CentreVenture deal

8/9/2019 CentreVenture deal

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Agenda Executive Policy Committee January 26, 2015

REPORTS

Item No. 1 Amendment to Council Decision Approval of Funding

Participation - Winnipeg Convention Centre Expansion P

WINNIPEG PUBLIC SERVICE RECOMMENDATION:

1. That in response to the request made by The Convention Centre Corporationattached hereto as Schedule A, and subject to Recommendation 2 hereof, Camend its July 18, 2012 decision Approval of Funding Participation WinnConvention Expansion Project by deleting Recommendation VI.C.

2. That the City and the WCCC enter into an agreement whereby the WCCC agtransfer to the City the $3.75 million liquidated damages amount to be paid bOlsen Construction Ltd. (SODCL) to the WCCC as consideration for the Wreleasing SODCL from its obligation to construct a hotel development at thelocated at 220 Carlton Street (the Site).

3. That Council authorize a grant in the amount of $3.75 million to CentreVentDevelopment Corporation (CentreVenture), which grant shall be payable wdays following the Citys receipt of the $3.75 million liquidated damages ampursuant to Recommendation 2 and shall be subject to the following conditio

(i) that 100% of the grant monies be used to repay a portion of the $6.6 of credit increase granted to CentreVenture Development Corporatio(CentreVenture) to acquire the Site, which line of credit increase wguaranteed by the City pursuant to the Council decisions of DecembeLoan Guarantee Increase CentreVenture Development CorporatioDecember 11, 2013 Extension of Loan Guarantee Increase CentreDevelopment Corporation;

(ii) that in the event CentreVenture is unable to conclude a development for the Site within six months following the date of Council approvalCentreVenture undertake a public bid process with respect to future dof the Site;


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(a) specification of building(s) to be constructed on the Site;(b) a construction start date of one year from closing, failing whi

Site reverts back to CentreVenture;(c) a construction completion date of two years from closing, fai

title to the Site reverts back to CentreVenture;(d) a minimum non-refundable deposit of $250,000.

4. That the Public Service request CentreVenture to report back to the ExecutivCommittee in 120 days with an update on development plans for the Site.

5. That the City enter into, and the Chief Administrative Officer be delegated tto negotiate and finalize the terms of, all necessary agreements between the CWCCC, and CentreVenture required to implement any matters contained her

6. That the Proper Officers of the City be authorized to do all things necessary the intent of the foregoing.


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DECISION MAKING HISTORY:

EXECUTIVE POLICY COMMITTEE RECOMMENDATION:

On January 21, 2015, the Executive Policy Committee laid over the matter.

David Sanders submitted a communication dated January 21, 2015, with respect to

Amendment to Council Decision Approval of Funding Participation - Winnipeg Centre Expansion Project.


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ADMINISTRATIVE REPORT

Title: Amendment to Council Decision Approval of FundinParticipation - Winnipeg Convention Centre Expansion

Critical Path: Executive Policy Committee Council

AUTHORIZATION

RECOMMENDATIONS

1. That in response to the request made by The Convention Centre Corporation (attached hereto as Schedule A, and subject to Recommendation 2 hereof, CoJuly 18, 2012 decision Approval of Funding Participation Winnipeg ConventioProject by deleting Recommendation VI.C.

2. That the City and the WCCC enter into an agreement whereby the WCCC agrethe City the $3.75 million liquidated damages amount to be paid by Stuart OlseLtd. (SODCL) to the WCCC as consideration for the WCCC releasing SODCLobligation to construct a hotel development at the property located at 220 CarltoSite).

3. That Council authorize a grant in the amount of $3.75 million to CentreVenture Corporation (CentreVenture), which grant shall be payable within 30 days folloreceipt of the $3.75 million liquidated damages amount pursuant to Recommenshall be subject to the following conditions:

(i) that 100% of the grant monies be used to repay a portion of the $6.6 miincrease granted to CentreVenture Development Corporation (CentreVacquire the Site, which line of credit increase was guaranteed by the CitCouncil decisions of December 12, 2012 Loan Guarantee Increase CDevelopment Corporation and December 11, 2013 Extension of Loan Increase CentreVenture Development Corporation;

Author Department Head CFO

K. Boryskavich M. Ruta M. Ruta


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The RFP issued by the WCCC provided that preferential consideration would be included the construction of a hotel development adjacent to the expanded Coproject site. The RFP was awarded by the WCCC to SODCL, on the basis of a bi

such a proposal for construction of an adjacent hotel development.

During contract negotiations, SODCL and the WCCC (i) reached agreement oholdback requirement; and (ii) confirmed the site of the adjacent hotel developmThese items were documented in a letter of intent, and were to be included in contract between SODCL and WCCC. While the terms of the construction conegotiated, it has not as yet been executed by the parties.

As part of their bid, SODCL partnered with Matthews Southwest (an American(MSW) with respect to the adjacent hotel development. SODCL / MSW attethree adjacent properties, including the Site, for the purposes of the hotel develounable to conclude an acceptable purchase of any of the three properties.

CentreVenture was approached for assistance in negotiating with the ownership gCentreVenture and MSW entered into a non-binding Memorandum of Understaeach partys proposed rights and obligations with respect to the purchase wherebwould enter into a purchase and sale agreement with the ownership group Ownership Group) to purchase the Site. The MOU contemplated that MSW whotel on the a portion of the Site and CentreVenture would retain a portion of tdevelopment. CentreVenture entered into a letter of intent with the Ownership Grothe purchase of the Site and ultimately concluded the purchase; however, MSwithdrew from the non-binding Memorandum of Understanding.

In order to finance the acquisition of strategic properties in the downtown, CentreVa $6.6 million increase to their line of credit (from $13 million to $19.6 million), to b

the City. On December 12, 2012, Council approved CentreVentures request (seeattached as Schedule C) for further detail).

The Citys loan guarantee was conditional on: (i) CentreVenture repaying the $6credit increase no later than December 12, 2013; and (ii) all proceeds of the sale utilized to repay the $6.6 million line of credit increase.

Following a further request from CentreVenture, on December 11, 2013, Cou

extension to the $6.6 million line of credit increase and loan guarantee until the repayment of the loan or September 30, 2016 (see Council minutes attached as further detail).

IMPLICATIONS OF THE RECOMMENDATIONS


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CentreVenture incorporate the following criteria into any development agreemepurchaser / developer of the Site:

o specification of building(s) to be constructed on the Siteo construction start date of one year from closing, failing which, title to

back to CentreVentureo construction completion date of two years from closing, failing which, tit

back to CentreVentureo a minimum non-refundable deposit of $250,000.

Given that completion of a development on the Site would not occur until afteCentre expansion was completed, if Council were to adopt Recommendation 1

remove the requirement for SODCL to service annual debt payments on the $16such time as the incremental tax grant commences, a funding gap will be creaWCCC will need to service the loan during this time period (in effect, the obligatiobeing transferred to the WCCC, which impacts the City as guarantor of the WCloan).

In the event that the WCCC is unable to fully or partially service the debt paymentsperiod between commencement of such debt payments and commencement of thegrant, further alternatives would need to be explored including the possibility of bridunder the Destination Marketing Fund Reserve. Any such decision would require aCouncil.


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FINANCIAL IMPACT

Financial Impact Statement Date:

Project Name:

COMMENTS:

"Original Signed By"

Mike McGinn, CAManager of Finance

Amendment to Council Decision Approval of Funding Participation -

Winnipeg Convention Centre Expansion Project

January 15, 2015

There are no direct financial implications associated with the recommendations contained in this report. The City's

financial risk will be reduced by granting the $3.75 million liquidated damages amount to CentreVenture to be usedto reduce the latter's line of credit balance, which is guaranteed by the City. The City is, however, exposed toadditional financial risk with the WCCC assuming responsibility for debt servicing of the $33 million loan amount,also guaranteed by the City. As noted in the body of the report, should WCCC be unable to fully or partially servicethe debt payments during the time period between commencement of such debt payments and commencement ofthe incremental tax grant, further alternatives would need to be explored including the possibility of br idge financing

under the Destination Marketing Fund Reserve. Any such decision would require a further report to Council.

