Town of Oakville Capital Forecast and Financing Plan Capital Forecast and Financing Plan

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1 Capital Forecast - Executive Summary Town of Oakville Capital Forecast and Financing Plan 1

2 Capital Forecast - Executive Summary Introduction Municipalities deliver many services that are critical to the health and well-being of their residents and businesses. These services rely on well-planned, well-built and well maintained infrastructure. Therefore, it is essential that a municipality has a strong strategic framework that guides future investment in ways that support economic growth, maintains ageing infrastructure, responds to changing needs and is fiscally responsible. Through capital budgeting the town can plan for future operating budget expenditures, manage debt repayment levels, and determine future reserve fund requirements. All of which need to be managed effectively in order to ensure the town s long-term financial position is sustainable. The implementation of the capital plan allows the town to provide the necessary infrastructure to maintain or enhance future service levels. The capital forecast and financing strategy has been built on the foundation of Council s strategic goals resulting from many of the studies undertaken under Vision 2057 and the Strategic Workplan. Vision 2057 provides for a Sustainable Community Framework with its key strategic direction to Create it, Preserve it, Afford it and Live it in which many community development plans and master plan studies have been identified. This ten-year capital forecast strives to incorporate the initiatives outlined within these plans while ensuring fiscal sustainability. Capital Budget Development/Program Needs Overall, the capital forecast and financing strategy identifies the capital needs necessary to ensure service levels are maintained for the various programs offered across the town. A comprehensive capital forecast not only plans for renewal and replacement of existing infrastructure used to support town services, but also takes into consideration future needs. Plans also need to set out desired service levels and outcomes to be achieved from each asset category while aligning appropriate financial strategies to ensure fiscal health of the municipality is maintained. Determining how available funding should be allocated towards each of the capital related activities can be a difficult task. Strategies on how to evaluate or prioritize capital projects within the town have been developed which consider the benefit of the project to the community, health and safety or legislative requirements and alignment of the project with council s strategic goals. 2

3 Capital Forecast - Executive Summary The Infrastructure Renewal portion of the capital forecast has been developed using asset specific data in the Corporate Information System (CIS). Annual condition assessments of the various asset categories have been incorporated into the budget process and guide the decision making along with age of the asset and type of use/demand on the asset. The Growth, Strategic Priorities and Community Enhancement portions of the capital forecast incorporate projects identified through one or more of the town s multi-year master plans that were developed to support the development and future outlook of the town. Major elements include: Livable Oakville Official Plan 2017 Development Charges Background Study Switching Gears: Transportation Master Plan and 2017 Transportation Master Plan Review 2017 Parks, Recreation and Library Facilities Master Plan Review 2016 Fire Master Plan 2017 Active Transportation Master Plan Update Located on the town s website is a link to an interactive GIS map which plots the various projects included in the 2018 capital budget and illustrates the location and provides detailed information about the project. Capital Budget Framework The capital forecast is built on a framework based on drivers in which to review and assess capital project needs. All financial tools available to the town need to be managed as a whole with the overall fiscal picture in mind. Therefore, the framework which was developed grouped projects into 5 categories: Growth Cost to maintain current service levels as the town s population grows. Needs identified in the Development Charges Study. Infrastructure Renewal Costs to maintain existing infrastructure in a state of good repair. On-going replacement of infrastructure at end of useful life. Strategic Priorities Costs for other initiatives identified to achieve council s strategic goals. Community Enhancements Costs for improvements or enhancements to the community that increase the current level of service but are not entirely driven by growth. Enterprise Initiatives Costs that support ongoing initiatives for the town s self-supported programs; Cemeteries, Harbours, Parking and Building Services. 3

4 Capital Forecast - Executive Summary Capital Financing Policies and Assumptions The capital forecast and financing plan has been developed with the following financing policies and assumptions. These financial strategies form the basis of the town s strong financial position and are monitored to ensure the town s long-term financial position is sustained into the future: Debt re-payment levels including the hospital commitment remain within the council approved policy limits; Outstanding debt to reserve levels do not exceed the 1:1 ratio required to maintain AAA credit rating; The 1% Capital levy increase is maintained over the 10 year period; Timing of Growth projects aligns with anticipated residential and non-residential development; Development Charge reserve funds remain in a surplus position; Capital reserves are maintained at sufficient levels to minimize risk, support future initiatives and provide for unknown contingencies; Equipment reserves are maintained at sufficient levels to support on-going life cycle replacements; Building replacement reserve contributions are maintained and as new facilities are built contributions are increased phased over 5 years. 4

5 Capital Budget Overview and Financing Summary Capital Plan by Category The ten-year capital plan continues to implement objectives set out in the various master plans and strategic goals while maintaining fiscal sustainability and ensuring fiscal policies are adhered to. This next section will provide an overview of the ten-year capital program and financing strategy. The capital forecast totals $1.25 billion over 10 years, of which $ million in gross expenditures was approved by Council on December 18 th, 2017 as part of the 2018 budget with an additional $5.55 million added to South East Community Centre for land purchase which was updated to fair market value during the DC Study. The following chart illustrates a breakdown of the total ten-year program by category Capital Forecast (millions) Note: Numbers may not add due to rounding in this chart and all subsequent charts. 5

6 Capital Budget Overview and Financing Summary Growth - $623.9 Million Projects supporting growth of the town are of great importance with $623.9 million in projects representing the largest portion of the budget at 50%. As the town grows it is important that new infrastructure is in place to maintain current levels of service for its residents. The forecast is based on newly updated master plans completed in 2016 and The recommendations of the updated master plans have been incorporated in the 2017 Development Charges Background Study which was presented to Council on January 29 th, Significant Growth infrastructure projects currently included in the forecast include: Burloak Drive ($54.0M) and Kerr Street ($51.8M) Grade Separations Sixteen Mile Community Centre and Library - $53.0M New Parks and Parkettes - $46.0M New Buses, Vehicles and Equipment - $36.8M Fire Stations 4, 8 and 9 - $23.0M Infrastructure Renewal - $484.8 Million The second largest component of the capital forecast is Infrastructure Renewal with $484.8 million representing 39% of the total budget. Infrastructure renewal projects consist of various repairs and replacement for town facilities, vehicles and equipment as well as continuous improvements to roads, bridges, park amenities and systems and network infrastructure. These projects are necessary in order to ensure that the town s existing infrastructure remains in a state of good repair so that service delivery to Oakville residents is not impacted. Significant Infrastructure Renewal investments over the 10 year period include: Road Preservation Program - $101.0M Vehicle & Equipment Replacements - $100.0M Facility Renewal - $84.9M Park & Trail Rehabilitation - $44.7M Road & Bridge Improvements - $42.4M Erosion Control - $35.9M 6

7 Capital Budget Overview and Financing Summary Strategic Priorities - $49.8 Million These are projects that have been initiated by staff in order to achieve the goals set out in Council s strategic plan. Funding for this category totals $49.8 million. Significant projects include: EAB Management Program - $20.6M Khalsa Gate Streetscape Improvements - $6.0M Web Based Services - $4.7M Fire Station #3 Demolition - $2.7M Glen Abbey Creation Hub and Renovation - $2.4M Community Enhancements- $72.4 Million This category includes $72.4 million in improvements or enhancements to the community that increase the current level of service but are not entirely driven by growth. The timing of these projects has been carefully reviewed to ensure they are coordinated with other developments and include the following: South East Community Centre and Neighbourhood Park - $46.5M Trafalgar Park Revitalization (year 2 funding) - $21.1M Park and Trail Improvements - $4.8M 7

8 Capital Budget Overview and Financing Summary Enterprise Initiatives - $16.2 Million A total of $16.2 million has been included in the capital plan to support on-going initiatives in the town s self-supported programs: Harbours, Cemeteries, Parking and Building Services. Projects include: Bronte Outer Harbour Dockage - $3.9M Seawall Installation and Rehabilitation Projects - $3.7M Dredging Projects - $1.4M Parking garage and parking lot improvements - $1.2M Cemetery Land and Product development $0.9M 8

9 Capital Budget Overview and Financing Summary Downtown Cultural Hub Update On November 28 th, 2016, Council endorsed the timelines to guide the implementation of the Downtown Cultural Hub. These timelines were outlined in two general phases of an incremental work plan with Phase to 2020 and Phase with specific activities and initiatives to be undertaken under each phase to support Council s vision and objectives for the downtown. Some of the key elements included: 2016 Plan Lakeshore Road Bridge reconstruction and develop Harbours Master Plan Undertake Lakeshore Road Bridge reconstruction and design Lakeshore Road re-construction. Plan new waterside gathering place, create downtown information campaign store front and finalize a planning timeline, including potential sources of funding for renewal or replacement of cultural facilities Lakeshore Road reconstruction and streetscape improvements, complete updates to Livable Oakville and Sustainable Halton Official plan, begin development projects on fire hall site, opening of new community centre on former hospital site Initiate downtown celebration and marketing campaign, removal of Centennial pool, create water view public feature Renewal of downtown cultural facilities in place at level of existing funding Replacement of downtown cultural facilities with larger performing arts centre, gallery, and library. Based on this report, funding for various initiatives was included in the 2017 capital budget with additional funds identified in the capital forecast. The chart to the right shows a summary of capital projects related to downtown area. Life to Date Approved Forecast Project ($ Millions) Budget Total Downtown Cultural Hub Phase Lakeshore Rd Bridge at 16 Mile Creek Harbours Master Plan Downtown Lakeshore - Reconstruction/Streetscape Towne Square Rehabilitation South East Community Centre Centennial Pool - Demolition Costs Centennial Plaza Rehabilitation Fire Station #3 - Demolition Oakville Centre - Repairs, Replacement OCPA - Replacement of Auditorium Sound Consoles Oakville Centre - Acoustic System Replacement Oakville Centre Lobby Expansion Total $ 15.2 $ 67.9 $

10 Capital Budget Overview and Financing Summary The following chart illustrates the ten-year capital plan and funding allocation for each category by year (millions). The distribution of Infrastructure Renewal (blue) is relatively equal through-out the 10 years with the annual budget averaging $48.5 million. The allocation for Growth (red) projects fluctuates over the forecast as projects have been aligned with anticipated development. In 2018, the growth budget is $38.4 million and increases to $68.0 million in 2019 and $86.8 million in 2020 as construction is planned for several roads projects such as the Burloak Drive Grade Separation. Funding for Strategic Initiatives (green) includes ongoing funding to support EAB Management, Khalsa Gate Streetscape and Web Based Services. The majority of Community Enhancement (orange) projects have been slated between the years 2018 and 2020 for the Trafalgar Park Revitalization and South East Community Centre initiatives. Funding for the Enterprise Initiatives (purple) is relatively consistent with seawall rehabilitation works planned in 2018 and

