ADMINISTRATIVE REPORT

Date: November 26, 1999
Author/Local: Piet Rutgers 8463
RTS No. 01154

CC File No. 1602

Council: January 11, 2000

TO:	Vancouver City Council and Park Board
FROM:	General Manager of Parks & Recreation in consultation with Director of Financial Planning and Treasury Services
SUBJECT:	1999 Park Board Capital Budget Amendment

RECOMMENDATION

THAT the 1999 Park Board Capital Budget be increased by $458,450 with the source of funding being Senior Government grants and contributions from various community organizations.

POLICY

Council approves the Park Board budgets.

BACKGROUND

On May 6, 1999, City Council approved the Park Board 1999 Capital Budget in the amount of $6, 713,000.

DISCUSSION

Since that time the Board through its Community Partners has received the following additional Senior Government Grants and contribution.

Project	Total Cost	Previously Approved	Additional Contribution/ Grant	Contribution
Moberly Hall -Conversion of Community Hall to Arts and Cultural Center	$426,950	$288,500	$138,450	Government of B.C.
Stanley Park -Salmon Stream Aquarium to Coal Harbour - Design Phase	$200,000	$ 40,000	$160,000	Vancouver Aquarium Association
Lost Lagoon Biofiltration Pond to treat Causeway runoff - Design Phase	$160,000	0	$160,000	BC Transportation Financing Authority
TOTAL			$458,450

CONCLUSION

Approval of the additional funding is sought to implement these already approved projects. The contributions from Senior Government and Community Groups represent a significant funding towards updating the Park Board Infrastructure and/or enhancing Stanley Park.

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(c) 1998 City of Vancouver