.


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CONSULTATION

In preparing this report there was consultation with:

Legal Services

Corporate Finance

Planning, Property & Development

Office of the CAO

CentreVenture Development Corporation

The Convention Centre Corporation

Stuart Olsen Construction Ltd.

Province of Manitoba

SUBMITTED BY

Department: Legal Services / Corporate FinancePrepared by: K. BoryskavichDate: January 16, 2015File No.

Schedule A.pdf

Schedule B.pdf

Schedule C.pdf

Schedule D.pdf


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u

Au

R

onv

ntio

n

ntr

WINNIP G

January 16,

2 5

Mr. Deepak

Joshi

Acting Chief

Administrative

Officer

ity

of

Winnipeg

3rd

Floor Administration Building

510

Main

Street

Winnipeg MB

R3B

1B9

Email:

Dioshiwinnipeg.ca

Dear Mr .

Joshi:

On

behalf of the WCC,

the

WCC

confirms

by

way

of

motion

duly

passed by

its

Board of

Directors on January

14, 2015,

the WCC

approved

deleting the

requirement

to

hold

back

16

M

under

its contract

with

Stuart Olson Construction Ltd.

(SOCL) subject to

the

City

of

Winnipeg

(City) deleting

this

requirement

from the

Contribution Agreement

between

the

City

and

WCC.

Therefore the

WCC

requests the

City

to delete that requirement.

Sincerely

The

Convention

Centre

Corporation

Per:

Bob

Silver

Board Chai r

cc: K

Boryskavich,

[email protected]

K

Lahr,

President CEO,

Convention Centre Corporation

R King,

(IC,

rogerkingqc@gmail

corn

etered

trademark of

Roy

Bank

of Canada Used under

france by

THE CONVENT1ON

CENTRE CORPORATION which owns

and operates

the

feC

Cnvention

Centre

Winwpeg

T

O4956iJ2O 375

fork Avenue

F O 943-O3iO

WInnoeg

ManItoba

www.wcc.mb,ca

sa

73C

3J3


12/57

Council

Minutes

JuLy

18 ,

2012

Minute

No.

498

Report

Executive

Policy

Committee

July

11,

2012

Item No .

9

Approval

of

Funding Participation Winnipeg

Convention Centre

Expansion

Project

COUNCIL DECISION:

Council

concurred in the recommendation

of

the Executive Policy

Committee

and

adopted the

foIlo ing:

Creation of a

new

2012 capital project in

an

amount of

51

million

to

consist of and

be

financed

by:

a)

a

one-time

grant

to the Winnipeg

Convention Centre

Corporation

for the Project

in

an

amount

equal to, an d to

be

financed

by. the

balance

at December

31,

2012

of

the

monies

in

the

Destination

Marketing

Reserve

Fund accumulated for the

purpose

of funding future capital

works for the

Winnipeg Convention Centre and

b) a grant to the Winnipeg

Convention

Centre Corporation

for

the

Project in an

amount equal

to 51

million

less

the grant amount pursuant

to

Recommendation

I .I.a).

to be financed by

external

debt,

with

debt servicing payments

to

be

drawn

from monies in the Destination

Marketing Reserve

Fund accumulated f or t he

purpose

of

funding future capital

works for the Winnipeg

Convention Centre

II. Authorization of

borrowing authority pursuant

to Recommendation

1.I.b)

in

the amount

of

up

to

51

million.

III.

The issuance

by

the

Winnipeg Convention Centre

Corporation

in accordance

with

subsection

6 I a

of

The

Convention

Centre Corporation

Act of a promissory

note in

the

amount

of

33

million

in favour

of

the

Roya l Bank of

Canada

upon terms and

conditions

determined

by

the

Winnipeg Convention

Centre

Corporation and

acceptable to the

City

of

Winnipegs

Chief

Financial

Officer

IV, A

33

million loan

guarantee in favour

of the Winnipeg

Convention

Centre

Corporation

as

permitted under subsection

6 2)

of

The

Convention

Centre

Corporation

Act.

subject

to:

a

Council

approval of

Recommendation

1 V) hereof.

b commitment from

the Board

of Directors

ot

the

V

innipeg onvention

Centre

Corporation

to

service

the

33

million

loan

from

the annual operating income

oft

he

expanded Winnipeg

Convention

Centre facili ty

for up

to 30

years.


13/57

2

Council

Minutes July

18, 2012

Report

Executive

Policy

Committee

July

11, 2012

COUNCIL

DECISION

continued :

V.

An

annual grant

to

the

Winnipeg Convention

Centre

Corporation

in

an amount

equal

to

the

annual

incremental

municipal property and business

taxes, for

up

to

25 ears,

on a

complementary

adjacent

property

development,

subject

to

the

Province

of Manitoba

designating

the property

under

the

Community

Revitalization

Tax

Increment

Financing

Act CRTIFA ,

such that

100

of

the

incremental

municipal

property

taxes

and 100

of the

incremental

provincial

education taxes

and

levies

allowable under the CRTIFA

are provided to th e

Winnipeg Convention Centre Corporation

to service a

Net

Present

Value

(NPV)

of

16

million of

the

33

million

loan

guaranteed

by

the City.

VI. in

the

event

that

incremental

property

and

business taxes

determined

under

Recommendation

N

are

insufficient

to

service the deb t

and un-serviced

amounts

remain after

applying

Recommendation

.lV.b),

an

annual

grant

to

the Winnipeg

Convention

Centre

Corporation

in

an

amount equal

to

each such annual

un

serviced

amount

to

be

paid

from

the monies in the

Destination

Marketing

Reserve

Fund

allocated

for the

purpose

of funding

future capital

works

for the

Winnipeg

Convention

Centre Corporation;

which

approvals

shall be

subject

to

confirmation

satisfactory

to the

Citys

Chief

Financial Officer

of:

A.

funding

contributions

of

46.5

million from the Government

of

Canada

and 51

million

from

the

Province

of

Manitoba;

B.

successful

negotiation

of

total Project

costs not to

exceed 181.5

million;

and

C.

successful negotiation

of a

provision

in the

guaranteed

maximum

price

contract between

the

Winnipeg

Convention

Centre Corporation

and

the

successful proponent pursuant to

Request

for Proposal

No .

000524

Request

for

Proposal

for

the Expansion of

the

Winnipeg

Convention

Centre

and

Complementary

Downtown Development

(the

Proponent

that

obligates

the

Proponent their portion to

service

the

annual debt

payments related

to

t he net

present

value (NPV)

of 16

million

of the 33

million lo an to be

guaranteed

by the City

pursuant

to

Recommendation

.IV

until such

time

as

the

servicing of such

debt payments

incremental

taxes

pursuant to

Recommendation

l.V commences.


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Co

uncil M

inut

es J

uly

18

2 1

2

Repo

rt

Exe

cuti

ve

Po

licy

Co

mm

ittee

J

uly

11, 2

012

CO U

NC

IL DEC

ISI

ON

con

tin ue

d:

2.

Th

at th

e

C

ity

requ

est that

the

Pr

ov in

ce ame

nd

Th e

Con

vent

ion C

entre

Cor

pora

tion A

ct to

rev

ise

the

de

finit

ion

o

f

C

onv

entio

n

C

ent

re in

Sec

tion

of

su

ch A

ct to

inc

lude th

e

ne

w

bu

ild in

g

l

ocat

ed

on th

e expa

ns io

n site a

nd

to re v

ise S

ecti

on

6

1

of

the

Ac

t

to

pro

vide th

e

W

inni

peg Con

vent

ion

Cent

re Cor

po ra

tio n wi t

h

addi

tiona

l

b

orro

win

g

p

ow e

rs

3.

