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

Capital Forecast - Executive Summary Town of Oakville 2018-2027 Capital Forecast and Financing Plan 1

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 2018-2027 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 2015-2018 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 2018-2027 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

Capital Forecast - Executive Summary The 2018-2027 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 2018-2027 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

Capital Forecast - Executive Summary Capital Financing Policies and Assumptions The 2018-2027 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

Capital Budget Overview and Financing Summary 2018-2027 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 2018-2027 capital forecast totals $1.25 billion over 10 years, of which $129.11 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. 2018 2027 Capital Forecast (millions) Note: Numbers may not add due to rounding in this chart and all subsequent charts. 5

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 2018-2027 forecast is based on newly updated master plans completed in 2016 and 2017. 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, 2018. 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

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

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

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 1 2016 to 2020 and Phase 2 2020-2024 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. 2017-2018 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. 2019-2020 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. 2021-2022 Initiate downtown celebration and marketing campaign, removal of Centennial pool, create water view public feature. 2023-2026 Renewal of downtown cultural facilities in place at level of existing funding. 2027-2057 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 2018-2027 capital forecast. The chart to the right shows a summary of capital projects related to downtown area. Life to Date 2018-2027 Approved Forecast Project ($ Millions) Budget Total 21101602 Downtown Cultural Hub Phase 3 1.0 1.0 53361501 Lakeshore Rd Bridge at 16 Mile Creek 10.6 10.6 52901502 Harbours Master Plan 0.1 0.1 53321504 Downtown Lakeshore - Reconstruction/Streetscape 1.2 9.2 10.4 52221703 Towne Square Rehabilitation 0.2 1.4 1.6 46601701 South East Community Centre 1.2 44.6 45.8 21102101 Centennial Pool - Demolition Costs 0.7 0.7 52222101 Centennial Plaza Rehabilitation 0.7 0.7 43301613 Fire Station #3 - Demolition 0.9 3.6 4.5 47101704 Oakville Centre - Repairs, Replacement 1.4 1.4 47101801 OCPA - Replacement of Auditorium Sound Consoles 0.2 0.2 47101803 Oakville Centre - Acoustic System Replacement 0.5 0.5 47102001 Oakville Centre Lobby Expansion 5.6 5.6 Total $ 15.2 $ 67.9 $ 83.1 9

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 2021. 10

Capital Budget Overview and Financing Summary 2018-2027 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

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

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

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

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 2007. 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

Capital Budget Overview and Financing Summary 2018-2027 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 2018-2027 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

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

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 2018-2027 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 2018-2027 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 2018-2027 forecast, Federal gas tax funding is primarily used for infrastructure renewal projects such as road improvements, shoreline remediation and new buses. 18

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 2018-2027 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

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 2017. The final debt payment for the Joshua Creek Arena has occurred in 2017. The final portion of debt issuance for the LED Streetlight Conversion program will be issued in 2018. The final payment for Sixteen Mile Sports Complex will occur in 2021. Overall, both Tax Supported debt and Total debt remain well within the 6.25% and 12% guidelines. 20

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

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 2018-2020 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

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 2018-2027 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 2021. 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

Capital Budget Overview and Financing Summary Development Charges Update As part of the 2018-2027 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 2020. 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 2017. 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

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

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 2018-2020 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 2018-2020 Operating Budget and Business Plan. Operating Impacts by Program 2018 FTE 2018 2019 2020 CAO/Town Manager Service Oakville 1.0 111,000 - - Total CAO/Town Manager 1.0 111,000 - - Corporate Services Information Systems 641,500 119,400 60,000 Total Corporate Services - 641,500 119,400 60,000 Community Services Parks and Open Space 0.2 80,000 343,900 411,800 Emergency Services 3,800 1,098,700 1,599,500 Recreation and Culture 3.0 81,000 391,700 807,800 Oakville Public Library 0.9 8,700 278,700 921,700 Infrastructure Maintenance (179,700) 846,200 320,900 Oakville Transit 43,000 1,449,100 1,049,700 Total Community Services 4.1 36,800 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 5.1 785,500 4,522,100 5,184,700 26

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

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 2021. 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 2027. 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

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 $41.5 million, of which a breakdown by program is provided below. 2018-2027 Infrastructure Renewal by Program ($ Millions) The largest 2018 capital project is the Road Resurfacing and Preservation Program at $9.6 million. 29

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 53331702 Road Resurfacing and Preservation Program $ 9.6 $ 101.0 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 43301707 Fire Vehicle and Equipment Replacement $ 1.1 $ 13.3 All 10 Facilities and Construction Mgmt 42101701 Town Hall Major Accommodation Needs $ 0.1 $ 11.5 Various Facilities and Construction Mgmt 42101703 HVAC - Various Locations $ 1.3 $ 9.6 All 10 Infrastructure Planning 53321504 Downtown Lakeshore - Reconstruction/Streetscape $ 0.1 $ 9.2 2018-2020 Facilities and Construction Mgmt 42101705 Roof Replacement - Various Locations $ 0.7 $ 9.0 All 10 Information Systems 36101703 Hardware Evergreening $ 1.0 $ 8.3 All 10 Infrastructure Planning 53381901 Storm Sewer - Allocation $ 0.0 $ 6.7 2020-2027 Facilities and Construction Mgmt 42101713 Sitework - Various Facilities (Drives) $ 0.3 $ 6.6 All 10 Infrastructure Planning 53371901 Shoreline Remediation - Allocation $ 0.0 $ 5.9 2021-2027 Parks and Open Space 52211814 Playground Rehabilitation $ 0.3 $ 6.1 All 10 Recreation and Culture 47102001 Oakville Centre Lobby Expansion $ 0.0 $ 5.6 2020-2021 Infrastructure Planning 53381706 Storm Sewer Maintenance & Replacement Program $ 0.4 $ 5.1 All 10 Infrastructure Planning 53371701 Flooding Protection Program $ 0.2 $ 4.9 All 10 Total $ 21.6 $ 289.4 30

