*Report templates to be provided by the Ministry
Risk Analysis:
Failure to meet the deadline to provide acknowledgment for the Phase 1 funding may forfeit the City’s payment of $6,345,626 and any further possibility of requesting further assistance as described in Phase 2.
As Administration continues to monitor and quantify the impact of the COVID pandemic to the City’s finances, there are still many unknowns calling for the use of significant assumptions. This presents a challenge in providing any degree of certainty to the full financial impacts to the Corporation as the situation continues to change daily. This risk is mitigated by seeking all necessary approvals in this report required in order to secure, report and pursue funding in the Safe Restart municipal transit pressures stream.
Financial Matters:
The financial impacts brought upon by the COVID-19 Pandemic were identified in Council Report C134/2020 which was presented to City Council on July 13, 2020. The year-end projected total net financial impact of the COVID-19 Pandemic to Transit Windsor, was estimated at approximately $4.8M. These estimates were based on June 2020 information and based on a series of assumptions as to how the balance of the year may unfold relative to COVID and the resumption of day to day services. Clarity as to what costs and revenue losses may be eligible for this program are not currently known pending further details from the Province. As such, while the previous deficit was estimated at $4.8M, this number is likely to change. It should also be noted that any surplus funding from Phase 1 can be applied to costs incurred in 2021, up to March 31, 2021. As such there is a strong possibility that there will be a need for Phase 2 transit funding and Administration is seeking approval in this report to pursue it if necessary.
Consultations:
Conclusion:
The approval of the recommendations in this report will allow the City to receive $6,345,626 in funding to address the COVID-19 municipal transit operating costs and pressures.
Planning Act Matters: N/A
Approvals:
| Name | Title |
|---|---|
| Melissa Osborne | Senior Manager Asset Planning |
| Pat Delmore | Executive Director Transit Windsor |