COUNCIL REPORT: BYLAW NO 889, 2014 BEING A BYLAW TO EXPEND MONIES IN THE DCC PARK IMPROVEMENT RESERVE

TOWN OF VIEW ROYAL Council Report

TO: Council DATE: April 28, 2014 FROM: J. Beauchamp, Director of Finance MEETING: May 6, 2014

BYLAW NO 889, 2014 BEING A BYLAW TO EXPEND MONIES IN THE DCC PARK IMPROVEMENT RESERVE

RECOMMENDATION:

TO provide first three readings to Development Cost Charge Reserve Fund Expenditure Bylaw No. 889, 2014.

CHIEF ADMINISTRATIVE OFFICER'S COMMENTS:

I concur with the recommendation.

BACKGROUND:

Council has authorized the expenditure of $48,000 from the Development Cost Charges for Park Improvements by installing playground equipment in Portage Park in the 2014 Financial Plan.

Section 935 of the Local Government Act states that authority to make payments from a Development Cost Charge Reserve Fund must be authorized by bylaw. Bylaw 889 will give the Town the authority to fund this project from the DCC Park Improvement Fund.

RECOMMENDATION:

TO provide first three readings to Development Cost Charge Reserve Fund Expenditure Bylaw No. 889, 2014.

SUBMITTED BY: J. Beauchamp, Director of Finance

REVIEWED BY: K. Anema, Chief Administrative Officer