1 / 24

DISTRICT OF MISSION

DISTRICT OF MISSION. Community Amenity Contributions and Related Community Amenity Projects Public Information Meeting October 2, 2008.

grady
Download Presentation

DISTRICT OF MISSION

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. DISTRICT OF MISSION Community Amenity Contributions and Related Community Amenity Projects Public Information Meeting October 2, 2008

  2. Community amenities are generally capital facilities/improvements that are needed to service a growing population or create a more complete community, e.g. cultural/arts centers, recreational facilities, transit improvements, police buildings, parks & trails, etc. Community Amenities

  3. Development Cost Charges Development Cost Charges (DCCs) are limited by legislation to funding basic infrastructure that is required because of growth, namely: • drainage, • parkland purchases, • roads, • sewage, and • water.

  4. History of Developer Community Amenity Contributions • Financial Contributions for Community Amenities Policy adopted in 1996 • The Policy recognizes that residential rezoning results in new development/ growth that in turn creates a demand for new community facilities/amenities

  5. History of Developer Community Amenity Contributions • Contributions were $1,000 per single family unit and $2,500 per multi-family unit up until 2007 • In 2007, a contribution of $1,800 for both single and multi-family units was established • The current contribution level is $1,850 for both single and multi-family units

  6. Proposed Developer Community Amenity Contribution • Proposed developer community amenity contribution is $10,300 for each single and multi-family unit that results from residential rezoning • Increase reflects the cost and scope of the proposed projects, and the sharing of costs by taxpayers and developers

  7. Do Developer Community Amenity Contributions Increase the Cost of Housing? • The primary effect of developer community amenity contributions is to put downward pressure on the value of development sites, i.e. land, not increase the cost of housing* • Same effect as rising DCC levies* • Increase will result in lower land values* *Coriolis Consulting Corp. Report dated February 2007

  8. Why Should all of the Benefits of a Successful Rezoning not Accrue to Developers, who take on the Risk and the Cost of Development? • Developers are not bound to buy land that requires rezoning; they can instead purchase sites already zoned for development* • Council has an obligation to consider the fiscal impact of growth when considering a rezoning application* • If a proposed project will impose unacceptable capital cost burdens on the community, Council can reasonably deny the application* *Coriolis Consulting Corp. Report dated February 2007

  9. Proposed Community Amenity Projects and Related Contributions • Important for the community to tell council and staff: • Whether proposed community amenity projects are important? • What portion should be paid for by developers versus taxpayers?

  10. Proposed Community Amenity Projects

  11. Proposed Community Amenity Projects

  12. Proposed Community Amenity Projects

  13. Proposed Community Amenity Projects

  14. Proposed Community Amenity Projects

  15. Proposed Community Amenity Projects

  16. Proposed Community Amenity Projects

  17. Funding the Taxpayer's Share of Community Amenity Projects

  18. Funding the Taxpayer's Share of Community Amenity Projects

  19. Funding the Taxpayer's Share of Community Amenity Projects

  20. Funding the Taxpayer's Share of Community Amenity Projects

  21. Funding the Taxpayer's Share of Community Amenity Projects *$166,487,00 less land for Leisure Complex ($24 million) = $142,487,000

  22. Funding Plan/Strategy • Preliminary funding plan based on certain assumptions • Results in approximate 0.25% tax increase ($60,000 per year) from 2010 to 2020 • No provision for operating costs • May be possible to allocate new construction revenues as opposed to a direct tax increase • One can minimize the property tax impact of large community amenity projects by planning and saving well ahead of time, and by allowing for some flexibility in terms of the timing of projects

  23. Information Available • Hard Copy of Power Point Presentation • Report entitled “Funding the District of Mission’s Share of District-Wide Community Amenities” • Questions & Answers Document • Package of Historical Reports and Motions regarding Community Amenities • Request for Public Feedback Form

  24. Need Future Vision • General agreement on community amenity projects and cost-sharing between developers and taxpayers • Once vision is in place, now is the time to start saving • The future starts now

More Related