1
00:00:11,280 --> 00:01:59,590
Should be a

2
00:01:59,600 --> 00:03:54,750
Yeah.

3
00:03:54,760 --> 00:40:26,350
» Mhm.

4
00:40:26,360 --> 00:40:27,640
» Good morning everyone. Welcome to our

5
00:40:27,640 --> 00:40:29,440
special meeting of council for Tuesday,

6
00:40:29,440 --> 00:40:31,680
May the 5th. Uh starting with our land

7
00:40:31,680 --> 00:40:33,920
acknowledgement today on uh on a special

8
00:40:33,920 --> 00:40:34,960
day.

9
00:40:34,960 --> 00:40:36,320
Uh that in the spirit of respect,

10
00:40:36,320 --> 00:40:38,320
reciprocity, and truth, we honor and

11
00:40:38,320 --> 00:40:39,800
acknowledge Mokintsis and the

12
00:40:39,800 --> 00:40:42,440
traditional Treaty 7 territory and oral

13
00:40:42,440 --> 00:40:44,280
practices of the Blackfoot Confederacy,

14
00:40:44,280 --> 00:40:47,480
Siksika, Kainai, Piikani, Nakoda Nakota

15
00:40:47,480 --> 00:40:50,560
Nations, Chiniki, Bearspaw, Goodstoney,

16
00:40:50,560 --> 00:40:52,680
and Tsuut'ina Nation. We acknowledge

17
00:40:52,680 --> 00:40:54,320
this territory as home to the Métis

18
00:40:54,320 --> 00:40:55,920
government of the Métis Nation with

19
00:40:55,920 --> 00:40:58,000
Alberta District 4. And finally, we

20
00:40:58,000 --> 00:40:59,680
acknowledge all nations, indigenous and

21
00:40:59,680 --> 00:41:01,360
non, who live, work, and play on this

22
00:41:01,360 --> 00:41:03,320
land and who honor and celebrate this

23
00:41:03,320 --> 00:41:05,400
territory. This sacred gathering place

24
00:41:05,400 --> 00:41:06,880
provides us with an opportunity to

25
00:41:06,880 --> 00:41:08,800
engage in and demonstrate leadership on

26
00:41:08,800 --> 00:41:10,880
reconciliation, and we are honored to

27
00:41:10,880 --> 00:41:14,200
have you join us on Treaty 7 territory.

28
00:41:14,200 --> 00:41:18,000
Going to uh approval of the agenda. Uh

29
00:41:18,000 --> 00:41:19,400
do I have a counselor that can make the

30
00:41:19,400 --> 00:41:21,280
motion for uh the approval of the

31
00:41:21,280 --> 00:41:23,160
agenda? With the special meeting, if we

32
00:41:23,160 --> 00:41:24,360
wanted to add things, it would have to

33
00:41:24,360 --> 00:41:25,920
be signed by all of council, so I don't

34
00:41:25,920 --> 00:41:27,040
think we're going to be looking for any

35
00:41:27,040 --> 00:41:28,280
additions

36
00:41:28,280 --> 00:41:30,280
uh to the agenda today.

37
00:41:30,280 --> 00:41:32,040
Uh so, with that, uh can I have a

38
00:41:32,040 --> 00:41:34,200
counselor uh make the following motion,

39
00:41:34,200 --> 00:41:36,640
please? Counselor Randhawa.

40
00:41:36,640 --> 00:41:38,640
Thank you, Your Worship. Good morning,

41
00:41:38,640 --> 00:41:40,600
everyone. I move that the council

42
00:41:40,600 --> 00:41:43,480
approve the May 5th, 2026 special

43
00:41:43,480 --> 00:41:46,680
meeting of council agenda as presented.

44
00:41:46,680 --> 00:41:48,240
Uh thank you.

45
00:41:48,240 --> 00:41:51,320
Uh comments, questions from council?

46
00:41:51,320 --> 00:41:53,000
Call for the vote.

47
00:41:53,000 --> 00:41:55,040
Uh Deputy Mayor Narayan, do you vote in

48
00:41:55,040 --> 00:41:56,720
favor?

49
00:41:56,720 --> 00:42:05,870
In favor. Thank you.

50
00:42:05,880 --> 00:42:07,120
And that's carried unanimously. My

51
00:42:07,120 --> 00:42:10,200
screen is locked, it won't let me vote.

52
00:42:10,200 --> 00:42:12,240
I have three lock signs. So, I vote in

53
00:42:12,240 --> 00:42:14,760
favor. If we can maybe have our IT have

54
00:42:14,760 --> 00:42:16,000
someone from

55
00:42:16,000 --> 00:42:18,040
IT come and have a look at that.

56
00:42:18,040 --> 00:42:20,360
I just have lock symbols on there. Just

57
00:42:20,360 --> 00:42:21,840
so everyone is aware, Deputy Mayor

58
00:42:21,840 --> 00:42:24,600
Narayan is attending a conference for

59
00:42:24,600 --> 00:42:26,640
the yesterday and the next two days and

60
00:42:26,640 --> 00:42:28,640
so he's just joining us virtually

61
00:42:28,640 --> 00:42:30,560
while he's in attendance at a justice

62
00:42:30,560 --> 00:42:32,600
conference here

63
00:42:32,600 --> 00:42:34,400
this week. So,

64
00:42:34,400 --> 00:42:36,520
with that, yeah, as mentioned at the top

65
00:42:36,520 --> 00:42:38,520
of the meeting, today is a very special

66
00:42:38,520 --> 00:42:40,200
day. It is Red Dress Day which is

67
00:42:40,200 --> 00:42:42,120
observed annually on May 5th and honors

68
00:42:42,120 --> 00:42:44,360
missing and murdered Indigenous women,

69
00:42:44,360 --> 00:42:46,680
girls, and two-spirit people and raises

70
00:42:46,680 --> 00:42:48,480
awareness about the ongoing crisis of

71
00:42:48,480 --> 00:42:51,080
violence against Indigenous communities.

72
00:42:51,080 --> 00:42:52,680
One of the things that this council has

73
00:42:52,680 --> 00:42:53,760
been committed to with council

74
00:42:53,760 --> 00:42:56,080
recognitions and announcements is

75
00:42:56,080 --> 00:42:58,800
ensuring that we're honoring special

76
00:42:58,800 --> 00:43:00,360
days throughout the year. You will have

77
00:43:00,360 --> 00:43:02,960
seen and may have noticed that last week

78
00:43:02,960 --> 00:43:05,560
we had approved a new policy for

79
00:43:05,560 --> 00:43:07,760
recognition and this falls in line with

80
00:43:07,760 --> 00:43:11,200
that. So, with that we have invited Ms.

81
00:43:11,200 --> 00:43:13,120
Patty Sproul to join us here today and

82
00:43:13,120 --> 00:43:15,760
I'm going to do a quick presentation

83
00:43:15,760 --> 00:43:18,040
of tobacco for Ms. Sproul and she's

84
00:43:18,040 --> 00:43:19,200
going to be

85
00:43:19,200 --> 00:43:21,040
doing some education here for our

86
00:43:21,040 --> 00:43:24,160
council with regards to Red Dress Day as

87
00:43:24,160 --> 00:43:26,480
well as

88
00:43:26,480 --> 00:43:28,480
leading us through a smudging ceremony.

89
00:43:28,480 --> 00:43:29,480
So,

90
00:43:29,480 --> 00:43:45,510
good morning.

91
00:43:45,520 --> 00:43:56,230
Thank you.

92
00:43:56,240 --> 00:43:57,920
In the over 10 years I've known you, I

93
00:43:57,920 --> 00:43:59,120
think it's first time I've ever shook

94
00:43:59,120 --> 00:44:01,200
your hand.

95
00:44:01,200 --> 00:44:04,160
First time for everything. Right? Mhm.

96
00:44:04,160 --> 00:44:06,080
Good morning.

97
00:44:06,080 --> 00:44:09,200
Thank you for inviting me here.

98
00:44:09,200 --> 00:44:11,360
And thank you for the gift of tobacco. I

99
00:44:11,360 --> 00:44:14,830
will cherish it.

100
00:44:14,840 --> 00:44:16,720
Today,

101
00:44:16,720 --> 00:44:19,720
as I prepare to offer this smudge,

102
00:44:19,720 --> 00:44:21,640
I want to acknowledge the significance

103
00:44:21,640 --> 00:44:24,600
of Red Dress Day.

104
00:44:24,600 --> 00:44:26,240
In my work within this community

105
00:44:26,240 --> 00:44:29,160
alongside youth, families, and

106
00:44:29,160 --> 00:44:30,720
organizations,

107
00:44:30,720 --> 00:44:34,240
I have seen how deeply people care

108
00:44:34,240 --> 00:44:36,040
about creating a place where everyone

109
00:44:36,040 --> 00:44:39,440
feels safe and valued.

110
00:44:39,440 --> 00:44:41,800
Red Dress Day reminds us that Indigenous

111
00:44:41,800 --> 00:44:45,480
women, girls, and two-spirit people

112
00:44:45,480 --> 00:44:47,880
experience a homicide rate that is six

113
00:44:47,880 --> 00:44:50,480
times higher

114
00:44:50,480 --> 00:44:53,480
six times higher

115
00:44:53,480 --> 00:44:57,080
than the non-Indigenous population.

116
00:44:57,080 --> 00:44:59,040
So, their sense of safety has never

117
00:44:59,040 --> 00:45:02,040
really existed.

118
00:45:02,040 --> 00:45:04,160
As members of council

119
00:45:04,160 --> 00:45:06,400
and as community leaders, we are part of

120
00:45:06,400 --> 00:45:08,360
the systems that shape the people's

121
00:45:08,360 --> 00:45:11,390
experiences.

122
00:45:11,400 --> 00:45:13,480
That comes with both responsibility and

123
00:45:13,480 --> 00:45:16,470
opportunity.

124
00:45:16,480 --> 00:45:18,320
A responsibility to acknowledge the

125
00:45:18,320 --> 00:45:21,160
truth and the opportunity to lead in

126
00:45:21,160 --> 00:45:23,560
ways that create greater safety,

127
00:45:23,560 --> 00:45:28,230
inclusion, and understanding.

128
00:45:28,240 --> 00:45:30,320
As I offer this smudge, I do so with

129
00:45:30,320 --> 00:45:32,800
respect

130
00:45:32,800 --> 00:45:34,680
for those who are missing,

131
00:45:34,680 --> 00:45:37,320
for those who whose lives have take been

132
00:45:37,320 --> 00:45:38,600
taken,

133
00:45:38,600 --> 00:45:40,400
and for the families who continue to

134
00:45:40,400 --> 00:45:43,830
carry that loss.

135
00:45:43,840 --> 00:45:47,080
I also offer it with intention

136
00:45:47,080 --> 00:45:48,760
that our decisions,

137
00:45:48,760 --> 00:45:52,670
our leadership,

138
00:45:52,680 --> 00:45:56,240
and our actions reflect a genuine

139
00:45:56,240 --> 00:45:58,440
commitment to reconciliation,

140
00:45:58,440 --> 00:46:00,400
not just in words,

141
00:46:00,400 --> 00:46:02,440
but in how we serve

142
00:46:02,440 --> 00:46:05,280
community every day.

143
00:46:05,280 --> 00:46:07,920
Today, we remember.

144
00:46:07,920 --> 00:46:09,880
And we recommit to doing better

145
00:46:09,880 --> 00:46:12,550
together.

146
00:46:12,560 --> 00:46:15,710
Okay.

147
00:46:15,720 --> 00:46:17,400
I'm just going to start the smudge here

148
00:46:17,400 --> 00:46:18,680
and um

149
00:46:18,680 --> 00:46:21,080
thank you to Rebecca McGilvery for the

150
00:46:21,080 --> 00:46:22,440
gift of

151
00:46:22,440 --> 00:46:26,120
uh white sage, um which is one of the

152
00:46:26,120 --> 00:46:28,280
uh four sacred medicines of the

153
00:46:28,280 --> 00:46:30,000
indigenous people.

154
00:46:30,000 --> 00:46:32,920
The other one is tobacco.

155
00:46:32,920 --> 00:46:36,040
It's also a gift here and um

156
00:46:36,040 --> 00:46:38,240
another one is sweetgrass, which you

157
00:46:38,240 --> 00:46:40,040
often see in a braid.

158
00:46:40,040 --> 00:46:42,080
Um the only one I don't have here is

159
00:46:42,080 --> 00:46:43,760
cedar.

160
00:46:43,760 --> 00:46:46,320
I'm going to start this

161
00:46:46,320 --> 00:46:48,400
and I will smudge first.

162
00:46:48,400 --> 00:46:51,080
Anyone who would like to

163
00:46:51,080 --> 00:46:53,760
is welcome to come up and

164
00:46:53,760 --> 00:46:55,080
and smudge as well, but there's no

165
00:46:55,080 --> 00:52:12,590
pressure to do so.

166
00:52:12,600 --> 00:52:14,720
» Just also want to make sure uh

167
00:52:14,720 --> 00:52:16,520
the invitation is extended to any

168
00:52:16,520 --> 00:52:18,080
members of administration or anybody

169
00:52:18,080 --> 00:52:51,230
that's in the gallery as well.

170
00:52:51,240 --> 00:52:53,600
Okay. With that,

171
00:52:53,600 --> 00:52:54,560
uh thank you for joining us this

172
00:52:54,560 --> 00:52:56,880
morning. And uh for that uh for the

173
00:52:56,880 --> 00:52:58,160
education

174
00:52:58,160 --> 00:52:59,720
uh with regards to this, I do think that

175
00:52:59,720 --> 00:53:02,160
it is important um what's one of the

176
00:53:02,160 --> 00:53:03,960
things that certainly stood out to me as

177
00:53:03,960 --> 00:53:05,800
you were speaking is

178
00:53:05,800 --> 00:53:07,280
uh when sitting on this side of the

179
00:53:07,280 --> 00:53:09,520
desk, the responsibility and the

180
00:53:09,520 --> 00:53:10,960
opportunity.

181
00:53:10,960 --> 00:53:13,200
Uh and I think when this job is done

182
00:53:13,200 --> 00:53:14,880
right, you find the balance that is

183
00:53:14,880 --> 00:53:17,000
within within those two things. And I

184
00:53:17,000 --> 00:53:18,320
think that this is a good reminder to

185
00:53:18,320 --> 00:53:19,640
find the balance within that. I think

186
00:53:19,640 --> 00:53:20,840
that's something that stood out to me

187
00:53:20,840 --> 00:53:23,600
because when one goes too far the other

188
00:53:23,600 --> 00:53:26,600
way, I think that sometimes that's where

189
00:53:26,600 --> 00:53:27,960
it's just important to find the balance

190
00:53:27,960 --> 00:53:29,440
in this. Uh cuz when you bear the

191
00:53:29,440 --> 00:53:31,640
responsibility too much, it can be

192
00:53:31,640 --> 00:53:33,640
overbearing. And when it's too much of

193
00:53:33,640 --> 00:53:35,640
an opportunity, are you aware of your

194
00:53:35,640 --> 00:53:38,400
responsibility? And so I just see a

195
00:53:38,400 --> 00:53:39,680
strong tension point in that. That's

196
00:53:39,680 --> 00:53:40,800
what stood out to me when you spoke

197
00:53:40,800 --> 00:53:42,600
today is the responsibility and the

198
00:53:42,600 --> 00:53:44,880
opportunity that we carry uh to utilize

199
00:53:44,880 --> 00:53:45,720
our voice when it comes to

200
00:53:45,720 --> 00:53:48,320
reconciliation as well as to ensure that

201
00:53:48,320 --> 00:53:50,360
we are um

202
00:53:50,360 --> 00:53:51,680
honoring

203
00:53:51,680 --> 00:53:52,960
traditions

204
00:53:52,960 --> 00:53:55,880
and opportunities that we have to

205
00:53:55,880 --> 00:53:57,120
participate

206
00:53:57,120 --> 00:53:59,760
in ceremonies such as this. So,

207
00:53:59,760 --> 00:54:01,880
thank you again. We appreciate it.

208
00:54:01,880 --> 00:54:04,200
Thank you.

209
00:54:04,200 --> 00:54:06,440
Perhaps we'll just take a quick 5-minute

210
00:54:06,440 --> 00:54:08,360
break and just allow for us to

211
00:54:08,360 --> 00:54:10,760
transition and we'll do the weird thing

212
00:54:10,760 --> 00:54:12,720
when you go back to uh

213
00:54:12,720 --> 00:54:14,160
having a regular meeting of council. So,

214
00:54:14,160 --> 00:54:16,400
we'll come back at 9:35. Thanks,

215
00:54:16,400 --> 00:57:34,750
everyone.

216
00:57:34,760 --> 01:00:23,750
» Mhm.

217
01:00:23,760 --> 01:00:25,360
» Yeah, totally useless.

218
01:00:25,360 --> 01:00:26,880
Good morning, everyone. Uh just coming

219
01:00:26,880 --> 01:00:29,000
back from our break here and now moving

220
01:00:29,000 --> 01:00:31,160
forward with the rest of our agenda that

221
01:00:31,160 --> 01:00:32,800
we have here today.

222
01:00:32,800 --> 01:00:36,120
Moving on to number 4.1, it's a bit of a

223
01:00:36,120 --> 01:00:38,400
mislabel here that we have right now.

224
01:00:38,400 --> 01:00:40,360
What we wanted to do was we've had a bit

225
01:00:40,360 --> 01:00:43,280
of an urgent item that has come.

226
01:00:43,280 --> 01:00:45,000
One of the things that this council was

227
01:00:45,000 --> 01:00:46,840
acutely aware of

228
01:00:46,840 --> 01:00:50,040
is the need for us to see upgrades

229
01:00:50,040 --> 01:00:52,080
happen at Chestermere Boulevard, 17th

230
01:00:52,080 --> 01:00:54,960
Avenue, 284, the intersection that is

231
01:00:54,960 --> 01:00:57,160
284 and Chestermere Boulevard, then as

232
01:00:57,160 --> 01:00:58,560
well as

233
01:00:58,560 --> 01:01:00,120
certainly at least the twinning of

234
01:01:00,120 --> 01:01:03,200
Chestermere Boulevard and 17th Avenue.

235
01:01:03,200 --> 01:01:05,400
We had an intermunicipal committee

236
01:01:05,400 --> 01:01:06,320
meeting

237
01:01:06,320 --> 01:01:09,040
last Friday and at that meeting

238
01:01:09,040 --> 01:01:11,880
both Councillor Chabot and Councillor

239
01:01:11,880 --> 01:01:15,000
Clark talked about the idea of and

240
01:01:15,000 --> 01:01:18,040
encouraged for the city of Chestermere

241
01:01:18,040 --> 01:01:20,880
to write a letter to the city of Calgary

242
01:01:20,880 --> 01:01:22,640
outlining

243
01:01:22,640 --> 01:01:23,720
again

244
01:01:23,720 --> 01:01:25,680
the importance of this. This has been a

245
01:01:25,680 --> 01:01:28,840
ongoing conversation since this council

246
01:01:28,840 --> 01:01:30,560
was elected last term as well as this

247
01:01:30,560 --> 01:01:32,120
term as well as previous councils have

248
01:01:32,120 --> 01:01:33,960
been having it as well.

249
01:01:33,960 --> 01:01:36,520
But we have certainly been

250
01:01:36,520 --> 01:01:38,680
quite

251
01:01:38,680 --> 01:01:41,320
diligent in this conversation. So with

252
01:01:41,320 --> 01:01:42,480
that

253
01:01:42,480 --> 01:01:46,040
wanted to bring forward the idea that

254
01:01:46,040 --> 01:01:48,160
this is regarding Range Road 284 and

255
01:01:48,160 --> 01:01:50,080
17th Avenue intersection improvements

256
01:01:50,080 --> 01:01:51,640
and the twinning of Chestermere

257
01:01:51,640 --> 01:01:53,840
Boulevard 17th Avenue. Whereas the

258
01:01:53,840 --> 01:01:56,360
intersection of Range Road 284 and 17th

259
01:01:56,360 --> 01:01:58,920
Avenue has reached a critical threshold

260
01:01:58,920 --> 01:02:00,560
requiring safety enhancements and

261
01:02:00,560 --> 01:02:02,000
long-term improvements to support

262
01:02:02,000 --> 01:02:04,400
existing residential traffic and planned

263
01:02:04,400 --> 01:02:06,040
regional growth.

264
01:02:06,040 --> 01:02:08,360
And whereas this intersection serves

265
01:02:08,360 --> 01:02:09,600
residents of both the city of

266
01:02:09,600 --> 01:02:11,640
Chestermere and the city of Calgary

267
01:02:11,640 --> 01:02:13,320
necessitating a collaborative

268
01:02:13,320 --> 01:02:15,600
intermunicipal approach to regional

269
01:02:15,600 --> 01:02:17,960
infrastructure safety and connectivity.

270
01:02:17,960 --> 01:02:20,240
And whereas Chestermere Boulevard 17th

271
01:02:20,240 --> 01:02:22,080
Avenue serves as an economic corridor

272
01:02:22,080 --> 01:02:24,440
and that many residents who work in

273
01:02:24,440 --> 01:02:26,360
Calgary and conversely residents who

274
01:02:26,360 --> 01:02:28,560
work in Chestermere and live in Calgary

275
01:02:28,560 --> 01:02:30,640
utilize this roadway on a daily basis to

276
01:02:30,640 --> 01:02:32,920
get to and from work. And whereas the

277
01:02:32,920 --> 01:02:34,840
twinning of Chestermere Boulevard 17th

278
01:02:34,840 --> 01:02:37,080
Avenue and the future plans for transit

279
01:02:37,080 --> 01:02:38,720
will have a positive impact on

280
01:02:38,720 --> 01:02:40,080
businesses in both Chestermere and

281
01:02:40,080 --> 01:02:41,160
Calgary.

282
01:02:41,160 --> 01:02:43,800
And so we are preparing a motion here

283
01:02:43,800 --> 01:02:45,320
that I would like to bring up on the

284
01:02:45,320 --> 01:02:46,440
screen.

285
01:02:46,440 --> 01:02:49,000
And the motion that I'm seeking from

286
01:02:49,000 --> 01:02:50,720
council is that council direct the mayor

287
01:02:50,720 --> 01:02:52,680
to write a letter on behalf of the city

288
01:02:52,680 --> 01:02:54,480
of Chestermere to Calgary City Council

289
01:02:54,480 --> 01:02:56,760
outlining the urgent need

290
01:02:56,760 --> 01:02:58,840
for the intersection at 284 and

291
01:02:58,840 --> 01:03:00,960
Chestermere Boulevard/17th Avenue to be

292
01:03:00,960 --> 01:03:02,000
upgraded and that Chestermere

293
01:03:02,000 --> 01:03:04,160
Boulevard/17th Avenue be twinned. The

294
01:03:04,160 --> 01:03:05,320
city of Chestermere is requesting

295
01:03:05,320 --> 01:03:06,960
partnership with the city of Calgary on

296
01:03:06,960 --> 01:03:08,680
the work that is being done along this

297
01:03:08,680 --> 01:03:11,040
corridor. The letter will also outline

298
01:03:11,040 --> 01:03:12,800
both interim and long-term measures as

299
01:03:12,800 --> 01:03:15,080
well as the below. A summary of steps

300
01:03:15,080 --> 01:03:17,720
taken to date, work currently underway,

301
01:03:17,720 --> 01:03:19,600
the specific outcomes being requested of

302
01:03:19,600 --> 01:03:21,800
the city of Calgary including agreements

303
01:03:21,800 --> 01:03:23,720
to a joint staff level work plan

304
01:03:23,720 --> 01:03:25,840
timeline, and identified points of

305
01:03:25,840 --> 01:03:28,040
contact from both municipalities, and

306
01:03:28,040 --> 01:03:29,880
the rationale for urgency related to the

307
01:03:29,880 --> 01:03:31,240
safety of residents in both

308
01:03:31,240 --> 01:03:33,520
municipalities, and to support planned

309
01:03:33,520 --> 01:03:35,560
growth and activity, and that the city

310
01:03:35,560 --> 01:03:37,200
of Calgary be invited to identify a

311
01:03:37,200 --> 01:03:39,560
project lead and share a proposed

312
01:03:39,560 --> 01:03:41,440
timeline for interim measures and a

313
01:03:41,440 --> 01:03:44,480
long-term solution. So, again, this is

314
01:03:44,480 --> 01:03:47,400
continuing on that work, but really

315
01:03:47,400 --> 01:03:49,160
taking the conversations that we have

316
01:03:49,160 --> 01:03:50,400
been having

317
01:03:50,400 --> 01:03:51,880
through our intermunicipal committee

318
01:03:51,880 --> 01:03:52,920
meetings,

319
01:03:52,920 --> 01:03:56,120
as well as on whenever we see elected

320
01:03:56,120 --> 01:03:58,200
officials from Calgary at any of the

321
01:03:58,200 --> 01:03:59,880
conferences that we're at, this

322
01:03:59,880 --> 01:04:02,000
conversation comes up from every member

323
01:04:02,000 --> 01:04:03,480
of this council,

324
01:04:03,480 --> 01:04:05,680
and and it has come up often, and so

325
01:04:05,680 --> 01:04:07,560
what we're doing here is

326
01:04:07,560 --> 01:04:10,040
really formalizing that process

327
01:04:10,040 --> 01:04:12,600
with this motion. And so, if I may, if I

328
01:04:12,600 --> 01:04:14,520
could have a counselor make the

329
01:04:14,520 --> 01:04:16,880
following motion, please. Counselor

330
01:04:16,880 --> 01:04:18,840
Schindler.

331
01:04:18,840 --> 01:04:20,560
Absolutely.

332
01:04:20,560 --> 01:04:21,680
Um

333
01:04:21,680 --> 01:04:23,480
I move that council direct the mayor to

334
01:04:23,480 --> 01:04:25,320
write a letter on behalf of the city of

335
01:04:25,320 --> 01:04:27,880
Chestermere to Calgary City Council

336
01:04:27,880 --> 01:04:29,880
outlining the urgent need for the

337
01:04:29,880 --> 01:04:33,480
intersection at 284 and Chestermere

338
01:04:33,480 --> 01:04:36,320
Boulevard 17 and 17th Avenue to be

339
01:04:36,320 --> 01:04:38,000
upgraded.

340
01:04:38,000 --> 01:04:40,040
And that Chestermere Boulevard 17th

341
01:04:40,040 --> 01:04:42,280
Avenue be twinned. The city of

342
01:04:42,280 --> 01:04:44,160
Chestermere is requesting partnership

343
01:04:44,160 --> 01:04:46,040
with the city of Calgary on the work to

344
01:04:46,040 --> 01:04:48,600
be done along this corridor.

345
01:04:48,600 --> 01:04:51,600
The letter will outline both interim and

346
01:04:51,600 --> 01:04:54,280
long-term measures, as well as the

347
01:04:54,280 --> 01:04:57,520
below. A, a summary of steps

348
01:04:57,520 --> 01:04:59,800
taken to date. B, work currently

349
01:04:59,800 --> 01:05:03,120
underway. C, the specific outcomes being

350
01:05:03,120 --> 01:05:05,080
requested of the city of Calgary

351
01:05:05,080 --> 01:05:08,200
including agreement to a joint staff

352
01:05:08,200 --> 01:05:10,960
level work plan timeline.

353
01:05:10,960 --> 01:05:14,160
And identified points of contact from

354
01:05:14,160 --> 01:05:18,200
both municipalities and D, the rationale

355
01:05:18,200 --> 01:05:20,480
for urgency related to the safety of

356
01:05:20,480 --> 01:05:23,120
residents in both municipalities and to

357
01:05:23,120 --> 01:05:25,920
support planned growth and connectivity.

358
01:05:25,920 --> 01:05:28,200
Uh and that the city of Calgary be

359
01:05:28,200 --> 01:05:31,120
invited to identify a project lead and

360
01:05:31,120 --> 01:05:33,560
share the proposed timelines for interim

361
01:05:33,560 --> 01:05:37,160
measures and long-term solution.

362
01:05:37,160 --> 01:05:38,200
Thank you.

363
01:05:38,200 --> 01:05:41,870
Uh comments, questions from council?

364
01:05:41,880 --> 01:05:44,240
Call for the vote.

365
01:05:44,240 --> 01:05:45,880
Councillor uh sorry, Deputy Mayor Ryan,

366
01:05:45,880 --> 01:05:47,600
do you vote in favor?

367
01:05:47,600 --> 01:05:50,120
Yes, in favor. Thank you.

368
01:05:50,120 --> 01:05:51,920
And that's carried unanimously. Thank

369
01:05:51,920 --> 01:05:52,840
you.

370
01:05:52,840 --> 01:05:55,400
Okay, we're now going to move on to our

371
01:05:55,400 --> 01:05:59,040
budget and uh final operating and uh

372
01:05:59,040 --> 01:06:01,560
budget and capital budget conversations.

373
01:06:01,560 --> 01:06:03,760
And I believe that this is uh being

374
01:06:03,760 --> 01:06:07,320
presented by Mr. Mark Shonkin or CAO Mr.

375
01:06:07,320 --> 01:06:09,800
Edney. So, CAO, who am I turning it over

376
01:06:09,800 --> 01:06:12,440
to? Mr. Edney.

377
01:06:12,440 --> 01:06:13,360
Yeah, thank you, Mayor Dean. Good

378
01:06:13,360 --> 01:06:15,320
morning, council. Uh so, I'll take the

379
01:06:15,320 --> 01:06:17,960
presentation part of I guess this budget

380
01:06:17,960 --> 01:06:20,640
update. Uh so, this is uh intended to be

381
01:06:20,640 --> 01:06:22,600
a continuation of the discussion that we

382
01:06:22,600 --> 01:06:23,600
had

383
01:06:23,600 --> 01:06:26,040
um not last week, but the week prior uh

384
01:06:26,040 --> 01:06:27,320
when council called this special

385
01:06:27,320 --> 01:06:29,480
meeting. Uh at that time, there were

386
01:06:29,480 --> 01:06:31,600
some requests from council coming out of

387
01:06:31,600 --> 01:06:34,080
that meeting. Um the takeaways that

388
01:06:34,080 --> 01:06:36,280
administration had was a reconciliation

389
01:06:36,280 --> 01:06:38,600
of salaries and wages to date so far in

390
01:06:38,600 --> 01:06:40,360
2026.

