Year
2016
Number
B73
Sponsor(s)
Barriere
Whereas UBCM currently holds back 15 of gas tax funded projects while the municipality can only hold back 10 of the tenderedcontracted portion of those projects; And whereas this may put some smaller municipalities in a financial situation that may compromise the success or initiation of an important infrastructure improvement: Therefore be it resolved that the current policy on funding holdback amounts be amended as follows: a The current 15 holdback be changed to 10 b The holdback be released as substantial completion is reached in the various componentsphases as identified in the funding contract budget.
Convention Decision
Endorsed