HomeMy WebLinkAboutFCS-17-120 - 2016 Development Charge Reserve Fund
REPORT TO: Finance and Corporate Services
DATE OF MEETING: June 12, 2017
SUBMITTED BY: Dan Chapman, Deputy CAO and City Treasurer, 519-741-2200 ext.
7347
PREPARED BY: Ruth-Anne Goetz, Senior Financial Analyst, 519-741-2200 ext.
7335
WARD(S) INVOLVED: All
DATE OF REPORT: April 21, 2017
REPORT NO.: FCS-17-120
SUBJECT: 2016 Development Charge Reserve Fund
___________________________________________________________________________
RECOMMENDATION:
For Information.
BACKGROUND:
The Development Charges Act (1997) and its 2015 amendment requires that the
Treasurer submit to Council an annual statement of the Development Charge Reserve Fund.
REPORT:
Summary of Development Charges Legislation:
The Act provides the authority and process for the imposition and collection of development
charges.
Development charges (DCs) are generally paid as a part of the building permit process, and are
collected to fund growth-related capital costs for services as allowed by provincial legislation.
Services are grouped into two categories discounted services and non-discounted services.
The Act requires that a discount of 10% be applied to the growth-related capital costs for
discounted services when calculating development charge rates. Non-discounted services refer
to services for which the legislation does not require a reduction. The following table shows
which services within the City of Kitchener fit into the discounted and non-discounted
categories:
CategoryServices within Category
Discounted ServicesGeneral Government Studies
Parking
Indoor Recreation
Outdoor Recreation
Cemeteries
Library
*** This information is available in accessible formats upon request. ***
Please call 519-741-2345 or TTY 1-866-969-9994 for assistance.
IF3 - 1
CategoryServices within Category
Non-DiscountedRoads and Related
ServicesSanitary Servicing
Watermains
Storm/Watercourse
Intensification Allowance
Engineering Studies
Public Works
Fire
A summary of the DC Reserve Fund by Category of Service is found in Table A.
Determination of Development Charges:
A Development Charges Background Study is required to be completed when updating a
Development Charges by-law. The by-law is then valid for a period of up to 5 years. The Act
stipulates that the DC rates may be indexed, effective January 1 of each year that the by-law
remains in effect. As such, the City of Kitchener indexes the DC rates based on the non-
residential construction price index, as provided by Statistics Canada. The 2016 DC rates are
set out in Table B.
Revenue
DC collections in 2016 total $16.9M, a large increase from the 2015 collections of $10.8M. Of
the total revenue, $15.8M was attributable to residential development and $1.1M was for non-
residential development.
When the 2014 by-law was passed, Council determined that industrial developments would be
subject to a 50% reduction in their development charge fees, from July 1, 2014 to March 1,
2019. This reduction is subsidized by contributions from the tax base, as well as the Water,
Sanitary and Storm Water Utilities, as per report FCS-14-088.To the end of 2016, $0.2M has
been provided to the DC reserve to fund this exemption.
Expenses
Net DC expenses to December 31, 2016 total $17.6M. Detailed lists are included in the DC
Reserve Fund Transactions in Tables C, D and E. Since 2004, different rates have been
charged for the Central Neighbourhoods as compared to the Suburban Areas of the City (as
defined in the DC by-law). Related revenues and expenses broken down by service are shown
for both of these areas in Table E.
Expenses are allocated to either the Central Neighbourhood or the Suburban Area based on
whether the service is considered to be city wide, or related only to a specific area. If a service
is considered city wide, the expense is allocated based on estimated population growth in each
area as provided in the background study.
Reserve Fund Balances
The DC Reserve Fund at December 31, 2016 was in a deficit position of $3.4M compared to a
surplus position of $2.3M at the end of 2015.It is important to note that although the reserve
fund is in a deficit,the current financial position is stronger than what was anticipated in both
the 2016 reserve budget and the 2014 DC background study due in large part to the strong level
of new construction in the community.
IF3 - 2
The overall reserve balance is broken out into further detail in Table E. The detail provided
shows the balances in the Suburban Areas and the Central Neighbourhoods, which is then
divided into Residential and Non-Residential services. These services are further divided into
the Discounted and Non-Discounted categories, and then split into balances by service. Some
services may reflect a deficit while others reflect a surplus. When the new background study
was completed, the reserve balances in each service were included in the development charge
rate calculation, therefore over time, it is anticipated that the deficits will be recovered and the
surpluses utilized.
