harbour redevlopment - town hall - 2016-02-27
TRANSCRIPT
Introduction2015-16 ActivitiesSpring 2017
Review of 2013 Plan
Progress and Status of 2017 Plan
Mooring
AllocationsFeedback and
Follow-up2016 Membership
Drive
Agenda
Harbour redevelopment committeeProject planning with FlagsFunding models and rationaleLiaison with engineering and
permitting
2015-16 Activities
2015-16 Activities
Consideration of necessary remediation Decision-making
Condition report Timing and forward
planning
Spring 2016: 4 new finger docks8 Moorings
Thousand Islands MarineFunding
Project cost $30,0006.8 year payback
2015-16 Activities
Provide additional moorings in order to attract new members Boat owning members are generally bigger users of the club Provides an avenue for membership growth that is currently
limited by the current harbour size (and quality)
Provide upgraded and competitive facilities to all members (new and existing) We are losing members because of the quality of our mooring
facilities People are choosing not to consider KYC and an option
because of the facilities.
Original Proposal: Parameters
The membership authorizes the Board to proceed with the harbour redevelopment project as presented, with the following conditions:
That the following matters need to be considered and reported back to the membership for approval: That mooring fees be based on a per foot fee structure That the maximum total project expenditure will be capped at $1.6 million dollars.
This amount to be comprised of: Existing Club capital funds A bank loan not to exceed $1.37 million Funds resulting from a Refundable Dock Deposit
Original Proposal: SGM Motion(May 15th, 2013)
New Project Cost: ~$2.5M !
Committee Prepared & Submitted Loan Application to Infrastructure Ontario We were turned down (February 2014)
How do we proceed? Regroup & rethink
Original Proposal: Too Expensive!
Harbour redevelopment committee exploration of more cost-effective alternatives
Original Plan “required” a significant amount remediation: could we do less initially?
A New Plan
A New Plan: Defer Some Remediation?
Original Plan required the following remediation: Repair and alteration of
the east end of breakwater.
Significant shortening and repair of the centre pier
Could we devise a layout that doesn’t need as much initial remediation?
In comparison to Original Plan
Sacrifice east/west finger dock orientation Less protection from easterly winds/waves. Maintain, but extend current centre dock layout Consider reusing existing centre dock and fingers Reuse T-dock with alterations Limited remediation would be only to the eastern
end of the breakwall
Current Proposal
What can we afford? Use the slip counts for revenue prediction Refundable Mooring Deposit: ~$100K Club Funds: $50K Loan:$750K
Total Project: ~$1M
Current Proposal
Working with updated engineering estimates
Range: $900K - $1,100K
Includes Contingency New Dock & Attenuator Upgraded/Extended centre dock electrical JS Dock alterations Some remediation to east end of outer breakwall
Current Proposal
Raising capital 2013 proposal applied only to new finger dock holders
Originally proposed at ~$53/foot
Current proposalApplies to all boats with wet moorings: one time$35-45/footPayable upon taking slipRefundable when you leave and slip is filledDifference required/refunding upon changing boat length
Refundable Mooring Deposit (RMD)
Cost neutral conversion of the “Finger Dock Premium” to a per foot charge
30’ minimum for finger docks
No planned change of “per foot” rates other than cost of living increases
Harbour Fees
Sufficient attenuation to protect harbour Wave Study Wave Sensor Data collection
Junior Sailing access and usabilitySwimming and recreational water accessAble Sail access
Harbour Requirements
Project is breakeven at $1.1 million if fullThe model is conservativeSeveral financial risk mitigation strategies are
being evaluated: Investigation of current membership to identify
demand from current members complete Marketing programme being developed for new
members
Current Proposal: Financial Model
Does it fit with the 2017 Plan? Survey results indicate we should:
Maintain about 18 med moorings in the outer basin Remainder as finger docks
Proposed 2016 Fingers when combined with the 2017 Plan: Results in 18 - 20 med moorings
It is well matched and compatible!
Fingers for 2016: Looking to 2017?
Refine cost estimates Refine financial model Member consultation and feedback Final engineering and RFP preparation
Board approval to move ahead Issuing RFP & selecting vendors Marketing & Recruiting Bank approval
Final Board approval Approvals and Permits
Next Steps?
Ongoing Feedback Options• E-mail:
[email protected]• Web: www.kingstonyachtclub.ca/newharbour
• Proposed 2017 Layout• Layout Posted at Clubhouse• Questionnaire and input form at the bar• Electronic Survey?
Getting your input!
KYC MARCH MADNESS
ONE-FOR-ONE1. Bring in a new member: one membership
purchased2. Your name entered in a draw for a free
membership in 20173. Draw at 2017 Annual General Meeting
Target: 16 new associate members & 4 full members