THAT the 2022 capital expenditures and revenue sources in the amount of $59,011,500 be approved;
AND THAT capital expenditures and revenue sources in the amount of $560,000 be pre-committed for 2023 for project A/00714-40 Region – Dundas St Ph2 Hespeler to Shade, identified as requiring funding over a two-year period;
AND THAT, in accordance with s.s. 5(1) of the Development Charges Act, 1997 and S. 5 of Ontario Regulation 82/98, it is the clear intention that any excess capacity provided by any of the above referenced works will be paid for by future development charges;
AND THAT any donations, grants or subsidies applied in the 2022 capital program to projects with development charges funding are to offset the non-growth-related costs of those projects;
AND FURTHER THAT the forecasted capital expenditures and revenue sources for 2023 through 2031 be approved in the total amount of $516,164,500, to be revisited annually.