Exemptions
DC exemptions in 2016 total $1.5M compared to $0.9M in 2015. Of the total exemptions, $0.4M
was attributable to residential development and $1.1M was for non-residential development.
Major exemptions are public school board use, redevelopment allowance*, additional dwelling
units in existing residential exemption, and exemptions for federal use. A summary of major
exemptions is included in Table F.
*if a redevelopment occurs and proof of demolition is provided, the development charge
applicable shall be reduced by an allowance that equals the number and types of residential
units and the non-residential gross floor area of the former development, at the rates applicable
at the time the first building permit for the re-development is issued
Credit for Service Agreements
The City may, by agreement, permit a developer to provide services for development of land in
lieu of payment of the development charge. At December 31, 2016, credits of $4.9M were
outstanding compared to $4.7M at the end of 2015.Refer to Table G for more details.
By-law
A new DC by-law came into effect July 1, 2014 for a term of no longer than five years.
No Additional levies
The City of Kitchener has not imposed, directly or indirectly, a charge related to a development
or a requirement to construct a service related to a development, except as permitted by the Act
or another Act.
ALIGNMENT WITH CITY OF KITCHENER STRATEGIC PLAN:
through the delivery of core service.
FINANCIAL IMPLICATIONS:
Financial implications are discussed above and detailed in the attached appendices.
IF3 - 3
COMMUNITY ENGAGEMENT:
INFORM
advance of the council / committee meeting. In addition, a copy of this report will be
Association.
ATTACHMENTS:
Table A: Development Charges Reserve Fund Summary by Category of Services
Table B: Development Charge Rates
Table C: 2016 Transactions
Table D: 2016 Expenses
Table E: Reserve Fund Transactions by Service
Table F: 2016 Exemptions
Table G: Credit for Service Agreements
ACKNOWLEDGED BY: Dan Chapman, Deputy CAO and Treasurer
IF3 - 4
*
Total
(57,561)
(379,479)
16,971,977
(2,322,781)(3,395,350)
(17,607,506)
Total
97,012
381,930
(48,697)
7,446,2455,176,333
(2,700,157)
147,633
(48,697)(35,833)
Non-Res
(185,898)
(1,219,043)(1,341,838)
Discounted
-
Res
132,845
1,600,9737,298,6126,518,171
(2,514,259)
Total
(330,782)(154,573)
9,525,732
(2,704,711)(8,571,683)
TABLE A
(14,907,349)
995,226
Non-Res
(330,782)(141,239)
(3,875,655)(2,869,526)(6,221,976)
SUMMARY BY CATEGORY OF SERVICES
DEVELOPMENT CHARGE RESERVE FUND
Non-Discounted
-
Res
(13,334)
1,170,9448,530,506
(2,349,707)
(12,037,823)
Balance December 31, 2015RevenueIndustrial Exemption FundingInterest Income (Expense)Balance December 31, 2016*represents a correction to the previous year's industrial exemption funding
Expenses
IF3 - 5
TABLE B
DEVELOPMENT CHARGE RATES
CentralSuburban
Residential DevelopmentNeighbourhoodsAreas
Single detached or semi-detached dwelling$5,546$10,645/ dwelling unit
Townhouse or street townhouse dwelling$3,930$7,541/ dwelling unit
Multiple or duplex dwelling$3,060$5,875/ dwelling unit
Lodging House$1,686$3,237/ dwelling unit
Non-Residential Development**
Gross floor area of building$16.56$54.82/ square metre
$1.54$5.09/ square foot
**The rates as shown above represent the full non-residential DC rate. For the period of July 1, 2014 to
March 1, 2019, Council approved a 50% reduction of the Non-Residential rate for industrial development.
