Due to COVID-19 and the public health measures being taken, the upcoming SAG meeting and the subsequent Public meeting have been put on hold. Administration is looking at alternative options for effective community engagement during this time.

Risk Analysis:

There are no critical or significant risks associated with the recommendations in this report.

Financial Matters:

Sufficient funds are available within the project budget (Project ID: 7181013) to the Phase 1 scope of work. Phase 2 funding requirements are dependent on complete the outcome of Phase 1 (Study) and the specific direction received from Council.

Consultations:

Stormwater Financing Study Executive Committee Natasha Couvillon – Financial Planning Fahd Mikhael - Engineering Victor Ferranti – Asset Planning

Conclusion:

Phase 1 (Study) of the Stormwater Financing Project will identify, review and evaluate alternative funding mechanisms to support the City’s growing need for a new stormwater funding program. At the completion of Phase 1 (Study), recommendations will be presented to City Council relative to a new proposed funding approach.

Administration recommends this informational report be noted and filed.

• Finalize recommendations on a preferred funding framework and rate structure which offers a fair and equitable method for allocating the costs of the stormwater program.
• Report recommendations to Council for consideration (tentative Summer/Fall 2020).