WITH RESPECT to Report 336-2025-Corporate Services-Finance, we recommend that the proposed 2026-2027 Capital Budget be approved as outlined in this Report;
AND THAT the 2026 Capital Budget of $159,997,300 as outlined in this Report be financed as follows:
Capital Financed by the Tax Levy$ 23,043,400
Debenture (Regular Tax-Supported)$ 7,648,600
Debenture (Special Tax-Supported)$ 20,550,000
Debenture (Waterworks)$ 4,600,000
Debenture (Wastewater)$ 9,000,000
Internal Loan (Parking)$ 111,900
Grants$ 56,160,300
Developer Contributions$ 1,030,000
Tax-Supported Reserve and Reserve Funds$ 11,729,000
Land Development Account$ 1,636,000
Waterworks Reserve Fund$ 12,650,000
Wastewater Reserve Fund$ 9,112,500
Solid Waste – Landfill Reserve Fund$ 2,663,800
Boater Services Capital Reserve Fund$ 61,800
AND THAT the 2027 Capital Budget of $148,044,700 as outlined in this Report be financed as follows:
Capital Financed by the Tax Levy$ 24,505,000
Debenture (Regular Tax-Supported)$ 7,648,600
Debenture (Special Tax-Supported)$ 10,550,000
Debenture (Waterworks)$ 4,600,000
Debenture (Wastewater)$ 3,248,900
Debenture (Boater Services)$ 250,000
Internal Loan (Parking)$ 1,156,500
Grants$ 48,620,300
Tax-Supported Reserve and Reserve Funds$ 10,767,100
Waterworks Reserve Fund$ 20,740,400
Wastewater Reserve Fund$ 12,083,200
Solid Waste – Landfill Reserve Fund$ 3,270,000
Boater Services Capital Reserve Fund$ 404,700
Parking Reserve Fund$ 200,000
AND THAT any necessary by-laws be presented to City Council for ratification.