IF3 - 6
TABLE C
CITY OF KITCHENER
SUBURBAN AREA
DEVELOPMENT CHARGE RESERVE 7012002
2016 TRANSACTIONS
Surplus (Deficit) Balance December 31, 2015(1,840,751)
Revenues
DC Act Revenue15,471,221
Industrial Exemption Funding
(379,479)
Interest Income (Expense)(61,450)
Total Revenues 15,030,292
Expenditures
City Share of Subdivisions811,512
Intersection Improvement - Doon Village149,818
Intersection Improvement - Pioneer Dr & Doon Village149,818
Block Line Rd Extension(102,085)
Huron Rd(5,104)
Strasburg Rd Sanitary Trunk Extension3,122,497
Freeport SPS Upgrades and Forcemain2,624,000
South Strasburg Creek Sanitary Trunk2,467,699
Old Mill SPS1,684,043
Upper Hidden Valley SPS300,000
SCADA29,964
Lower Hidden Valley SPS (Refund)955,925
Idlewood Creek Improvements401,033
Kolb Drain352,002
Doon Creek Limited Culverts240,962
Miscellaneous Creek Rehab104,040
Victoria Park Lake Rehabilitation(7,500)
Engineering Studies172,361
Monitor Upper Blair Creek115,000
Master Plan/Feasibility Studies69,707
DC Study (non-discounted)(13,912)
Fire Technology from Master Plan104,040
Equipment Acquisitions and Upgrades437,130
Equipment Acquisitions Recovery94,000
KOF Recovery477,000
Planning Studies277,283
Heritage Impact Assessments(723)
DC Study (discounted)(11,269)
Central Library129,208
Library Technology Upgrade19,115
Williamsburg Cemetery Phase 2 Development47,837
Community Trails289,867
Neighbourhood Park Development254,401
Grand River Park99,080
Neighbourhood Park Rehabilitation14,901
Victoria Park Redevelopment10,919
Huron Natural Area Redevelopment1,949
McLennan Park Redevelopment919
Library Recovery788,832
Civic District Parking Garage Recovery342,519
Charles and Benton Parking Garage Recovery187,891
Total Expenditures17,186,679
Surplus (Deficit) Balance December 31, 2016(3,997,138)
IF3 - 7
TABLE C
CITY OF KITCHENER
CENTRAL NEIGHBOURHOODS
DEVELOPMENT CHARGE RESERVE 7012006
2016 TRANSACTIONS
Surplus (Deficit) Balance December 31, 2015(482,030)
Revenues
DC Act Revenue1,500,756
Industrial Exemption Funding
-
Interest Income (Expense)3,889
Total Revenues1,504,645
Expenditures
Intensification Allowance173,400
Planning Studies31,248
Heritage Impact Assessments(59)
DC Study (discounted)(1,252)
Central Library12,312
Library Technology Upgrade1,822
Williamsburg Cemetery Phase 2 Development4,558
Community Trails27,622
Neighbourhood Park Development24,242
Grand River Park9,441
Neighbourhood Park Rehabilitation1,420
Victoria Park Redevelopment1,041
Huron Natural Area Redevelopment186
McLennan Park Redevelopment88
Library Recovery75,168
Civic District Parking Garage Recovery38,481
Charles and Benton Parking Garage Recovery21,109
Total Expenditures420,827
Surplus (Deficit) Balance December 31, 2016601,788
IF3 - 8
---------------------
(72)
(2,643)
69,91543,88178,129
(19,445)(67,500)
Funding
728,960868,018562,998219,993111,933221,476168,184269,540701,479105,267191,906523,993
8,860,287
1,376,0002,708,275
Total Other
360,000
360,000
Federal Gas
Tax Reserve
125,858
125,858
Gas Utility
109,283
109,283
Water Utility
Utility
(67,500)
728,960868,018109,283
1,638,761
Storm Water
Non-Growth Related Funding
Utility
69,915
Sanitary
109,283
4,263,473
1,376,0002,708,275
50
10,050
10,000
Donations
(72)
(2,643)
Capital
43,88178,129
(19,445)
109,291219,993101,933221,476168,184269,540341,479105,267191,856523,993
2,352,862
Tax Based
TABLE D
2016 EXPENSES
CITY OF KITCHENER
DEVELOPMENT CHARGE RESERVE(782)