391
01:06:40,360 --> 01:06:42,600
The events budget comparison between

392
01:06:42,600 --> 01:06:45,400
2025 to 2026.

393
01:06:45,400 --> 01:06:47,760
Uh the department by department rolled

394
01:06:47,760 --> 01:06:49,760
up budgets. Um those were included

395
01:06:49,760 --> 01:06:52,120
originally in the interim budget package

396
01:06:52,120 --> 01:06:54,360
and council now has a

397
01:06:54,360 --> 01:06:55,320
um

398
01:06:55,320 --> 01:06:57,760
a consolidation of just the information

399
01:06:57,760 --> 01:07:00,840
that was related to to the um individual

400
01:07:00,840 --> 01:07:02,720
departments in front of you. We don't

401
01:07:02,720 --> 01:07:05,280
plan to discuss that in detail unless

402
01:07:05,280 --> 01:07:07,520
there's any questions from council. And

403
01:07:07,520 --> 01:07:09,200
then there was a discussion around what

404
01:07:09,200 --> 01:07:10,720
should we be

405
01:07:10,720 --> 01:07:14,560
saving or tax impacts towards individual

406
01:07:14,560 --> 01:07:17,880
um capital project items coming up. So,

407
01:07:17,880 --> 01:07:20,440
this presentation, it's a short one. Um

408
01:07:20,440 --> 01:07:22,240
it's relatively quick. I'll walk through

409
01:07:22,240 --> 01:07:23,920
it with some of that information and

410
01:07:23,920 --> 01:07:26,440
then open up the floor to discussion,

411
01:07:26,440 --> 01:07:29,920
questions. Um we're still assuming that

412
01:07:29,920 --> 01:07:31,720
um either in front of you or you have

413
01:07:31,720 --> 01:07:33,240
access to the interim budget

414
01:07:33,240 --> 01:07:36,200
presentations as well as the full final

415
01:07:36,200 --> 01:07:38,960
um operating capital budget presentation

416
01:07:38,960 --> 01:07:40,920
that we had discussed in the previous

417
01:07:40,920 --> 01:07:43,880
meeting. So, with that, um if you can

418
01:07:43,880 --> 01:07:45,600
just jump to the next slide there, Led

419
01:07:45,600 --> 01:07:48,080
Services for me. So, one of the things

420
01:07:48,080 --> 01:07:50,080
that wasn't a direct takeaway, but there

421
01:07:50,080 --> 01:07:54,240
was a lot of questions um about was what

422
01:07:54,240 --> 01:07:56,640
drives our surplus and and where does

423
01:07:56,640 --> 01:07:58,440
our surplus potentially come from in

424
01:07:58,440 --> 01:08:01,040
2025? So, this is a statement of the

425
01:08:01,040 --> 01:08:03,240
2025 operations that comes from the

426
01:08:03,240 --> 01:08:05,200
audited financial statements that

427
01:08:05,200 --> 01:08:07,760
council approved at the last meeting.

428
01:08:07,760 --> 01:08:08,840
Um

429
01:08:08,840 --> 01:08:11,560
there's really four key areas um where

430
01:08:11,560 --> 01:08:13,400
the variance occurred.

431
01:08:13,400 --> 01:08:15,240
Um in the revenue side, it's under

432
01:08:15,240 --> 01:08:17,759
licenses and permits. And then in

433
01:08:17,759 --> 01:08:19,359
investment income. And I'll talk a

434
01:08:19,359 --> 01:08:20,920
little bit about those details on the

435
01:08:20,920 --> 01:08:23,600
next the next slide. So, really led us

436
01:08:23,600 --> 01:08:27,279
to $3.6 million of extra revenue that

437
01:08:27,279 --> 01:08:29,759
wasn't budgeted for. On the expense

438
01:08:29,759 --> 01:08:31,720
side, um

439
01:08:31,720 --> 01:08:34,960
most of the driver was in our purchases

440
01:08:34,960 --> 01:08:37,480
from other governments. So, that's our

441
01:08:37,480 --> 01:08:39,920
RCMP contract was our biggest driver of

442
01:08:39,920 --> 01:08:42,680
that one, as well as some uh small

443
01:08:42,680 --> 01:08:46,160
savings in we budget for mutual aid um

444
01:08:46,160 --> 01:08:48,560
in the fire department um with other

445
01:08:48,560 --> 01:08:50,120
communities. If we don't need their

446
01:08:50,120 --> 01:08:53,000
mutual aid, then we don't uh we don't

447
01:08:53,000 --> 01:08:55,759
use it. So, fortunately last year, we

448
01:08:55,759 --> 01:08:57,520
didn't need uh didn't need aid from our

449
01:08:57,520 --> 01:09:00,400
counterparts as much. And then um

450
01:09:00,400 --> 01:09:02,839
the second driver on the expense side is

451
01:09:02,839 --> 01:09:05,720
the contracted and general services. So,

452
01:09:05,720 --> 01:09:08,080
if we can flip to the next side

453
01:09:08,080 --> 01:09:10,000
next slide, sorry.

454
01:09:10,000 --> 01:09:12,120
Um again, we've talked about this a

455
01:09:12,120 --> 01:09:15,240
couple of times. One of our big revenue

456
01:09:15,240 --> 01:09:17,240
items on

457
01:09:17,240 --> 01:09:19,600
on the operating budget side is the

458
01:09:19,600 --> 01:09:21,680
revenue we receive from development

459
01:09:21,680 --> 01:09:23,880
permits, building permits, safety code

460
01:09:23,880 --> 01:09:25,400
inspections,

461
01:09:25,400 --> 01:09:28,080
um all those things that come with

462
01:09:28,080 --> 01:09:34,590
development. Uh so, we've seen obviously

463
01:09:34,600 --> 01:09:36,480
significant growth.

464
01:09:36,480 --> 01:09:37,160
Um

465
01:09:37,160 --> 01:09:38,920
looking for the right word to accurately

466
01:09:38,920 --> 01:09:41,200
describe it. Significant growth in the

467
01:09:41,200 --> 01:09:43,680
past 4 or 5 years and

468
01:09:43,680 --> 01:09:46,480
um you know, relatively it's it's

469
01:09:46,480 --> 01:09:50,759
roughly 20% 20 to 25% of our property

470
01:09:50,759 --> 01:09:53,319
tax. What we charge in property tax is

471
01:09:53,319 --> 01:09:55,640
also comes in in building permits and

472
01:09:55,640 --> 01:09:57,760
fees. So, one of the things when we're

473
01:09:57,760 --> 01:10:00,760
budgeting this is we don't want to over

474
01:10:00,760 --> 01:10:02,760
budget what we expect from this because

475
01:10:02,760 --> 01:10:04,320
that will create a deficit, but we're

476
01:10:04,320 --> 01:10:07,240
also cognizant not to

477
01:10:07,240 --> 01:10:09,360
um try to under budget too much. What

478
01:10:09,360 --> 01:10:12,400
happened last year is right around

479
01:10:12,400 --> 01:10:14,320
um budget time, uh the Trump

480
01:10:14,320 --> 01:10:16,920
administration imposed their tariffs.

481
01:10:16,920 --> 01:10:18,080
We weren't sure what was going to

482
01:10:18,080 --> 01:10:20,160
happen. We discussed it at at budget

483
01:10:20,160 --> 01:10:22,480
time that it was better to anticipate a

484
01:10:22,480 --> 01:10:24,360
slowdown. We didn't quite see the

485
01:10:24,360 --> 01:10:26,720
slowdown the way we thought. So, the

486
01:10:26,720 --> 01:10:29,440
main driver of that $2.3 million is

487
01:10:29,440 --> 01:10:32,800
actually increased

488
01:10:32,800 --> 01:10:36,200
um building permits fees relative to

489
01:10:36,200 --> 01:10:38,760
what we budgeted. Um if you remember

490
01:10:38,760 --> 01:10:40,760
back in the final budget presentation,

491
01:10:40,760 --> 01:10:42,600
Mr. Schonkan showed that well, it was

492
01:10:42,600 --> 01:10:45,240
above budget, it actually did slow down

493
01:10:45,240 --> 01:10:46,760
from the year before, and we did have

494
01:10:46,760 --> 01:10:49,080
less permits than the year before. We

495
01:10:49,080 --> 01:10:51,240
just had more than we expected in that

496
01:10:51,240 --> 01:10:53,520
case. So, that's the main driver in the

497
01:10:53,520 --> 01:10:56,040
in the license and and fees.

498
01:10:56,040 --> 01:10:58,120
Um the second one is the increased

499
01:10:58,120 --> 01:10:59,680
investment income.

500
01:10:59,680 --> 01:11:01,720
Uh, Mr. Schaupmann can talk to this

501
01:11:01,720 --> 01:11:04,080
better, but one of our assumptions and

502
01:11:04,080 --> 01:11:06,840
one of our challenges we've had um,

503
01:11:06,840 --> 01:11:08,720
in the organization over the last few

504
01:11:08,720 --> 01:11:10,680
years is really effectively actually

505
01:11:10,680 --> 01:11:13,320
spending our capital budget money. Um,

506
01:11:13,320 --> 01:11:14,720
you know, we saw that last year with

507
01:11:14,720 --> 01:11:16,400
some projects kicking off in the fall

508
01:11:16,400 --> 01:11:18,520
when we thought they'd be kicking off

509
01:11:18,520 --> 01:11:20,200
earlier. So, when that money is sitting

510
01:11:20,200 --> 01:11:21,960
in our account, it's now earning us

511
01:11:21,960 --> 01:11:24,080
investment income rather than when it's

512
01:11:24,080 --> 01:11:26,360
been used to pay bills. So, this is a

513
01:11:26,360 --> 01:11:28,840
function um, and then he can elaborate

514
01:11:28,840 --> 01:11:30,800
more if you have more questions of just

515
01:11:30,800 --> 01:11:32,800
having cash in our

516
01:11:32,800 --> 01:11:34,560
bank account longer than we thought we

517
01:11:34,560 --> 01:11:36,720
would. Just the timing of paying bills.

518
01:11:36,720 --> 01:11:40,240
So, we did see about $1.3 million extra

519
01:11:40,240 --> 01:11:42,520
uh, than we had originally budgeted for.

520
01:11:42,520 --> 01:11:44,520
Um, I talked on the last slide in a

521
01:11:44,520 --> 01:11:46,240
little bit of detail about the purchases

522
01:11:46,240 --> 01:11:48,240
from other governments. Um,

523
01:11:48,240 --> 01:11:50,920
the big reduction is the

524
01:11:50,920 --> 01:11:53,080
uh, number of personnel we had in place

525
01:11:53,080 --> 01:11:55,560
with the RCMP. Uh, we've talked about

526
01:11:55,560 --> 01:11:57,280
this again at the budgeting, but for

527
01:11:57,280 --> 01:12:00,360
reference, we have to make a estimate of

528
01:12:00,360 --> 01:12:02,560
what we expect the staffing complement

529
01:12:02,560 --> 01:12:05,240
to be in the RCMP through the year. And

530
01:12:05,240 --> 01:12:07,360
while we budget for that, they only bill

531
01:12:07,360 --> 01:12:09,080
us on actual

532
01:12:09,080 --> 01:12:11,440
um, full-time equivalent members, and

533
01:12:11,440 --> 01:12:13,920
they do it to two decimal places. So,

534
01:12:13,920 --> 01:12:16,520
they they track in great detail the

535
01:12:16,520 --> 01:12:18,400
number of days that a a member is

536
01:12:18,400 --> 01:12:19,480
working.

537
01:12:19,480 --> 01:12:21,840
And so, when we have situations where

538
01:12:21,840 --> 01:12:25,400
people are off on leave or um, that kind

539
01:12:25,400 --> 01:12:27,240
of thing and the position isn't able to

540
01:12:27,240 --> 01:12:29,520
be backfilled, we then see a savings

541
01:12:29,520 --> 01:12:32,800
there. So, again, we're generally

542
01:12:32,800 --> 01:12:35,760
budgeting for

543
01:12:35,760 --> 01:12:38,000
not a full complement. Again, I think

544
01:12:38,000 --> 01:12:39,960
we've talked about this publicly that

545
01:12:39,960 --> 01:12:42,800
um, you know, we're shooting for 25, but

546
01:12:42,800 --> 01:12:45,240
um, we're budgeting for 21 officers. And

547
01:12:45,240 --> 01:12:47,760
then so, if we only see 19 as an

548
01:12:47,760 --> 01:12:50,320
equivalent, we get that uh, refund back

549
01:12:50,320 --> 01:12:52,000
for the two in between. So, that's the

550
01:12:52,000 --> 01:12:54,280
driver of that reduction. We didn't

551
01:12:54,280 --> 01:12:55,960
quite see the staffing levels we'd hoped

552
01:12:55,960 --> 01:12:58,400
for in the RCMP last year.

553
01:12:58,400 --> 01:13:00,560
And then really on the contracted

554
01:13:00,560 --> 01:13:04,040
services um

555
01:13:04,040 --> 01:13:06,360
with the transition

556
01:13:06,360 --> 01:13:08,560
of the organization, I think is the best

557
01:13:08,560 --> 01:13:10,680
way to put it, you know, we're we're

558
01:13:10,680 --> 01:13:13,360
trying to catch up from the significant

559
01:13:13,360 --> 01:13:15,520
uh turnover that the organization

560
01:13:15,520 --> 01:13:17,040
experienced before this council and

561
01:13:17,040 --> 01:13:19,360
before I came on. Uh so, we had a lot of

562
01:13:19,360 --> 01:13:21,080
projects that we were planning to do, a

563
01:13:21,080 --> 01:13:23,120
lot of projects catching up on things

564
01:13:23,120 --> 01:13:24,720
that the community needed. So, we had a

565
01:13:24,720 --> 01:13:26,320
pretty significant

566
01:13:26,320 --> 01:13:29,800
contracted services budget last year. Um

567
01:13:29,800 --> 01:13:31,920
this difference is again really just

568
01:13:31,920 --> 01:13:34,240
from us being able to fill some key

569
01:13:34,240 --> 01:13:37,120
positions in the organization, then not

570
01:13:37,120 --> 01:13:39,720
needing to use a consultant, or it was

571
01:13:39,720 --> 01:13:41,760
some projects that got deferred into

572
01:13:41,760 --> 01:13:43,480
into this year that we didn't actually

573
01:13:43,480 --> 01:13:46,720
execute on last year. So, um

574
01:13:46,720 --> 01:13:49,080
you know, again

575
01:13:49,080 --> 01:13:52,960
um with maybe the exception of the RCMP,

576
01:13:52,960 --> 01:13:55,520
generally the four items leading to that

577
01:13:55,520 --> 01:13:58,400
surplus were something that I don't want

578
01:13:58,400 --> 01:14:00,360
to use the term one-time things, but

579
01:14:00,360 --> 01:14:02,520
they're not

580
01:14:02,520 --> 01:14:03,920
they're a little bit more of an art than

581
01:14:03,920 --> 01:14:06,120
a science um when it comes to budgeting

582
01:14:06,120 --> 01:14:09,240
than say personnel is or our sand budget

583
01:14:09,240 --> 01:14:11,480
or our gravel budget or our

584
01:14:11,480 --> 01:14:13,720
budget to mow the parks. We can be a lot

585
01:14:13,720 --> 01:14:16,120
closer on that because we've got

586
01:14:16,120 --> 01:14:17,800
a consistent repetitive history of

587
01:14:17,800 --> 01:14:18,880
those. So,

588
01:14:18,880 --> 01:14:20,680
um those are the four items that really

589
01:14:20,680 --> 01:14:23,480
led to the surplus last year.

590
01:14:23,480 --> 01:14:25,720
Um I don't know if you want to jump in

591
01:14:25,720 --> 01:14:27,680
and ask questions as we go or let me get

592
01:14:27,680 --> 01:14:29,520
through to the end and come back. I'm

593
01:14:29,520 --> 01:14:31,760
easy either way.

594
01:14:31,760 --> 01:14:35,800
Uh one of the other questions was um and

595
01:14:35,800 --> 01:14:39,080
we'd had some comments in the past about

596
01:14:39,080 --> 01:14:41,880
personnel being a huge variance item.

597
01:14:41,880 --> 01:14:44,120
And I believe in the years sort of from

598
01:14:44,120 --> 01:14:46,000
2021

599
01:14:46,000 --> 01:14:47,800
through to 2024,

600
01:14:47,800 --> 01:14:50,600
uh personnel was a big variance. We've

601
01:14:50,600 --> 01:14:54,280
talked extensively of 70% turnover. Um

602
01:14:54,280 --> 01:14:57,560
turnover is different when somebody is

603
01:14:57,560 --> 01:14:59,280
um

604
01:14:59,280 --> 01:15:01,760
terminated without cause, there usually

605
01:15:01,760 --> 01:15:03,760
some sort of severance payment that goes

606
01:15:03,760 --> 01:15:06,200
to them that then essentially takes up

607
01:15:06,200 --> 01:15:07,720
the time in between it takes to get a

608
01:15:07,720 --> 01:15:10,240
new body in. But in this case, it was

609
01:15:10,240 --> 01:15:12,040
often people leaving. So when people

610
01:15:12,040 --> 01:15:15,600
leave of their own accord, that 2 months

611
01:15:15,600 --> 01:15:17,360
or 3 months in between where it takes to

612
01:15:17,360 --> 01:15:18,920
hire somebody new does become a

613
01:15:18,920 --> 01:15:21,400
personnel saving. So when you look back

614
01:15:21,400 --> 01:15:22,600
at the

615
01:15:22,600 --> 01:15:23,720
um

616
01:15:23,720 --> 01:15:26,840
variances in those years, it's typically

617
01:15:26,840 --> 01:15:28,360
driven by

618
01:15:28,360 --> 01:15:30,920
um the issues in the personnel budget.

619
01:15:30,920 --> 01:15:32,840
Um last year's actually, if you look at

620
01:15:32,840 --> 01:15:34,800
the personnel budget directly, we were

621
01:15:34,800 --> 01:15:37,640
actually about $8,000 over when it came

622
01:15:37,640 --> 01:15:39,280
uh at the end of the day through the

623
01:15:39,280 --> 01:15:41,120
audited financial statements. Again,

624
01:15:41,120 --> 01:15:42,520
council had a

625
01:15:42,520 --> 01:15:45,080
robust discussion about um the effort

626
01:15:45,080 --> 01:15:47,080
that went into the financial statements

627
01:15:47,080 --> 01:15:48,680
and the accounting since Mr. Schonken

628
01:15:48,680 --> 01:15:50,760
has been here at this point. So um we

629
01:15:50,760 --> 01:15:53,600
didn't see the same extent in salaries

630
01:15:53,600 --> 01:15:55,600
and wages that we expected to

631
01:15:55,600 --> 01:15:57,640
last year. When you look at this year so

632
01:15:57,640 --> 01:15:58,680
far,

633
01:15:58,680 --> 01:16:00,920
um doing the quick reconciliation, it's

634
01:16:00,920 --> 01:16:02,360
always tougher

635
01:16:02,360 --> 01:16:06,440
early on in the year. A lot of our um

636
01:16:06,440 --> 01:16:08,320
items that are shown on here like

637
01:16:08,320 --> 01:16:10,440
pension, Canada Pension Plan, Employment

638
01:16:10,440 --> 01:16:11,880
Insurance,

639
01:16:11,880 --> 01:16:14,640
um pension contributions are related to

640
01:16:14,640 --> 01:16:16,280
a person's salary,

641
01:16:16,280 --> 01:16:19,720
but they also max out where you only put

642
01:16:19,720 --> 01:16:21,960
in a limited amount. So at the start of

643
01:16:21,960 --> 01:16:23,000
the year,

644
01:16:23,000 --> 01:16:25,400
um you're generally for Canada Pension

645
01:16:25,400 --> 01:16:27,000
Plan, Employment Insurance going to

646
01:16:27,000 --> 01:16:29,320
overspend and then catch up as the year

647
01:16:29,320 --> 01:16:31,440
goes on as most employees at some point

648
01:16:31,440 --> 01:16:33,160
throughout the year stop contributing to

649
01:16:33,160 --> 01:16:36,360
those. Um and again, pension is a direct

650
01:16:36,360 --> 01:16:38,560
relation to salaries and wages. It's a

651
01:16:38,560 --> 01:16:40,800
percentage of your salary. So when we're

652
01:16:40,800 --> 01:16:42,480
underspent on salaries and wages, we're

653
01:16:42,480 --> 01:16:45,120
going to be under spent on pension as

654
01:16:45,120 --> 01:16:46,760
well as uh

655
01:16:46,760 --> 01:16:48,920
um

656
01:16:48,920 --> 01:16:50,640
yeah, contributions for benefits as

657
01:16:50,640 --> 01:16:51,880
well. Um

658
01:16:51,880 --> 01:16:54,040
WCB, we've talked about that as a

659
01:16:54,040 --> 01:16:55,720
separate line item

660
01:16:55,720 --> 01:16:57,400
um as an adjustment to the budget. This

661
01:16:57,400 --> 01:16:58,880
is a comparison to the budget we're

662
01:16:58,880 --> 01:17:00,520
working under right now, which is the

663
01:17:00,520 --> 01:17:02,760
interim operating budget as that

664
01:17:02,760 --> 01:17:05,400
increase to WCB hasn't been approved. Uh

665
01:17:05,400 --> 01:17:07,080
Mr. Sheedy talked about that, I think,

666
01:17:07,080 --> 01:17:08,920
at the last meeting of uh the

667
01:17:08,920 --> 01:17:11,760
significant increase we're seeing in WCB

668
01:17:11,760 --> 01:17:13,360
due to a few

669
01:17:13,360 --> 01:17:15,760
um unfortunate items over the past

670
01:17:15,760 --> 01:17:17,560
couple of years that have just taken a

671
01:17:17,560 --> 01:17:19,520
really long time for workers to get back

672
01:17:19,520 --> 01:17:22,600
to work. So, generally, we're sitting um

673
01:17:22,600 --> 01:17:25,040
I think in a relatively good position.

674
01:17:25,040 --> 01:17:28,160
Um we're about $60,000 under spent.

675
01:17:28,160 --> 01:17:32,200
Um a big amount of that variance is um

676
01:17:32,200 --> 01:17:33,760
we're still continuing to bring people

677
01:17:33,760 --> 01:17:36,240
in on the new positions that were hired.

678
01:17:36,240 --> 01:17:38,920
Um you're seeing a lot of new faces come

679
01:17:38,920 --> 01:17:41,520
into city hall. I do expect that

680
01:17:41,520 --> 01:17:43,360
variance to tighten up as the year goes

681
01:17:43,360 --> 01:17:46,480
on. One important point in here is with

682
01:17:46,480 --> 01:17:48,400
the vacancies we do have, we've already

683
01:17:48,400 --> 01:17:53,280
incorporated a 3% vacancy rate into

684
01:17:53,280 --> 01:17:55,480
these numbers that are shown here. So,

685
01:17:55,480 --> 01:17:57,600
the budget number actually assumes that

686
01:17:57,600 --> 01:18:00,480
we're only running at 97%

687
01:18:00,480 --> 01:18:02,840
of what we would actually spend if we

688
01:18:02,840 --> 01:18:04,920
had 100% capacity at all the time. So,

689
01:18:04,920 --> 01:18:08,160
it's taking into account some of those

690
01:18:08,160 --> 01:18:10,000
um

691
01:18:10,000 --> 01:18:12,200
cases where people leave for another

692
01:18:12,200 --> 01:18:14,120
position somewhere or where it takes us

693
01:18:14,120 --> 01:18:16,240
a little bit longer to fill a new

694
01:18:16,240 --> 01:18:19,200
position than we originally anticipated.

695
01:18:19,200 --> 01:18:20,960
So, that's the reconciliation of where

696
01:18:20,960 --> 01:18:22,000
we are

697
01:18:22,000 --> 01:18:24,800
at as of April 17th. That was our last

698
01:18:24,800 --> 01:18:26,960
uh payday that we were able to to pull

699
01:18:26,960 --> 01:18:28,680
accurate numbers from.

700
01:18:28,680 --> 01:18:32,120
And coincidentally, it's exactly 1/3 uh

701
01:18:32,120 --> 01:18:33,960
through the year, so it made the math on

702
01:18:33,960 --> 01:18:36,880
the budget side easy.

703
01:18:36,880 --> 01:18:37,960
Um

704
01:18:37,960 --> 01:18:41,630
I think that's covered

705
01:18:41,640 --> 01:18:44,400
most of those um operating budget

706
01:18:44,400 --> 01:18:47,520
requests, I guess. The next slide I'll

707
01:18:47,520 --> 01:18:49,440
talk about capital project funding,

708
01:18:49,440 --> 01:18:51,960
which of course relates back to the

709
01:18:51,960 --> 01:18:54,960
operating budget in considering how

710
01:18:54,960 --> 01:18:57,560
council would like to um

711
01:18:57,560 --> 01:18:59,800
allocate funding for future

712
01:18:59,800 --> 01:19:04,590
um for future capital items.

713
01:19:04,600 --> 01:19:06,080
So, real quickly

714
01:19:06,080 --> 01:19:08,880
on this state on this page um if we work

715
01:19:08,880 --> 01:19:10,480
kind of left to right and top from

716
01:19:10,480 --> 01:19:11,600
bottom,

717
01:19:11,600 --> 01:19:14,320
um one of the things that Mr. Shaun Chen

718
01:19:14,320 --> 01:19:16,280
identified and talked about and has been

719
01:19:16,280 --> 01:19:18,600
talked about a lot at the provincial

720
01:19:18,600 --> 01:19:21,600
level of currently we do not have

721
01:19:21,600 --> 01:19:25,400
a consistent policy or a consistent um

722
01:19:25,400 --> 01:19:27,720
budget item where we put money away to

723
01:19:27,720 --> 01:19:30,520
our asset replacement. So, this isn't

724
01:19:30,520 --> 01:19:34,000
our new infrastructure. This isn't um

725
01:19:34,000 --> 01:19:35,520
stuff that's being built in the new

726
01:19:35,520 --> 01:19:37,680
communities. It's not new lift stations.

727
01:19:37,680 --> 01:19:39,680
It's not new roads. It's

728
01:19:39,680 --> 01:19:43,520
putting away savings for those items

729
01:19:43,520 --> 01:19:47,000
that are starting to age, are starting

730
01:19:47,000 --> 01:19:48,960
to deteriorate, are starting to look to

731
01:19:48,960 --> 01:19:51,000
need replacement. Uh we've been

732
01:19:51,000 --> 01:19:53,120
fortunate in the last few years and Mr.

733
01:19:53,120 --> 01:19:54,760
Shaun Chen talked about this before of

734
01:19:54,760 --> 01:19:56,400
we

735
01:19:56,400 --> 01:19:58,480
um

736
01:19:58,480 --> 01:20:00,600
use the term grossly cuz I think it was

737
01:20:00,600 --> 01:20:02,760
grossly underutilized

738
01:20:02,760 --> 01:20:05,520
our funding from the federal government

739
01:20:05,520 --> 01:20:07,480
and from the provincial government. Uh

740
01:20:07,480 --> 01:20:09,080
he talked about I think we're spending

741
01:20:09,080 --> 01:20:11,240
in the neighborhood of 13 million

742
01:20:11,240 --> 01:20:13,800
in grant funds on capital projects right

743
01:20:13,800 --> 01:20:15,960
now and we get about 2.8 million a year.

744
01:20:15,960 --> 01:20:18,120
So, it tells you how many years we're

745
01:20:18,120 --> 01:20:21,560
backed up in that kind of

746
01:20:21,560 --> 01:20:23,560
I think Mayor Deans calls them the

747
01:20:23,560 --> 01:20:25,280
the times the trouble times. What do you

748
01:20:25,280 --> 01:20:25,920
refer to them as?

749
01:20:25,920 --> 01:20:26,470
>> Situation.

750
01:20:26,470 --> 01:20:26,480
» Situation.

751
01:20:26,480 --> 01:20:27,870
>> The situation.

752
01:20:27,870 --> 01:20:27,880
» The situation.

753
01:20:27,880 --> 01:20:29,960
During the situations. Uh so, we're

754
01:20:29,960 --> 01:20:31,760
catching up on that. So, what this is

755
01:20:31,760 --> 01:20:33,040
looking at

756
01:20:33,040 --> 01:20:35,960
um that first line item of 2.279

757
01:20:35,960 --> 01:20:38,960
million, that's 60% of what we're

758
01:20:38,960 --> 01:20:40,960
carrying for amortization on those

759
01:20:40,960 --> 01:20:43,800
tangible assets. So, amortization is

760
01:20:43,800 --> 01:20:46,560
reflecting, you know, how

761
01:20:46,560 --> 01:20:48,880
your assets are aging, how your assets

762
01:20:48,880 --> 01:20:49,760
are

763
01:20:49,760 --> 01:20:51,400
coming towards the end of their useful

764
01:20:51,400 --> 01:20:54,720
life. Um a practice that Mr. Shoniker

765
01:20:54,720 --> 01:20:57,080
recommends is the council's putting away

766
01:20:57,080 --> 01:20:59,240
about 60% of that, and that's for those

767
01:20:59,240 --> 01:21:01,720
things um

768
01:21:01,720 --> 01:21:03,840
either A, that we're fortunate and can

769
01:21:03,840 --> 01:21:05,440
see in advance that something needs to

770
01:21:05,440 --> 01:21:08,280
be replaced before it fails. It's also

771
01:21:08,280 --> 01:21:09,720
those things like Calgary had with the

772
01:21:09,720 --> 01:21:12,160
Bearspaw feeder main um

773
01:21:12,160 --> 01:21:14,240
that you're not expecting to happen.

