Town council discusses grants, reserve funds, and traffic study

The traffic study highlights the importance of understanding visitor patterns and behavior in order to make informed decisions about business hours and marketing efforts. The study shows that the town sees a significant number of visitors on a busy summer long weekend, and that people are staying longer than recommended. This presents opportunities for businesses to extend their hours and capitalize on the traffic.

STAFF REPORTS ($215,600, $1,322,105.05) — Town council would receive for information that the town has been successful with our application for the Bridge Street and Vermillion Avenue Lighting project and have been approve ^{[5][6][7][9][10][11][12][13][14]}

“THAT Council receive for information that the town has been successful with our application for the Bridge Street and Vermillion Avenue Lighting project and have been approved to receive $215,600 in cost-shared grant funding from the BC Active Transportation Grant. Economic Devel ^{[5][6][7][9][10][11][12][13][14]}”

COUNCIL REPORTS — the Regular meeting of Council Scheduled for March 1st, 2023, be cancelled.

“THAT the Regular meeting of Council Scheduled for March 1st, 2023, be cancelled.”

BYLAWS AND RESOLUTIONS — Town council would give the Town of Princeton Financial Plan Bylaw No. 1035, 2022 second reading. AND THAT Council refer the bylaw to staff to initiate a process of public consulta ^[8][15]

“THAT Council give the Town of Princeton Financial Plan Bylaw No. 1035, 2022 second reading. AND THAT Council refer the bylaw to staff to initiate a process of public consultation. 2023 Financial Plan Report 2023 Financial Plan Bylaw ^[8][15]”

Council received for information that the town has been successful with our application for the Bridge Street and Vermillion Avenue Lighting project and have been approved to receive $215,600 in cost-shared grant funding from the BC Active Transportation Grant. ^[10]

“THAT Council receive for information that the town has been successful with our application for the Bridge Street and Vermillion Avenue Lighting project and have been approved to receive $215,600 in cost-shared grant funding from the BC Active Transportation Grant. ^[10]”

Council authorizes the expenditure of $1,322,105.05 in reserve funds as follows: Future Amenity Reserve $56,250.00, Arena Reserve $61,609.58, Paving Reserve $156,329.17, Water & Sewer Project Reserve $1,031,085.05, Water Reserve $16,831.25, for the provision of capital assets. ^[5]

“THAT Council authorizes the expenditure of $1,322,105.05 in reserve funds as follows: Future Amenity Reserve $56,250.00, Arena Reserve $61,609.58, Paving Reserve $156,329.17, Water & Sewer Project Reserve $1,031,085.05, Water Reserve $16,831.25, for the provision of capital assets. ^[5]”

Council approves the allocation of $79,130.56 towards this project from the Canada Community Revitalization Fund Grant. ^[11]

“THAT Council approves the allocation of $79,130.56 towards this project from the Canada Community Revitalization Fund Grant. ^[11]”