HomeMy WebLinkAboutCS 12/00�S� � ��1roFn���
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��� REPORT TO COUNCIL
FROM: Gillis A. Pnterson DA7'G: May 16, 2000
Director, Corporate Services & Treasurcr
REPORT NUMBER: CS 12-00
SUBJECT:
Authority for the Director, Corporate Services & Treasurer to Recommend Project
Financing Approval During Recesses of Counci)
RECOMMENDATION:
Thut the Exccutive Committce recommend to Council thuC
I, tha Director, Corporate Services & Trcasurcr be authorized to recommend nnd upprove
project finnncing to the Muyor and Chicf Administrativc Officer for projects cantained in the
nnnual cnpitul budgct or current buJgct, during rccesses of City Council; and
2. thnt uppropriute o(ficiuls of thc City of Pickering be nuthorized to qive effect thcreto.
ORIGIN:
Dircctor, Corporutc Scrviccs & Treasurcr
AUTHORITY:
2000 Currcnt and Capital Budgcts
F[NANCIAL IMPLICATIONS:
Not Applicablc
EXECUfIVE SUMMARY:
Nat Applicuble
BACKGROUND:
Project Finuncing Approvnls nre preparcd nt the time of the awnrcl of the tender for the project
und nre npproved by the T�easurer. Project Financing Approvul Fortns will bc prepnrcd for nll
capitul expenditure projects thut arc finunced by ali sources othcr thnn frum current rcvenues.
'fhese sources of financing include development chnrges, rcservc funds und the issuunccs of
debentures.
Recommendntion No. 1 of this rcport is to give the Dircctcr, Comornte Services 8c Trorsurcr
authority to issue Projecl Financing Approvals for those projccts for which the Muyor nnd Chief
.•� Repart ro Council CS 12-00 : Dntc: Mey 16, 2000 8�
Subject: Authority fot the Director, Corpornte Services & Trensurer Page 2
to Recommend Project Approval During Recesaes of Council
Administrntive Officer will be awurding constructian contrncts during recesses of Council, for
cxnmple Christmns, New Yenrs, nnd this yenr, during the recess for the civic clection. This
recommendation is consistent with the policy upproved for the summer recess period unter
Report No. CAO 10-00 of the Chief Administrative Officer granting him approval to awazd
tenders under certnin specific conditions. This recommendation provides for thc npprovzl of
finuncing for any tenders so uwnrded.
ATTACfiMENTS:
Not Applicnble
Approved / Endorsed By:
L�
Giilis A. Putcrson
Dircctor, Corporale Services & Trcnsurer
GP:vw
Copy: T.J. Quinn, ChieF Administrative OiCccr
Recommended for thc considcrution of Pickering
City Council /0//'�\
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