5. Requests for Decision
5.1 2021 Budget Timetable
Council approved the 2021 Budget timeline and public engagement strategy as presented. The 2021 budget timeline establishes the processes for developing the:
- Annual Operating Budget (2021) and three-year financial plan
- Annual Capital Budget (2021) and 10 Year Capital Plan
5.2 Bylaw 477 – Supplementary Assessment
Council gave first reading to Bylaw 477, the Supplementary Assessment bylaw.
The City levies taxes twice a year. The general tax levy is charged in the spring and is based on the annual assessments prepared as of December 31st of the previous year. However, the general tax levy does not account for properties constructed and completed after that date. To account for these properties and ensure fairness and equity amongst all properties, the City issues a supplementary tax levy each year. This is an incremented tax, and only applies to the period from completion to the end of the year.
5.3 Bylaw 478 – Line of Credit
Council gave first reading to Bylaw 478, authorizing the establishment of a $3.5 million line of credit. The purpose of the line of credit is to cover any operating cash flow issues that might arise due to the timing of expenditures and the collection of the annual taxes.
5.4 Bylaw 400.28 – Trinity Crossing Phase 2
Council held a Public Hearing for Bylaw 400.28. No one spoke up for or against the proposed bylaw amendment.
Council subsequently approved Bylaw 400.28 to facilitate residential development on lands located on the east side of C&E Trail, west of Highway 2A, and north of Terrace Heights (also known as Trinity Crossing Phase 2), after giving it second and third readings.
5.5 Bylaw 400.24 – Land Use Updates
Council approved Bylaw 400.24, after giving it third reading with the following amendments:
(A) THAT Council replace 14.4.16(b)iii in Attachment B with:
“ii With the exception of development within Plan 1624190 and Plan 1722619, all new residential developments shall have a minimum side yard of 2.0m.”
This site specific exception addresses the concern of having enough parcel width to provide side yards and a range of marketable floor plans for future houses for identified two developments. It retains the general intent of having more generous spacing between buildings through the rest of the Central Residential District.
5.6 Council Committee Appointments
Council voted to approve the appointment of Kim Willington to the Affordable Housing Strategy Steering Committee for a term ending December 31, 2021.
*The next scheduled Council Meetings:
– March 23, 2020, at 5 p.m. (Regular)
– April 6, 2020, at 5 p.m. (Committee)
– April 14, 2020, at 5 p.m. (Regular)
– April 27, 2020, at 5 p.m. (Regular)