CAMBIE ROAD AND NO. 5 ROAD INTERSECTION UPGRADE, NO. 2 ROAD MULTI-USE PATHWAY AND ACTIVE TRANSPORTATION IMPROVEMENT PROGRAM 2022 – PROJECT UPDATE

April 24, 2024 - 5 - Pedestrian lighting would not be provided along this MUP and the deteriorated surface would not be repaired. The additional external funds secured, in addition to the previously approved budget amounts, provide sufficient funding to complete these projects. Amending the budgets to fully utilize the secured grants will allow the projects to be completed as intended with no impact to City funding. Staff recommend that project budgets be increased to reflect the additional grants secured. If project budgets are not increased to utilize the secured grants, there would be insufficient funding to complete the projects. The projects would not proceed and roadways will be left in their current conditions. Any external funding secured for these projects would be lost. Financial Impact Staff recommend that an increase to the capital projects' budgets, funded by external contributions with no additional City funding required, in the amounts as outlined in Table 2 be approved, and that the Consolidated 5 Year Financial Plan (2024-2028) be amended accordingly. Table 2: Financial Impact Summary Active Cambia Road and Transportation No. 5 Road No. 2 Road Multi- Improvements Intersection Use Pathway Program 2022 Project Upgrade (CR00101) (CT00034) (CR00138) Approved Budget $2,760,000 $2,400,000 $750,000 Additional External $690,000

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