Financial Impacts. The Inter-Local Agreement will potentially run for a period of five years, with this renewal term being for two years. The annual minimum payment the City will receive is $111,528.00. The agreement includes a fuel surcharge that will be adjusted semi-annually based upon the average diesel fuel cost provided by the City’s Fleet Management Department. Additional revenue can be realized through the sale of recyclable material, averaging $12,240 to $20,700 annually. The total amount of revenues received will depend on market conditions.
Financial Impacts. The federal STP-DA funds require a local match of $45,500. An additional $56,058 is needed for construction administration, inspections, testing, and right-of-way acquisition (to cover expenses that NCDOT will not reimburse), which increases the total local funding for the project to $101,558. Funds are available in the Federal-State Match CIP fund. The administration of the project will require a commitment of staff resources.
Financial Impacts. The current balance of the fund at the end of 2023 was $535,191. Funds are allocated to municipalities across the province on a per-capita basis based on the 2021 census. The following represents an estimate of the funds to be provided by AMO for the first five years (2024-2028) of the agreement. 2024 $295,223 2025 $307,524 2026 $307,524 2027 $319,825 2028 $319,825 For Council’s information, a comparison of Canada Community-Building Fund allocations for the municipalities in the County of Grey is available (Attachment 3).
Financial Impacts. The grant application indicates that the maximum federal share of project costs is 40%, the provincial share is 33.33% and the municipal share would be a minimum of 26.67%. The maximum the Town may receive is $3,466,396.51. The Town share of $1,260,722.69 is included in the 2022 budget and will be funded from the Water Asset Replacement Reserve Fund.
Financial Impacts. This project is funded in the CIP Wastewater Process Rehab and the Enhanced Nitrogen Removal Capital Improvement Projects. See below for further information.
Financial Impacts. The federal TIGER funds require a local match of up to $75,000 (the minimum required local contribution is $55,675, which is 20 percent, but in applying for the XXXXX xxxxx the City stated its willingness to provide a match of $75,000). Funds are available in the Transportation operating budget. The administration of the project will also require a commitment of staff resources.
Financial Impacts. The current Municipal Land Use Agreement requires The Blue Mountains Chamber of Commerce to pay an annual base rental fee of $1.00 payable for the building and advertising sign. The proposed amending Municipal Land Use Agreement provides for the same rental fee provision, the continuation of the Town providing property maintenance excluding building maintenance and providing winter snow removal maintenance and inspections from November 15 to March 31 based on the building utilizing a three-day operation schedule. The operational property maintenance and snow removal costs are included in the annual Parks and Trails operating budget. The cost of snow removal from December 1, 2021 to March 31, 2022 was $4,025 and the cost for grass cutting for 2021 was $2,858.99. The total operational cost for 2021 (including snow removal in 2022 January - March) was $6,883.99.
Financial Impacts. Although the length of the project is five years, funding is determined on an annual basis, with jurisdictions allowed to opt out of project if written notice is provided to the steering committee on or before March 1st of each year. The annual cost for Phase VII of the TAWSMP is $564,000. The USGS provides a forty-five percent cost share which equals to $254,000. The Project partners’ total annual cost for Phase VII is the remaining $310,000, plus $20,000 to TJCOG for management services and support. The City of Durham’s annual cost for Phase VII is $121,446. Funds were budgeted for fiscal year 2012-2103 in 5100P000-728600. The annual funding support provided by the TAWSMP Partners will continue through 2017, yet will be considered annually by the City.
Financial Impacts. There is no direct cost to participate in this program. There may be costs to associated with providing mutual aid, however the CFD already does so and this would not change any current practice; furthermore, the City will benefit when mutual aid is received through this program.
Financial Impacts. The Town will receive $1,054,717 in Federal Funding, $759,441 in Provincial Funding for all three projects. This additional funding from the Federal and Provincial governments, allows the Town to use is Asset Replacement Reserve Funds for other infrastructure projects.
