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RFD- 3057 Bylaws   Item #   10. k.    
Regular Council Meeting Agenda
Meeting Date: 07/17/2017  
Title:    C-1003-17 - Second and Third Reading - Repealing of Beaverbrook Wellness Centre Lease Bylaw - Goodwin
Department: Corporate Services  
Strategic Vision Element: n/a Related Goal: n/a

Information
Request for Decision Summary
This report provides information about the repealing of the Beaverbrook Wellness Centre Lease bylaw. The final lease agreement includes significantly less financial commitment than first expected so the approval no longer requires a bylaw.

Proposed Motion
That second reading be given to Bylaw C-1003-17 - Repealing of Beaverbrook Wellness Centre Lease Bylaw.

That third reading be given to Bylaw C-1003-17 - Repealing of Beaverbrook Wellness Centre Lease Bylaw.
Background/Analysis

Beaverbrook Communities entered into a partnership between the YMCA, the City of Spruce Grove and Parkland School Division to develop a community wellness centre in the community of Prescott. The centre provides residents with daycare and family support services.

Beaverbrook requested a 30 year lease agreement which constituted a capital lease that required bylaw approval. The final agreement was for a 15 year lease which is not considered a capital lease and does not require bylaw approval.

Options/Alternatives
NA
Consultation/Engagement

When Bylaw C-956-16 was presented for consideration, it was noted that the lease agreement for the Wellness Centre could have been categorized as either an operating or capital lease. The categorization is a matter of interpreting quantitative and qualitative considerations as they apply to the overall financial arrangements, building cost and lease agreement.

Administration has reviewed the lease agreement and bylaw in consultation with legal counsel and the City Auditors. The terms of the final agreement do not constitute a capital lease and bylaw approval is not needed.

Implementation/Communication
NA
Impacts
Repealing the bylaw is a housekeeping matter to prevent future misunderstanding about a bylaw with no application.

There is no impact to the community or parties to the lease agreement.

Fiscal Impact
Financial Implications:
Since the Wellness Centre lease is not considered a capital lease it is not included in the provincial debt limit calculations.
Attachments
Repealing Wellness Centre Lease Bylaw
Wellness Centre Lease Bylaw

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