It should be noted that the project is currently in an unfunded position of $59,925, pending the sale of Fire Station No. 5, and will continue to incur financing charges until the deficit is mitigated.

Despite this, once sale of Fire Station No. 5 is complete, Administration is estimating a net surplus of approximately $260,000, of which $190,000 has been set aside for Species-At-Risk. As noted above, Administration is recommending that the overall anticipated surplus from project 7139004 be transferred to a new, separate Reserve Fund for this ongoing work, pending the sale of Fire Hall Station No 5.

Consultations:

Fire Station No. 2 Project Administrator – Wadah Al-Yassiri Deputy Treasurer, Financial Planning – Tony Ardovini Fire Chief – Stephen Laforet Financial Planning Administrator – Carrie McCrindle Manager of Capital Budget and Reserves – Victor Ferranti

Conclusion:

The projects for Fire Stations No. 2 and 5 are estimated to finish with an overall budget surplus of approximately $260,000. Work is complete and operations have been ongoing in the facilities.

The introduction of Fire Station No. 2 facilitated an adaptive design, in which mitigation measures were introduced to limit negative impacts to the neighbourhood.

As part of Fire Station No. 5, the capacity for Administration to respond and adapt to Species at Risk Mitigation measures was developed and secured. Future projects will benefit from the knowledge and experience gained from this project to address new legislative requirements.

In addition, each of the station builds incorporated best practices learned from previous projects. Some of the innovations adopted included additional privacy measures in the sleeping quarters for firefighters, selection of a subtle exterior brick as a cost savings that fits the surroundings, the incorporation of a smoke and pollutant extractor for gear and equipment, and additional automation of garage doors and dispatches to calls.

It is recommended that surplus funds associated with the project be moved to a new Species-at-Risk/Fire capital reserve fund in order to support compliance with the Ministry of Natural Resources and Forestry permit commitments. Administration will update council as to the final project balance and the amount to transfer to the reserve once the sale is finalized and the transfer to the project has been made.