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

Town of Oakville 2018 Capital Budget and 10 Year Financing Plan 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Total Infrastructure Renewal Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast CORPORATE INITIATIVES 33101701 Strategic Asset Management Plan 195,000 145,000 145,000 - - - - - - - 485,000 36101606 CRM Infrastructure Replacement 251,000 - - 151,000 - - - - - - 402,000 Total CORPORATE INITIATIVES 446,000 145,000 145,000 151,000 - - - - - - 887,000 CORPORATE SERVICES Facilities and Construction Management 42101602 Leased Properties - Repairs and Replacements 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 250,000 42101603 Building Structural Inspections - 53,000-26,000 53,000-26,000 53,000 - - 211,000 42101701 Town Hall Major Accomodation Needs 79,000 1,161,000 - - 191,900 2,110,000 2,110,000 2,110,000 1,846,000 1,846,000 11,453,900 42101702 Council Chambers Renovation 1,860,000 10,000 - - - - - - - - 1,870,000 42101703 HVAC - Various Locations 1,276,000 1,064,000 591,500 810,000 268,000 1,059,000 1,221,000 808,000 962,000 1,501,000 9,560,500 42101704 Various Facility Accommodation Needs 264,000 264,000 264,000 264,000 264,000 264,000 264,000 264,000 264,000 264,000 2,640,000 42101705 Roof Replacement - Various Locations 693,000 855,000 545,000 440,000 997,000 675,000 1,000,000 1,222,000 1,178,000 1,380,000 8,985,000 42101706 Electrical Safety Authority Inspections 23,000 23,000 23,000 23,000 23,000 23,000 23,000 23,000 23,000 23,000 230,000 42101708 Mechanical Commission 69,000 69,000 88,000 69,000 69,000 69,000 69,000 69,000 69,000 69,000 709,000 42101709 Roofs - Minor Repairs 26,000 26,000 26,000 26,000 26,000 26,000 26,000 26,000 26,000 26,000 260,000 42101710 Asbestos Monitoring and Remediation 118,000 55,000 23,000 23,000 23,000 23,000 23,000 23,000 23,000 23,000 357,000 42101711 Facilities Emergency Repairs 106,000 106,000 106,000 53,000 53,000 53,000 53,000 53,000 53,000 53,000 689,000 42101712 Facility Repairs 214,200 152,600 110,500 152,500 232,300 69,700 89,000 53,000 53,000 53,000 1,179,800 42101713 Sitework - Various Facilities (Drives) 335,000 223,000 682,000 468,000 595,000 324,000 542,000 1,133,000 559,000 1,719,000 6,580,000 42101714 Heritage Building Maintenance and Repair 28,000 91,000 42,200 84,000 25,000 32,000 83,500 38,000 5,000 11,000 439,700 42101715 Energy Management Large Buildings 504,000 430,000 70,000 - - - - - - - 1,004,000 42101716 Properties under 12,000 SF Maintenance and Repair 181,000 436,000 386,800 276,000 406,000 426,500 305,000 788,800 307,100 364,000 3,877,200 42101717 Electrical - Various Locations - - - - - 129,000 8,000 310,000 334,000 69,000 850,000 42101801 Town Hall - Repairs/Replacement (Mechanical) 5,000 94,000 15,000 128,000 403,000-40,000 110,000 214,000 49,000 1,058,000 42101802 Pine Glen Indoor Soccer Facility Repairs - 58,000-15,000-333,000 - - - - 406,000 42101803 Architectural/Structural - - 33,000 116,500 36,000 50,000 13,000 21,000-32,000 301,500 42101804 Townhall Card Access Controller Replacement 62,000 60,000 - - - - - - - - 122,000 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 36101308 JD Edwards HR Enhancements 100,000 - - - - - - - - - 100,000 36101310 CIS Enhancement - Workforce Management 45,000 - - - - - - - - - 45,000 36101602 Electronic Agenda Management - - 35,000 - - - - 35,000 - - 70,000 36101703 Hardware Evergreening 955,000 955,000 804,000 804,000 804,000 804,000 804,000 804,000 804,000 804,000 8,342,000 36101704 HP to Aruba Wireless Migration 198,900 - - - - - - - - - 198,900 36101705 Enterprise Storage Architecture and Retension 212,000 - - - - - - - - - 212,000 36101709 Amanda Infrastructure Upgrade 75,000 - - - 226,000 - - - - - 301,000 36101711 Fiber Installation/Termination, Various Locations 354,500 - - - - - - - - - 354,500 36101713 GIS System Enhancement 101,000 156,000 101,000 156,000 101,000 156,000 101,000 156,000 101,000 156,000 1,285,000 36101714 Systems and Networking Infrastructure 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 500,000 36101716 Corporate Information System (CIS) 276,000 126,000 126,000 126,000 126,000 126,000 126,000 126,000 126,000 126,000 1,410,000 36101717 Misc Sustainment for Corporate Applications 126,000 126,000 126,000 126,000 126,000 126,000 126,000 126,000 126,000 126,000 1,260,000 36101802 IS Strategic Plan 101,000 - - - - 101,000 - - - - 202,000 36101803 CIS Infrastructure Refresh 126,000 - - 126,000 - - 126,000 - - 126,000 504,000 36101804 GIS Infrastructure Refresh - - 231,000 - - - 231,000 - - - 462,000 36101805 South Atrium Video System Replacement 126,000 - - - - - - - - - 126,000 36101815 Microsoft Outlook Infrastructure Refresh 111,000-117,000 - - - - 227,000 - - 455,000 36101901 Firewall Infrastructure Refresh - 251,000 - - - - 251,000 - - - 502,000 36101902 Sharepoint Infrastructure Refresh - 251,000 - - - - 251,000 - - - 502,000 36101903 Storage Area Network Refresh - 176,000 75,000 - - - 176,000 75,000 - - 502,000 36102001 Library ILS Infrastructure Refresh - - 176,000 - - - - 176,000 - - 352,000 36102002 Transit ITS Server and System Infrastructure - - 382,000 - - - - 382,000 - - 764,000 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

Town of Oakville 2018 Capital Budget and 10 Year Financing Plan Infrastructure Renewal 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Total Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast COMMUNITY SERVICES Parks and Open Space 52211618 Parks Facilities Repairs 214,000 255,000 224,000 265,000 259,000 227,000 281,000 280,000 278,000 280,300 2,563,300 52211620 Splash Pad Rehabilitation - - 364,000-364,000 - - 546,000 - - 1,274,000 52211701 Wallace Park - Washroom Expansion/Renova - 52,000 572,000 - - - - - - - 624,000 52211715 Old Abbey Park - Phase Two - 416,000 - - - - - - - - 416,000 52211717 Picnic Shelters and Bandshells 218,000 104,000 - - 130,000 130,000 52,000 104,000 276,000 150,000 1,164,000 52211718 Sports Field Rehabilitation 364,000 390,000 390,000 416,000 416,000 442,000 442,000 468,000 468,000 468,000 4,264,000 52211719 Stairs, Bridges and Trails - 936,000 307,000 645,000 624,000 125,000 166,000 172,000 567,000 369,000 3,911,000 52211720 Tennis and Basketball Court 26,000 94,000 52,000 68,000 234,000-406,000 26,000 281,000 90,000 1,277,000 52211721 Electrical Lighting Rehab 57,000 104,000 161,000 57,000 57,000 57,000 99,000 109,000 57,000 135,000 893,000 52211722 Parking Lot and Driveway - Parks Facilities - 1,118,000 182,000 260,000 572,000 78,000-416,000 - - 2,626,000 52211811 Replacement of In-Ground Waste Containers 78,000 78,000 78,000 78,000 78,000 78,000 78,000 78,000 78,000 78,000 780,000 52211813 Coronation Park Overhead Trellis 50,000 - - - - - - - - - 50,000 52211814 Playground Rehabilitation 276,000 452,000 364,000 588,000 406,000 1,201,000 993,000 915,000 484,000 435,000 6,114,000 52211907 Skateboard Park Rehab - 52,000 - - 52,000 - - 140,000 - - 244,000 52221603 Gairloch Gardens Rehabilitation - 260,000 - - - - - - - - 260,000 52221605 Sports Field Irrigation - 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 450,000 52221702 Backstops and Fencing 94,000 281,000 151,000 26,000 78,000 99,000 26,000 156,000 - - 911,000 52221703 Towne Square Rehabilitation - 1,404,000 - - - - - - - - 1,404,000 52221802 Greenhouse Rehabilitation - 176,000 - - 4,000 12,000-6,000 - - 198,000 52221901 B.A. Field - artificial turf replacement - 884,000 - - - - - - - - 884,000 52222001 North Park - artificial turf replacement - - 780,000 - - - - - - - 780,000 52222101 Centennial Plaza Rehabilitation - - - 52,000 624,000 - - - - - 676,000 52231601 Cul-de-sac Rehabilitation 151,000 276,000 276,000 302,000 302,000 302,000 302,000 302,000 302,000 302,000 2,817,000 52241704 Pathway Rehabilitation 234,000 234,000 234,000 260,000 260,000 260,000 312,000 312,000 364,000 364,000 2,834,000 52241705 Asphalt Pathway Rehabilitation 322,000 234,000 234,000 234,000 260,000 260,000 260,000 312,000 364,000 364,000 2,844,000 52251703 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 15,186,000 52251801 Parks Structure Inspections - 55,000-60,000 30,000 60,000-65,000-95,000 365,000 52271601 Urban Forest Strategic Management Plan (UFSMP) - - - 126,000 - - - - - - 126,000 52271703 Street Tree Planting 452,000 452,000 452,000 452,000 452,000 452,000 452,000 452,000 452,000 452,000 4,520,000 52271704 Woodlot Preventative Maintenance 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 750,000 52271801 Invasive Species Monitoring 133,000 133,000 133,000 133,000 133,000 133,000 133,000 133,000 133,000 133,000 1,330,000 52271803 Woodlot Preventative Maintenance-North Oakville 32,000 63,000 94,000 126,000 157,000 188,000 220,000 251,000 182,000 314,000 1,627,000 52271804 Parks Tree Planting 257,000 293,000 293,000 293,000 293,000 293,000 293,000 293,000 293,000 293,000 2,894,000 52272001 I-Tree - - 226,000 - - - - 226,000 - - 452,000 52272301 Preventative Maintenance Pruning - - 302,000 302,000 302,000 302,000 302,000 302,000 302,000 302,000 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 43301607 Portable Radio Equipment 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 250,000 43301610 Protective Clothing Replacement 101,000 151,000 151,000 151,000 151,000 151,000 151,000 151,000 151,000 151,000 1,460,000 43301611 Fire Training Facility 181,000 181,000 181,000 181,000 181,000 181,000 181,000 181,000 181,000 181,000 1,810,000 43301704 Specialized Equipment Replacement 151,000 151,000 151,000 151,000 151,000 151,000 151,000 151,000 151,000 151,000 1,510,000 43301705 Fire Station Facility Maintenance 26,000 56,000 50,000 53,000 58,000 82,000 63,000 61,000 60,000 35,000 544,000 43301706 Furniture and Equipment Replacement 41,500 49,000 67,000 54,000 35,000 74,000 52,000 39,000 22,000 10,000 443,500 43301707 Fire Vehicle and Equipment Replacement 1,133,000 251,000 1,610,000 2,607,000 91,000 1,876,000 1,996,000 15,000 2,480,000 1,257,000 13,316,000 43301803 Alternate EOC 25,000-5,000-5,000-5,000-5,000-45,000 43301804 Fire Dispatch Centre Equipment Replacement 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 500,000 43301805 Specialized Equipment - New 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 250,000 43301902 Appleby Dispatch CAD system upgrade - 1,005,000 - - - - - - - - 1,005,000 43302101 SCBA Equipment Testing and Replacement - - - 672,000 - - - - - - 672,000 Total Emergency Services 1,758,500 1,944,000 2,315,000 3,969,000 772,000 2,615,000 2,699,000 698,000 3,150,000 1,885,000 21,805,500 33

