Receiving Q3 2025 financial update and approving capital project budget transfers and DC exemption agreements

Councillor Votes

Full Resolution Text

That Council approve the recommendations outlined in Report FCSFS25-025, dated December 1, 2025 of the Commissioner of Finance and Corporate Support Services as follows: a) That the September 30, 2025 Quarterly Financial Update Report (Unaudited) attached as Appendix A to Report FCSFS25-025, dated December 1, 2025, be received; b) That the Mayor and City Clerk be authorized to execute agreements and do such things as necessary to give effect to Development Charge exemption, discount and deferral agreements and any other agreements that may be necessary to implement the Development Charge By-law 25-100, By-law 24-050 and By-laws 22-053 through to 22-060 and their successor by-laws and/or associated legislation, on terms acceptable to the Commissioner of Community Services or the Commissioner Infrastructure Planning & Growth Management and in forms acceptable to the City Solicitor; c) That the following budgets be transferred into the Municipal Snow Storage Facility project (Project #18-150) to replace the $1,000,000 federal grant funding: i. $200,000 wastewater reserve funding from Wastewater Collection System Servicing Study (Project #21-091). Subsequent to the transfer the Wastewater Collection System Servicing Study (Project #21-091) can be closed. ii. $100,000 wastewater reserve funding from Sanitary Sewer River Crossings (Project #21-104). Subsequent to the transfer the Wastewater Collection System Servicing Study (Project #21-104) can be closed. iii. $400,000 wastewater reserve funding from Storm Sewer Rehabilitation Program (Project #19-073) iv. $100,000 wastewater reserve funding from City Wide Stormwater Quality Master Plan Implementation (Project #17-034) v. $200,000 FRMP-sewer surcharge reserve funding from CCTV Inspection of Sewers (Project #06402) d) That the following budget transfers, further detailed in Chart 3 of Report FCSFS25-025, be approved to align with the Investing in Canada Infrastructure Program–Transit Stream (ICIP–Transit Stream) amended transfer payment agreement: i. $1,458,800 be transferred from the New Transit Buses project (Project #20-078) and $25,200 be transferred from Transit Capital Reserve to the Conventional Bus Replacement project (Project #24-136) resulting in a net increase of $1,484,000 for a total approved budget of $5,631,900; ii. $30,000 be transferred from the New Transit Buses project (Project #20-078) to the Conventional Bus Refurbishment project (Project #24-124) resulting in a total approved budget of $2,030,000; iii. the New Transit Buses (Project #20-078) project budget be further reduced by $228,800 for a total approved budget of $3,905,300.