2,1351,007
(5,104)(7,500)
29,96469,70794,00020,93752,39516,32111,960
(13,912)(12,521)
Funding
811,512149,818149,818300,000955,925401,033352,002240,962104,040172,361115,000104,040437,130477,000173,400308,531141,520317,489278,643108,521864,000381,000209,000
Total DC
(102,085)
3,122,4972,624,0002,467,6991,684,043
17,607,506
88
(59)
186
1,8224,5589,4411,4201,041
(1,252)
Central 31,24812,31227,62224,24275,16838,48121,109
420,827
173,400
DC Reserve
Neighbourhoods
Growth Related Funding
919
(723)
1,949
(5,104)(7,500)
29,96469,70794,00019,11547,83799,08014,90110,919
(13,912)(11,269)
811,512149,818149,818300,000955,925401,033352,002240,962104,040172,361115,000104,040437,130477,000277,283129,208289,867254,401788,832342,519187,891
(102,085)
3,122,4972,624,0002,467,6991,684,043
17,186,679
DC Reserve
Suburban Area
City Share of SubdivisionsIntersection Improvement - Doon VillageIntersection Improvement - Pioneer Dr & Doon VillageBlock Line Rd ExtensionHuron RdStrasburg Rd Sanitary Trunk ExtensionFreeport
SPS Upgrades and ForcemainSouth Strasburg Creek Sanitary TrunkOld Mill SPSUpper Hidden Valley SPSSCADALower Hidden Valley SPS (Refund)Idlewood Creek ImprovementsKolb DrainDoon Creek
Limited CulvertsMiscellaneous Creek RehabVictoria Park Lake RehabilitationEngineering StudiesMonitor Upper Blair CreekMaster Plan/Feasibility StudiesDC Study (non-discounted)Fire Technology
from Master PlanEquipment Acquisitions and UpgradesEquipment Acquisitions RecoveryKOF RecoveryIntensification AllowancePlanning StudiesHeritage Impact AssessmentsDC Study (discounted)Central
LibraryLibrary Technology UpgradeWilliamsburg Cemetery Phase 2 DevelopmentCommunity TrailsNeighbourhood Park DevelopmentGrand River ParkNeighbourhood Park RehabilitationVictoria Park
RedevelopmentHuron Natural Area RedevelopmentMcLennan Park RedevelopmentLibrary RecoveryCivic District Parking Garage RecoveryCharles and Benton Parking Garage Recovery
IF3 - 9
-
919
(571)
Total
1,949
(4,135)(6,075)(8,903)
56,17624,27184,27293,15056,46383,23275,20019,11547,83799,08014,90110,919
(82,689)(11,269)
657,325121,353121,353774,299324,837285,122195,180139,612349,704381,600219,054129,208289,867254,401788,832270,590148,434179,448
243,000
2,405,2522,529,2232,125,4401,998,8361,364,0752,584,700
14,332,28314,388,45914,209,011
--------------------------
919
(571)
Total
1,949
(8,903)
69,41519,11547,83799,08014,90110,919
219,054129,208289,867254,401788,832270,590148,434
1,151,6396,078,7396,148,1542,285,6323,862,5225,014,161
Discounted
19,115
Library
(18,814)
129,208788,832937,155122,713
(896,932)(774,219)
1,078,6821,059,868
919
1,949
99,08014,90110,919
(30,634)
Outdoor289,867254,401672,036830,194
(945,450)
1,532,8641,502,230
(1,775,644)
Recreation
-
Indoor
143,197
5,079,7342,416,8972,560,0942,560,0947,639,828
Recreation
DISCOUNTED SERVICES
1,969
20,27622,24547,83747,83774,637
(25,592)
100,229
Cemeteries
Parking
(16,727)
867,812851,085270,590148,434419,024432,061
(958,920)(526,859)
(571)
(9,576)(8,903)
Studies
(56,948)
162,208152,632219,054209,580
(396,828)(453,776)
-----------------
Total
(4,135)(6,075)
24,27184,27293,15056,46383,23275,200
(13,239)(82,689)(11,269)
657,325121,353121,353243,000774,299324,837285,122195,180139,612349,704381,600
1,253,6138,253,5448,240,3052,529,2232,125,4401,998,8361,364,075
(3,683,074)(2,429,461)
11,923,379
Non-Discounted
TABLE E
Fire
7,544
(1,178)
83,23283,232
204,112202,934119,702