Town of Oakville 2018 Capital Budget and 10 Year Financing Plan 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Total Infrastructure Renewal Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Recreation and Culture 46311701 South Arenas Interiors - - 8,700 10,000 79,000-12,600 86,800 - - 197,100 46311702 Ice Resurfacer Replacement - 101,000 101,000 101,000 101,000 101,000 101,000 101,000 203,000 102,000 1,012,000 46311703 Southern Arena's - Repair, Replacement 35,000 131,000 43,000 5,000 65,000 13,000 182,000 72,000 75,000 5,000 626,000 46312102 Kinoak Arena - Concrete, Dasher Boards, Doors - - - 1,523,700 - - - - - - 1,523,700 46401701 Stand Alone pools - Furniture 25,000 71,000 - - - - - - - - 96,000 46401702 Outdoor Pools - Repairs, Replacement 126,200 10,000 30,000 136,000 165,000 15,000 23,000 234,000 6,000 41,000 786,200 46401703 Stand Alone pools - Repairs, Replacement 16,000 61,000 37,000 5,000 25,000 24,000 71,000 5,000 8,000 19,000 271,000 46401802 White Oaks - Tile Pool Tank - - - - - 121,000 - - - - 121,000 46401803 Stand Alone Pool Interiors 30,000 - - - - - 40,000 - - - 70,000 46402001 Outdoor Pool Interiors - - 18,000 - - - - - - - 18,000 46601601 Youth Centres - Furniture and Equipment - 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 45,000 46601602 Recreation Planning Studies 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 750,000 46601702 Senior's Centre - Repairs, Replacement 13,300 23,300 121,200 10,000 - - 10,000 - - - 177,800 46601703 Senior's Centre - Furniture, Equipment Rplcmnt - - - 20,000-25,000 3,000 5,000 6,000-59,000 46601901 Senior Centre Interiors - 41,000 60,000 - - - - - - - 101,000 46601902 Overall Fitness Review - 65,000 - - - - - - - - 65,000 46631702 River Oaks - Furniture/Equipment Replacement 77,000 5,000 25,000 5,000 18,000 25,000 5,000 25,000 60,000 13,000 258,000 46631703 River Oaks - Repairs, Replacement 501,000 70,000 22,000 10,000 10,000 18,000 30,000 20,000 25,000 55,000 761,000 46631704 River Oaks - Replace Slab A Ice Rink 50,000 - - 1,479,300 - - - - - - 1,529,300 46631801 RO Squash & Raquetball Courts Review 25,000 - - - - - - - - - 25,000 46631802 River Oaks Interior Renovations - 190,000 64,000-181,000 36,400 - - - - 471,400 46632001 River Oaks - Community Room C - - 25,000 - - - - - - - 25,000 46632002 River Oaks - Squash Courts 2 - - 58,000 - - - - - - - 58,000 46632003 River Oaks - Raquetball Courts 2 - - 50,000 - - - - - - - 50,000 46641702 Iroquois Ridge - Repairs and Replacement 10,000 129,000 58,000 37,000 10,000 10,000 17,000 48,000 217,000 10,000 546,000 46641802 Iroquois Ridge - Program Storage Area Expansion 511,000 - - - - - - - - - 511,000 46641803 Iroquois Ridge - Fitness Equipment Replacement 14,000 15,000 18,000 5,000 12,000 11,000 12,000 30,000 34,000 17,000 168,000 46642102 Iroquois Ridge Minor Interior Renovations - - - 17,000 - - - - - - 17,000 46651701 Glen Abbey - Repairs, Replacement 123,000 295,000 80,000 102,000 10,000 44,000 19,000 69,000 166,000 35,000 943,000 46651702 Glen Abbey - Water Slide Structural Review and Replacement 101,000 - - - - - - - - - 101,000 46651704 Glen Abbey - Furniture/Equipment Replacement 85,000 23,000 45,000 24,000 24,000 21,000 12,000 16,000 15,000 10,000 275,000 46652001 Glen Abbey - Blue Rink Concrete, Dasher Boards, Glass - - 1,609,400 - - - - - - - 1,609,400 46661701 QEPCCC Facility Enhancements - 73,000 151,000 50,000-15,000 - - - - 289,000 46661703 QEPCCC Facility Repairs and Replacements 107,500 101,000 87,000 83,000 70,500 39,000 26,000 38,000 120,000 149,000 821,000 46661704 QEPCCC - Furniture and Equipment 5,000 5,000 5,000 5,000 38,000 5,000 79,000 18,000 5,000 15,000 180,000 46671702 Joshua's Creek Arena Repairs and Maintenance 15,000 194,000 90,000 345,000 15,000 82,000 166,000 76,000 21,000 36,000 1,040,000 46681701 16 Mile Repairs and Maintenance 27,000 72,500 103,500 55,000 30,000 30,000 10,000 294,000 10,000 10,000 642,000 46681801 16 Mile Marquee Sign 141,000 - - - - - - - - - 141,000 46682001 16 Mile - Replace Rubberized Rink Skate Flooring - - 548,000 - - - - - - - 548,000 47101704 Oakville Centre - Repairs, Replacement 108,000 5,000 386,000 136,000 227,000 5,000 43,000 5,000 56,000 427,000 1,398,000 47101801 OCPA - Replacement of Auditorium Sound Consoles - 196,000 - - - - - - - - 196,000 47101803 Oakville Centre - Acoustic System Replacement - 452,000 - - - - - - - - 452,000 47102001 Oakville Centre Lobby Expansion - - 1,212,000 4,369,300 - - - - - - 5,581,300 47801601 Museum - Repairs and Maintenance 26,000 5,000 11,000 5,000 5,000 7,000 5,000 6,000 5,000 7,000 82,000 47801801 Museum - Coach House Study & Reno - - - 1,667,000 - - - - - - 1,667,000 Total Recreation and Culture 2,247,000 2,413,800 5,146,800 10,285,300 1,165,500 727,400 946,600 1,228,800 1,112,000 1,031,000 26,304,200 Oakville Public Library 71101708 Libraries Capital Replacement - - 24,000 - - - - 44,000 20,000 1,200 89,200 71101709 Library Furniture and Equipment 52,000 54,000 56,000 59,000 62,000 65,000 68,000 71,000 75,000 79,000 641,000 71101805 White Oaks Library Renovation 688,000 - - - - - - - - - 688,000 Total Oakville Public Library 740,000 54,000 80,000 59,000 62,000 65,000 68,000 115,000 95,000 80,200 1,418,200 34

