NEW CAPSTAN VILLAGE NEIGHBOURHOOD PARK PUBLIC ART WORK TERMS OF REFERENCE

Council approval is requested to increase the 2024 Public Art operating budget by $216,925 for the new Capstan Village Neighbourhood Park public artwork funded by developer contributions into the Public Art Program reserve. If approved, the Consolidated 5 Year Financial Plan (2024- 2028) will be amended accordingly. The amount allocated for the artwork is $175,650. The artwork budget covers all costs associated with the creation of the aiiwork, including artist fee, artwork design, fabrication and installation. Polygon Talistar will be responsible for all base costs of the pavilion structure and concrete circular pathway. Any maintenance and repairs required for the artwork will be the responsibility of the Public Art Program and will be included as paii of the estimated Operational Budget Impact (OBI) when the artist concept is presented to Council for approval.

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