ADMINISTRATIVE REPORT
Date: June 9, 1995
TO: Vancouver City Council
FROM: General Manager of Engineering Services
SUBJECT: Canada-B.C. Infrastructure Awards - Joyce at Vanness Left Turn
Bay and Realignment of Keefer at Quebec
RECOMMENDATIONS
A. THAT $40,000 in funding be allocated from the infrastructure
borrowing authority approved in the 1987-1990 Capital Plan,
for the City's one-third share of the Joyce Street at Vanness
Avenue Left Turn Bay project.
B. THAT $107,000 in funding be allocated from the infrastructure
borrowing authority approved in the 1987-1990 Capital Plan,
for the City's one-third share of the Realignment of Keefer
Street at Quebec Street project.
COUNCIL POLICY
At its meeting on September 20, 1994, Council approved funding the
City's share of Canada-B.C. Infrastructure Program projects from the
infrastructure borrowing authority approved in the 1987-1990 Capital
Plan.
PURPOSE
The purpose of this report is to recommend the City's share of the
Canada-B.C. Infrastructure awards, for the Joyce at Vanness Left Turn
Bay and Realignment of Keefer at Quebec projects, be funded from
infrastructure borrowing authority approved in the 1987-1990 Capital
Plan.
BACKGROUND
In 1986, Vancouver voters approved a $10 million borrowing plebescite
for infrastructure improvements, subject to senior government
contributions covering a majority of the project costs.
This was initiated as a result of the City's involvement in lobbying for
a joint Federal/Provincial/Municipal program to address aging
infrastructure. At its meeting on September 20, 1994, Council approved
funding totalling $4,230,000 for the City's one-third share of three
Canada-B.C. Infrastructure projects. A further $280,000 in funding was
approved by Council on May 2, 1995, for the City's share of the Port
Roadway/Transit Lane project. Funding for these projects was allocated
from the infrastructure borrowing authority approved for the 1987-1990
Capital Plan.
On May 1st, 1995, Canada-B.C. Infrastructure Program awards totalling
$440,000 were announced for the Joyce at Vanness Left Turn Bay and
Realignment of Keefer at Quebec projects. These two projects, including
design, have been previously reviewed by Council and approved.
FINANCIAL IMPLICATIONS
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It is recommended that the City's share of the Joyce at Vanness Left
Turn Bay and Realignment of Keefer at Quebec grants ($147,000 in total)
come from the $10-million dollar infrastructure borrowing authority
approved in the 1987-1990 Capital Plan. Using the infrastructure
borrowing authority satisfies the Infrastructure Program guidelines
stating funding for the local share must be in excess of existing
Capital Plans, or at least represent accelerated funding. It is also
consistent with the purpose for which the authority was established.
Funding for these projects would be in addition to funding approved
previously in the 1994-1996 Capital Plan. These projects would bring
the total amount of funding from the borrowing authority up to
$4,657,000, leaving a balance of $5,343,000 for future projects.
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