Town of Oakville 2018 Capital Budget and 10 Year Financing Plan 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Total Infrastructure Renewal Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Oakville Galleries 75101801 Galleries Collection 12,000-12,000-12,000-12,000-12,000-60,000 75101802 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 51311702 Central Ops - Furniture Replacement 20,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 110,000 51311802 Central Operations Depot Capital Replacement 75,000-118,000 65,000 17,000 18,000 12,000 464,000 363,000 54,000 1,186,000 51312403 North Ops Capital Replacements - - - - - - 324,000-4,000-328,000 51321701 Sludge Decant Pit - Central Ops 226,000 - - - - - - - - - 226,000 51321702 Roads and Works Replacement Equipment 1,947,100 1,609,000 1,774,000 1,826,000 2,542,000 712,000 928,000 1,329,000 2,205,000 1,156,000 16,028,100 51321703 Radio System Replacement & Integrated AVL 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 500,000 51321801 Hoist Replacements - Central Ops 151,000-151,000-151,000-151,000 - - - 604,000 51611601 Major Traffic Signal Repairs 45,000 45,000 45,000 50,000 50,000 52,500 52,500 54,000 54,000 56,000 504,000 51611602 Traffic Signal Interconnect 60,000 60,000 60,000 65,000 65,000 67,000 67,000 69,000 69,000 75,000 657,000 51611603 Traffic Signal Hardware Replacement 377,000 377,000 377,000 452,000 452,000 452,000 527,000 527,000 527,000 602,000 4,670,000 51611604 Traffic Signal Controller Replacement 402,000 402,000 402,000 452,000 452,000 452,000 502,000 502,000 502,000 552,000 4,620,000 51631602 Streetlight Rehabilitation 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 500,000 51631801 BIA Streetlight Pole Rehabilitation 30,000 - - 35,000 - - 40,000 - - 40,000 145,000 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 54201704 Replacement Shelters - - 84,000 54,000 155,000 54,000 89,000 181,000 217,000-834,000 54211701 Transit Facility Equipment Replacement 72,000 182,000 109,000 234,000 25,000 488,000 81,000 162,000 107,000 1,078,000 2,538,000 54211802 Transit Facility Capital Repairs and Replacement 47,000 35,000 44,000 35,000 35,000 35,000 35,000 66,000 35,000 35,000 402,000 54212101 Oakville GO Station Modifications - - - 402,000 402,000 553,000 - - - - 1,357,000 54411607 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 14,706,000 54411705 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 4,040,000-35,104,000 54411803 Maintenance Vehicle and Equipment Replacement 60,000 60,000 60,000 - - - - 60,000 60,000 60,000 360,000 54411804 Specialized Vehicle Replacement 452,000-678,000 452,000 1,347,000 895,000-452,000-678,000 4,954,000 54411807 Supervisory Vehicle Replacement 85,000 - - 85,000 61,000 - - 85,000 - - 316,000 54411902 Presto Equipment Replacement - 1,508,000 - - - - - - - - 1,508,000 54421701 Security Cameras 25,000 25,000 - - - - - - - - 50,000 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 15,154,500 211,744,300 COMMUNITY DEVELOPMENT Infrastructure Planning 53111701 Engineering and Construction Cap. Repl. 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 250,000 53321504 Downtown Lakeshore - Reconstruction/Streetscape 130,000 4,517,000 4,517,000 - - - - - - - 9,164,000 53321607 Invicta Drive - North Service Rd to North Limit - 1,535,000 - - - - - - - - 1,535,000 53321701 Bridge Road - Third Line to Sherin Drive 70,000 1,209,000 - - - - - - - - 1,279,000 53322001 Mary Street - Margaret to Maurice Drive - - - - 54,000 410,000 - - - - 464,000 53322003 Chisholm Street - Rebecca St. to Bond St. - - 95,000 541,000 - - - - - - 636,000 53322004 Bond Street - Kerr to Queen Mary Drive - - - 93,000 736,000 - - - - - 829,000 53322102 Devon Road - Morrison Rd to Wedgewood Dr. - - - 387,000 2,422,000 - - - - - 2,809,000 53322301 Morrison Rd - Cynthia Lane to Devon Road - - - - - 287,000 1,808,000 - - - 2,095,000 53322401 Elmhurst Ave - Maple Grove to Eastcourt Rd - - - - - - - 182,000 1,134,000-1,316,000 53322402 Morrison Rd - Devon Rd to Lakeshore Rd - - - - - - 512,000 2,971,000 - - 3,483,000 53322501 Reynolds Street - Cornwall Rd to Spruce St - - - - - - - 97,000 521,000-618,000 53331602 Road Safety Program 51,000 51,000 51,000 51,000 51,000 51,000 51,000 51,000 51,000 51,000 510,000 53331701 Fences and Noise Wall Maintenance & Rehabilitation 198,000 198,000 533,000 533,000 533,000 533,000 533,000 533,000 533,000 533,000 4,660,000 53331702 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 10,150,000 100,993,000 53341703 AT Facility Rehabilitation 295,000 295,000 295,000 295,000 295,000 295,000 295,000 295,000 295,000 295,000 2,950,000 53351801 Infrastructure Assessment and Engineering Studies 102,000-102,000-102,000-102,000-102,000-510,000 35

Town of Oakville 2018 Capital Budget and 10 Year Financing Plan 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Total Infrastructure Renewal Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast 53360805 Brookmill Rd Bridge at Joshuas Creek 254,000 - - - - - - - - - 254,000 53361103 Warminster Dr Bridge at 14 Mile Creek 102,000 1,421,000 - - - - - - - - 1,523,000 53361301 Bridge Rd at 14 Mile Creek Bridge 203,000 - - - - - - - - - 203,000 53361701 Biannual Structure Inspection - 203,000-81,000-122,000-81,000-122,000 609,000 53361703 Bridge Permitting Allocation 49,000 76,000 61,000 65,000 213,000 213,000 231,000 350,000 350,000-1,608,000 53361704 Bridge & Culvert Minor Rehabilitations - Various Location 345,000 345,000 345,000 345,000 345,000 345,000 345,000 345,000 345,000 345,000 3,450,000 53361801 SSR at Joshua Creek Bridge Rehabilitation 51,000 254,000 - - - - - - - - 305,000 53362201 Bridge Rehabilitation - Allocation - - - - - 558,000 558,000 558,000 558,000 558,000 2,790,000 53362202 Culvert Replacement/Rehabilitation - Allocation - - - - - - 558,000 558,000 558,000 558,000 2,232,000 53371102 Morrison Creek West Reach 37 597,000 - - - - - - - - - 597,000 53371505 Vista Promenade - Shoreline Protection - 1,688,000 - - - - - - - - 1,688,000 53371601 Holyrood Promenade - 433,000 - - - - - - - - 433,000 53371603 Arkendo Park- Shoreline Protection - - 1,828,000 - - - - - - - 1,828,000 53371606 Morrison Creek East- Reaches 39 to 45 - Creek Erosion - - 1,583,000 1,055,000 - - - - - - 2,638,000 53371701 Flooding Protection Program 158,000 528,000 528,000 528,000 528,000 528,000 528,000 528,000 528,000 528,000 4,910,000 53371705 McCraney Creek, Reach 21 - Creek Erosion - 422,000 - - - - - - - - 422,000 53371706 Storm Pond - Capital Maintenance 528,000 264,000 422,000 264,000 264,000 369,000 528,000 528,000 528,000 528,000 4,223,000 53371707 Outfall Major Maintenance 37,000 37,000 37,000 37,000 37,000 37,000 37,000 37,000 37,000 37,000 370,000 53371709 Shelburne Promenade at Sheldon Creek 2,216,000 - - - - - - - - - 2,216,000 53371801 Glen Oak Creek, Reach 32a - Creek Erosion 158,000 754,000 - - - - - - - - 912,000 53371804 Major Slope Inspection/Monitoring/Design 150,000 100,000 - - 50,000 - - - 50,000-350,000 53371901 Shoreline Remediation - Allocation - - - 844,000 844,000 844,000 844,000 844,000 844,000 844,000 5,908,000 53371902 Creek & Channel Inspections - 132,000 - - - 132,000 - - - - 264,000 53372001 Fourteen Mile Creek, Reach 5 - Creek Erosion - - - - 211,000-1,899,000 - - - 2,110,000 53372002 Shoreline Assessment - - 106,000 - - - 106,000 - - - 212,000 53372101 Munn's Creek, Reaches 33-35 - Creek Erosion - - - 264,000 1,187,000 1,187,000 - - - - 2,638,000 53372201 Erosion Control - Allocation - - - - 422,000 422,000 422,000 1,055,000 1,055,000 1,055,000 4,431,000 53381706 Storm Sewer Maintenance & Replacement Program 353,000 353,000 475,000 475,000 475,000 475,000 475,000 686,000 686,000 686,000 5,139,000 53381801 Brant Street/Kerr Street Sewer - - 37,000 332,000 - - - - - - 369,000 53381802 Tansley Drive/Seabourne Sewer - - - 58,000 454,000 - - - - - 512,000 53381803 Tweedsdale/Lakeshore Sewer - - - - 53,000 422,000 - - - - 475,000 53381804 Storm Sewer Inspection 132,000 132,000 116,000 53,000 53,000 53,000 53,000 53,000 53,000 53,000 751,000 53381805 Woodhaven Park Drive Sewer 112,000 1,741,000 - - - - - - - - 1,853,000 53381806 Coral Terrace/Birchview Drive Sewer - 63,000 601,000 - - - - - - - 664,000 53381901 Storm Sewer - Allocation - - 475,000 475,000 950,000 950,000 950,000 950,000 950,000 950,000 6,650,000 53411701 Traffic Studies and Monitoring 53,000 53,000 53,000 53,000 53,000 53,000 53,000 53,000 53,000 53,000 530,000 53411802 PXO Conversion Program 74,000 - - - - - - - - - 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 17,371,000 200,242,000 Planning Services 63101801 Heritage Planning Studies 201,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 426,000 Total Planning Services 201,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 426,000 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 17,396,000 200,668,000 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 41,445,500 484,782,300 36