11 Capital Budget Overview and Financing Summary Capital Plan by Program While the previous sections have provided an overview of the capital plan by category, this section will focus on the plan by program area. Overall, the $1.25 billion in capital funding is allocated across the town s various programs and services based on maintenance needs, growth in the community and desired service enhancements as identified in various master plans. The following chart illustrates the ten-year capital plan for each program (millions). 11

12 Capital Budget Overview and Financing Summary Infrastructure Planning - $603.7 Million As shown in the chart above, 48.4% of the total ten-year capital program is allocated to Infrastructure Planning program which includes necessary work to maintain and expand the town s road network and active transportation with $603.7 million. The largest project over the forecast is the annual Road Resurfacing & Preservation program with $101.0 million. Also included are two significant road development projects, Kerr Street Widening and Grade Separation and the Burloak Grade Separation for a total of $105.8 million. Based on service delivery criteria, these two projects ranked the highest in terms of risk and mobility. Parks and Open Spaces $186.6 Million The second largest program is Parks and Open Spaces representing 15.0% of the total with $186.6 million. Capital works totaling $72.3 million have been included to maintain park infrastructure, trails, and the tree canopy. In addition, $71.4 million in funding for new community parks, village squares and trails has been planned for to maintain service levels as the town grows. Also included in this program is the Parks and Open Space share for North Operations Depot (Phase 2), at $9.2 million. Harbours and Cemetery projects account for $12.7 million. The largest project in this program is the EAB management project at $20.6 million. Recreation and Culture - $133.4 Million The third largest program is Recreation and Culture with a total of $133.4 million or 10.7%. The largest projects are the South East Community Centre at $44.6 million, Sixteen Mile Community Centre at $39.5 million, and Trafalgar Park Revitalization (year 2 funding) with $21.1 million. Expansion of the lobby at the Oakville Centre has been budgeted for 2020 and 2021 at $5.6 million. 12

13 Capital Budget Overview and Financing Summary Oakville Transit - $99.1 Million The fourth largest program is Oakville Transit with $99.1 million or 7.9% of the total, which is required primarily to replace and refurbish bus and specialized bus fleet at an estimated cost of $57.0 million. In addition, $27.1 million has been included to purchase additional fleet to expand service as recommended in the 2017 Development Charges Background Study to support growth across the town. Also included in the forecast is $7.4 million for a new terminal in the Palermo area. Infrastructure Maintenance - $55.2 Million The next largest program is Infrastructure Maintenance with $55.2 million or 4.4% of the total budget. The largest projects are Replacement of Roads and Works Equipment at $16.0 million, Roads and Works share for North Operations Depot (Phase 2) at $15.1 million and Traffic Signal Hardware and Controller Replacement at $9.3 million. Facilities and Construction Management - $55.0 Million Facilities and Construction Management with $55.0 million represents 4.4% of the total budget, and includes projects to maintain facilities across the town in a state of good repair. This program is responsible for the replacement and renewal of the structural and electrical components of the buildings such as HVAC, roofs, foundations and surrounding site work (drives and pathways). It also includes funding for minor repairs and maintenance for smaller facilities under 12,000 square feet such as fire stations as well as heritage buildings. 13

14 Capital Budget Overview and Financing Summary Emergency Services - $50.6 Million The ten-year capital forecast includes a total of $50.6 million or 4.1% required to maintain equipment and infrastructure as well as meet the growth needs of the town as set out in the 2016 Fire Master Plan. A new fire station in the Palermo area (Station 8) has been planned to be built in 2019 at $6.8 million, expansion of Station 4 is planned for 2020 at $7.3 million, and a new permanent Station 9 in 2025 at $8.9 million. In addition to new fire stations, $13.3 million has been budgeted over the 10 year to replace vehicles and equipment at the end of useful life. Capital Financing Resources Financing of the ten-year capital plan is comprised of various sources as there are several financing tools available to the town depending on the nature of the project. Development Charges are the primary source of funding for growth related projects. As development occurs in the town, revenue is collected from the developers to help pay for new infrastructure in order to maintain the town s service levels per capita. Capital Levy funding is primarily used to fund infrastructure renewal projects and various strategic priorities. The levy was put in place in 1996 and grows by 1% every year. It is also used to fund the town s share of growth projects for the 10% mandatory discount for soft services and any benefit to existing. Equipment Reserves are used to fund the various vehicle and equipment replacement across the town. Contributions from the operating budget into these reserves are managed in order to ensure future replacements are sustainable. 14

15 Capital Budget Overview and Financing Summary Capital Reserves are used to assist in the interim financing of the community enhancements and to supplement capital levy funding for the infrastructure renewal and strategic priorities as required. A portion of these reserves comes from the Local Infrastructure levy that was approved as a source of capital funding in It also includes the Building Maintenance reserve fund which is used exclusively to fund building repairs and maintenance. Reserve Funds are generally derived from program specific revenue sources and therefore are restricted to be used for those programs. Specific reserve funds in this group include the Parkland reserve fund, as well as the Parking and Harbour reserve funds. Gas Tax funding is used to support various environmental initiatives across the town. Provincial gas tax is dedicated to Transit and has been used primarily to support service expansion as the town grows. Federal gas tax typically is used for projects which promote cleaner air, water or reduce greenhouse gas emissions. Therefore, these funds are primarily used on road improvements, active transportation, transit and any green energy projects. External Revenues represents funding from outside sources where cost sharing arrangements have been anticipated. For example, some road projects would be cost shared with bordering municipalities or government agencies (Metrolinx, MTO). This category of financing would also include any grant contributions or subsidies. Debentures are generally used for specific initiatives and not used to support infrastructure renewal. 15

16 Capital Budget Overview and Financing Summary Capital Forecast Financing Overview As noted above, there are several sources utilized in financing the capital plan. The following chart illustrates the ten year capital plan financing by source (millions). The primary sources of funding for the $1.25 billion proposed for the capital plan is development charges at $428.0 million, 34%, followed by the Capital Levy at $332.3 million, 27%. The Capital reserve represents 11% at $138.8 million along with Building Maintenance and Equipment reserves at $141.5 million or 11%. Other significant funding sources are the gas tax reserve funds and external revenues. 16

17 Capital Budget Overview and Financing Summary Capital Levy - $332.3 Million One of the largest sources of financing is the capital levy representing 27% of total funding for the ten-year plan. The financing from the capital levy is primarily used to fund infrastructure renewal projects. As shown in the chart, 69% of the capital levy funding available is allocated to the Infrastructure Renewal category. This illustrates the reliance on the capital levy in ensuring the town s assets are maintained in a state of good repair. The annual 1% increase to the levy has also allowed all infrastructure renewal requirements to be fully funded without the use of debt financing. The capital levy is also an important source of financing for the Growth program as it is used to fund the town s share of growth projects for the mandatory discount on soft services and any benefit to existing as per the DC legislation. As shown in the chart, 20% of the total capital levy funding is allocated to growth. Finally, the capital levy is a primary source of funding used to fund the various strategic priorities which enable staff to meet Council s objectives. Of the total $49.8 million required over the ten-year plan for Strategic Priorities, 64% of the financing is funded from the capital levy. 17

18 Capital Budget Overview and Financing Summary Development Charges - $428.0 Million Development charges represent the largest funding source at 34% of the total financing. Development charges are the primary source of funding for growth projects and the timing of these projects has been updated through the 2017 DC Background Study and various master plan updates. Funding is heavily reliant on anticipated growth patterns and projected Development Charge (DC) collections. The total Growth capital budget totals $623.9 million of which 67% or $417.9 million is funded from development charges. External revenues make up a larger share of the Growth funding than traditionally, due to Federal/Provincial government contributions anticipated for the Kerr Street and Burloak Grade separations. Capital Reserves - $138.8 Million Capital reserves provide 11% of the total financing of the ten-year plan. Capital reserve funding has been closely monitored in order to ensure a 1:1 debt to reserve financing ratio or better is maintained over the forecast. The $138.8 million that has been budgeted has been used to support larger Community Enhancement projects such as the Trafalgar Park Revitalization and the South East Community Centre, along with infrastructure renewal projects such as the Lakeshore Road Bridge rehabilitation and the Downtown Lakeshore Road Reconstruction and Streetscape project. Capital reserves have also been used to support the Road Resurfacing and Preservation Program. Currently, it is policy that revenues from sale of land are deposited into the General Capital Reserve as this reserve has been used to finance several land purchases in recent years. Building Maintenance & Equipment Reserves - $141.5 Million Building Maintenance and Equipment reserves provide another integral source of funding for Infrastructure Renewal projects. These reserves are the primary source of funding for all town vehicle and equipment replacements and building repairs and maintenance. Therefore, it is important that these reserves are available to sustain future repairs and replacements. Combined funding from these reserve sources represents 11% of the total financing for the capital budget. Gas Tax Reserve Funds - $81.4 Million Gas Tax represents 7% of the total financing with $81.4 million. Gas Tax funding is used to support various environmental initiatives across the town. Provincial gas tax is dedicated to Transit and has been used primarily for additional fleet purchases and infrastructure required to support service expansion outlined in the 5 Year Transit Service review as the town grows. Federal gas tax is typically used for projects that meet the eligibility criteria and fall into specific categories as outlined in the agreement. In the forecast, Federal gas tax funding is primarily used for infrastructure renewal projects such as road improvements, shoreline remediation and new buses. 18

19 Capital Budget Overview and Financing Summary Financial Sustainability Financial sustainability is one of Council s strategic goals. A sustainable long-term financial plan ensures that the following objectives are met: Flexibility within the long-term Financial risk exposure is limited Long-term cost of financing is minimized Statutory requirements are met Credit agency criteria is considered It is through the long-term financial plan that future reserve fund requirements are determined, debt repayment levels are managed, reserve and reserve fund contributions are maintained and future operating budget expenditures are planned for. One of the principles that help guide decision making are the approved financial policies. In 2016, the Financial Control Policy and related Reserve/Reserve Fund Procedure, Annual Budget Policy and Corporate Debt Policy were updated to establish strong guiding principles to assist staff in making budget recommendations. A variety of financial indicators have been used to assess the sustainability of the capital financing plan. The next few pages will review some of these indicators. Debt Capacity As noted above, it is important that debt levels are managed at appropriate levels. A municipality has the ability to issue new debentures provided that the projected financial charges related to the outstanding debt will be within its annual debt repayment limit (ARL) as prescribed by the Ministry of Municipal Affairs and Housing (MMAH). The ministry sets this limit at 25% of a municipalities own source revenues, which for a municipality is comprised primarily of property taxes and user fees. It is important to note that development charges collections are not included in the calculation of own source revenues. The town has adopted its own debt policy to be as follows: Tax supported debt charges are not to exceed 6.25% of own source revenues Total debt charges are not to exceed 12% of own source revenues Development related debt charges do not exceed 25% of average development charge collections 19

