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Village of Waskesiu

Village of Waskesiu. Agreement –in-principle May 21, 2006. Qualifiers. Agreement-in principle subject to approvals PCA must obtain required approvals from Federal government Council required to obtain approval from residents If approved, joint submission for provincial legislation.

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Village of Waskesiu

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  1. Village of Waskesiu Agreement –in-principle May 21, 2006

  2. Qualifiers • Agreement-in principle subject to approvals • PCA must obtain required approvals from Federal government • Council required to obtain approval from residents • If approved, joint submission for provincial legislation

  3. Timeframe • Approvals sought this summer • if approved, then: • Finalize detailed agreement - 2006 • Provincial legislation – spring, 2007 • Municipal Incorporation – Jan. 1, 2008 • Two year transition – begins March, 2008 • Full municipal operation begins 2010

  4. Municipal Responsibilities • Existing town boundaries • Streets, roads and lanes, except 264 • Utilities – water, sewer, and garbage • Recreation – Day use, beaches, tennis court complex, beach houses, camp kitchens • Pathways within townsite except Park trails • Protective Services – Police and Structural fire • Cabin area easements and public reserves in cottage areas • Tax collections

  5. Parks Canada Responsibilities • Highway 264 • Land Use Planning and Development • Trailer Park and Beaver Glen • Forest and wildlife management • Lease administration • Management of its own properties

  6. Infrastructure • Municipal Value -$15mm; • Utilities Value - $19mm • Waskesiu Drive Project- $1mm – PCA • Lagoon project - $4mm – PCA • Initial grant to municipality - $1.85 mm (allows residential roads fix) • Storm sewer relocation project - $180,000 – Municipal • Community Hall - $250,000 - PCA

  7. Financial Arrangements • Property tax system replaces land rent system • All land rent leases reduced to $1 • All taxes collected, including PILT in Waskesiu municipality’s hands • PCA will pay 1/3 of all utilities costs • Existing utilities debt ($800,000) is forgiven; frees $92,000 annually • PCA pays $25,000 –day use area • PCA pays PILT on its properties-$124,000 • PCA provides $150,000 for transition costs • Municipality pays $100,000 for land rent • Municipality pays $70,000 for P & D

  8. Other Arrangements • PCA operates townsite until March 31, 2010 on fee for service ($500,000/year)-2 years • PCA roadway maintenance – cost recovery basis -5 years – begin 2010 • PCA will transfer Dickenson property, one residential duplex and one compound lot to municipality at no cost–Value$400,000 • Equipment and vehicles transferred at nominal sum ($1) • PCA will pay tuition fees for employees children • Sewage treatment – PCA will pay $50,000 extra if higher standards are required

  9. Projected Budget - 2010 • Revenues • Property Taxes - $867,613 • PCA PILT and Cost sharing - $149,443 • Other - $12,500 • Total - $1,021,557 • Expenditures -Operating costs -$546,202 -Land Rent and P&D - $175,000 -Capital Reserves and Expenditures - $300,000 -Total - 1,021,202

  10. Financial Impact on Residents and businesses • Change from land rent system to property tax system results in some having reduced costs while others have increased costs • Overall, property tax revenues are projected at $262,387 less than land rent revenues in 2010

  11. Sample Taxation Levels • Projected costs to taxpayers – based on sample assessment and a mill rate of 10 mills: • Cabins - $690 - $1015 • Cottages - $600 - $2030 - Businesses - $1100 - $30000 Notes: Includes general and equipment reserve accumulation. No market adjustment in assessed values.

  12. Land Rent Vs Taxation • Budget Revenue Estimates – Municipal - $1,022,000 • Results in mill rate of 10 mills • Revenue Sources: CurrentLand RentTaxation Cabin $135,300 $675,000 $404,000 Cottage $156,500 $155,000 $153,000 Business $229,800 $300,000 $302,000 PILT & CS $149,000

  13. Current vs Future Revenues

  14. Total of Land Rent vs Taxation

  15. Community Council Goals • Financial viability and sustainability • Improved infrastructure – long term • Ability to tackle issues and concerns • Ability to develop recreation programs • Local decision making on priorities • Tax revenues to stay in community • PCA to pay towards costs on behalf of visitors • Reasonable cost to residents • Waskesiu made solution

  16. Impact if NO vote on agreement • Land rent system in place – additional annual cost to residents - $262,000 • $800,000 Utility debt remains - $92,000 annually • $1.85 million infrastructure grant lost • PCA continues to manage townsite • Land rent revenues not all spent in Waskesiu • Road repair program delayed

  17. Council Recommendation • Approval of this agreement-in-principle • Please vote: • Advance poll – June 25, 2006 • Regular poll – July 2, 2006 • Location: Tennis court complex (Chamber of Commerce office)

  18. Discussion Questions and Answers

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