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FIN-19-038 - 2019 Development Charges Public Input
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FIN-19-038 - 2019 Development Charges Public Input
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5/3/2019 8:44:55 AM
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5/3/2019 8:44:54 AM
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Reports
Department Name
Financial Services
Date of Report
4/26/2019
Date of Meeting
5/13/2019
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FCS Agenda - 2019-05-13
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\Public Access Folders\Agendas\Standing Committees - 02-01-243\Fin & Corp Serv\2019
FCS Minutes - 2019-05-13
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\Public Access Folders\Minutes\Standing Committees - 02-01-241\Fin & Corp Serv (2001-Pres)\2019
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Council will consider this input prior to approving the 2019 DC Study and Bylaw (and all <br />th <br />supporting documentation) on June 24. <br />The purpose of this report is to: <br />Provide the calculated DC rates <br />Outline the financial consideration of a balanced cash flow <br />Identify changes to the DC bylaw <br />REPORT: <br />Calculated DC Rates(pages 24 & 25 of linked DC Background Study) <br />In an earlier report, staff provided multiple rate options for Council to choose from and noted the <br />associated impacts on the growth related capital program for each scenario. Council ultimately <br />provided dire <br />draft DC Study and Bylaw. The table below shows the proposed rate increases. <br />Proposed Development Charge Rate Changes <br />Current Calculated <br />Charge TypeLocation%Change <br />RateRate <br />Residential (Single)Suburban$11,572$19,64870% <br />Residential (Single)Central Neighbourhood$6,030$12,331104% <br />22 <br />Non-ResidentialSuburban$59.60/m$63.79/m7% <br />22 <br />Non-ResidentialCentral Neighbourhood$18.01/m$19.36/m7% <br />As shown in the table, DC rates are calculated for both residential growth (per unit) and non- <br />residential growth (per square metre of gross floor area). The residential and non-residential <br />rates are determined by adding up the total amount of DC eligible costs by service, and then <br />dividing those costs by the amount of forecasted growth. Kitchener further subdivides these rate <br />increases by geography, into the suburban area and central neighbourhood area. The central <br />neighbourhood area includes the downtown and expands out to the Expressway (on the east <br />and south), Westmount Road (on the west) and the City of Waterloo (on the north). <br />As can be seen in the table, the non-residential charges arenot increasing as muchas the <br />residential charges. This is primarily due to the following reasons: <br />1.Non- <br />to only be a benefit to residential growth. This means the overall cost pool to be funded by <br />non-residential development is smaller than the residential cost pool. And for this DC Study, <br />the largest increases are in Indoor Recreation and Outdoor Recreation, which are residential <br />only services.The lists below outline the services included in the residential and non- <br />residential cost pools. <br />Residential cost pool includes: <br />o Library, Fire, Indoor recreation, Outdoor recreation, Public Works, Parking, <br />Cemeteries, Development Related Studies, Sanitary, Roads & Related, Water, <br />Engineering Studies, Stormwater, Intensification Allowance <br />3 - 2 <br />
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