u,
¥

2,
ee
Aas

¥
Miles ean)
made a t, Oy ei 4 Fi
a patiase| 2 % ; pst

THE CORPORATION OF THE
CITY OF PORT COQUITLAM

MEMORANDUM

J. Maitland DATE: May 25, 1994
Acting City Administrator

I.R. Zahynacz, P. Eng.,
City Engineer

J. Taylor
Parks and Recreation Director

SUBJECT: WILSON AVENUE RECONSTRUCTION - REEVE ST. TO 90 M. WEST
(Pablic Works Committee and Parks Committee - May 24, 1994)

That Council approve the reconstruction of Wilson Avenue from Reeve Street to
approximately 90 metres west at an estimated cost of $60,000 as part of the Reeve
Street reconstruction project.

That $60,000 be allocated from the Land Sale Reserve fund for this purpose.

The Reeve Street Reconstruction project will be going to tender in approximately three weeks.

At present Wilson Avenue between Reeve Street and the new Reeve Street Park parking lot is in
very poor condition and it is estimated to cost $2,000 - $3,000 for repairs to the shoulder and
temporary patching. The lots directly north of this portion of Wilson Avenue are owned by the
City and eventually are to be sold. Rather than spending money to temporarily patch this portion
of Wilson Avenue, it is recommended that Wilson Avenue be reconstructed complete with
curbs, gutters, sidewalks and streetlighting at an estimated cost of $60,000. Further cost savings
coyle ade by including Wilson Avenue in the Reeve Street contract. - oe

| | - Beck,

| , : _ LR. Zahynacz, P. Eng.
arks and Recreation Director - Pina ’ City Engineer

IRZ:cd
Attachments .

Treasurer's Comments:

_ Bach additional withdrawal from our Tax Sale Reserve reduces the balance available for other
projects. The existing balance inour reserve is not sufficient without additional land sales to
enable any further projects (ie Lougheed Connector/Police Station) to proceed. Short term
borrowing may be required if we are wanting to proceed with these projects. Other alternatives
for funding this project would include reshuffling 1994 Public Works Capital and may be

_ preferable to depleting our Tax Sale Reserve. - | : | ne

In short, uncommitted funds are not available in the Tax Sale Reserve for this project at this

time. Attached is a projection of the balance in our Tax Sale Reserve. , me ;