MattersTransportationBylaw No. 1631First seen Apr 18, 2016Last discussed May 16, 2016
Bear Mountain Parkway extension borrowing
AdoptedThe bylaw authorizes borrowing up to $5 million for the Bear Mountain Parkway extension, with a 15-year term referenced in the staff report. Property owners in the local area service are responsible for costs above the loan amount.
Where it stands: The loan authorization bylaw was adopted May 16, 2016.
Background
Earlier and later steps of the same initiative.
Apr 18, 2016 – May 2, 2016
Bear Mountain Parkway extension local area service
The proposal funds a two-lane, roughly 3.23-kilometre extension of Bear Mountain Parkway from Leigh Road and McCallum Road to the existing parkway at Bear Mountain Village. Benefiting properties would repay costs through a parcel tax, supported by a loan of up to $5 million.
Jul 18, 2016
Bear Mountain Parkway extension
The city directed staff to award the Bear Mountain Parkway extension construction contract to the lowest compliant bidder. The project is to be funded through its local service area.
Aug 15, 2016
Bear Mountain Parkway borrowing
The bylaw concerns temporary borrowing for the Bear Mountain Parkway Extension local area service. The available record gives no borrowing amount or repayment details.
Apr 15, 2019 – May 6, 2019
Bear Mountain Parkway extension parcel tax
This bylaw creates a parcel tax connected to funding the Bear Mountain Parkway Extension. A parcel tax can add a charge to the tax bills of properties subject to the levy; the supplied records do not specify the amount or which properties are liable.
Timeline
Every time this matter appeared in council records, newest first.