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21-G-268
| 2 | | | Presentation - GC | PRESENTATION CONCERNING THE LONG RANGE FINANCIAL PLAN, TIMING OF DEVELOPMENT AND 10-YEAR CAPITAL PLAN DEFERRAL OPTIONS
Craig Millar, Director of Finance/Treasurer, Michelle Banfield, Director of Development Services, Bala Araniyasundaran, General Manager of Infrastructure and Growth Management and Dawn McAlpine, General Manager of Community and Corporate Services provided a presentation concerning the proposed Long Range Financial Plan (LFRP), the timing of future City development and deferral options for the 10-Year Capital Plan.
Mr. Millar, Ms. Banfield, Mr. Araniyasundaran and Ms. McAlpine discussed slides concerning the following topics:
Long Range Financial Plan - Five Strategies to Strengthen the City's Financial Position:
* The purpose of a Long Range Financial Plan and financial policy updates;
* A bar graph illustrating the City's debt capacity from 2021 to 2041;
* An overview on allocation of the Barrie Hydro dividend (BHHI);
* Charts illustrating the current and proposed projections of the Reinvestment and Tax Capital Reserves from 2022 to 2029;
* The positive outcom | recommended for receipt (Section "A") | |
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21-G-269
| 1 | | | Recommendation | TIMING OF DEVELOPMENT AND 10-YEAR CAPITAL DEFERRAL OPTIONS
1. That the following Infrastructure Projects be amended in the 2022 to 2031 Capital Plan:
a) That Project EN1375 Big Bay Point Road Expansion - Prince William to Street N (City) be deferred with the proposed expenditures of $40 thousand in 2025, $44 thousand in 2026, $375 thousand in 2027, $375 thousand in 2028, $186 thousand in 2029, $386 thousand in 2030 and $2.96 million in 2031 deferred to 2032, 2033, 2034, 2035. 2036, 2037 and 2038 respectively;
b) That the start of the Lockhart Road ROW Expansion related Projects be deferred as follows:
i. That Project EN1354 Lockhart Road ROW Expansion - Huronia to Yonge (City) be deferred with the proposed expenditures of $266 thousand in 2027, $413 thousand in 2028, $1.2 million in 2029, $6.35 million in 2030 and $1.42 million in 2031 deferred to 2034, 2035, 2036, 2037 and 2038 respectively;
ii. That Project 000334 Lockhart Road ROW Expansion - Prince William to East of Collector 11 (Developer) be deferred with the proposed expenditures of $47 thousand in 2025, $211 thousan | recommended for consideration of adoption (Section "B") | |
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21-G-270
| 1 | | | Staff Report | LONG RANGE FINANCIAL PLAN AND FINANCIAL POLICY FRAMEWORK UPDATE | recommended for adoption (Section "C") | |
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21-G-271
| 1 | | | Committee Report | LONG RANGE FINANCIAL PLAN AND FINANCIAL POLICY FRAMEWORK UPDATE - BARRIE HYDRO HOLDINGS INC. DIVIDEND | recommended for receipt (Section "D") | |
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