Title
2019 Updated Five Year Routine Capital Plans (2015-2019) and Major Capital Plan (2019-2023)
Recommendation
1) a) That the Capital Region Housing Corporation 2019 updated Umbrella Operating Agreement Five Year Capital Plan 2015-2019 be received;
b) That staff be authorized to implement the Umbrella Operating Agreement 2019 capital plan; and
c) That the 2019 transfer of funds of $1,056,980 from the Umbrella Operating Agreement Portfolio Stabilization Reserve to the Capital Replacement Reserve Fund be approved.
2) a) That the Independent Living BC (ILBC) Operating Agreement (Parry Place) 2019 updated Five Year Capital Plan 2015-2019 be received; and
b) That staff be authorized to implement the ILBC Operating Agreement (Parry Place) 2019 capital plan year.
3) a) That the No Operating Agreement Portfolio 2019 updated Five Year Capital Plan 2015-2019 be received; and
b) That staff be authorized to implement the No Operating Agreement Portfolio 2019 capital plan year.
4) a) That the 2019-2023 Major Capital Plan be approved; and
b) That the General Manager, Planning & Protective Services be authorized to apply to BC Housing for the pre-development repayable loan for Drake Road.