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Home My WebLink AboutFND-016-20Clarington Staff Report If this information is required in an alternate accessible format, please contact the Accessibility Coordinator at 905-623-3379 ext. 2131. Report To: General Government Committee Date of Meeting: June 1, 2020 Report Number: FND-016-20 Submitted By: Trevor Pinn, Director of Finance/Treasurer Reviewed By: Andrew C. Allison, CAO By-law Number: File Number: Resolution#: GG-168-20, C-281-20 Report Subject: Annual Statement for the Development Charges Reserve Funds for the Year Ended December 31, 2019 Recommendations: 1. That Report FND-016-20 be received; and 2. That a copy of this report be posted on the Municipality's website. Municipality of Clarington Report FND-016-20 Report Overview Page 2 This report complies with the reporting requirements of Section 43 of the Development Charges Act, 1997 to disclose the annual activity in the Development Charges Reserve Funds for 2019. 1. Background 1.1 In accordance with the Development Charges Act, 1997, Schedule "A" attached shows the activity in the Development Charges Reserve Funds for the year ended December 31, 2019, including opening and closing balances. 1.2 Schedule "B" attached shows capital projects which were funded during the year ended December 31, 2019 with development charges. The table shows the total expenses, development charge financing and non -development charge financing. 1.3 Schedule "C" attached shows operating expenses which were funded during the year ended December 31, 2019 with development charges. The table shows the total expenses, development charge financing and non -development charge financing. 1.4 Schedule "D" attached shows projects which have been previously approved by Council through resolution or prior years' budgets. The amount committed relates solely to the development charges portion. 1.5 This statement is compliant with Section 59.1(1) of the Development Charges Act. 2. Additional Information 2.1 For the year ended December 31, 2019, a total of 535 residential building permits were issued of various types. Approximately 805 units were anticipated for 2019 in the 2015 Development Charges Background Study. A total of 38 capital fund (2018 — 43) and 14 (2018 — 15) revenue fund projects have been financed by development charges. 2.2 The Municipality collected $3,361,490 in municipal development charges in 2019, this compares to $13,431,649 in 2018. 2.3 The Municipality's current DC By-law has an expiry date of July 1, 2020. However, the Province of Ontario has passed legislation which delays the expiry of current by-laws to six months after the emergency orders for the COVID-19 pandemic have been lifted. Therefore, on July 1, 2020 there will be no change to the development charges and the existing by-law will remain in effect. 2.4 On May 2, 2019 the Province of Ontario announced Bill 108 which has implications for several areas of legislation including the Development Charges Act, 1997. On February 28, 2020 the Province released a proposed regulation which provided for a transition period of 12 months once the regulation was enacted in order to move from Municipality of Clarington Report FND-016-20 Page 3 development charges to community benefits charges for those services no longer eligible under the Development Charges Act 1997. As well, the proposed regulation would identify public libraries, long-term care facilities, parks development (but not the land), public health and recreation facilities as eligible services under the Development Charges Act 1997. This has reduced the ineligible services which may be eligible for collection under the CBC and improves the predictability of funding for those services. 