2016-2020_Financial_Plan_Web

CAPITAL PROGRAM RANKED CAPITAL PROJECTS

The following section lists the 2016 ranked projects that were approved by Council during the budget process.

ARTIFICIAL TURF FIELDS $2,000,000

This funding will provide for the initial design of an additional artificial turf field at the Cloverdale Athletic Park with construction beginning in 2017. There will be no additional operating costs associated with this project as costs are recovered through user fees for artificial turf fields. The 2016 contribution to the multi-year project is $200,000. OPERATING IMPACT: The 2016 – 2020 Financial Plan does not include additional operating costs as all costs associated with the implementation and delivery of this program are included within the allocated funding. In July 2014, Council adopted the Biodiversity Conservation Strategy, a program designed to preserve, protect and enhance Surrey’s biodiversity in the long term, through identifying current biodiversity resources, establishing management criteria for our green infrastructure and urban ecosystems, recommending policy and procedures to support the initiatives in the plan and to provide long term monitoring. A major component of the City’s management plans include the acquisition of land. This fund- ing allows for very modest acquisition investments in support of the plan until more sig- nificant and long term funding mechanisms are established. OPERATING IMPACT: The 2016 – 2020 Financial Plan does not include additional operating costs as all costs associated with the implementation and monitoring of this program are included within the allocated funding. CITY CENTRE ART SPACE $250,000 In 2015, the interior demolition of this space was completed and a request for expressions of interest for an arts group to operate the space was issued. The operator (s) have been selected (Streetrich Hip Hop Society and the Royal Canadian Theatre Com- pany) and the remaining renovations will be completed in 2016. The 2016 contribution of this multi-year project is $100,000. BIODIVERSITY CONSERVATION PROGRAM $500,000

OPERATING IMPACT: The 2016 – 2020 Financial Plan includes an additional $41,000 in operating costs for the on-going delivery of this program.

2016-2020 FINANCIAL PLAN

319