That th

e

Ch

iefA

dmi

nistr

ative

Off

icer

be d

ele g

ate d a

utho

rity

to

ne

go tia

te a

nd fina

liz e any

ne c

essar

y agr

eem

ents

b

etw

een

t

he Cit

y

of W

inn

ipeg

an

d

the P

rovi

nce of

Man

itoba

the

Go

vern

men

t of C

ana

da. t

he Wi

nn ip

eg Co

nve

ntion

C

entre

Cor

pora

tion and

a

ny othe

r

agreem ents

required

to

im p

lem

ent

any

matters

con

tain

ed h

erei

n.

4.

T

hat

t

he

Ci

ty So

licit

or/D

irec

tor of L

egal S

ervic

es

be d

ire c

ted to

prep

are

all by

laws

requ

ired

to

im

ple m

ent

the

f

oreg

oing

.

5

T

hat the

Prop

er Offi

cers

of the C

ity

be

au

thor

ized

to d

o a

ll thi

ngs ne

cess

ary

to imp

leme

nt

the

int

en t

of th

e fore

go in

g.


15/57

4

Cou

ncil

Min

utes

July

18

201

2

Rep

ort

Exe

cuti

ve Po

licy

Com

mit

tee

July

11 2

012

D

ECI

SION MA

KIN

G

HIST

OR

Y:

Mov

ed by

His Wo

rsh ip

M

ayor

Kat

z

That

the

reco

mme

nda

tion of

the

Ex

ecu

tive

Pol

icy Com

mitt

ee b

e ado

pte d

Ca

rried

EX

ECU

TIV

E PO

LI

Y

C

OM

MIT

TEE

R

ECO

MM

EN

DAT

ION

:

On

Ju ly

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20

12

the

Exe

cutiv

e Po

lic y

Co

mm

ittee

conc

urre

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th

e r

ecom

me

ndat

ion of

the

W

inn

ipeg

Pu

bli c

Se rv

ice

su

bmi

tted

the m

atte

r

to

oun

cil


16/57

C

oun

cil Min

utes

Ju

ly

1

8,

201

2

M

INIS

TR

TIV

E

R

P

RT

Ti

tle:

p

prov

al of

fun

din g pa

rticip

atio

n

by t

he

City of W

inn

ipeg i

n

pa

rtner

ship

wi

th the

Prov

ince

of M

ani

toba

, Gov

ernm

ent

of Can

ada

a

nd

the

Wi

nnip

eg

Co

nve

ntion C

entr

e

Cor

pora

tion

for

th

e

W

inn

ipeg

Con

vent

ion Ce

ntre

E

xpan

sion Pro

ject

th

e

Proj

ect

).

Crit

ical Pat

h:

Exe

cuti

ve

P

olicy

Com

mi

ttee

Coun

cil

AU

THO

RIZ

AT

ION

A

utho

r

De

part

ment

Hea

d

C

FO

CA

O

G.

Ho

lme

s

G.

Ho

lme

s

M

Rut

a

P

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heeg

l

A

ctin

g Dire

ctor

CA

O

cre

ation

of

a

new

201

2 cap

ital p

rojec

t

in

an

amo

unt of

51

m

illio

n

to

co

nsist o

f

a

nd

be

fi

nanc

ed b

y:

a)

a

on

e-tim

e

gra

nt

to

th

e Win

nip

eg

Co

nven

tion Ce

ntre C

orpo

ratio

n for the

Pro

ject

in an

amo

unt

equa

l

to,

and

to be

f

inan

ced

by,

the bala

nce

at

Dece

mbe

r

31,

20

12

of

th

e

m

onie

s in

the

Des

tinat

ion

M

arke

ting

R

eser

ve

F

und

acc

umu

lated f

or the p

urpo

se of fu

ndin

g

futur

e capi

tal wor

ks for

th

e

W

inn

ipeg

C

onve

ntio

n

Ce

ntre

; an

d

b)

a

grant

to

the

Winnipeg Convention

Centre

Corporation

for

the Project in

an

am

oun

t eq

ual t

o

51

mi

llion l

ess

the gran

t a

mou

nt

pu

rsua

nt

to

R

eco

mme

nda

tion

1la)

, to

b

e

finan

ced

by

ex

terna

l deb

t, wi

th

de

bt

s

ervic

ing

pay

men

ts

to be d

rawn

fr

om

m

oni

es

i

n the

De

stina

tion Ma

rket

ing

Rese

rve

Fun

d a

ccum

ula

ted for

the p

urpo

se of fu

nd in

g

f

uture

ca

pital

wor

ks

fo

r

the

W

inn

ipeg

Co

nven

tion

Ce

ntre

;

au

thori

zatio

n o

f

b

or row

ing a

utho

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ursua

nt

to Rec

omm

end

atio

n

.l.b

)

in

th

e

am

ount o

f

u

p

t

o

5

1

m

illio

n;

Ill.

th

e

issu

ance

by t

he W

inn

ipeg Con

ven

tion

C

entr

e

Co

rpo

ratio

n in

a

cco

rdan

ce

w

ith

sub

sect

ion 61

) a)

of T

he

C

onv

entio

n C

entre Co

rpor

ation

Act

of

a pro

miss

ory

no

te in

the

amo

unt

o

f

33

m

illi

on

in f

avou

r

o

f the

Roy

al

a

nk of

Ca

nada

upo

n

t

erms

a

nd

con

ditio

ns

d

eterm

ine

d

by

the W

innip

eg

Con

vent

ion Cen

tre C

orpo

ratio

n

an

d acce

ptab

le

to

t

he

C

ity

of

Winnipegs Chief Financial

Office r;

IV

,

a

33

mill

ion loa

n gua

rante

e

in

fa

vou

r o

f t

he Win

nipe

g

Co

nven

tion Cen

tre C

orpo

ratio

n

as

perm

itte

d und

er

s

ubse

ctio

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6

2) of

The

Con

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tion Ce

ntre C

orpo

ratio

n

A

ct,

subj

ect

1

.

Th

at

Cou

nc il

app

rove

:

to:


17/57


18/57


19/57


20/57


21/57


22/57

Coun

cil M

inu

tes

Ju

ly

18

201

2

T

he Pro

vinc

e

of

Ma

nitob

a

has

prov

ided

fo

rma

l no

tific

ation to p

arki

ng

cust

ome

rs curr

ently

a

cces

sing th

e

p

rope

rty

in c

onju

nction

with

an

anticipated

project

commencement date

as

early

a

s

Se

ptem

ber 1

2

012,

s

ubje

ct

to fu

ndin

g a

nd other

requ

ired

app

rova

ls bei

ng i

n

p

lace

.

An

own

ers

rep

rese

ntati

ve h

as

bee

n

se

cure

d

b

y th

e W

CC t

o

ove

rsee

the co

nstr

uctio

n

p

roje

ct

i

n

ac

cord

ance w

ith

the

G

uar

ante

ed M

axi

mum Pri

ce c

ontra

ct

p

rovi

sion

s.

The

W

OO has

secu

red

pro

fess

iona

l a

ccou

ntin

g se

rvice

s

to

o

vers

ee

th

e

proj

ect

cos

t

a

ccou

ntin

g,

paym

ent

and

r

eim

burse

men

t

pr

oces

s for t

he pro

ject

du

ring

co

nstru

ctio

n,

a

nd u

nde

r th

e term

s

of

th

e

a

gree

men

ts wi

th

it

s

fun

ding

partn

ers.

