“Let’s just say we had a $10 million project,” Nobes said. “The province would provide 90 per cent of that through the funding, and the municipality would need to provide the balance. If there are cost overruns, the municipality would need to absorb those.” “There are risks that the project proceeds, but the development doesn’t actually happen,” Nobes said. At the same time, he argued the program could provide certainty for projects that might otherwise depend on future development charge revenues. “There 1/8are3/8 some potential
big wins here in securing guaranteed funding, which otherwise, if we were paying for projects solely through development charges, we might not get,” he said. Council members also discussed the pace of the program rollout. Applications opened June 1 and close June 19, leaving municipalities less than three weeks to evaluate participation, identify eligible projects, and prepare submissions. “A lot of municipalities are grappling with this 19-day window and a lot of questions,” Nobes said, adding that he would not be surprised if the government
ultimately extended the deadline.
Napanee, infrastructure funding, province, municipality, June 1, June 19, development charges, cost overruns
19 days is nothing lol, they want you to do magic with paperwork.
So the province pays 90% and Napanee eats the overruns… sounds like a trap. I’m all for infrastructure but if it goes over budget how is that not just dumping costs on taxpayers.
Wait development charges are involved right? So if they don’t get the funding then it’s like the city can’t even build stuff until later? Kinda feel like this is just politics with dates like June 1 and June 19.
Honestly I think these deadlines are always a setup so they can say “see no one applied” later. If cost overruns are on the municipality, why would they risk it? Also $10 million project sounds big but who even knows what “eligible projects” means, half the time it’s just vague until it’s too late.