774
01:21:14,240 --> 01:21:15,960
This is putting money away for those

775
01:21:15,960 --> 01:21:17,880
type of of asset replacements and

776
01:21:17,880 --> 01:21:20,640
repairs as you go forward. So, um our

777
01:21:20,640 --> 01:21:24,280
recommendation is roughly 60% of of the

778
01:21:24,280 --> 01:21:26,160
amortization of all those assets. That's

779
01:21:26,160 --> 01:21:28,840
fleet vehicles, that's roads, sidewalks,

780
01:21:28,840 --> 01:21:31,000
um all the municipal infrastructure,

781
01:21:31,000 --> 01:21:33,920
buildings, city hall, fire station,

782
01:21:33,920 --> 01:21:37,080
community operations building, etc. Um

783
01:21:37,080 --> 01:21:39,360
of putting something away to save for

784
01:21:39,360 --> 01:21:41,200
those in the future. And Mr. Shoniker

785
01:21:41,200 --> 01:21:43,360
has talked about um what we currently

786
01:21:43,360 --> 01:21:46,760
have in in the reserve account um

787
01:21:46,760 --> 01:21:49,440
simply is there to manage that cash flow

788
01:21:49,440 --> 01:21:51,720
discrepancy throughout the year. It's

789
01:21:51,720 --> 01:21:55,160
not actual um cash that can necessarily

790
01:21:55,160 --> 01:21:57,560
be be used for funding at this point.

791
01:21:57,560 --> 01:21:59,280
So, the recommendation is to council to

792
01:21:59,280 --> 01:22:01,320
start building up

793
01:22:01,320 --> 01:22:04,320
that asset replacement fund. Um

794
01:22:04,320 --> 01:22:06,920
when you start working down again, um

795
01:22:06,920 --> 01:22:09,800
we've already presented the five-year

796
01:22:09,800 --> 01:22:11,480
capital budget. This is again just

797
01:22:11,480 --> 01:22:15,000
looking for '27 through '2030. Um and on

798
01:22:15,000 --> 01:22:17,760
that budget, um administration has

799
01:22:17,760 --> 01:22:19,480
identified which projects could be

800
01:22:19,480 --> 01:22:22,200
funded through the LGFF framework as

801
01:22:22,200 --> 01:22:25,080
well as the CCBF. CCBF is used to to

802
01:22:25,080 --> 01:22:27,080
referred to as the gas tax.

803
01:22:27,080 --> 01:22:29,240
So, after taking all of those projects

804
01:22:29,240 --> 01:22:31,320
out, um it left with this list of

805
01:22:31,320 --> 01:22:33,000
projects. Again, these haven't been

806
01:22:33,000 --> 01:22:36,000
approved. They're just on the budget as

807
01:22:36,000 --> 01:22:38,440
a um an indicator of things that

808
01:22:38,440 --> 01:22:40,720
administration has identified need to be

809
01:22:40,720 --> 01:22:42,440
used in the next year,

810
01:22:42,440 --> 01:22:45,080
um and what those look like.

811
01:22:45,080 --> 01:22:47,920
Um from sort of a a smaller capital

812
01:22:47,920 --> 01:22:49,880
project item.

813
01:22:49,880 --> 01:22:52,160
So, at the bottom, um I think this is

814
01:22:52,160 --> 01:22:53,840
that sort of request. This is trying to

815
01:22:53,840 --> 01:22:55,240
capture that request of what do we need

816
01:22:55,240 --> 01:22:57,760
to put money away for. Um we've only

817
01:22:57,760 --> 01:22:59,320
looked at

818
01:22:59,320 --> 01:23:02,320
the city portion of offsite land levy

819
01:23:02,320 --> 01:23:04,640
projects. So, the Dawson Landing Rec

820
01:23:04,640 --> 01:23:06,480
Facility right now, our share is just

821
01:23:06,480 --> 01:23:09,080
short of about $25 million.

822
01:23:09,080 --> 01:23:11,400
Uh the library, our share would be about

823
01:23:11,400 --> 01:23:13,760
$5 million, and then the replacement of

824
01:23:13,760 --> 01:23:17,240
the bridge is about in the $14 million

825
01:23:17,240 --> 01:23:18,560
um

826
01:23:18,560 --> 01:23:21,040
$14 million

827
01:23:21,040 --> 01:23:23,680
range, I guess, as per big projects that

828
01:23:23,680 --> 01:23:25,560
we see coming up over the next 4 years.

829
01:23:25,560 --> 01:23:26,440
So,

830
01:23:26,440 --> 01:23:28,480
what we've done administratively is

831
01:23:28,480 --> 01:23:31,960
break down for council, um

832
01:23:31,960 --> 01:23:34,880
what does this look like if you were to

833
01:23:34,880 --> 01:23:36,440
collect

834
01:23:36,440 --> 01:23:38,840
A, the asset replacement savings through

835
01:23:38,840 --> 01:23:40,800
property taxes.

836
01:23:40,800 --> 01:23:41,400
Um

837
01:23:41,400 --> 01:23:42,640
so,

838
01:23:42,640 --> 01:23:46,670
you'd be looking at

839
01:23:46,680 --> 01:23:49,720
bringing in about $14.76

840
01:23:49,720 --> 01:23:51,360
a month

841
01:23:51,360 --> 01:23:54,520
from your average $400,000 home, which

842
01:23:54,520 --> 01:23:57,200
would equate to about a 7.8%

843
01:23:57,200 --> 01:23:59,840
property tax increase from where rates

844
01:23:59,840 --> 01:24:01,480
are at today.

845
01:24:01,480 --> 01:24:02,840
Uh of course, if you had a

846
01:24:02,840 --> 01:24:06,000
million-dollar home, that $14.76 goes up

847
01:24:06,000 --> 01:24:08,800
by 50% to about $21.

848
01:24:08,800 --> 01:24:11,160
If you had a $350,000 home, well, it's

849
01:24:11,160 --> 01:24:14,160
cut in half to about $7 a month. Um so,

850
01:24:14,160 --> 01:24:17,120
as you work through down this sheet,

851
01:24:17,120 --> 01:24:18,840
what we've assumed

852
01:24:18,840 --> 01:24:22,760
um in all of the items below that is

853
01:24:22,760 --> 01:24:24,240
that those are being funded through

854
01:24:24,240 --> 01:24:25,200
debt.

855
01:24:25,200 --> 01:24:27,680
Um as we discussed, we don't have the

856
01:24:27,680 --> 01:24:29,920
savings right now to fund these through

857
01:24:29,920 --> 01:24:32,440
that. Um an option, of course, would be

858
01:24:32,440 --> 01:24:35,960
to start putting extra money aside for

859
01:24:35,960 --> 01:24:38,600
these particular items. Um you know,

860
01:24:38,600 --> 01:24:40,720
something we've talked about explicitly

861
01:24:40,720 --> 01:24:41,920
is

862
01:24:41,920 --> 01:24:44,760
uh the community's been planning

863
01:24:44,760 --> 01:24:46,520
a rec facility for somewhere in the

864
01:24:46,520 --> 01:24:48,160
neighborhood of 10 years, and we haven't

865
01:24:48,160 --> 01:24:51,360
put any city money away in that 10 years

866
01:24:51,360 --> 01:24:53,800
to pay for that rec facility.

867
01:24:53,800 --> 01:24:55,840
Um so now we're at the point where

868
01:24:55,840 --> 01:24:56,960
hopefully council's going to make a

869
01:24:56,960 --> 01:24:59,320
decision to move forward or not at some

870
01:24:59,320 --> 01:25:00,680
point here, and we don't have anything

871
01:25:00,680 --> 01:25:02,000
in our savings account to pay our

872
01:25:02,000 --> 01:25:04,120
portion. So, we've assumed that all of

873
01:25:04,120 --> 01:25:06,040
these capital projects need to be funded

874
01:25:06,040 --> 01:25:08,680
through debentures. So, this monthly tax

875
01:25:08,680 --> 01:25:11,120
impact, again for the $700,000 average

876
01:25:11,120 --> 01:25:13,400
home, is what needs to be paid to

877
01:25:13,400 --> 01:25:16,840
service that debt over a 25-year life of

878
01:25:16,840 --> 01:25:20,160
that debenture. So, for example,

879
01:25:20,160 --> 01:25:22,600
uh if we just pick the aerial 116, the

880
01:25:22,600 --> 01:25:24,120
fire truck replacement, we'd need a

881
01:25:24,120 --> 01:25:25,680
$1.85

882
01:25:25,680 --> 01:25:27,400
a month from every home to service the

883
01:25:27,400 --> 01:25:29,440
debt to to purchase that piece of

884
01:25:29,440 --> 01:25:32,360
equipment. If we move down

885
01:25:32,360 --> 01:25:36,120
the uh the list to the bottom, um

886
01:25:36,120 --> 01:25:38,040
the Dawson Landing rec facility, we'd

887
01:25:38,040 --> 01:25:40,720
need about $10.81 a month from your

888
01:25:40,720 --> 01:25:43,600
average home to fund that or about a 5%

889
01:25:43,600 --> 01:25:47,040
0.7% tax increase just to service the

890
01:25:47,040 --> 01:25:49,840
debenture uh to pay for that facility.

891
01:25:49,840 --> 01:25:51,720
So, I won't walk through every single

892
01:25:51,720 --> 01:25:53,680
number. Um hopefully that makes sense of

893
01:25:53,680 --> 01:25:55,840
how it is. And so, one of the things

894
01:25:55,840 --> 01:25:57,640
that's important to note, and I left it

895
01:25:57,640 --> 01:25:58,640
in

896
01:25:58,640 --> 01:26:00,080
at the very top with the asset

897
01:26:00,080 --> 01:26:01,960
replacement savings,

898
01:26:01,960 --> 01:26:04,560
um once you

899
01:26:04,560 --> 01:26:06,920
make that change, it carries forward in

900
01:26:06,920 --> 01:26:08,720
perpetuity till you make another change.

901
01:26:08,720 --> 01:26:09,880
So,

902
01:26:09,880 --> 01:26:11,600
for the Dawson Landing rec facility, for

903
01:26:11,600 --> 01:26:12,760
example,

904
01:26:12,760 --> 01:26:15,520
um you would need the $10.81

905
01:26:15,520 --> 01:26:17,040
increase

906
01:26:17,040 --> 01:26:19,240
in 2027, and that just carries forward

907
01:26:19,240 --> 01:26:22,440
in perpetuity. So, it's not 5.8% this

908
01:26:22,440 --> 01:26:25,040
year and 5.8 another 5.8 the next year

909
01:26:25,040 --> 01:26:28,080
and another and another. It's just 5.8%

910
01:26:28,080 --> 01:26:30,040
and you can carry that forward for the

911
01:26:30,040 --> 01:26:32,200
next 25 years to service that debenture.

912
01:26:32,200 --> 01:26:34,520
So, that's what it's trying to show. Um

913
01:26:34,520 --> 01:26:36,880
if you look at the very top,

914
01:26:36,880 --> 01:26:38,560
the total cumulative impact over the

915
01:26:38,560 --> 01:26:41,640
next 4 years for all of these projects,

916
01:26:41,640 --> 01:26:43,800
um if council were to proceed and move

917
01:26:43,800 --> 01:26:47,160
forward, is about $40.07

918
01:26:47,160 --> 01:26:48,400
per month

919
01:26:48,400 --> 01:26:50,720
um over the next 4 years again for a

920
01:26:50,720 --> 01:26:53,840
$700,000 home. If your home is worth 50%

921
01:26:53,840 --> 01:26:56,280
more, that would be $60. If your home is

922
01:26:56,280 --> 01:26:59,120
worth half, that'd be about $20.

923
01:26:59,120 --> 01:27:01,440
The cumulative net impact would be about

924
01:27:01,440 --> 01:27:05,240
21% over those 4 years. So,

925
01:27:05,240 --> 01:27:06,960
I talked about this at the last meeting

926
01:27:06,960 --> 01:27:07,760
of

927
01:27:07,760 --> 01:27:10,270
um

928
01:27:10,280 --> 01:27:12,120
When we talk about percentages on lower

929
01:27:12,120 --> 01:27:14,240
numbers, it takes bigger percentages to

930
01:27:14,240 --> 01:27:16,320
gain smaller amounts of dollars. So, I

931
01:27:16,320 --> 01:27:18,480
think sometimes when when we hear or see

932
01:27:18,480 --> 01:27:21,720
numbers like 15 or 20%, um it starts to

933
01:27:21,720 --> 01:27:24,400
scare you, but Councillor Shener and I

934
01:27:24,400 --> 01:27:25,840
were having this discussion of we're

935
01:27:25,840 --> 01:27:29,160
talking about 14% on 3%. So,

936
01:27:29,160 --> 01:27:34,000
it's not 14% of 100%. It's 14% of 3.2%.

937
01:27:34,000 --> 01:27:35,120
Um

938
01:27:35,120 --> 01:27:36,920
so, it changes your your rate from, you

939
01:27:36,920 --> 01:27:39,040
know, 3.2 to

940
01:27:39,040 --> 01:27:42,560
3.5. Um it's not an extra 14% on top of

941
01:27:42,560 --> 01:27:43,600
there. So,

942
01:27:43,600 --> 01:27:46,000
that's what the future looks like for

943
01:27:46,000 --> 01:27:48,360
funding what we see in front of us

944
01:27:48,360 --> 01:27:50,480
for capital replacement over the next 4

945
01:27:50,480 --> 01:27:52,760
years and our big projects.

946
01:27:52,760 --> 01:27:53,400
Um

947
01:27:53,400 --> 01:27:56,320
if we go to the next slide,

948
01:27:56,320 --> 01:27:58,080
you know, the good news I think from my

949
01:27:58,080 --> 01:28:00,480
perspective is well, 20% isn't something

950
01:28:00,480 --> 01:28:01,880
to downplay.

951
01:28:01,880 --> 01:28:03,800
Um

952
01:28:03,800 --> 01:28:06,480
it's where we'd be if we had kept pace.

953
01:28:06,480 --> 01:28:08,360
Um easily be there if we'd kept pace

954
01:28:08,360 --> 01:28:10,200
over the last 5 years

955
01:28:10,200 --> 01:28:11,680
um with our neighboring communities. The

956
01:28:11,680 --> 01:28:14,160
challenge that this brings, of course,

957
01:28:14,160 --> 01:28:16,240
is that anticipates we're borrowing

958
01:28:16,240 --> 01:28:19,680
almost $58 million in the next 4 years.

959
01:28:19,680 --> 01:28:21,440
If you remember from the financial

960
01:28:21,440 --> 01:28:26,120
statements, our debt capacity is 59.

961
01:28:26,120 --> 01:28:28,160
It's about 58.

962
01:28:28,160 --> 01:28:30,160
We already have 5 million for the golf

963
01:28:30,160 --> 01:28:32,960
course. Um and we have another 1 and 1/2

964
01:28:32,960 --> 01:28:35,160
million on some other projects. Of

965
01:28:35,160 --> 01:28:38,400
course, as taxes do grow and increase,

966
01:28:38,400 --> 01:28:42,800
our debt capacity will increase, but um

967
01:28:42,800 --> 01:28:46,200
this will completely maximize our debt

968
01:28:46,200 --> 01:28:49,560
limit, our internal debt limit of 75%.

969
01:28:49,560 --> 01:28:51,440
Uh again, we've talked about why most

970
01:28:51,440 --> 01:28:53,800
municipalities have that policy

971
01:28:53,800 --> 01:28:56,080
um because our revenue other outside of

972
01:28:56,080 --> 01:28:58,480
property taxes fluctuates.

973
01:28:58,480 --> 01:29:00,680
Um it takes into account that we don't

974
01:29:00,680 --> 01:29:02,960
end up in a tough position if building

975
01:29:02,960 --> 01:29:05,920
permits or fines, etc. were to decrease

976
01:29:05,920 --> 01:29:07,840
over time and our payments on our

977
01:29:07,840 --> 01:29:10,080
debenture doesn't keep up. So, we could

978
01:29:10,080 --> 01:29:11,840
fund all those projects through debt,

979
01:29:11,840 --> 01:29:14,040
but it does put us at our debt limit at

980
01:29:14,040 --> 01:29:17,320
that point. Um the key part of all of

981
01:29:17,320 --> 01:29:19,320
these projects, as you start thinking

982
01:29:19,320 --> 01:29:22,480
about um the next few years, is it does

983
01:29:22,480 --> 01:29:25,240
not include any of the debt needed to

984
01:29:25,240 --> 01:29:27,840
complete the off-site levy portion of

985
01:29:27,840 --> 01:29:30,600
these projects. So, again, we've talked

986
01:29:30,600 --> 01:29:32,160
about the rec center. I just pick it

987
01:29:32,160 --> 01:29:33,760
because it's the biggest one. You could

988
01:29:33,760 --> 01:29:36,320
do the same with the library um or the

989
01:29:36,320 --> 01:29:38,200
fire hall. We don't have the fire hall

990
01:29:38,200 --> 01:29:39,760
on there because there's no portion of

991
01:29:39,760 --> 01:29:42,040
that that's actually municipally funded.

992
01:29:42,040 --> 01:29:44,000
Um but the fire hall is a good example

993
01:29:44,000 --> 01:29:46,200
in the off-site levy model. Um it's

994
01:29:46,200 --> 01:29:48,480
budgeted for $15 million, and I think we

995
01:29:48,480 --> 01:29:51,560
have about 3 million um in the fire

996
01:29:51,560 --> 01:29:53,280
off-site levy. So, if we were to move

997
01:29:53,280 --> 01:29:55,440
forward with the fire hall, that $12

998
01:29:55,440 --> 01:29:56,880
million

999
01:29:56,880 --> 01:29:59,400
uh needs a debenture to be taken out. Uh

1000
01:29:59,400 --> 01:30:01,640
that debenture, of course, gets paid off

1001
01:30:01,640 --> 01:30:04,320
by the off-site levy funds we recoup

1002
01:30:04,320 --> 01:30:07,440
over time, but that $12 million applies

1003
01:30:07,440 --> 01:30:10,360
onto our debt limit um as a city right

1004
01:30:10,360 --> 01:30:11,280
now.

1005
01:30:11,280 --> 01:30:13,680
Same thing with the recreation center. I

1006
01:30:13,680 --> 01:30:16,400
believe we're contemplating about $44

1007
01:30:16,400 --> 01:30:19,040
million is the offsite levy

1008
01:30:19,040 --> 01:30:21,320
portion of it, and we have just shy of

1009
01:30:21,320 --> 01:30:22,880
$20 million uh in that offsite levy fund

1010
01:30:22,880 --> 01:30:23,680
right now. So, again, there's another

1011
01:30:23,680 --> 01:30:27,230
$25

1012
01:30:27,240 --> 01:30:29,040
million or so

1013
01:30:29,040 --> 01:30:31,720
of debt that needs to be taken out to

1014
01:30:31,720 --> 01:30:33,560
complete the offsite levy portion of

1015
01:30:33,560 --> 01:30:34,560
that.

1016
01:30:34,560 --> 01:30:36,520
Um same thing with the library. It's a

1017
01:30:36,520 --> 01:30:38,480
smaller project, but we're again looking

1018
01:30:38,480 --> 01:30:41,240
at another $4 or $5 million

1019
01:30:41,240 --> 01:30:43,600
for the offsite levy portion of the

1020
01:30:43,600 --> 01:30:46,160
library. And this isn't including, you

1021
01:30:46,160 --> 01:30:49,280
know, anything that might also be

1022
01:30:49,280 --> 01:30:51,360
in the capital budget beyond the next 4

1023
01:30:51,360 --> 01:30:53,520
years. So,

1024
01:30:53,520 --> 01:30:55,800
um paints a little bit of a a grim

1025
01:30:55,800 --> 01:30:57,280
picture. Council doesn't have to make

1026
01:30:57,280 --> 01:30:59,000
those decisions right now. We'll have

1027
01:30:59,000 --> 01:31:00,600
more information and more options, of

1028
01:31:00,600 --> 01:31:03,080
course, as those projects come forward

1029
01:31:03,080 --> 01:31:05,720
for actual council approval. Um one of

1030
01:31:05,720 --> 01:31:08,400
the discussions Mark and I have had um

1031
01:31:08,400 --> 01:31:10,560
around the offsite levy projects, for

1032
01:31:10,560 --> 01:31:12,440
sure, is

1033
01:31:12,440 --> 01:31:14,160
seeking a minister exemption from

1034
01:31:14,160 --> 01:31:16,240
Minister Williams, Minister of Municipal

1035
01:31:16,240 --> 01:31:19,120
Affairs, to have the debt that's taken

1036
01:31:19,120 --> 01:31:21,400
on from the offsite levies

1037
01:31:21,400 --> 01:31:23,080
not counted towards the city's debt

1038
01:31:23,080 --> 01:31:25,400
limit. Um of course, there's a risk

1039
01:31:25,400 --> 01:31:28,600
there um that needs to be acknowledged

1040
01:31:28,600 --> 01:31:30,120
in that

1041
01:31:30,120 --> 01:31:32,080
um if development slows down, collection

1042
01:31:32,080 --> 01:31:34,120
of offsite levy slow down,

1043
01:31:34,120 --> 01:31:36,000
and the city is still responsible for

1044
01:31:36,000 --> 01:31:38,280
making those debt payments. So, if we

1045
01:31:38,280 --> 01:31:41,400
hit a situation over that 20-25 year

1046
01:31:41,400 --> 01:31:43,960
period where we've taken out a debenture

1047
01:31:43,960 --> 01:31:46,200
to pay the offsite levy, and uh

1048
01:31:46,200 --> 01:31:48,720
development grinds to a halt

1049
01:31:48,720 --> 01:31:51,920
for whatever reason, um

1050
01:31:51,920 --> 01:31:53,960
the city taxpayers would then be on the

1051
01:31:53,960 --> 01:31:57,000
hook for paying that portion of the debt

1052
01:31:57,000 --> 01:31:58,680
because it would still be a city loan.

1053
01:31:58,680 --> 01:32:02,280
So, um just something to be aware of. Of

1054
01:32:02,280 --> 01:32:04,920
course, we will continue to do what we

1055
01:32:04,920 --> 01:32:07,560
can. Um you know, there's a sponsorship

1056
01:32:07,560 --> 01:32:10,880
naming opportunity um policy

1057
01:32:10,880 --> 01:32:14,560
uh coming forward for that. We have um

1058
01:32:14,560 --> 01:32:15,960
actively

1059
01:32:15,960 --> 01:32:19,040
running a uh campaign feasibility study

1060
01:32:19,040 --> 01:32:21,080
uh to see what we can raise

1061
01:32:21,080 --> 01:32:23,120
um for outside support. We'll continue

1062
01:32:23,120 --> 01:32:25,080
to to pursue grants

1063
01:32:25,080 --> 01:32:27,120
um and other forms of investment for

1064
01:32:27,120 --> 01:32:29,720
these major projects. But again, um

1065
01:32:29,720 --> 01:32:32,280
we're seeing anecdotally from other

1066
01:32:32,280 --> 01:32:34,720
places that that may lead to

1067
01:32:34,720 --> 01:32:37,480
you know, 5 or 10 or maybe 15% at best.

1068
01:32:37,480 --> 01:32:39,200
So, we're still looking at at a way to

1069
01:32:39,200 --> 01:32:41,640
fund the other 85%. So,

1070
01:32:41,640 --> 01:32:43,440
one of the things that came up in our

1071
01:32:43,440 --> 01:32:45,960
original budget presentation as well was

1072
01:32:45,960 --> 01:32:48,400
not just start putting money away

1073
01:32:48,400 --> 01:32:49,720
for

1074
01:32:49,720 --> 01:32:52,000
um the asset replacements of our

1075
01:32:52,000 --> 01:32:54,200
existing assets, but a recommendation

1076
01:32:54,200 --> 01:32:56,280
would be for council to consider

1077
01:32:56,280 --> 01:32:59,080
starting to put money away to pay for

1078
01:32:59,080 --> 01:33:01,840
these big community-based projects um

1079
01:33:01,840 --> 01:33:03,440
that are contemplated on the books right

1080
01:33:03,440 --> 01:33:05,400
now like the Rec Center and like the

1081
01:33:05,400 --> 01:33:07,840
library. Um

1082
01:33:07,840 --> 01:33:10,640
So, really that was

1083
01:33:10,640 --> 01:33:12,400
my last information, I guess, that were

1084
01:33:12,400 --> 01:33:15,080
takeaways from

1085
01:33:15,080 --> 01:33:17,920
from our last meetings. Um again, the

1086
01:33:17,920 --> 01:33:19,960
intent would be for council to either

1087
01:33:19,960 --> 01:33:22,320
approve an operating budget um

1088
01:33:22,320 --> 01:33:25,680
today or at the very latest next Tuesday

1089
01:33:25,680 --> 01:33:27,560
at the 12th. We need that to then

1090
01:33:27,560 --> 01:33:30,040
develop the tax rate bylaw to have that

1091
01:33:30,040 --> 01:33:32,840
approved on May 26th. Um one of the

1092
01:33:32,840 --> 01:33:34,960
things I'll talk about, too,

1093
01:33:34,960 --> 01:33:39,120
um is we were projecting about a 1.8

1094
01:33:39,120 --> 01:33:40,880
million dollar

1095
01:33:40,880 --> 01:33:42,640
um

1096
01:33:42,640 --> 01:33:45,320
deficit in our current projection for

1097
01:33:45,320 --> 01:33:49,000
the operating budget. Um Mark and I have

1098
01:33:49,000 --> 01:33:53,150
talked um

1099
01:33:53,160 --> 01:33:55,560
I don't believe

1100
01:33:55,560 --> 01:33:57,920
So, I don't believe hope

1101
01:33:57,920 --> 01:34:00,360
is a strategy and it surely isn't a

1102
01:34:00,360 --> 01:34:01,520
plan.

1103
01:34:01,520 --> 01:34:04,080
Um but I think as we work through some

1104
01:34:04,080 --> 01:34:07,040
of the items um in the operating budget

1105
01:34:07,040 --> 01:34:09,040
such as the RCMP,

1106
01:34:09,040 --> 01:34:11,080
um we could have a discussion of whether

1107
01:34:11,080 --> 01:34:13,880
we remove some of those budget items now

1108
01:34:13,880 --> 01:34:15,880
to lower that deficit

1109
01:34:15,880 --> 01:34:18,560
or you just plan on like was already

1110
01:34:18,560 --> 01:34:21,920
presented, moving 1.8 from the reserves

1111
01:34:21,920 --> 01:34:24,120
and hope that near the end of the year

1112
01:34:24,120 --> 01:34:27,840
we can squeeze that deficit um with

1113
01:34:27,840 --> 01:34:29,720
either A, some improved revenues like

1114
01:34:29,720 --> 01:34:32,320
we've seen over the past couple years

1115
01:34:32,320 --> 01:34:33,600
or B,

1116
01:34:33,600 --> 01:34:35,960
some potential savings on some projects.

1117
01:34:35,960 --> 01:34:38,440
Again, specifically the RCMP would be

1118
01:34:38,440 --> 01:34:40,800
something worth talking about. Uh that

1119
01:34:40,800 --> 01:34:42,560
said, I didn't pull them up in front of

1120
01:34:42,560 --> 01:34:43,400
me

1121
01:34:43,400 --> 01:34:45,440
um but the last building permits and

1122
01:34:45,440 --> 01:34:46,920
statistics

1123
01:34:46,920 --> 01:34:49,480
uh email I received were you know, we're

1124
01:34:49,480 --> 01:34:51,120
running significantly behind where we

1125
01:34:51,120 --> 01:34:53,760
were last year at this time. Now, that

1126
01:34:53,760 --> 01:34:55,480
was end of March. Construction season

1127
01:34:55,480 --> 01:34:57,880
hadn't started, so uh we got surprised

1128
01:34:57,880 --> 01:35:00,240
last year uh with how much activity

1129
01:35:00,240 --> 01:35:02,680
picked up, but again,

1130
01:35:02,680 --> 01:35:05,120
that's a

1131
01:35:05,120 --> 01:35:07,640
educated guess um

1132
01:35:07,640 --> 01:35:09,960
at our best on what those those fees and

1133
01:35:09,960 --> 01:35:12,040
stuff will look like. So, leave that to

1134
01:35:12,040 --> 01:35:13,800
council um

1135
01:35:13,800 --> 01:35:15,520
to advise on how you'd like to deal with

1136
01:35:15,520 --> 01:35:17,680
that part of the deficit as well, but

1137
01:35:17,680 --> 01:35:19,160
think at this point we're open to

1138
01:35:19,160 --> 01:35:20,800
discussions. We've got all sorts of

1139
01:35:20,800 --> 01:35:23,200
information. Um can hopefully answer

1140
01:35:23,200 --> 01:35:24,280
your questions, help you make a

1141
01:35:24,280 --> 01:35:26,600
decision.

1142
01:35:26,600 --> 01:35:28,280
Uh thank you. Just before going to other

1143
01:35:28,280 --> 01:35:30,040
councilors, Deputy Mayor had a question

1144
01:35:30,040 --> 01:35:32,200
he wanted me to ask on his behalf is how

1145
01:35:32,200 --> 01:35:34,280
is this budget, capital and operational,

1146
01:35:34,280 --> 01:35:36,360
dealing with the volatility in gas

1147
01:35:36,360 --> 01:35:39,160
prices, which ultimately affects cost of

1148
01:35:39,160 --> 01:35:42,510
all goods and services?

1149
01:35:42,520 --> 01:35:45,000
Mr. Edney.

1150
01:35:45,000 --> 01:35:46,920
Yeah, thank you, Mayor Dean. So,

1151
01:35:46,920 --> 01:35:47,840
um

1152
01:35:47,840 --> 01:35:49,880
we talked about it at the last meeting.

1153
01:35:49,880 --> 01:35:54,040
I I either on the 23rd or 24th. Um we've

1154
01:35:54,040 --> 01:35:55,600
reviewed

1155
01:35:55,600 --> 01:35:57,560
the fuel budget

1156
01:35:57,560 --> 01:36:01,720
um and made some increases to that to

1157
01:36:01,720 --> 01:36:03,720
hopefully account for

1158
01:36:03,720 --> 01:36:07,240
the price of fuel, but um you're right.