2.5 As identified in Schedule "A", the Indoor Recreation DC Reserve Fund has a $0 balance at December 31, 2018 with a remaining interim financing balance of $127,904 and a 2019 debenture payment of $1,730,544. The Municipality needed to collect at least $1,858,448 of indoor recreation development charges in 2019 to bring the reserve fund out of a deficit. As the collected development charges were only $844,559 in 2019 the reserve fund went approximately $1,014,000 further into deficit. When the 2020 debt payment amount of $1,616,352 is taken into account the Municipality needs to collect $2,630,240 to eliminate the deficit, in 2018 the Municipality collected $3,652,400 so it is possible that the deficit could be eliminated in 2020 or 2021 if collection of development charges rebounds from 2019 amounts. 3. Concurrence Not Applicable 4. Conclusion It is respectfully recommended that the Annual Statement for the Development Charges Reserve Funds be received for information and made available to the public by posting on the Municipality's website. Staff Contact: Paul Creamer, CPA, CMA, Deputy Treasurer, 905-623-3379 ext.2604 or pereamer@clarington.net. Attachments: Attachment 1 — Schedule "A" Development Charges Reserve Funds Activity 2019 Attachment 2 — Schedule "B" Development Charges Reserve Funds Capital Projects 2019 Attachment 3 — Schedule "C" Development Charges Reserve Funds Operating Expenses 2019 Attachment 4 — Schedule "D" Development Charges Reserve Funds Committed Projects Interested Parties: There are no interested parties to be notified of Council's decision. Municipality of Clarington Development Charges Reserve Funds Statement For the 2019 Year Attachment 1 to FND-016-20 Schedule A 580 581 582 583 584 585 586 587 General Library Fire Protection Indoor Park Dev. & Operations Roads and Parking Total Government Services Services Recreation Related Facilities Related Balance as of December 31, 2018 $ 1,715,851 $ 1,146,851 $ 5,205,042 $ - $ 2,887,278 $ 3,997,385 $ 25,087,532 $ 449,737 $ 40,489,676 Plus: Development Charge Proceeds (85,150) (131,301) (180,803) (844,559) (268,531) (175,498) (1,666,612) (9,036) (3,361,490) Accrued Interest Apportionment (49,948) (39,366) (169,998) (91,056) (117,929) (755,746) (14,509) (1,238,551) Transfer from Revenue Fund Transfer from Capital Fund - Subtotal 135,098 170,667 350,801 844,559 359,587 293,427 2,422,358 23,545 4,600,041 Less: Amount Transferred to Capital Fund - - 315,979 608,634 3,503,187 4,427,799 Amount Transferred to Revenue Fund** 348,406 105,146 1,730,543 - 126,359 2,310,454 Re a ment of Interim Financing from Reserve Funds - 127,904 - - - 127,904 Subtotal 348,406 105,146 1,858,447 315,979 608,634 3,629,547 6,866,157 Closing Balance as of December 31, 2019 1,502,543 1,212,372 5,555,843 1,013,888 2,930,887 3,682,178 23,880,343 473,282 38,223,560 Committed Amounts from Prior Years 1,083,820 351,607 - 1,383,820 1,609,180 14,050,418 18,478,846 Available at December 31, 2019 418,723 860,765(5,555,843)11,013,888 1,547,066 2,072,998 9,829,925 473,282 19,744,714 Committed Amounts from 2020 Budget" 333,000 198,096 162,000 1,616,352 1,431,991 1,318,500 5,485,594 10,545,533 Balance remaining of Interim Financing from Reserve Funds - - - - - - - - - Balance Available for Future Needs $ 85,723 $ 662,669 $ (5,LL8431 $ 2,630,240 $ 115,075 $ 754,428 $ 4,344,331 $ 473,282 $ 9,199,181 See Schedule B ** See Schedule C *** See Schedule D **** 2020 Budget (includes 2020 debenture payments) Note: brackets = funds available, no brackets = shortfall Total Development Charges collected on behalf of the Region in Dec 2018/2019 $ 5,181,822.97 Less: amounts paid to the Region 2019 5,178,368.97 Total Development Charges due to the Region at December 31, 2019 $ 3,454.00 Attachment 2 to FND-016-20 Schedule B Municipality of Clarington Development Charges Reserve Funds