Presentation
PRESENTATION: Growing Communities Fund Eligibility Criteria
May 16, 2023Pages 92–976 sections
Presentation summarizing the grant conditions and the Town's next steps for project identification.
Criteria: One-off projects, not ongoing operationsRequirement: Projects must be incremental to existing plans
Growing Communities Fund
Eligibility Criteria
Page 92–97
Growing Communities Fund Criteria
- 5 years
- To increase housing supply
- One-off projects, not ongoing operations
- Incremental
Page 92–97
What does incrementality mean for projects already in the financial plan?
| Capital project funding source | GCF eligibility | Unless . . . |
|---|---|---|
| Casino revenue | No | The project is advanced in time (earlier) such that Casino funding is insufficient |
| Community Works Fund (CWF) | No | The project is advanced in time (earlier) such that CWF funding is insufficient |
| DCCs | No | The DCC bylaw is amended to reduce the rate(s) by the amount offset by GCF |
| Reserves | No | The project is advanced in time (earlier) such that reserve funding is insufficient |
| Grant funding-approved | No | The project costs exceed the budget total and additional funding is required |
| Grant funding-pending approval | Yes | |
| Debt | Yes | Debt funding has already been approved |
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What else?
- Transfers to third party
- Reserve
- Report (x2)
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Caution
- Each individual project will need one or more staff to deliver, especially if public engagement is required
- Accelerating projects already in the financial plan or adding projects may mean something else won't get done as planned
- Staff recommend drawing from priorities identified in foundational documents – master plans, Active Transportation Network Plan
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Next . . .
Staff are in the process of identifying potential projects that meet eligibility criteria.
Page 92–97
Extracted from: 2023 05 16 Council Agenda - Agenda - Pdf