HomeMy WebLinkAboutTR-19-84 /0 "5 r Z ®`�' 3
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CORPORATION OF THE TOWN OF NEWCASTLE
TREASURY DEPARTMENT K. CAMPBELL, C.A., TREASURER
40 TEMPERANCE STREET TEL.(416) 623-3379
BOWMANVILLE, ONTARIO
LiC 3A6
REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
MEETING OF APRIL 2, 1984
REPORT NO. : TR-19-84
SUBJECT: FIVE YEAR CAPITAL FORECAST
RECOMMENDATION:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That the Five Year Capital Forecast be received
for information.
BACKGROUND AND COMMENT:
The Five Year Capital Forecast has been circulated to the
Mayor, Members of Council and Staff under separate cover.
Committee will note that the 1984 portion is shown in summary
only as Council has previously dealt with that matter.
The major highlights of the years 1985 to 1988 are detailed
below:
General Government:
The Administration Building has been included in the five
year forecast in the year 1988. In the years 1986 through 1988
a capital levy for this project is proposed to assist in the
funding of the construction. If Council wishes to see a
project of this magnitude proceed in future years it would he
prudent to provide funds each year to help offset the eventual ;
cost.
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TR-19-84
Public Works:
Significant road construction projects are proposed in
1985 through 1988. When these years are reviewed in more
detail the number and size of the projects will most likely
have to be reduced to come into line with MTC allocations
available for such work. All of the projects shown are
necessary and are included in the immediate needs of the Town,
but unfortunately, the Town does not have the financial
capacity to meet all of them.
The regular replacement of roads equipment is included
each year and funded from the Equipment Reserve.
Fire Department:
The major expenditures in the department relate to the
construction and equipping of a northern fire station in 1985,
equipment replacements and updating and the commencement of
renovations of the main fire station in 1988 for completion in
1989. There has been no contribution from the Ontario Hydro
Impact Funds shown, since this will not be known until the
completion of the Fire Study in June of 1984.
Community Services:
The major project in the next five ,years relates to the
replacement of the Rowmanville Arena. Staff have shown this
project for commencement in 1987, as it is the general
preception of staff that it will take until that date to get
the necessary fundinq committments into place to meet the
construction costs. The committement from Council of 25% of
the costs of this project has been shown over the period from
1987 to 1989, out of the general tax levy. The delay in this
project may necessitate some capital repairs to the present
Rownanville Arena inorder to keep it open for public use.
These capital repair costs would he addressed in each fiscal
year, as necessary.
Another project proposed is the installation of flood
lights in Soper Creek Park for the baseball diamonds in 1985.
Other capital items are principally the replacement and
updating of various equipment. Items deferred to 1989 and
later include the expansion of the zambonie room at the
Darlington Sports Centre and the construction of a Community
Services Equipment Depot.
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TR-19-84
Cemeteries
The construction of a service and storage depot at the
Bowmanville Cemetery has been included in 1985. This matter
was discussed for the 1984 budget but deferred to 1985 pending
a review of the entire municipal building inventory and its
uses.
Community Centres:
Pending the establishment of the Newcastle Community
Services Planning Board and the recommendations which might
come from that Board to Council , no major capital works for
Community Centres have been included in the Five Year Capital
Forecast for the years 1985 - 1988.
Respectfully submitted,
Kathry A. Campbell , C.A. , B.Comm. ,
Treasurer.
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Attachment:
1984 Five Year Capital Forecast (First Draft)
(Handed out under separate cover)
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