Authorization to Release Section 42 Funds to Amend the 2024-2033 Capital Budget and Plan for Parks, Forestry and Recreation for the L’Amoreaux Kidstown Waterpark Redevelopment - By Councillor Nick Mantas, Seconded by Mayor Olivia Chow

Extensive public and Indigenous engagement has taken place since the projects' inception in 2020, and the current design represents the wants and needs of these communities. Parks, Forestry and Recreation's (PFR) has received tender bids for construction of planned work at L'Amoreaux Kidstown that exceed the approved budget of $13.0 million. There are three main reasons for the shortfall between the bids received and available budget: 1. It is a specialized facility with unique design features and purpose-built water play elements; 2. Pre-tender costs prepared by a cost consultant underestimated the project values and labour costs of the unique features, and, 3. The City continues to see cost escalations in the construction industry on tendered projects. To proceed with the award of contract, this motion requests authority from City Council to amend the 2024-2033 PFR Capital Budget and Plan in the amount of $5.000 million for the L'Amoreaux Kidstown Improvements sub-project, increasing the project cost from $8.993 million to $13.993 million with cash flow commitments in 2025. This project is classified as Service Improvement and will be fully funded by $2.000 million in Section 42 First 5 percent Cash-in-lieu City-Wide Parkland Development reserve fund (XR2211) and $3.000 million in various Section 42 Above 5 percent Cash-in-lieu sources. These funds have been received and are eligible for these purposes. The balance of the contract award will be funded through the following programs: State of Good Repair, Various Buildings and Parks Accessibility and Reconciliation and Indigenous Placemaking. This motion is deemed urgent as the funds are required to proceed with the award of contract for construction to commence in Spring 2024 in order to meet timelines for a summer 2025 opening.

$2.000 million from Section 42 First 5 percent Cash-in-lieu City-Wide Parkland Development Reserve Fund (XR2211); and b. $3.000 million from various Section 42 Above 5 percent Cash-in-lieu sources included in the chart below: Development Location Internal Order Account (XR2213) Amount ($) 20 Stonehill Towers Limited 4200182 $0.01 185 Bonis Avenue 4200309 $11,376.71 1030 McNicoll Avenue 4200352 $437.36 1251 Bridletowne Circle 4200813 $31,053.72 0 Bonis Avenue (205 Bonis Avenue) 4200934 $1,383.05 0 Bonis Avenue (215 Bonis Avenue) 4200935 $1,155.55 0 Bonis Avenue (195 Bonis Avenue) 4200933 $14,642.06 255 Village Green Square (275) 4201069 $9,656.43 3105 Sheppard Avenue East 4201134 $8,352.76 225 Village Green Square 4201162 $17,402.74 1028 McNicoll Avenue 4201156 $19,389.15 3220 Sheppard Avenue East 4201257 $13,812.42 3453 Victoria Park Avenue 4201602 $848,244.61 3050 Pharmacy Avenue 4201717 $1,002,995.00 3445 Sheppard Avenue East 4201738 $671,837.12 3260 Sheppard Avenue East 4201744 $348,261.71 Total $3,000.000.00