City of Surrey Financial Plan 2020-2024

CAPITAL PROGRAM RANKED CAPITAL PROJECTS

Ranked Capital Projects include large-scale capital projects such as recreation facilities, arenas, sports fields and parks construction and upgrade initiatives. These projects are funded by various sources including contributions from Operating Funds, City Reserves, and Internal Borrowing. Additional Internal Borrowing is required in 2020 for the Clayton Community Centre and YMCA Agreement. No further debt funding is proposed thereafter for any capital projects. The following table documents the Ranked Capital Projects’ funding requirements for 2020.

PROPOSED RANKED CAPITAL PROJECTS (in thousands)

2020

Cloverdale Sport & Ice Complex

$50

Joe Brown Park

$100

Kabaddi Facility

$250

Artificial Turf Replacement - Hjorth Road Park

$800

Newton Urban Park

$1,000

Nicomekl Riverfront Park

$1,200

Newton Athletic Park—Fieldhouse Expansion & Renovation

$2,000

Clayton Community Centre

$3,300

District Energy System

$3,400

YMCA Agreement

$7,150

Surrey Police Department Capital & Transition Requirements

$25,200

The pages that follow provide a detailed description for each of the above Ranked Capital Projects.

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