered Chief Administrator's Office report CAO-06-027, dated April 26,
2006 regarding the 2005 Downtown Monitoring Report, as attached to report CAO-06-027.
The report outlines and analyzes the annual progress /performance of downtown Kitchener
and surrounding neighbourhoods, with 2005 efforts focused on: implementation of the
Downtown Strategic Plan; management and monitoring of the Economic Development
Investment Fund (EDIF); support for the University of Waterloo School of Pharmacy and
Wilfrid Laurier University Faculty of Social Work; completion of downtown studies, including a
Parking Study, Culture Plan II and review of first year of operation of the Kitchener Market.
Ms. J. MacDonald presented highlights of the report, commenting on key projects /
achievements, monitoring indicators (people /development /business activity) and future
activities in the downtown and surrounding area. Ms. MacDonald concluded that activities will
continue in 2006 relative to implementation of the EDIF projects and Strategic Plan
implementation, and early successes evidenced in 2005 have reinforced the benefits of the
stategic direction being taken in regard to the downtown.
At the request of Mayor C. Zehr, staff agreed to pursue a method of measuring trends in
increased assessment resulting from downtown incentive improvement programs.
On motion by Councillor J. Smola -
it was resolved:
"That Chief Administrator's Office report CAO-06-027 (J. MacDonald / S. Wright) and
attached "2005 Downtown Monitoring Report" be received as information."
13. CAO-06-030 - DOWNTOWN STRATEGIC PLAN UPDATE - 2006: A MAGNETIC FUTURE
The Committee considered Chief Administrator's Office report CAO-06-030, dated April 26,
2006 in which highlights and past accomplishments and future activities pertaining to
implementation of the Downtown Strategic Plan is provided.
FINANCE & CORPORATE SERVICES COMMITTEE MINUTES
MAY 1, 2006 - $0 - CITY OF KITCHENER
13. CAO-06-030 - DOWNTOWN STRATEGIC PLAN UPDATE - 2006: A MAGNETIC FUTURE
tCONT'D)
Ms. S. Wright commented on past activities including residential intensification; downtown
incentive programs; urban design; vitality, security and comfort initiatives; business, marketing
and cluster initiatives; and downtown brand development. The focus in 2006 is on talent
attraction in a shifting economy, moving away from manufacturing toward knowledge industry,
and future priorities will involve supporting economic /educational opportunities and building
after hours vitality to provide an environment for successful talent attraction in the new
economy. It was noted that businesses follow talent and competition will become even more
intense as trends show the next generation seeks work-life balance ahead of company loyalty.
In addition, initiatives to attract other demographics such as empty nesters and seniors will
also be pursued. Ms. Wright concluded that continued activities with an emphasis on talent
attraction will provide business site selection advantages and create a magnetic community for
the next generation.
Councillor G. Lorentz entered the meeting at this time.
The Committee posed a number of questions concerning private sector willingness to
participate in creating a particular environment; likelihood of the next generation to stay in the
core area; and what plans may be in place to address the needs of seniors interested in core
living. At the request of Mayor C. Zehr, Ms. S. Wright agreed to further investigate statistics
relative to the range of demographics buying into the core area.
On motion by Mayor C. Zehr -
it was resolved:
"That Chief Administrator's Office report CAO-06-030 and attached appendices, on the
current status and future directions of the Downtown Strategic Plan, Volume III, be
received as information."
14. CAO-06-031 -DIVERSITY IN THE WORKPLACE -UPDATE
The Committee considered Chief Administrator's Office report CAO-06-031, dated May 1, 2006
in which an update is provided on activities of the Diversity In The Workplace Committee
(DWC).
Ms. Tami Turner and Deputy Fire Chief Tim Beckett presented an overview of the DWC and its
activities since its establishment in 2005, and acknowledged members of the Committee in
attendance this date. Ms. Turner noted that the goal of the DWC is to create a corporate
culture that is more inclusive and representative of community diversity, including gender,
sexual orientation, persons with disabilities, visible minorities and aboriginals. Ms. Turner and
Mr. Beckett highlighted activities of various sub-committees reporting to the DWC, all of which
are working toward developing future initiatives and programming relative to diversity, including:
Community Partnerships; Training; Policy; Business and Community Outreach;
Communications; and Recruiting /Retention.
In response to questions, Ms. Turner advised that she has become more involved in working
with the Public School Board in regard to their programming to assist professional immigrants.
It was also noted that the City has been successful in placing persons with disabilities in co-op
positions and will be hiring again this summer. Mayor C. Zehr referred to the issue of hiring
practices and dealing with discrimination, requesting clarification of how these two different
aspects are being dealt with. Mr. Beckett noted that the City has control over it hiring practices
through policy development whereas discrimination is more a matter of education and training.
