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HomeMy WebLinkAboutCST 17-12 city 4 ti: Report To Executive Committee PICKERING Report Number: CST 17-12 Date: June 11', 2012 1 5 5 1u From: Gillis A. Paterson Director, Corporate Services & Treasurer Subject: Development Charges —Annual Indexing Recommendation: 1. That Report CST 17-12 of the Director, Corporate Services & Treasurer be received; 2. That effective July 1, 2012 as provided for in Section 16 of By-law 6978/09, the Development Charges referred to in Sections 6 and 11 of that By-law be increased by 3.3 percent; and, 3. That the appropriate officials of the City of Pickering be given authority to give effect thereto. Executive Summary: The Development Charges Act 1997 and Ontario Regulation 82/98 and By-law 6978/09 provide for an annual adjustment to the City's development charges based on the Non-residential Building Construction Price Index in order to keep development charges revenues current with construction costs.The Non-residential Building Construction Price Index (CPI) for the current indexing year is 3.3%. Adoption of the recommendations of this report will put into effect the higher rates for the period July 1, 2012 to June 30, 2013. Financial Implications: Increasing the development charges based on an increase in the CPI will assist in keeping the revenues generated in line with current costs. The residential development charges for single and semi detached units will increase by approximately $323, other residential charges will increase similarly and the commercial/industrial charge will increase by approximately $0.13 per square foot or $1.39 per square metre based on an increase of 3.3%. Discussion: As provided for in the Ontario Reg. 82/98 and in the City's By-law 6978/09, each year the development charges charged by the City for all types of development may be indexed without amending the By-law. Adoption of the recommendations contained in this report will allow that increase to take effect July 1, Report CST 17-12 June 11, 2012 156 Subject: Development Charges- Annual Indexing Page 2 2012 thereby assisting in keeping revenues in line with the costs that development charges fund. Statistics Canada indicates the increase in the construction price statistics for the most recently available annual period ending March 31, 2012 of 3.3 percent for Non- residential Building Construction Price Index (an indicator of our costs of construction) for the Toronto area. The change is reflected in the table attached. At this juncture, the Regional Municipality of Durham (Region) has not finalized the annual indexing of the development charges the City collects on their behalf. The City will continue to use rates prescribed as effective from July 1, 2011 until further notice from the Region. The Education Development Charges will remain unchanged for the current year. Upon Council's approval of the recommendations contained in this report, the development charges brochure will be updated to reflect the approved rates. The updated brochure will be posted on the City's website and made available at various counters throughout the Civic Complex. Attachments: 1. Current and Proposed Development Charges 2012/2013 Prepared By: Approved / Endorsed By: Caryn Kong, CGA Gillis A. Paterson, CMA Senior Financial Analyst - Director, Corporate Services & Treasurer Capital & Debt Management GAP:ckk Copy: Chief Administrative Officer Recommended for the consideration of Pickering City Council 1//41. 8E Tony Prevedel, P.Eng. Chief Administrative Officer ATTACHMENT#_I TO REPORT#,CST/7-1.2 157 City of Pickering Current Residential Development Charges Effective July 1, 2011 Per Dwelling Unit Service Single & Apt. One Apt. Two Other Category Semi Bdrm Bdrm Dwelling Detached & Smaller & Larger Units Growth Studies $88 $35 $47 $63 Fire Protection 262 . 104 141 188 Transportation- Roads & Related 4,561 1,811 2,469 3,273 Operations 281 111 152 202 Stormwater Management 1,379 547 746 990 Parks & Recreation- Parkland Dev & Trails 428 170 231 307 Recreation Facilities 2,271 902 1,229 1,630 Library 521 207 282 374 Total $9,791 $3,887 $5,297 $7,027 Current Non-Residential Development Charges Effective July 1, 2011 Service Per Sq. Foot Per Sq. Metre Category Transportation-Roads & Related $3.00 $32.29 Stormwater Management 0.91 9.77 Total $3.91 $42.06 158 Proposed Residential Development Charges Effective July 1, 2012 Per Dwelling Unit • Service Single & Apt. One Apt. Two Other Category Semi Bedroom Bedroom Dwelling Detached & Smaller & Larger Units Growth Studies $91 $36 $48 $65 Fire Protection 271 107 146 194 Transportation — Roads & Related Operations 4,712 1,871 2,550 3,381 290 114 157 209 Stormwater Management 1,424 565 771 1,023 Parks & Recreation- Parkland Dev & Trails 442 176 239 317 • Recreation Facilities 2,346 932 1,270 1,684 Library 538 214 291 386 Total $10,114 $4,015 $5,472 $7,259 $ Increase Residential $323 $128 $175 $232 Proposed Non-Residential Development Charges Effective July 1, 2012 Service Per Sq. Foot Per Sq. Metre Category Transportation-Roads & Related $3.10 $33.36 Stormwater Management 0.94 10.09 Total. $4.04 $43.45 $ Increase Non-Residential $0.13 $1.39