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 $38.4 million, of which a breakdown by program is provided below. 2018-2027 Growth by Program ($ 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

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 53311705 Burloak Dr Grade Sep - Harvester to PW D $ 0.0 $ 54.0 2019-2020 Infrastructure Planning 53310703 Kerr St Widening and Grade Separation $ 4.6 $ 51.8 2022-2024 Recreation and Culture 46602501 Sixteen Mile Community Centre $ 0.0 $ 39.5 2024-2026 Oakville Transit 54411801/54411805 Expansion Buses and Specialized Buses $ 0.3 $ 27.1 All 10 Infra. Maintenance/Parks 51312401/52212401 North Operations Depot Phase 2 $ 0.0 $ 24.3 2026-2027 Infrastructure Planning 53311701 Traffic Management - Intersections $ 0.5 $ 20.4 All 10 Infrastructure Planning 53341702 ATMP Cycle lanes, Pathways etc. $ 0.4 $ 20.1 All 10 Infrastructure Planning 53312110 Sixth Line - Phase 2 $ 0.0 $ 19.9 2021 Infrastructure Planning 53312104 South Service Road - 3rd Line to 4th Line $ 0.0 $ 14.9 2022-2025 Infrastructure Planning 53311609 RWD Widening-Future WB Off Ramp to Ford Plant $ 0.0 $ 14.3 2024-2025 Oakville Public Library 71102501/71102601 New Library - Sixteen Mile CC & Collection $ 0.0 $ 13.5 2024-2026 Infrastructure Planning 53311607 RWD Extension - Future WB Off Ramp to 8th Line $ 0.0 $ 12.7 2024-2025 Infrastructure Planning 53312401 Wyecroft Road - 3rd Line to Bronte Road $ 0.0 $ 12.7 2024-2026 Parks and Open Space NHS Trails $ 0.8 $ 12.6 2024-2026 Infrastructure Planning 53312701 Sixth Line - Phase 3 $ 0.0 $ 12.0 2024-2026 Infrastructure Planning 53311911 Pedestrian Overpasses $ 0.0 $ 11.5 2020 Infrastructure Planning 53312108 Lakeshore Road West - Dorval Dr to Fourth Line $ 0.7 $ 11.5 2018-2020 Infrastructure Planning 53312002 Lakeshore Road West - Fourth Line to Sandwell $ 0.0 $ 10.4 2020-2022 Infra. Maintenance/Parks Roads and Works and Parks Growth Vehicles and Equipment $ 1.0 $ 9.5 2020-2022 Parks and Open Space 52212302 North Park Sports Park - South Parcel $ 0.3 $ 9.1 2022-2024 Emergency Services 43302401 Fire Station #9 $ 0.0 $ 8.9 2024-2025 Total $ 8.6 $ 410.8 38

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

Town of Oakville 2018 Capital Budget and 10 Year Financing Plan 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Total Growth Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast CORPORATE INITIATIVES 33101502 Development Charges Study - - - 250,000 250,000 - - - - - 500,000 Total CORPORATE INITIATIVES - - - 250,000 250,000 - - - - - 500,000 CORPORATE SERVICES Information Systems 36101904 Hardware for New Facilities - 95,000 84,000 - - - - 80,000 339,000 82,000 680,000 Total Information Systems - 95,000 84,000 - - - - 80,000 339,000 82,000 680,000 Total CORPORATE SERVICES - 95,000 84,000 - - - - 80,000 339,000 82,000 680,000 COMMUNITY SERVICES Parks and Open Space 52211613 NHS - Trail - 870,000 274,000 794,000 274,000 430,000 794,000 794,000 794,000-5,024,000 52211702 South Shell Waterfront Park Phase 3 593,000 - - - - - - - - - 593,000 52211703 NP4 - Shieldbay 2,500,000 506,000 - - - - - - - - 3,006,000 52211705 Park Signs - New Growth - 15,000-15,000-15,000-15,000-15,000 75,000 52211713 Fitzsimmons Trail - - 26,000 217,000 - - - - - - 243,000 52211802 Uptown Core -Memorial Park Special Project - 439,000 1,640,000 - - - - - - - 2,079,000 52211806 Winston Park West Trail Development - - - 55,000 - - - - - - 55,000 52211807 Edgemere Waterfront Trail 477,000 - - - - - - - - - 477,000 52211808 Shieldbay Village Square 1 541,000 - - - - - - - - - 541,000 52211809 Minto NHS Trails 369,000 - - - - - - - - - 369,000 52211901 Staroak Village Square - 506,000 - - - - - - - - 506,000 52211902 Phase 2 Palermo Park - 400,000 2,500,000 800,000 - - - - - - 3,700,000 52211904 Green Ginger NHS Trail - 364,000 - - - - - - - - 364,000 52211905 Sixth Line NHS Trails - 265,000 - - - - - - - - 265,000 52211906 North Oakville - Neighbourhood Park - 3 322,000 2,896,000 - - - - - - - - 3,218,000 52211908 St. Ann's Park (Hixon) - 520,000 - - - - - - - - 520,000 52211909 StarOak NHS Trails - 250,000 - - - - - - - - 250,000 52211910 Lisonally-Westdale Promenade - - 30,000 270,000 - - - - - - 300,000 52211911 Shorewood Promenade - West - 45,000 213,000 - - - - - - - 258,000 52212005 Graydon Banning Village Square 1 - - - 536,000 - - - - - - 536,000 52212006 Trafalgar Works Site - - 652,000 - - - - - - - 652,000 52212102 West Oakville Sports Park Phase 1 - - - - - - 250,000 - - - 250,000 52212103 Preserve Phase 3 Village Square 503,000 - - - - - - - - - 503,000 52212104 East 14 Mile Creek Trail - - - 740,000 - - - - - - 740,000 52212105 NHS Trail - North Oakville - West - - - 529,000 529,000 529,000 794,000 794,000 - - 3,175,000 52212106 Preserve Phase 3 NHS Trails 425,000-110,500 - - - - - - - 535,500 52212107 Bronte Green (Merton) Neighbourhood Park - - - 200,000 1,880,000 - - - - - 2,080,000 52212108 Bronte Green (Merton) Vill.Sq 1 - - - 594,000 - - - - - - 594,000 52212109 Bronte Green (Merton) NHS Trails - - - 75,000 1,647,000 - - - - - 1,722,000 52212201 Graydon Banning Village Square 2 - - - - - - - 536,000 - - 536,000 52212202 Emgo NHS Trails - - - - 520,000 - - - - - 520,000 52212203 Bronte Green (Merton) Vill.Sq 2 - - - - 441,000 - - - - - 441,000 52212301 Dunoak Village Square - - - - - 536,000 - - - - 536,000 52212302 North Park Sports Park - South Parcel 300,000-250,000-3,400,000 2,500,000 2,681,000 - - - 9,131,000 52212303 Dunoak NHS Trail - - - - - 364,000 - - - - 364,000 52212401 North Operations Depot Phase 2 - Parks - - - - - 4,124,900 507,000-1,055,000 3,552,100 9,239,000 52212402 Bressa Village Square - - - - 536,000 - - - - - 536,000 52212501 Emgo Village Square - - 536,000 - - - - - - - 536,000 52212502 Neighbourhood Park 9 (Emgo/Crystal) - - - - - - - 500,000 2,400,000-2,900,000 40

