General Committee - Monday, October 18, 7pm
Updated: Nov 18, 2022
Highlights of this meeting include approving the Water Asset Management Plan, and a renegotiation of the BIA's unpaid $2,347,613 commitments to the city for the Dunlop Streetscape and Meridian Place projects
Watch online: https://youtu.be/tfvbjaiVkbo
Circulation list: https://barrie.legistar.com/MeetingDetail.aspx?ID=878547&GUID=478C7646-080C-48A4-8539-0CA06ED5B317&Options=info|&Search=
🚰🏭 Presentation: Water Asset Management Plan
Presentation by Corporate Asset Management: https://barrie.legistar.com/View.ashx?M=F&ID=9884250&GUID=D48A9C88-DF71-4AC2-B8B7-DCE33C470A85
Continuing discussions on asset management
State of the City's water assets and service levels
Snapshot of current and future funding challenges
🚰🏭 Approval of Water Asset Management Plan
Staff report: https://barrie.legistar.com/View.ashx?M=F&ID=9884253&GUID=A4886E3B-E095-4AB2-A126-5A3628C81F69
2021 Water Asset Management Plan - SLBC Inc.: https://barrie.legistar.com/View.ashx?M=F&ID=9884252&GUID=48FAADAC-8559-47F8-A3FB-27AD488B881C
Staff is recommending that Council approve the plan of September 29.
🏦🤝 Downtown Barrie Business Association (BIA) Financial Commitments
Staff Report: https://barrie.legistar.com/View.ashx?M=F&ID=9884256&GUID=892F7DC5-409B-4F18-AC60-8C6685F4296F
Renegotiating the BIA's financial commitments associated with the Dunlop Streetscape ($300,000) and Meridian Place ($3,351,775) projects – of which $2,347,613 (over 70%) is still outstanding.
Current agreement is to pay the remaining funds over 10 years beginning in 2022, at 4.25% interest.
No payment has been made towards the Dunlop Streetscape commitment
$1,675,887 was supposed to have been paid by special BIA levy, and $1,675,888 by BIA fundraising
The special levy has not been used to pay down the BIA's debt, but $162,941 of additional fundraising commitments have been put towards this portion, bringing the outstanding levy amount owed to $1,512,946
The BIA has fundraised $1,838,829 – however, only $1,304,162 of that has been paid to the city, leaving $534,667 (which it appears are pledges that have not yet been collected)