20 Capital Budget Overview and Financing Summary The following chart illustrates that the ten-year capital financing plan is within the Council approved policy. As illustrated in the chart, the debt charges to town revenues ratio have peaked in The final debt payment for the Joshua Creek Arena has occurred in The final portion of debt issuance for the LED Streetlight Conversion program will be issued in The final payment for Sixteen Mile Sports Complex will occur in Overall, both Tax Supported debt and Total debt remain well within the 6.25% and 12% guidelines. 20

21 Capital Budget Overview and Financing Summary The following chart shows the total outstanding debt principle over the next ten years. As the final portion of debt is issued for the LED Streetlight Conversion program in 2018, the debt principle is expected remain fairly constant in the near term. As debt payments are made over the 10 Year Plan the outstanding debt is expected to reduce from $120 million in 2017 to $66 million in 2027 with the majority being related to the hospital as it is to be paid over a 30 year term. 21

22 Capital Budget Overview and Financing Summary Reserves and Reserve Funds Reserve and reserve fund balances must be maintained in order to maintain fiscal health, enable financial flexibility, minimize risk and ensure future infrastructure requirements are affordable. During the preparation of the 10 Year Plan careful attention is paid to the projected reserve balance levels. Reserves must be maintained at sufficient levels in order to: Ensure capital infrastructure repairs and replacements occur as required To provide a contingency for significant unanticipated expenditures beyond control To provide a funding source for new strategic initiatives and new major capital assets as they are identified Maintain sufficient outstanding debt to reserve balance ratios for credit rating Three of the main sources of reserve funding that is used to support the 10 Year Plan are the Capital reserves, Equipment Reserves and Building Maintenance reserves. Capital Reserves are anticipated to decline over the years to approximately $14.7 million as these reserves are being used to finance major initiatives such as the Trafalgar Park Revitalization, Lakeshore Road Bridge rehabilitation, and the South East Community Centre. Balances are expected to return to normal levels in subsequent years from anticipated sales of land. Equipment Reserves are expected to decline slowly over the next few years as contributions to the reserve from operating have been adjusted to reflect average 10 year requirements. Projected reserve balances in the prior forecast averaged 2.5 times more than the average capital requirements. This adjustment brings the average reserve balance in line with Government Finance Officers Association (GFOA) recommendations. Building Maintenance Reserve is expected to decline between 2018 and 2022 as significant building replacements and improvements have been planned and remains relatively stable thereafter. Part of the next steps in the town s Asset Management Plan is to look at service levels to help determine appropriate levels of funding for various asset types. Also, current policy is to budget increased transfers to reserve as new buildings are constructed. 22

23 Capital Budget Overview and Financing Summary Combined Capital Reserves Benchmark GFOA recommends that combined capital reserves should be equivalent to one year s worth of the average ten-year gross capital expenditure requirements (excluding DC funded projects). Based on the capital forecast the average gross expenditures is $60.8 million. The following chart illustrates the total combined capital reserves including equipment reserves and building maintenance reserve fund. The overall balance of the combined capital reserves (including Equipment reserve, Building Maintenance reserve and Non- Growth Capital Levy) is expected to decrease over the next few years from $117.3 million in 2017 to $64.9 million in This is a significant decrease; however, it is still above the GFOA recommendation. Although the combined capital reserves are expected to increase in future years due to anticipated land sales, future capital needs will be reassessed once the Asset Management Plan service levels are determined. 23

24 Capital Budget Overview and Financing Summary Development Charges Update As part of the capital financing plan, Development Charge (DC) revenue projections have been adjusted to reflect the population growth and housing estimates in the 2017 DC Background Study. As illustrated in the first chart, based on the DC study housing units were expected to spike in 2017 at 2,920 and then average at approximately 1,950 units per year between 2018 and The following years then drop to an average of 1,550 units. Based on the updated development charges schedule proposed in the draft DC by-law this would generate approximately $477 million in development charge revenue over the ten-year period. As a result of the increased building activity in 2017, the fully committed DC reserve fund balance has returned to a surplus position of approximately $14 million for With the revised DC revenue projections and proposed capital financing plan it is expected that the DC reserve funds will maintain a positive balance for the duration of the forecast. 24

25 Capital Budget Overview and Financing Summary Over the past several years the Region has upheld an AAA credit rating, of which the town s financial health is measured as well when determining this rating. This AAA rating allows debt to be issued at the lowest possible interest rate. One of the key factors that agencies look for when determining a municipalities credit rating is liquidity of which the outstanding debt to reserve ratio is a key indicator. Municipal debt rating agencies recommend the ratio be maintained at a 1:1 ratio or better. With the debt issuance for the town s contribution for the new Hospital, careful attention has been paid to reserve levels over the next few years to ensure the 1:1 ratio is not exceeded. Obligatory reserve funds (i.e. DC s, Gas Tax and Cash in Lieu of Parkland reserve funds) cannot be factored into this calculation. The following chart illustrates the projected outstanding debt to reserve ratio over the 10 year period. Debt to Reserve Ratio 25

26 Capital Budget Overview and Financing Summary Operating Requirements The following chart illustrates the estimated operating requirements for the next three year period. When considering the long-term financial forecast it is important to consider the impact the capital plan will have on the operating budget. The operating impacts include personnel required to operate new facilities, drive buses, staff fire stations, and support initiatives such as ServiceOakville as well as to maintain the increased road and park network. The operating impacts also include utility costs for new buildings, fuel for vehicles and equipment and contributions to reserves for the repair and replacement of new assets. It is town policy to phase in the contribution to the Building Replacement and Repair reserve over a five year period for all new or refurbished buildings and contribute to equipment replacement reserves over the life of the asset. The operating requirements over the next three years will have a direct impact on the tax levy requirements being considered in the Operating Budget and Business Plan. Operating Impacts by Program 2018 FTE CAO/Town Manager Service Oakville , Total CAO/Town Manager , Corporate Services Information Systems 641, ,400 60,000 Total Corporate Services - 641, ,400 60,000 Community Services Parks and Open Space , , ,800 Emergency Services 3,800 1,098,700 1,599,500 Recreation and Culture , , ,800 Oakville Public Library 0.9 8, , ,700 Infrastructure Maintenance (179,700) 846, ,900 Oakville Transit 43,000 1,449,100 1,049,700 Total Community Services ,800 4,408,300 5,111,400 Community Development Parking (3,800) (5,600) 13,300 Total Community Development - (3,800) (5,600) 13,300 Total Operating Impacts by Program ,500 4,522,100 5,184,700 26

27 Capital Budget Overview and Financing Summary The next chart illustrates the operating requirements of the 10 year capital plan. 27

28 Capital Budget Overview and Financing Summary The operating impacts over the ten year period are primarily driven by the need to operate and maintain new buses as well as to maintain new parks, roads, facilities and vehicles as a result of growth. In addition, another type of growth impacting the town is the increased reliance on technology. As more and more new systems and networks are added, costs to maintain this infrastructure are required. The following is a summary of the main drivers: The yellow section represents the largest impact over the ten years which is primarily for staff to operate new expansion buses and care-avan buses as well as transfers to reserves to maintain and replace the new buses. The pink section represents Recreation and Culture and has the second largest impact over the ten year forecast. South East Community Centre indicates that staffing and facility costs would be required in 2020 and In addition, the Trafalgar Park Revitalization project which includes Oakville Arena and a senior s centre will require additional facility costs and staffing in 2018 and 2019 due to the increased size of the new centre. Transfers to reserves to maintain the buildings are also included. The grey section represents the third largest impact over the ten years and shows the additional operating dollars required to service new roads, sidewalks, streetlights and traffic signals as new roads are assumed through the development process as well as requirements from growth enhancements to arterial roads as identified in the Infrastructure Planning capital program. The red section illustrates the need for additional fire fighters and operating costs in 2019 and 2020 to operate the new fire station #8 to be located in the Palermo area. In addition, increased transfers to reserves for building enhancements and new vehicles and equipment are incorporated. The green section represents Parks and Open Space and the funds required to service new park infrastructure as well as to maintain new parkland, sports fields, trails and boulevards as growth occurs in the town. The orange section is Oakville Public Library with operating impacts primarily related to staffing and operating costs for the North Park Temporary Branch Library in 2018 and 2019, Palermo Temporary Branch Library in 2020, and Sixteen Mile Library Branch in 2026 and Corporate Services is displayed as purple and is largely made up of Information Systems operating impacts primarily for software maintenance for various technology enhancements. 28

29 Infrastructure Renewal The total ten-year Infrastructure Renewal capital budget includes expenditures of $484.8 million and provides for on-going replacement of existing infrastructure at end of useful life based on annual condition assessments to ensure the town s infrastructure is maintained in a state of good repair. Of the $484.8 million, 41.3% or $200.2 million will be invested in the Infrastructure Planning program to improve the town s road network as illustrated in the following pie chart. Also, $69.9 million or 14.4% will be spent on maintenance and replacement of Parks infrastructure and $62.1 million or 12.8% on Transit infrastructure. The 2018 Infrastructure Renewal capital budget totals $41.5 million, of which a breakdown by program is provided below Infrastructure Renewal by Program ($ Millions) The largest 2018 capital project is the Road Resurfacing and Preservation Program at $9.6 million. 29

