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Committee News In Brief – April 18 & 19, 2016

CH3Corporate and Community Services Committee – April 18, 2016

LaSalle Park Marina Wave Break

Committee approved the authorization of a letter of support from the Mayor to assist LaSalle Park Marina Association (LPMA) with securing funding opportunities for the construction of a permanent wave break at LaSalle Park Marina. The proposed funding source for construction is: $4 million from the federal government; $4 million from the provincial government and a $4 million loan from Infrastructure Ontario. At this time, LPMA has indicated to the city that a Joint Venture Loan from the city is not needed. Approval of the letter goes to City Council on May 9, 2016. Read more here.

Finger Docks for LaSalle Park Marina

Committee approved LaSalle Park Marina Association’s (LPMA) application for Joint Venture Financing to an upset limit of $250,000 to be used towards the purchase of finger docks. This is a 10-year non-tax supported debenture to be fully repaid to the City of Burlington by the LPMA. The total project cost is $370,000. The remainder of the funding includes: $109,000 from Canada 150 Community Infrastructure Program and $11,000 from the LPMA. Goes to City Council on May 9, 2016.

Agenda, reports, minutes and video for this Committee meeting can be found here.

Development and Infrastructure Committee – April 19, 2016

Older Adult Property Tax Deferral Program

The committee approved the Older Adults Property Tax Deferral Program in Burlington governed by the Region of Halton. The program offers low-income adults who own and live in their homes in the City of Burlington a full property tax deferral with interest being paid by Halton Region. The launch date is July 1, pending council approval on May 9, 2016. Read more about the program in the mayor’s column. Continue reading

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