City of Surrey's 2021 - 2025 Financial Plan

RANKED CAPITAL PROJECTS

Ranked Capital Projects include large-scale capital projects such as recreation facilities, arenas, sports fields, parks construction and upgrades, and arts & culture amenities. These projects are funded by various sources including External Borrowing, contributions from General Operating, Community Amenity Contributions, External Contributions (Grants), City Reserves, and B.C. Gaming Revenue. During the 2021 - 2025 Financial Plan, $150.6M in External Borrowing, accessed through the Municipal Finance Authority of BC’s (MFA) Long-Term Borrowing program, is required for three major projects. These are the Newton Community Centre & Land Acquisition, City Centre Sports Complex, and the Cloverdale Sport and Ice Complex (commencing in 2022). The table below documents the Ranked Capital Projects funding requirements for 2021.

PROPOSED RANKED CAPITAL PROJECTS (in thousands) Newton Community Centre & Land Acquisition

2021

$90,000 $40,000 $23,084 $6,100 $6,000 $4,400 $2,000 $2,000 $1,750 $1,600 $1,000

City Centre Sports Complex - Phase 1 (Phase 2 Design - 2024) Surrey Police Service Capital & Transition Requirements Bear Creek Park Athletics Centre (Total $21.0M) SSAP Track Replacement & New Artificial Turf Field

Newton Turf & Washroom/Changeroom

Artificial Turf Field Replacements at Five Locations

Indigenous Carving Centres Kabaddi Facility (Total $3.7M)

Nicomekl Riverfront Park (Total $16.1M) Newton Athletic Park Walking Track

NCP Funded Park Projects

$900 $800 $750 $600 $500 $200 $150 $100

Sunnyside Reservoir Pickleball and Bike Park

New Park Washrooms

Biodiversity Preserve Park Improvements

Trail & Path Development Outdoor Volleyball Courts

New Park Shelters

Crescent Park Studio/Building Renovation

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

City of Surrey | 2021—2025 Financial Plan | Capital Program

375