posting
04-01-2010, 10:05 PM
The following motion on the Aquatic Centre at INVISTA Centre Site Concept Plan and Budget will be considered by Kingston City Council at its meeting to be held on April 6, 2010.
-- Kingston Electors
Aquatic Centre at INVISTA Centre Site Concept Plan and Budget
THAT the Aquatic Facility Addition concept plan, dated February 12, 2010, attached as Exhibit A to Report No. ARCP-10-023 be endorsed;
- and further -
THAT staff be directed to amend the 10 year capital budget to reflect the construction of the indoor aquatic centre including Phase 1, 2 and 3; with Phase 1 and 2 to be planned for the period 2011 to 2014;
- and further -
THAT a financing plan for the project cost of $32,000,000 be considered that:
a) uses the maximum provided by development charges as detailed in the most recent background study (2009) estimated at $3,000,000;
b) introduces a surcharge sufficient to carry a minimum of $2,000,000 in debt to user rates associated with the facility;
c) incorporates the amount required to carry the tax supported debt, estimated at $27,000,000 into the financing available from the municipal capital reserve fund (1% tax incremental policy);
or
provides for it as a dedicated tax increase over the construction period,
or
a combination of each, to be determined when the project is presented for budget approval;
- and further -
THAT staff consider a phase-in of the operating costs beginning with the 2011 operating budget through 2014;
- and further -
THAT staff be directed pursue any grant opportunities that may be available for the construction.
(Note: The Report of the Commissioner, Sustainability & Growth (ARCP-10-023) was attached to the ARCP agenda as Schedule Pages 7-38. Exhibit ‘F’ of the report was attached to the addendum for the meeting.
The report and schedules can presently be viewed at
http://www.cityofkingston.ca/cityhall/committees/community/agendas.asp.)
-- Kingston Electors
Aquatic Centre at INVISTA Centre Site Concept Plan and Budget
THAT the Aquatic Facility Addition concept plan, dated February 12, 2010, attached as Exhibit A to Report No. ARCP-10-023 be endorsed;
- and further -
THAT staff be directed to amend the 10 year capital budget to reflect the construction of the indoor aquatic centre including Phase 1, 2 and 3; with Phase 1 and 2 to be planned for the period 2011 to 2014;
- and further -
THAT a financing plan for the project cost of $32,000,000 be considered that:
a) uses the maximum provided by development charges as detailed in the most recent background study (2009) estimated at $3,000,000;
b) introduces a surcharge sufficient to carry a minimum of $2,000,000 in debt to user rates associated with the facility;
c) incorporates the amount required to carry the tax supported debt, estimated at $27,000,000 into the financing available from the municipal capital reserve fund (1% tax incremental policy);
or
provides for it as a dedicated tax increase over the construction period,
or
a combination of each, to be determined when the project is presented for budget approval;
- and further -
THAT staff consider a phase-in of the operating costs beginning with the 2011 operating budget through 2014;
- and further -
THAT staff be directed pursue any grant opportunities that may be available for the construction.
(Note: The Report of the Commissioner, Sustainability & Growth (ARCP-10-023) was attached to the ARCP agenda as Schedule Pages 7-38. Exhibit ‘F’ of the report was attached to the addendum for the meeting.
The report and schedules can presently be viewed at
http://www.cityofkingston.ca/cityhall/committees/community/agendas.asp.)