1159
01:36:07,240 --> 01:36:10,720
We don't have a broader

1160
01:36:10,720 --> 01:36:14,240
inflation adjustment um accounted for

1161
01:36:14,240 --> 01:36:18,510
anywhere in our projects

1162
01:36:18,520 --> 01:36:21,480
to account for if this

1163
01:36:21,480 --> 01:36:24,080
blockage uh of the street continues for

1164
01:36:24,080 --> 01:36:25,600
a prolonged

1165
01:36:25,600 --> 01:36:28,480
time. So, again, that's that's another

1166
01:36:28,480 --> 01:36:31,280
risk, I guess, on the expense side on

1167
01:36:31,280 --> 01:36:33,280
some of these projects that uh we could

1168
01:36:33,280 --> 01:36:35,240
see that transferred not just directly

1169
01:36:35,240 --> 01:36:37,880
to the price of fuel, but the price of

1170
01:36:37,880 --> 01:36:39,480
of other goods.

1171
01:36:39,480 --> 01:36:42,400
The nice part, if that's the right word,

1172
01:36:42,400 --> 01:36:45,320
is the largest portion of our operating

1173
01:36:45,320 --> 01:36:48,760
budget is personnel. Um and that isn't

1174
01:36:48,760 --> 01:36:51,320
affected. Um affects people at home, of

1175
01:36:51,320 --> 01:36:53,200
course, like it does everybody, but

1176
01:36:53,200 --> 01:36:55,800
doesn't affect our cost um for those

1177
01:36:55,800 --> 01:36:57,760
people. So, it would be a less

1178
01:36:57,760 --> 01:36:59,400
significant increase, but it's something

1179
01:36:59,400 --> 01:37:01,680
we could take away and

1180
01:37:01,680 --> 01:37:02,880
you know, I don't know how we'd even

1181
01:37:02,880 --> 01:37:04,760
practically evaluate that other than to

1182
01:37:04,760 --> 01:37:07,640
just make a rough guess.

1183
01:37:07,640 --> 01:37:09,440
Okay. Thank you.

1184
01:37:09,440 --> 01:37:12,960
Uh Council questions.

1185
01:37:12,960 --> 01:37:14,800
Councilor Sambol.

1186
01:37:14,800 --> 01:37:16,600
Thank your worship and good morning

1187
01:37:16,600 --> 01:37:20,080
through to Mr. Edney. That uh is it It's

1188
01:37:20,080 --> 01:37:22,680
roughly a $5 million surplus from last

1189
01:37:22,680 --> 01:37:24,440
year, is that correct?

1190
01:37:24,440 --> 01:37:27,080
Okay. So, generally, I believe a

1191
01:37:27,080 --> 01:37:30,040
surplus, there would be some decision by

1192
01:37:30,040 --> 01:37:31,800
Council about what to do with that

1193
01:37:31,800 --> 01:37:33,320
surplus or what account to put that in

1194
01:37:33,320 --> 01:37:35,240
or how to allocate that. Has that task

1195
01:37:35,240 --> 01:37:37,560
been done? I did miss one meeting. Mr.

1196
01:37:37,560 --> 01:37:39,440
Edney. Uh yeah, thank you, Mayor Dean,

1197
01:37:39,440 --> 01:37:41,800
to Councilor Sambol. So, um that task

1198
01:37:41,800 --> 01:37:43,760
hasn't been directly done. Um what we

1199
01:37:43,760 --> 01:37:46,480
did, if you look back at the

1200
01:37:46,480 --> 01:37:49,080
final budget presentations um from the

1201
01:37:49,080 --> 01:37:51,520
previous meetings is on

1202
01:37:51,520 --> 01:37:54,560
the budget in the non-cash items. We had

1203
01:37:54,560 --> 01:37:57,080
the proceeds from the debenture coming

1204
01:37:57,080 --> 01:37:58,160
in.

1205
01:37:58,160 --> 01:38:02,470
Trans- um

1206
01:38:02,480 --> 01:38:03,840
Sorry, I'm answering a different

1207
01:38:03,840 --> 01:38:05,280
question.

1208
01:38:05,280 --> 01:38:07,280
I'm answering a different question.

1209
01:38:07,280 --> 01:38:11,400
That surplus is already accounted for in

1210
01:38:11,400 --> 01:38:15,310
um

1211
01:38:15,320 --> 01:38:17,200
It's already That money's already

1212
01:38:17,200 --> 01:38:20,480
sitting in the surplus account um and is

1213
01:38:20,480 --> 01:38:22,680
included in the calculations that have

1214
01:38:22,680 --> 01:38:25,000
been presented for all of

1215
01:38:25,000 --> 01:38:27,360
how to fund the capital projects

1216
01:38:27,360 --> 01:38:29,160
going forward. So,

1217
01:38:29,160 --> 01:38:31,600
um I'm answering that not in the best

1218
01:38:31,600 --> 01:38:34,480
way. Sorry, let me turn this off.

1219
01:38:34,480 --> 01:38:35,920
But that's included, I guess, when we

1220
01:38:35,920 --> 01:38:37,400
look at what's in the reserve account

1221
01:38:37,400 --> 01:38:40,360
now. That surplus is already in there.

1222
01:38:40,360 --> 01:38:42,200
Thank you. Um

1223
01:38:42,200 --> 01:38:43,880
okay, following up on that, what I'm

1224
01:38:43,880 --> 01:38:45,520
trying to suss out if there is still a

1225
01:38:45,520 --> 01:38:47,000
decision to be made with that $5

1226
01:38:47,000 --> 01:38:49,080
million. So, I understand it's in the

1227
01:38:49,080 --> 01:38:50,560
calculation, but is there still a

1228
01:38:50,560 --> 01:38:52,360
decision about what it, you know, what

1229
01:38:52,360 --> 01:38:55,680
project or whatever to put it in? When

1230
01:38:55,680 --> 01:38:57,560
you say surplus, are you talking about

1231
01:38:57,560 --> 01:39:00,120
that stabilization account?

1232
01:39:00,120 --> 01:39:02,240
Yes, that's where the money is. So, I

1233
01:39:02,240 --> 01:39:04,000
think Mr. Shaunken can probably talk

1234
01:39:04,000 --> 01:39:05,280
about this, but he talked about it at

1235
01:39:05,280 --> 01:39:06,680
the last meeting

1236
01:39:06,680 --> 01:39:08,040
of

1237
01:39:08,040 --> 01:39:11,640
we have to manage

1238
01:39:11,640 --> 01:39:14,630
um

1239
01:39:14,640 --> 01:39:16,040
So, if you remember, we went back and

1240
01:39:16,040 --> 01:39:18,280
looked at at the reconciliation of net

1241
01:39:18,280 --> 01:39:20,560
financial assets down to about $17

1242
01:39:20,560 --> 01:39:21,960
million.

1243
01:39:21,960 --> 01:39:25,240
Um so, that $17 million includes that

1244
01:39:25,240 --> 01:39:27,720
surplus from 2025.

1245
01:39:27,720 --> 01:39:30,080
And Mr. Shaunken's comment at the time

1246
01:39:30,080 --> 01:39:32,160
was we need to keep about $10 million in

1247
01:39:32,160 --> 01:39:34,160
there um

1248
01:39:34,160 --> 01:39:36,120
because that's what helps balance our

1249
01:39:36,120 --> 01:39:37,960
cash flow through the year for spending

1250
01:39:37,960 --> 01:39:38,920
when

1251
01:39:38,920 --> 01:39:40,280
um

1252
01:39:40,280 --> 01:39:41,960
due to the timing of taxes coming in in

1253
01:39:41,960 --> 01:39:43,480
the middle of the year and expending

1254
01:39:43,480 --> 01:39:45,000
expenditures occurring throughout the

1255
01:39:45,000 --> 01:39:50,200
total year. So, there's not a direct um

1256
01:39:50,200 --> 01:39:52,920
request of what council should do with

1257
01:39:52,920 --> 01:39:54,720
it, but council always has the ability

1258
01:39:54,720 --> 01:39:57,320
to do anything with your reserves. I

1259
01:39:57,320 --> 01:39:59,280
think what our recommendation is it's in

1260
01:39:59,280 --> 01:40:02,240
there to help fund future projects. It's

1261
01:40:02,240 --> 01:40:04,440
assuming that you're taking 1.8 million

1262
01:40:04,440 --> 01:40:06,760
out of there to fund the projected

1263
01:40:06,760 --> 01:40:09,200
deficit we have right now. But, as I

1264
01:40:09,200 --> 01:40:10,800
mentioned, our hope would be that with

1265
01:40:10,800 --> 01:40:12,960
some of these items we can narrow that

1266
01:40:12,960 --> 01:40:14,720
deficit down and then take less out of

1267
01:40:14,720 --> 01:40:16,680
that reserve account at the end of the

1268
01:40:16,680 --> 01:40:18,080
year. Does that

1269
01:40:18,080 --> 01:40:20,160
Does that make sense? A follow-up, Your

1270
01:40:20,160 --> 01:40:22,920
Worship. Yep. That does make sense. So,

1271
01:40:22,920 --> 01:40:24,720
what I'm hearing is that this money is

1272
01:40:24,720 --> 01:40:27,240
currently in a cash account. It's not in

1273
01:40:27,240 --> 01:40:29,720
an investment. So, it's not making any

1274
01:40:29,720 --> 01:40:32,080
money, but it needs to stay there

1275
01:40:32,080 --> 01:40:35,240
because we need that and more for cash

1276
01:40:35,240 --> 01:40:36,680
flow throughout the year. Is that

1277
01:40:36,680 --> 01:40:38,600
correct?

1278
01:40:38,600 --> 01:40:41,080
Mr. Reddick? Thank you too, Councillor

1279
01:40:41,080 --> 01:40:43,280
Sandbo. So,

1280
01:40:43,280 --> 01:40:47,040
where the cash sits, um we try to invest

1281
01:40:47,040 --> 01:40:48,880
as absolutely much as we can, but of

1282
01:40:48,880 --> 01:40:50,880
course we don't We just have one

1283
01:40:50,880 --> 01:40:53,560
investment account and one cash account.

1284
01:40:53,560 --> 01:40:56,080
Um so, I'd have to maybe get uh Mr.

1285
01:40:56,080 --> 01:40:58,160
Shankland to talk about that particular

1286
01:40:58,160 --> 01:41:00,600
amount, but we generally try to other

1287
01:41:00,600 --> 01:41:03,800
than that 10 million or even less as he

1288
01:41:03,800 --> 01:41:06,160
projects on a month-to-month basis of

1289
01:41:06,160 --> 01:41:08,040
how much money we need in the account,

1290
01:41:08,040 --> 01:41:10,480
we try to invest as much as we can and

1291
01:41:10,480 --> 01:41:13,800
then max it maximize it when our

1292
01:41:13,800 --> 01:41:15,880
investments are maturing to bring that

1293
01:41:15,880 --> 01:41:18,520
money then into the account. So, there's

1294
01:41:18,520 --> 01:41:21,080
no discrete account that has that

1295
01:41:21,080 --> 01:41:22,680
particular money in it. It's a large

1296
01:41:22,680 --> 01:41:24,840
account that has all the money from the

1297
01:41:24,840 --> 01:41:26,560
asset off-site levies, etc. And then it

1298
01:41:26,560 --> 01:41:28,880
becomes an accounting exercise

1299
01:41:28,880 --> 01:41:30,440
um

1300
01:41:30,440 --> 01:41:31,720
to

1301
01:41:31,720 --> 01:41:33,520
allocate those returns if that makes

1302
01:41:33,520 --> 01:41:34,800
sense.

1303
01:41:34,800 --> 01:41:37,480
So, it's not a the That was a long

1304
01:41:37,480 --> 01:41:38,840
answer to say it's not just sitting

1305
01:41:38,840 --> 01:41:40,520
there doing nothing.

1306
01:41:40,520 --> 01:41:41,840
Councilor Sambol.

1307
01:41:41,840 --> 01:41:42,800
Thank you your worship and through to

1308
01:41:42,800 --> 01:41:45,240
Mr. Edney. I'm glad to hear that. Do we

1309
01:41:45,240 --> 01:41:47,680
know what the the rate of return is

1310
01:41:47,680 --> 01:41:50,280
right now over the last little while?

1311
01:41:50,280 --> 01:41:56,950
Mr. Edney.

1312
01:41:56,960 --> 01:41:59,120
Thank you Mayor Dean. So we're running

1313
01:41:59,120 --> 01:42:01,720
about 4.5%

1314
01:42:01,720 --> 01:42:04,360
on our return. If you remember CIBC came

1315
01:42:04,360 --> 01:42:05,160
in

1316
01:42:05,160 --> 01:42:08,120
and I think their overall portfolio

1317
01:42:08,120 --> 01:42:10,920
return was somewhere around 4.39 at that

1318
01:42:10,920 --> 01:42:13,080
time. That's improved a little bit

1319
01:42:13,080 --> 01:42:14,800
just as we've reallocated some of our

1320
01:42:14,800 --> 01:42:18,680
investments. So we're making about 4.5%.

1321
01:42:18,680 --> 01:42:20,200
Your worship my last question on this

1322
01:42:20,200 --> 01:42:21,400
line

1323
01:42:21,400 --> 01:42:23,960
would be through to Mr. Edney. If we're

1324
01:42:23,960 --> 01:42:25,400
looking at pulling out a debenture, of

1325
01:42:25,400 --> 01:42:27,680
course we can't predict the future,

1326
01:42:27,680 --> 01:42:29,760
but what are we looking at for those

1327
01:42:29,760 --> 01:42:38,030
rates?

1328
01:42:38,040 --> 01:42:41,590
Mr. Edney.

1329
01:42:41,600 --> 01:42:43,400
Yeah, thank you Mayor Dean. I'm a little

1330
01:42:43,400 --> 01:42:44,880
bit embarrassed that I don't have that

1331
01:42:44,880 --> 01:42:46,280
number right on the top of my head cuz

1332
01:42:46,280 --> 01:42:47,640
I've been just doing a whole bunch of

1333
01:42:47,640 --> 01:42:49,960
debenture calculations. It's in the same

1334
01:42:49,960 --> 01:42:51,560
neighborhood. I think it's right around

1335
01:42:51,560 --> 01:42:53,920
5%

1336
01:42:53,920 --> 01:42:55,920
on the debenture,

1337
01:42:55,920 --> 01:42:57,880
but I can look that up if you give me 2

1338
01:42:57,880 --> 01:43:00,480
seconds here.

1339
01:43:00,480 --> 01:43:05,230
Thank you. Councilor Schindler.

1340
01:43:05,240 --> 01:43:07,400
Sure. Thank you.

1341
01:43:07,400 --> 01:43:09,840
Through the through the chair to

1342
01:43:09,840 --> 01:43:11,400
administration.

1343
01:43:11,400 --> 01:43:12,640
Um

1344
01:43:12,640 --> 01:43:14,040
Here's an interesting question that I

1345
01:43:14,040 --> 01:43:17,630
was just thinking about.

1346
01:43:17,640 --> 01:43:21,160
Does our low tax rate cuz considering

1347
01:43:21,160 --> 01:43:24,520
that we have the second lowest mill rate

1348
01:43:24,520 --> 01:43:27,080
in the province next to Canmore if I'm

1349
01:43:27,080 --> 01:43:30,560
correct? Does our low tax rate

1350
01:43:30,560 --> 01:43:33,120
contribute to the rise in our property

1351
01:43:33,120 --> 01:43:35,040
values?

1352
01:43:35,040 --> 01:43:36,880
Our property values have been exploding

1353
01:43:36,880 --> 01:43:41,000
over the last few years, so I'm curious.

1354
01:43:41,000 --> 01:43:42,920
Mr. Rodney.

1355
01:43:42,920 --> 01:43:44,560
Yeah, thank you, Mayor Dean. I can't

1356
01:43:44,560 --> 01:43:47,280
answer that question directly, but I can

1357
01:43:47,280 --> 01:43:50,560
provide anecdotally, um I guess a theory

1358
01:43:50,560 --> 01:43:53,520
on how it works. Of

1359
01:43:53,520 --> 01:43:55,640
um you know, in theory when you look at

1360
01:43:55,640 --> 01:43:57,440
property taxes and you look at being

1361
01:43:57,440 --> 01:43:58,920
competitive municipality to

1362
01:43:58,920 --> 01:44:01,840
municipality, if a

1363
01:44:01,840 --> 01:44:04,520
if someone is considering buying, all

1364
01:44:04,520 --> 01:44:06,800
other things aside, access to schools,

1365
01:44:06,800 --> 01:44:08,560
location to work, all those things are

1366
01:44:08,560 --> 01:44:11,280
the same, and somebody's looking at uh

1367
01:44:11,280 --> 01:44:14,080
purchasing, say, a $700,000 home, and

1368
01:44:14,080 --> 01:44:17,240
the mill rate in one community is 3.24,

1369
01:44:17,240 --> 01:44:20,040
and in another community it's 4.5,

1370
01:44:20,040 --> 01:44:21,480
in theory, they're going to choose the

1371
01:44:21,480 --> 01:44:23,400
one with the lower mill rate. Um but of

1372
01:44:23,400 --> 01:44:25,400
course, real life isn't

1373
01:44:25,400 --> 01:44:26,880
Correct. isn't that easy. Living in

1374
01:44:26,880 --> 01:44:28,320
Canmore is a lot different than living

1375
01:44:28,320 --> 01:44:29,640
in Chestermere, and living in

1376
01:44:29,640 --> 01:44:30,960
Chestermere is a lot better than living

1377
01:44:30,960 --> 01:44:33,120
everywhere else, so Yeah, that's a good

1378
01:44:33,120 --> 01:44:33,520
answer.

1379
01:44:33,520 --> 01:44:35,270
>> want to live here.

1380
01:44:35,270 --> 01:44:35,280
» want to live here.

1381
01:44:35,280 --> 01:44:37,880
Anyways, so yes, in theory it it plays

1382
01:44:37,880 --> 01:44:40,160
in, but it doesn't directly when an

1383
01:44:40,160 --> 01:44:42,960
assessor is assessing market values

1384
01:44:42,960 --> 01:44:44,960
factor in. They're just looking at what

1385
01:44:44,960 --> 01:44:47,960
homes are selling for. Okay.

1386
01:44:47,960 --> 01:44:49,920
Um

1387
01:44:49,920 --> 01:44:51,960
I And on a different line of

1388
01:44:51,960 --> 01:44:53,760
questioning, if I may,

1389
01:44:53,760 --> 01:44:55,040
um

1390
01:44:55,040 --> 01:44:57,360
the

1391
01:44:57,360 --> 01:45:00,400
$1.8 million deficit in our operational

1392
01:45:00,400 --> 01:45:03,440
budget, um

1393
01:45:03,440 --> 01:45:05,440
is uh

1394
01:45:05,440 --> 01:45:08,280
certainly struck me as as uh concerning.

1395
01:45:08,280 --> 01:45:08,920
Um

1396
01:45:08,920 --> 01:45:11,360
what is the

1397
01:45:11,360 --> 01:45:13,520
Is there a potential

1398
01:45:13,520 --> 01:45:17,680
um money value on monthly taxes that we

1399
01:45:17,680 --> 01:45:20,480
would need to increase to

1400
01:45:20,480 --> 01:45:21,640
um

1401
01:45:21,640 --> 01:45:22,760
uh

1402
01:45:22,760 --> 01:45:25,120
make that disappear

1403
01:45:25,120 --> 01:45:27,240
for our next year.

1404
01:45:27,240 --> 01:45:29,640
Um

1405
01:45:29,640 --> 01:45:34,880
and is there an an additional value that

1406
01:45:34,880 --> 01:45:36,200
will

1407
01:45:36,200 --> 01:45:37,160
um

1408
01:45:37,160 --> 01:45:38,920
give us some a little bit of future

1409
01:45:38,920 --> 01:45:41,960
proofing on that line item.

1410
01:45:41,960 --> 01:45:43,360
Mr. Edney.

1411
01:45:43,360 --> 01:45:44,600
Yeah, thank you, Mayor Dean. Just give

1412
01:45:44,600 --> 01:45:46,960
me 2 seconds here. Just want to make

1413
01:45:46,960 --> 01:45:48,800
sure I'm doing the math. I

1414
01:45:48,800 --> 01:45:50,760
came prepared to hopefully be able to

1415
01:45:50,760 --> 01:45:52,920
answer these questions

1416
01:45:52,920 --> 01:45:55,000
um online. So,

1417
01:45:55,000 --> 01:45:56,590
>> you'd be

1418
01:45:56,590 --> 01:45:56,600
» you'd be

1419
01:45:56,600 --> 01:45:59,320
to cover the 1.8 million dollars, uh

1420
01:45:59,320 --> 01:46:02,760
you'd be looking at about 11.65 cents a

1421
01:46:02,760 --> 01:46:04,920
month on that 700,000 dollar average

1422
01:46:04,920 --> 01:46:08,080
home or 6.15%

1423
01:46:08,080 --> 01:46:11,360
increase to the current mill rate.

1424
01:46:11,360 --> 01:46:13,320
Um if I can while I'm on the microphone,

1425
01:46:13,320 --> 01:46:14,400
I'll just go back to Councillor

1426
01:46:14,400 --> 01:46:17,600
Sandboe's previous question. Um right

1427
01:46:17,600 --> 01:46:19,960
now um through the Alberta Capital

1428
01:46:19,960 --> 01:46:23,520
Finance Authority, the 25-year rate for

1429
01:46:23,520 --> 01:46:25,800
a debenture is 4.55%.

1430
01:46:25,800 --> 01:46:29,560
So, right on about what we're making on

1431
01:46:29,560 --> 01:46:32,560
our investment returns. Um 20 years,

1432
01:46:32,560 --> 01:46:36,320
4.39. 15 years, 4.13.

1433
01:46:36,320 --> 01:46:37,640
Um but then again, of course, those

1434
01:46:37,640 --> 01:46:39,160
payments

1435
01:46:39,160 --> 01:46:41,400
go up. So, we we generally look at 25

1436
01:46:41,400 --> 01:46:42,720
years

1437
01:46:42,720 --> 01:46:45,200
as a municipality, but we can go lower

1438
01:46:45,200 --> 01:46:47,760
or less term, I guess. Just increases

1439
01:46:47,760 --> 01:46:49,680
the payments um

1440
01:46:49,680 --> 01:46:51,720
up front.

1441
01:46:51,720 --> 01:46:52,840
Thank you.

1442
01:46:52,840 --> 01:46:54,760
Uh any other questions from Council at

1443
01:46:54,760 --> 01:46:57,000
this time?

1444
01:46:57,000 --> 01:46:58,920
Councillor Sandboe.

1445
01:46:58,920 --> 01:47:00,400
Thank you, Worship, through to Mr.

1446
01:47:00,400 --> 01:47:03,920
Edney. Have you folks ever looked at um

1447
01:47:03,920 --> 01:47:05,920
an endowment fund such as the Calgary

1448
01:47:05,920 --> 01:47:09,400
Foundation as a vehicle for investments?

1449
01:47:09,400 --> 01:47:11,760
They are reporting some numbers higher

1450
01:47:11,760 --> 01:47:14,680
than um I've heard here today. Who knows

1451
01:47:14,680 --> 01:47:16,800
if that's accurate as of today, but have

1452
01:47:16,800 --> 01:47:19,480
you ever looked into that? Mr. Edney. Uh

1453
01:47:19,480 --> 01:47:20,840
thank you, Mayor Dean. I haven't

1454
01:47:20,840 --> 01:47:23,360
personally. I can't uh I don't think

1455
01:47:23,360 --> 01:47:26,120
organizationally we have.

1456
01:47:26,120 --> 01:47:29,240
I'm not sure.

1457
01:47:29,240 --> 01:47:31,520
Endowment fund means something different

1458
01:47:31,520 --> 01:47:34,560
than maybe savings account to me, but I

1459
01:47:34,560 --> 01:47:36,040
could we could definitely look into it

1460
01:47:36,040 --> 01:47:37,400
and see what they're doing and what they

1461
01:47:37,400 --> 01:47:41,190
might be doing differently.

1462
01:47:41,200 --> 01:47:42,720
Okay.

1463
01:47:42,720 --> 01:47:44,040
Any other questions from Council at this

1464
01:47:44,040 --> 01:47:48,470
time?

1465
01:47:48,480 --> 01:47:50,840
Seeing none, then I guess I would go

1466
01:47:50,840 --> 01:47:54,400
back to administration as to from a

1467
01:47:54,400 --> 01:47:56,240
practical standpoint, what is the next

1468
01:47:56,240 --> 01:47:57,800
step that you would like us to take

1469
01:47:57,800 --> 01:47:58,960
today?

1470
01:47:58,960 --> 01:48:00,840
Mr. Edney.

1471
01:48:00,840 --> 01:48:03,400
Yeah, thank you, Mayor Dean. Um

1472
01:48:03,400 --> 01:48:05,240
I'm going to maybe ask I should have

1473
01:48:05,240 --> 01:48:07,360
done this in advance and I apologize. I

1474
01:48:07,360 --> 01:48:10,320
don't know if ledge services do you have

1475
01:48:10,320 --> 01:48:12,560
the presentation that was in the 23rd

1476
01:48:12,560 --> 01:48:14,680
and 24th agenda package or can you bring

1477
01:48:14,680 --> 01:48:16,560
that up real quickly

1478
01:48:16,560 --> 01:48:19,360
just again for Council and public's

1479
01:48:19,360 --> 01:48:21,280
refresher of what the budget looked

1480
01:48:21,280 --> 01:48:22,600
like?

1481
01:48:22,600 --> 01:48:25,510
Um

1482
01:48:25,520 --> 01:48:27,600
We can just wait a couple minutes

1483
01:48:27,600 --> 01:48:29,240
versus taking a break if you want to do

1484
01:48:29,240 --> 01:48:33,590
that.

1485
01:48:33,600 --> 01:48:34,640
You want to take a

1486
01:48:34,640 --> 01:48:37,240
Would it Oh.

1487
01:48:37,240 --> 01:48:40,360
Uh yeah, I think that's right. If you

1488
01:48:40,360 --> 01:48:42,120
keep going down

1489
01:48:42,120 --> 01:48:44,280
No, I think

1490
01:48:44,280 --> 01:48:47,040
No, that's the interim one. So, it would

1491
01:48:47,040 --> 01:48:48,440
be from

1492
01:48:48,440 --> 01:48:49,160
Why don't we just take a

1493
01:48:49,160 --> 01:48:50,350
>> Yeah, let's take a quick break and we'll

1494
01:48:50,350 --> 01:48:50,360
» Yeah, let's take a quick break and we'll

1495
01:48:50,360 --> 01:48:51,400
get the right one up. Okay, we'll take a

1496
01:48:51,400 --> 01:48:53,800
quick recess and we will come back at

1497
01:48:53,800 --> 01:53:09,750
10:30. Thanks, everyone.

1498
01:53:09,760 --> 01:58:54,070
» Mhm.

1499
01:58:54,080 --> 01:58:55,080
» Good morning everyone. Just coming back

1500
01:58:55,080 --> 01:58:56,920
from our break here as uh we were just

1501
01:58:56,920 --> 01:58:58,600
uh transitioning between presentations

1502
01:58:58,600 --> 01:59:01,600
there. So, going to go back to uh Mr.

1503
01:59:01,600 --> 01:59:03,680
Redney who is just going to give us a

1504
01:59:03,680 --> 01:59:06,000
explanation on how administration is

1505
01:59:06,000 --> 01:59:08,040
suggesting we move forward.

1506
01:59:08,040 --> 01:59:09,560
All right. Thank you, Mayor Dean. Uh

1507
01:59:09,560 --> 01:59:11,320
through you to council. So,

1508
01:59:11,320 --> 01:59:12,080
um

1509
01:59:12,080 --> 01:59:14,240
this is essentially the budget that at

1510
01:59:14,240 --> 01:59:16,640
this point is in front of council. Uh we

1511
01:59:16,640 --> 01:59:18,680
talked about this early on in the

1512
01:59:18,680 --> 01:59:21,120
previous budget meetings.

1513
01:59:21,120 --> 01:59:23,640
It's slide four of that particular

1514
01:59:23,640 --> 01:59:25,080
presentation.

1515
01:59:25,080 --> 01:59:26,640
So, we walked through this originally.

1516
01:59:26,640 --> 01:59:28,760
We had the interim budget um in the

1517
01:59:28,760 --> 01:59:30,440
third column from the left with the

1518
01:59:30,440 --> 01:59:31,880
adjustments that have been made since

1519
01:59:31,880 --> 01:59:35,240
that point to the 2026 updated budget.

1520
01:59:35,240 --> 01:59:36,920
Um you can walk through to the bottom of

1521
01:59:36,920 --> 01:59:40,080
this page. We're projecting about a $1.7

1522
01:59:40,080 --> 01:59:41,560
million uh deficit

1523
01:59:41,560 --> 01:59:44,520
uh deficit from operations. Uh let's

1524
01:59:44,520 --> 01:59:47,840
services skip to the next slide.

1525
01:59:47,840 --> 01:59:49,960
So, this is uh to I think Councillor

1526
01:59:49,960 --> 01:59:52,120
Sambu's earlier question. So, if we walk

1527
01:59:52,120 --> 01:59:53,680
through this um

1528
01:59:53,680 --> 01:59:55,400
particular page,

1529
01:59:55,400 --> 01:59:56,560
um

1530
01:59:56,560 --> 01:59:58,240
we start at the top.

1531
01:59:58,240 --> 02:00:00,800
So, the two reserve fund or {slash} for

1532
02:00:00,800 --> 02:00:03,520
capital projects, there's a deposit of

1533
02:00:03,520 --> 02:00:06,040
$5 million going in there. That's from

1534
02:00:06,040 --> 02:00:07,960
the debenture proceeds we expect to see

1535
02:00:07,960 --> 02:00:10,040
in from the golf course loan. So, all of

1536
02:00:10,040 --> 02:00:11,880
the original math didn't necessarily

1537
02:00:11,880 --> 02:00:14,000
have that in. So, we'll put that $5

1538
02:00:14,000 --> 02:00:16,000
million is an in and an out. You can see

1539
02:00:16,000 --> 02:00:18,040
it on the debenture proceeds

1540
02:00:18,040 --> 02:00:19,520
line. Um

1541
02:00:19,520 --> 02:00:23,440
the transfer from reserve line of 1.695,

1542
02:00:23,440 --> 02:00:28,470
that is the line item that um

1543
02:00:28,480 --> 02:00:30,880
eliminates the operating deficit on the

1544
02:00:30,880 --> 02:00:32,400
previous page.

