STEVESTON HIGHWAY MULTI-USE PATHWAY PROJECT PHASES 1 AND 2 – UPDATE

Option 1 is to amend the budget for the Steveston Multi Use Pathway, Phases 1 and 2 capital projects to address the budget shortfall of $2.49 million. The budget increase encompasses all tendered and estimated costs provided through a competitive procurement process. Staff have engaged with TransLink to seek additional funding for this project, however, TransLink has advised additional cost sharing for this project is not available. Award of construction contract for Phase 1 and Phase 2 of this project would proceed immediately following Council approval of the budget increase. Ongoing consultation will occur during the construction phase of the project through notification to all impacted stakeholders and abutting property owners prior to commencement of construction activity and ongoing communication to address any comments or questions raised regarding the construction process. The additional funding required to cover the anticipated costs for the project are available in the Roads DCC ($2,341,845) uncommitted balance and Capital Reserve-Revolving Fund ($149,400). Should Council endorse this option, the Consolidated 5 Year Financial Plan (2023-2027) will be amended accordingly.

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