SUBURBAN AREAS
(112,158)
DEVELOPMENT CHARGE RESERVE FUNDPublic
Works
75,200
(56,532)
349,704381,600806,504292,695
RESERVE FUND TRANSACTIONS BY SERVICE
1,155,7311,099,199
(2,656,856)(2,364,161)
93,15056,46345,621
Studies
(18,411)(11,269)
341,988323,577139,612277,956
(840,434)(794,813)
Engineering
------
Intens'n
Allowance
NON-DISCOUNTED SERVICES
StormSewer
(6,075)
85,12184,272
194,649279,770324,837285,122195,180883,336
(603,566)
4,081,8843,478,318
-
Water
31,574
287,919319,493319,493
1,242,4231,561,916
Sewer
24,271
Sanitary125,744243,000774,299
9,047,2162,007,1932,132,9372,529,2232,125,4401,998,8361,364,0759,059,1442,121,009
(6,926,207)
Roads
(4,135)
(82,689)
657,325121,353121,353813,207
(179,557)
4,061,9523,882,3953,069,188
(9,508,462)(6,439,274)
RESIDENTIALOpening Reserve:DC Act RevenueIndustrial Exemption FundingInterest Income (Expense)Total RevenueCity Share of SubdivisionsIntersection Improvement - Doon VillageIntersection
Improvement - Pioneer Dr & Doon VillageBlock Line Rd ExtensionHuron RdStrasburg Rd Sanitary Trunk ExtensionFreeport SPS Upgrades and ForcemainSouth Strasburg Creek Sanitary TrunkOld
Mill SPSUpper Hidden Valley SPSSCADALower Hidden Valley SPS (Refund)Idlewood Creek ImprovementsKolb DrainDoon Creek Limited CulvertsMiscellaneous Creek RehabVictoria Park Lake RehabilitationEngineer
ing StudiesMonitor Upper Blair CreekMaster Plan/Feasibility StudiesDC Study (non-discounted)Fire Technology from Master PlanEquipment Acquisitions and UpgradesEquipment Acquisitions
RecoveryKOF RecoveryPlanning StudiesHeritage Impact AssessmentsDC Study (discounted)Central LibraryLibrary Technology UpgradeWilliamsburg Cemetery Phase 2 DevelopmentCommunity TrailsNeighbourhood
Park DevelopmentGrand River ParkNeighbourhood Park RehabilitationVictoria Park RedevelopmentHuron Natural Area RedevelopmentMcLennan Park RedevelopmentLibrary RecoveryCivic District
Parking Garage RecoveryCharles and Benton Parking Garage RecoveryTotal ExpensesNet Change for the YearClosing Reserve Balance
IF3 - 10
-----------
(969)(152)
Total
5,693
(1,425)(2,643)(2,366)
28,46528,46557,00076,19666,88045,78219,76832,74921,85013,24420,80887,42618,80095,40058,22971,92939,457
(19,396)
593,274498,560468,863319,968181,626
641,833154,187
(379,479)(117,626)
2,977,668
1,138,938
(4,246,003)(2,335,835)(6,581,838)(3,997,138)
------------------------------------
(152)
Total
(2,366)
73,00058,22971,92939,457
(48,697)(24,275)(94,097)
145,972167,097
3,864,642
(1,055,422)(1,149,519)
Discounted
-------
Library
(774,219)
-------
Outdoor
(945,450)
Recreation
-------
Indoor
7,639,828
Recreation
------
DISCOUNTED SERVICES
74,637
Cemeteries
61,10371,92939,457
Parking
(40,396)(19,595)(50,283)
121,094111,386
(864,776)(915,059)
(1,441,918)
(152)
(8,301)(4,680)(2,366)
24,87811,89758,22955,711
Studies
(43,814)
(190,646)(234,460)(688,236)
----------------
(969)
Total
5,693
(1,425)(2,643)
28,46528,46557,00076,19666,88045,78219,76832,74921,85013,24420,80887,42618,80095,400
(93,351)(19,396)
992,966568,833154,187593,274498,560468,863319,968181,626
(330,782)
2,810,571
(3,190,581)(2,241,738)(5,432,319)(7,861,780)
Non-Discounted
TABLE E
Fire
(6,917)(1,025)(7,696)
21,05413,11220,80820,808
(43,477)(51,173)(43,629)
SUBURBAN AREAS
DEVELOPMENT CHARGE RESERVE FUNDPublic
Works
66,86287,42618,80095,400
(43,717)(20,778)
131,357201,626
RESERVE FUND TRANSACTIONS BY SERVICE
(892,254)(134,764)
(1,027,018)(3,391,179)