30 Infrastructure Renewal The largest value project in the Infrastructure Renewal forecast is the Road Resurfacing and Preservation Program at $101.0 million, with the second being Oakville Transit s Replacement Fleet and Refurbishment program at $55.4 million. Another significant project is the Downtown Lakeshore Reconstruction and Streetscape project at $9.2 million. The following table highlights some of the significant projects included in the Infrastructure Renewal budget over the ten year forecast. These projects represent 60% of the total capital forecast. 10 Year Project Highlights ($ Millions) Program Department - Project 2018 Total Forecast Primary Year/s Infrastructure Planning Road Resurfacing and Preservation Program $ 9.6 $ All 10 Oakville Transit Replacement and Refurbishment of Transit Fleet $ 3.3 $ 55.4 All 10 Infrastructure Maintenance/Parks Replacement Fleet and Equipment $ 3.2 $ 31.2 All 10 Emergency Services Fire Vehicle and Equipment Replacement $ 1.1 $ 13.3 All 10 Facilities and Construction Mgmt Town Hall Major Accommodation Needs $ 0.1 $ 11.5 Various Facilities and Construction Mgmt HVAC - Various Locations $ 1.3 $ 9.6 All 10 Infrastructure Planning Downtown Lakeshore - Reconstruction/Streetscape $ 0.1 $ Facilities and Construction Mgmt Roof Replacement - Various Locations $ 0.7 $ 9.0 All 10 Information Systems Hardware Evergreening $ 1.0 $ 8.3 All 10 Infrastructure Planning Storm Sewer - Allocation $ 0.0 $ Facilities and Construction Mgmt Sitework - Various Facilities (Drives) $ 0.3 $ 6.6 All 10 Infrastructure Planning Shoreline Remediation - Allocation $ 0.0 $ Parks and Open Space Playground Rehabilitation $ 0.3 $ 6.1 All 10 Recreation and Culture Oakville Centre Lobby Expansion $ 0.0 $ Infrastructure Planning Storm Sewer Maintenance & Replacement Program $ 0.4 $ 5.1 All 10 Infrastructure Planning Flooding Protection Program $ 0.2 $ 4.9 All 10 Total $ 21.6 $

31 Infrastructure Renewal The primary source of funding for the Infrastructure Renewal program is the capital levy representing 47% of the total funding. Equipment reserves and the Building Maintenance reserve represent 19% and 9% respectively, and are the main source of funding for vehicle and equipment replacements and facility repairs/replacements. The Capital Reserves represents 13% of the overall funding and have been used for major initiatives such as the Downtown Lakeshore Reconstruction and Streetscape and major facility refurbishments. Federal Gas Tax provides a significant source of funding for the Road Preservation and Flooding Protection programs while Provincial Gas Tax has been applied to Transit Fleet refurbishments. Parkland reserve funding has been applied to Park facility infrastructure projects such as playground and splash-pad rehabilitation. Infrastructure Renewal Funding Sources The Capital Levy was initiated by Council in 1996 and has provided a significant funding source for the capital program since; enabling on-going state of good repairs and replacements to occur on a timely basis. Overall, 69% of the total Capital Levy has been used to support Infrastructure Renewal. Federal and Provincial Gas Tax are sources of funding passed down from upper-tier governments. Federal Gas Tax is traditionally used to improve air and water quality or reduce energy consumption where Provincial Gas Tax is dedicated for Transit. The Parkland reserve fund is set up to collect cash-in-lieu of Parkland dedication payments from developers and is to be used for outdoor recreation purposes in accordance with the Planning Act. 31

32 Town of Oakville 2018 Capital Budget and 10 Year Financing Plan Total Infrastructure Renewal Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast CORPORATE INITIATIVES Strategic Asset Management Plan 195, , , , CRM Infrastructure Replacement 251, , ,000 Total CORPORATE INITIATIVES 446, , , , ,000 CORPORATE SERVICES Facilities and Construction Management Leased Properties - Repairs and Replacements 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25, , Building Structural Inspections - 53,000-26,000 53,000-26,000 53, , Town Hall Major Accomodation Needs 79,000 1,161, ,900 2,110,000 2,110,000 2,110,000 1,846,000 1,846,000 11,453, Council Chambers Renovation 1,860,000 10, ,870, HVAC - Various Locations 1,276,000 1,064, , , ,000 1,059,000 1,221, , ,000 1,501,000 9,560, Various Facility Accommodation Needs 264, , , , , , , , , ,000 2,640, Roof Replacement - Various Locations 693, , , , , ,000 1,000,000 1,222,000 1,178,000 1,380,000 8,985, Electrical Safety Authority Inspections 23,000 23,000 23,000 23,000 23,000 23,000 23,000 23,000 23,000 23, , Mechanical Commission 69,000 69,000 88,000 69,000 69,000 69,000 69,000 69,000 69,000 69, , Roofs - Minor Repairs 26,000 26,000 26,000 26,000 26,000 26,000 26,000 26,000 26,000 26, , Asbestos Monitoring and Remediation 118,000 55,000 23,000 23,000 23,000 23,000 23,000 23,000 23,000 23, , Facilities Emergency Repairs 106, , ,000 53,000 53,000 53,000 53,000 53,000 53,000 53, , Facility Repairs 214, , , , ,300 69,700 89,000 53,000 53,000 53,000 1,179, Sitework - Various Facilities (Drives) 335, , , , , , ,000 1,133, ,000 1,719,000 6,580, Heritage Building Maintenance and Repair 28,000 91,000 42,200 84,000 25,000 32,000 83,500 38,000 5,000 11, , Energy Management Large Buildings 504, ,000 70, ,004, Properties under 12,000 SF Maintenance and Repair 181, , , , , , , , , ,000 3,877, Electrical - Various Locations ,000 8, , ,000 69, , Town Hall - Repairs/Replacement (Mechanical) 5,000 94,000 15, , ,000-40, , ,000 49,000 1,058, Pine Glen Indoor Soccer Facility Repairs - 58,000-15, , , Architectural/Structural , ,500 36,000 50,000 13,000 21,000-32, , Townhall Card Access Controller Replacement 62,000 60, ,000 Total Facilities and Construction Management 5,868,200 5,255,600 3,031,000 2,999,000 3,690,200 5,691,200 5,920,500 7,129,800 5,941,100 7,507,000 53,033,600 Information Systems JD Edwards HR Enhancements 100, , CIS Enhancement - Workforce Management 45, , Electronic Agenda Management , , , Hardware Evergreening 955, , , , , , , , , ,000 8,342, HP to Aruba Wireless Migration 198, , Enterprise Storage Architecture and Retension 212, , Amanda Infrastructure Upgrade 75, , , Fiber Installation/Termination, Various Locations 354, , GIS System Enhancement 101, , , , , , , , , ,000 1,285, Systems and Networking Infrastructure 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50, , Corporate Information System (CIS) 276, , , , , , , , , ,000 1,410, Misc Sustainment for Corporate Applications 126, , , , , , , , , ,000 1,260, IS Strategic Plan 101, , , CIS Infrastructure Refresh 126, , , , , GIS Infrastructure Refresh , , , South Atrium Video System Replacement 126, , Microsoft Outlook Infrastructure Refresh 111, , , , Firewall Infrastructure Refresh - 251, , , Sharepoint Infrastructure Refresh - 251, , , Storage Area Network Refresh - 176,000 75, ,000 75, , Library ILS Infrastructure Refresh , , , Transit ITS Server and System Infrastructure , , ,000 Total Information Systems 2,957,400 2,091,000 2,223,000 1,388,000 1,433,000 1,363,000 2,242,000 2,157,000 1,207,000 1,388,000 18,449,400 Total CORPORATE SERVICES 8,825,600 7,346,600 5,254,000 4,387,000 5,123,200 7,054,200 8,162,500 9,286,800 7,148,100 8,895,000 71,483,000 32

33 Town of Oakville 2018 Capital Budget and 10 Year Financing Plan Infrastructure Renewal Total Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast COMMUNITY SERVICES Parks and Open Space Parks Facilities Repairs 214, , , , , , , , , ,300 2,563, Splash Pad Rehabilitation , , , ,274, Wallace Park - Washroom Expansion/Renova - 52, , , Old Abbey Park - Phase Two - 416, , Picnic Shelters and Bandshells 218, , , ,000 52, , , ,000 1,164, Sports Field Rehabilitation 364, , , , , , , , , ,000 4,264, Stairs, Bridges and Trails - 936, , , , , , , , ,000 3,911, Tennis and Basketball Court 26,000 94,000 52,000 68, , ,000 26, ,000 90,000 1,277, Electrical Lighting Rehab 57, , ,000 57,000 57,000 57,000 99, ,000 57, , , Parking Lot and Driveway - Parks Facilities - 1,118, , , ,000 78, , ,626, Replacement of In-Ground Waste Containers 78,000 78,000 78,000 78,000 78,000 78,000 78,000 78,000 78,000 78, , Coronation Park Overhead Trellis 50, , Playground Rehabilitation 276, , , , ,000 1,201, , , , ,000 6,114, Skateboard Park Rehab - 52, , , , Gairloch Gardens Rehabilitation - 260, , Sports Field Irrigation - 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50, , Backstops and Fencing 94, , ,000 26,000 78,000 99,000 26, , , Towne Square Rehabilitation - 1,404, ,404, Greenhouse Rehabilitation - 176, ,000 12,000-6, , B.A. Field - artificial turf replacement - 884, , North Park - artificial turf replacement , , Centennial Plaza Rehabilitation , , , Cul-de-sac Rehabilitation 151, , , , , , , , , ,000 2,817, Pathway Rehabilitation 234, , , , , , , , , ,000 2,834, Asphalt Pathway Rehabilitation 322, , , , , , , , , ,000 2,844, Parks Replacement Equipment 1,283,100 2,038,000 1,232,000 1,956,000 2,200,000 1,987,900 1,110,000 1,376,000 1,000,000 1,003,000 15,186, Parks Structure Inspections - 55,000-60,000 30,000 60,000-65,000-95, , Urban Forest Strategic Management Plan (UFSMP) , , Street Tree Planting 452, , , , , , , , , ,000 4,520, Woodlot Preventative Maintenance 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75, , Invasive Species Monitoring 133, , , , , , , , , ,000 1,330, Woodlot Preventative Maintenance-North Oakville 32,000 63,000 94, , , , , , , ,000 1,627, Parks Tree Planting 257, , , , , , , , , ,000 2,894, I-Tree , , , Preventative Maintenance Pruning , , , , , , , ,000 2,416,000 Total Parks and Open Space 4,316,100 10,959,000 7,226,000 6,824,000 8,412,000 6,811,900 6,052,000 7,565,000 6,006,000 5,752,300 69,924,300 Emergency Services Portable Radio Equipment 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25, , Protective Clothing Replacement 101, , , , , , , , , ,000 1,460, Fire Training Facility 181, , , , , , , , , ,000 1,810, Specialized Equipment Replacement 151, , , , , , , , , ,000 1,510, Fire Station Facility Maintenance 26,000 56,000 50,000 53,000 58,000 82,000 63,000 61,000 60,000 35, , Furniture and Equipment Replacement 41,500 49,000 67,000 54,000 35,000 74,000 52,000 39,000 22,000 10, , Fire Vehicle and Equipment Replacement 1,133, ,000 1,610,000 2,607,000 91,000 1,876,000 1,996,000 15,000 2,480,000 1,257,000 13,316, Alternate EOC 25,000-5,000-5,000-5,000-5,000-45, Fire Dispatch Centre Equipment Replacement 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50, , Specialized Equipment - New 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25, , Appleby Dispatch CAD system upgrade - 1,005, ,005, SCBA Equipment Testing and Replacement , ,000 Total Emergency Services 1,758,500 1,944,000 2,315,000 3,969, ,000 2,615,000 2,699, ,000 3,150,000 1,885,000 21,805,500 33