Town of Oakville 2018 Capital Budget and 10 Year Financing Plan 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Total Growth Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast 52212601 Neighbourhood Park 5 - - - - - 500,000 2,000,000 200,000 - - 2,700,000 52212602 Green Ginger East Village Square - - - - - - - - 536,000-536,000 52222501 North Park Sports Park - North Parcel - - - - - - - 200,000 - - 200,000 52222502 Lands north of 407 parcel 1 - - - - - - - - 4,562,400-4,562,400 52222503 Joshua Meadows Community Park - - - - - - - 250,000 3,779,300-4,029,300 52251702 Parks Growth Vehicles and Equipment 636,500 705,000 1,030,000 600,000 614,000 315,000 521,000 128,000 219,000 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 43301402 Fire Station No.9 - Land 2,710,400 - - - - - - - - - 2,710,400 43301802 Fire Station #8 2,028,900 4,792,700 - - - - - - - - 6,821,600 43301806 Station # 4 Expansion 500,000 1,365,000 5,461,100 - - - - - - - 7,326,100 43302001 Fire Master Plan - - 100,000 - - - - 100,000 - - 200,000 43302002 New Vehicles for Fire Prevention - - 80,000-40,000 - - 40,000 - - 160,000 43302401 Fire Station #9 - - - - - - 2,029,000 6,845,500 - - 8,874,500 Total Emergency Services 5,239,300 6,157,700 5,641,100-40,000-2,029,000 6,985,500 - - 26,092,600 Recreation and Culture 46601802 New Youth Centre - 152,000 418,000 - - - - - - - 570,000 46602001 Master Plan Update - - 200,000 - - - - 200,000 - - 400,000 46602501 Sixteen Mile Community Centre - - - - 6,988,100 50,000 1,289,000 12,482,000 18,723,600-39,532,700 Total Recreation and Culture - 152,000 618,000-6,988,100 50,000 1,289,000 12,682,000 18,723,600-40,502,700 Oakville Public Library 71101806 North Temporary Branch Library (North Park) 1,793,000 - - - - - - - - - 1,793,000 71101807 North Temporary Branch Collection (North Park) 710,000 - - - - - - - - - 710,000 71101809 QEPCCC Incubator Library Expansion 60,000 - - - - - - - - - 60,000 71101811 New Branch Library - Trafalgar Corridor North (Land Purc 2,600,000 - - - - - - - - - 2,600,000 71101812 Incubator Libraries (Location TBD) 120,000 - - - - - - - - - 120,000 71101901 Library Master Plan Update - - 50,000 - - - - 50,000 - - 100,000 71101902 Palermo Temporary Branch Library (incl Collections) - 3,500,000 - - - - - - - - 3,500,000 71102001 New Branch Library - Palermo (Land Purchase) - - 4,005,000 - - - - - - - 4,005,000 71102501 New Branch Library - Sixteen Mile CC - - - - 1,747,000-1,510,900 3,282,000 4,924,200-11,464,100 71102601 New Branch Library-Sixteen Mile CC Collection - - - - - - - - 2,032,000-2,032,000 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 51311001 Central Operations Land Expansion/Improvements 300,000 - - - - - - - - - 300,000 51312401 North Operations Depot Phase 2B - Roads and Works - - - - - 7,128,200 506,900-1,072,900 6,394,900 15,102,900 51312402 Central Operations Expansion/Renovation - - - - - - - - - 1,014,900 1,014,900 51312601 North Snow Disposal Site - - - - - - - - 2,000,000 2,000,000 4,000,000 51321704 Roads and Works Growth Equipment 388,000 388,000 382,900 704,000 518,000 678,900 352,900 488,000 332,900 442,900 4,676,500 Total Infrastructure Maintenance 688,000 388,000 382,900 704,000 518,000 7,807,100 859,800 488,000 3,405,800 9,852,700 25,094,300 Oakville Transit 54201705 New Shelters - - 45,100 80,000 80,000 80,000 80,000 80,000 80,000-525,100 54201901 North Oakville Transit Centres - - 218,000-218,000-218,000 - - - 654,000 54201902 Transit Park and Ride Facilities - - 108,900 108,900 108,900-108,900 - - - 435,600 54202101 Palermo Terminal 50,000 5,300,000 940,000 1,150,000 - - - - - - 7,440,000 54211901 Transit - 10 year forecast & 5 Year Plan - 200,000 - - - - 250,000 - - - 450,000 54411801 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 24,403,200 54411805 Specialized Vehicle Expansion 266,000 266,000 266,000 266,000 266,000 266,000 266,000 266,000 266,000 266,000 2,660,000 54412401 Supervisor Vehicle Expansion - - - - - - 75,100 - - - 75,100 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 17,341,000 228,966,400 41

