Approve the 2021 capital budget for the City of Burlington, with a gross amount of $72,122,030 with a debenture requirement of $7,800,000, and the 2022-2030 capital forecast with a gross amount of $714,232,893 with a debenture requirement of $45,325,000 as outlined in finance department report F-42-20 and as amended by the Corporate Services, Strategy, Risk & Accountability Committee; and
Administer the debenture in the amount of $7,800,000 in 2021 as tax supported debt; and
Authorize staff to proceed with the 2021 capital projects representing not more than 50% of the 2021 capital from operating funding in advance of the 2021 operating budget approval; and
Declare that, in accordance with sis. 5(1)5 of the Development Charges Act, 1997 and s. 5 of Ontario Regulation 82/98, it is Council’s clear intention that the excess capacity provided by the above-referenced works will be paid for by future development charges; and
Direct the Director of Transportation to report back in Q1 2021 on electric vehicle charging stations in the downtown prior to proceeding with the 2021 capital project RD-PK-1795. (SD-02-21)