1545
02:00:32,400 --> 02:00:34,240
Uh so, that's coming from reserve. So,

1546
02:00:34,240 --> 02:00:36,000
again, you have $5 million going in,

1547
02:00:36,000 --> 02:00:39,120
$1.7 coming out in the reserve account

1548
02:00:39,120 --> 02:00:40,960
calculations you saw before. It's

1549
02:00:40,960 --> 02:00:44,080
already included last year's um surplus

1550
02:00:44,080 --> 02:00:46,680
from the operating budget. And then, of

1551
02:00:46,680 --> 02:00:48,800
course, we treat amortization as a draw

1552
02:00:48,800 --> 02:00:50,800
from equity. So, that's an in and an

1553
02:00:50,800 --> 02:00:52,800
out. And then this shows a balanced

1554
02:00:52,800 --> 02:00:54,600
budget at the bottom where the total is

1555
02:00:54,600 --> 02:00:58,320
zero. So, from an MGA perspective, from

1556
02:00:58,320 --> 02:01:00,440
a practical perspective, there's a

1557
02:01:00,440 --> 02:01:02,760
balanced budget a balanced budget that's

1558
02:01:02,760 --> 02:01:04,440
presented on the screen. Council could

1559
02:01:04,440 --> 02:01:05,920
approve that.

1560
02:01:05,920 --> 02:01:09,600
That budget includes no change to any of

1561
02:01:09,600 --> 02:01:11,120
the mill rates

1562
02:01:11,120 --> 02:01:12,200
um

1563
02:01:12,200 --> 02:01:14,560
in the community. So,

1564
02:01:14,560 --> 02:01:17,400
um not to bring these up right now, but

1565
02:01:17,400 --> 02:01:19,200
probably wanted to address them at some

1566
02:01:19,200 --> 02:01:22,680
point um because what I What I'm going

1567
02:01:22,680 --> 02:01:24,400
to stop here quickly before I make these

1568
02:01:24,400 --> 02:01:26,640
next comments is

1569
02:01:26,640 --> 02:01:29,840
when we look at the tax rate bylaw

1570
02:01:29,840 --> 02:01:32,560
at next meeting or whenever it is,

1571
02:01:32,560 --> 02:01:34,520
there's no debate or discussion around

1572
02:01:34,520 --> 02:01:36,680
those rates. Those rates are derived

1573
02:01:36,680 --> 02:01:38,760
from approving this budget and what we

1574
02:01:38,760 --> 02:01:42,400
need to bring in to meet the $29 million

1575
02:01:42,400 --> 02:01:44,520
of municipal taxes on the previous side.

1576
02:01:44,520 --> 02:01:47,280
So, before approving this budget would

1577
02:01:47,280 --> 02:01:49,120
be a time to have a discussion if you

1578
02:01:49,120 --> 02:01:50,840
were going to change any of the mill

1579
02:01:50,840 --> 02:01:53,600
rates. So, for example, the acreages

1580
02:01:53,600 --> 02:01:55,000
last year

1581
02:01:55,000 --> 02:01:57,400
um had their mill rate reduced. The

1582
02:01:57,400 --> 02:01:59,120
annexed acreages had their mill rate

1583
02:01:59,120 --> 02:02:01,400
reduced to I think it was halfway

1584
02:02:01,400 --> 02:02:03,120
between the city of Chestermere's rate

1585
02:02:03,120 --> 02:02:04,800
and halfway between Rockyview County's

1586
02:02:04,800 --> 02:02:06,200
rate. If you wanted to make an

1587
02:02:06,200 --> 02:02:08,080
adjustment to that, now's the time to

1588
02:02:08,080 --> 02:02:10,400
make that adjustment. Uh we've heard

1589
02:02:10,400 --> 02:02:12,640
from some residents on

1590
02:02:12,640 --> 02:02:15,560
the vacant lot mill rate.

1591
02:02:15,560 --> 02:02:17,720
Um again, if that is something Council

1592
02:02:17,720 --> 02:02:19,560
would want to change, now would be the

1593
02:02:19,560 --> 02:02:21,400
time to have those discussions so we can

1594
02:02:21,400 --> 02:02:23,800
incorporate those into

1595
02:02:23,800 --> 02:02:25,720
these budget numbers before you approve

1596
02:02:25,720 --> 02:02:27,920
the budget numbers. So,

1597
02:02:27,920 --> 02:02:29,200
um

1598
02:02:29,200 --> 02:02:31,680
yeah. So, that's two comments that

1599
02:02:31,680 --> 02:02:34,960
relate to the tax rate. Um generally, I

1600
02:02:34,960 --> 02:02:36,880
think we've seen

1601
02:02:36,880 --> 02:02:40,400
um in the neighborhood of a 2% average

1602
02:02:40,400 --> 02:02:42,920
decrease in assessment values.

1603
02:02:42,920 --> 02:02:44,840
So, this would actually practically

1604
02:02:44,840 --> 02:02:47,520
translate into about a 2% decrease in

1605
02:02:47,520 --> 02:02:49,560
municipal property taxes for the average

1606
02:02:49,560 --> 02:02:51,040
resident

1607
02:02:51,040 --> 02:02:52,640
keeping the mill rate the same and the

1608
02:02:52,640 --> 02:02:55,280
value of the home decreasing. I think my

1609
02:02:55,280 --> 02:02:58,880
home in particular was about 2.8% or so.

1610
02:02:58,880 --> 02:03:01,760
So, without any change to the mill rate,

1611
02:03:01,760 --> 02:03:04,680
we have a balanced budget. Keeps all of

1612
02:03:04,680 --> 02:03:07,200
the tax rates the same as last year

1613
02:03:07,200 --> 02:03:09,160
through all the properties, residential,

1614
02:03:09,160 --> 02:03:10,640
non-residential.

1615
02:03:10,640 --> 02:03:13,040
And gives us a balanced budget.

1616
02:03:13,040 --> 02:03:15,440
Administration through this process

1617
02:03:15,440 --> 02:03:17,440
have recommended we at least start

1618
02:03:17,440 --> 02:03:19,600
putting something aside

1619
02:03:19,600 --> 02:03:21,040
for savings.

1620
02:03:21,040 --> 02:03:23,520
We're still using franchise fees in the

1621
02:03:23,520 --> 02:03:26,000
operating budget to deal with our

1622
02:03:26,000 --> 02:03:27,560
operating budget. I know that was a

1623
02:03:27,560 --> 02:03:29,440
passion of Councillor Grants

1624
02:03:29,440 --> 02:03:30,640
a couple years ago when we started

1625
02:03:30,640 --> 02:03:33,160
looking at this. So, our recommendation

1626
02:03:33,160 --> 02:03:36,360
would be to in this

1627
02:03:36,360 --> 02:03:38,200
two reserve fund

1628
02:03:38,200 --> 02:03:40,800
to increase that $5 million by some

1629
02:03:40,800 --> 02:03:42,520
amount. Our

1630
02:03:42,520 --> 02:03:44,560
request you heard earlier was about $2.2

1631
02:03:44,560 --> 02:03:46,840
million. That's to start putting away

1632
02:03:46,840 --> 02:03:48,560
for the replacement of our existing

1633
02:03:48,560 --> 02:03:50,560
assets and infrastructure.

1634
02:03:50,560 --> 02:03:52,640
And then the next consideration would be

1635
02:03:52,640 --> 02:03:55,000
for council um

1636
02:03:55,000 --> 02:03:56,880
to decide whether you want to start

1637
02:03:56,880 --> 02:03:58,360
putting away

1638
02:03:58,360 --> 02:04:00,600
some money for any of the specific

1639
02:04:00,600 --> 02:04:03,400
capital projects such as the library or

1640
02:04:03,400 --> 02:04:06,320
the rec center. Um the

1641
02:04:06,320 --> 02:04:08,840
funding projection I showed earlier, of

1642
02:04:08,840 --> 02:04:11,440
course we don't start paying

1643
02:04:11,440 --> 02:04:13,040
down a debenture until after we've

1644
02:04:13,040 --> 02:04:14,520
actually taken the debenture out, which

1645
02:04:14,520 --> 02:04:16,920
isn't being contemplated at this point

1646
02:04:16,920 --> 02:04:18,280
because no decision has been made on

1647
02:04:18,280 --> 02:04:21,040
those capital projects. So, um

1648
02:04:21,040 --> 02:04:23,320
I guess there's a few options,

1649
02:04:23,320 --> 02:04:25,440
um and I would open it up to council

1650
02:04:25,440 --> 02:04:28,440
what you would like to do. Um

1651
02:04:28,440 --> 02:04:30,880
for that asset replacement savings of

1652
02:04:30,880 --> 02:04:34,280
$2.2 million, again it'd be $14 a month.

1653
02:04:34,280 --> 02:04:38,280
$14.76 cents on a $700,000 home and

1654
02:04:38,280 --> 02:04:40,160
about a 7.8%

1655
02:04:40,160 --> 02:04:42,080
increase to the tax rate, which

1656
02:04:42,080 --> 02:04:44,440
effectively would be about a 5.8%

1657
02:04:44,440 --> 02:04:46,600
increase because

1658
02:04:46,600 --> 02:04:49,840
the average home will see about 2% uh

1659
02:04:49,840 --> 02:04:51,840
decrease based on their assessment value

1660
02:04:51,840 --> 02:04:54,120
going down about 2%.

1661
02:04:54,120 --> 02:04:55,320
So,

1662
02:04:55,320 --> 02:04:57,520
I guess I'd open it up to council for

1663
02:04:57,520 --> 02:04:59,400
your discussion and

1664
02:04:59,400 --> 02:05:02,200
of what as council you would like to do.

1665
02:05:02,200 --> 02:05:05,120
Um once you've got some direction on

1666
02:05:05,120 --> 02:05:06,480
that, I think that's when we'll start

1667
02:05:06,480 --> 02:05:08,320
sort of taking breaks, punching some

1668
02:05:08,320 --> 02:05:09,640
numbers into this, and bringing

1669
02:05:09,640 --> 02:05:12,560
something back um to show you what the

1670
02:05:12,560 --> 02:05:16,630
what the impact looks like.

1671
02:05:16,640 --> 02:05:18,800
Councilor Sambol.

1672
02:05:18,800 --> 02:05:19,920
Thank you, Your Worship. Through you to

1673
02:05:19,920 --> 02:05:22,560
Mr. Edney. What would be the legislative

1674
02:05:22,560 --> 02:05:27,040
process in this process here to consider

1675
02:05:27,040 --> 02:05:29,400
a phasing in of a property tax rate, for

1676
02:05:29,400 --> 02:05:30,960
example, with the vacant residential

1677
02:05:30,960 --> 02:05:33,000
lots, if we wanted to phase into the

1678
02:05:33,000 --> 02:05:35,040
ultimate rate?

1679
02:05:35,040 --> 02:05:37,000
Mr. Edney.

1680
02:05:37,000 --> 02:05:38,680
Thanks, Mayor Dean. To Councilor Sambol.

1681
02:05:38,680 --> 02:05:40,560
So,

1682
02:05:40,560 --> 02:05:46,830
the interesting thing with phasing is um

1683
02:05:46,840 --> 02:05:48,320
you can never

1684
02:05:48,320 --> 02:05:51,030
um

1685
02:05:51,040 --> 02:05:53,000
I can't think of the presuppose. What's

1686
02:05:53,000 --> 02:05:54,920
the word? Fetter. Thank you. I got you.

1687
02:05:54,920 --> 02:05:57,200
You can never fetter a future council's

1688
02:05:57,200 --> 02:05:58,800
decisions. So,

1689
02:05:58,800 --> 02:06:00,680
regardless of what you decided this

1690
02:06:00,680 --> 02:06:03,080
year, now, assumingly next year it's the

1691
02:06:03,080 --> 02:06:05,160
same seven of you sitting here, so it's

1692
02:06:05,160 --> 02:06:06,680
a little bit easier.

1693
02:06:06,680 --> 02:06:07,640
Um

1694
02:06:07,640 --> 02:06:09,240
you could

1695
02:06:09,240 --> 02:06:11,080
make a statement, or you could build a

1696
02:06:11,080 --> 02:06:14,280
policy that says, you know, hey,

1697
02:06:14,280 --> 02:06:16,480
over the next 4 years, the intent will

1698
02:06:16,480 --> 02:06:18,080
be to

1699
02:06:18,080 --> 02:06:21,400
increase a certain or decrease a certain

1700
02:06:21,400 --> 02:06:24,760
tax rate by a set amount every year,

1701
02:06:24,760 --> 02:06:27,160
but legislatively the bylaw

1702
02:06:27,160 --> 02:06:30,480
supersedes any policy. So, at at time

1703
02:06:30,480 --> 02:06:33,560
you're approving the tax rate bylaw, you

1704
02:06:33,560 --> 02:06:34,560
can

1705
02:06:34,560 --> 02:06:37,120
either follow that or ignore it or do

1706
02:06:37,120 --> 02:06:39,680
something different at any time. So, um

1707
02:06:39,680 --> 02:06:41,600
practically you're in a spot where if

1708
02:06:41,600 --> 02:06:43,960
council decided, in your example, to do

1709
02:06:43,960 --> 02:06:46,360
something with a particular rate,

1710
02:06:46,360 --> 02:06:47,640
with

1711
02:06:47,640 --> 02:06:49,600
advanced notice that we intend to do

1712
02:06:49,600 --> 02:06:51,360
something different with it next year,

1713
02:06:51,360 --> 02:06:54,320
you can do that. It just doesn't

1714
02:06:54,320 --> 02:06:57,000
have effect. Your tax rate bylaw only

1715
02:06:57,000 --> 02:06:58,280
applies

1716
02:06:58,280 --> 02:07:01,800
in the current tax year. See.

1717
02:07:01,800 --> 02:07:03,280
Hope that answered it. Councillor

1718
02:07:03,280 --> 02:07:04,520
Sambol.

1719
02:07:04,520 --> 02:07:06,280
Thank you, Your Worship. Knowing that, I

1720
02:07:06,280 --> 02:07:08,840
would like to bring forward I'm not I'm

1721
02:07:08,840 --> 02:07:09,800
I'm not sure how we want to have the

1722
02:07:09,800 --> 02:07:11,680
discussion given that we're not talking

1723
02:07:11,680 --> 02:07:13,600
about the tax bylaw right now, but I

1724
02:07:13,600 --> 02:07:14,760
would like to have that discussion about

1725
02:07:14,760 --> 02:07:16,680
phasing that in. Um from what I

1726
02:07:16,680 --> 02:07:19,240
understand, there is some kind of policy

1727
02:07:19,240 --> 02:07:21,880
in place. Um I think it was 3 years or

1728
02:07:21,880 --> 02:07:23,520
something. Maybe Mr. Edney could remind

1729
02:07:23,520 --> 02:07:26,280
me about um vacant for a certain period

1730
02:07:26,280 --> 02:07:28,800
of time and then this rate takes effect.

1731
02:07:28,800 --> 02:07:30,960
Um but I think given what we heard from

1732
02:07:30,960 --> 02:07:32,400
residents, we should consider that

1733
02:07:32,400 --> 02:07:35,200
possibly phasing in over 3 or 5 years.

1734
02:07:35,200 --> 02:07:36,920
Um

1735
02:07:36,920 --> 02:07:39,200
and I it sounds like that would be to

1736
02:07:39,200 --> 02:07:41,040
direct administration to create a policy

1737
02:07:41,040 --> 02:07:43,520
to that effect.

1738
02:07:43,520 --> 02:07:45,960
Mr. Edney.

1739
02:07:45,960 --> 02:07:48,960
Yeah. Thank you, Mayor Dean. So,

1740
02:07:48,960 --> 02:07:50,880
we have

1741
02:07:50,880 --> 02:07:54,120
a policy that defines what a vacant

1742
02:07:54,120 --> 02:07:56,760
residential lot is and it's captured in

1743
02:07:56,760 --> 02:07:59,400
the tax rate bylaw in the definition.

1744
02:07:59,400 --> 02:08:02,320
And you're correct. It's um 3 years

1745
02:08:02,320 --> 02:08:04,320
without a principal dwelling being

1746
02:08:04,320 --> 02:08:06,800
constructed after having

1747
02:08:06,800 --> 02:08:08,080
sewer

1748
02:08:08,080 --> 02:08:08,840
um

1749
02:08:08,840 --> 02:08:11,080
and water connections brought to the

1750
02:08:11,080 --> 02:08:12,440
property line.

1751
02:08:12,440 --> 02:08:16,920
Uh so, most well, not most, all the

1752
02:08:16,920 --> 02:08:18,960
properties we've heard from are ones

1753
02:08:18,960 --> 02:08:21,000
that have been vacant practically for a

1754
02:08:21,000 --> 02:08:24,160
decade or more at this point. So,

1755
02:08:24,160 --> 02:08:26,800
there would have to be a I'm I'm

1756
02:08:26,800 --> 02:08:28,520
thinking the way we'd have want to take

1757
02:08:28,520 --> 02:08:30,000
it away and look at it, but I'm thinking

1758
02:08:30,000 --> 02:08:32,760
the way would be to um

1759
02:08:32,760 --> 02:08:35,160
just change that definition

1760
02:08:35,160 --> 02:08:38,030
to

1761
02:08:38,040 --> 02:08:41,040
3 years after

1762
02:08:41,040 --> 02:08:42,640
2026

1763
02:08:42,640 --> 02:08:44,120
or something like that, right? If you

1764
02:08:44,120 --> 02:08:45,520
wanted to

1765
02:08:45,520 --> 02:08:47,400
give them a break from now saying, "Hey,

1766
02:08:47,400 --> 02:08:49,120
right now your property meets the

1767
02:08:49,120 --> 02:08:52,040
definition of vacant residential.

1768
02:08:52,040 --> 02:08:55,360
However, we're going to give 1 3 5 years

1769
02:08:55,360 --> 02:08:57,520
before we start enforcing that tax rate

1770
02:08:57,520 --> 02:08:58,960
on you." We would just need to change

1771
02:08:58,960 --> 02:09:00,720
the definition then.

1772
02:09:00,720 --> 02:09:01,760
Um

1773
02:09:01,760 --> 02:09:03,880
and because each property will have a

1774
02:09:03,880 --> 02:09:05,880
unique

1775
02:09:05,880 --> 02:09:07,760
time it became vacant, if that makes

1776
02:09:07,760 --> 02:09:08,960
sense.

1777
02:09:08,960 --> 02:09:11,280
You'd want to put something in of, you

1778
02:09:11,280 --> 02:09:13,880
know, "If your property is deemed vacant

1779
02:09:13,880 --> 02:09:16,840
on 2026, this policy doesn't apply to

1780
02:09:16,840 --> 02:09:18,280
you until

1781
02:09:18,280 --> 02:09:21,560
2029 tax year or the 2030 tax year."

1782
02:09:21,560 --> 02:09:23,160
I think would be my suggestion, but I'd

1783
02:09:23,160 --> 02:09:24,680
want to confirm

1784
02:09:24,680 --> 02:09:26,520
with the finance and our taxation

1785
02:09:26,520 --> 02:09:27,960
department

1786
02:09:27,960 --> 02:09:29,920
if that's the right approach. Councillor

1787
02:09:29,920 --> 02:09:31,480
Sandbo.

1788
02:09:31,480 --> 02:09:33,200
Thank you, Your Worship, uh to you and

1789
02:09:33,200 --> 02:09:35,040
also to Mr. Edney. I think I would

1790
02:09:35,040 --> 02:09:37,640
prefer not changing the definition. I

1791
02:09:37,640 --> 02:09:40,760
think when we had this discussion last

1792
02:09:40,760 --> 02:09:43,840
year, uh the intent of trying to not

1793
02:09:43,840 --> 02:09:46,040
have too many vacant residential lots uh

1794
02:09:46,040 --> 02:09:47,600
still stands and that 3 years makes

1795
02:09:47,600 --> 02:09:52,200
sense. I wonder if we could set a lower

1796
02:09:52,200 --> 02:09:54,120
increase rate than originally intended

1797
02:09:54,120 --> 02:09:56,560
for this year and add to the policy of

1798
02:09:56,560 --> 02:09:57,920
phasing it in. So, like the higher

1799
02:09:57,920 --> 02:10:00,960
amount definition stays the same, but in

1800
02:10:00,960 --> 02:10:03,600
2027, the intent is to put it to this

1801
02:10:03,600 --> 02:10:06,200
amount. In 2028, the intent is to put it

1802
02:10:06,200 --> 02:10:08,000
to this amount, which may be the full

1803
02:10:08,000 --> 02:10:09,400
amount. Is that something that we could

1804
02:10:09,400 --> 02:10:11,000
do?

1805
02:10:11,000 --> 02:10:13,160
Mr. Edney.

1806
02:10:13,160 --> 02:10:15,000
Yeah, thank you, Mayor Dean. Um yeah, I

1807
02:10:15,000 --> 02:10:18,880
apologize, Councillor Sandbo. I maybe uh

1808
02:10:18,880 --> 02:10:20,520
misunderstood the question, but yes,

1809
02:10:20,520 --> 02:10:23,200
absolutely. So, I think the tax rate

1810
02:10:23,200 --> 02:10:24,680
right now is in the neighborhood of

1811
02:10:24,680 --> 02:10:26,520
13.5%.

1812
02:10:26,520 --> 02:10:29,480
If you wanted to set it at 5% for this

1813
02:10:29,480 --> 02:10:30,440
year

1814
02:10:30,440 --> 02:10:32,520
and make a public statement that every

1815
02:10:32,520 --> 02:10:35,080
year it's going to go up by another it's

1816
02:10:35,080 --> 02:10:37,760
going to go from 5 to 7 to 9 to 11 to 13

1817
02:10:37,760 --> 02:10:40,040
or whatever our maximum ends up being.

1818
02:10:40,040 --> 02:10:42,000
Um that would be best to capture that in

1819
02:10:42,000 --> 02:10:44,680
the policy. Again, it doesn't

1820
02:10:44,680 --> 02:10:46,400
confirm it. You could come back next

1821
02:10:46,400 --> 02:10:48,560
year and bump it all the way up to 13 or

1822
02:10:48,560 --> 02:10:50,560
knock it down to three. Whatever you

1823
02:10:50,560 --> 02:10:51,840
want it to do, but it would at least

1824
02:10:51,840 --> 02:10:55,120
give those um residents some

1825
02:10:55,120 --> 02:10:57,720
line of sight to what they could expect

1826
02:10:57,720 --> 02:11:00,520
to have happen.

1827
02:11:00,520 --> 02:11:02,600
Councillor Sambol?

1828
02:11:02,600 --> 02:11:04,160
Thank you, Your Worship. I'm just trying

1829
02:11:04,160 --> 02:11:06,000
to off- offer something that could give

1830
02:11:06,000 --> 02:11:07,640
us a discussion point. So, if you'd like

1831
02:11:07,640 --> 02:11:08,800
a motion or something, please let me

1832
02:11:08,800 --> 02:11:09,560
know.

1833
02:11:09,560 --> 02:11:11,200
Um but my starting point would be to

1834
02:11:11,200 --> 02:11:13,200
suggest setting that rate for this year

1835
02:11:13,200 --> 02:11:15,440
at double the residential rate and then

1836
02:11:15,440 --> 02:11:17,600
changing the policy to phase it in. And

1837
02:11:17,600 --> 02:11:18,920
that would at least give residents some

1838
02:11:18,920 --> 02:11:20,360
time to make decisions about their

1839
02:11:20,360 --> 02:11:22,800
property, which was um the feedback that

1840
02:11:22,800 --> 02:11:24,760
I I received most heavily is it's it's

1841
02:11:24,760 --> 02:11:26,240
not fair to not give people time to make

1842
02:11:26,240 --> 02:11:29,240
decisions about their assets.

1843
02:11:29,240 --> 02:11:31,600
Um Mr. Ernie.

1844
02:11:31,600 --> 02:11:32,840
Thank you, Mayor Deena. And just for

1845
02:11:32,840 --> 02:11:35,240
clarity, too, um because

1846
02:11:35,240 --> 02:11:37,680
the the phasing in would be a change to

1847
02:11:37,680 --> 02:11:40,120
a policy, um that's not something that

1848
02:11:40,120 --> 02:11:42,480
needs to be done before the budget gets

1849
02:11:42,480 --> 02:11:44,440
approved or the tax rate bylaw cuz all

1850
02:11:44,440 --> 02:11:45,800
you're looking at is what the rate is

1851
02:11:45,800 --> 02:11:47,640
for this year. So, you could make a

1852
02:11:47,640 --> 02:11:49,840
motion exactly what you said to set it

1853
02:11:49,840 --> 02:11:51,520
at double

1854
02:11:51,520 --> 02:11:53,720
the residential tax rate, we'll

1855
02:11:53,720 --> 02:11:55,160
incorporate that into the bylaw, and

1856
02:11:55,160 --> 02:11:57,520
then come back with a policy change

1857
02:11:57,520 --> 02:11:59,920
um for approval at a at a separate

1858
02:11:59,920 --> 02:12:01,160
council meeting.

1859
02:12:01,160 --> 02:12:01,760
Is that your recommendation?

1860
02:12:01,760 --> 02:12:03,430
>> would be my recommendation. Otherwise,

1861
02:12:03,430 --> 02:12:03,440
» would be my recommendation. Otherwise,

1862
02:12:03,440 --> 02:12:05,080
we're going to get really cramped to to

1863
02:12:05,080 --> 02:12:07,280
make that kind of policy change.

1864
02:12:07,280 --> 02:12:08,680
As a reminder for everyone, what is it

1865
02:12:08,680 --> 02:12:10,400
set at now?

1866
02:12:10,400 --> 02:12:12,200
I think it's 13.5.

1867
02:12:12,200 --> 02:12:14,800
So, not it's more than double right now.

1868
02:12:14,800 --> 02:12:17,840
It's five times. Yes. It's set under the

1869
02:12:17,840 --> 02:12:20,320
Municipal Government Act, your highest

1870
02:12:20,320 --> 02:12:22,960
tax rate cannot be more than five times

1871
02:12:22,960 --> 02:12:24,640
your lowest tax rate. So, right now it's

1872
02:12:24,640 --> 02:12:27,960
set at five times 3.2

1873
02:12:27,960 --> 02:12:30,400
4, which I think is 13.57.

1874
02:12:30,400 --> 02:12:32,440
I can pull up the exact number.

1875
02:12:32,440 --> 02:12:34,480
Okay, Councillor Grant.

1876
02:12:34,480 --> 02:12:36,160
Thank you, Mayor Dean. Through the chair

1877
02:12:36,160 --> 02:12:38,320
to administration, Mr. Edney,

1878
02:12:38,320 --> 02:12:40,320
um I guess my thoughts on the vacant

1879
02:12:40,320 --> 02:12:42,120
property tax rate is I would like to see

1880
02:12:42,120 --> 02:12:44,520
the R1 property excluded from that. Um

1881
02:12:44,520 --> 02:12:45,720
when I think about it, I'm not really

1882
02:12:45,720 --> 02:12:47,520
concerned about that single individual

1883
02:12:47,520 --> 02:12:49,480
property that's sitting vacant. My

1884
02:12:49,480 --> 02:12:51,520
concern is more around the large

1885
02:12:51,520 --> 02:12:53,320
properties, the multi-family properties,

1886
02:12:53,320 --> 02:12:54,480
the commercial properties that are

1887
02:12:54,480 --> 02:12:56,360
vacant. Um and those are the ones that I

1888
02:12:56,360 --> 02:12:58,560
think we should be addressing. Um

1889
02:12:58,560 --> 02:12:59,880
we had the gentleman in here the other

1890
02:12:59,880 --> 02:13:01,840
day who was had his property for quite

1891
02:13:01,840 --> 02:13:04,320
some time, and he to to my knowledge,

1892
02:13:04,320 --> 02:13:05,960
he's paid his taxes on it every year,

1893
02:13:05,960 --> 02:13:07,360
and he's maintained that property, and

1894
02:13:07,360 --> 02:13:08,800
I'm sure his neighbors actually enjoy

1895
02:13:08,800 --> 02:13:11,760
not having a house there. Um so, I don't

1896
02:13:11,760 --> 02:13:14,080
I don't really see a benefit to be

1897
02:13:14,080 --> 02:13:15,520
swinging the hammer at these R1

1898
02:13:15,520 --> 02:13:18,440
properties, um as much as the commercial

1899
02:13:18,440 --> 02:13:23,630
or the multi-family properties.

1900
02:13:23,640 --> 02:13:25,120
Mr. Edney.

1901
02:13:25,120 --> 02:13:26,520
Yeah, thank you, Mayor Dean. So, to

1902
02:13:26,520 --> 02:13:29,840
Councillor Grant's point, um

1903
02:13:29,840 --> 02:13:31,600
yeah, I mean, that's entirely a council

1904
02:13:31,600 --> 02:13:33,600
decision. That's for council to

1905
02:13:33,600 --> 02:13:36,800
philosophize on. I think

1906
02:13:36,800 --> 02:13:41,470
what I'm looking at right now is

1907
02:13:41,480 --> 02:13:44,320
then we would need to change We'd need

1908
02:13:44,320 --> 02:13:46,640
to change the definition of vacant

1909
02:13:46,640 --> 02:13:48,800
residential

1910
02:13:48,800 --> 02:13:52,240
to not include specific

1911
02:13:52,240 --> 02:13:54,120
types.

1912
02:13:54,120 --> 02:13:55,560
Um

1913
02:13:55,560 --> 02:13:58,120
you can create as many residential

1914
02:13:58,120 --> 02:14:00,480
subclasses as you want, so I think that

1915
02:14:00,480 --> 02:14:02,440
would apply to vacant residential as

1916
02:14:02,440 --> 02:14:04,880
well. I'd have to look in the MGA to

1917
02:14:04,880 --> 02:14:07,800
confirm that that as many subclasses as

1918
02:14:07,800 --> 02:14:10,040
you want also applies to vacant. I'm

1919
02:14:10,040 --> 02:14:14,080
99.9% sure it does because it all falls

1920
02:14:14,080 --> 02:14:16,080
under the residential category.

