Title
ESTABLISHMENT OF A COMMUNITY FACILITY IMPROVEMENT RESERVE
Moved by: Councillor, B. Ward
Seconded by: Mayor, J. Lehman
1. That a Community Facility Improvement Reserve be established to provide one-time capital funding for local not-for-profit organizations related to their community facility projects, to allow such organizations to access matching capital funding.
2. That an initial $200K contribution from the Community Benefit Reserve be used to fund the Community Facility Improvement Reserve as a one-time contribution.
3. That staff in the Planning and Building Services Department be requested to review the potential to utilize a portion of Section 37, of the Planning Act, bonusing dollars to contribute on an ongoing basis to the Community Facility Improvement Reserve and report back to General Committee regarding a fulsome application and process associated with grant requests.
4. That the maximum balance of the Community Facility Improvement Fund be capped at $300K at any time and that the one-time contribution from the Community Benefit Reserve be re-paid.
5. That in the interim, the David Busby Centre be provided a grant from the Community Facility Improvement Reserve in the amount of $200,000 to allow the Busby Centre to access matching capital funding.
AMENDMENT #1
Moved by: Councillor B. Ward
Seconded by: Councillor D. Shipley
That the Direct Motion concerning the Establishment of a Community Facility Improvement Reserve, be amended in paragraph 5 by:
a) Deleting the words "to allow the David Busby Centre to access matching capital funding."; and
b) Adding the following words to the end of the sentence:
"with the release of the grant subject to the Mayor and Chief Administrative Officer being satisfied with the long term viability of the project and the David Busby Centre be required to provide a report and presentation to City Council regarding a description of how the funds were utilized and whether additional funds were able to b...
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