Town of Oakville 2018 Capital Budget and 10 Year Financing Plan 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Total Growth Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast COMMUNITY DEVELOPMENT Infrastructure Planning 53111601 Transportation Master Plan Updates - 552,900 - - - - 552,900 - - - 1,105,800 53111801 Transportation Policy Review 100,000 - - - - - - - - - 100,000 53112001 Goods Movement Study - - - 82,000 - - - - 82,000-164,000 53112002 Transportation Implementation Plan and Monitoring - - - 56,000 - - - - 56,000-112,000 Study 53112101 Traffic Impact Assessment Guidelines Update - - - 55,100 - - - - - - 55,100 53112102 Travel Demand Management Studies - - - 213,100 - - - - - - 213,100 53310703 Kerr St Widening and Grade Separation (Speers to NSR- 4,600,000 - - - 7,155,000 20,032,000 20,032,000 - - - 51,819,000 N of QEW) 53311006 6th Line - Phase 1 4,900,000 - - - - - - - - - 4,900,000 53311410 Speers Rd - GO Station W of 3rd Line to 4th Line 7,084,000 - - - - - - - - - 7,084,000 53311502 North Service Road (1km East of Invicta to 8th Line) - 6,562,000 - - - - - - - - 6,562,000 53311508 Iroquois Shore (Eighth Line to Trafalgar Road) - - - - 1,400,000 4,430,000 - - - - 5,830,000 53311603 Cross Avenue - Argus to South Service Road - - - - - - - 500,000 5,860,000-6,360,000 53311604 Lakeshore Road West - East St to Third Line - - - 264,000 423,000 4,332,000 - - - - 5,019,000 53311606 Wyecroft Rd - East of Fourth Line to Weller - 380,000 1,463,000 5,660,000 - - - - - - 7,503,000 53311607 RWD Extension - Future WB Off Ramp to 8th Line - - - - - - 1,500,000 5,623,000 5,623,500-12,746,500 53311609 RWD Widening - Future WB Off Ramp to Ford Plant - - - - - - 1,500,000 6,405,000 6,405,000-14,310,000 (incl QEW structure) 53311610 RWD at SSR Intersection Improvements - - - - - - 50,000 835,100 - - 885,100 53311611 RWD/QEW Off Ramp - QEW to SSR Connection at Ford - - - - - - 1,000,000 2,786,000 2,786,000-6,572,000 Plant 53311701 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 20,383,100 53311705 Burloak Dr Grade Sep - Harvester to PW D - 27,000,000 27,000,000 - - - - - - - 54,000,000 53311713 Speers Road - Fourth Line to Dorval Drive 1,059,000-4,822,000 - - - - - - - 5,881,000 53311805 Speers - East of Dorval Dr to Kerr St - 139,900 1,110,000 2,139,000 - - - - - - 3,388,900 53311807 Signal Optimization Program 184,900 264,000 184,900 184,900 184,900 184,900 184,900 264,000 184,900 184,900 2,007,200 53311902 Speers Road - Procor to 3rd Line - - 3,004,000 - - - - - - - 3,004,000 53311903 Lakeshore Road West - Third to Sandwell Drive - 455,000 599,000 7,155,000 - - - - - - 8,209,000 53311907 QEW Eastbound On Ramp at RWD Interchange - - - - - - 300,000 1,997,000 1,996,000-4,293,000 53311908 QEW Westbound Off Ramp at RWD Interchange - - - - - - 300,000 2,394,000 2,394,000-5,088,000 53311911 Pedestrian Overpasses - - 10,624,000 - - - - - 720,000 180,000 11,524,000 53312002 Lakeshore Road West - Fourth Line to Sandwell - - 464,000 424,000 9,484,000 - - - - - 10,372,000 53312004 North Service Road - 3rd Line to 4th Line - - 101,000 433,000 263,000 7,130,000 - - - - 7,927,000 53312006 Wyecroft Rd - Sinclair Rd to Kerr St - - 224,000 3,575,000 - - - - - - 3,799,000 53312104 South Service Road - 3rd Line to 4th Line - - - 101,000 713,000 3,491,000-10,559,000 - - 14,864,000 53312107 Chartwell Road - 1 from South Service Rd - - - 153,000 261,000 942,000 4,043,000 - - - 5,399,000 53312108 Lakeshore Road West - Dorval Dr to Fourth Line 727,000 464,000 10,317,000 - - - - - - - 11,508,000 53312110 Sixth Line - Phase 2 - - - 19,874,000 - - - - - - 19,874,000 53312303 Lower Base Line (excluding valley section) - - - - - 353,000 1,521,000 6,998,000 - - 8,872,000 53312401 Wyecroft Road - 3rd Line to Bronte Road - - - - - - 542,000 2,975,000 9,170,000-12,687,000 53312701 Sixth Line - Phase 3 - - - - - - - - - 12,004,000 12,004,000 53341701 Active Transportation Initiatives 153,000 597,000 450,000 475,000 470,000 475,000 450,000 495,000 450,000 490,000 4,505,000 53341702 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 20,117,000 53341901 Active Transportation Studies - 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 900,000 53371803 Environmental Studies and Monitoring 40,000-40,000-40,000-40,000-40,000-200,000 53411801 Traffic Signal Construction Program 200,000 720,000 720,000 720,000 720,000 720,000 720,000 720,000 720,000 720,000 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 18,074,900 388,826,800 42

Town of Oakville 2018 Capital Budget and 10 Year Financing Plan 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Total Growth Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Parking 53511802 Kerr Village Lot 69,000 - - - - - - - - - 69,000 53511901 Downtown Oakville Lot - 77,000 - - - - - - - - 77,000 53511902 Parking Demand Study-North Oakville and Uptown - 200,000 - - - - 150,000 - - - 350,000 53511903 Town wide Parking Strategy - 200,000 - - - - - - - - 200,000 53512101 Parking Demand Study - - - 130,000 - - - - 130,000-260,000 53512301 Mid-town Parking - - - - - 305,000 - - - - 305,000 53512401 Downtown Parking Facility - - - - - - 1,500,000 - - - 1,500,000 53522002 On Street Paid Parking Program-Expansion - - 45,000 45,000 45,000 45,000 - - - - 180,000 53522003 Expansion to Parking Fleet (Enforcement) - - 32,000 - - - - - - - 32,000 Total Parking 69,000 477,000 77,000 175,000 45,000 350,000 1,650,000-130,000-2,973,000 Planning Services 63101501 Official Plan/ Prov. Conformity Review 51,000 100,000 100,000 200,000 - - - - 100,000 100,000 651,000 63101604 Urban Design Guidelines 100,000 - - - 100,000 100,000 - - - - 300,000 63101701 Zoning Review - 100,000 100,000-100,000 100,000 100,000 - - - 500,000 63101703 Special Planning Projects/Studies 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 500,000 Total Planning Services 201,000 250,000 250,000 250,000 250,000 250,000 150,000 50,000 150,000 150,000 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 18,224,900 393,750,800 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 35,647,900 623,897,200 43

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 $8.4 million (16.9%). 2018-2027 Strategic Priorities by Program ($ 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

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 52271702 EAB Management Program $ 3.7 $ 20.6 All 10 Corporate Initiatives 21101101 Web Based Services $ 0.3 $ 4.7 All 10 Infrastructure Planning 53311806 Khalsa Gate Streetscape - Pine Glen to Cul-de-Sac $ 0.2 $ 3.3 2018-2020 Emergency Services 43301613 Fire Station #3 - Demolition $ 0.0 $ 2.7 2019 Infrastructure Planning 53312005 Khalsa Gate Streetscape - Dundas St to Pine Glen $ 0.0 $ 2.7 2020-2022 Oakville Public Library 71101804 Glen Abbey Creation Hub and Renovation $ 2.4 $ 2.4 2018 FCM 42101614 Accessibility Improvements $ 0.1 $ 2.0 All 10 Infrastructure Planning 53411703 New Traffic Calming Program $ 0.2 $ 1.7 All 10 Parks and Open Space 52211810 Sportfields Conversions $ 0.0 $ 1.6 2019, 2021 Information Systems 36101712 Corporate Document Management $ 0.2 $ 1.5 All 10 Total $ 7.1 $ 43.3 45

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

Town of Oakville 2018 Capital Budget and 10 Year Financing Plan 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Total Strategic Priorities Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast CORPORATE INITIATIVES 21101101 Web Based Services 310,000 493,000 493,000 493,000 493,000 493,000 493,000 493,000 493,000 493,000 4,747,000 Total CORPORATE INITIATIVES 310,000 493,000 493,000 493,000 493,000 493,000 493,000 493,000 493,000 493,000 4,747,000 CORPORATE SERVICES Facilities and Construction Management 42101614 Accessibility Improvements 106,000 211,000 211,000 211,000 211,000 211,000 211,000 211,000 211,000 211,000 2,005,000 Total Facilities and Construction Management 106,000 211,000 211,000 211,000 211,000 211,000 211,000 211,000 211,000 211,000 2,005,000 Information Systems 36101509 PCI Certification Project 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 400,000 36101712 Corporate Document Management 201,000 101,000 101,000 101,000 302,000 101,000 101,000 302,000 101,000 101,000 1,512,000 36101715 Share Point Enhancements 126,000 50,000 50,000 126,000 50,000 50,000 50,000 50,000 50,000 50,000 652,000 36101718 Point of Sale Terminals Expansion and Refresh 50,000 20,000 20,000 20,000-20,000 20,000-20,000-170,000 63101401 AMANDA Public Portal 151,000 - - 226,000 - - - - 226,000-603,000 Total Information Systems 568,000 211,000 211,000 513,000 392,000 211,000 211,000 392,000 437,000 191,000 3,337,000 Total CORPORATE SERVICES 674,000 422,000 422,000 724,000 603,000 422,000 422,000 603,000 648,000 402,000 5,342,000 COMMUNITY SERVICES Parks and Open Space 52211606 WOSS Field and Washroom Rehabilitation 624,000 - - - - - - - - - 624,000 52211810 Sportfields Conversions - 780,000-780,000 - - - - - - 1,560,000 52211812 Wallace Park Utilization Study 50,000 - - - - - - - - - 50,000 52271702 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 20,608,000 52271802 Gypsy Moth Aerial Spray Program 205,000 - - - - - - - - - 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 43301613 Fire Station #3 - Demolition - 2,742,000 - - - - - - - - 2,742,000 Total Emergency Services - 2,742,000 - - - - - - - - 2,742,000 Recreation and Culture 21102101 Centennial Pool - Demolition Costs - 105,000-210,000 433,000 - - - - - 748,000 46651801 GA Fitness Expansion Study - - 90,000 - - - - - - - 90,000 Total Recreation and Culture - 105,000 90,000 210,000 433,000 - - - - - 838,000 Oakville Public Library 71101403 OPL Website Refresh to Town Standards 150,000 - - - - - - - - - 150,000 71101804 Glen Abbey Creation Hub and Renovation 2,433,000 - - - - - - - - - 2,433,000 71101810 Central - One Desk conversion 50,000 - - - - - - - - - 50,000 71102203 Library Creation Hub (Location TBD) - - - - 800,000 - - - - - 800,000 Total Oakville Public Library 2,633,000 - - - 800,000 - - - - - 3,433,000 Infrastructure Maintenance 51311501 Winter Operations - Salt/Plow Route Optimization 50,000 - - - - - - - - - 50,000 Total Infrastructure Maintenance 50,000 - - - - - - - - - 50,000 Oakville Transit 54211703 Bus Stop Accessibility Improvements - - 40,000 40,000 40,000 40,000 40,000 40,000 40,000-280,000 Total Oakville Transit - - 40,000 40,000 40,000 40,000 40,000 40,000 40,000-280,000 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