34 Town of Oakville 2018 Capital Budget and 10 Year Financing Plan Total Infrastructure Renewal Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Recreation and Culture South Arenas Interiors - - 8,700 10,000 79,000-12,600 86, , Ice Resurfacer Replacement - 101, , , , , , , , ,000 1,012, Southern Arena's - Repair, Replacement 35, ,000 43,000 5,000 65,000 13, ,000 72,000 75,000 5, , Kinoak Arena - Concrete, Dasher Boards, Doors ,523, ,523, Stand Alone pools - Furniture 25,000 71, , Outdoor Pools - Repairs, Replacement 126,200 10,000 30, , ,000 15,000 23, ,000 6,000 41, , Stand Alone pools - Repairs, Replacement 16,000 61,000 37,000 5,000 25,000 24,000 71,000 5,000 8,000 19, , White Oaks - Tile Pool Tank , , Stand Alone Pool Interiors 30, , , Outdoor Pool Interiors , , Youth Centres - Furniture and Equipment - 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 45, Recreation Planning Studies 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75, , Senior's Centre - Repairs, Replacement 13,300 23, ,200 10, , , Senior's Centre - Furniture, Equipment Rplcmnt ,000-25,000 3,000 5,000 6,000-59, Senior Centre Interiors - 41,000 60, , Overall Fitness Review - 65, , River Oaks - Furniture/Equipment Replacement 77,000 5,000 25,000 5,000 18,000 25,000 5,000 25,000 60,000 13, , River Oaks - Repairs, Replacement 501,000 70,000 22,000 10,000 10,000 18,000 30,000 20,000 25,000 55, , River Oaks - Replace Slab A Ice Rink 50, ,479, ,529, RO Squash & Raquetball Courts Review 25, , River Oaks Interior Renovations - 190,000 64, ,000 36, , River Oaks - Community Room C , , River Oaks - Squash Courts , , River Oaks - Raquetball Courts , , Iroquois Ridge - Repairs and Replacement 10, ,000 58,000 37,000 10,000 10,000 17,000 48, ,000 10, , Iroquois Ridge - Program Storage Area Expansion 511, , Iroquois Ridge - Fitness Equipment Replacement 14,000 15,000 18,000 5,000 12,000 11,000 12,000 30,000 34,000 17, , Iroquois Ridge Minor Interior Renovations , , Glen Abbey - Repairs, Replacement 123, ,000 80, ,000 10,000 44,000 19,000 69, ,000 35, , Glen Abbey - Water Slide Structural Review and Replacement 101, , Glen Abbey - Furniture/Equipment Replacement 85,000 23,000 45,000 24,000 24,000 21,000 12,000 16,000 15,000 10, , Glen Abbey - Blue Rink Concrete, Dasher Boards, Glass - - 1,609, ,609, QEPCCC Facility Enhancements - 73, ,000 50,000-15, , QEPCCC Facility Repairs and Replacements 107, ,000 87,000 83,000 70,500 39,000 26,000 38, , , , QEPCCC - Furniture and Equipment 5,000 5,000 5,000 5,000 38,000 5,000 79,000 18,000 5,000 15, , Joshua's Creek Arena Repairs and Maintenance 15, ,000 90, ,000 15,000 82, ,000 76,000 21,000 36,000 1,040, Mile Repairs and Maintenance 27,000 72, ,500 55,000 30,000 30,000 10, ,000 10,000 10, , Mile Marquee Sign 141, , Mile - Replace Rubberized Rink Skate Flooring , , Oakville Centre - Repairs, Replacement 108,000 5, , , ,000 5,000 43,000 5,000 56, ,000 1,398, OCPA - Replacement of Auditorium Sound Consoles - 196, , Oakville Centre - Acoustic System Replacement - 452, , Oakville Centre Lobby Expansion - - 1,212,000 4,369, ,581, Museum - Repairs and Maintenance 26,000 5,000 11,000 5,000 5,000 7,000 5,000 6,000 5,000 7,000 82, Museum - Coach House Study & Reno ,667, ,667,000 Total Recreation and Culture 2,247,000 2,413,800 5,146,800 10,285,300 1,165, , ,600 1,228,800 1,112,000 1,031,000 26,304,200 Oakville Public Library Libraries Capital Replacement , ,000 20,000 1,200 89, Library Furniture and Equipment 52,000 54,000 56,000 59,000 62,000 65,000 68,000 71,000 75,000 79, , White Oaks Library Renovation 688, ,000 Total Oakville Public Library 740,000 54,000 80,000 59,000 62,000 65,000 68, ,000 95,000 80,200 1,418,200 34

35 Town of Oakville 2018 Capital Budget and 10 Year Financing Plan Total Infrastructure Renewal Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Oakville Galleries Galleries Collection 12,000-12,000-12,000-12,000-12,000-60, Galleries Equipment 5,000-5,000-5,000-5,000-5,000-25,000 Total Oakville Galleries 17,000-17,000-17,000-17,000-17,000-85,000 Infrastructure Maintenance Central Ops - Furniture Replacement 20,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10, , Central Operations Depot Capital Replacement 75, ,000 65,000 17,000 18,000 12, , ,000 54,000 1,186, North Ops Capital Replacements ,000-4, , Sludge Decant Pit - Central Ops 226, , Roads and Works Replacement Equipment 1,947,100 1,609,000 1,774,000 1,826,000 2,542, , ,000 1,329,000 2,205,000 1,156,000 16,028, Radio System Replacement & Integrated AVL 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50, , Hoist Replacements - Central Ops 151, , , , , Major Traffic Signal Repairs 45,000 45,000 45,000 50,000 50,000 52,500 52,500 54,000 54,000 56, , Traffic Signal Interconnect 60,000 60,000 60,000 65,000 65,000 67,000 67,000 69,000 69,000 75, , Traffic Signal Hardware Replacement 377, , , , , , , , , ,000 4,670, Traffic Signal Controller Replacement 402, , , , , , , , , ,000 4,620, Streetlight Rehabilitation 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50, , BIA Streetlight Pole Rehabilitation 30, , , , ,000 Total Infrastructure Maintenance 3,433,100 2,603,000 3,037,000 3,055,000 3,839,000 1,863,500 2,713,500 3,055,000 3,834,000 2,645,000 30,078,100 Oakville Transit Replacement Shelters ,000 54, ,000 54,000 89, , , , Transit Facility Equipment Replacement 72, , , ,000 25, ,000 81, , ,000 1,078,000 2,538, Transit Facility Capital Repairs and Replacement 47,000 35,000 44,000 35,000 35,000 35,000 35,000 66,000 35,000 35, , Oakville GO Station Modifications , , , ,357, Major Vehicle Refurbishment - 1,146,000 1,719,000 1,146,000 1,146,000 1,719,000 1,910,000 2,100,000 1,910,000 1,910,000 14,706, Replacement Buses 2,724,000 3,268,000 3,765,000 3,729,000 4,794,000 4,794,000 3,196,000 4,794,000 4,040,000-35,104, Maintenance Vehicle and Equipment Replacement 60,000 60,000 60, ,000 60,000 60, , Specialized Vehicle Replacement 452, , ,000 1,347, , , ,000 4,954, Supervisory Vehicle Replacement 85, ,000 61, , , Presto Equipment Replacement - 1,508, ,508, Security Cameras 25,000 25, ,000 Total Oakville Transit 3,465,000 6,224,000 6,459,000 6,137,000 7,965,000 8,538,000 5,311,000 7,900,000 6,369,000 3,761,000 62,129,000 Total COMMUNITY SERVICES 15,976,700 24,197,800 24,280,800 30,329,300 22,232,500 20,620,800 17,807,100 20,561,800 20,583,000 15,154, ,744,300 COMMUNITY DEVELOPMENT Infrastructure Planning Engineering and Construction Cap. Repl. 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25, , Downtown Lakeshore - Reconstruction/Streetscape 130,000 4,517,000 4,517, ,164, Invicta Drive - North Service Rd to North Limit - 1,535, ,535, Bridge Road - Third Line to Sherin Drive 70,000 1,209, ,279, Mary Street - Margaret to Maurice Drive , , , Chisholm Street - Rebecca St. to Bond St , , , Bond Street - Kerr to Queen Mary Drive , , , Devon Road - Morrison Rd to Wedgewood Dr ,000 2,422, ,809, Morrison Rd - Cynthia Lane to Devon Road ,000 1,808, ,095, Elmhurst Ave - Maple Grove to Eastcourt Rd ,000 1,134,000-1,316, Morrison Rd - Devon Rd to Lakeshore Rd ,000 2,971, ,483, Reynolds Street - Cornwall Rd to Spruce St , , , Road Safety Program 51,000 51,000 51,000 51,000 51,000 51,000 51,000 51,000 51,000 51, , Fences and Noise Wall Maintenance & Rehabilitation 198, , , , , , , , , ,000 4,660, Road Resurfacing and Preservation Program 9,643,000 10,150,000 10,150,000 10,150,000 10,150,000 10,150,000 10,150,000 10,150,000 10,150,000 10,150, ,993, AT Facility Rehabilitation 295, , , , , , , , , ,000 2,950, Infrastructure Assessment and Engineering Studies 102, , , , , ,000 35

