That the planned borrowing to finance the following projects be approved, in principle, through capital budgets and capital plans:
- Up to $30,881,000 for the North East Sector Reservoir (Capital Project 2219);
Up to $3,708,000 for the Wastewater N40 Forcemain (Capital Project 2592);
Up to $7,000,000 for the Civic Accommodation Plan (Capital Project 1949);
Up to $4,250,000 for the Fire – Regional Training Facility (Capital Project 2525); and
An allowable 10% variance on the borrowing requirements for each project identified. Any variance greater than 10% of the borrowing amount identified must be reported to City Council.