(5,946)(2,643)
35,91017,92832,74921,85013,24465,200
Studies
(12,036)(47,272)
(250,977)(298,249)
(1,093,062)
Engineering
--------
Intens'n
Allowance
NON-DISCOUNTED SERVICES
StormSewer
(1,425)
60,96421,57562,20276,19666,88045,78219,768
(20,337)
207,201923,942
(144,999)
1,068,9414,402,260
-
Water
5,896
30,06525,86225,862
(10,099)
259,388285,250
1,847,166
8,9245,693
Sewer
57,000
(74,014)
Sanitary222,144157,054593,274498,560468,863319,968181,626
(571,801)
1,396,1292,124,9841,549,208
(1,967,930)
(969)
Roads
28,46528,46535,061
(19,396)
491,472225,813154,187190,752
(163,662)(101,997)
(4,728,331)(4,693,270)
(11,132,544)
NON-RESIDENTIALOpening Reserve:DC Act RevenueIndustrial Exemption FundingInterest Income (Expense)Total RevenueCity Share of SubdivisionsIntersection Improvement - Doon VillageIntersection
Improvement - Pioneer Dr & Doon VillageBlock Line Rd ExtensionHuron RdStrasburg Rd Sanitary Trunk ExtensionFreeport SPS Upgrades and ForcemainSouth Strasburg Creek Sanitary TrunkOld
Mill SPSUpper Hidden Valley SPSSCADALower Hidden Valley SPS (Refund)Idlewood Creek ImprovementsKolb DrainDoon Creek Limited CulvertsMiscellaneous Creek RehabVictoria Park Lake RehabilitationEngineer
ing StudiesMonitor Upper Blair CreekMaster Plan/Feasibility StudiesDC Study (non-discounted)Fire Technology from Master PlanEquipment Acquisitions and UpgradesEquipment Acquisitions
RecoveryKOF RecoveryPlanning StudiesHeritage Impact AssessmentsDC Study (discounted)Central LibraryLibrary Technology UpgradeWilliamsburg Cemetery Phase 2 DevelopmentCommunity TrailsNeighbourhood
Park DevelopmentGrand River ParkNeighbourhood Park RehabilitationVictoria Park RedevelopmentHuron Natural Area RedevelopmentMcLennan Park RedevelopmentLibrary RecoveryCivic District
Parking Garage RecoveryCharles and Benton Parking Garage RecoveryTotal ExpensesNet Change for the YearClosing Reserve BalanceTotal Suburban Areas Reserve
IF3 - 11
-------------
88
(47)(12)
186
(989)(263)
Total
1,8224,5589,4411,4201,0413,9216,5628,0814,433
63,33524,68612,31227,62224,24275,16830,40016,67658,95677,757
(59,446)(55,525)
366,665114,444343,070601,788
(848,695)(133,282)(981,977)
1,496,8351,217,1001,583,765
1,560,170
(3,395,350)
---------------
88
(47)(12)
186
(989)(263)
Total
1,8224,5589,4411,4201,0411,6616,5628,0814,433
(9,897)
63,43024,68612,31227,62224,24275,16830,40016,67618,801
(11,558)(28,698)
449,334228,626
(163,621)(192,319)
1,219,8751,283,3051,054,6791,504,0131,311,6945,176,336
Discounted
-------
5,3734,6291,822
12,31275,16889,302
Library
216,468221,097131,795137,168137,168
(637,051)
-------
88
186
3,2899,4411,4201,041
27,62224,24264,040
(72,792)
Outdoor
307,613310,902246,862174,070174,070
(771,380)
Recreation
--------
Indoor
55,243
580,492485,022540,265540,265
1,120,7571,120,7578,760,585
Recreation
------
795306
DISCOUNTED SERVICES
4,0694,8644,5584,558
12,09512,40112,40187,038
Cemeteries
1,0821,3808,0814,433
(8,703)(7,323)
30,40016,67647,07680,73212,514
Parking
(47,425)(19,837)(63,199)
174,151175,233128,157
(124,094)(143,931)
(1,505,117)
(47)(12)
281
(989)(263)
7,2946,5626,287
(1,608)(2,855)(2,574)(8,861)
32,55230,94424,68623,650
Studies
(28,409)(21,115)(39,527)(48,388)(69,503)
(757,739)
----------------------------------
(95)
Total
2,260
79,75258,95658,956
(82,669)(47,888)(45,628)
276,960276,865114,444114,444162,421
(685,074)(104,584)(789,658)(709,906)
(8,571,686)
Non-Discounted
-------------
Fire