Town of Oakville 2018 Capital Budget and 10 Year Financing Plan 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Total Strategic Priorities Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast COMMUNITY DEVELOPMENT Infrastructure Planning 53311806 Khalsa Gate Streetscape - Pine Glen to Cul-de-Sac 187,000 152,000 3,004,000 - - - - - - - 3,343,000 53312005 Khalsa Gate Streetscape - Dundas St to Pine Glen - - 135,000 102,000 2,419,000 - - - - - 2,656,000 53312402 6th Line Northbound Turn Lane at Miller Road - - - - - - 84,000 344,000 - - 428,000 53321801 Transit Layby Lane - McCraney Street 15,000 95,000 - - - - - - - - 110,000 53411703 New Traffic Calming Program 183,000 158,000 158,000 158,000 158,000 158,000 158,000 190,000 190,000 158,000 1,669,000 53411803 Flashing 40kmh Zone Sign Program 204,000 - - - - - - - - - 204,000 Total Infrastructure Planning 589,000 405,000 3,297,000 260,000 2,577,000 158,000 242,000 534,000 190,000 158,000 8,410,000 Environmental Policy 22101604 Biodiversity (Natural Heritage System) Strategy 50,000 - - - - - - - - - 50,000 22101701 Energy Management System Solution 101,000 101,000 101,000 101,000 101,000 - - - - - 505,000 22101801 Integrated Community Sustainability Plan - 50,000 - - - - - - - - 50,000 22102101 Environmental Strategic Plan (ESP) Update - - - - 101,000 - - - - 101,000 202,000 Total Environmental Policy 151,000 151,000 101,000 101,000 202,000 - - - - 101,000 807,000 Dev Eng/Economic Dev 65101701 Economic Development Strategy Update 25,000 - - - - 50,000 - - - - 75,000 Total Dev Eng/Economic Dev 25,000 - - - - 50,000 - - - - 75,000 Total COMMUNITY DEVELOPMENT 765,000 556,000 3,398,000 361,000 2,779,000 208,000 242,000 534,000 190,000 259,000 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

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 $39.8 million, of which a breakdown by program is provided below. 2018-2027 Community Enhancements by Program ($ Millions) The largest 2018 capital project is to complete construction for the Trafalgar Park Revitalization at $21.1 million. 49

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 46601701 South East Community Centre $ 16.4 $ 44.6 2018-2020 Recreation and Culture 46311301 Trafalgar Park Revitalization $ 21.1 $ 21.1 2018 Parks and Open Space 52212007 Wallace Park Redevelopment $ 0.0 $ 2.4 2020-2021 Parks and Open Space 52211903 South East Neighbourhood Park $ 0.6 $ 2.0 2018-2020 Parks and Open Space 52241602 Waterfront Trail Improvement - Tannery Waterworks $ 1.2 $ 1.2 2018 Parks and Open Space 52212003 Splash Pad - Lawson Park $ 0.0 $ 0.4 2020-2021 Parks and Open Space 52211704 Splash Pad - College Park area $ 0.4 $ 0.4 2018 Parks and Open Space 52211805 Clearview Creek Trail $ 0.0 $ 0.3 2019 Parks and Open Space 52211815 Glenashton Park Bocce Court $ 0.1 $ 0.1 2018 Parks and Open Space 52231801 Concrete Pads for Accessible Portable Toilets $ 0.1 $ 0.1 2018 Total $ 39.8 $ 72.4 50

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

Town of Oakville 2018 Capital Budget and 10 Year Financing Plan Community Enhancements 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Total Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast COMMUNITY SERVICES Parks and Open Space 52211704 Splash Pad - College Park area 364,000 - - - - - - - - - 364,000 52211804 Avonhead Ridge Trail Extension 36,000 - - - - - - - - - 36,000 52211805 Clearview Creek Trail - 260,000 - - - - - - - - 260,000 52211815 Glenashton Park Bocce Court 77,000 - - - - - - - - - 77,000 52211903 South East Neighbourhood Park 600,000 137,000 1,233,000 - - - - - - - 1,970,000 52212003 Splash Pad - Lawson Park - - 52,000 364,000 - - - - - - 416,000 52212007 Wallace Park Redevelopment - - 125,000 2,225,000 - - - - - - 2,350,000 52231801 Concrete Pads for Accessible Portable Toilets 65,000 - - - - - - - - - 65,000 52241602 Waterfront Trail Improvement - Tannery Waterworks 1,196,000 - - - - - - - - - 1,196,000 Total Parks and Open Space 2,338,000 397,000 1,410,000 2,589,000 - - - - - - 6,734,000 Recreation and Culture 46311301 Trafalgar Park Revitalization 21,100,000 - - - - - - - - - 21,100,000 46601701 South East Community Centre 16,386,300 18,840,000 9,354,000 - - - - - - - 44,580,300 Total Recreation and Culture 37,486,300 18,840,000 9,354,000 - - - - - - - 65,680,300 Total COMMUNITY SERVICES 39,824,300 19,237,000 10,764,000 2,589,000 - - - - - - 72,414,300 GRAND TOTAL 39,824,300 19,237,000 10,764,000 2,589,000 - - - - - - 72,414,300 52

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 $3.7 million to rehabilitate seawall infrastructure. 2018-2027 Enterprise Initiatives by Program ($ 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

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 52901802 Bronte Outer Harbour Dockage $ 3.9 $ 3.9 2018 Harbours 52212001 Seawall Rehab. - Bronte Harbour North Wall $ - $ 2.0 2020-2021 Harbours 52211603 Seawall Rehabilitation - Oakville Harbour $ 1.2 $ 1.2 2018 Harbours 52901702 Annual Dockage/Property $ 0.1 $ 1.0 All 10 Harbours 52901803 Harbours Equipment Replacement $ 0.0 $ 0.9 All 10 Harbours 52901703 Oakville Harbour Dredging $ - $ 0.7 2022, 2026 Harbours 52901801 Bronte Harbour Dredging $ - $ 0.7 2019, 2023 Parking 53521602 Replacement of on Street Parking Equipment $ 0.0 $ 0.7 All 10 Parking 53511601 Parking Garage - Rehab - FCM $ - $ 0.5 2019-2022, 2026 Harbours 52211801 Seawall Installation - Berta Point - Bronte Harbour $ 0.1 $ 0.5 2018-2019 Parking 53511605 Lot Maintenance and Repair $ 0.1 $ 0.5 All 10 Cemeteries 52711801 TLC North Cemetery Lands Development $ - $ 0.4 2019, 2022 Total $ 5.4 $ 12.9 54

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