MattersFinanceBYLAW 1655First seen 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.
Where it stands: First, second and third readings given Aug 15, 2016; final adoption remains outstanding.
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.
Apr 18, 2016 – May 16, 2016
Bear Mountain Parkway extension borrowing
The 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.
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.
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.
Jun 29, 2020
Bear Mountain Parkway roadway construction
The city directed staff to work with the developer group on the ultimate roadway configuration of Bear Mountain Parkway from Flint Avenue to Marble Drive. The contract was to go to the lowest compliant bidder, subject to funding agreements.
Timeline
Every time this matter appeared in council records, newest first.