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Committee of the Whole/Documents/ATTACHMENT B Scenario B Details
Appendix

ATTACHMENT B Scenario B Details

December 10, 2019Pages 27–281 section

Financial modelling for Scenario B, featuring a flat fee per unit plus a volumetric fee for sewer cost recovery.

2 APPROVAL OF AGENDA
Flat fee of $72 per unitVolumetric rate of $3.73 per m3

ATTACHMENT B

Scenario B Details

A flat fee to generate 15% of total revenue ($72/unit) plus a volumetric fee to generate 85% of total revenue based on winter water consumption ($3.73/m³).

Residential impacts on properties with assumed consumption of 77 m³*:

Assessed Value ($) Count CURRENT METHOD: CRD Sewer Tax ($) CURRENT METHOD: VR Sewer User Fee ($) CURRENT METHOD: Total Charges ($) CURRENT METHOD: Effective Rate /m³ SCENARIO B: Total Charges ($) SCENARIO B: Change ($) SCENARIO B: Effective Rate /m³
<= 100,000 95 36.22 138.08 174.30 2.26 359.21 +184.91 4.67
> 100,000 <= 700,000 2,133 253.51 138.08 391.59 5.09 359.21 -32.38 4.67
> 700,000 <= 1,500,000 1,448 543.23 138.08 681.31 8.85 359.21 -322.10 4.67

*up to an assessed value of $1,500,000. There are 57 residential properties with an assessed value greater than $1.5 million.

Residential impacts on properties with assumed assessed value of $700,000*:

Consumption Count CURRENT METHOD: CRD Sewer Tax ($) CURRENT METHOD: VR Sewer User Fee ($) CURRENT METHOD: Total Charges ($) CURRENT METHOD: Effective Rate /m³ SCENARIO B: Total Charges ($) SCENARIO B: Change ($) SCENARIO B: Effective Rate /m³
<= 25 m³ 111 253.51 58.52 312.03 12.48 165.25 -146.78 6.61
> 25 m³ <= 77 m³ 1034 253.51 138.08 391.59 5.09 359.21 -32.38 4.67
> 77 m³ <= 150 m³ 912 253.51 249.77 503.28 3.36 631.50 +128.22 4.21

*with consumption up to 150 m³. Strata properties are excluded, as consumption data is not available for individual strata units.

Sample residential impact to strata properties:

Sample Average Strata Unit consumption (m³) Strata Unit Average Assessed Value ($) CURRENT METHOD: CRD Sewer Tax ($) CURRENT METHOD: VR Sewer User Fee ($) CURRENT METHOD: Total Charges ($) CURRENT METHOD: Effective Rate /m³ SCENARIO B: Total Charges ($) SCENARIO B: Change ($) SCENARIO B: Effective Rate /m³
Strata A 55 395,980 143.41 104.42 247.83 4.51 276.55 +28.72 5.03
Strata B 92 507,825 183.91 161.03 344.94 3.75 414.41 +69.47 4.51
Strata C 143 379,650 137.49 239.06 376.55 2.63 605.39 +228.84 4.23

Sample residential impact – highs:

Service Address Consumption (m³) Assessed Value ($) CURRENT METHOD: CRD Sewer Tax ($) CURRENT METHOD: VR Sewer User Fee ($) CURRENT METHOD: Total Charges ($) CURRENT METHOD: Effective Rate /m³ SCENARIO B: Total Charges ($) SCENARIO B: Change ($) SCENARIO B: Effective Rate /m³
2861 Craigowan 16,840 49,789,000 18,031 29,029 47,060 2.79 74,405 +27,345 4.42
340 Island Hwy 4,658 7,113,000 2,576 9,340 11,916 2.56 25,237 +13,321 5.42
210 Island Hwy 1,722 1,760,000 637 2,979 3,616 2.10 7,647 +4,030 4.44

Non-residential impacts – highs and lows:

Service Address Consumption (m³) Assessed Value ($) CURRENT METHOD: CRD Sewer Tax ($) CURRENT METHOD: VR Sewer User Fee ($) CURRENT METHOD: Total Charges ($) CURRENT METHOD: Effective Rate /m³ SCENARIO B: Total Charges ($) SCENARIO B: Change ($) SCENARIO B: Effective Rate /m³
127 Burnett Rd 7,552 12,289,800 4,772 16,654 21,426 2.84 28,241 +6,815 3.74
199 Island Hwy 4,410 3,807,000 3,542 7,051 10,593 2.40 16,521 +5,928 3.75
490 Island Hwy 3,969 2,758,000 2,447 7,370 9,817 2.47 14,876 +5,059 3.75
498 Island Hwy 2,265 4,574,600 3,946 3,840 7,786 3.44 8,520 +734 3.76
1495 Admirals Rd 12,350 34,034,000 30,197 21,383 51,580 4.18 46,138 -5,442 3.74
1730 Island Hwy 395 8,784,000 7,794 775 8,569 21.69 1,545 -7,024 3.91
1519 Admirals Rd 3,569 17,602,000 15,618 5,803 21,421 6.00 13,384 -8,037 3.75
1652 Island Hwy 25 10,461,000 9,282 251 9,532 381.30 165 -9,367 6.61
1708 Island Hwy 6,886 27,318,000 24,238 11,402 35,640 5.18 25,757 -9,883 3.74
1 Adams Pl 163 14,112,900 12,430 270 12,700 77.91 680 -12,020 4.17
1621 Island Hwy 77 15,961,000 14,162 138 14,300 185.71 359 -13,941 4.66
120 Hallowell Rd 245 15,477,000 14,818 415 15,233 62.18 986 -14,247 4.02
33 Helmcken Rd 12,376 108,358,000 85,560 21,724 107,284 8.67 46,234 -61,050 3.74

Institutional impacts:

Service Address Consumption (m³) Assessed Value ($) CURRENT METHOD: CRD Sewer Tax ($) CURRENT METHOD: VR Sewer User Fee ($) CURRENT METHOD: Total Charges ($) CURRENT METHOD: Effective Rate /m³ SCENARIO B: Total Charges ($) SCENARIO B: Change ($) SCENARIO B: Effectiv e Rate /m³
1 Hospital Way 79,290 0 0 143,205 143,205 1.81 295,824 +152,619 3.73
2750 Shoreline Dr 627 0 0 1,659 1,659 2.65 2,411 +752 3.84
218 Helmcken Rd 550 0 0 1,510 1,510 2.75 2,124 +614 3.86
Page 27–28
Extracted from: 2019 12 10 Committee of the Whole Agenda - Agenda - Pdf