Statement For the 2019 Year Total Expenses I D/C R/F I Non D/C Capital Expenses For 2019 Financing Financing Description D/C - Park Development & Related Facilities Bowmanville Valley Trail Courtice Leash Free Dog Park Soper Creek Park Trail Outdoor Recreation Needs Study Farewell Creek Park Trail D/C - Operations New Equip Purch - 2018 Roads New Equip Purch - 2019 Roads Bowmanville Cemetery Expansion Hampton Office Expansion Depot 42 - 2012 Two Tandem Trucks D/C - Roads And Related Street lighting - Baseline Rd (Green Rd to West Side Dr) Street lighting - Courtice Rd (South of Holyrod Dr) Street lighting - Concession Road 3 Streelights - Regiona Rd 57 (Conc 3 to Urban Limit) Streetlights - Baseline Rd & Lambs Rd Nash Rd (Future Clarington Blvd) Longworth Ave Extension EA (Green Rd to Holt Rd) Middle Rd Reconstruction (ConcRd#3 to Urban Limit) Darlington Blvd ( South Limit to Hwy 2) Baseline Rd Reconstruction Baseline Rd (Lambs to Bennett) Grady Drive Environmental Assessment Completion North Scugog Crt Surface Asphalt (Dan Sheehan Lane to W Scugog Lane) Scugog St / Middle Rd (Bons Ave to Conc Rd 3) George Reynolds Dr Concession Road 3 (Middle Rd to Liberty St) Lake Rd Extension (Bennett to 310m West) Port Darlington Subdivision Rd 29,308 26,377 2,931 6,156 5,535 615 253,003 227,702 25,300 34,487 31,038 3,449 45,930 25,326 2,814 - - 8,138 9,652 368,884 $ 315,979 $ 52,899 $ 572,539 $ 515,285 $ 57,254 73,787 66,409 7,379 1,528 1,375 153 6,647 5,982 665 3,000 2,700 300 18,758 16,882 1,876 676,260 26,825 20,054 215 30,352 13,997 5,273 23,573 180,138 357 8,638 1,666,059 13,215 15,484 73,990 1,221 188,525 2,199 762,382 608,634 25,054 20,054 178 30,352 13,997 4,271 23,573 149,515 285 7,775 1,666,059 13,215 13,781 54,013 1,221 161,437 1,957 762,382 $ 67,626 1,770 37 1,002 30,624 71 864 1,703 19,977 27,087 242 Mun Cap Works R/F Mun Cap Works R/F Eng Park Cap R/F Mun Cap Works R/F Mun Cap Works R/F OMCC Provincial Grant Tax Levy Mun Cap Works R/F Mun Cap Works R/F Mun Cap Works R/F Tax Levy Mun Cap Works R/F Mun Cap Works R/F Mun Cap Works R/F Mun Cap Works R/F Mun Cap Works R/F Mun Cap Works R/F Mun Cap Works R/F Mun Cap Works R/F Mun Cap Works R/F Mun Cap Works R/F Mun Cap Works R/F Mun Cap Works R/F Attachment 2 to FND-016-20 Schedule B Municipality of Clarington Development Charges Reserve Funds Statement For the 2019 Year Total Expenses D/C R/F Non D/C Capital Expenses For 2019 Financing Financing Description Lambs Rd Interchange at Highway 401 297 297 King St Cycling Facility 3,966 1,983 1,983 Mun Cap Works R/F Lambs Rd (Baseline to 275m N of Baseline Rd) 566,928 510,235 56,693 Mun Cap Works R/F Lambs Rd (Hwy 2 to Conc St E) 6,148 5,533 615 Mun Cap Works R/F Baseline Rd Reconstruction (Trulls Rd to Courtice Rd) 33,354 31,353 2,001 Mun Cap Works R/F Liberty St DC Sidewalk (Longworth to Bons) 509 509 Scugog St Intersection Improvements 7,532 1,351 6,181 Mun Cap Works R/F Green Rd Intersection Improvements 2,658 2,658 Various Erosion Protection Works 225 150 75 Mun Cap Works R/F $ 3,654,113 $ 3,503,187 $ 150,925 Total Capital Expenses $ 4,699,256 $ 4,427,799 $ 271,451 Summary of Financing: - 315,979 - D/C - Park Dev/Related Facilities R/F - 608,634 - D/C - Operations R/F - 3,503,187 - D/C - Roads and Related R/F - - 227,695 Municipal Capital Works R/F - - 25,300 Engineering Parks Capital R/F - - 8,138 OMCC Provincial Grant - - 10,317 Tax Levy Total Financing $ 4,699,256 $ 4,427,799 $ 271,451 Attachment 3 to FND-016-20 Schedule C Municipality of Clarington Development Charges Reserve Funds Statement For the 2019 Year Total Expenses D/C R/F Non D/C R/F REVENUE FUND EXPENSES For 2019 Financing Financing Description D/C - General Government Secondary Plan - Bowmanville West Urban Centre $ 45,797 $ 38,707 $ 4,301 Prof Fees $ 2,789 Tax Levy Secondary Plan - Bowmanville