The

WC

C r

epre

sent

s

a

co

nso

lidat

ed

en

tity

i

n t

he C

ity

of

Win

nipe

gs f

inan

cial

stat

eme

nts so

any

outs

tand

ing

de

bt

guar

antee

d by

t

he

C

ity

ref

lects on

con

solid

atio

n

in

t

he C

ity

s

fi

nanc

ial

s

tatem

ent

s. Th

e fo

llow

ing

is

the p

olicy

cri

teria

rel

ated to

req

uests for

loa

n

guar

ante

es as

ado

pted

by

Coun

cil on

Ju

ne

7h

199

2:

A. Req

uest

s fo

r l

oan

gu

aran

tees

sh

all be

s

ubm

itted to

the

City

Tr

easu

rer

for

rev

iew

to

de

term

ine

i the

re

que

st

m

eets

the

req

uirem

ent

s

of th

e

po

licy.

T

his

re

port

h

as

been su

bmi

tted

to and r

evie

wed

by

the

Cit

y Trea

sure

r.

B.

The

orga

niza

tion

req

uest

ing

the

loan

guar

antee

m

ust

p

rovi

de

a

s

ervic

e,

wh

ich,

in

wh

ole o

r in

part

, fall

s wi

thin

the

mand

ate

of

the City

of

W

innip

eg.

The

ma

nda

te

of The C

onv

entio

n

Cen

tre Co

rpor

ation

is

t

o o

pera

te an

d

prom

ote

th

e

W

inni

peg Con

vent

ion

Cen

tre.

C. Th

e

pro

ject

for

whic

h t

he

loa

n gua

rant

ee

is

being

requested

must

not be

in

conflict

with

City

po

licy.

T

he pro

ject

for

wh

ich

t

he

loan

g

uara

ntee

is req

uire

d

d

oes

not conf

lict

wi

th

City

p

olicy

D

.

The

o

rgan

izati

ons

se

rvic

es mus

t be

ava

ilabl

e

t

o t

he comm

uni

ty

at la

rge

with

out

restr

ictio

ns base

d up

on

ethn

icity

,

r

eligi

on

or r

ace

and

with

out

un

reas

ona

bly

res

trict

ive

me

mber

ship

or

u

ser fees

.

The

seiv

ices the

W

inni

peg

Co

nven

tion

Ce

ntre C

orpo

ratio

n p

rovid

es

are

avai

lable to

the c

omm

unit

y

at

l

arge

E.

The organization must be

nonp ro fit

T

he

C

onv

entio

n

Cen

tre Co

rpor

atio

n is

a

no

n p r

ofit

org

aniza

tion c

ontin

ued

w

ithou

t

sha

re ca

pital

un

der Th

e C

onve

ntio

n Ce

ntre Co

rpor

atio

n A

ct.

F.

Th

e

orga

niza

tion

mus

t pr

odu

ce

fina

ncia

l

rec

ords a

nd

a

busin

ess pl

an th

at

dem

onst

rates

the org

aniz

ation

s lon

g-ter

m

via b

ility

and ca

pacit

y t

o

mee

t

th

e

o

blig

ation

s

of the

lo

an tha

t t

hey

are

as

king

the C

ity

to guar

ante

e.

T

he

Win

nipe

g

Co

nve

ntion

Cen

tre Co

rpor

ation

s

an

nual fi

nanc

ial sta

teme

nts

ar

e

co

nsol

idate

d w

ith

the

Cit

y

o

f

Wi

nnip

egs au

dited

a

nnu

al

f

inan

cial

s

tatem

ent

s.

The

Winnipeg

Convention

Centre

has

provided

a pro forma

analysis and related

a

ssum

ptio

ns sup

port

ing

the

en t

itys

a

bilit

y

to prov

ide

oper

atin

g

i

ncom

e

suff

icien

t

to

of

fset

th

e

13

mil

lion

porti

on o

f the

3 3

mill

ion lo

an

gu

aran

tee

by

t

he

City of

W

inn

ipeg

Sc

hedu

le

C


23/57


24/57

Co

unci

l

M

inu

tes

July

18

, 201

2

3

K The

ca

pital

as

set mus

t be

in

sure

d

to

t

he sa

tisfa

ction of

the

C

ity Trea

sure

r

b

oth

dur i

ng

and af

ter co

nstr

uctio

n.

T

he W

inni

pe g Con

vent

ion

C

ent

re C

orpo

rati

on wi

ll

b

e

r

espo

nsib

le fo

r

al

l insu

ranc

e

re

quir

eme

nts

du

ring

and aft

er

th

e

c

onstr

ucti

on

p

erio

d to t

he sa

tisfa

ctio

n of

t

he

C

ity

of

Wi

nn ip

eg .

T

he Con

sulta

nt A

rchit

ect

E

ngin

eer) shou

ld pro

vide

the

t

itle hold

er

w

ith

e

viden

ce of

Prof

essio

nal

Lia

bility i

nsur

ance

. Th

e

amo

unt

requ

ired

wi

ll

be

de

pend

ent

up

on the

valu

e a

nd type

of

pro

ject/u

se.

o

D

epe

ndin

g

on

t

he v

alue of

th

e p

roje

ct

and

th

e fu

ndin

g ar

rang

eme

nt eithe

r

t

he

Cit

y of W

inn

ipeg o

r the

Co

ntra

ctor

will

be req

uire

d

to

pro

vide

a

W

rap

p

Li

abili

ty pol

icy

and a

Cou

rse

of

C

ons

truct

ion

Poli

cy. f

u

nder

grou

nd

wo r

k

is

required

to

support

the additional

structure

the title

holder may also

request

a

C

ont

racto

rs

Po llu

tion L

iabil

ity

insu

ranc

e p

olic

y b

e p

ut into

plac

e.

De

pend

ing

on

th

e f

undi

ng si

tuati

on

the Cit

y

o

f

W

innip

eg

coul

d

be adde

d

ei

ther

as

a N

ame

d In

sure

d or

a

s

a

Los

s Pay

able

on

the

Cou

rse

o

f

Con

struc

tion

po

licy

and

eith

er a

s a

N

amed

In

sure

d or a

s an Ad

ditio

na l

Ins

ured

un

der t

he W

rap p

Lia

bility

polic

y.

Deb

t Str

ategy

Im

pac

t and

Borr

owin

g

A

uth

ority

On

June

22,

2011,

Coun cil

adopted the

Debt

Strategy

report

for

tax

supported,

uti lities

and

to

tal

C

ity

bo r

row

ing.

Th

e pr

ojec

t req

uire

s

41

mi

llion

in lo

ng-t

erm

deb

t

fi

nanc

ing

and

a

loan

guar

antee o

f

33

mill

ion i

n fav

our

of

the W

inni

peg Co

nve

ntion

Cen

tre Co

rpor

atio

n. Th

e

im

pac

t

on th

e Cit

y of W

inn

ipeg

s

d

ebt

po

sitio

n

is

a

n

in

crem

ent

al

74

m

illi

on

of de

bt

as the

W

innip

eg Con

ven

tion

Cen

tre Co

rpor

atio

n

is

co

nso

lidat

ed wi

thin the

C

ity

s

fin a

nc ia

l

state

men

ts.

The

im

pact

of

this de

bt f

inan

cing

falls w

ith in th

e

City

deb

t

lim

its

est

ablis

hed in

the

C

oun

ci l

rep

ort

as

outli

ned in

the

tab

le be

low .

