You have to look very, very carefully to find this gem in last Monday’s council agenda.
We’ll help you out. It’s on Page 65. A warning from the city’s director of finance, David Aristone.
“The various reserve balance are adequate in the short term,” advised Aristone in his 2016 year-end update to council. “However, for the longer term, the city is financially exposed in the following areas.
Aristone lists four areas with the final being “future retirement payouts for the fire department.”
No amount is listed, but we confirmed with human resources director Graham Dart the amount at the end of 2016 was approximately $1.3 million.
A tidy sum, that. And what is the $1.3 million earmarked for?
Pending council approval, the city will proceed with design work for Phase 2 of Talbot Street redevelopment.
With successful completion of the initial phase last summer – at a cost of $3.2 million – the plan is to move east and begin work on that stretch of the roadway between Pearl and Mary streets.
Survey work will begin in the near future and include locates of existing utilities, a process that should entail little in the way of disruption to pedestrian or vehicular traffic.
This second phase will continue the success of the streetscape theme undertaken last year, advised David Jackson, the city’s manager of public works.
“The aesthetics of the street will be enhanced, a pedestrian friendly zone will be prioritized, and the majority of existing parking spaces will be maintained,” wrote Jackson in a release.
The project will include replacement of the sanitary sewer, watermain, utilities, road, sidewalk, and streetlights.
As was the case last spring and summer, Talbot Street will be closed to vehicular traffic in a phased fashion.
The construction will “include tight schedule deadlines and financial penalties to ensure it is completed as quickly as possible,” stressed Jackson.
Pedestrian access will more or less be maintained, with minor disruptions.
While no date has yet been established, Jackson advised a public meeting will be held in late 2017 where residents and business owners will have an opportunity to review the plans and learn more about construction timing and impacts.
Questions and comments may be emailed to
: City Scope