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Request for Decision

GSDC Funding for Science North Big Change - Big Impact Project



Presented To: City Council
Presented: Tuesday, Aug 14, 2018
Report Date: Friday, Jul 20, 2018
Type: Routine Management Reports



Signed By

Report Prepared By
Dana Jennings
Business Centre Co-ordinator
Digitally Signed Jul 20, 18

Manager Review
Meredith Armstrong
Manager of Tourism and Culture
Digitally Signed Jul 20, 18

Division Review
Ian Wood
Director of Economic Development
Digitally Signed Jul 20, 18

Financial Implications
Liisa Lenz
Coordinator of Budgets
Digitally Signed Jul 25, 18

Recommended by the C.A.O.
Ed Archer
Chief Administrative Officer
Digitally Signed Jul 25, 18

Resolution

WHEREAS the agreed terms of partnership between the City of Greater Sudbury Community Development Corporation (GSDC) and City Council state that all funding commitments in excess of $250,000 are to be jointly approved;

THEREFORE BE IT RESOLVED that upon recommendation by the Greater Sudbury Development Corporation, the City of Greater Sudbury hereby authorizes an investment of $750,000 from the City’s grant to the GSDC to support the Science North Big Change - Big Impact Project, under the terms and conditions outlined in CGSCDC Board Resolution 2018-44, dated July 11, 2018.

Relationship to the Strategic Plan / Health Impact Assessment

Based on the economic impact, job creation and positive profile Science North and Dynamic Earth provides to Greater Sudbury, the City’s support for the renewal and expansion projects directly advances Council’s Growth and Development goals as outlined in the Strategic Plan Greater Together.

The project also advances objectives within the Economic Development Strategic Plan From the Ground Up related to becoming “One of Ontario’s Top Tourism Destinations”.

Report Summary

Science North presented requests to both the Greater Sudbury Development Corporation (GSDC) and City Council to secure the community's support of its Big Change Big Impact project. The funding and the proposed plan represents an opportunity for Science North to undertake a generational renewal; setting the stage for success well into the future.

The following report is to ratify the commitment, as per the agreed terms of partnership between the City of Greater Sudbury Community Development Corporation (GSDC) and City Council, that all funding commitments in excess of $250,000 are to be jointly approved.

Financial Implications

If approved, the $750,000 will flow as follows: $450,000 will be funded in 2018 and an additional $100,000 will be funded in each of the years 2019, 2020 and 2021, from the City of Greater Sudbury's grant to the CGSCDC, subject to the conditions identified in CGSCDC Board Resolution 2018-44 and the terms outlined in the funding agreement between the recipient and the CGSCDC.

Supporting Documents
1. CouncilReport_GSDCFunding_SN (pdf)