That Report CORP2025-007, Quarter Four 2024 Capital and Special Projects Close, be received;
That the capital projects identified in Table 1 to Report CORP2025-007 be approved for closure;
That the balances below and provided in Table 1 to Report CORP2025-007 be transferred to (from) the corresponding reserve to address all project closures listed:
Reserve Transfer to (from) Reserve
Public Works Fleet Reserve $44,950.33
Water Infrastructure Reserve (43,410.00)
Special Projects Reserve 331,923.23
General Tax Rate Stabilization Reserve 7,721.81
Capital Contingency Reserve 1,063,670.51
Kawartha Lakes Police Area Rate Reserve 2,743.53
Total Reserve Transfers $1,407,599.41
That the balances below and provided in Table 1 to Report CORP2025-007 be transferred to (from) the obligatory reserve to address project closures listed:
Obligatory Reserve Transfer to (from) Reserve
Transit Gas Tax Reserve $15,600.00
Development Charge Reserve 199,717.96
City Parkland Reserve 23,411.66
Infrastructure Gas Tax Reserve 249,252.97
Total Obligatory Reserve Transfers $487,982.59
That the projects recommended for closure below be approved for (additional)/reduced debenture financing:
Capital Project - Capital Program Description - Debenture Financing (Increase)/Reduction
950230207 - Dalton Community Centre Parking - $(1,224.85)
983230102 - Hartley Road Bridge - 70,556.83
983230103 - Ballyduff Road Bridge - 24,059.90
983240526 - Simcoe St-CKL Rd 8-CKL Rd 48 - (142.63)
998190103 - Bobcaygeon Elevated Storage Tank Coating - 52,694.17
998200104 - Bobcaygeon Water Treatment Plant Low Level Pump - (9,752.81)
998200205 - King's Bay Water and Wastewater Treatment Plant - 34,549.42
998200312 - Colborne Street Fenelon Falls Sewer Pumping Station Pumps/Pipe - (3,183.18)
998210113 - Southview Estates Water Treatment Plant Pumps - 4,254.11
Total Reduction in Debenture Needed - $171,810.96
That the remaining Building Faster Funds (BFF) of $735,720.00 be allocated to the Ellice St Watermain Replacement (998240411) and as a result the project funding from other sources be adjusted as follows, Water Debenture of $96,012.00 and Wastewater Debenture of $514,660.00 be reduced and Water Development Charges of $125,048.00 returned to the Development Charges Reserve (3.24140 A331179);
That $100,000.00 for the Corporate Services Modernization (921242001) be allocated from the Sewer Infrastructure Reserve (1.32030);
That funding of $144,000.00 for the Housing Needs Assessment (921242002) project be allocated from the Sewer Infrastructure reserve (1.32030);
That funding of $250,000.00 for the Development Software Operational Efficiency (921242201) project be allocated from the Sewer Infrastructure reserve (1.32030);
That funding of $50,000.00 for the Human Services Modernization initiative (16480) be allocated from the Water Infrastructure Reserve (1.32050);
That $500,000.00 be transferred to the Public Works Fleet Reserve (1.32070 A-331184) from the Capital Contingency Reserve (1.32248) to fund growth related fleet projects.