Growth Capital Budget 2015 to 2024 Growth Capital Budget 2015 to 2024 Forecast ... NORTHWEST BRANCH

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Transcript of Growth Capital Budget 2015 to 2024 Growth Capital Budget 2015 to 2024 Forecast ... NORTHWEST BRANCH

  • Growth Capital Budget 2015 to 2024 Forecast

    _____________________________________________________________________________________________________________________ 2015 Draft Budget for the City of London - December 8, 2014

    Page 899

  • ($000's)

    Page Prior 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Total 10 Yr Avg

    Cultural Services 901 1,500 3,330 3,330 8,160 666

    Economic Prosperity 904 13,745 1,255 5,000 5,000 25,000 1,126 Parks, Recreation & Neighbourhood Services 906 24,308 20,351 13,692 14,133 12,329 19,430 5,340 2,990 4,635 2,860 3,235 3,010 126,313 8,165 Planning & Development Services 923 2,288 324 150 50 50 50 50 50 50 50 50 50 3,212 60

    Protective Services 926 500 1,065 2,063 1,805 5,433 543

    Transportation Services 930 24,981 28,732 35,930 84,707 94,646 150,087 103,886 46,299 51,893 38,841 67,008 68,315 795,325 74,161 Total Growth Budget 66,822 49,407 51,027 104,390 113,090 174,960 112,606 51,144 56,578 41,751 70,293 71,375 963,443 84,721

    SUMMARY OF GROWTH PROJECTS EXPENDITURE BY SERVICE PROGRAM

    _____________________________________________________________________________________________________________________ 2015 Draft Budget for the City of London - December 8, 2014

    Page 900

  • Cultural Services Growth Summary

    Library Services pg Prior 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Total

    RC3464 Northwest Branch Library 902 750 3,330 4,080

    RC3466 Southeast Branch Library 903 750 3,330 4,080

    Total Library Services 1,500 3,330 3,330 8,160

    Total Cultural Services 1,500 3,330 3,330 8,160

    _____________________________________________________________________________________________________________________ 2015 Draft Budget for the City of London - December 8, 2014

    Page 901

  • Project Description

    To acquire land, design and construct a new full service branch library to accommodate population growth. The updated Development Charges review, along with the City of London Parks & Rec Master Plan

    identifies the need for community space in the northwest. Growth Related 43.7% (38.89% Dc Rate Supported). Growth splits are consistent with the 2014 DCBS.

    ___________________________________________________________________________________________________________________________________________________________________________________________________________________________

    Project Justification

    Based upon the Development Charges Review, the Library Board, at its May 2013 meeting, approved the change in construction date to 2019, based on projected population growth and the potential opportunity

    to partner with the City of London on a multi purpose facility.

    2910 DATE

    PREPARED/REVISED

    YR.

    2014

    MO. DAY

    Job Number Strategic ResultProject Title Department Division/RF Type Project Manager

    RC3464 NORTHWEST BRANCH LIBRARY Boards & Commission

    London Public Library

    S. Hubbard KrimmerEnriched Cultural Identity

    Classification

    Growth

    Entity

    Boards & Commissions

    Function

    Tangible Capital Asset

    Prior Years Budget

    2014 Approved Budget

    2015 Forecast

    2016 Forecast

    2017 Forecast

    2018 Forecast

    2019 Forecast

    2020 Forecast

    2021 Forecast

    2022 Forecast

    2023 Forecast

    2024 Forecast

    2025 And Beyond

    Total Budget

    NORTHWEST BRANCH LIBRARY

    EXPENDITURE

    DESIGN

    LAND ACQUISITION 750 750

    CONSTRUCTION 3,330 3,330

    OTHER

    EXPENDITURE 750 3,330 4,080

    SOURCES OF FINANCING

    RATE SUPPORTED

    DEBENTURE 383- 2,113- 2,496-

    RESERVE FUND

    RATE SUPPORTED 383- 2,113- 2,496-

    NON - RATE SUPPORTED

    RESERVE FUND 367- 367-

    DEBENTURE 1,217- 1,217-

    NON - RATE SUPPORTED 367- 1,217- 1,584-

    SOURCES OF FINANCING 750- 3,330- 4,080-

    NORTHWEST BRANCH LIBRARY

    PROJECT DETAIL RECORD CORPORATION OF THE CITY OF LONDON

    2015 Capital Budget with Forecasts (In 000's)

    _____________________________________________________________________________________________________________________ 2015 Draft Budget for the City of London - December 8, 2014

    Page 902

  • Project Description

    As previously identified and confirmed by the 2014 Development Charges Study, there is a need for a new full service branch library to accommodate population growth. Growth Related 79% (71.1% DC Rate

    Supported).

