Receiving Q1 2025 financial update and adjusting capital budgets for airport upgrades and affordable housing
General Committee makes recommendations; City Council makes the final decision.
Council approved this on August 11, 2025 as part of its consent agenda, without a separate vote. See the consent vote →
Councillor Votes
Full Resolution Text
That Council approve the recommendations outlined in Report FCSFS25-014, dated August 5, 2025 of the Commissioner, Finance & Corporate Support Services as follows: a) That the March 31, 2025 Quarterly Financial Update Report (Unaudited) attached as Appendix A to Report FCSFS25-014, dated August 5, 2025, be received; b) That the $4,075,316 Airport Water and Sewer Upgrades (2022 Capital Budget #18-143) project budget be reduced by the $866,700 Canada Community Building Fund allocation for a total approved budget of $3,208,616; and c) That three new capital projects be created and the Incentives for Affordable Housing (2025 Capital Budget 15882) uncommitted budget be transferred into these projects as outlined in Chart 2 of Report FCSFS25-014.