Eight Communities Recommended for Investment

June 28 2018: Priorities & Finance Committee (PFC) Update
New Community Growth Strategy: Investment Recommendations

As an update to our June newsletter, here is a report following the PFC report the New Community Growth Strategy outcome.
What happened at Committee?

  1. Industry was well represented, as all business case proponents were given an opportunity to directly address committee, and directly advocate for their business case.
  2. The following eight communities (six business cases) were recommended for investment by Administration and received the support of committee (only one dissenting vote). On July 30 Council will give final approval – note that almost all Council members were at committee to hear the item, so we expect that the voting pattern will remain the same at Council:
  • Two communities in the Glacier Ridge ASP (Ronmor/Wenzel)
  • One community activity centre in Glacier Ridge ASP (Capexco Inc.)
  • One community in West Belvedere (Tristar/Truman/Landsdowne/others)
  • Two communities in Rangeview (Brookfield/Genstar/Section 23/others)
  • One community in Providence (Dream/Qualico)
  • One community in Haskayne (Brookfield/Marquis)

 

 

Amendments to the recommendations in the report were made. These allowed for the following:

  • A process to enable the removal of Growth Management Overlays (GMOs) when this item proceeds to Council on July 30. Previously, the removals would not have occurred until after the budget was approved in November. This process now includes early Council approval of the portion of the budget that would secure the funding necessary to support these eight communities (six business cases), on July 30.

 

  • Business cases NOT recommended by Administration in their report are given an opportunity for reconsideration at the July 30 meeting of Council. Their inclusion will depend on Administration working with all business case proponents to determine whether lowering operating or capital costs might be realized through refined cost estimates, different timing or phasing of development.

Strategic alignment and market considerations remain part of the criteria through this re-assessment. The indicative tax rate range was referenced, citing an increase of up to 0.75 percent (the top end of the range given to Administration in April), along with the utility rate increase of up to 0.5 percent, as set earlier this month. Additional communities will be considered within the allowance of the cost savings and rate room.

Beginning this week, meetings will be set up with each business case proponent to discuss details around these next steps.

  • Please note that any business cases added to the list of recommendations that are recommended by Council during their meeting on July 30, will have their GMO’s removed at a subsequent Council meeting (likely September) and not July. This is due to the advertising requirements required for a by-law amendment to remove GMO’s.

 

  • The overall framework proposed for Growth Strategy was supported – this means that a consideration of business cases for growth will be considered at two-year cycles, consistent with City budget and mid-cycle review process. Following the completion of this round, the next recommendation list would be brought forward no later than March of 2020, for inclusion in the 2023-2026 service plan and budget. We anticipate that this means the consideration of those cases by Administration would begin and occur through 2019.

Where can I find more information?

If you have any questions on this, please contact Grace Lui by email, at grace.lui@bildcr.com; or by phone at 403.730.4262.