1921
02:14:16,080 --> 02:14:19,360
And yes, you can um

1922
02:14:19,360 --> 02:14:22,240
tax an R1 property different than an R3

1923
02:14:22,240 --> 02:14:24,240
property, different than an R4 property

1924
02:14:24,240 --> 02:14:25,520
if you wanted to create those

1925
02:14:25,520 --> 02:14:26,960
subclasses.

1926
02:14:26,960 --> 02:14:31,040
Um I've talked a lot about you can't

1927
02:14:31,040 --> 02:14:33,440
tax based on who owns the property, but

1928
02:14:33,440 --> 02:14:35,320
you can tax based on the different type

1929
02:14:35,320 --> 02:14:37,080
of property. So, as I'm thinking about

1930
02:14:37,080 --> 02:14:38,480
this out loud,

1931
02:14:38,480 --> 02:14:40,320
I think you should be able if council so

1932
02:14:40,320 --> 02:14:43,720
desired to split out certain types

1933
02:14:43,720 --> 02:14:46,360
of properties from applying to the

1934
02:14:46,360 --> 02:14:49,520
vacant non or vacant residential

1935
02:14:49,520 --> 02:14:53,040
tax, but we would need some time to

1936
02:14:53,040 --> 02:14:57,430
change that. Um

1937
02:14:57,440 --> 02:14:58,640
If if we're going to change the

1938
02:14:58,640 --> 02:15:01,720
definition of of vacant residential. So,

1939
02:15:01,720 --> 02:15:03,480
then if I may to Councillor Grant, would

1940
02:15:03,480 --> 02:15:06,640
you then be suggesting that the R1

1941
02:15:06,640 --> 02:15:08,440
vacant lot tax rate stay at the same as

1942
02:15:08,440 --> 02:15:10,360
the residential tax rate? Councillor

1943
02:15:10,360 --> 02:15:11,320
Grant.

1944
02:15:11,320 --> 02:15:13,400
Uh thank you, Mayor Dean. Yes, I would

1945
02:15:13,400 --> 02:15:16,000
be okay with that. Um I think that I

1946
02:15:16,000 --> 02:15:17,760
think that'd be fine in my

1947
02:15:17,760 --> 02:15:19,480
estimation.

1948
02:15:19,480 --> 02:15:23,320
Right, okay. Uh Councillor Randhawa.

1949
02:15:23,320 --> 02:15:24,800
Thank you.

1950
02:15:24,800 --> 02:15:27,480
Excuse me. Thank you, Your Worship. Uh

1951
02:15:27,480 --> 02:15:31,640
for the vacant R1, I think not keep at

1952
02:15:31,640 --> 02:15:33,680
the same, that's my suggestion. Just

1953
02:15:33,680 --> 02:15:38,400
little bit little bit extra tax. So,

1954
02:15:38,400 --> 02:15:40,240
not same as the residence. But my

1955
02:15:40,240 --> 02:15:41,840
another question is

1956
02:15:41,840 --> 02:15:42,640
uh

1957
02:15:42,640 --> 02:15:44,640
for the budget, uh

1958
02:15:44,640 --> 02:15:47,600
for the criminal record check, this is a

1959
02:15:47,600 --> 02:15:50,280
good time to talk about increasing the

1960
02:15:50,280 --> 02:15:52,640
fee for the criminal record check

1961
02:15:52,640 --> 02:15:54,920
because we are in the budget or

1962
02:15:54,920 --> 02:15:56,560
uh we should have the separate

1963
02:15:56,560 --> 02:15:58,320
discussion

1964
02:15:58,320 --> 02:16:05,110
about that. Mr. Redman.

1965
02:16:05,120 --> 02:16:08,080
Yeah, I think um

1966
02:16:08,080 --> 02:16:10,760
so, we do it a little different here. We

1967
02:16:10,760 --> 02:16:12,600
have a fee schedule

1968
02:16:12,600 --> 02:16:14,920
um where all of this is accounted for.

1969
02:16:14,920 --> 02:16:17,240
It's coming to council.

1970
02:16:17,240 --> 02:16:19,840
Um ideally, it should be part of the

1971
02:16:19,840 --> 02:16:22,720
budget discussions. Um

1972
02:16:22,720 --> 02:16:25,880
practically, it's not going to make

1973
02:16:25,880 --> 02:16:28,080
any sort of material impact, right?

1974
02:16:28,080 --> 02:16:30,520
We're We're talking thousands of dollars

1975
02:16:30,520 --> 02:16:32,800
on a 62 million. So, it's kind of a

1976
02:16:32,800 --> 02:16:34,719
rounding error. I would suggest that

1977
02:16:34,719 --> 02:16:35,920
it's

1978
02:16:35,920 --> 02:16:37,280
There's nothing wrong with talking about

1979
02:16:37,280 --> 02:16:39,120
it here, but I think the best place

1980
02:16:39,120 --> 02:16:41,360
would be when that schedule of fees

1981
02:16:41,360 --> 02:16:44,320
um comes for for an update, but that's

1982
02:16:44,320 --> 02:16:47,200
again up to up to council.

1983
02:16:47,200 --> 02:16:48,240
Okay?

1984
02:16:48,240 --> 02:16:49,880
I'll come back to fees here in a moment.

1985
02:16:49,880 --> 02:16:51,120
I don't want to move away from the

1986
02:16:51,120 --> 02:16:54,160
vacant lots here. So, um there's a

1987
02:16:54,160 --> 02:16:57,400
proposal that is There's some ideas that

1988
02:16:57,400 --> 02:16:59,440
are currently on the table that

1989
02:16:59,440 --> 02:17:01,840
uh kicking around the idea of moving to

1990
02:17:01,840 --> 02:17:04,679
a motion. So, if I may try and capture

1991
02:17:04,679 --> 02:17:06,080
this I believe Counselor Sambo's

1992
02:17:06,080 --> 02:17:09,400
suggestion was that all vacant lots

1993
02:17:09,400 --> 02:17:11,280
would be double the residential tax

1994
02:17:11,280 --> 02:17:12,400
rate.

1995
02:17:12,400 --> 02:17:15,440
Um Counselor

1996
02:17:15,440 --> 02:17:18,080
Thank you, Your Worship. Um I wasn't

1997
02:17:18,080 --> 02:17:20,000
aware that we could split them out by

1998
02:17:20,000 --> 02:17:22,000
property type. So, if that is the case,

1999
02:17:22,000 --> 02:17:23,080
I'm very much on board with what

2000
02:17:23,080 --> 02:17:24,639
Counselor Grant is saying, but I

2001
02:17:24,639 --> 02:17:25,639
understand that might be a little bit

2002
02:17:25,639 --> 02:17:27,160
harder to accomplish because we need to

2003
02:17:27,160 --> 02:17:29,120
change the policy as well.

2004
02:17:29,120 --> 02:17:32,679
Right. We also know that we do have Part

2005
02:17:32,679 --> 02:17:34,000
of the reason why we changed gap to

2006
02:17:34,000 --> 02:17:36,840
special was to advise at time in that

2007
02:17:36,840 --> 02:17:39,280
week. So, I know it could create a bit

2008
02:17:39,280 --> 02:17:41,840
of a busy week uh here with regards to

2009
02:17:41,840 --> 02:17:43,120
the policy.

2010
02:17:43,120 --> 02:17:43,920
Um

2011
02:17:43,920 --> 02:17:45,719
but uh yeah, so just finishing that

2012
02:17:45,719 --> 02:17:47,400
thought. Yeah, so you had originally

2013
02:17:47,400 --> 02:17:50,880
suggested uh that the um all vacant lots

2014
02:17:50,880 --> 02:17:52,880
would be double the residential. Uh

2015
02:17:52,880 --> 02:17:54,320
however, after hearing the suggestion

2016
02:17:54,320 --> 02:17:56,559
from Counselor Grant, the idea is could

2017
02:17:56,559 --> 02:17:59,000
we make vacant lots

2018
02:17:59,000 --> 02:18:01,440
double the residential

2019
02:18:01,440 --> 02:18:04,080
with the exception of R1 lots, so I

2020
02:18:04,080 --> 02:18:05,639
believe is what counselor Grant was I'm

2021
02:18:05,639 --> 02:18:07,440
seeing nodding.

2022
02:18:07,440 --> 02:18:10,000
Uh sorry, counselor Grant.

2023
02:18:10,000 --> 02:18:11,080
Thank you, Mayor Dean. I would say

2024
02:18:11,080 --> 02:18:13,080
exclusive of R1 would would probably be

2025
02:18:13,080 --> 02:18:15,639
the proper word there. Yes, thank you.

2026
02:18:15,639 --> 02:18:19,000
Okay. So, Mr. Eddy.

2027
02:18:19,000 --> 02:18:20,480
Yeah, thank you, Mayor Dean. I think

2028
02:18:20,480 --> 02:18:22,280
just for clarification, you're looking

2029
02:18:22,280 --> 02:18:24,440
at single detached family.

2030
02:18:24,440 --> 02:18:28,719
So, we have R1, R1 estate, um large lot

2031
02:18:28,719 --> 02:18:30,480
rural,

2032
02:18:30,480 --> 02:18:34,920
R1 plan lot, R1 PFD. I'm assuming it's

2033
02:18:34,920 --> 02:18:36,639
all of that. Anything that's a single

2034
02:18:36,639 --> 02:18:39,440
detached, but

2035
02:18:39,440 --> 02:18:43,719
what about R2s with duplex town homes?

2036
02:18:43,719 --> 02:18:44,920
Counselor Grant.

2037
02:18:44,920 --> 02:18:45,599
Uh

2038
02:18:45,599 --> 02:18:47,519
thank you, Mayor Dean. Uh no, Mr. Eddy,

2039
02:18:47,519 --> 02:18:49,599
I would I would just leave it as the

2040
02:18:49,599 --> 02:18:52,880
um R1 type of property, whether that be

2041
02:18:52,880 --> 02:18:55,440
uh an estate or uh plan rear lane, plan

2042
02:18:55,440 --> 02:18:58,120
front lane, um all of that. Um and and

2043
02:18:58,120 --> 02:19:00,320
my my rationale is those properties are

2044
02:19:00,320 --> 02:19:02,840
largely owned by private citizens, where

2045
02:19:02,840 --> 02:19:04,360
the larger properties are owned by

2046
02:19:04,360 --> 02:19:05,800
businesses, and and that's really what

2047
02:19:05,800 --> 02:19:07,240
we're trying to help incentivize is

2048
02:19:07,240 --> 02:19:08,599
these businesses to build the products

2049
02:19:08,599 --> 02:19:09,960
that they said they would build. So,

2050
02:19:09,960 --> 02:19:11,760
single detached.

2051
02:19:11,760 --> 02:19:14,000
As opposed to saying R1 single detached.

2052
02:19:14,000 --> 02:19:14,920
Thank you, Mayor Dean. Sounds good.

2053
02:19:14,920 --> 02:19:16,110
>> Yes. Yes. Yeah.

2054
02:19:16,110 --> 02:19:16,120
» Yes. Yes. Yeah.

2055
02:19:16,120 --> 02:19:18,390
>> Okay. Sorry, that was a question. Sorry.

2056
02:19:18,390 --> 02:19:18,400
» Okay. Sorry, that was a question. Sorry.

2057
02:19:18,400 --> 02:19:19,920
Uh okay.

2058
02:19:19,920 --> 02:19:21,400
Um

2059
02:19:21,400 --> 02:19:23,360
So, with that then, we could put a

2060
02:19:23,360 --> 02:19:26,280
motion on the floor that says something

2061
02:19:26,280 --> 02:19:28,000
along those lines,

2062
02:19:28,000 --> 02:19:30,519
uh and that would be uh council

2063
02:19:30,519 --> 02:19:33,840
to direct administration

2064
02:19:33,840 --> 02:19:37,470
to set the vacant

2065
02:19:37,480 --> 02:19:39,200
uh lot

2066
02:19:39,200 --> 02:19:42,110
tax rate

2067
02:19:42,120 --> 02:19:43,800
at

2068
02:19:43,800 --> 02:19:47,200
double the residential tax rate

2069
02:19:47,200 --> 02:19:49,840
with the exception of

2070
02:19:49,840 --> 02:19:52,480
single detached

2071
02:19:52,480 --> 02:19:54,120
properties.

2072
02:19:54,120 --> 02:19:55,720
So, Mr. Eddy, I'm I'm to turn to you to

2073
02:19:55,720 --> 02:19:58,320
see if I captured that wording

2074
02:19:58,320 --> 02:19:59,920
correctly in terms of like what you

2075
02:19:59,920 --> 02:20:01,920
would be looking for before we start

2076
02:20:01,920 --> 02:20:03,400
opening up and debating. Then Council,

2077
02:20:03,400 --> 02:20:05,200
I'll come to you with wording. I just

2078
02:20:05,200 --> 02:20:06,400
want to see if this is what we were

2079
02:20:06,400 --> 02:20:08,760
capturing from the conversation. So, uh

2080
02:20:08,760 --> 02:20:10,280
Mr. Hedden.

2081
02:20:10,280 --> 02:20:12,480
Yeah, thank you, Mayor Dean. Um so, if I

2082
02:20:12,480 --> 02:20:14,320
can just work with ledge services just

2083
02:20:14,320 --> 02:20:15,920
to adjust this.

2084
02:20:15,920 --> 02:20:17,720
Um if we can change it to Council

2085
02:20:17,720 --> 02:20:20,000
directed administration to set the

2086
02:20:20,000 --> 02:20:22,600
vacant residential

2087
02:20:22,600 --> 02:20:28,350
You can use capital for the V and the R.

2088
02:20:28,360 --> 02:20:33,270
And then delete lot.

2089
02:20:33,280 --> 02:20:34,080
At

2090
02:20:34,080 --> 02:20:37,720
at double the residential tax rate

2091
02:20:37,720 --> 02:20:46,910
and update the definition

2092
02:20:46,920 --> 02:20:51,750
of vacant residential

2093
02:20:51,760 --> 02:20:54,400
to exclude

2094
02:20:54,400 --> 02:21:00,110
and then delete with the exception of.

2095
02:21:00,120 --> 02:21:02,240
Okay. So,

2096
02:21:02,240 --> 02:21:03,440
Mr. Hedden, just confirming with you

2097
02:21:03,440 --> 02:21:04,920
that's the wording that could work for

2098
02:21:04,920 --> 02:21:07,000
this motion. Yeah, and then we'll bring

2099
02:21:07,000 --> 02:21:09,200
back when we change that definition,

2100
02:21:09,200 --> 02:21:10,840
bring back

2101
02:21:10,840 --> 02:21:13,160
R1 large lot rule, all the things that

2102
02:21:13,160 --> 02:21:14,840
fit into the spirit of this and then

2103
02:21:14,840 --> 02:21:16,520
Council can make a final debate to make

2104
02:21:16,520 --> 02:21:18,320
sure we got

2105
02:21:18,320 --> 02:21:20,760
all of those right. Should it pass?

2106
02:21:20,760 --> 02:21:24,280
Should it pass. Right. Okay. Uh

2107
02:21:24,280 --> 02:21:26,600
this kind of originally came from

2108
02:21:26,600 --> 02:21:29,280
Councillor Grant and Councillor Sandbo.

2109
02:21:29,280 --> 02:21:30,520
Uh I just want to check with you two

2110
02:21:30,520 --> 02:21:32,560
first if you are okay with the wording

2111
02:21:32,560 --> 02:21:34,600
of this, Councillor Grant. Thank you,

2112
02:21:34,600 --> 02:21:36,120
Mayor Dean. Um just for a quick

2113
02:21:36,120 --> 02:21:38,720
clarification, our current um vacant tax

2114
02:21:38,720 --> 02:21:41,440
rate is five times. Is that correct?

2115
02:21:41,440 --> 02:21:42,160
Uh

2116
02:21:42,160 --> 02:21:43,800
Mr. Hedden.

2117
02:21:43,800 --> 02:21:45,200
That is correct.

2118
02:21:45,200 --> 02:21:47,920
Okay. So, in in that spirit, I I am if

2119
02:21:47,920 --> 02:21:49,840
we exclude these

2120
02:21:49,840 --> 02:21:53,720
um R1 type of or sorry, single detached

2121
02:21:53,720 --> 02:21:55,440
type of properties then I'm fine leaving

2122
02:21:55,440 --> 02:21:58,040
the vacant tax rate at five times to

2123
02:21:58,040 --> 02:21:59,480
really help incentivize these larger

2124
02:21:59,480 --> 02:22:01,440
properties to move along. Cuz they they

2125
02:22:01,440 --> 02:22:03,200
will those larger properties are the

2126
02:22:03,200 --> 02:22:05,440
ones I'm going to cut you off. Sure.

2127
02:22:05,440 --> 02:22:06,760
Just wording for now.

2128
02:22:06,760 --> 02:22:08,760
Then we'll debate. This sorry, this is

2129
02:22:08,760 --> 02:22:10,520
this is part of why I think the wording

2130
02:22:10,520 --> 02:22:12,120
should change. I think we should change

2131
02:22:12,120 --> 02:22:15,390
from double to five times.

2132
02:22:15,400 --> 02:22:17,480
Or keep it the same. Like

2133
02:22:17,480 --> 02:22:19,280
we're set at five times, so I think we

2134
02:22:19,280 --> 02:22:20,600
should leave it at five times that we

2135
02:22:20,600 --> 02:22:22,680
should just remove the vacant

2136
02:22:22,680 --> 02:22:24,040
residential for single detached

2137
02:22:24,040 --> 02:22:25,600
properties.

2138
02:22:25,600 --> 02:22:27,320
Okay. So yes, that's a complete change

2139
02:22:27,320 --> 02:22:28,280
of wording. Sorry, I misunderstood what

2140
02:22:28,280 --> 02:22:30,120
you were doing there. Thank you. Okay.

2141
02:22:30,120 --> 02:22:31,720
So

2142
02:22:31,720 --> 02:22:33,240
uh

2143
02:22:33,240 --> 02:22:34,320
Okay.

2144
02:22:34,320 --> 02:22:36,400
Um, I see one lighting up but I think we

2145
02:22:36,400 --> 02:22:37,960
should address

2146
02:22:37,960 --> 02:22:39,800
Councilor Grant's desire to see the

2147
02:22:39,800 --> 02:22:43,360
wording change. So it would be

2148
02:22:43,360 --> 02:22:45,480
to leave

2149
02:22:45,480 --> 02:22:47,520
wouldn't it would not it'd be to leave

2150
02:22:47,520 --> 02:22:49,040
it as it is then.

2151
02:22:49,040 --> 02:22:51,880
Uh, Councilor Sandel.

2152
02:22:51,880 --> 02:22:53,640
Thank you, Worship. If I might suggest

2153
02:22:53,640 --> 02:22:55,280
just remove that whole section and

2154
02:22:55,280 --> 02:22:56,600
change it to Council directed

2155
02:22:56,600 --> 02:22:58,560
administration to update the definition

2156
02:22:58,560 --> 02:23:03,390
of vacant residential.

2157
02:23:03,400 --> 02:23:04,400
Uh,

2158
02:23:04,400 --> 02:23:06,000
Mr. Eddy.

2159
02:23:06,000 --> 02:23:07,960
Uh, yeah, through Mayor Dean. That would

2160
02:23:07,960 --> 02:23:09,680
be simpler and accomplishes the same

2161
02:23:09,680 --> 02:23:11,640
thing. It's already set at five times,

2162
02:23:11,640 --> 02:23:13,840
so unless you want to change that

2163
02:23:13,840 --> 02:23:15,360
that will be

2164
02:23:15,360 --> 02:23:17,600
And then if that definition changed

2165
02:23:17,600 --> 02:23:20,160
according to this wording of this motion

2166
02:23:20,160 --> 02:23:21,200
then it would be the same as the

2167
02:23:21,200 --> 02:23:23,520
residential tax rate. Yes, all affected

2168
02:23:23,520 --> 02:23:25,880
properties on this would go back to

2169
02:23:25,880 --> 02:23:27,680
whatever you set as the residential

2170
02:23:27,680 --> 02:23:29,600
rate. Okay. So Councilor Grant,

2171
02:23:29,600 --> 02:23:31,760
Councilor Sandel, this has kind of been

2172
02:23:31,760 --> 02:23:34,040
a combination here on this motion. Is

2173
02:23:34,040 --> 02:23:34,960
that

2174
02:23:34,960 --> 02:23:37,040
more the word I see a nod.

2175
02:23:37,040 --> 02:23:38,840
I see a nod. Okay.

2176
02:23:38,840 --> 02:23:40,280
Just again talking about wording,

2177
02:23:40,280 --> 02:23:41,920
Councilor Schindler.

2178
02:23:41,920 --> 02:23:44,040
Um, so the

2179
02:23:44,040 --> 02:23:48,320
the motion is to change the definition

2180
02:23:48,320 --> 02:23:50,160
um, in what?

2181
02:23:50,160 --> 02:23:51,640
And

2182
02:23:51,640 --> 02:23:53,560
is it across the board?

2183
02:23:53,560 --> 02:23:55,080
Um

2184
02:23:55,080 --> 02:23:56,640
because it's just asking to change the

2185
02:23:56,640 --> 02:23:58,800
definition. So I'm looking at the

2186
02:23:58,800 --> 02:24:01,600
wording going the definition where? Of

2187
02:24:01,600 --> 02:24:03,160
vacant residential.

2188
02:24:03,160 --> 02:24:06,440
Correct in what?

2189
02:24:06,440 --> 02:24:10,750
Um okay, Mr. Eddy.

2190
02:24:10,760 --> 02:24:12,800
Just give me one sec. I'll get you the

2191
02:24:12,800 --> 02:24:17,110
uh

2192
02:24:17,120 --> 02:24:20,400
Um in so update the definition of

2193
02:24:20,400 --> 02:24:23,480
residential the vacant residential in

2194
02:24:23,480 --> 02:24:26,840
the division of assessment class and sub

2195
02:24:26,840 --> 02:24:30,150
classes bylaw.

2196
02:24:30,160 --> 02:24:31,760
And do we want this brought back to

2197
02:24:31,760 --> 02:24:34,600
council for approval? It has to. So and

2198
02:24:34,600 --> 02:24:37,760
then so should we say and bring back to

2199
02:24:37,760 --> 02:24:40,080
council. It

2200
02:24:40,080 --> 02:24:42,880
Well, you can but it legally has to so.

2201
02:24:42,880 --> 02:24:44,240
Yeah.

2202
02:24:44,240 --> 02:24:45,920
If this passes. So let's get the word.

2203
02:24:45,920 --> 02:24:47,640
Division of assessment class What I'm

2204
02:24:47,640 --> 02:24:55,030
working on word. and sub classes bylaw.

2205
02:24:55,040 --> 02:24:56,640
Sub classes.

2206
02:24:56,640 --> 02:25:10,710
Yeah.

2207
02:25:10,720 --> 02:25:12,360
I would just capitalize division

2208
02:25:12,360 --> 02:25:16,160
assessment class sub and bylaw. Just

2209
02:25:16,160 --> 02:25:22,670
Yeah.

2210
02:25:22,680 --> 02:25:25,360
Okay. So solid services over there

2211
02:25:25,360 --> 02:25:28,600
looking up the bylaw. I would agree

2212
02:25:28,600 --> 02:25:30,280
and bring back to council. I know that

2213
02:25:30,280 --> 02:25:32,360
it's a legal requirement but

2214
02:25:32,360 --> 02:25:33,960
it's a valuable lesson I learned as baby

2215
02:25:33,960 --> 02:25:40,910
counselor.

2216
02:25:40,920 --> 02:25:46,950
For For approval. For approval.

2217
02:25:46,960 --> 02:25:48,560
Okay.

2218
02:25:48,560 --> 02:25:50,880
Uh Counselor Grant. Thank you, Mayor

2219
02:25:50,880 --> 02:25:52,080
Dean. I'd be happy to make the motion if

2220
02:25:52,080 --> 02:25:54,320
we're ready. Can we give it 2 seconds

2221
02:25:54,320 --> 02:25:55,480
here? Sure.

2222
02:25:55,480 --> 02:25:57,160
Any other

2223
02:25:57,160 --> 02:25:57,960
Counselor Grant, I'm going to leave your

2224
02:25:57,960 --> 02:26:00,040
mic on. So, any other

2225
02:26:00,040 --> 02:26:01,520
comments, questions with regards to the

2226
02:26:01,520 --> 02:26:04,630
wording?

2227
02:26:04,640 --> 02:26:07,360
Seeing none, Counselor Grant.

2228
02:26:07,360 --> 02:26:08,280
I move that council direct

2229
02:26:08,280 --> 02:26:10,000
administration to update the definition

2230
02:26:10,000 --> 02:26:13,200
of vacant residential and bylaw 025-25

2231
02:26:13,200 --> 02:26:14,840
being the division of assessment class

2232
02:26:14,840 --> 02:26:16,760
and subclass bylaw to exclude single

2233
02:26:16,760 --> 02:26:18,600
detached properties and bring back to

2234
02:26:18,600 --> 02:26:20,560
council for approval.

2235
02:26:20,560 --> 02:26:21,760
Thank you. Comments, questions from

2236
02:26:21,760 --> 02:26:24,800
council. Counselor Sandbo.

2237
02:26:24,800 --> 02:26:25,920
Thank you, Your Worship. I wanted to

2238
02:26:25,920 --> 02:26:27,640
comment in case anybody, all those

2239
02:26:27,640 --> 02:26:28,840
thousands of people that are watching

2240
02:26:28,840 --> 02:26:30,640
our council meeting today,

2241
02:26:30,640 --> 02:26:32,920
if there is a problem R1 property,

2242
02:26:32,920 --> 02:26:34,520
there's still a mechanism to report if

2243
02:26:34,520 --> 02:26:36,640
there issues on that property.

2244
02:26:36,640 --> 02:26:38,240
So, you can still contact bylaw, you can

2245
02:26:38,240 --> 02:26:39,520
still

2246
02:26:39,520 --> 02:26:41,120
initiate that process if it's, you know,

2247
02:26:41,120 --> 02:26:43,000
unsightly or if it's unsafe or something

2248
02:26:43,000 --> 02:26:44,600
like that. This is really for these

2249
02:26:44,600 --> 02:26:48,320
properties that are just big eyesores

2250
02:26:48,320 --> 02:26:50,680
and dangers in the community that are

2251
02:26:50,680 --> 02:26:52,720
already zoned for development.

2252
02:26:52,720 --> 02:26:54,120
Yeah, I would also say that I'm not sure

2253
02:26:54,120 --> 02:26:56,080
we want to use taxes as an enforcement

2254
02:26:56,080 --> 02:27:00,120
methodology, right? And so, I think that

2255
02:27:00,120 --> 02:27:01,840
those other when it comes to unsightly

2256
02:27:01,840 --> 02:27:04,000
properties, we have lots of other

2257
02:27:04,000 --> 02:27:06,040
enforcement methodologies. And so,

2258
02:27:06,040 --> 02:27:08,760
absolutely, thank you for pointing those

2259
02:27:08,760 --> 02:27:11,320
out, Counselor Warsen.

2260
02:27:11,320 --> 02:27:12,480
Thank you,

2261
02:27:12,480 --> 02:27:15,880
Mayor Dean and Counselor Sandbo.

2262
02:27:15,880 --> 02:27:17,560
Sadly, I haven't seen those enforcement

2263
02:27:17,560 --> 02:27:19,160
mechanisms be really that effective.

2264
02:27:19,160 --> 02:27:21,640
While there has been some effectiveness,

2265
02:27:21,640 --> 02:27:23,480
there's lots of unsightly properties and

2266
02:27:23,480 --> 02:27:25,600
R1s are included as part of those

2267
02:27:25,600 --> 02:27:27,640
unsightliness. I'll be voting against

2268
02:27:27,640 --> 02:27:29,160
this because I do believe that we should

2269
02:27:29,160 --> 02:27:31,440
be treating all owners, property owners,

2270
02:27:31,440 --> 02:27:34,440
equally regardless of what their zone

2271
02:27:34,440 --> 02:27:36,520
type or their the type is. While I

2272
02:27:36,520 --> 02:27:38,880
understand the spirit of Councillor

2273
02:27:38,880 --> 02:27:40,840
Grant's

2274
02:27:40,840 --> 02:27:41,400
uh

2275
02:27:41,400 --> 02:27:44,120
propo- of his motion, um

2276
02:27:44,120 --> 02:27:46,280
I also believe that there's many

2277
02:27:46,280 --> 02:27:47,440
properties within the city of

2278
02:27:47,440 --> 02:27:49,080
Chestermere. It doesn't take you long to

2279
02:27:49,080 --> 02:27:50,320
take a drive around to see how many

2280
02:27:50,320 --> 02:27:51,760
properties have been

2281
02:27:51,760 --> 02:27:54,360
non-developed for 10 years plus, and we

2282
02:27:54,360 --> 02:27:55,840
really need to incentivize them to

2283
02:27:55,840 --> 02:27:57,840
develop them, whether they're sightly or

2284
02:27:57,840 --> 02:28:00,040
unsightly. Thank you. Thank you.

2285
02:28:00,040 --> 02:28:01,600
Mr. Edney.

2286
02:28:01,600 --> 02:28:03,560
Uh thank you, Mayor Dean. Um two

2287
02:28:03,560 --> 02:28:06,160
comments. I just want to clarify that

2288
02:28:06,160 --> 02:28:08,240
yes, property tax is not a mechanism to

2289
02:28:08,240 --> 02:28:10,000
deal with unsightly properties. My

2290
02:28:10,000 --> 02:28:11,560
understanding when this came in was a

2291
02:28:11,560 --> 02:28:13,080
different. It was for what Councillor

2292
02:28:13,080 --> 02:28:14,840
Woznowski said, to encourage

2293
02:28:14,840 --> 02:28:16,720
development. We have a separate process

2294
02:28:16,720 --> 02:28:18,520
to deal with properties with garbage on

2295
02:28:18,520 --> 02:28:21,080
them. Um just for awareness, uh so

2296
02:28:21,080 --> 02:28:23,400
council is aware making this decision,

2297
02:28:23,400 --> 02:28:25,840
it will reduce um all other things being

2298
02:28:25,840 --> 02:28:27,760
equal, it will reduce our tax revenue by

2299
02:28:27,760 --> 02:28:30,440
about $100,000 by making this motion.

