Title
University of Alberta Aga Khan Garden Pavilion - Funding Contribution
Proposed Motion
That Council approve $250,000 for the University of Alberta Aga Khan Pavilion to be paid over five (5) years in installments of $50,000 per year funded in Year One (2018) from the Environmental Restricted Surplus and Years Two to Five (2019-2022) from the Municipal Tax Levy.
Body
Administration Recommendation
Administration supports the proposed motion.
Council may choose to fund at a different level and/or increase the amount funded from the Environmental Restricted Surplus.
Purpose
University of Alberta Aga Khan Pavilion - Funding Request
Summary
The University of Alberta (U of A) made a presentation to Council on April 10, 2018 regarding the Aga Khan Gardens Pavilion (attached). The Pavilion is a key component of the Aga Khan Gardens development. The facility will enhance visitors experiences at the Gardens providing opportunities for programming, special events, exhibits, performances and private functions including seminars, meetings and workshops.
The University of Alberta has requested $250,000 from Parkland County for the Pavilion. It is U of A's intent to begin construction this year with the intent to open in late 2019.
Parkland County, dependent on its level of contribution, will be entitled to space naming along with a plaque recognizing the contribution. If approved Administration will develop an Agreement with the U of A regarding our funding contribution and space naming options for Councils consideration and decision.
Given that this is an unforseen expenditure for 2018, funding is proposed to come from the Environmental Restricted Surplus for the 2018 installment with the remaining four (4) years incorporated into budget and funded from Tax Levy.
Strategic Plan/Policy/Legal/Staff Implications:
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