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FIN-09-061 - Draft Development Charge Policy Whitepaper
REPORT REPORT TO: Councillor B. Vrbanovic, Chair, and Members of the Finance and Corporate Services Committee DATE OF MEETING: May 11, 2009 SUBMITTED BY: Dan Chapman, General Manager of Financial Services and City Treasurer PREPARED BY: John Sonser, Senior Financial Analyst WARD(S) INVOLVED: All DATE OF REPORT: May 6, 2009 REPORT NO.: FIN 09-061 SUBJECT: DRAFT DEVELOPMENT CHARGE POLICY WHITEPAPER RECOMMENDATION: For information. REPORT: The purpose of this report and attached presentation is to provide the City’s Finance and Corporate Services Committee with a draft copy of the City’s new Development Charge (DC) Background Study Policy Whitepaper. The presentation will be made by consultants from Hemson Consulting, who have been retained by the City to assist with the study process. The Policy Whitepaper describes the development charge policies and practices that form part of the DC Background Study review process. It also presents options available to the City to change existing development charge practices in the context of both growth outlook for Kitchener as well as the City’s overall approach to financing growth-related capital infrastructure. The presentation will also provide Council with an opportunity to offer input and/or issues to be considered through the course of the review. FINANCIAL IMPLICATIONS: N/A ACKNOWLEDGED BY: Dan Chapman, General Manager of Financial Services and City Treasurer é ó ï ø÷æ÷ðíìï÷îèùôûêõ÷éø÷æ÷ðíìï÷îèùôûêõ÷é ìíðóùãìíðóùãûîøìêûùèóù÷éûîøìêûùèóù÷é åôóè÷ìûì÷êåôóè÷ìûì÷ê ùÓÈÃÍÖñÓÈÙÔ×Î×ÊùÓÈÃÍÖñÓÈÙÔ×Î×Ê øÊÛÖÈÖÍÊøÓÉÙÇÉÉÓÍÎøÊÛÖÈÖÍÊøÓÉÙÇÉÉÓÍÎ ô÷ïéíî ùÍÎÉÇÐÈÓÎÕðÈØ ïÛà é ó î èûúð÷íöùíîè÷îèé ìÛÕ× óîèêíøçùèóíî ûùçêê÷îèûêêûîõ÷ï÷îèéöíêöçîøóîõî÷åóîöêûéèêçùèçê÷ èô÷ê÷ûê÷èåíèãì÷éíöóîöêûéèêçùèçê÷ ûøïóîóéèêûèóíîíöø÷æ÷ðíìï÷îèùôûêõ÷ê÷æ÷îç÷é úöçîøóîõõêíåèôê÷ðûè÷øóîöêûéèêçùèçê÷óîèô÷öçèçê÷ ùôûîõ÷éèíèô÷õêíåèôöíê÷ùûéè ùê÷ùíïï÷îøûèóíîé ùûìóèûðúçøõ÷èìêíù÷éé ø÷úèöóîûîùóîõõêíåèôê÷ðûè÷øìêíò÷ùèé øíåîèíåîùíê÷÷ä÷ïìèóíî é ó í ø÷æ÷ðíìï÷îèùôûêõ÷éìíðóùãûîøìêûùèóù÷é åôóè÷ìûì÷ê èÔ×ùÓÈÃÍÖñÓÈÙÔ×Î×ÊÓÉÙÇÊÊ×ÎÈÐÃÓÎÈÔ×ÌÊÍÙ×ÉÉÍÖÊ×Î×ÅÓÎÕÓÈÉØ×Æ×ÐÍÌÏ×ÎÈÙÔÛÊÕ×É ÚÃÐÛÅçÎØ×ÊÈÔ×ÈÔ×ùÓÈÃÓÉÊ×ËÇÓÊ×ØÈÍÇÎØ×ÊÈÛÑ×Û ø×Æ×ÐÍÌÏ×ÎÈùÔÛÊÕ×ÉûÙÈøùû ÚÛÙÑÕÊÍÇÎØÉÈÇØÃÚ×ÖÍÊ×ÌÛÉÉÓÎÕÈÔ×Î×ÅÚÃÐÛÅûÚÛÙÑÕÊÍÇÎØÉÈÇØÃÓÉÙÇÊÊ×ÎÈÐà ÇÎØ×ÊÅÛÃûÊ×ÆÓ×ÅÍÖÛÎÇÏÚ×ÊÍÖÑ×ÃØ×Æ×ÐÍÌÏ×ÎÈÙÔÛÊÕ×ÉÌÍÐÓÙÓ×ÉÛÎØÌÊÛÙÈÓÙ×ÉÓÉ 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