2300
02:28:30,440 --> 02:28:33,160
So, that will add about $100,000 to the

2301
02:28:33,160 --> 02:28:35,880
projected deficit at this point.

2302
02:28:35,880 --> 02:28:38,720
Assuming every Assuming every house is

2303
02:28:38,720 --> 02:28:42,560
impacted by this, I do believe

2304
02:28:42,560 --> 02:28:44,320
of the

2305
02:28:44,320 --> 02:28:48,320
give or take 35 homes, like 33 of them

2306
02:28:48,320 --> 02:28:50,880
apply. This will apply to. So, this was

2307
02:28:50,880 --> 02:28:52,360
mostly

2308
02:28:52,360 --> 02:28:55,360
residential, single detached in the

2309
02:28:55,360 --> 02:28:57,600
built-out areas of our community that

2310
02:28:57,600 --> 02:28:59,320
were impacted by this. So,

2311
02:28:59,320 --> 02:29:02,480
just for awareness, it is about $100,000

2312
02:29:02,480 --> 02:29:04,560
revenue decrease.

2313
02:29:04,560 --> 02:29:05,680
Thank you, Edney. I think about it, too,

2314
02:29:05,680 --> 02:29:06,680
though. Something that seems to be

2315
02:29:06,680 --> 02:29:10,000
missing in this is that um we also

2316
02:29:10,000 --> 02:29:12,200
talked about the idea of a phase-in

2317
02:29:12,200 --> 02:29:13,800
after, cuz I think one of the issues

2318
02:29:13,800 --> 02:29:16,600
that we heard was we kind of did a thing

2319
02:29:16,600 --> 02:29:19,000
uh and uh

2320
02:29:19,000 --> 02:29:21,520
perhaps we could have done a better job

2321
02:29:21,520 --> 02:29:23,200
with

2322
02:29:23,200 --> 02:29:24,680
uh

2323
02:29:24,680 --> 02:29:26,600
the conversation, with the announcement,

2324
02:29:26,600 --> 02:29:28,320
with the including in the conversation.

2325
02:29:28,320 --> 02:29:31,280
So, will there be opportunity ha- to

2326
02:29:31,280 --> 02:29:33,160
bring that conversation back as part of

2327
02:29:33,160 --> 02:29:35,400
this when this bylaw comes back to

2328
02:29:35,400 --> 02:29:41,590
council for approval. Mr. Edney.

2329
02:29:41,600 --> 02:29:45,750
Yes. Um

2330
02:29:45,760 --> 02:29:49,560
Are you referencing a phase in to the R1

2331
02:29:49,560 --> 02:29:51,000
properties?

2332
02:29:51,000 --> 02:29:52,880
Yes, if that was a desire. So, I think

2333
02:29:52,880 --> 02:29:54,560
that that's a separate motion. So, I

2334
02:29:54,560 --> 02:29:55,880
don't want to split that out. I'm just

2335
02:29:55,880 --> 02:29:57,160
saying if that was a conversation that

2336
02:29:57,160 --> 02:29:59,400
we wanted to have come back,

2337
02:29:59,400 --> 02:30:01,440
that could come back. It could come

2338
02:30:01,440 --> 02:30:03,360
back. It would be another change to the

2339
02:30:03,360 --> 02:30:04,720
definition

2340
02:30:04,720 --> 02:30:06,800
of vacant residential

2341
02:30:06,800 --> 02:30:08,920
at that time to now add these properties

2342
02:30:08,920 --> 02:30:10,120
back in

2343
02:30:10,120 --> 02:30:12,800
um assumingly for the 2027 tax year if

2344
02:30:12,800 --> 02:30:14,040
that's when the phase in wanted to

2345
02:30:14,040 --> 02:30:14,600
start.

2346
02:30:14,600 --> 02:30:17,390
>> Yeah. It'd be difficult by changing this

2347
02:30:17,390 --> 02:30:17,400
» Yeah. It'd be difficult by changing this

2348
02:30:17,400 --> 02:30:19,200
definition to then make anything in a

2349
02:30:19,200 --> 02:30:20,840
policy that phases it in because you'd

2350
02:30:20,840 --> 02:30:22,480
be phasing something in that doesn't

2351
02:30:22,480 --> 02:30:24,440
exist if that makes sense. No, I'm with

2352
02:30:24,440 --> 02:30:27,040
you. So, we could do it this for 2026

2353
02:30:27,040 --> 02:30:28,160
and then if we wanted to start that

2354
02:30:28,160 --> 02:30:30,920
phase in 2027, in November when we go

2355
02:30:30,920 --> 02:30:32,480
back into budget conversations, we could

2356
02:30:32,480 --> 02:30:33,640
do that. Correct.

2357
02:30:33,640 --> 02:30:35,750
>> Okay, thank you. Councillor Schindler.

2358
02:30:35,750 --> 02:30:35,760
» Okay, thank you. Councillor Schindler.

2359
02:30:35,760 --> 02:30:37,280
Sorry, that was I think that was my

2360
02:30:37,280 --> 02:30:39,760
question was does this fetter us or

2361
02:30:39,760 --> 02:30:42,080
yeah, hinder us with a phase in approach

2362
02:30:42,080 --> 02:30:43,600
for the next

2363
02:30:43,600 --> 02:30:47,120
uh stage in this sort of incentivization

2364
02:30:47,120 --> 02:30:49,800
to get people to develop.

2365
02:30:49,800 --> 02:30:52,040
That the answer is no.

2366
02:30:52,040 --> 02:30:54,560
Okay, thank you.

2367
02:30:54,560 --> 02:30:55,680
Okay.

2368
02:30:55,680 --> 02:30:57,240
Any other comments, questions from

2369
02:30:57,240 --> 02:30:59,840
council with regards to the motion?

2370
02:30:59,840 --> 02:31:02,040
Councillor Rondinelli.

2371
02:31:02,040 --> 02:31:03,720
Thank you, Your Worship. My question

2372
02:31:03,720 --> 02:31:07,040
through you to Mr. Edney, uh you just

2373
02:31:07,040 --> 02:31:09,840
recently said it's going to down our

2374
02:31:09,840 --> 02:31:13,480
revenue for $100,000. We already have

2375
02:31:13,480 --> 02:31:16,720
18% in a revenue and we are expenses

2376
02:31:16,720 --> 02:31:19,720
23%, right? Our expense is more than

2377
02:31:19,720 --> 02:31:23,120
revenue. So, we are kind of decreasing

2378
02:31:23,120 --> 02:31:26,600
if we voted this one for the future

2379
02:31:26,600 --> 02:31:29,240
of our revenue for the city.

2380
02:31:29,240 --> 02:31:31,960
Mr. Edney. Yeah, through to Councillor

2381
02:31:31,960 --> 02:31:35,150
Randhawa, that's correct.

2382
02:31:35,160 --> 02:31:38,440
Okay, thank you.

2383
02:31:38,440 --> 02:31:39,920
Any other comments or questions from

2384
02:31:39,920 --> 02:31:43,950
council with regards to the motion?

2385
02:31:43,960 --> 02:31:46,480
Councillor Sambol.

2386
02:31:46,480 --> 02:31:48,520
Thank you, Your Worship. I would comment

2387
02:31:48,520 --> 02:31:50,880
that's a $100,000 reduction from what

2388
02:31:50,880 --> 02:31:53,240
was budgeted in November-December,

2389
02:31:53,240 --> 02:31:55,720
but prior to that we weren't receiving

2390
02:31:55,720 --> 02:31:57,480
that revenue. So, the city hasn't

2391
02:31:57,480 --> 02:31:59,120
actually benefited from that increased

2392
02:31:59,120 --> 02:32:01,120
revenue as far as I'm aware. Would that

2393
02:32:01,120 --> 02:32:04,240
be correct, Mr. Edney? Mr. Edney.

2394
02:32:04,240 --> 02:32:05,960
Uh yeah, through to Councillor Sambol,

2395
02:32:05,960 --> 02:32:07,440
so that's correct. We did benefit from

2396
02:32:07,440 --> 02:32:09,600
that increased revenue last year in the

2397
02:32:09,600 --> 02:32:12,360
2025 year, but to your point, it's not a

2398
02:32:12,360 --> 02:32:14,080
historical loss of revenue. It was a

2399
02:32:14,080 --> 02:32:16,680
one-year increase in revenue. Um and

2400
02:32:16,680 --> 02:32:18,400
this would be going back to what was

2401
02:32:18,400 --> 02:32:20,440
essentially done before, so

2402
02:32:20,440 --> 02:32:24,000
it's 100,000 from what was presented 20

2403
02:32:24,000 --> 02:32:27,400
minutes ago on the screen, I guess.

2404
02:32:27,400 --> 02:32:27,880
Thank you.

2405
02:32:27,880 --> 02:32:29,950
>> Again, assuming nothing happens to any

2406
02:32:29,950 --> 02:32:29,960
» Again, assuming nothing happens to any

2407
02:32:29,960 --> 02:32:32,160
other tax rates.

2408
02:32:32,160 --> 02:32:33,800
Thank you. Any other comments or

2409
02:32:33,800 --> 02:32:35,080
questions from council with regards to

2410
02:32:35,080 --> 02:32:38,430
the motion?

2411
02:32:38,440 --> 02:32:40,240
Thank you. With that, we'll call for the

2412
02:32:40,240 --> 02:32:43,510
vote.

2413
02:32:43,520 --> 02:32:44,960
Deputy Mayor Narayan, do you vote in

2414
02:32:44,960 --> 02:32:46,520
favor?

2415
02:32:46,520 --> 02:32:47,560
Not in favor.

2416
02:32:47,560 --> 02:32:50,190
>> Not in favor, thank you.

2417
02:32:50,190 --> 02:32:50,200
» Not in favor, thank you.

2418
02:32:50,200 --> 02:32:52,760
And that motion is

2419
02:32:52,760 --> 02:32:57,310
carried with majority vote.

2420
02:32:57,320 --> 02:32:58,440
Okay.

2421
02:32:58,440 --> 02:33:00,360
Thank you.

2422
02:33:00,360 --> 02:33:02,040
Uh what is the next thing that we would

2423
02:33:02,040 --> 02:33:04,360
be wanting next step that we would be

2424
02:33:04,360 --> 02:33:06,600
looking at taking either from a council

2425
02:33:06,600 --> 02:33:11,550
administration perspective?

2426
02:33:11,560 --> 02:33:13,080
Uh Mr. Edney.

2427
02:33:13,080 --> 02:33:14,280
Thank you, Mayor Dean. While we're on

2428
02:33:14,280 --> 02:33:17,960
the topic of tax rates, um

2429
02:33:17,960 --> 02:33:19,880
it was mentioned last year when the

2430
02:33:19,880 --> 02:33:22,080
annexed residential

2431
02:33:22,080 --> 02:33:24,480
uh subclass was created

2432
02:33:24,480 --> 02:33:26,520
that the intent of council at that time

2433
02:33:26,520 --> 02:33:29,080
was to phase that in

2434
02:33:29,080 --> 02:33:30,240
um,

2435
02:33:30,240 --> 02:33:32,120
in

2436
02:33:32,120 --> 02:33:35,120
consistent increments over 5 years to

2437
02:33:35,120 --> 02:33:37,760
get to our rate. So, last year their

2438
02:33:37,760 --> 02:33:40,680
rate was 2.70

2439
02:33:40,680 --> 02:33:44,400
um, percent and residential was 3.24.

2440
02:33:44,400 --> 02:33:46,760
Um, we'd have to look at what Rocky

2441
02:33:46,760 --> 02:33:49,200
Views is. I could pull that up.

2442
02:33:49,200 --> 02:33:51,240
This, but um, I think the intention

2443
02:33:51,240 --> 02:33:53,160
would be to divide

2444
02:33:53,160 --> 02:33:55,600
the 0.5 difference by four and add it to

2445
02:33:55,600 --> 02:33:58,040
the annexed residential or, yeah,

2446
02:33:58,040 --> 02:34:00,480
annexed residential to start that 5-year

2447
02:34:00,480 --> 02:34:02,920
or continue that 5-year phase in of

2448
02:34:02,920 --> 02:34:04,640
bringing it up to

2449
02:34:04,640 --> 02:34:06,360
the rest of the community's residential

2450
02:34:06,360 --> 02:34:08,000
rate, but again, that's

2451
02:34:08,000 --> 02:34:09,720
up to council on a philosophy. That was

2452
02:34:09,720 --> 02:34:14,040
just a discussion at last last year.

2453
02:34:14,040 --> 02:34:15,560
Yeah, I think that there was a desire to

2454
02:34:15,560 --> 02:34:17,840
phase it in, so we would need a number

2455
02:34:17,840 --> 02:34:19,240
uh, for that

2456
02:34:19,240 --> 02:34:22,560
first phase in for this year. So, to get

2457
02:34:22,560 --> 02:34:24,960
that number, are you needing time to get

2458
02:34:24,960 --> 02:34:26,160
that number? Do you have that number

2459
02:34:26,160 --> 02:34:27,880
ready to go? Where's administration at

2460
02:34:27,880 --> 02:34:29,880
with that number for

2461
02:34:29,880 --> 02:34:33,520
uh, the acreage areas, Mr. Edney?

2462
02:34:33,520 --> 02:34:35,400
Thank you, Mayor Dean. So,

2463
02:34:35,400 --> 02:34:37,520
that number's easy. I can calculate that

2464
02:34:37,520 --> 02:34:40,560
right now. Um, the question becomes, and

2465
02:34:40,560 --> 02:34:43,520
this isn't where you've gotten yet,

2466
02:34:43,520 --> 02:34:46,240
if you intend to change the residential

2467
02:34:46,240 --> 02:34:47,600
tax rate.

2468
02:34:47,600 --> 02:34:50,240
Um, if you intend to change that, I

2469
02:34:50,240 --> 02:34:52,440
would do that first and then do this

2470
02:34:52,440 --> 02:34:53,480
math.

2471
02:34:53,480 --> 02:34:55,760
Um, if you don't intend to change that,

2472
02:34:55,760 --> 02:34:57,360
then I would we could just do this math

2473
02:34:57,360 --> 02:34:59,960
and set that.

2474
02:34:59,960 --> 02:35:02,680
We could find a motion to set what that

2475
02:35:02,680 --> 02:35:04,760
rate looks like. Okay, thank you.

2476
02:35:04,760 --> 02:35:06,760
Counselor Sambol.

2477
02:35:06,760 --> 02:35:07,720
Thank you, Your Worship, through you to

2478
02:35:07,720 --> 02:35:10,880
Mr. Edney. When that phasing in approach

2479
02:35:10,880 --> 02:35:14,400
was considered and tentatively set, were

2480
02:35:14,400 --> 02:35:17,480
we still assuming that TRR would be the

2481
02:35:17,480 --> 02:35:20,440
default uh, preference for the acreage

2482
02:35:20,440 --> 02:35:22,080
properties.

2483
02:35:22,080 --> 02:35:24,280
Mr. Edney.

2484
02:35:24,280 --> 02:35:25,880
Thanks, Mayor Dean. Yeah, to Councillor

2485
02:35:25,880 --> 02:35:28,080
Sandboe, I believe so. At that time, Mr.

2486
02:35:28,080 --> 02:35:30,560
Chandio wasn't in the organization yet.

2487
02:35:30,560 --> 02:35:32,560
We hadn't contemplated this idea of

2488
02:35:32,560 --> 02:35:34,400
country residential

2489
02:35:34,400 --> 02:35:37,280
and country residential being a

2490
02:35:37,280 --> 02:35:39,470
um

2491
02:35:39,480 --> 02:35:41,440
property that somebody could subdivide

2492
02:35:41,440 --> 02:35:44,360
to instead of TRR. Um I think the

2493
02:35:44,360 --> 02:35:46,680
comments from the acreage owners were

2494
02:35:46,680 --> 02:35:47,880
that

2495
02:35:47,880 --> 02:35:50,720
um in the time they haven't received

2496
02:35:50,720 --> 02:35:52,480
water and sewer. I think they're clear

2497
02:35:52,480 --> 02:35:54,240
that that's a developer responsibility,

2498
02:35:54,240 --> 02:35:56,120
not the city now. But this was intended

2499
02:35:56,120 --> 02:35:57,880
to provide some

2500
02:35:57,880 --> 02:35:59,560
buffer between going straight from the

2501
02:35:59,560 --> 02:36:01,400
Rocky View rate to this rate is my

2502
02:36:01,400 --> 02:36:02,840
belief of council based on those

2503
02:36:02,840 --> 02:36:07,190
discussions at that time.

2504
02:36:07,200 --> 02:36:10,800
Um to that effect then, Your Worship,

2505
02:36:10,800 --> 02:36:12,520
Mr. Edney, would it be reasonable to

2506
02:36:12,520 --> 02:36:15,680
have a separate tax rate for CR given

2507
02:36:15,680 --> 02:36:18,640
that some of tax that is collected is

2508
02:36:18,640 --> 02:36:20,240
for things like rec centers and

2509
02:36:20,240 --> 02:36:22,560
libraries and roads that everyone uses,

2510
02:36:22,560 --> 02:36:24,840
but some of what is collected is for

2511
02:36:24,840 --> 02:36:31,710
things that CR would not have access to?

2512
02:36:31,720 --> 02:36:34,990
Mr. Edney.

2513
02:36:35,000 --> 02:36:37,240
Yeah, thank you, Mayor Dean. Um

2514
02:36:37,240 --> 02:36:42,350
so to Councillor Sandboe, it's a

2515
02:36:42,360 --> 02:36:44,280
thinking of it out loud. So, when you

2516
02:36:44,280 --> 02:36:46,680
talk about um collecting for rec

2517
02:36:46,680 --> 02:36:48,400
centers, etc.,

2518
02:36:48,400 --> 02:36:51,200
um that will happen when they

2519
02:36:51,200 --> 02:36:53,320
rezone to country residential.

2520
02:36:53,320 --> 02:36:54,840
Um

2521
02:36:54,840 --> 02:36:56,520
the intent of country residential is to

2522
02:36:56,520 --> 02:37:00,000
collect those offsite levies. Um

2523
02:37:00,000 --> 02:37:02,160
if you wanted to have a different tax

2524
02:37:02,160 --> 02:37:03,720
rate,

2525
02:37:03,720 --> 02:37:06,480
um that's of course to fund all the

2526
02:37:06,480 --> 02:37:08,120
city-wide infrastructure, mowing the

2527
02:37:08,120 --> 02:37:10,000
parks, sweeping the roads, that kind

2528
02:37:10,000 --> 02:37:11,200
kind

2529
02:37:11,200 --> 02:37:13,240
Um

2530
02:37:13,240 --> 02:37:16,880
you could have a different rate

2531
02:37:16,880 --> 02:37:19,640
um just like the vacant can be done for

2532
02:37:19,640 --> 02:37:21,240
every different

2533
02:37:21,240 --> 02:37:23,160
um zoning of property, you could do the

2534
02:37:23,160 --> 02:37:24,640
same

2535
02:37:24,640 --> 02:37:26,840
do the same for it. Um

2536
02:37:26,840 --> 02:37:29,800
I guess my question would be the intent

2537
02:37:29,800 --> 02:37:31,720
of that versus

2538
02:37:31,720 --> 02:37:33,680
um

2539
02:37:33,680 --> 02:37:35,200
right now

2540
02:37:35,200 --> 02:37:37,200
where

2541
02:37:37,200 --> 02:37:38,680
I'd have to look at the definition of

2542
02:37:38,680 --> 02:37:42,000
annexed farmland residential. I believe

2543
02:37:42,000 --> 02:37:43,280
that once they go to country

2544
02:37:43,280 --> 02:37:45,480
residential, it moves automatically to

2545
02:37:45,480 --> 02:37:47,360
the residential. That's a triggering

2546
02:37:47,360 --> 02:37:50,760
event. Um

2547
02:37:50,760 --> 02:37:52,280
I'd have to get you more information on

2548
02:37:52,280 --> 02:37:53,800
that.

2549
02:37:53,800 --> 02:37:55,360
Councilor Sambol.

2550
02:37:55,360 --> 02:37:56,800
Thank you, Your Worship. And to clarify,

2551
02:37:56,800 --> 02:37:58,640
Mr. Edney, I wasn't talking about OSL, I

2552
02:37:58,640 --> 02:38:00,280
was talking about money collected for

2553
02:38:00,280 --> 02:38:02,160
operating of rec centers and things like

2554
02:38:02,160 --> 02:38:03,040
that that you would collect from

2555
02:38:03,040 --> 02:38:04,520
property taxes.

2556
02:38:04,520 --> 02:38:06,760
I suppose what I'm wondering is given

2557
02:38:06,760 --> 02:38:09,200
that the utility charges for the

2558
02:38:09,200 --> 02:38:12,000
services that CR would not be accessing,

2559
02:38:12,000 --> 02:38:15,200
as far as I'm aware, um does it make

2560
02:38:15,200 --> 02:38:16,640
sense to have a separate rate? Is that

2561
02:38:16,640 --> 02:38:18,400
something council should consider? Or

2562
02:38:18,400 --> 02:38:21,120
should we just continue on with the plan

2563
02:38:21,120 --> 02:38:23,320
to phase in that was previously debated

2564
02:38:23,320 --> 02:38:25,120
and discussed? And I assume many people

2565
02:38:25,120 --> 02:38:26,840
have similar perspectives as the last

2566
02:38:26,840 --> 02:38:29,000
time we discussed it.

2567
02:38:29,000 --> 02:38:30,280
Mr. Edney.

2568
02:38:30,280 --> 02:38:33,440
Yeah, so I guess

2569
02:38:33,440 --> 02:38:37,830
um

2570
02:38:37,840 --> 02:38:40,320
No, I don't think we have any

2571
02:38:40,320 --> 02:38:42,760
CR's own properties yet.

2572
02:38:42,760 --> 02:38:46,390
Um

2573
02:38:46,400 --> 02:38:48,760
I'd want to look at how that impacts it

2574
02:38:48,760 --> 02:38:50,320
moving from I'd have to look at the

2575
02:38:50,320 --> 02:38:52,640
definition of annexed residential

2576
02:38:52,640 --> 02:38:54,880
um to see if

2577
02:38:54,880 --> 02:38:57,680
converting to CR automatically moves you

2578
02:38:57,680 --> 02:39:00,320
out the same way TRR did. TRR did for

2579
02:39:00,320 --> 02:39:03,560
sure, it moved those properties out of

2580
02:39:03,560 --> 02:39:06,040
the annexation agreement into

2581
02:39:06,040 --> 02:39:07,360
um

2582
02:39:07,360 --> 02:39:11,630
into just regular residential.

2583
02:39:11,640 --> 02:39:14,480
Let me just see if I can

2584
02:39:14,480 --> 02:39:15,680
Yeah, I'd have to circle back with you.

2585
02:39:15,680 --> 02:39:17,280
It'll take me a minute to just find that

2586
02:39:17,280 --> 02:39:19,120
definition.

2587
02:39:19,120 --> 02:39:20,800
Yeah, I'm happy to entertain any motion

2588
02:39:20,800 --> 02:39:22,600
that may come from a counselor. My

2589
02:39:22,600 --> 02:39:24,760
comment on that before going to that

2590
02:39:24,760 --> 02:39:25,960
would be

2591
02:39:25,960 --> 02:39:28,600
my personal feeling on it is uh we went

2592
02:39:28,600 --> 02:39:30,320
back to try and get some time to catch

2593
02:39:30,320 --> 02:39:31,880
up. I think we're doing a lot of work

2594
02:39:31,880 --> 02:39:33,200
right now with the acreage areas. We

2595
02:39:33,200 --> 02:39:35,160
have a open house coming on June the

2596
02:39:35,160 --> 02:39:38,320
10th. Uh we are looking at some other

2597
02:39:38,320 --> 02:39:41,480
ideas of we actually tabled

2598
02:39:41,480 --> 02:39:42,240
um

2599
02:39:42,240 --> 02:39:44,360
TRR for now, so we don't actually know

2600
02:39:44,360 --> 02:39:45,720
what's going to happen with TRR cuz we

2601
02:39:45,720 --> 02:39:48,720
can't presuppose a vote. Uh so TRR could

2602
02:39:48,720 --> 02:39:51,000
stay. Uh there's nothing at the moment

2603
02:39:51,000 --> 02:39:53,080
to say that TRR

2604
02:39:53,080 --> 02:39:55,320
uh will be taken out of the bylaw other

2605
02:39:55,320 --> 02:39:57,800
than at the moment it is suggestion from

2606
02:39:57,800 --> 02:39:59,120
administration, but that decision

2607
02:39:59,120 --> 02:40:01,400
ultimately lies with council.

2608
02:40:01,400 --> 02:40:03,120
Uh and then uh when it comes to the CR

2609
02:40:03,120 --> 02:40:04,520
land

2610
02:40:04,520 --> 02:40:07,000
that is now a designation that is on the

2611
02:40:07,000 --> 02:40:08,000
books.

2612
02:40:08,000 --> 02:40:10,160
Uh so absolutely happy to entertain a

2613
02:40:10,160 --> 02:40:12,120
motion that counselor Sandboe may have

2614
02:40:12,120 --> 02:40:13,400
with this.

2615
02:40:13,400 --> 02:40:16,120
Uh my personal feeling on the matter is

2616
02:40:16,120 --> 02:40:17,840
to

2617
02:40:17,840 --> 02:40:19,840
do the incremental increase as we had

2618
02:40:19,840 --> 02:40:22,120
planned uh cuz I think we were trying to

2619
02:40:22,120 --> 02:40:24,920
take that holistic view of

2620
02:40:24,920 --> 02:40:27,920
the acreage areas just becoming a part

2621
02:40:27,920 --> 02:40:31,440
of the broader city and uh trying to

2622
02:40:31,440 --> 02:40:32,800
just

2623
02:40:32,800 --> 02:40:35,760
work through a timeline of what that was

2624
02:40:35,760 --> 02:40:37,280
going to look like and that I believe

2625
02:40:37,280 --> 02:40:38,840
that's one of the ways where CR came

2626
02:40:38,840 --> 02:40:41,280
about.

2627
02:40:41,280 --> 02:40:42,440
So,

2628
02:40:42,440 --> 02:40:43,880
I don't know if there's a motion there

2629
02:40:43,880 --> 02:40:48,390
at the moment that's coming.

2630
02:40:48,400 --> 02:40:51,280
Counselor Sandboe?

2631
02:40:51,280 --> 02:40:52,600
Thank you, Your Worship, just to not

2632
02:40:52,600 --> 02:40:54,520
leave you hanging with your question.

2633
02:40:54,520 --> 02:40:56,200
I'm processing through questioning. I'm

2634
02:40:56,200 --> 02:40:57,520
I'm not sure that that's the right way

2635
02:40:57,520 --> 02:40:59,520
to do it. In fact, I'm leaning towards

2636
02:40:59,520 --> 02:41:01,480
not having a different rate for any CR

2637
02:41:01,480 --> 02:41:03,480
that comes out. Um but it does sound

2638
02:41:03,480 --> 02:41:06,200
like we need something to

2639
02:41:06,200 --> 02:41:08,200
to put into effect that phasing in if

2640
02:41:08,200 --> 02:41:09,840
that's what council would like to do.

2641
02:41:09,840 --> 02:41:11,400
Well, yeah, the second part of this is

2642
02:41:11,400 --> 02:41:13,760
the suggestion from administration that

2643
02:41:13,760 --> 02:41:15,840
um the debate on whether or not there's

2644
02:41:15,840 --> 02:41:17,400
going to be any kind of a change to the

2645
02:41:17,400 --> 02:41:20,600
actual tax rate and then to come back to

2646
02:41:20,600 --> 02:41:22,080
the acreage areas to have that

2647
02:41:22,080 --> 02:41:24,080
conversation was the suggestion from

2648
02:41:24,080 --> 02:41:26,720
administration. So, I believe that that

2649
02:41:26,720 --> 02:41:28,160
would be the next phase of

2650
02:41:28,160 --> 02:41:30,120
conversations, if you will.

2651
02:41:30,120 --> 02:41:32,000
Uh counselor

2652
02:41:32,000 --> 02:41:33,920
Schindler.

2653
02:41:33,920 --> 02:41:36,280
Yeah, thank you. Um

2654
02:41:36,280 --> 02:41:39,840
through the chair to admin. Um the

2655
02:41:39,840 --> 02:41:42,040
the the increase

2656
02:41:42,040 --> 02:41:47,720
uh to uh TRR or or the acreages tax rate

2657
02:41:47,720 --> 02:41:50,520
um we've had decided to phase in.

2658
02:41:50,520 --> 02:41:54,880
Um I'm curious if the phase-in increase

2659
02:41:54,880 --> 02:41:57,720
uh had been included in the calculation

2660
02:41:57,720 --> 02:42:03,390
of our tax rate for this year.

2661
02:42:03,400 --> 02:42:04,240
Uh Mr. Edney.

2662
02:42:04,240 --> 02:42:06,110
>> Yep. Can you repeat the question, sir?

2663
02:42:06,110 --> 02:42:06,120
» Yep. Can you repeat the question, sir?

2664
02:42:06,120 --> 02:42:08,280
Sorry. Was the Was any kind of phase-in

2665
02:42:08,280 --> 02:42:10,160
rate included in the tax rate or was it

2666
02:42:10,160 --> 02:42:11,640
at the rate that it's currently sitting

2667
02:42:11,640 --> 02:42:13,360
at for acreages?

2668
02:42:13,360 --> 02:42:16,160
For 2025. Mr. Edney.

2669
02:42:16,160 --> 02:42:17,600
Yeah, through to counselor Schindler,

2670
02:42:17,600 --> 02:42:19,280
no. All of our revenue projections

2671
02:42:19,280 --> 02:42:21,400
assume the exact same tax rates for

2672
02:42:21,400 --> 02:42:25,800
every subclass as was in the 2025 bylaw.

2673
02:42:25,800 --> 02:42:36,190
Okay.

