STAFF REPORT - BYLAW NO 914, 2015 BEING A BYLAW TO EXPEND MONIES IN THE DCC DRAINAGE RESERVE
Report recommending the use of Development Cost Charge reserves to fund drainage improvements on Island Highway.
TOWN OF VIEW ROYAL
Council Report
TO: Council DATE: January 28, 2015 FROM: J. Beauchamp, Director of Finance MEETING: February 3, 2015
BYLAW NO 914, 2015 BEING A BYLAW TO EXPEND MONIES IN THE DCC DRAINAGE RESERVE
RECOMMENDATION:
THAT Council provide the first three readings to Development Cost Charge Reserve Fund Expenditure Bylaw No. 914, 2015.
CHIEF ADMINISTRATIVE OFFICER'S COMMENTS:
I concur with the recommendation.
BACKGROUND:
This bylaw will allow the Island Highway drainage improvement works to be funded by Drainage Development Cost Charges.
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 914 will give the Town the authority to fund this project from the DCC Drainage Fund.
RECOMMENDATION:
THAT Council provide the first three readings to Development Cost Charge Reserve Fund Expenditure Bylaw No. 914, 2015.
SUBMITTED BY: J. Beauchamp, Director of Finance
REVIEWED BY: K. Anema, Chief Administrative Officer
Document Images
(1)