SOUTH ARM COMMUNITY PARK PLAYGROUND CONTRIBUTION

The Association's contribution would extend the capital budget beyond the threshold that the Chief Administrative Officer and Financial Officer can approve, which is "the lesser of: (a) $500,000, or; (b) 5 per cent of the original construction management capital project that was approved in the City's Capital Budget." As per Budget Amendments Policy 3001, Council approval is required to increase the capital budget to reflect the Association's contribution.

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