East 107,600 96,808 10,756 Prof Fees 36 Tax Levy Secondary Plan - Energy Park 32,958 1,999 708 Prof Fees 29,202 Recoverable from Developer 1,048 Tax Levy Secondary Plan - Tooley Robinson 57,128 25,387 2,821 Prof Fees 27,720 Recoverable from Developer 1,199 Tax Levy OP Appeal Legal Costs 131,011 65,505 65,505 Prof Fees DC Study 37,417 37,417 Planning - Official Plan Review 28,659 28,659 Operations - Needs Study 58,250 53,923 4,327 Prof Fees $ 498,819 $ 348,406 $ 150,413 D/C - Library Services 2019 Library Collections Capital Funds to Library $ 30,000 $ 27,000 $ 3,000 Tax Levy Contribution towards Debenture Debt - Courtice Library 78,146 78,146 - 108,146 105,146 3,000 D/C - Indoor Recreation Contribution towards Debenture Debt- Newcastle District Recreation Ctr $ 1,757,651 $ 1,581,886 $ 175,765 Tax Levy Contribution towards Debenture Debt- Bowmanville Indoor Soccer 165,175 148,657 16,517 Debt Retirement RF $ 1,922,826 $ 1,730,543 $ 192,283 D/C - Roads and Related Engineering Design - Misc Expense 41,227 20,614 20,614 Tax Levy Engineering Design - Baseline Rd 105,746 105,746 $ 146,973 $ 126,359 $ 20,614 Total Revenue Fund Expenses $ 2,676,764 $ 2,310,454 $ 366,310 Attachment 3 to FND-016-20 Schedule C Municipality of Clarington Development Charges Reserve Funds Statement For the 2019 Year Total Expenses D/C R/F Non D/C R/F REVENUE FUND EXPENSES For 2019 Financing Financing Description Summary of Financing: $ - $ 348,406 D/C - General Goverment - 105,146 D/C- Library Services - 1,730,543 D/C-Indoor Recreation - 126,359 D/C - Roads and Related - 16,517 Debt Retirement R/F - 204,450 Tax Levy - 88,419 Professional Fees Reserve - 1 1 56,923 Recoverable from Developer TOTAL FINANCING $ 2,676,764 1 $ 2,310,454 1 $ 366,310 Attachment 4 to FND-016-20 Schedule D Municipality of Clarington Development Charges Reserve Funds Statement For the 2019 Year Committed Amounts From Prior Years' Budgets and Council Approvals Year Project Description Amount Committed Reserve Fund: D/C - General Government 2008 Operating 2017 Plan -OP Review-Courtice Industrial/special study area 4 Bow. West Sec Plan $ 1,921 Plan -OP Review -Consulting services growth mangement & Intensification-Courtice Industrial/special 2009 Operating 2017 study 4 Bow. West Sec Plan 80,805 2011 Operating Planning studies -Technology Park-streetscape zoning bylaw 23,166 2011 Operating Plan -OP review-miscellaneous/contingency 11,348 2011 Operating 2017 Plan -OP review -commercial policy review-Courtice Industrial/special study 4 Bow. West Sec Plan 22,693 2012 Operating Planning studies -Technology & Planning/Review project 27,686 2015 Unexpended Planning studies -zoning bylaw review-90% DC [10% Prof fees Res tax levy] 108,639 2016 Operating Operations -needs study [10% Prof fees Res tax levy] PO#11074 5,991 2016 Operating Plan studies -waterfront vision implementation plan [10% Prof fees Res tax levy] 90,000 2017 Council Secondary Plan Agreement template [10% tax levy] 18,000 2017 Operating Planning Studies-Tooley Robinson Subwatershed Study 109,853 2017 Operating Planning Studies -Bow East Town Ctre Sec Plan 56,328 2017 Operating Planning Studies-Courtice Industrial/special study 4 Courtice Employment Lands 135,000 2017 Operating Planning Studies-Courtice Industrial/special study 4 Energy Business Park Update 14,000 2018 Bowmanville East Secondary Plan 90,491 2018 Bowmanville West Secondary Plan 14,400 2018 Energy Business Park Update 2,501 2018 Operating OP Appeal Legal Costs 2,414 2019 Operating DC Study 34,583 2019 Operating OP Appeal Legal Costs 90,000 2019 Operating Planning Studies 144,000 Total Committed: $ 1,083,820 Reserve Fund: D/C - Library Services 2016 Capital Library Collection $ 76,840 2017 Capital Library Collection 127,589 2018 Capital Library Collection 19,589 2019 Capital Library