Climate Change Adaptation:
Upgrading the HVAC system will increase the Capital Theatre’s resiliency to extreme temperatures (both lows and highs) as mechanical breakdowns are less likely with newer systems
Financial Matters:
Administration identified the following items, along with their respective funding sources, as part of the 2020 8-Year Capital Plan and total $2,150,000. While the original submission for this project was intended to be for the full $2,150,000, the delays due to the pandemic have resulted in a subset of these initiatives to ensure compliance with grant timelines for completion can be met. In addition, some work, in particular the carpet replacement, has already commenced, resulting in those costs being ineligible. While not all projects will be committed to the grant , Administration intends to demonstrate in the application the City’s continued support of the Capitol Theatre through our past, present and future investments.
|
Description |
Amount |
Current Funding Source |
|---|---|---|
|
Basement Leak Repairs – Grant Submission |
100,000 |
ENG-010-17 - 2020 Service Sustainability |
|
Basement Interior Finishing – Future |
225,000 |
ENG-010-17 - 2020 Service Sustainability |
|
Carpet Replacement – Current |
50,000 |
ENG-010-17 - 2020 Service Sustainability |
|
Plaster Repairs - Phase 1 – Future |
125,000 |
ENG-010-17 - 2020 Service Sustainability |
|
Plaster Repairs - Phase 2 – Future |
200,000 |
ENG-010-17 - 2022 Service Sustainability |
|
Other Flooring Repairs – Grant Submission |
250,000 |
ENG-010-17 - 2021 Service Sustainability |
|
HVAC Replacements – Grant Submission |
1,200,000 |
PFO-009-11 - 2022 Service Sustainability |
|
Total |
2,150,000 |
A total of $1,600,000 in capital works for Basement Leak Repairs, Other Flooring Repairs, Carpet Repairs and HVAC replacement make up the defined projects for the grant submission request of $500,000.
In the interest of starting these significant renovations in a timely manner, Administration recommends that these funding amounts be pre-committed for immediate use. Starting work on these renovations will not put any of the requested grant funding at risk. The Ministry has indicated that any eligible expenses incurred after submission of the grant application would be eligible for funding. Should the City’s application be unsuccessful, the City would be entirely responsible for the $1,600,000 in project costs, as was originally recommended in the Capital Budget.