T

otal

City

ne

t de

bt a

s a

perc

enta

ge of

rev

enue m

axim

um

of

8

5

For

ecas

ted

peak rate

inclu ding

proposed debt

from

this

report

79.2

To

tal C

ity

d

ebt

serv

icing

a

s a pe

rcen

t of

reve

nue m

axi

mum of

11

F

ore

caste

d

p

eak

rat

e inc

lud i

ng

p

ropo

sed

de

bt

from

th

is

r

epor

t

8,0

T

otal C

ity

d

ebt p

er c

apita

n

ot

t

o e

xcee

d max

imu

m of

2

,050

For

ecas

ted p

eak

rate in

clu d

ing pro

pos

ed

deb

t

from

th

is

rep

ort

1,

836


25/57

Co u

nc il

M

inu t

es

J

uly 1

8

2 12

FIN

AN

CIA

L

IM

PA

CT

Fin

ancia

l

mo

ct

t

teme

nt

D

ate:

July

6

2

12

Pro

ject Nam

e:

Firm

Ye

ar of P

rog

ram

2

12

Ap

prov

al of

fund

ing

p

artic

ipat

ion

by

the

C

ity

of W

inn

ipeg

in

par

tners

hip

with

th

e

Pr

ovin

ce

of Ma

nito

ba G

over

nmen

t

of

Can

ada

an

d

t

he W

innip

eg

C

onve

ntio

n

Cen

tre

In

c

f

or

t

he

Vvi

nnip

eg

Co

nven

tion

C

entr

e

e

xpan

sion

proj

ect

W

inni

peg

Conv

enti

on

Cen

tre

2.Ou

i

O

i

to

2

fl4

Exp

ansio

n:

Fa

cilit

y

E

xpan

on

Up

grad

es

to

E

xisiti

ng Fecil

ity

To

tal E

xpen

ditu

res

es

s

Exi

sting Bu

dge

ted Co

sts

A

ddit

ional

Ca

pital Bu

dge

t Req

uire

d

F

und

ing So

urce

s:

Ex

tern

al

De

bt

Fed

eral Go

vern

men

t

Con

tribu

tion

Prov

incia

l Gove

rnm

ent

C

ontri

butio

n

Oth

Loa

n

G

uaran

tee

of

S

33M

Tota

l Fun

ding

To

tal A

dditi

onal Capi

tal B

udg

e

Required

To

tal A

ddi

tiona

l

Deb

t Re

quir

ed

C

urren

t

Ex

pend

itur

es R

eve n

ues

D

irect

C

osts

es

s

Incre

men

tal R

even

ue/R

ecov

ery

N

et

Cost

/(Ba

nefit

)

ess

E

xist

ing B

udge

t

Am

ount

s

Ne

t Bud

get

A

djua

lmen

t

R

equ

ired

18

800 0

00

1

050

0000

43 00

000

ft

2

9 30

0.00

0

6

000

000)

23

.300

.000

4.8

00 ,0

00

21

30 0

.000

32

23 .2

00

2

2.87

6.80

0

15

.276

60 0

3

.723.

200

9 30

0 00

0

23

300

000

71 500 000

41 .0

00 0

00

3 11

0 00

0

Ad

ditio

nal

Com

men

ts: The F

IS h

as b

een p

repa

red on

the

b

asis

of

a

ful

l cos

ting

o

f

the capit

al

pro

ject wh

ich

wi ll

be m

ana

ged b

y

the

W

CC.

F

eder

al p

rovin

cial

and

cit

y

g

rant

s

wi ll be m

ade

to

WCC

, so th

e

Ci t

ys

c

apit

al

bud

get

wil l only

r

lect

it

s

g

rant of

51

m

illio

n.

Facil

ity

expa

nsio

n

co

sts

are exp

ecte

d to

t

otal

1

47

w

hile

upg

rade

s

to th

e

e

xist

ing

WC

C tota

l

3

4 5

fo

r

a

n ov

erall

tota

l

of

18

1

.5

M. Exi

sting bud

get

represents

O

M

in

estimated accumulated acco

mmo

dati

on tax

re

venu

e ap

prov

ed

by C

ounc

il for

t

he

e

xpan

sion o

f the W

CC

. T

he rem

ainin

g

1

7

1.5M

is to

be fi

nanc

ed

a

s ind

icate

d

4

1M

in exte

rnal d

ebt

46.

5M

f

rom

the

G

ove

rnme

nt of Can

ada

5

1

f

rom

the Prov

ince of M

an

itoba an

d

up

t

o

3 3

M

in l

oans

ta

ken

out

by

W

CC an

d gu

aran

teed

by

t

he

City

. Di

rect cost

s

in

20

14 rep

rese

nt

t

he fir

st of

30

ann

ual

P

pa

yme

nts on t

he S

41M n

ext

erna

l bo

rrow

ing

.

Beg

innin

g

in 201

5.

in ad

ditio

n

to

3

.1IM

in P

l

paym

ent

s

th

e

f

irst

of

2

5

annu

al

gr

ants to

WC

C of

1

2285

00

fun

ded

b

y nc

rem

ental

m

uni

cipal

prov

inci

al

tax

es

f

rom

o m

rIem

enh-

r ort

iren

t

ho

tel n

rorw

rtv

rtev

elon

men

t

w

h

e

i er

t

to

rero

v

o

f

the M

in

thi

s

FIS

.

flrin

in erine

d

h

Mik

e

M

cGin

n, C

Man

er of

Fina

nce


26/57

Cou

ncil

Min

utes Ju

ly

18

201

2

CONSULTA TION

In

pre

pari

ng this

repo

rt

t

here

was co

nsul

tatio

n w

ith:

Prov

ince

of

Man

itob

a

C

anad

a-M

anit

oba In fra

st ruc

ture S

ecre

taria

t

M

anito

ba Ho

tel

A

ssoc

iatio

n

th r

ough

th

e Cit

y

of

Wi

nnip

eg As

sessm

ent

and Ta

xat i

on

epar

tm e

nt

E

con

om ic De

velo

pme

nt

W

innip

eg thr

ough

the

Cit

y of

W

inn

ipeg A

sse

ssme

nt

a

nd Tax

atio

n

Depa

rtm

ent

Cit

y of

W

inn

ipeg Co

rpor

ate Fina

nce D

epar

tmen

t

City

of

W

innip

eg

L

ega l

Se

rvic

es D

epar

tmen

t

Cit

y

of

W

inn

ipeg A

sses

sme

nt and

Tax

ation

D

epar

tmen

t

SU

BM

ITT

ED

B

Y

D

epa

rtme

nt:

P

lann

ing

Pro

pert

y

a

nd

De

velop

men

t

D

ivi si

on :

E

cono

mic

Dev

elop

men

t

Pre

pare

d

b

y: Ga

ry Ho

lme

s

Da

te:

Ju

ly8 201

2

File No.

v:\s

trate

gic

supp

ort

s

ervic

es te

am\e

con

omic

de

velo

pmen

t

init

iativ

es

2

1

1\co

nven

tion

c

entr

e\ris

rep

ort

draf

ts\w

cc

exp

ansi

on

ju

ly 6

-12 ve

rsion

pos t ann

oun

cem

ent june 25 1

2.do

c

AT

TAC

HM

ENT

S:

S

che

dule A:

Fun

ding

let

ter

from

th

e Ci

ty

a

nd P

rovi

nce da

ted J

uly

8

20

11

Sch

edul

e

B:

Fun

ding le

tter fr

om the

Go

vern

men

t o

f Ca

nada

d

ated Jun

e

18 20

12

Sche

dule

C:

Bu

ildi

ng

C

anad

a

Fun

d fund

ing

req

uire

men

ts

Schedule

D:

Summary

sensitivity

analysis

Destination

Marketing

Reserve

Fund

S

ched

ule

E

Sen

sitiv

ity

ana

lysi

s

W

CC

fund

ing c

omm

itme

nt


27/57

Cou

ncil M

inut

es Ju

ly

18 2

2

Sch

edul

e

Fu

ndin

g le

tter fr

om

t Ci

ty

an

d Pr

ovin

ce

da

ted

July 8

2 1

1

J

LI y

S

Mr.

