Reid Street Revitalization Project – Award of Contract
In the 2018 Capital Budget, a total of $6,136,000 was approved for the rebuild of the 200, 300, 400 blocks of Reid Street including Barlow Avenue from Front Street to the lane between Reid and McLean Street. This work includes water main and service line replacement, storm drainage improvements, street lighting, furnishings (benches/bike racks/waste receptacles), sidewalk, curb/gutter and asphalt replacement.
During the design and tendering process, the City was approached by the Ministry of Transportation (MoTI) to complete additional works on Carson Avenue. The additional works was included in the project total tender submission with the City to be reimbursed by MoTI for the Carson Avenue additional works.
There were three bids received for the Reid Street Revitalization Project. Council approved awarding the General Contract for the Reid Street Revitalization Project to Eagle Rock Construction Ltd. for $4,788,870, plus applicable taxes. This approval is conditional on a letter of agreement being signed with the Ministry of Transportation and Infrastructure (MoTI) to reimburse the City of Quesnel the actual cost of work for completing the MoTI portion of additional works on Carson Avenue.
2017 General Surplus Report
The City’s 2017 general surplus is $437,047. This surplus is after $93,593 of leftover snow budget from 2017 had been allocated to the snow reserve. At this point in 2018, the City has already used 100% of the 2018 snow budget so funds from the snow reserve will be required in 2018. There is currently $269,221 in the snow reserve. Council approved the $437,047 surplus to be allocated to the following Reserve Accounts: $200,000 to the Equipment Reserve Fund and $237,047 to the Capital Reinvestment Reserve.
2017 Final Capital Report and Reserves Balances Report
Council was provided with a summary of the final 2017 capital costs and the 2017 reserves balances. The capital costs outline which 2017 capital projects were completed, and which projects have been carried-over into 2018. The reserves summary shows the 2017 reserves year end balances and estimated balances for the 2018 year-end based on the 2018 budget.
2017 Statement of Financial Information
Council approved the City’s 2017 Statement of Financial Information (SOFI) that lists Council remuneration, benefits, expenses and contracts. SOFI also outlines City Staff remuneration over $75,000, Schedule of Goods and Services over $25,000, and Severance Agreements paid.