Final version 2019-2022 Capital Plan for $2.8 billion goes to Vancouver City Council July 24 & 25, 2018

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Below is a notification circulating by e-mail from the City of Vancouver about the Capital Plan. People have a chance to speak to Council about the plan on Wednesday if they write in before the Tuesday meeting (see below).

July 24 and July 25 are the last two meetings on the official City Council schedule until the next Regular City Council meeting on September 18. That is, not counting FOUR more Public Hearings (Jul 31, Aug 2, Sep 5, Sep 6). The current council and administration is racing to get a LOT of business done before the full-on campaign period in the month prior to the Oct 20 election.

The Regular Council and Committee meetings on July 24 and July 25 respectively are likewise jam-packed, including a decision to call Public Hearings ASAP on hasty rezoning of nearly the entire city despite no prior public consultation.

We add recent media on capital plans (City of Vancouver, plus Vancouver Park Board) at the bottom.

Here is the City’s e-mail note about the Capital Plan.

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1. The final version of the 2019-2022 Capital Plan will be considered by Vancouver City Council on July 24 and 25, as follows:

Tuesday, July 24th (meeting starts at 9:30 am): presentation by staff to Council

https://council.vancouver.ca/20180724/regu20180724ag.htm

Wednesday: July 25th: delegations present to Council (scheduled to start at 2:00 pm), followed by debate and vote by Council.

https://council.vancouver.ca/20180725/pspc20180725ag.htm

2. Here’s a weblink to Council report: https://council.vancouver.ca/20180725/documents/regurr1.pdf

3. If you wish to speak at the Council meeting, please email the City Clerk’s Office using this address (speaker.request@vancouver.ca) or phone them at 604-829-4272.

4. Meeting location: Council Chamber, 3rd floor, 453 West 12th Avenue, Vancouver.

5. Please contact Michel Desrochers in the Finance Department should you have any questions about the Capital Plan: michel.desrochers@vancouver.ca or 604-673-8229.

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Excerpts from staff report.

Proposed expenditures for $2.8 billion

Affordable housing $ 540 million
Childcare $ 123 million
Parks & open spaces $ 264 million
Arts & culture $ 185 million
Community facilities $ 234 million
Public safety $ 48 million
Civic facilities & equipment $ 108 million
Transportation & street use $ 311 million
One water $ 616 million
Solid waste $ 92 million
Renewable energy $ 41 million
Technology $ 100 million
Emerging priorities $ 88 million
Overhead $ 20 million

Anticipated funding from the following sources:
City contributions ($1,049 million):
Plebiscite authority $ 300 million
Council authority (utilities) $ 195 million
Debt financing $ 495 million

Property tax $ 206 million
Utility fees $ 202 million
Pay-as-you-go City contributions $ 408 million
Tax & fee funded capital reserves $ 146 million

Development contributions ($1,615 million):
Development connection fees $ 110 million
In-kind development contributions $ 569 million
Pay-as-you-go development contributions $ 679 million

DCLs and cash CACs reserves $ 936 million

Partner contributions ($107 million):
Pay-as-you-go Partner contributions $ 95 million
Partner funded reserves $ 12 million

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Vancouver proposes $2.6 billion capital plan, with 55 per cent paid by development contributions
JOANNE LEE-YOUNG, Vancouver Sun, Updated: May 31, 2018
https://vancouversun.com/business/local-business/city-proposes-2-6-billion-capital-plan-with-55-per-cent-paid-by-development-contributions

The City of Vancouver is presenting a plan of spending for the next four years and tucked into the fine print of a draft is a sharp increase in how much the public budget is tied to funds charged to real estate developers.

The City is proposing to spend some $2.6 billion in capital investments with significant emphasis on affordable housing and child care spaces, as well as arts and culture and community facilities.

Of the estimated total $2.57 billion, over 55 per cent, or some $1.44 billion, is earmarked to come from “development contributions,” which are raised by charging real estate developers.

It’s a big jump from the city’s last capital plan of 2015 to 2018 when development contributions were 33 per cent, or $366 million, of a total budget of $1.085 billion. In the 2012-2014 plan development contributions were $87 million out of a total budget of $702 million, or 12 per cent.

There are generally two kinds of development contributions and they have grown in size since they came into use around 2004.

Development cost levies or DCLs are typically a standard calculation. Community amenity contributions or CACs tend to be individually negotiated between the city and a developer over rezoning for a specific project and can be paid in straight cash or the building of an on-site amenity such as a pool or a community centre.

A draft of the proposed plan for the next four years includes the construction of 1,200 to 1,600 units of non-market rental housing and the creation of about 1,000 new child care spaces, according to the city.

Of the total $539 million to be spent on affordable housing, $535 million, or 99 per cent, will come from development contributions. The units of non-market rental housing will come from in-kind (rather than cash) development contributions.

See rest of article online.

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Vancouver park board approves four-year, $399-million capital plan
by Nick Eagland, Vancouver Sun, Updated: July 20, 2018
Vancouver park board approves four-year, $399-million capital plan

The Vancouver park board has approved a $399-million plan for the next four years that includes a new outdoor pool, a new community centre and more waterfront park land for the city.

The plan, which is the largest in the park board’s history and received unanimous support, includes $264 million for parks and open spaces, $126 million for recreation facilities and $9 million for service yards. It represents 14 per cent of the city’s $2.8-billion capital plan and will add new parks and amenities as well as upgrade existing ones, according to a report released at a special meeting Thursday.

The park and open spaces investment dwarfs the previous capital allocation of $91.2 million, mostly to meet demand created by growth (including 60,000 new residents expected over the next decade) and development in the city, board chair Stuart Mackinnon said. 

See rest of article online.

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