THAT the 2025 Draft Tax Supported Capital Budget and Forecast 2026-2034 be received and adopted as amended;
AND THAT the budgets and related financing be approved for the proposed 2025 tax supported capital expenditures in the amount of $40,963,610 with projected debenture financing of $1,344,000;
AND THAT the Capital Forecast for Tax Supported Services, for the years 2026 to 2034 be approved in principle, in the amount of $317,488,420 with projected debenture financing of $29,432,790;
AND THAT additional contributions totaling $40,630 be included in the 2025 Tax Supported Operating Budget as a transfer to Fleet capital reserves related to new initiatives as identified in the 2025 Tax Supported Capital Budget;
AND THAT Council approves the Reserve Transfers as outlined in the approved budget document;
AND THAT a one-time contribution of $1,200,000 to the Capital Replacement Reserve – General be approved, with funding being transferred from the Contingency Reserve;
AND THAT a one-time contribution of $900,000 to the Capital Replacement Reserve – Information Technology be approved, with funding being transferred from the Contingency Reserve;
AND THAT a one-time contribution of $2,100,000 to the Capital Replacement Reserve – Roads Infrastructure be approved, with funding being transferred from the Contingency Reserve;
AND THAT the Draft 2025 Tax Supported Operating Budget reflect a total 1.25% levy increase for capital purposes;
AND THAT Development Related Debt be issued on existing and future projects as outlined in the 2025 Draft Tax Supported Capital Budget and Forecast 2026-2034;
AND THAT the Forestry Restitutions Reserve Fund and In Lieu of Tree Planting Reserve Fund be established;
AND THAT the Forestry Restitutions Reserve Fund and in Lieu of Tree Planting Reserve Fund, as attached to this agenda, be approved.