To be introduced by Bill Sims, General Manager, Engineering and Public Works.
Purpose: To obtain Finance and Audit Committee approval to increase the budget for the Fire Station No. 1 project.
- Mark Bullen, Capex Projects Advisory
Recommendation: That the Finance and Audit Committee recommend that Council direct Staff to:
1. Proceed with the Fire Station No. 1 project; and,
2. Amend the 2020-2024 Financial Plan to increase the budget in year three (2022) by $3M from $3,740,269 to $6,740,269 with the additional funding from the General Capital Reserve and the General Asset Management Reserve.