36 Town of Oakville 2018 Capital Budget and 10 Year Financing Plan Total Infrastructure Renewal Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Brookmill Rd Bridge at Joshuas Creek 254, , Warminster Dr Bridge at 14 Mile Creek 102,000 1,421, ,523, Bridge Rd at 14 Mile Creek Bridge 203, , Biannual Structure Inspection - 203,000-81, ,000-81, , , Bridge Permitting Allocation 49,000 76,000 61,000 65, , , , , ,000-1,608, Bridge & Culvert Minor Rehabilitations - Various Location 345, , , , , , , , , ,000 3,450, SSR at Joshua Creek Bridge Rehabilitation 51, , , Bridge Rehabilitation - Allocation , , , , ,000 2,790, Culvert Replacement/Rehabilitation - Allocation , , , ,000 2,232, Morrison Creek West Reach , , Vista Promenade - Shoreline Protection - 1,688, ,688, Holyrood Promenade - 433, , Arkendo Park- Shoreline Protection - - 1,828, ,828, Morrison Creek East- Reaches 39 to 45 - Creek Erosion - - 1,583,000 1,055, ,638, Flooding Protection Program 158, , , , , , , , , ,000 4,910, McCraney Creek, Reach 21 - Creek Erosion - 422, , Storm Pond - Capital Maintenance 528, , , , , , , , , ,000 4,223, Outfall Major Maintenance 37,000 37,000 37,000 37,000 37,000 37,000 37,000 37,000 37,000 37, , Shelburne Promenade at Sheldon Creek 2,216, ,216, Glen Oak Creek, Reach 32a - Creek Erosion 158, , , Major Slope Inspection/Monitoring/Design 150, , , , , Shoreline Remediation - Allocation , , , , , , ,000 5,908, Creek & Channel Inspections - 132, , , Fourteen Mile Creek, Reach 5 - Creek Erosion ,000-1,899, ,110, Shoreline Assessment , , , Munn's Creek, Reaches Creek Erosion ,000 1,187,000 1,187, ,638, Erosion Control - Allocation , , ,000 1,055,000 1,055,000 1,055,000 4,431, Storm Sewer Maintenance & Replacement Program 353, , , , , , , , , ,000 5,139, Brant Street/Kerr Street Sewer , , , Tansley Drive/Seabourne Sewer , , , Tweedsdale/Lakeshore Sewer , , , Storm Sewer Inspection 132, , ,000 53,000 53,000 53,000 53,000 53,000 53,000 53, , Woodhaven Park Drive Sewer 112,000 1,741, ,853, Coral Terrace/Birchview Drive Sewer - 63, , , Storm Sewer - Allocation , , , , , , , ,000 6,650, Traffic Studies and Monitoring 53,000 53,000 53,000 53,000 53,000 53,000 53,000 53,000 53,000 53, , PXO Conversion Program 74, ,000 Total Infrastructure Planning 16,086,000 26,979,000 22,435,000 17,004,000 20,507,000 18,461,000 21,063,000 20,930,000 19,406,000 17,371, ,242,000 Planning Services Heritage Planning Studies 201,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25, ,000 Total Planning Services 201,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25, ,000 Total COMMUNITY DEVELOPMENT 16,287,000 27,004,000 22,460,000 17,029,000 20,532,000 18,486,000 21,088,000 20,955,000 19,431,000 17,396, ,668,000 GRAND TOTAL 41,535,300 58,693,400 52,139,800 51,896,300 47,887,700 46,161,000 47,057,600 50,803,600 47,162,100 41,445, ,782,300 36

37 Growth The total ten-year Growth capital budget includes expenditures of $623.9 million. The following pie chart illustrates the total Growth budget by program with Infrastructure Planning representing the largest program at $388.8 million or 62%, which provide required road network improvements to service growth. The second largest program is Parks and Open Space at 12% with $74.2 million in new neighbourhood parks, parkettes and trails. A total of $40.5 million has been included in the forecast for Recreation and Culture which includes the expansion to Sixteen Mile Community Centre. The 2018 Growth capital budget totals $38.4 million, of which a breakdown by program is provided below Growth by Program ($ Millions) The largest growth projects in 2018 are the road reconstruction and widenings of Speers Road from 3 rd Line to 4 th Line at $7.1 million and of 6 th Line north of Dundas Street at $4.9 million. Also included in 2018 is $2.5 million to add a temporary Library branch in North Park, and $2.5 million for the construction of Neighbourhood Park 4. 37

38 Growth The following table highlights some of the significant Growth projects within the ten-year forecast. The largest value project is $54 million for the construction of the new road/rail grade separation at Burloak Drive, within the Infrastructure Planning program. Other notable projects include the Kerr Street widening and grade separation, Sixteen Mile Community Centre and Library, new Transit buses and Active Transportation projects, and Phase 2 of the North Operations Depot. Also, Neighbourhood Parks have been planned in the forecast along with expansion to the Natural Heritage System (NHS) Trail network. 10 Year Project Highlights ($ Millions) Program Department - Project 2018 Total Primary Year/s Infrastructure Planning Burloak Dr Grade Sep - Harvester to PW D $ 0.0 $ Infrastructure Planning Kerr St Widening and Grade Separation $ 4.6 $ Recreation and Culture Sixteen Mile Community Centre $ 0.0 $ Oakville Transit / Expansion Buses and Specialized Buses $ 0.3 $ 27.1 All 10 Infra. Maintenance/Parks / North Operations Depot Phase 2 $ 0.0 $ Infrastructure Planning Traffic Management - Intersections $ 0.5 $ 20.4 All 10 Infrastructure Planning ATMP Cycle lanes, Pathways etc. $ 0.4 $ 20.1 All 10 Infrastructure Planning Sixth Line - Phase 2 $ 0.0 $ Infrastructure Planning South Service Road - 3rd Line to 4th Line $ 0.0 $ Infrastructure Planning RWD Widening-Future WB Off Ramp to Ford Plant $ 0.0 $ Oakville Public Library / New Library - Sixteen Mile CC & Collection $ 0.0 $ Infrastructure Planning RWD Extension - Future WB Off Ramp to 8th Line $ 0.0 $ Infrastructure Planning Wyecroft Road - 3rd Line to Bronte Road $ 0.0 $ Parks and Open Space NHS Trails $ 0.8 $ Infrastructure Planning Sixth Line - Phase 3 $ 0.0 $ Infrastructure Planning Pedestrian Overpasses $ 0.0 $ Infrastructure Planning Lakeshore Road West - Dorval Dr to Fourth Line $ 0.7 $ Infrastructure Planning Lakeshore Road West - Fourth Line to Sandwell $ 0.0 $ Infra. Maintenance/Parks Roads and Works and Parks Growth Vehicles and Equipment $ 1.0 $ Parks and Open Space North Park Sports Park - South Parcel $ 0.3 $ Emergency Services Fire Station #9 $ 0.0 $ Total $ 8.6 $

39 Growth Funding for the Growth Capital budget is primarily from Development Charges representing 67% of the total funding. External revenues make up a larger share of the funding than traditionally as the Federal/Provincial government will provide funding for the Burloak Grade Separation, and there is anticipated funding from Metrolinx and the Ministry of Transportation (MTO) for a number of significant roads projects in the forecast. This explains why the Development Charges portion is less than usual. Growth Funding Sources Development Charges are collected at the time of Building Permit issuance and are put in reserve funds until expenditures are incurred to build the required growth projects set out in the town s development charges study. Based on legislation, the town is responsible for a 10 % mandatory share of growth projects for soft services such as Parks, Recreation and Libraries. Also, many Road improvements are deemed to have a benefit to existing residents which reduces the DC eligible portion. Cost Sharing for Road projects that border other Municipalities or Ministry Infrastructure is included. 39

40 Town of Oakville 2018 Capital Budget and 10 Year Financing Plan Total Growth Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast CORPORATE INITIATIVES Development Charges Study , , ,000 Total CORPORATE INITIATIVES , , ,000 CORPORATE SERVICES Information Systems Hardware for New Facilities - 95,000 84, , ,000 82, ,000 Total Information Systems - 95,000 84, , ,000 82, ,000 Total CORPORATE SERVICES - 95,000 84, , ,000 82, ,000 COMMUNITY SERVICES Parks and Open Space NHS - Trail - 870, , , , , , , ,000-5,024, South Shell Waterfront Park Phase 3 593, , NP4 - Shieldbay 2,500, , ,006, Park Signs - New Growth - 15,000-15,000-15,000-15,000-15,000 75, Fitzsimmons Trail , , , Uptown Core -Memorial Park Special Project - 439,000 1,640, ,079, Winston Park West Trail Development , , Edgemere Waterfront Trail 477, , Shieldbay Village Square 1 541, , Minto NHS Trails 369, , Staroak Village Square - 506, , Phase 2 Palermo Park - 400,000 2,500, , ,700, Green Ginger NHS Trail - 364, , Sixth Line NHS Trails - 265, , North Oakville - Neighbourhood Park ,000 2,896, ,218, St. Ann's Park (Hixon) - 520, , StarOak NHS Trails - 250, , Lisonally-Westdale Promenade , , , Shorewood Promenade - West - 45, , , Graydon Banning Village Square , , Trafalgar Works Site , , West Oakville Sports Park Phase , , Preserve Phase 3 Village Square 503, , East 14 Mile Creek Trail , , NHS Trail - North Oakville - West , , , , , ,175, Preserve Phase 3 NHS Trails 425, , , Bronte Green (Merton) Neighbourhood Park ,000 1,880, ,080, Bronte Green (Merton) Vill.Sq , , Bronte Green (Merton) NHS Trails ,000 1,647, ,722, Graydon Banning Village Square , , Emgo NHS Trails , , Bronte Green (Merton) Vill.Sq , , Dunoak Village Square , , North Park Sports Park - South Parcel 300, ,000-3,400,000 2,500,000 2,681, ,131, Dunoak NHS Trail , , North Operations Depot Phase 2 - Parks ,124, ,000-1,055,000 3,552,100 9,239, Bressa Village Square , , Emgo Village Square , , Neighbourhood Park 9 (Emgo/Crystal) ,000 2,400,000-2,900,000 40