Collection 127,589 Total Committed: $ 351,607 Reserve Fund: D/C - Park Development & Related Facilities 2017 Capital Farewell Creek Park Trail - Phase 1 $ 10,652 2017 Capital Courtice Dog Park 8,381 Page 1 of 5 Attachment 4 to FND-016-20 Schedule D Municipality of Clarington Development Charges Reserve Funds Statement For the 2019 Year Committed Amounts From Prior Years' Budgets and Council Approvals Year Project Description Amount Committed 2017 Capital Waterfront Trail Extension - Bennet Rd Easterly to Existing Trail 4,500 2018 Capital Budget Bowmanville Valley Trail (Baseline to Waterfront) 355,912 2018 Capital Budget Soper Creek Park trail - Phase 2 29,721 2018 Operating CONSULTING -PARKS DESIGN [10% tax levy] 13,500 2019 Capital Budget Bowmanville Valley Trail (Baseline to Waterfront) 134,132 2019 Capital Budget Newcastle Community Park - Phase 1 67,500 2019 Capital Budget Toyota Trail 189,000 2019 Capital Budget Outdoor Recreation Needs Study 36,462 2019 Capital Budget Farewell Creek Trail - Phase 2 407,193 2019 Operating CONSULTING -PARKS DESIGN [10% tax levy] 13,500 COD-018-19 trsf of funds from 110-32-325-83257- 7401 Sidewalk - Pave the Waterfront Trail (Waverly Rd to West Beach Rd) 113,369 Total Committed: $ 1,383,820 Reserve Fund: D/C - Operations 2013 Capital Depot 42 Operations Centre - Construction of Pole Barn/Quonset Hut $ 255,028 2016 Capital Depot 42 Operations Centre - Construction of Pole Barn/Quonset Hut 675,000 2017 Capital Bowmanville Cemetery expansion -design 21,125 2018 Capital Budget Operations Depot Improvements 67,500 2018 Capital Budget 2018 - Fleet New - Roads 4,231 2019 Capital Budget 2019 - Fleet New - Roads 586,296 Total Committed: $ 1,609,180 Page 2 of 5 Municipality of Clarington Development Charges Reserve Funds Statement For the 2019 Year Committed Amounts From Prior Years' Budaets and Council Aaarovals ear Reserve Fund: 2011 Capital 2011 Capital 2011 Capital 2011 Capital 2013 Capital 2014 Capital 2015 Capital 2015 Capital 2015 Capital 2015 Capital 2016 Capital 2016 Capital 2016 Capital 2016 Capital 2016 Capital 2016 Capital 2016 Capital 2016 Capital 2016 Capital 2017 Capital 2017 Capital 2017 Capital 2017 Capital 2017 Capital 2017 Capital 2017 Capital 2017 Capital 2018 Capital 2018 Capital 2018 Capital 2018 Capital 2018 Capital 2018 Capital 2018 Capital 2018 Capital Project Description D/C - Roads and Related Rudell Rd Reconstruction North Scugog Court Baseline Rd Sidewalk- Green to Westside Brookhill Tributary Nick Point Remedial Work- C/P closed in 2018, project projected for 2020 Budget Port Darlington Waterfront Park East Beach Phase 1 Brookhill Blvd Oversizing Sidewalk-Rudell Rd (Sunset Blvd to Hart) Baseline Rd Streetlighting(Green Rd to West Side Dr) Rudell Rd Reconstruction Scugog St./Middle Rd Reconstruction Street lights-Courtice Road (south of Holyrod Dr) Lambs Road interchange at Hwy 401 - cost/benefit study Liberty St sidewalk (Longworth to Bons -west side) King St streetscape (RR57 to Bow Creek) Longworth Ave extension EA (Green to Holt) Middle Rd reconstruction (Con Rd 3 to urban limit) Soper Creek pedestrian link to Camp 30 Grady Drive ( at Foster Creek) Environmental Assessment Completion North Scugog Court surface asphalt (Dan Sheehan to West Scugog) Longworth Ave Culvert at Brookhill Tributary George Reynolds Dr Extension King St Cycling Facility ( RR 57 to Roenigk Dr) North Street Sidewalk (George to Remi) Green Rd at Stevens Rd Traffic Signals Scugog St at Wellington St Intersection Improvements Longworth Ave and Green Rd Intersection King St at Scugog - Intersection Improvements Street lighting - RR57 (Hwy2 to 150m N of Stevens Rd) Street lighting - RR57 (Conc Rd 3 to Urban Limit) Darlington Blvd (South limit to Hwy2) Baseline Rd (Lambs to Bennett) Green Rd (Harvey Jones to Ross Wright) Lake