    ___________________________________________________________________________________________________________________________________________________________________________________________________________________________

    Project Justification

    The population standard for the current leased Pond Mills branch was exceeded in 2011. As well, the branch is already beyond capacity in terms of library standards. The library will be part of a new

    multi-purpose recreation centre in the southeast. This would replace the current Pond Mills branch.

    2910 DATE

    PREPARED/REVISED

    YR.

    2014

    MO. DAY

    Job Number Strategic ResultProject Title Department Division/RF Type Project Manager

    RC3466 SOUTHEAST BRANCH LIBRARY Boards & Commission

    London Public Library

    S. Hubbard KrimmerEnriched Cultural Identity

    Classification

    Growth

    Entity

    Boards & Commissions

    Function

    Tangible Capital Asset

    Prior Years Budget

    2014 Approved Budget

    2015 Forecast

    2016 Forecast

    2017 Forecast

    2018 Forecast

    2019 Forecast

    2020 Forecast

    2021 Forecast

    2022 Forecast

    2023 Forecast

    2024 Forecast

    2025 And Beyond

    Total Budget

    SOUTHEAST BRANCH LIBRARY

    EXPENDITURE

    DESIGN

    LAND ACQUISITION 750 750

    CONSTRUCTION 3,330 3,330

    OTHER

    EXPENDITURE 750 3,330 4,080

    SOURCES OF FINANCING

    RATE SUPPORTED

    DEBENTURE 249- 929- 1,178-

    RESERVE FUND

    RATE SUPPORTED 249- 929- 1,178-

    NON - RATE SUPPORTED

    RESERVE FUND 501- 2,401- 2,902-

    DEBENTURE

    NON - RATE SUPPORTED 501- 2,401- 2,902-

    SOURCES OF FINANCING 750- 3,330- 4,080-

    SOUTHEAST BRANCH LIBRARY

    PROJECT DETAIL RECORD CORPORATION OF THE CITY OF LONDON

    2015 Capital Budget with Forecasts (In 000's)

    _____________________________________________________________________________________________________________________ 2015 Draft Budget for the City of London - December 8, 2014

    Page 903

  • Economic Prosperity Growth Summary

    Economic Development

    pg Prior 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Total

    TS1308 Hwy 401 Interchange Projects 905 13,745 1,255 5,000 5,000 25,000

    Total Economic Development 13,745 1,255 5,000 5,000 25,000

    Total Economic Prosperity 13,745 1,255 5,000 5,000 25,000

    _____________________________________________________________________________________________________________________ 2015 Draft Budget for the City of London - December 8, 2014

    Page 904

  • Project Description

    Project represents City's contribution to agreement with Province to reconstruct four interchanges at the 401 and major City arteries: Wonderland Road, Veterans Memorial Parkway, Highbury Ave, and Colonel

    Talbot Road. Also includes widening of Highbury Avenue to six lanes from Highway 401 to Wilton Grove Road and extension of Veterans Memorial Parkway south to Wilton Grove Road. Partnership project

    provides a cost-effective opportunity for the City to achieve the required improvements. 77.1% Growth Related as per 2014 Development Charge Study.

    ___________________________________________________________________________________________________________________________________________________________________________________________________________________________

    Project Justification

    Will facilitate economic development along the Highway 401.

    2910 DATE

    PREPARED/REVISED

    YR.

    2014

    MO. DAY

    Job Number Strategic ResultProject Title Department Division/RF Type Project Manager

    TS1308 HWY 401 INTERCHANGE PROJECTS Environmental & Engineering

    Roads & Structures

    D. MacRaeEconomic Prosperity Classification

    Growth

    Entity

    Civic Departments Function

    Tangible Capital Asset

    Prior Years Budget

    2014 Approved Budget

    2015 Forecast

    2016 Forecast

    2017 Forecast

    2018 Forecast

    2019 Forecast

    2020 Forecast

    2021 Forecast

    2022 Forecast

    2023 Forecast

    2024 Forecast

    2025 And Beyond

    Total Budget

    HWY 401 INTERCHANGE PROJECTS

    EXPENDITURE

    DESIGN

    LAND ACQUISITION

    CONSTRUCTION 13,745 5,0005,000 25,0001,255

    RELOCATE UTILITIES

    CITY RELATED EXPENSES

    EXPENDITURE 13,745 5,0005,000 25,0001,255

    SOURCES OF FINANCING

    RATE SUPPORTED

    DEBENTURE 13,745- 13,745-

    RESERVE FUND

    RATE SUPPORTED 13,745- 13,745-

    NON - RATE SUPPORTED

    RESERVE FUND 5,000-5,000- 11,255-1,255-

    DEBENTURE

    NON - RATE SUPPORTED 5,000-5,000-