ADMINISTRATIVE REPORT

                                           Date: August 23, 1995


   TO:       Vancouver City Council

   FROM:     General Manager of Engineering Services

   SUBJECT:  Canada-B.C. Infrastructure Award:
             Main Street at S.E. Marine Drive - Left Turn Bay


   RECOMMENDATION

        THAT  $73,334  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  Main Street at  S.E. Marine  Drive,
        Left Turn Bay 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 that the City's share of the
   Canada-B.C. Infrastructure  award for  the  Main Street  at S.E.  Marine
   Drive,  Left  Turn  Bay  project,  be  funded  from  the  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.  At its meeting
   on  September 20,  1994, Council approved  funding the  City's one-third
   share of the first three hard infrastructure projects under the Canada -
   B.C.  Infrastructure Program.    The funding    was allocated  from  the
   infrastructure borrowing authority  approved for  the 1987-1990  Capital
   Plan.  To date,  four additional Canada - B.C.  Infrastructure projects,
   have also been funded from this borrowing authority.

   On July 26,  1995, a Canada-B.C. Infrastructure  Program award totalling
   $220,000 was announced for  the Main Street  at S.E. Marine Drive,  Left
   Turn Bay project.  Construction  of this project has already  begun with
   funding  from  the 1994  Capital Budget.    The design  was  approved by
   Council on July 5, 1994.

   FINANCIAL IMPLICATIONS

   It  is recommended  that the  City's share  of the  Main Street  at S.E.
   Marine Drive,  Left Turn Bay grant  ($73,334) come from the  $10 million
   dollar  infrastructure  borrowing authority  approved  in  the 1987-1990
   Capital  Plan.  Use of the infrastructure borrowing authority funding is
   necessary  to satisfy  the  requirements of  the Infrastructure  Program
   guidelines.  These guidelines state  that for a project to  be eligible,
   funding  for  the  local   share  must  represent  new   or  accelerated
   investment.   Use  of  the infrastructure  borrowing  authority is  also
   consistent with the purpose for which it was established.

                                     * * *