Item - 2017.BU32.8

The Budget Committee recommends that:  

1. City Council authorize an amendment to the Parks, Forestry and Recreation's approved 2017 Capital Budget for the Wellesley Community Centre Pool Construction sub-project in the Pool project, to increase the project cost by $3.000 million from $16.000 million to $19.000 million, with the 2019 cash flow increasing from $1.000 million to $4.000 million, funded by $1.900 million from Parks, Forestry and Recreation's Development Charges (XR2114) and $1.100 million from the City-Wide Parkland Development Cash-in-lieu reserve fund (XR2211).

2. City Council authorize the following adjustments to the approved 2017 Capital Budget for the Canoe Landing Community Recreation Centre and Child Care Centre Construction projects that is co-located with the Toronto District School Board and Toronto Catholic District School Board:

a. Amend the 2017 Parks, Forestry and Recreation Capital Budget for the Canoe Landing Community Recreation Centre sub-project in the Community Centre project, by increasing the project cost by $4.876 million from $28.692 million to $33.568 million, with the 2019 cash flow increasing from $3.863 million to $8.739 million, funded by Parks, Forestry and Recreation's Development Charges (XR2114).

b. Amend the Parks, Forestry and Recreation Capital Budget for the Canoe Landing TDSB and TCDSB Schools sub-project in the Community Centre project, by increasing the project cost by $3.509 million from $36.451 million to $39.960 million, with the 2019 cash flow increasing from $6.154 million to $9.663 million, with funding from the Toronto District School Board and the Toronto Catholic District School Board.

c. Amend the Children's Services Capital Budget for the Block 31 (Canoe Landing) Child Care Centre Construction project, by increasing the project cost by $1.092 million from $3.628 million to $4.720 million with the 2019 cash flow increasing from $0.426 million to $1.518 million with funding of $0.342 million from the Development Charges Reserve Fund - Child Care (XR2122) and $0.750 million from the Child Care Capital Reserve Fund (XR1103).

The purpose of this report is to obtain authority from City Council to amend the approved 2017 Parks, Forestry and Recreation (PF&R) and Children's Services (CS) Capital Budgets and future year commitments by adjusting project costs and cash flows included within the Budget for the Wellesley Community Centre Pool and Block 31. Block 31 is a co-located shared-use project that includes Canoe Landing Community Recreation Centre and Child Care Centre with the Toronto District School Board (TDSB) and Toronto Catholic District School Board (TCDSB).  Both projects were tendered and the bids exceeded the available funding.  Additional funds are required in order to award the contracts to the lowest bidders.