That the Corporate and Finance Services Committee recommend to City Council:
Whereas the Province of Ontario has a funding opportunity through the Community Sport and Recreation Infrastructure Fund which will invest $200 million to revitalize existing recreation buildings as well as build new facilities; and,
Whereas the Community Sport and Recreation Infrastructure Fund has two streams of funding; and,
Whereas Stream 1 is focused on repairing and upgrading existing sports and recreation infrastructure to better meet the community’s needs; and,
Whereas the Civic Stadium Track is reaching the end of its expected lifecycle. The track coating has started to delaminate in one of the lanes, creating a health and safety hazard. In order to maintain a full 8 lanes, resurfacing of the track will be required; and,
Whereas the estimated cost for the Track Replacement is $2 million; and,
Whereas the Community Sport and Recreation Infrastructure Fund – Stream 1 will fund projects up to 50% of eligible costs ranging from $150,000 to $1 million; and,
Whereas the Community Sport and Recreation Infrastructure Fund – Stream 1 requires municipalities to seek endorsement from Council;
Therefore be it resolved that based on CF-24-63, dated October 7, 2024, the Civic Stadium Track Replacement project be endorsed for the grant submission to the Community Sport and Recreation Infrastructure Fund – Stream 1 program.