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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

Agenda: https://barrie.legistar.com/View.ashx?M=A&ID=873293&GUID=F5CF3E9B-DA69-4CA1-B4C8-19527D36124E

Circulation list: https://barrie.legistar.com/MeetingDetail.aspx?ID=878547&GUID=478C7646-080C-48A4-8539-0CA06ED5B317&Options=info|&Search=


๐Ÿšฐ๐Ÿญ Presentation: Water Asset Management Plan



๐Ÿšฐ๐Ÿญ Approval of Water Asset Management Plan


๐Ÿฆ๐Ÿค 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 โ€“ 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 โ€“ 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)