That Council approve the recommendations outlined in Report FCSFS25-022, dated September 15, 2025 of the Commissioner of Finance and Corporate Support Services as follows:
a) That the June 30, 2025 Quarterly Financial Update Report (Unaudited) attached as Appendix A to Report FCSFS25-022, dated September 15, 2025, be received;
b) That the 1190 Hillard Street Affordable Housing Project (Q#25-077) budget be reduced by $880,000 Building Faster Funds for a total approved budget of $2,600,000.
c) That the Brealey Dr.–Lansdowne St. to Sherbrooke St. (Q #15189) project budget exchange $880,000 Canada Community Building Funds with Building Faster Funds and transfer the surplus $880,000 back to the Canada Community Building Fund reserve;
d) That the Towerhill Road and Fairbairn Street Intersection project be created and funded as follows and further detailed in Chart 3 of Report FCSFS25-022
i. $3,056,500 be transferred from Lily Lake Area Development Networks Improvement project (2025 Capital Budget Questica #20-066);
ii. $3,750,000 provincial Housing Enabling Core Services (HECS) grant; and
iii. $1,993,500 be pre-committed through the 2026 budget
e) That Lily Lake Area Development Networks Improvement (2025 Capital Budget Questica #20-066) budget be further reduced by $906,000 Development Charge Debt-Roads and Related funding, leaving a total remaining budget of $400,000;
f) That By-laws 21-139, 23-013 and 25-024 being by-laws to debenture the Lily Lake Network Improvement project be repealed and replaced as per the amended budgets resulting from Recommendations (d) and (e) and further detailed in Chart 3 of Report FCSFS25-022.