TABLE E
(43,629)
CENTRAL NEIGHBOURHOODS
---------
Public
Works
DEVELOPMENT CHARGE RESERVE FUND
RESERVE FUND TRANSACTIONS BY SERVICE
(3,391,179)
--------------
Studies
(1,093,062)
Engineering
(95)
2,260
79,75258,95658,956
Intens'n
(82,669)(47,888)(45,628)
276,960276,865114,444114,444162,421
(685,074)(104,584)(789,658)(709,906)(709,906)
Allowance
-------------
NON-DISCOUNTED SERVICES
Storm
Sewer
4,402,260
-------------
Water
1,847,166
-------------
Sewer
Sanitary
1,549,208
----------------
Roads
(11,132,544)
RESIDENTIALOpening Reserve:DC Act RevenueIndustrial Exemption FundingInterest Income (Expense)Huron Natural Area RedevelopmentClosing Reserve BalanceNON-RESIDENTIALOpening Reserve:Industrial
Exemption FundingInterest Income (Expense)Total ExpensesClosing Reserve BalanceTotal Central Neighbourhoods ReserveTotal Development Charges Reserve
Total RevenueIntensification AllowancePlanning StudiesHeritage Impact AssessmentsDC Study (discounted)Central LibraryLibrary Technology UpgradeWilliamsburg Cemetery Phase 2 DevelopmentCommunity
TrailsNeighbourhood Park DevelopmentGrand River ParkNeighbourhood Park RehabilitationVictoria Park RedevelopmentMcLennan Park RedevelopmentLibrary RecoveryCivic District Parking Garage
RecoveryCharles and Benton Parking Garage RecoveryTotal ExpensesNet Change for the YearDC Act RevenueTotal RevenueIntensification AllowancePlanning StudiesHeritage Impact AssessmentsDC
Study (discounted)Central LibraryLibrary Technology UpgradeWilliamsburg Cemetery Phase 2 DevelopmentCommunity TrailsNeighbourhood Park DevelopmentGrand River ParkNeighbourhood Park
RehabilitationVictoria Park RedevelopmentHuron Natural Area RedevelopmentMcLennan Park RedevelopmentLibrary RecoveryCivic District Parking Garage RecoveryCharles and Benton Parking
Garage RecoveryNet Change for the Year
IF3 - 12
TABLE F
DEVELOPMENT CHARGE
2016 EXEMPTIONS
50% Industrial Enlargement40,601
Additional Dwelling Unit(s) in Existing210,155
Downtown Exemption15,058
Federal Use205,320
Municipal Use1,242
Public School Board727,127
Redevelopment Allowance293,670
1,493,173
IF3 - 13
Total
334,080962,929
4,770,2901,411,1674,884,448
Activa
30-Jun-23
1,578,1061,578,106
30T-08204
$1,578,106$2,736,894
Holdings Inc.
May 31, 2016
Station and works
Ottawa Trussler Pumping
-
Activa
78,520
30-Jun-22
2,729,0752,650,555
30T-08203
$2,729,075$1,110,925
Holdings Inc.
Bridge works
Blair Creek Drive
February 18, 2014
-
Monarch
441,320114,037327,283
$545,363
30-Jun-19
30T-07204
$8,269,801
Corporation
Station and works
December 10, 2013
Doon South Pumping
58M-528, 30T-07202 &
--
Activa
7,004
302,776295,772
$302,776
30T-08204
Laurentian
Holdings Inc.
March 5, 2013
EA/Design Work
TABLE G
CREDIT FOR SERVICE
DEVELOPMENT CHARGE
-
Activa
26,729
427, 428
140,801114,072
$1,642,555
Trunk Sewer
Holdings Inc.
Strasburg Creek
December 8, 2008
Plan 58M-471, 472, 473
Plan 58M-338, 374, 426,
East Forest/Decora Lands
*
6,003
18,011
955,925
(166,939)
1,146,878
$1,400,000
Plan 58M-422
November 15, 2006
Peter Dietrich Kruse
Lower Hidden Valley
PS and appurtenances
--
9,4409,440
$682,263
July 4, 2003
Strasburg Rd
trunk sewer/ext'n
Brigadoon Estates
58M-1290, 291, 292, 293
Balance December 31, 2015New credits/AdjustmentsCredits usedBalance December 31, 2015ServiceRegistered PlanDate of ServiceOriginal CreditEstimated RefundRefund to be given at earliest
Refund given* adjustment of 2016 opening balance
IF3 - 14