Project funding (City Hall and Provincial Offences)
| Item | Amount |
|---|---|
| Approved budget | $54,850,100 |
| Plus: unbudgeted additional funding | $1,783,248 |
| A. Total project funding | $56,633,348 |
Project expenses (City Hall and Provincial Offences)
| Item | Amount |
|---|---|
| Project cost | $56,968,414 |
Settlement costs
| Item | Amount |
|---|---|
| Urbacon Limited | $6,635,000 |
| HST | $495,450 |
| Input Tax Credit | ($451,186) |
| Aviva Insurance Company of Canada | $100,000 |
| Moriyama & Teshima Architects | ($150,000) |
| Money paid back from lien claims | ($828,427) |
| Total settlement costs | $5,800,837 |
| Legal fees | $2,300,484 |
| B. Total project cost | $65,069,735 |
Additional cost to the City (B – A): $8,436,387
Funding the additional cost
| Item | Amount |
|---|---|
| Legal/OMB Reserve | $1,693,100 |
| Capital Tax Reserve | $1,500,000 |
| Capital Asset Renewal Reserve | $5,243,287 |
| Total | $8,436,387 |