Reallocate PTIF transit funding and amend agreement

Councillor Votes

Full Resolution Text

That Council approve the recommendations outlined in Report CLSFS22-015 dated March 14, 2022, of the Commissioner of Corporate and Legislative Services, as follows: a) That the Mayor and Clerk are authorized to execute the agreement and any subsequent corresponding agreements or amendments between The Corporation of the City of Peterborough and Her Majesty the Queen in Right of Canada, as represented by the Minister responsible for the Federal Economic Development At the meeting of March 14, 2022, Committee amended item b) as follows: b) That, respecting the Public Transit Infrastructure Fund Phase One Transfer Payment Agreement (“PTIF Agreement”) between the Province of Ontario and the City of Peterborough authorized by Council by By-law 17-044 dated May 25, 2017, the Mayor and Clerk are authorized, both retroactively and on a go forward basis, to execute agreements to amend the PTIF Agreement on terms acceptable to the Commissioner of Infrastructure and Planning Services and in forms acceptable to the City Solicitor; and c) That, as a matter of housekeeping, the Public Transit Infrastructure Fund (PTIF) funding of $207,000 be reallocated from the Transit Garage Replacement Study Project (2022 Capital Budget Project 5-16.02) to the Transit Stops and Shelter Project (2020 Capital Budget Project 5-11.04) as outlined in Table 1 – PTIF Funding Reallocation.