City of Calgary Funding for the Green Line Counci NM201533.Pdf

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City of Calgary Funding for the Green Line Counci NM201533.Pdf

THE CITY OF NM2015-33 CALGARY REMIVED CITY CLERK'S OFFICE 2015 OEC —2 PM I: lii 11-1E CITY OF CALGARY NOTICE66•()foclyipTION CITY CLERK'S RE: City of Calgary funding for the Green Line LRT Councillors Shane Keating, Gian-Carlo Carra, Evan Woolley, Druh Farrell, Sean Chu, Jim Stevenson, Mayor Naheed Nenshi, Peter Demong, Diane Colley-Urquhart, Brian Pincott WHEREAS typical Canadian Federal infrastructure funding models for large municipal infrastructure projects require each order of government to contribute one-third of the total project costs; AND WHEREAS the Federal Government has already pledged one-third of the estimated project costs through the Public Transit Fund; AND WHEREAS Council's current Green Line funding commitment is $52 million annually for a ten year period for a total of $520 million; AND WHEREAS after the 10 year commitment expires the $52 million will revert back to general revenues; AND WHEREAS the Green Line team will soon begin the downtown and north-central segments; AND WHEREAS public engagement, planning and preliminary design will continue along the rest of the Green Line and will further clarify the needs for a full funding commitment; AND WHEREAS a full build out of the Green Line LRT would service over 290,000 Calgarians living in the catchment area, reduce city wide congestion by the equivalent of 8-14 lanes of traffic into downtown, take 35,000 vehicles off the road daily and reduce total vehicle kilometers travelled by at least 450,000 KM daily from opening day onward; AND WHEREAS funding the Green Line is an opportunity for the City of Calgary to make the largest investment in public transit infrastructure in Calgary (and Alberta's) history; THEREFORE BE IT RESOLVED that Council's current Green Line funding commitment of $52 million annually for a ten year period be extended to a period of thirty years to create a total funding commitment of $1.56 billion; AND FURTHER BE IT RESOLVED that the commitment of City of Calgary funding take effect once the Government of Alberta confirms their support for the Green Line LRT. dee‘-\ ck ‘A ISC: Protected .

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