1. Britannia Village Flood Control Project – Status Report RVCA Board of Directors May 28, 2009

2. 1:100 year Flood lines

3. Flood protection barrier (earth berms and sea wall adjustments) original est’d cost = $ 390K (2005) City Council approval in Sept. ’07, 50% funded by special service charges (capped at $195K), balance from general City tax revenues

4. Progress to date Delcan engaged February ‘08 Delcan engaged February ‘08 Phase I eng’g complete July ’08 Phase I eng’g complete July ’08 Updated const’n cost estimate – Aug’ 08 ($525K) Updated const’n cost estimate – Aug’ 08 ($525K) Phase II eng’g initiated Nov ’08 Phase II eng’g initiated Nov ’08 Feb 5, ’09 – information mtg. for waterfront landowners Feb 5, ’09 – information mtg. for waterfront landowners Mar/Apr ‘09– discussions with MNR re: filled Crown Land Mar/Apr ‘09– discussions with MNR re: filled Crown Land

5. Issue: Access to Private Properties Cost estimates assumed easements can be negotiated for nominal considerations ($1 and modest property “betterments”) Cost estimates assumed easements can be negotiated for nominal considerations ($1 and modest property “betterments”) It now appears that easements on private parcels will come at a higher price (not yet determined) It now appears that easements on private parcels will come at a higher price (not yet determined) Other additional costs may be expected (increased complexity, new design issues, time delays, thorough EA documentation) Other additional costs may be expected (increased complexity, new design issues, time delays, thorough EA documentation)

6. Issue: Project Cost and Financing When potential cost of gaining access to private lands is better understood, City staff will report to Committee/Council When potential cost of gaining access to private lands is better understood, City staff will report to Committee/Council B/C cost ratio = 1.0 when Cost = $700K B/C cost ratio = 1.0 when Cost = $700K special service charges capped at $195K will cover less than 50% of total cost special service charges capped at $195K will cover less than 50% of total cost City Council will eventually decide if project should proceed at updated estimated cost.

7. In the short term: In the short term: Delcan & RVCA will resume design work for the portion of the works to be located on filled Crown Land under the control of MNR Delcan & RVCA will resume design work for the portion of the works to be located on filled Crown Land under the control of MNR