41 Town of Oakville 2018 Capital Budget and 10 Year Financing Plan Total Growth Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Neighbourhood Park ,000 2,000, , ,700, Green Ginger East Village Square , , North Park Sports Park - North Parcel , , Lands north of 407 parcel ,562,400-4,562, Joshua Meadows Community Park ,000 3,779,300-4,029, Parks Growth Vehicles and Equipment 636, ,000 1,030, , , , , , ,000 84,000 4,852,500 Total Parks and Open Space 6,666,500 7,781,000 7,261,500 5,425,000 9,841,000 9,313,900 7,547,000 3,417,000 13,345,700 3,651,100 74,249,700 Emergency Services Fire Station No.9 - Land 2,710, ,710, Fire Station #8 2,028,900 4,792, ,821, Station # 4 Expansion 500,000 1,365,000 5,461, ,326, Fire Master Plan , , , New Vehicles for Fire Prevention ,000-40, , , Fire Station # ,029,000 6,845, ,874,500 Total Emergency Services 5,239,300 6,157,700 5,641,100-40,000-2,029,000 6,985, ,092,600 Recreation and Culture New Youth Centre - 152, , , Master Plan Update , , , Sixteen Mile Community Centre ,988,100 50,000 1,289,000 12,482,000 18,723,600-39,532,700 Total Recreation and Culture - 152, ,000-6,988,100 50,000 1,289,000 12,682,000 18,723,600-40,502,700 Oakville Public Library North Temporary Branch Library (North Park) 1,793, ,793, North Temporary Branch Collection (North Park) 710, , QEPCCC Incubator Library Expansion 60, , New Branch Library - Trafalgar Corridor North (Land Purc 2,600, ,600, Incubator Libraries (Location TBD) 120, , Library Master Plan Update , , , Palermo Temporary Branch Library (incl Collections) - 3,500, ,500, New Branch Library - Palermo (Land Purchase) - - 4,005, ,005, New Branch Library - Sixteen Mile CC ,747,000-1,510,900 3,282,000 4,924,200-11,464, New Branch Library-Sixteen Mile CC Collection ,032,000-2,032,000 Total Oakville Public Library 5,283,000 3,500,000 4,055,000-1,747,000-1,510,900 3,332,000 6,956,200-26,384,100 Infrastructure Maintenance Central Operations Land Expansion/Improvements 300, , North Operations Depot Phase 2B - Roads and Works ,128, ,900-1,072,900 6,394,900 15,102, Central Operations Expansion/Renovation ,014,900 1,014, North Snow Disposal Site ,000,000 2,000,000 4,000, Roads and Works Growth Equipment 388, , , , , , , , , ,900 4,676,500 Total Infrastructure Maintenance 688, , , , ,000 7,807, , ,000 3,405,800 9,852,700 25,094,300 Oakville Transit New Shelters ,100 80,000 80,000 80,000 80,000 80,000 80, , North Oakville Transit Centres , , , , Transit Park and Ride Facilities , , , , , Palermo Terminal 50,000 5,300, ,000 1,150, ,440, Transit - 10 year forecast & 5 Year Plan - 200, , , Expansion Buses - 40 Ft - 1,785,600 1,190,400 1,785,600 2,380,800 2,380,800 3,571,200 3,571,200 4,166,400 3,571,200 24,403, Specialized Vehicle Expansion 266, , , , , , , , , ,000 2,660, Supervisor Vehicle Expansion , ,100 Total Oakville Transit 316,000 7,551,600 2,768,400 3,390,500 3,053,700 2,726,800 4,569,200 3,917,200 4,512,400 3,837,200 36,643,000 Total COMMUNITY SERVICES 18,192,800 25,530,300 20,726,900 9,519,500 22,187,800 19,897,800 17,804,900 30,821,700 46,943,700 17,341, ,966,400 41

42 Town of Oakville 2018 Capital Budget and 10 Year Financing Plan Total Growth Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast COMMUNITY DEVELOPMENT Infrastructure Planning Transportation Master Plan Updates - 552, , ,105, Transportation Policy Review 100, , Goods Movement Study , , , Transportation Implementation Plan and Monitoring , , ,000 Study Traffic Impact Assessment Guidelines Update , , Travel Demand Management Studies , , Kerr St Widening and Grade Separation (Speers to NSR- 4,600, ,155,000 20,032,000 20,032, ,819,000 N of QEW) th Line - Phase 1 4,900, ,900, Speers Rd - GO Station W of 3rd Line to 4th Line 7,084, ,084, North Service Road (1km East of Invicta to 8th Line) - 6,562, ,562, Iroquois Shore (Eighth Line to Trafalgar Road) ,400,000 4,430, ,830, Cross Avenue - Argus to South Service Road ,000 5,860,000-6,360, Lakeshore Road West - East St to Third Line , ,000 4,332, ,019, Wyecroft Rd - East of Fourth Line to Weller - 380,000 1,463,000 5,660, ,503, RWD Extension - Future WB Off Ramp to 8th Line ,500,000 5,623,000 5,623,500-12,746, RWD Widening - Future WB Off Ramp to Ford Plant ,500,000 6,405,000 6,405,000-14,310,000 (incl QEW structure) RWD at SSR Intersection Improvements , , , RWD/QEW Off Ramp - QEW to SSR Connection at Ford ,000,000 2,786,000 2,786,000-6,572,000 Plant Traffic Management - Intersections 529,100 2,206,000 2,206,000 2,206,000 2,206,000 2,206,000 2,206,000 2,206,000 2,206,000 2,206,000 20,383, Burloak Dr Grade Sep - Harvester to PW D - 27,000,000 27,000, ,000, Speers Road - Fourth Line to Dorval Drive 1,059,000-4,822, ,881, Speers - East of Dorval Dr to Kerr St - 139,900 1,110,000 2,139, ,388, Signal Optimization Program 184, , , , , , , , , ,900 2,007, Speers Road - Procor to 3rd Line - - 3,004, ,004, Lakeshore Road West - Third to Sandwell Drive - 455, ,000 7,155, ,209, QEW Eastbound On Ramp at RWD Interchange ,000 1,997,000 1,996,000-4,293, QEW Westbound Off Ramp at RWD Interchange ,000 2,394,000 2,394,000-5,088, Pedestrian Overpasses ,624, , ,000 11,524, Lakeshore Road West - Fourth Line to Sandwell , ,000 9,484, ,372, North Service Road - 3rd Line to 4th Line , , ,000 7,130, ,927, Wyecroft Rd - Sinclair Rd to Kerr St ,000 3,575, ,799, South Service Road - 3rd Line to 4th Line , ,000 3,491,000-10,559, ,864, Chartwell Road - 1 from South Service Rd , , ,000 4,043, ,399, Lakeshore Road West - Dorval Dr to Fourth Line 727, ,000 10,317, ,508, Sixth Line - Phase ,874, ,874, Lower Base Line (excluding valley section) ,000 1,521,000 6,998, ,872, Wyecroft Road - 3rd Line to Bronte Road ,000 2,975,000 9,170,000-12,687, Sixth Line - Phase ,004,000 12,004, Active Transportation Initiatives 153, , , , , , , , , ,000 4,505, ATMP Cycle lanes, Pathways etc. 407,000 2,190,000 2,190,000 2,190,000 2,190,000 2,190,000 2,190,000 2,190,000 2,190,000 2,190,000 20,117, Active Transportation Studies - 100, , , , , , , , , , Environmental Studies and Monitoring 40,000-40,000-40,000-40,000-40, , Traffic Signal Construction Program 200, , , , , , , , , ,000 6,680,000 Total Infrastructure Planning 19,984,000 41,630,800 65,618,900 46,060,100 25,609,900 46,585,900 37,231,800 47,047,100 40,983,400 18,074, ,826,800 42

43 Town of Oakville 2018 Capital Budget and 10 Year Financing Plan Total Growth Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Parking Kerr Village Lot 69, , Downtown Oakville Lot - 77, , Parking Demand Study-North Oakville and Uptown - 200, , , Town wide Parking Strategy - 200, , Parking Demand Study , , , Mid-town Parking , , Downtown Parking Facility ,500, ,500, On Street Paid Parking Program-Expansion ,000 45,000 45,000 45, , Expansion to Parking Fleet (Enforcement) , ,000 Total Parking 69, ,000 77, ,000 45, ,000 1,650, ,000-2,973,000 Planning Services Official Plan/ Prov. Conformity Review 51, , , , , , , Urban Design Guidelines 100, , , , Zoning Review - 100, , , , , , Special Planning Projects/Studies 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50, ,000 Total Planning Services 201, , , , , , ,000 50, , ,000 1,951,000 Total COMMUNITY DEVELOPMENT 20,254,000 42,357,800 65,945,900 46,485,100 25,904,900 47,185,900 39,031,800 47,097,100 41,263,400 18,224, ,750,800 GRAND TOTAL 38,446,800 67,983,100 86,756,800 56,254,600 48,342,700 67,083,700 56,836,700 77,998,800 88,546,100 35,647, ,897,200 43

44 Strategic Priorities This category includes projects that have been initiated by staff in order to achieve the goals set out in Council s strategic plan that are not driven by growth or asset related. The total ten-year Strategic Priorities capital budget includes expenditures of $49.8 million. The following pie chart illustrates the ten-year Strategic Priorities budget by program with Parks and Open Space representing the largest program at $23.0 million (46.3%) as it includes $20.6 million for the EAB Management Program. The second largest program area is Infrastructure Planning with $8.4 million (16.9%) Strategic Priorities by Program ($ Millions) The 2018 Strategic Priorities capital budget totals $9.0 million, of which a breakdown by program is provided below. The largest 2018 capital project is the EAB Management Program at $3.7 million. 44

45 Strategic Priorities The following table illustrates the highlight projects for Strategic Priorities within the ten-year forecast. The most significant project is the EAB Management Program at $20.6 million within the Parks and Open Space Program. Other significant projects include the Web Based Services project at $4.7 million and two projects for Khalsa Gate Streetscape for a combined $6.0 million. 10 Year Project Highlights ($ Millions) Program Department - Project 2018 Total Primary Year/s Parks and Open Space EAB Management Program $ 3.7 $ 20.6 All 10 Corporate Initiatives Web Based Services $ 0.3 $ 4.7 All 10 Infrastructure Planning Khalsa Gate Streetscape - Pine Glen to Cul-de-Sac $ 0.2 $ Emergency Services Fire Station #3 - Demolition $ 0.0 $ Infrastructure Planning Khalsa Gate Streetscape - Dundas St to Pine Glen $ 0.0 $ Oakville Public Library Glen Abbey Creation Hub and Renovation $ 2.4 $ FCM Accessibility Improvements $ 0.1 $ 2.0 All 10 Infrastructure Planning New Traffic Calming Program $ 0.2 $ 1.7 All 10 Parks and Open Space Sportfields Conversions $ 0.0 $ , 2021 Information Systems Corporate Document Management $ 0.2 $ 1.5 All 10 Total $ 7.1 $

46 Strategic Priorities The majority of the funding for the Strategic Priorities capital budget is provided from the capital levy which represents 64% of the total financing. Capital reserves represent the second largest source of funding at 27%. External revenues include developer recoveries related to Khalsa Gate Streetscape work. Strategic Priorities Funding Sources $31.8 million or 9% of the total Capital Levy has been allocated to support Strategic Priority projects. The Capital Reserve has been used to finance projects such as the Gypsy Moth Aerial Spray Program, Flashing 40 km/h Zone Sign Program and the Creation Zone portion of the Glen Abbey Creation Hub and Renovation project. The renovation portion of the project is funded from the Building Maintenance RF. It is anticipated that future land sales will replenish the Capital Reserve. 46

