The Mar. 6, 2017, Regular Meeting of Council included:
Infrastructure Calgary Status Update
Council approved, in principle, program and project level infrastructure investments to support the City's continued efforts to enhance capital investment. Council directed Administration to return with implementation plans, including refined capital estimates, public consultation plans and financing strategies, to the Priorities and Finance Committee or the appropriate Standing Policy Committee as soon as possible for final approval by Council. Administration was also directed to reserve additional funds for emergent priorities, reporting back to Council no later than Q1 2018 and to update the capital infrastructure investment strategy as part of the capital planning for the 2018 budget process.
Council was further directed administration to explore the creation of an economic development fund to respond to the prolonged economic challenges and capitalize on new opportunities that will create jobs, drive economic recovery and revitalize the downtown core. This will include funding options and opportunities for public and private partnerships and report back through the Priorities and Finance Committee no later than Q2 2017.
The proposed capital infrastructure projects were recommended based on their ability to accelerate capital investment, provide short term economic stimulus, add resilience in the community, including flood protection, maintain and preserve The City’s existing infrastructure and community assets through lifecycle funding, build a great community through legacy investments, and leverage public and private investment. Many of the projects are shovel ready, and bring economic, social and environmental benefits to the city. The recommended projects are a way to invest in the community by using existing capital budgets, off-site levy and grant funding, with no new debt financing. Some of the projects are also legacy, city shaping projects that likely would not receive funding or be completed otherwise. The recommended projects are a combination of community and city-wide level investments and represent a range of short to long term investments.
Some of the implementation plans require further information and decisions from the Federal and Provincial government and will be brought forward after their respective budget announcements.
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