X

iua Lb

Prjn

s

i

i

CE

O

W

rip

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fltrS

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irpi

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eral

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be

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28/57

Council

Minutes

July 18 2012

17

Schedule

Funding

letter

from

the

Government

of

Canada

dated June

18 2 2

June 18 2012

Letter

from

the

Governrrent


29/57


30/57

C

ounc

il M

inut

es

July

8

2

2

19

2

F

ollo

w;rt

g

an

y

anno

unm

erit

of

the

p

rqjec

t and p

oor

to

the s

tar t of

con

stsu

i on

a

ctivi

tie s

for othe

r

app r

opri

ate p

roje

ct mil

eston

es

the

W

mz

npeg

Cor

sten

tron

C

entr

e

vt

n

t tha

t

st

gnag

e

is

erect

ed

wh

Kh

c

learl

y

d

ispla

ys

curr

ent

Ci

ovei

ssos

eot

of

C

anad

a an

d Econ

omi

c Act

Ion

P

lan b

rand

ing

in

prom

ine

nt

loca

tions

t

t

he

pro j

ec t site

T

he

Go

vern

men

t

of

Ca

nada

will

furth

er

co

nfi rm

a

nd

com

mu

nic

te ao

ditio

nal r

equ i

rem e

nts

and exp

ecta

tio ns

from

tim

e to

l im

e

in thi

s re

sp e

ct

and

T

he sig

ning

of

c

ontri

buti

on

a

gree

men

t

that will

detai

l

th

e

p

roje

ct

elem

ents

sc

hedu

le.

co

sts

and

f

bnd

ing

part

onet

ers

F

inall

y

we ssttrst

also

in

fotn

y

ou

that

any

pr

ojec

t c

oats

moa

ned

befo

re fe

dera

l approvalin

principle ant

ineligible

for federal

reinsbssnem

ent

F

urthe

rmo

re

an

y

con

stro

ction

that

be

gins

be

fo re f ed

era l

app

rov

akn

prin

ciplc

co

uld

jeop

ardi

ze th

e p ro

pose

d

fu

ndin

g.

S

hou

ld

you cho o

se

to

mo

ve

forw

ard

w

ith

issu

ing

a

bid

soli

citat

ion

ah

ead of

re

ceiv

ing

the

p

rojec

ts

ap

prov

al in

pr i

ncipl

e

the

d

ocum

ent

shou

ld

cle

rly

s

t te

th

t

th

e

aw ar

dIn g

of a

ny

ren

ulti

rg

c

ontr

ac t

is

sub

jec t

to fed

eral

fi

ndin

g

bei

ng

s

ecur

ed.

A

ward

ing of

all

con tr

act s sho

uld

onl y t a

ke pla

ce

alter

yo

u

ha

ve

be

en

iatb

nned

of

fe

dera

l

ap

ptnv

al i

n.pri

ncip

le

o

f h

and i

ng

for t

he pr

ojec

t

T

he

Go

vern

men

t

of

C

anad

a

w

ill

hav

e

ri

o obli

gat io

n

to e

nter

i

nto

a c on

trib

ut ion agre

eme

nt

or

to

reim

bur

se a

ny

co

sts

ass

ocia

ted

wi th

a

pro je

ct for

whi

ch a

c

ontr

act h

as

b

een aw a

rded

ahe

ad

of

fede

ral ap

pro v

al in

pri

ncip

le

as

sig

nalle

d

thro

ugh

a let

ter

fro

m

us.

T

hank

y

ou

fo

r

you

r

coli

abe r

ation

to

d

ate a

nd

w

e

lo

ok forw

ard

so

wo

rkin

g

w

ith

you on

t s

imp

ortan

t

pr

oject

.

Stev

en Fl

etche

r

P

C

M

Y.

cc

The

H

onou

rabl

e Ron

ssmieux

M

M

inis

ter

of

l o

cal

G

ov e

rnm

ent

H

is

Wo r

ship

Sam

K

atz

Ma y

or

of

the

Ci t

y

o

f

W

inn

ipe g

Yo tt

a

si

nce re

ly


31/57

C

oun

cil Mi

nute

s

July

8

2

2

S

che

dule

C

:

B

uild

ing

C

ana

da

F

und f

undi

ng req

uire

men

ts

E

F

und

ing

R

equi

renen

ts

Bul

ldlng

Can

ada F

und

Maj

or In fr

astru

ctu r

e

Com

pon

ent:

Pro

iect

Ove

rvie

w

Req

uirem

ent

s

fo

r T

our

ism

Pr

ojec

ts

The Bu

ildin

g

C

anad

a Fun

d BC

F

is

d

esign

ed

to

in

crea

se inv

estm

ent in

p

ubli

c

inf

rastr

uctu

re

and

con

tribu

te

to

b

road f

eder

al obj

ectiv

es;

eco

nom

ic

g

row

th a cle

aner

e

nvir

onm

ent

and

stro

ng

an

d p

rosp

erou

s com

mun

ities

. In ord

er

to

ensu

re the

se

prog

ram o

bjec

tive

s

ar e a c

hiev

ed al

l pro

ject

s

mu

st

b

e

supp

orte

d

by

a p

roje

ct

over

view tha

t

incl

udes an

a

sses

smen

t of

the

prop

osed pr

oject

. Thi

s

docu

men

t

prov

ides the m

inim

um

infor

mat

ion

req

uire

men

ts

fo

r

T

our

ism

proj

ect prop

osal

s

u

nder

th

e

Maj

or

Inf

rastr

uctu

re

C

om

pone

nt

M

IC o

f

th

e

BCF

.

Eli

gible

Rec

ipie

nts

To

be

e

ligib

le un

der the

MIC

,

t

he

fu

ndin

g r

ecip

ient

mus

t be one of

the

follo

win

g:

a.

A

pro

vinc

e

or a lo

cal

or

re

gion

al gove

rnm

ent es

tabli

shed

o

r unde

r

prov

inci

al statu

te;

b. A

public

sector

body

that

is

established

by or

under

provincial

statute

or

by

re

gula

tion

o

r is wh

olly own

ed

by

a p

rovi

nce or mun

icipa

lity; or,

A

p

rivat

e sec

tor body

incl

udin

g

not-

for-p

rofit

or

gani

zatio

ns

ei

ther

alon

e

or

in

p

artne

rshi

p

with

a

pro

vinc

e

o

r

a

go

vern

men

t re

ferre

d

t

o

abo

ve

whi

ch

i

nclu

des

Fir

st N

ation

s.

To

uris

m u

bcat

egor

ies

To

be

elig

ible

und

er

the To

uris

m cat

egor

y proj

ects

mu

st

fall

und

er one o

r

mor

e of t

he

fol

lowi

ng

e

ligib

le

pro

ject sub

cate

gorie

s;

C

onv

enti

on Cent

res

Ex

hibit

ion

ha

ll-ty

pe

facil

ities

Tou

rism

Pr

ojec

t

ssess

men

t

Cri

teria

:

P

ropo

nent

s of

MI

C Tou

rism

proje

cts w

ill

b

e

req

uire

d

to

pro

vide

t

he follo

wing

in

form

ation to

fed

eral

o

ffic

ials

as

pa

rt

of

their proj

ect

c

verv

iew.

1

,

Pro

ject

Ov

ervi

ew

A de

taile

d

o

verv

iew

of

t

he pr

ojec

t

des

ign an

d work t

o

be car

ried

ou

t.

inc

ludin

g

map

s a

nd

di

agra

ms sh

owin

g th

e

loc

atio

n cha

racte

risti

cs

a

nd

p

hase

s

if

p

rojec

t

i

s

par

t of

lar

ger m

aste

r

pl

an

or

proj

ect


32/57


33/57

22

C

oun

cil

Minu

tes

J

uly

8

201

2

4

.

R

isk

M

itig

ation

4.1 Id

ent if

ica ti

on

of

si

gnif

ican

t

risk

s

a

nd

ou

thn in

g of t

he

m

easu

res

and

/or the

pro

pone

nts c

apac

ity to mi t

igate t

hese

r

isks

eg

cos

t inc

reas

es, pro

jec t

del

ays,

r

is k o f sco

pe ch

ange

d

ue to

resul

ts of en

viron

men

tal

as

sess

men

t.