47 Town of Oakville 2018 Capital Budget and 10 Year Financing Plan Total Strategic Priorities Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast CORPORATE INITIATIVES Web Based Services 310, , , , , , , , , ,000 4,747,000 Total CORPORATE INITIATIVES 310, , , , , , , , , ,000 4,747,000 CORPORATE SERVICES Facilities and Construction Management Accessibility Improvements 106, , , , , , , , , ,000 2,005,000 Total Facilities and Construction Management 106, , , , , , , , , ,000 2,005,000 Information Systems PCI Certification Project 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40, , Corporate Document Management 201, , , , , , , , , ,000 1,512, Share Point Enhancements 126,000 50,000 50, ,000 50,000 50,000 50,000 50,000 50,000 50, , Point of Sale Terminals Expansion and Refresh 50,000 20,000 20,000 20,000-20,000 20,000-20, , AMANDA Public Portal 151, , , ,000 Total Information Systems 568, , , , , , , , , ,000 3,337,000 Total CORPORATE SERVICES 674, , , , , , , , , ,000 5,342,000 COMMUNITY SERVICES Parks and Open Space WOSS Field and Washroom Rehabilitation 624, , Sportfields Conversions - 780, , ,560, Wallace Park Utilization Study 50, , EAB Management Program 3,684,000 3,223,000 1,827,000 1,621,000 1,852,000 1,666,000 1,897,000 1,706,000 1,948,000 1,184,000 20,608, Gypsy Moth Aerial Spray Program 205, ,000 Total Parks and Open Space 4,563,000 4,003,000 1,827,000 2,401,000 1,852,000 1,666,000 1,897,000 1,706,000 1,948,000 1,184,000 23,047,000 Emergency Services Fire Station #3 - Demolition - 2,742, ,742,000 Total Emergency Services - 2,742, ,742,000 Recreation and Culture Centennial Pool - Demolition Costs - 105, , , , GA Fitness Expansion Study , ,000 Total Recreation and Culture - 105,000 90, , , ,000 Oakville Public Library OPL Website Refresh to Town Standards 150, , Glen Abbey Creation Hub and Renovation 2,433, ,433, Central - One Desk conversion 50, , Library Creation Hub (Location TBD) , ,000 Total Oakville Public Library 2,633, , ,433,000 Infrastructure Maintenance Winter Operations - Salt/Plow Route Optimization 50, ,000 Total Infrastructure Maintenance 50, ,000 Oakville Transit Bus Stop Accessibility Improvements ,000 40,000 40,000 40,000 40,000 40,000 40, ,000 Total Oakville Transit ,000 40,000 40,000 40,000 40,000 40,000 40, ,000 Total COMMUNITY SERVICES 7,246,000 6,850,000 1,957,000 2,651,000 3,125,000 1,706,000 1,937,000 1,746,000 1,988,000 1,184,000 30,390,000 47

48 Town of Oakville 2018 Capital Budget and 10 Year Financing Plan Total Strategic Priorities Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast COMMUNITY DEVELOPMENT Infrastructure Planning Khalsa Gate Streetscape - Pine Glen to Cul-de-Sac 187, ,000 3,004, ,343, Khalsa Gate Streetscape - Dundas St to Pine Glen , ,000 2,419, ,656, th Line Northbound Turn Lane at Miller Road , , , Transit Layby Lane - McCraney Street 15,000 95, , New Traffic Calming Program 183, , , , , , , , , ,000 1,669, Flashing 40kmh Zone Sign Program 204, ,000 Total Infrastructure Planning 589, ,000 3,297, ,000 2,577, , , , , ,000 8,410,000 Environmental Policy Biodiversity (Natural Heritage System) Strategy 50, , Energy Management System Solution 101, , , , , , Integrated Community Sustainability Plan - 50, , Environmental Strategic Plan (ESP) Update , , ,000 Total Environmental Policy 151, , , , , , ,000 Dev Eng/Economic Dev Economic Development Strategy Update 25, , ,000 Total Dev Eng/Economic Dev 25, , ,000 Total COMMUNITY DEVELOPMENT 765, ,000 3,398, ,000 2,779, , , , , ,000 9,292,000 GRAND TOTAL 8,995,000 8,321,000 6,270,000 4,229,000 7,000,000 2,829,000 3,094,000 3,376,000 3,319,000 2,338,000 49,771,000 48

49 Community Enhancements The total ten-year Community Enhancements capital budget includes expenditures of $72.4 million and includes improvements or enhancements to the community that increase the current level of service but are not entirely driven by growth. As illustrated in the following pie chart the largest portion of the budget is in the Recreation and Culture program at $65.7 million or 91%, followed by Parks and Open Space with $6.7 million or 9%. Examples of these improvements are the Trafalgar Park Revitalization and the South East Community Centre. The 2018 Community Enhancements capital budget totals $39.8 million, of which a breakdown by program is provided below Community Enhancements by Program ($ Millions) The largest 2018 capital project is to complete construction for the Trafalgar Park Revitalization at $21.1 million. 49

50 Community Enhancements The following table lists the capital projects included in the Community Enhancements category over the ten-year Forecast. The most significant projects are the new South East Community Centre and the Trafalgar Park Revitalization. The Trafalgar Park Revitalization project includes the rehabilitation of Oakville Arena, a Seniors Centre and the relocation of Fire Station #3. The new community centre in South East Oakville has a budget of $44.6 million. Other improvements include redevelopment of Wallace Park, a new neighbourhood park in the south-east area, trail improvements, and new splash pads. 10 Year Project Highlights ($ Millions) Program Department - Project 2018 Total Forecast Primary Year/s Recreation and Culture South East Community Centre $ 16.4 $ Recreation and Culture Trafalgar Park Revitalization $ 21.1 $ Parks and Open Space Wallace Park Redevelopment $ 0.0 $ Parks and Open Space South East Neighbourhood Park $ 0.6 $ Parks and Open Space Waterfront Trail Improvement - Tannery Waterworks $ 1.2 $ Parks and Open Space Splash Pad - Lawson Park $ 0.0 $ Parks and Open Space Splash Pad - College Park area $ 0.4 $ Parks and Open Space Clearview Creek Trail $ 0.0 $ Parks and Open Space Glenashton Park Bocce Court $ 0.1 $ Parks and Open Space Concrete Pads for Accessible Portable Toilets $ 0.1 $ Total $ 39.8 $

51 Community Enhancements The primary source of funding for the Community Enhancements program is the capital reserves and the capital levy, representing 77% of the total funding combined. Development charges represent 14% of the funding as the South East Community Centre is deemed to have a portion driven by growth. Parkland Reserve funds (Cash in Lieu) have been applied to park facility infrastructure projects such as park redevelopment, trail improvements and splash pads, along with the new neighbourhood park in the south-east. Community Enhancements Funding Sources 51

52 Town of Oakville 2018 Capital Budget and 10 Year Financing Plan Community Enhancements Total Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast COMMUNITY SERVICES Parks and Open Space Splash Pad - College Park area 364, , Avonhead Ridge Trail Extension 36, , Clearview Creek Trail - 260, , Glenashton Park Bocce Court 77, , South East Neighbourhood Park 600, ,000 1,233, ,970, Splash Pad - Lawson Park , , , Wallace Park Redevelopment ,000 2,225, ,350, Concrete Pads for Accessible Portable Toilets 65, , Waterfront Trail Improvement - Tannery Waterworks 1,196, ,196,000 Total Parks and Open Space 2,338, ,000 1,410,000 2,589, ,734,000 Recreation and Culture Trafalgar Park Revitalization 21,100, ,100, South East Community Centre 16,386,300 18,840,000 9,354, ,580,300 Total Recreation and Culture 37,486,300 18,840,000 9,354, ,680,300 Total COMMUNITY SERVICES 39,824,300 19,237,000 10,764,000 2,589, ,414,300 GRAND TOTAL 39,824,300 19,237,000 10,764,000 2,589, ,414,300 52

53 Enterprise Initiatives The Enterprise Initiatives category includes projects that support on-going initiatives for the town s selfsupported programs; Cemeteries, Harbours, Parking and Building Services. The total ten-year capital budget includes expenditures of $16.2 million. The following pie chart illustrates the total Enterprise Initiatives budget by program with Harbours representing the largest program at 11.2 million or 69% which includes $3.7 million to rehabilitate seawall infrastructure Enterprise Initiatives by Program ($ Millions) The 2018 Enterprise Initiatives capital budget totals $5.9 million, of which a breakdown by program is provided below. Rehabilitation of the seawall at Oakville Harbour will take place in 2018 at $1.2 million. 53

54 Enterprise Initiatives The following table highlights significant projects for Enterprise Initiatives within the ten-year forecast. The most significant project is the purchase of dockage for the Bronte Outer Harbour. 10 Year Project Highlights ($ Millions) Program Department - Project 2018 Total Primary Year/s Harbours Bronte Outer Harbour Dockage $ 3.9 $ Harbours Seawall Rehab. - Bronte Harbour North Wall $ - $ Harbours Seawall Rehabilitation - Oakville Harbour $ 1.2 $ Harbours Annual Dockage/Property $ 0.1 $ 1.0 All 10 Harbours Harbours Equipment Replacement $ 0.0 $ 0.9 All 10 Harbours Oakville Harbour Dredging $ - $ , 2026 Harbours Bronte Harbour Dredging $ - $ , 2023 Parking Replacement of on Street Parking Equipment $ 0.0 $ 0.7 All 10 Parking Parking Garage - Rehab - FCM $ - $ , 2026 Harbours Seawall Installation - Berta Point - Bronte Harbour $ 0.1 $ Parking Lot Maintenance and Repair $ 0.1 $ 0.5 All 10 Cemeteries TLC North Cemetery Lands Development $ - $ , 2022 Total $ 5.4 $

55 Enterprise Initiatives Funding for the Enterprise Initiatives capital budget is provided from respective program specific reserves and reserve funds that are fueled by revenues generated by Cemetery, Parking, Harbours and Building services. The Cemetery, Parking and Building Services capital budgets are 100% financed from their respective reserves. Where in the case of Harbours, the town capital reserves have been used to support the seawall rehabilitations as determined in the 2005 Harbour Master Plan and currently contribute 35% of the overall funding for Harbours projects. Enterprise Initiatives Funding Sources 55