Rd Extension (Bennett Rd to 310m west) King St Cycling Facility Lambs Rd (Baseline to 275m N of Baseline Rd) Attachment 4 to FND-016-20 Schedule D Amount Committed 62,645 335,164 71,272 7,101 1,611 310,000 43,000 12,498 60,000 136,900 4,464 13,321 97,491 4,315 59,860 74,319 338,400 109,831 7,656 67,000 59,670 10,517 85,000 24,695 19,880 38,126 9,496 20,000 309,648 66,979 806,110 70,890 67,146 125,000 121,969 Page 3 of 5 Municipality of Clarington Development Charges Reserve Funds Statement For the 2019 Year Committed Amounts From Prior Years' Budaets and Council Aaarovals ear )18 Capital )18 Capital )18 Capital )18 Capital )18 Capital )18 Capital )18 Capital )18 Capital )18 Memo )18 Operating )18 Operating )19 Capital )19 Capital )19 Capital )19 Capital )19 Capital )19 Capital )19 Capital )19 Capital )19 Capital )19 Capital )19 Capital )19 Capital )19 Capital )19 Capital )19 Capital )19 Capital )19 Capital )19 Capital )19 Capital )19 Capital )19 Capital )19 Capital )19 Operating )19 Operating )19 Operating L2016-17 Project Description Lambs Rd (Hwy2 to Concession St E) Sidewalk - RR 34 /Courtice Rd - (Nash Rd to Urban Limit) Sidewalk - RR 57 (Conc Rd 3 to Urban Limit) East Side Sidewalk - RR 57 Multi -use Trail - Aspen Springs to Hwy2) Traffic Signals - Green Rd at Stevens Rd Intersection Improvements - King St @ Scugog St Intersection Improvements - Green Rd @ Boswell Various Erosion Protection Works Port Darlington subdivision Rd (Port Darlington to east) 50% North Newc Drainage Study Eng - design Street lighting - Baseline Rd & Lambs Rd Nash Rd (Future Clarington Blvd) North Scugog Court (Dan Sheehan lane to Conc Rd 3) Middle Rd reconstruction (Con Rd 3 to urban limit) Baseline Rd Reconstruction (Haines to Lambs Rd) Baseline Rd Reconstruction (Mearns to Haines) Baseline Rd Structure ( W of Green Rd ) Hancock Rd Box Culvert (S of Nash rd) Scugog St / Middle Rd Reconstruction Trulls Rd Reconstruction (S of Yorkville Dr to Bloor St) George Reynolds Dr Extension Concession Rd 3 Reconstruction ( Middle to Gimblett St) Lambs Rd Interchange @ Hwy 401 - Environmental Assessment Nash Rd Rehabilitation & Bicycle Facilities (Soling Rd to Hancock Rd) Queen St Extension (St.George to Frank St) Trulls Rd Rural Upgrade (Baseline Rd to Bloor St) Prestonvale Rd Reconstruction (Baseline Rd to S of Southfield Ave) Lambs Rd Reconstruction (Concession St E to CPR) Baseline Rd Reconstruction (Trulls Rd to Courtice Rd) Sidewalk - Pave the Waterfront Trail (Waverly Rd to West Beach Rd) Traffic Signals - King Ave Corrior Study (North St to RR17) Various Erosion Protection Works Eng - design Green Road - debenture payment (Jul 2) 50 % North Newc Drainage Study Pavement Rehabilitation -Green Road cycling lanes [DC -project #25] - trsf UECF from Trulls Rd for CL Attachment 4 to FND-016-20 Schedule D Amount Committed 1,948,060 16,696 248,530 15,000 225,000 22,050 122,507 29,535 142,719 11,500 21,141 186,003 20,155 186,900 186,750 68,980 63,240 35,000 69,444 61,334 18,148 2,350,000 116,221 300,000 450,000 20,000 3,668 13,304 17,806 2,325,397 126,000 1,503 133,340 72,500 541,802 11,500 12,003 Page 4 of 5 Attachment 4 to FND-016-20 Schedule D Municipality of Clarington Development Charges Reserve Funds Statement For the 2019 Year Committed Amounts From Prior Years' Budgets and Council Approvals Year Project Description Amount Committed COD-020-13 Port Darlington Waterfront Park East Beach Phase 1 -- add'I financing 110,000 EGD-020-16 Green Rd Grade Separation- trf'd from Conc Rd#3 (Middle to Liberty) 89,194 PO#10021 CIMA-Clarington Ponds/Clarnew, Newc & WestSide, Bow [50% Prof fees tax levy] 5,068 PO#8394 Eng - design - CIMA/Longworth Ave W. EA [50% Prof Fees Res] 446 Total Committed: $ 14,050,418 Total Committments to Development Charges Reserve Funds $ 18,478,846 Page 5 of 5