He pointed out that the City has in-house expertise to deal with discrimination issues and is not
a mandate of the DWC. Mr. Beckett added that hiring practices are considered only as a first
step toward building a more diverse organization and development of new practices, policies
and programming will be required to maintain diversity within the organization.
FINANCE & CORPORATE SERVICES COMMITTEE MINUTES
MAY 1, 2006 - $1 - CITY OF KITCHENER
15. CAO-06-035 - EMPLOYEE CULTURE SURVEY
The Committee considered Chief Administrator's Office report CAO-06-035, dated April 21,
2006 concerning a request to obtain consultant services to design and administer acorporate-
wide Employee Culture Survey to City staff. The survey is intended to identify the current
organizational culture and gap between it and the Corporation's preferred culture; as well as
enable means to monitor ongoing successes.
Mr. D. Paterson advised that it is intended that the Employee Culture Survey be a 2006
initiative with results to be presented by year end.
Councillor M. Galloway commented that he had asked that certain information be provided
regarding the expectations, projected outcomes and financial costs associated with the survey
that would translate into a terms of reference regarding consultant services. Mr. Paterson
advised that specifics have not been finalized pending approval to proceed with obtaining a
consultant and the costs are estimated at a range of $30,000. to $75,000. Ms. C. Ladd added
that the need for an employee survey stemmed from a recent presentation by Dr. Linda
Duxbury on generational differences in the workplace and at this time, staff is asking for
direction only to commence the process of hiring a consultant. The scope of the survey and
pricing for purposes of a Request for Proposals will come forward for consideration by the
Committee prior to actual hiring of a consultant and circulation of the survey.
Mayor C. Zehr commented that the City has gone through an extensive survey process to
obtain public input in regard to future direction of the corporation and the community, and was
of the opinion that it was equally important to obtain comment from employees of the
corporation.
On motion by Councillor C. Weylie -
it was resolved:
"That staff be directed to commence the process of obtaining a consultant to design
and administer aCorporate-wide Employee Culture Survey to City staff."
16. CSD-06-061 -INTERIM PARKING SOLUTION
- EXPANSION OF THE EPTON SURFACE PARKING LOT
The Committee considered Community Services Department report CSD-06-061, dated April
27, 2006 concerning expansion of the surface parking lot located at the former Epton site.
Mr. T. Konstantinidis advised that as a result of fast tracking of the University of Waterloo
School of Pharmacy project, the property intended for development of a surface parking lot
was no longer available. In light of the City's substantial need for parking in the west end of the
downtown area, discussions were held with University of Waterloo project representatives in
mid-April in regard to provision of short term parking on the site. Mr. Konstantinidis advised
that arrangements have been made for immediate access to 64 existing parking spaces on the
site for a term to expire July 1, 2007 and construction of 90 new parking spaces required for
the University, for a total of 154 spaces.
The Committee posed a number of questions, during which staff advised that the agreement
provides some flexibility to continue beyond the expiry date on a month to month basis and
discussions concerning the City's parking needs will continue with University representatives;
cost efficiencies will be realized through re-use of existing materials on the site in developing
the new parking spaces; and the cost difference between actual spaces created and projected
revenues of $50,000. was derived based on current /projected occupancy and expenses
within the term of the agreement.
It was noted that any recommendation from this Committee would be considered at the special
Council meeting to be held later this date.
FINANCE & CORPORATE SERVICES COMMITTEE MINUTES
MAY 1, 2006 - $2 - CITY OF KITCHENER
16. CSD-06-061 -INTERIM PARKING SOLUTION
- EXPANSION OF THE EPTON SURFACE PARKING LOT tCONT'D)
On motion by Councillor C. Weylie -
it was resolved:
"That notwithstanding Council's resolution of January 16, 2006 regarding the
development of a surface parking lot on the Epton Lands as previously outlined in
Development and Technical Services Department report DTS-06-001, the following
parameters, as outlined in Community Services Department report CSD-06-061, dated
April 27, 2006 be applied relative to the Epton surface parking lot:
• access to 64 already developed spaces;
• construction of 90 new spaces at a capital cost of approximately $110,000.;
• net annual revenues approximately $50,000.;
• agreement expires on July 1, 2007 and renewed month to month thereafter; and,
• full recovery of capital may not be achieved."
17. ADJOURNMENT
On motion, the meeting adjourned at 4:05 p.m.
Janet Billett, AMCT
Committee Administrator