V) That City Council APPROVE the following recommendations upon receiving confirmation that the City’s grant application submission has been received by the grant provider for their review and consideration:
a) That Council PRE-APPROVE and AWARD any procurement(s) necessary that are related to the Celestial Beacon /Streetcar Museum project, provided that the procurement(s) are within approved budget amounts, pursuant to the Purchasing By-Law 93-2012 and amendments thereto; satisfactory in financial content to City Treasurer, and in technical content to the to Corporate Leader of Parks, Recreation & Culture and Facilities and City Engineer; and further,
b) That the Chief Administrative Officer and the City Clerk BE AUTHORIZED to take any such action required to effect the recommendation noted above and sign any required documentation/agreement(s) for the Celestial Beacon /Streetcar Museum project, satisfactory in legal form to the City Solicitor, in technical content to Corporate Leader of Parks, Recreation & Culture and Facilities and City Engineer and in financial content to the City Treasurer; and further,
c) That the Purchasing Manager BE AUTHORIZED to issue Purchase Orders as may be required to effect the recommendation noted above, subject to all specification being satisfactory in technical content to the Corporate Leader of Parks, Recreation & Culture and Facilities and City Engineer; in financial content to the City Treasurer.
VI) That City Council APPROVE a total budget of $7,000,000 (net City Cost of $3,967,934) for the Celestial Beacon project, to be funded as follows:
- Canada Cultural Spaces Grant Funding of $3,032,066
- $2,000,000 already approved by Council through CR B30/2019 as part of the Central Riverfront Improvement project; and,
- Pre-commitments of $300,000 in each of 2022 and 2024 Pay-As-You-Go funding from the Grant Matching and Inflationary Pressures project, FIN-001-19; and,
- Pre-commitments of $954,000 in 2023 Pay-As-You-Go funding and $413,934 in
Pre-commitment of $632,066 in 2024 Pay-As-You-Go funding from the Central Riverfront Park Improvements project PFO-001-14; and,$1,350,000 from the PYG funding reserve; and,$1,050,000 in placeholder funding for Paul Martin Building (CAO-001-16) be directed to the Celestial Beacon Streetcar project and that those funds be deemed