Budget Review Committee of the Whole

That clause 2 BE AMENDED to read as follows: 1. That an incremental transfer to the Capital Levy Reserve of $4,053,006 $8,754,500 or 1.00% 2.16% of the levy, BE CONSIDERED for the 2022 Operating budget. Budget Review Committee of the Whole Open Session Minutes BRCOTW 4-2021 October 7, 2021 Page 4

That Report CSD 64-2021, dated October 7, 2021, respecting Project Budget Approval for Reconstruction of Regional Road 98 (Montrose Road) between Regional Road 49 (McLeod Road) and Regional Road 47 (Lyons Creek Road) in the City of Niagara Falls, BE RECEIVED and the following recommendations BE APPROVED: 1. That the Reconstruction of Regional Road 98 (Montrose Road) between Regional Road 49 (McLeod Road) and Regional Road 47 (Lyons Creek Road) Project, included in the 2022 Capital Budget in the amount of $31,532,100 Gross and $3,819,045 Net, BE APPROVED and INITIATED in advance of Council approval of the consolidated 2022 Capital Budget by-law, and that the project BE FUNDED as follows:  Debenture - $3,819,045  Development Charges - $21,641,255  Municipal Cost Share - $6,071,800 2. That the necessary by-laws BE PREPARED and PRESENTED to Council; and Budget Review Committee of the Whole Open Session Minutes BRCOTW 4-2021 October 7, 2021 Page 6 3. That Council AUTHORIZE the Commissioner of Public Works to execute an amendment to the Engineering Agreement between Niagara Region and Parsons Inc. for a revised total value of $1,628,309.66 (including 13% HST).