4.2

F

or non

-gov

ernm

enta

l rec

ipi e

nts pr

ovis

ion of as

sura

nce

of

ap

prop

riat

e

g

over

nanc

e struc

ture

.

c

apac

i ty . t ra

ck r

ecor

d

m

ana

ging

l

arge

proj

ects,

a

nd

ca

paci

ty

t

o

ob

tain

n

on-f

eder

al fund

ing for

th

e

pro j

ect.

5, MinIm um

Federal

Requirements

5.

1

De

mon

stra

tion that

n

ewl

y cons

truct

ed

o

r

m

ate

rially

reh

abili

tated in

frast

ructu

re

i

nten

ded for u

se

by the

pub

lic m

ust en

sure

appr

opria

te

a

cces

s for per

sons

wit

h

dis

abili

ties,

inc

lud i

ng me e

ting

the r

equi

reme

nts

o

f the

Can

adia

n

S

tanda

rds

A

ssoc

iatio

n

Te

chni

cal

Sta

ndar

dAcc

essi

ble

D

es ig

n

for the

Buil

t

E

nvi

ronm

ent

CAN

ICS

A B6

51 -04

fo

r

new

con

struc

tion o

r, sub

ject

t

o

the

Min

isters ap

prov

al

an

y

a

ccep

table

o

r s

imil

a r p rov

inc ia

l or t

errit

orial

s

tand

ards

.

5

.2

N

ew

ly c

onst

ruct

ed or m

ateri

ally

reha

bilita

ted bui

lding

s

m

ust

me

et or

e

xcee

d the

ene

rgy

e

fficie

ncy r

equir

eme

nts of the Mo

del N

ation

al E

nerg

y Co

de for

B

uild

ings

,

wh

ere app

lica

ble.

53

Beginning

April

1,

2011 proponents

of

projects

with

a

proposed

federal

cont

ribut

ion

o

f abov

e

50

mi

llion mus

t d

emo

nstr

ate

h

ow they

wil

l

u

se

P

ubli

c-

P

riva

te

Par

tners

hip P3

p

rocu

reme

nt.

o

r

the pro

ject

is not

pur

su in

g

P

3

opp

ortun

ities

,

the

pro

pone

nt

mus

t

p

rov i

de

an

exp

lana

tion

of how

P3s we

re

co

nsid

ered

an

d wh

y

they

w

ere n

ot

p

ursu

ed.

5

.4

T

our

ism p

roje

cts f

rom

non -

gov

ernm

ent

rec

ipie

nt s

only m

ust:

Incr

ease

th

e n

umb

er of

v

isito

rs

to the

re

gion

an

d/or

the

le

ngth

of sta

y

and

or

the qu

ality

of stay

:

De

mon

strat

es

t

hat

t

he co

mm

un it

y ha

s

the

nece

ssar

y

in

fra s

truct

ure to

su

ppo

r t t he

fac

ility

,


34/57

o

unci

l

Minu

tes July

18

2 12

2

3

A

NN

EX

A

Eliq

iNe and In

elig

ible

osts

EH

gib le

cost

s wi

ll b

e

a

ll di

rect

cos

ts

tha

t

ar

e

in

ana

das o

pin i

on ,

pro p

erly

and

r

easo

nabl

y

in

curr

ed

a

nd pa

id b

y an eligi

ble re

cipie

nt

fo

r

a

n eligi

ble in

vest

men

t

u

nder

a co

ntrac

t for

good

s

or

se

rvic

es

nece

ssary for

th

e

im

plem

enta

tion

o

f

a

p

roje

ct.

Eli

gibl

e costs in

clud

e on

ly t

he fo

llow

ing

Th e c ap

ital

cos

ts o

f a

cqui

rin g, c

ons tr

uc tin

g

or reno

vatin

g a

ta

ngib

le

capit

al a

sset

a

s def

ined and d

eterm

ine

d

ac

co rd

ing

to

a

ccou

ntin

g prin

ciple

s ge

nera

lly

acce

pted

in Canada;

The

cos

ts

of

join

t c

om m

uni

catio

n

ac

tiv iti

es

pres

s

re

lease

s pre

ss

co

nfer

ence

s

tr

ansla

tion

,

et

c.> an

d ro

ad

sig

nage r

ecog

nitio

n

s

et

ou t in the Co

mm

unic

atio

n

Pr

otoco

l tha

t wl

l f

orm p

art

of

the fed

eral

-pro

vinci

al

co

ntrib

utio

n

ag

reem

ent:

ll p

lann

ing incl

udin

g

pla

ns and s

pecif

icati

ons)

a

nd a

sses

sme

nt

c

osts

sp

ecif

ied

in

the a

gree

men

t

suc

h as

the co

sts

of env

ironm

en t

al pl

anni

ng, su

rvey

ing,

e

ngin

eeri

ng arc

hit ec

tur a

l supe

rvis

ion, testi

ng an

d

m

ana

gem

ent

c

onsu

lting

serv

ices

.

Can

ada wll co

ntrib

ute

no m

ore th

an 1

5 o

f

its co

ntrib

ution to

this cost

.

Th

e

cos

ts o

f eng

ineer

ing an

d env

ironm

ent

al

revie

ws, in

clud

ing env

ironm

en t

al

as

sess

men

ts and

follo

w-up pr

ogra

ms

as

def

ined

n

th

e Can

adia

n E

nvir

onm

enta

l

A

ssess

men

t

Ac

t and the

cost

s

of

r

eme

dia l act iv

ities

,

mi

tigat

ion

m

easu

res an

d

follo

w-up id

ent i

fied

in

a

ny

en

vir o

nme

nta l

asse

ssm

ent;

C

osts of

pr

ojec

t-iela

ted sign

age

lighting,

pro je ct markings

and

utility

adjustments;

Cos

ts of

ab

orig

inal

c

ons

ultat

ion

T

he

c

osts o

f

d

eve lo

ping an

d

im

plem

enti

ng

in

nov

ative

tech

niqu

es

for

carry

ing

ou

t

the P

rojec

t:

Reci

pie n

t au

dit and

ev

alu a

tion cos

ts

as

spe

cifie

d

n

th

e ag

reem

ent

;

and

Oth

er c

osts tha t,

n

the

opi

nio n of

Ca

nad

a are c

onsi

dere

d

to

b

e

d

irect

and

nec

essa

ry for the

s

ucce

ssfu

l

i

mple

me n

tatio

n of

th

e

Pr

oje ct and

h

ave b

een

a

ppro

ved

in

wri t

ing

pri

or to b

eing inc

urred

.

E

ligi

ble

p

rojec

t

co

sts can

begi

n

to

acc

rue effe

ctiv

e as

o

f

the

date

in

dica

ted

b

y

th

e

M

inis

ter

o

f

Tr

ansp

ort

In

frast

ruct

ure

and Co

mmu

niti

es n w

riti

ng to

the

prop

one

nt

follo

win

g

th

e

M

inist

ers ap

pro v

al n

princ

iple

of

th

e proj

ect

H

owev

er

all

e

ligib

le

c

osts

out

lined abo

ve

can

be

r

eim

burs

ed

to

the

rec ipien t

only following

the

signin g

of

the

con

tribu

tion a

gree

men

t

in

res

pect

of

t

he pro

ject

.


