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HomeMy WebLinkAboutTR-03-01 .., '-- - THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: General Purpose and Administration Committee File #: 115/ Res,#:0 pp -{)q'3,v I Date: January 22, 2001 Report #: TR-03-01 File #: By-Law #: Subject: TRAFFIC LIGHTS AT HOLT ROAD I HIGHWAY #2 Recommendations: It is respectfully recommended the General Purpose and Administration Committee recommend to Council the following: 1 , THAT Report TR-03-01 be received; 2. THAT the Municipality of Clarington request the Region of Durham to install traffic lights, including infrastructure requirements, at the intersection of Highway # 2 and Holt Road; and 3, THAT the Region of Durham be requested to access the Station "A" Clarington/Region Reserve Fund to fund the project; FORTHWITH Background: The Municipality of Clarington received a request from the Power Workers Union to consider installation of lights at the intersection of Highway # 2 and Holt Road in Courtice, In light of the economic development contribution this project would provide, the Mayor requested that Finance investigate funding options for this project. Staff have reviewed the provisions of the agreement developed with Ontario Hydro, the Region and the Municipality of Clarington, The agreement, adopted through ADMIN-9-93, provides that the Municipality may access the funds in the Station "A" Reserve Fund, with agreement from the Region of Durham for infrastructure requirements in Courtice, This project fits within the criteria for use of the Reserve Fund, The Reserve Fund has a balance of approximately $3,8 million, and the project is estimated to be approximately $300,000. The project has been discussed with Finance staff at the Region of Durham. They are prepared to recommend the project to the Finance and Administration Committee of January 31,2001, 913 . .... - -. - Report TR-03-01 Page 2 TRAFFIC LIGHTS AT HOLT ROAD I HIGHWAY #2 Respectfully submitted, Reviewed by, ne Marano, HBSc" AMCT, CMO" Treasurer. il' /}n <~/', \j l/~.~~ Franklin Wu, Chief Administrative Officer. MMllhjl 914