2006 - 2008 Capital Plan Borrowing Questions
During the general municipal election on November 19, 2005 you will be asked to give Council the authority to borrow these funds.
1. PUBLIC WORKS
This question seeks authority to borrow funds to be used in carrying out the basic capital works program with respect to Public Works.
ARE YOU IN FAVOUR OF COUNCIL HAVING THE AUTHORITY, WITHOUT FURTHER APPROVAL OF THE ELECTORS, TO PASS BYLAWS BETWEEN JANUARY 1, 2006 AND DECEMBER 31, 2008 TO BORROW AN AGGREGATE SEVENTY FOUR MILLION ONE HUNDRED THOUSAND DOLLARS ($74,100,000) FOR THE FOLLOWING PURPOSES?
A. Streets and Bridge Infrastructure: $27,800,000
To provide for major maintenance and reconstruction of the arterial and residential street and lane networks and to undertake major maintenance on the City's bridges.
B. Pedestrian and Cycling Facilities: $21,500,000
To provide sidewalks, bikeways, curb ramps, greenways, walkways and other facilities in public corridors and open spaces to develop a City-wide network that emphasizes pedestrian and bicycle movements.
C. Transit and Safety Improvements: $11,600,000
To provide facilities that improve traffic safety and transit services, including improvements to arterial streets and construction of left turn bays, major maintenance and modifications to existing traffic signals and the construction of new traffic and pedestrian signals.
D. Local Area Improvements: $13,200,000
To provide for neighbourhood traffic initiatives that reduce through traffic in neighbourhoods; to provide the City's share of local improvement projects on streets and lanes; including construction of new curbs and gutters, installation of new street and lane lighting, and to provide other beautification features.
Total: $74,100,000
If this question receives the assent of the electors, Council has the power, without further assent of the electors, to pass by-laws, as and when Council considers appropriate, to borrow money for the projects described up to Seventy Four Million One Hundred Thousand Dollars ($74,100,000).
2. PUBLIC SAFETY AND CIVIC FACILITIES
This question seeks authority to borrow funds to be used in carrying out the basic capital works program with respect to Public Safety and Civic Facilities.
ARE YOU IN FAVOUR OF COUNCIL HAVING THE AUTHORITY, WITHOUT FURTHER APPROVAL OF THE ELECTORS, TO PASS BYLAWS BETWEEN JANUARY 1, 2006 AND DECEMBER 31, 2008 TO BORROW AN AGGREGATE FORTY TWO MILLION FOUR HUNDRED THOUSAND DOLLARS ($42,400,000) FOR THE FOLLOWING PURPOSES?
A. Public Safety: $24,100,000
To provide for replacement of aging facilities of the Vancouver Police Department and Vancouver Fire Department that are beyond economical repair and no longer meet operational needs.
B. Civic Facilities: $15,800,000
To provide for the major maintenance, rehabilitation and replacement of civic facilities and social and cultural facilities owned by the City, which are beyond economical repair and no longer meet operational needs.
C. Library: $2,500,000
To purchase a site for a new Downtown Eastside/Strathcona branch library.
Total $42,400,000
If this question receives the assent of the electors, Council has the power, without further assent of the electors, to pass by-laws, as and when Council considers appropriate, to borrow money for the projects described up to Forty Two Million Four Hundred Thousand Dollars ($42,400,000).
3. PARKS AND RECREATION FACILITIES
This question seeks authority to borrow funds to be used in carrying out the basic capital works program with respect to Parks and Recreation.
ARE YOU IN FAVOUR OF COUNCIL HAVING THE AUTHORITY, WITHOUT FURTHER APPROVAL OF THE ELECTORS, TO PASS BYLAWS BETWEEN JANUARY 1, 2006 AND DECEMBER 31, 2008 TO BORROW AN AGGREGATE NINETEEN MILLION SEVENTY THOUSAND DOLLARS ($19,070,000) FOR THE FOLLOWING PURPOSES?
A. Recreation Facilities: $10,660,000
To provide for major maintenance, upgrading, replacement and/or expansion of community centre facilities, ice rinks, field houses, community pools, and other parks and recreation facilities, including Renfrew Pool, Nat Bailey Stadium and Van Dusen Gardens.
B. Park Development: $8,410,000
To provide for the improvement or development of City-wide and neighbourhood parks, shoreline stabilisation, sport fields and playgrounds; to continue the planting of street trees in City neighbourhoods; to provide for maintenance and upgrading of major parks including Stanley Park and Hillcrest Park.
Total $19,070,000
If this question receives the assent of the electors, Council has the power, without further assent of the electors, to pass by-laws, as and when Council considers appropriate, to borrow money for the projects described up to Nineteen Million Seventy Thousand Dollars ($19,070,000).
4. COMMUNITY LEGACY PROJECTS - CITY SHARE
This question seeks authority to borrow funds to be used in providing the City share of funding for community legacy projects to be funded and developed jointly with senior governments prior to 2010. These legacies include the replacement of ice rinks at Killarney and Trout Lake and construction of a new Percy Norman Aquatic Centre as part of the new Hillcrest Centre. Following 2010, the new aquatic centre will form part of a complex being constructed by the Olympic Organizing Committee to include a replacement for the Riley Park community centre and ice rink, the Vancouver Curling Club and the Riley Park branch library.
ARE YOU IN FAVOUR OF COUNCIL HAVING THE AUTHORITY, WITHOUT FURTHER APPROVAL OF THE ELECTORS, TO PASS BYLAWS BETWEEN JANUARY 1, 2006 AND DECEMBER 31, 2008 TO BORROW UP TO AN AGGREGATE THIRTY FIVE MILLION DOLLARS ($35,000,000) TO FUND THE CITY SHARE OF COMMUNITY LEGACY PROJECTS THAT RECEIVE FUNDING FROM AND/OR ARE DEVELOPED WITH SENIOR GOVERNMENTS AND OTHER AGENCIES?
If this question receives the assent of the electors, Council has the power, without further assent of the electors, to pass by-laws, as and when Council considers appropriate, to borrow money for the projects described up to Thirty Five Million Dollars ($35,000,000).
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