Financial Matters:

The estimated cost to replace the existing school crossing on Cabana Road East at Karen Street/Clara Avenue with a different type of controlled pedestrian crossing are summarized in Table 3. These costs include all signs, equipment, and pavement markings, as well as removing school crossing signs and pavement markings that would no longer be appropriate.

Table 3: Estimated Capital Costs

Option	Estimated Capital Cost (including non-recoverable HST)
Option 1: Level 1 Type A pedestrian crossover	$60,000
Option 2: Intersection pedestrian signal	$75,000

The Committee recommendation identifies Ward 9 ward funds as a source of funds for the capital cost. While the 2019 Capital Budget has not been approved as of the date of this report, the proposed amount of ward funds of $50,000 per ward is not sufficient to complete this work.

Estimated annual maintenance and operating costs for both options are given in Table 4; actual amounts will vary based on fluctuations in power costs and actual maintenance experience.

Table 4: Estimated Operating Costs

Option	Estimated Annual Costs
	Power	Maintenance	Total
Option 1: Level 1 Type A pedestrian crossover	$480	$2,000	$2,480
Option 2: Intersection pedestrian signal	$600	$2,000	$2,600

These ongoing costs are for electrical power and maintenance only. They do not include repairs or future replacement costs.