35/57

24

ounc

il

M

inut

es

July

18

2 1

2

Th

e fol

lowi

ng are

deem

ed

ine

ligib

le

co

sts

Co

sts

incu

rred b

efore

the

da

te in

dica

ted

b

y

th

e Min

is te r of T

rans

po rt

In

frast

ructu

re

and

Co

mm

uniti

es

i

n

w

riting to

the

pr

opon

ent

foll

owin

g the

Min

ister

s

ap

prov

al o

f the

p

roje

ct

C

ost

s

inc

urred

aft

er the pr

oject

co

mp l

etion

da

te;

T

he

cos

t of

deve

lopi

ng

a

bu

sine

ss

case

or

pro p

osal for f

und

ing;

Th

e

cos

t

o

f p

urch

asin

g la

nd

and

a

ssoc

iated

re

al est

ate

and

ot

her f

ees:

Fina

ncin

g

c

harg

es and

i

ntere

st

pay

men

ts

on

loa n

s

Le

asin

g

lan d buil dings

equipment and other

facilities;

G

ene

ral re

pair

s a

nd main

tena

nce

of

a

pr

oject

wor

k

and

rela

ted struc

ture

s unle

ss

t

hey are

pa

rt

o

f a

la

rger

c

apita

l

exp

ansio

n pro

ject

tied

to

ca

pita

l

exp

ansio

n;

S

eri

ces o

r

wor

ks norm

ally

prov

ided by

the

re

cipi

ent

incu

rred

th

e cou

rse

of

im

ple

men

tat io

n

of th

e p roj

ect e

xcep

t th

ose

s

pecif

ied

as

eli

gib le co

sts;

The

co

st

of an

y go

ods

and

serv

ices wh

ich are

rec

eived

thr

ough

dona

tion

s or in

kin

d;

E

mpl

oyee w

age

s

a

nd

b

ene

fits

ov

erhe

ad

c

osts

as

well

as

othe

r

di

rect

o

r ind

ire ct

oper

atin

g main

tena

nce

and

ad

mini

strat

ive cost

s i

ncur

red

b

y

th

e re

cipi

ent

a

nd

m

ore

spe

cifi

ca lly costs

rel

ating

to

serv

ices de

liver

ed

dire

ctl y by pe

rma

nent

e

mplo

yee

s

of th

e

recip

ient

or of

a

Cr

own

C

orpo

ratio

n

or co

rpor

ati o

n o

wne

d

an

d

c

ontr

olled by

th

e r

ecipi

ent ex

cept

for

ot

her

co

sts

tha

t in

the op

inio

n

o

f

C

ana

da

are

considered

to

be

direc t

and necessary

for

the

successful

implementation

of

the

pro je

ct

a

nd hav

e

be

en appr

oved

in

wri

ting

prio

r

to

b

eing

inc

urred

o

r

c

ases

whe

re

the r

ecip

ien t

can

dem

onst

rate

val

ue

fo

r

mo

ney an

d that

the

cos

ts are

inc

rem

enta

l;

Prov

inci

al sa

les

tax

a

nd Good

s

a

nd S

ervi

ces Ta

x f

or w

hic

h th

e

r

ecip

ient

is

elig

ible

fo

r a reb

ate

and

any

ot

her cos

ts

eli

gible fo

r reba

tes; a

nd

Leg

al

f

ees


36/57

o

unci

l

Min

utes

uly

1

8 2

12

25

ANN

EX

Prote

ct Lo

cati

on

Q

uest

ionn

aire

b

origi

nal o n

sulta

tion

s

In

or

der

to

fac

ilita

te

and

acce

lerat

e the

ass

essm

ent

o

f

yo

ur

re

ques

t for f

undi

ng

Inf

rast

ructu

re

C

ana

da

n

eeds

to geo

gra p

hic a

lly

l

ocal

e

y

our pro

ject

ac

cura

tely

The

nfor

ma h

on

pro

vIde

d

w

ill

e

nsur

e

th

e pr

ope r loc

ation

of t

he p

rojec

t for

futu

re

re

feren

ce

You a

xe the

refo

re ask

ed

to

com

ple

te

th

is

qu

est i

on na

ire

to

the

best o

f y

our k

now

ledg

e an

d

with

a

s mu

ch pr

eci s

ion

as

p

oss

Ie

Address

of

the

project

Location

I

Loca tion

2

Civ

ic

N

um

ber:

Uni

t S u

ite A

pt:

Str

eet N

ame

:

M

unic

ipal

ity:

Co

unty

:

Pr

ovin

ce:

Po st

al C

od e

:

Pro

ject

L

ongi

tude

:

P

roje

ct

Lati

tud e

:

A

ddIti

onal

Pro j

ec t L

oca

tion

Det

ails:

Plea

se indi

cate

h

ot

o

m

on

n

t

any

po

ints

of

inte

res t, int

erse

ction

s

maj

or

h

ighw

ays or

s

tree

ts

or

othe

r

ph

ysical

ch

aractenstics

located

in

the

vicinity

of the projec t

Le.

ne

ar

air

port

ad

jace

nt

to

Lion

s

G

ate

Br

idge

,

3

km

eas

t

from

C

ente

nnia

l

P

ark

, at inte

rsect

ion

ci

Fift

h an

d Que

en e

tc.

Com

pon

ent

B:

Com

pon

en t

C

:

Com

pon

ent

Proj

ect

Lo

ca tio

n

Do c

um e

nts:

Plea

se

inclu

de

as an attac

hme

nt

ha

rd

cop

y o

r ele

ctron

ic fi

le a

ny

fur

ther

pr

ojec

t

l

ocat

ion

d

ocum

ent

s

that m

ay

be

use

ful

i

n

loc

atin

g

th

e

pr

oject

s

uch as

:

han

d dr

awin

gs

on

a

prin

ted ma

p

pr

int

of map

s fr

om

G

oog

le

Map

sG

ocgl

e

Ea

rthM

apQ

uest

/Yah

oo

M

aps

ek

..

loc

ation

plan

pr

oject

site

ma

p.

aer

ial pho

to

leg

al

or wri

tten

d

esc

riptio

n

of

pro

ject

loc

atio

n,

s

urve

y pla

n e

ngin

eerin

g

p

lan

or

any o

ther

p

lans

or draw

ing

s

from

rep

orts

stu

dies

or an

alysi

s.


37/57


38/57

C

ounc

il

Mi

nute

s

Ju

ly 1

8 2012

Sch

edul

e E:

Sens

itivi

ty an

alysi

s

33

mill

ion guar

ante

e

Gx

int j

a, Centre

Axm

Peyrrent

Mx

tTe

PrciectedCm

jeti

cn

t

ith

Z115

P

rw

i

331vM

33crrn

l7 r

m,

i7

rrn

lfrr

m

m-t

jzjm

25

3)

25

3)

25

3

)

42

(S

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SiZ i

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742l

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,I46

g (

SiO1

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1

i

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4Q3

7 57 I

9

(2

2 79

3)

(i

446

34

(c

3 z4

j

(cJ

1Q4

4)

5 2D

)

47

9/a

(

z5aw

1

5I

( i

41 I4

714

)

(

SW7

47

(

i1xo

1) (ti3

SL2

t R

s

cm

(

2

i,4

3tG

3

(1

6,W

73 L

S

i,Z), 17L77)

51,

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(Si. 135,J1)

32) (

Si,(r

FQ2

S/

c

2

, 1Cfl41i13

S

2E881

(S1

JE ii

li 7

3] 72)S787)

(i

m5

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1U

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7*

( I,

7,3 2

JQ1

( 1,17f33i

i?)

(1,iQ

?EL

( ,1r

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)

(,Z

47 i

i 2 )

(S 33

36 35

8 S1

234

(

117

&X

i22

2,fl1

S

,4 2

t

625

( &

i2 24

1)

(

Z4 6

U B

E

( 11

,aR

53 )

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1

,su

1.

13 2

63i3

6

YA

(

527

SS9

1,EBSJ2

( i.

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5Z

(

i,3ii

RQ ( i,225,ZT2)Ce

625Y

(

2rP2

)Rc

i.

(?

,5 8

3l il

)

(5

3,42

1

17

3

(S,335133G3)

(

5,32

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7.cxD

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07)

(S

23 S

137 )

Si. 0

T3

iE

cx3

Sf

2,R

Q

ZIlS

inter

est

rete utilized

in

St

rateg

i


39/57


40/57


41/57

Council

Minutes

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