PFC2014-0511

That the Priorities and Finance Committee Recommendations contained in Report PFC2014-0511 be adopted, as follows: That Council: 1. Approve capital budget appropriations for 2014 in program 895-329 Wastewater Trunks Lift Station ($9.1 million) and 897-356 Stormwater Infrastructure for New Development ($9.5 million) financed by self supported debt; 2. Approve exceeding the Drainage debt servicing limit of 40 percent of revenues from 2015 to 2018, to a maximum of 48 percent for the sole purpose of entering into a Construction Finance Agreement associated with the Northpoint Residential Funding and Financing Proposal; 3. Give first, second and third reading to the proposed Bylaw 9B2014 for interim debt; and 4. Give first reading to the proposed Bylaw 10B2014 for long term debt.