Vancouver City Council |
ADMINISTRATIVE REPORT
Date: February 12, 2004
Author/Local: Mark Vulliamy/257-8461RTS NO. 03977
CC File No. 1602
Meeting: February 24, 2004
TO:
Vancouver City Council
FROM:
General Manager of Parks and Recreation
SUBJECT:
Advance Approvals: 2004 Park Board Capital Budget
RECOMMENDATION
THAT capital spending of $2,030,000 for current projects, as described in this Report, be approved in advance of the 2004 Park Board Capital Budget, to be brought to Council later this year.
POLICY
The Board's annual Capital expenditure requires Council approval. Within the approved envelope the Board sets budget priorities consistent with program objectives outlined in the Capital Plan plebiscite question and agreements with external agencies.
BACKGROUND
The 2003 - 2005 Park Board Capital Plan totals $45,500,000, plus $240,000 for debenture costs, derived from the following funding sources:
· Electorate-approved borrowing authority (including debenture costs): $18,690,000
· Capital from operating revenue: $7,500,000
· City Wide Development Cost Levy for park acquisition and development: $9,200,000
· SE False Creek Development for Mt. Pleasant Community Centre renewal: $2,000,000
· HEI Lease 2003 - 2005 for Hastings Park restoration: $1,350,000
· Waterworks Capital for QE Park Reservoir Roof Deck Plaza: $2,000,000
· Bayshore Development funds for Stanley Park Seawall upgrading $2,000,000
· Matching Funds for Sunset Community Centre renewal (contingent upon
receipt of senior government funding): $3,000,000
Council and the Park Board will consider approval to the 2004 Capital budget later this year. The 2004 Park Board Capital Budget is anticipated to be in the order of $13,500,000. In the meantime, there is a need to cover the costs of projects which are ongoing from 2003 or are about to commence, and this report seeks advance Council approval for this expenditure.
DISCUSSION
The projects for which advance spending approval is sought are outlined on the following table:
#
Account
Project/Reason
Amount
[$,000]1
Seawall repairs and widening
Major project will close Seawall between Prospect Pt to 2nd Beach. Tenders issued and received. Work scheduled in advance of peak season.
$1,250,000
2
Community Centre: Sunset Rebuild
Design tender -- Award of design consultant contract ready to proceed when funding is in place.
$200,000
3
Facilities General: Other Upgrading
Rose Garden Cottage - re-cladding: Scheduled for completion before summer season
$50,000
4
Street Trees Stocking
Capital Plan funded annual stocking. Peak planting season to April
$100,000
5
Playing Fields: Upgrading of grass fields
Initiate rebuilds of Kerrisdale, Kingcrest & Sunrise Park fields; annual deep-tining program -- enable turf to root in before summer
$120,000
6
Playing Fields: Synthetic turf installation
Consultant hire: Site design in preparation for seasonally-limited construction phase
$60,000
7
Playground
Initiate upgrade projects in preparation for summer -tender issue scheduled for March
$100,000
9
Neighbourhood Park Enhancement
Initiate Kingcrest and Falaise Park upgrades -- projects are part of ongoing work program. Everett Crowley masterplan - RFP ready for release.
$90,000
10
Shoreline/
cliffs erosion controlStanley Park cliff scaling/stablization: Urgent seasonal work program
$60,000
Total:
$2,030,000
The Park Board will consider this report at its meeting of February 23, 2004, and Council will be advised of the Board's decision.
FINANCIAL IMPLICATIONS
Of the $2,030,000 Capital spending identified in this report, $1,250,000 (for Seawall Repairs and Widening) would be derived from external sources (Bayshore Development funds), leaving a balance of $780,000 to be allocated from City funds.
SUMMARY
Council is asked to give advance approval for $2,030,000 in Capital expenditure by the Park Board for the projects listed in this report.
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