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NOTE: DUE TO NEW INFORMATION ABOUT A GRANT OPPORTUNITY AS A FUNDING SOURCE ONE OF THE PROJECTS, PARAGRAPH 5 AND PARAGRAPH 19 B) HAVE BEEN DELETED, AND THE PARAGRAPHS HAVE BEEN RENUMBERED ACCORDINGLY. A REVISED VERSION OF FIN020-15 IS ATTACHED. (SEE A11 MEMO REGARDING MORE INFORMATION ON THE FUNDING OPPORTUNITY)
CAPITAL PROJECT STATUS REPORT
1. That staff be authorized to close the capital projects as identified as completed in Appendix “C-1” - Projects with Excess Committed Funding, and release the funding commitments in the amount of $1,643,926 as described in Appendix “C-1”, and identified in Appendix “C-2”.
2. That staff be authorized to close the capital projects as identified as completed in Appendix “D-1” - Projects Requiring Additional Funding, and increase the funding commitments in the amount of $2,549,236 as described in Appendix “D-1”, and identified in Appendix “D-2”.
3. That staff be authorized to undertake the new capital projects as well as existing projects with an expanded scope as identified in Appendix “B-1” - New Capital Projects, and add the funding commitments in the amount of $100,000 as described in Appendix “B-1”, and identified in Appendix “B-2”.
4. That staff receive pre-approval of $268,000 for the Huronia Road Pavement Holding Strategy Project prior to approval of the 2016 Capital Plan.
5. That staff be authorized to re-open the MacLaren - Environmental Controls/Equipment Capital Project to apply grant funding in the amount of $205,000, fund $8,102 for trailing expenses related to required repairs and return $46,898 to the Tax Capital reserve. (FIN020-15) (File: F00)