2674
02:42:36,200 --> 02:42:41,040
Do we have a quick slide projection

2675
02:42:41,040 --> 02:42:44,720
uh right now at the moment of all of our

2676
02:42:44,720 --> 02:42:46,480
tax rates and what they are currently

2677
02:42:46,480 --> 02:42:48,160
at? Like all of our subclasses and what

2678
02:42:48,160 --> 02:42:49,400
they are currently sitting at. Do we

2679
02:42:49,400 --> 02:42:51,800
have that as part of the presentation

2680
02:42:51,800 --> 02:42:52,880
currently?

2681
02:42:52,880 --> 02:42:55,800
Mr. Edney. Um

2682
02:42:55,800 --> 02:42:57,560
Thanks, Mayor Dean. Uh we don't have in

2683
02:42:57,560 --> 02:42:59,840
the presentation, but if ledge services

2684
02:42:59,840 --> 02:43:01,560
could go on our website and pull up

2685
02:43:01,560 --> 02:43:04,520
bylaw 025-25,

2686
02:43:04,520 --> 02:43:06,040
um that's what I'm looking at while we

2687
02:43:06,040 --> 02:43:08,880
do this. Okay. Um so, not Oh, sorry, not

2688
02:43:08,880 --> 02:43:11,480
025. Uh it would be the tax rate bylaw

2689
02:43:11,480 --> 02:43:13,840
023-25.

2690
02:43:13,840 --> 02:43:23,310
-25.

2691
02:43:23,320 --> 02:43:27,000
If we go to page seven in that,

2692
02:43:27,000 --> 02:43:30,560
right there. That's all our tax.

2693
02:43:30,560 --> 02:43:32,120
So, that's from last year what the

2694
02:43:32,120 --> 02:43:34,120
assessment values were that fell into

2695
02:43:34,120 --> 02:43:36,040
each category, what the corresponding

2696
02:43:36,040 --> 02:43:37,800
tax rate was, and the amount of tax

2697
02:43:37,800 --> 02:43:39,080
collected

2698
02:43:39,080 --> 02:43:52,630
off of those properties.

2699
02:43:52,640 --> 02:43:55,120
Councillor Schindler.

2700
02:43:55,120 --> 02:43:57,800
And uh sorry, uh through the chair uh to

2701
02:43:57,800 --> 02:44:01,040
admit. Uh the uh the idea behind the

2702
02:44:01,040 --> 02:44:02,920
annexed residential

2703
02:44:02,920 --> 02:44:06,120
uh was to over a certain number of

2704
02:44:06,120 --> 02:44:08,480
years, and I think it was four.

2705
02:44:08,480 --> 02:44:10,560
Uh I could be wrong. Uh to bring it up

2706
02:44:10,560 --> 02:44:12,680
to 3.24

2707
02:44:12,680 --> 02:44:15,760
or as close to the current tax rate for

2708
02:44:15,760 --> 02:44:17,360
the rest of the residential that we

2709
02:44:17,360 --> 02:44:21,400
have. So, the the increase for this

2710
02:44:21,400 --> 02:44:23,200
year, it should everything stay the

2711
02:44:23,200 --> 02:44:26,160
same, should be a a

2712
02:44:26,160 --> 02:44:27,880
whatever the difference is divided by

2713
02:44:27,880 --> 02:44:32,600
four, um and then added to the it it my

2714
02:44:32,600 --> 02:44:34,040
math could be wrong. And then then added

2715
02:44:34,040 --> 02:44:35,920
to the 2.7.

2716
02:44:35,920 --> 02:44:37,600
Um

2717
02:44:37,600 --> 02:44:40,800
uh is that is that correct?

2718
02:44:40,800 --> 02:44:42,200
Mr. Rodney.

2719
02:44:42,200 --> 02:44:44,680
Yeah, through you to Councillor

2720
02:44:44,680 --> 02:44:46,320
Schindler. Yes, that's correct. The rate

2721
02:44:46,320 --> 02:44:47,400
would be somewhere in the neighborhood

2722
02:44:47,400 --> 02:44:49,800
of 2.86, just doing the math off my

2723
02:44:49,800 --> 02:44:52,560
head. Um but I can

2724
02:44:52,560 --> 02:44:57,190
plug in exact numbers for you. Okay.

2725
02:44:57,200 --> 02:44:59,400
Just just seeing if we're still on that

2726
02:44:59,400 --> 02:45:03,720
track going forward. Thank you.

2727
02:45:03,720 --> 02:45:05,040
So, I guess the question to council

2728
02:45:05,040 --> 02:45:07,560
would be are there any other on what's

2729
02:45:07,560 --> 02:45:09,080
displayed on the screen here? Are there

2730
02:45:09,080 --> 02:45:10,720
any other

2731
02:45:10,720 --> 02:45:13,960
categories here that you would like to

2732
02:45:13,960 --> 02:45:15,880
tackle and or

2733
02:45:15,880 --> 02:45:17,600
how would council and our administration

2734
02:45:17,600 --> 02:45:29,030
like to proceed with the next steps?

2735
02:45:29,040 --> 02:45:31,160
Mr. Redney.

2736
02:45:31,160 --> 02:45:33,000
Um, so I think at this stage if there's

2737
02:45:33,000 --> 02:45:35,600
not a discussion on increasing the

2738
02:45:35,600 --> 02:45:37,360
annexed residential,

2739
02:45:37,360 --> 02:45:38,400
um,

2740
02:45:38,400 --> 02:45:41,040
the question would be um, does council

2741
02:45:41,040 --> 02:45:43,320
want to

2742
02:45:43,320 --> 02:45:44,480
um,

2743
02:45:44,480 --> 02:45:46,080
we'll have to go back and just do some

2744
02:45:46,080 --> 02:45:48,120
quick math based on that previous

2745
02:45:48,120 --> 02:45:49,160
motion,

2746
02:45:49,160 --> 02:45:51,280
um, but we can do that pretty quickly

2747
02:45:51,280 --> 02:45:53,520
um, and come back later and approve the

2748
02:45:53,520 --> 02:45:56,280
budget as was presented or would council

2749
02:45:56,280 --> 02:45:58,400
like to include

2750
02:45:58,400 --> 02:46:00,960
some sort of provision to collect money

2751
02:46:00,960 --> 02:46:02,640
to

2752
02:46:02,640 --> 02:46:04,600
put away for future projects and future

2753
02:46:04,600 --> 02:46:06,680
asset replacement.

2754
02:46:06,680 --> 02:46:08,480
And if you don't want to have that

2755
02:46:08,480 --> 02:46:10,000
discussion, then yeah, I would suggest

2756
02:46:10,000 --> 02:46:11,680
we just approve that budget as

2757
02:46:11,680 --> 02:46:12,920
presented.

2758
02:46:12,920 --> 02:46:15,320
Councilor Schindler. Um, uh, just a a

2759
02:46:15,320 --> 02:46:17,840
quick question. Is there a further table

2760
02:46:17,840 --> 02:46:19,400
cuz I don't have this bylaw open in

2761
02:46:19,400 --> 02:46:23,240
front of me for commercial properties?

2762
02:46:23,240 --> 02:46:28,670
Non-residential?

2763
02:46:28,680 --> 02:46:32,230
Vacant non-residential?

2764
02:46:32,240 --> 02:46:34,480
Uh, that's right. Mr. Redney.

2765
02:46:34,480 --> 02:46:36,360
Yeah, so commercial industrial is all in

2766
02:46:36,360 --> 02:46:39,680
the non-residential rate of 7.238

2767
02:46:39,680 --> 02:46:41,800
and vacant non-residential, the maximum

2768
02:46:41,800 --> 02:46:44,560
you can have is 13.5 under the MGA, so

2769
02:46:44,560 --> 02:46:47,840
it's at 13.5. So, those are the two

2770
02:46:47,840 --> 02:46:50,000
non-residential encompasses everything

2771
02:46:50,000 --> 02:46:52,080
that isn't residential. If that makes

2772
02:46:52,080 --> 02:46:55,280
sense. Is there a and this you might not

2773
02:46:55,280 --> 02:46:56,560
be able to answer this question. Is

2774
02:46:56,560 --> 02:46:59,360
there some vacant non-residential that

2775
02:46:59,360 --> 02:47:01,440
have been sitting for a long period of

2776
02:47:01,440 --> 02:47:04,560
time that we could also do an incentive

2777
02:47:04,560 --> 02:47:07,080
program to develop similar to what we're

2778
02:47:07,080 --> 02:47:10,440
doing for vacant residential?

2779
02:47:10,440 --> 02:47:12,600
Mr. Edney.

2780
02:47:12,600 --> 02:47:16,480
Cuz I see that it's increased by double.

2781
02:47:16,480 --> 02:47:19,720
Yeah, so I I think

2782
02:47:19,720 --> 02:47:21,080
I wouldn't

2783
02:47:21,080 --> 02:47:22,480
So, I wouldn't call it an incentive

2784
02:47:22,480 --> 02:47:24,200
program. It's a disincentive program, I

2785
02:47:24,200 --> 02:47:24,880
suppose.

2786
02:47:24,880 --> 02:47:27,110
>> To leave it vacant. To leave it vacant,

2787
02:47:27,110 --> 02:47:27,120
» To leave it vacant. To leave it vacant,

2788
02:47:27,120 --> 02:47:29,560
then you end up with a higher tax rate.

2789
02:47:29,560 --> 02:47:32,240
Um the issue is the tax rate is already

2790
02:47:32,240 --> 02:47:33,880
for for vacant non-residential is

2791
02:47:33,880 --> 02:47:36,120
already at the highest it can be. Okay.

2792
02:47:36,120 --> 02:47:37,510
>> So, there's no further increase you

2793
02:47:37,510 --> 02:47:37,520
» So, there's no further increase you

2794
02:47:37,520 --> 02:47:39,320
could make except in the event if you

2795
02:47:39,320 --> 02:47:43,280
changed residential from 3.24 to 3.4,

2796
02:47:43,280 --> 02:47:44,600
then you could

2797
02:47:44,600 --> 02:47:47,480
uh pump up 13.5 by a corresponding

2798
02:47:47,480 --> 02:47:49,120
amount. Um but, it wouldn't be

2799
02:47:49,120 --> 02:47:52,040
significant. Um yes, there is I would I

2800
02:47:52,040 --> 02:47:53,560
would say there's some significant

2801
02:47:53,560 --> 02:47:55,640
vacant non-residential sitting out

2802
02:47:55,640 --> 02:47:58,360
there. Uh properties on Rainbow Road,

2803
02:47:58,360 --> 02:48:01,240
etc. that fall into that category um

2804
02:48:01,240 --> 02:48:02,680
right now, but there's nothing you could

2805
02:48:02,680 --> 02:48:05,160
do from an increased

2806
02:48:05,160 --> 02:48:07,560
tax rate. Um from an incentive

2807
02:48:07,560 --> 02:48:09,280
perspective, I suppose you could go to

2808
02:48:09,280 --> 02:48:11,520
them and

2809
02:48:11,520 --> 02:48:13,160
yeah, try to convince them that moving

2810
02:48:13,160 --> 02:48:16,000
from 13.5 to 7.2 would be better for

2811
02:48:16,000 --> 02:48:18,400
them uh to develop, but

2812
02:48:18,400 --> 02:48:23,670
Okay. Thank you kindly. Yep.

2813
02:48:23,680 --> 02:48:25,880
Councillor Randhawa.

2814
02:48:25,880 --> 02:48:28,840
Thank you, Your Worship. I think uh

2815
02:48:28,840 --> 02:48:31,040
I need to discuss about the annexed

2816
02:48:31,040 --> 02:48:34,120
residential rate to little bit increase

2817
02:48:34,120 --> 02:48:37,240
on that, please. I'd be appreciate.

2818
02:48:37,240 --> 02:48:40,240
Yeah, so yeah, so just to clarify,

2819
02:48:40,240 --> 02:48:43,110
um

2820
02:48:43,120 --> 02:48:44,840
I believe that there is a desire to see

2821
02:48:44,840 --> 02:48:47,640
an increase on the annexed residential.

2822
02:48:47,640 --> 02:48:49,280
What we're trying to decide is are we

2823
02:48:49,280 --> 02:48:53,720
leaving the residential at 3.24 or is

2824
02:48:53,720 --> 02:48:55,560
council administration coming forward

2825
02:48:55,560 --> 02:48:59,160
with a suggested amount of any kind of a

2826
02:48:59,160 --> 02:49:02,840
change on the residential? So, and so I

2827
02:49:02,840 --> 02:49:05,080
believe what administration is saying is

2828
02:49:05,080 --> 02:49:08,000
if we are leaving residential at 3.24,

2829
02:49:08,000 --> 02:49:10,360
then they will do a calculation on the

2830
02:49:10,360 --> 02:49:12,680
annexed residential. But, administration

2831
02:49:12,680 --> 02:49:15,520
is suggesting to not do that calculation

2832
02:49:15,520 --> 02:49:19,000
until council has definitively decided

2833
02:49:19,000 --> 02:49:21,880
what we are doing with residential.

2834
02:49:21,880 --> 02:49:25,990
Mr. Edney.

2835
02:49:26,000 --> 02:49:27,840
Sorry, was just thinking on something. I

2836
02:49:27,840 --> 02:49:29,320
can do some calculations here. So,

2837
02:49:29,320 --> 02:49:32,120
thinking about if you wanted to tackle

2838
02:49:32,120 --> 02:49:35,880
um the annexed residential before you

2839
02:49:35,880 --> 02:49:39,280
discuss the overall tax impact um

2840
02:49:39,280 --> 02:49:41,760
because administration's recommendation

2841
02:49:41,760 --> 02:49:44,040
for any tax changes is

2842
02:49:44,040 --> 02:49:48,080
an equal change across all subclasses um

2843
02:49:48,080 --> 02:49:50,360
on this page. So, if you wanted to

2844
02:49:50,360 --> 02:49:52,640
tackle annexed residential, a motion

2845
02:49:52,640 --> 02:49:56,040
could look like direct administration

2846
02:49:56,040 --> 02:49:59,280
to increase the annexed residential tax

2847
02:49:59,280 --> 02:50:02,960
rate by 25% of the difference between

2848
02:50:02,960 --> 02:50:04,640
the residential and the annexed. That

2849
02:50:04,640 --> 02:50:06,120
takes whatever that difference ends up

2850
02:50:06,120 --> 02:50:08,080
being at the end of the day.

2851
02:50:08,080 --> 02:50:09,360
Your

2852
02:50:09,360 --> 02:50:13,200
25% would be 4 years. If you wanted 3

2853
02:50:13,200 --> 02:50:16,280
years, do 33. 2 years, 50. And then, you

2854
02:50:16,280 --> 02:50:18,160
don't have to set a specific rate. It

2855
02:50:18,160 --> 02:50:20,520
will just become

2856
02:50:20,520 --> 02:50:22,640
a percentage of the difference between

2857
02:50:22,640 --> 02:50:25,040
the two rates.

2858
02:50:25,040 --> 02:50:27,600
Because was it 4 years that we set that

2859
02:50:27,600 --> 02:50:28,680
at?

2860
02:50:28,680 --> 02:50:30,000
I know that when you change your mind,

2861
02:50:30,000 --> 02:50:31,840
you can't fetter, but

2862
02:50:31,840 --> 02:50:33,360
Yeah, there's a part of me I thought I

2863
02:50:33,360 --> 02:50:35,400
believe the Rocky View rate was around

2864
02:50:35,400 --> 02:50:37,160
2.55.

2865
02:50:37,160 --> 02:50:39,520
I actually think it was a five year

2866
02:50:39,520 --> 02:50:40,000
that you did.

2867
02:50:40,000 --> 02:50:40,950
>> to phase over five.

2868
02:50:40,950 --> 02:50:40,960
» to phase over five.

2869
02:50:40,960 --> 02:50:42,630
>> Phase over five years. So, four years

2870
02:50:42,630 --> 02:50:42,640
» Phase over five years. So, four years

2871
02:50:42,640 --> 02:50:45,120
left, but I could be wrong. Um I'd have

2872
02:50:45,120 --> 02:50:47,400
to go look back at that. Um with the

2873
02:50:47,400 --> 02:50:50,200
previous motion, um

2874
02:50:50,200 --> 02:50:51,600
what I would assume would happen would

2875
02:50:51,600 --> 02:50:52,880
be

2876
02:50:52,880 --> 02:50:54,400
hypothetically, if council were to

2877
02:50:54,400 --> 02:50:57,680
decide to put a 4% tax increase across

2878
02:50:57,680 --> 02:51:00,160
the board, that happens to both rates,

2879
02:51:00,160 --> 02:51:02,920
and then the 25% difference is taken

2880
02:51:02,920 --> 02:51:04,320
into account. So,

2881
02:51:04,320 --> 02:51:07,920
that's why that motion would work. Um

2882
02:51:07,920 --> 02:51:09,320
Yeah, I apologize. I can't remember if

2883
02:51:09,320 --> 02:51:10,880
it was four or five. For some reason, I

2884
02:51:10,880 --> 02:51:12,840
thought it was five, but I might be

2885
02:51:12,840 --> 02:51:16,800
wrong. I think that that may be material

2886
02:51:16,800 --> 02:51:20,320
in that uh then we just we could, should

2887
02:51:20,320 --> 02:51:22,720
we so choose, equal it out.

2888
02:51:22,720 --> 02:51:23,920
Right? So, the council around dollars

2889
02:51:23,920 --> 02:51:25,680
point, then we could address it, right?

2890
02:51:25,680 --> 02:51:27,920
And then if it's four years, 25% every

2891
02:51:27,920 --> 02:51:28,840
year,

2892
02:51:28,840 --> 02:51:32,520
and away we go. Uh Counselor Schindler.

2893
02:51:32,520 --> 02:51:33,600
Okay.

2894
02:51:33,600 --> 02:51:36,760
I'm going to I don't know. Uh this is

2895
02:51:36,760 --> 02:51:38,560
I might start debate, and I don't know

2896
02:51:38,560 --> 02:51:39,960
if we need a motion on the floor for

2897
02:51:39,960 --> 02:51:42,760
that, but I'm going to I guess start us

2898
02:51:42,760 --> 02:51:45,280
off with

2899
02:51:45,280 --> 02:51:47,600
the administration's asking for a tax

2900
02:51:47,600 --> 02:51:49,080
rate increase.

2901
02:51:49,080 --> 02:51:50,360
Um

2902
02:51:50,360 --> 02:51:52,040
whether we're talking about a percentage

2903
02:51:52,040 --> 02:51:53,600
of the mill rate or the amount of money

2904
02:51:53,600 --> 02:51:57,200
a person pays per month on their um on

2905
02:51:57,200 --> 02:51:59,280
their uh property taxes.

2906
02:51:59,280 --> 02:52:01,720
Um we need to have that discussion. I

2907
02:52:01,720 --> 02:52:03,320
think

2908
02:52:03,320 --> 02:52:05,600
the um

2909
02:52:05,600 --> 02:52:08,360
for what for what our citizens want and

2910
02:52:08,360 --> 02:52:10,600
the increased level of services

2911
02:52:10,600 --> 02:52:13,720
uh that our citizens are asking for. Um

2912
02:52:13,720 --> 02:52:15,360
that money's got to come from somewhere,

2913
02:52:15,360 --> 02:52:17,240
and currently, from what I'm looking at,

2914
02:52:17,240 --> 02:52:21,600
we don't have that that money. Um

2915
02:52:21,600 --> 02:52:23,320
further to that, we also need to start

2916
02:52:23,320 --> 02:52:25,000
planning for the future.

2917
02:52:25,000 --> 02:52:28,440
Um I believe our ministers ministers uh

2918
02:52:28,440 --> 02:52:29,880
in the provincial government are asking

2919
02:52:29,880 --> 02:52:32,240
municipalities to pay for or at least

2920
02:52:32,240 --> 02:52:34,520
put money away for infrastructure uh

2921
02:52:34,520 --> 02:52:36,040
needs

2922
02:52:36,040 --> 02:52:39,160
similar to something that happened in

2923
02:52:39,160 --> 02:52:42,240
Calgary with their water main. Um

2924
02:52:42,240 --> 02:52:45,630
and so

2925
02:52:45,640 --> 02:52:48,200
to be a responsible steward of the

2926
02:52:48,200 --> 02:52:51,080
taxpayer dollars as well, which is our

2927
02:52:51,080 --> 02:52:54,120
primary goal here, as well as to be a

2928
02:52:54,120 --> 02:52:58,950
responsible steward of our city

2929
02:52:58,960 --> 02:53:00,520
we need to look we need to seriously

2930
02:53:00,520 --> 02:53:02,520
look at not keeping our tax rate flat

2931
02:53:02,520 --> 02:53:03,800
anymore.

2932
02:53:03,800 --> 02:53:06,710
Um

2933
02:53:06,720 --> 02:53:09,120
that said, my question

2934
02:53:09,120 --> 02:53:12,200
to administration is

2935
02:53:12,200 --> 02:53:14,480
given our priorities, given our

2936
02:53:14,480 --> 02:53:17,520
strategic plan, given what is needed in

2937
02:53:17,520 --> 02:53:20,430
this community

2938
02:53:20,440 --> 02:53:22,720
um given what is asked for in this

2939
02:53:22,720 --> 02:53:24,040
community

2940
02:53:24,040 --> 02:53:28,470
um

2941
02:53:28,480 --> 02:53:31,280
what do we need to increase our tax rate

2942
02:53:31,280 --> 02:53:35,270
by?

2943
02:53:35,280 --> 02:53:37,080
to meet that

2944
02:53:37,080 --> 02:53:39,560
minimum

2945
02:53:39,560 --> 02:53:42,800
that our residents are looking for.

2946
02:53:42,800 --> 02:53:45,800
And is that number

2947
02:53:45,800 --> 02:53:48,760
on this uh capital projects funding page

2948
02:53:48,760 --> 02:53:50,200
because I'm also noticing that it

2949
02:53:50,200 --> 02:53:52,080
doesn't include the operation operating

2950
02:53:52,080 --> 02:53:53,400
deficit.

2951
02:53:53,400 --> 02:53:57,110
Um

2952
02:53:57,120 --> 02:53:58,480
Sir, are you directing that question to

2953
02:53:58,480 --> 02:53:59,320
administration?

2954
02:53:59,320 --> 02:54:01,110
>> and so yeah, through the through the

2955
02:54:01,110 --> 02:54:01,120
» and so yeah, through the through the

2956
02:54:01,120 --> 02:54:03,520
chair to administration.

2957
02:54:03,520 --> 02:54:05,920
Um

2958
02:54:05,920 --> 02:54:07,720
I I

2959
02:54:07,720 --> 02:54:09,720
I would like to I'd like to know what

2960
02:54:09,720 --> 02:54:13,160
that uh minimum is for us to become or

2961
02:54:13,160 --> 02:54:15,840
to to to be uh responsible stewards of

2962
02:54:15,840 --> 02:54:18,950
our community.

2963
02:54:18,960 --> 02:54:20,480
Mr. Redman.

2964
02:54:20,480 --> 02:54:21,920
Yeah, thank you Mayor Dean. So to

2965
02:54:21,920 --> 02:54:27,350
Counselor Schneller's question, um

2966
02:54:27,360 --> 02:54:29,640
that's a bit of a difficult question to

2967
02:54:29,640 --> 02:54:32,040
answer directly because it becomes a

2968
02:54:32,040 --> 02:54:35,360
philosophy question a little bit, right?

2969
02:54:35,360 --> 02:54:37,000
And I liken it back to your personal

2970
02:54:37,000 --> 02:54:38,400
finances.

2971
02:54:38,400 --> 02:54:40,520
If you know you want to buy a house on

2972
02:54:40,520 --> 02:54:41,680
the lake,

2973
02:54:41,680 --> 02:54:44,080
um you either sit and wait till you've

2974
02:54:44,080 --> 02:54:45,640
got, you know, very least you have to

2975
02:54:45,640 --> 02:54:47,160
save up a down payment and then you

2976
02:54:47,160 --> 02:54:48,880
mortgage it or you start putting money

2977
02:54:48,880 --> 02:54:50,840
away and after 15 years you've saved

2978
02:54:50,840 --> 02:54:51,920
enough

2979
02:54:51,920 --> 02:54:53,680
to actually pay for it. I think the

2980
02:54:53,680 --> 02:54:55,400
challenge that this community is facing

2981
02:54:55,400 --> 02:54:56,560
is

2982
02:54:56,560 --> 02:54:59,080
we've been planning for 10 or 15 years

2983
02:54:59,080 --> 02:55:01,440
um to do things but not actually saving

2984
02:55:01,440 --> 02:55:04,360
anything. And in fact, during that time

2985
02:55:04,360 --> 02:55:06,080
cutting the amount of taxes that's been

2986
02:55:06,080 --> 02:55:08,400
collected. Uh I understand there's been

2987
02:55:08,400 --> 02:55:10,600
surpluses in some of those years. We've

2988
02:55:10,600 --> 02:55:12,760
talked about surpluses just relative to

2989
02:55:12,760 --> 02:55:13,800
what you

2990
02:55:13,800 --> 02:55:17,120
budget and and intricacies that go into

2991
02:55:17,120 --> 02:55:18,960
those

2992
02:55:18,960 --> 02:55:21,720
um volatile numbers if that's the right

2993
02:55:21,720 --> 02:55:23,920
right word. So,

2994
02:55:23,920 --> 02:55:25,880
you know, as mentioned previously, when

2995
02:55:25,880 --> 02:55:27,400
you talk about the things the community

2996
02:55:27,400 --> 02:55:28,760
wants,

2997
02:55:28,760 --> 02:55:31,000
um I'm not sure

2998
02:55:31,000 --> 02:55:32,920
planning to replace the roof at City

2999
02:55:32,920 --> 02:55:36,320
Hall and fix roads and replace fleet

3000
02:55:36,320 --> 02:55:40,120
fleet vehicles and sidewalks and bridges

3001
02:55:40,120 --> 02:55:42,760
is sexy and what the community wants,

3002
02:55:42,760 --> 02:55:44,320
but that's definitely something the

3003
02:55:44,320 --> 02:55:45,920
community needs.

3004
02:55:45,920 --> 02:55:47,240
It's something you pointed out you're

3005
02:55:47,240 --> 02:55:49,800
seeing examples in other municipalities

3006
02:55:49,800 --> 02:55:51,240
of what happens to them when they don't

3007
02:55:51,240 --> 02:55:54,200
plan for that asset replacement um and

3008
02:55:54,200 --> 02:55:56,600
then can't meet their obligations.

3009
02:55:56,600 --> 02:55:58,560
Uh I think the minimum we've suggested

3010
02:55:58,560 --> 02:55:59,760
for that

3011
02:55:59,760 --> 02:56:03,680
is about a 7.8% increase or $14 a month

3012
02:56:03,680 --> 02:56:05,800
on a $700,000 home

3013
02:56:05,800 --> 02:56:08,360
to start planning for those things that

3014
02:56:08,360 --> 02:56:10,560
I would consider

3015
02:56:10,560 --> 02:56:13,640
responsible fiscal stewardship.

3016
02:56:13,640 --> 02:56:15,960
Um as far as what the community wants, I

3017
02:56:15,960 --> 02:56:17,920
think that's the philosophical question

3018
02:56:17,920 --> 02:56:19,880
for council of,

3019
02:56:19,880 --> 02:56:22,480
you you presumably

3020
02:56:22,480 --> 02:56:24,880
the community wants a rec center.

3021
02:56:24,880 --> 02:56:27,320
Uh we've heard that many, many times.

3022
02:56:27,320 --> 02:56:30,320
The question becomes, do you

3023
02:56:30,320 --> 02:56:32,560
look at a property tax increase now to

3024
02:56:32,560 --> 02:56:34,720
start putting some money away to pay for

3025
02:56:34,720 --> 02:56:37,760
that? Or do you wait until

3026
02:56:37,760 --> 02:56:40,160
you want to pay for that, take out 100%

3027
02:56:40,160 --> 02:56:42,320
of that money in debenture, and then

3028
02:56:42,320 --> 02:56:44,960
do the operating or do the property tax

3029
02:56:44,960 --> 02:56:46,720
increase at that time?

3030
02:56:46,720 --> 02:56:49,040
Um or again, continue to search for

3031
02:56:49,040 --> 02:56:51,440
alternate sources of funding through

3032
02:56:51,440 --> 02:56:54,320
time as it comes on. Um

3033
02:56:54,320 --> 02:56:58,080
I've talked a lot about

3034
02:56:58,080 --> 02:57:01,440
the thing that's kept us sort of okay

3035
02:57:01,440 --> 02:57:03,480
from an operations perspective has been

3036
02:57:03,480 --> 02:57:05,560
that inflation, etc.

3037
02:57:05,560 --> 02:57:07,320
has matched our growth.

3038
02:57:07,320 --> 02:57:09,360
Um so

3039
02:57:09,360 --> 02:57:11,080
there's been comments I've heard even in

3040
02:57:11,080 --> 02:57:12,480
the community, "Wow, we continue to

3041
02:57:12,480 --> 02:57:14,560
grow, so can't the new taxes from growth

3042
02:57:14,560 --> 02:57:16,880
pay for all this stuff?" And yeah, that

3043
02:57:16,880 --> 02:57:19,080
works in the short term, but in the long

3044
02:57:19,080 --> 02:57:20,320
term, somebody's got to pay for the

3045
02:57:20,320 --> 02:57:21,800
growth. And when growth slows down,

3046
02:57:21,800 --> 02:57:23,160
there's no growth to pay for the growth

3047
02:57:23,160 --> 02:57:24,240
anymore.

3048
02:57:24,240 --> 02:57:27,520
Uh so that's uh you know, a situation we

3049
02:57:27,520 --> 02:57:29,160
could see ourselves in

3050
02:57:29,160 --> 02:57:31,320
as we continue to see development slow

3051
02:57:31,320 --> 02:57:33,520
down from where its peaks were. Um

3052
02:57:33,520 --> 02:57:34,920
you've hit an important part that we

3053
02:57:34,920 --> 02:57:39,400
haven't addressed on here is um

3054
02:57:39,400 --> 02:57:42,280
none of this contemplates

3055
02:57:42,280 --> 02:57:44,160
if a pool is constructed an operating

3056
02:57:44,160 --> 02:57:45,640
loss on the pool.

3057
02:57:45,640 --> 02:57:47,800
Um we're seeing

3058
02:57:47,800 --> 02:57:49,520
information that that

3059
02:57:49,520 --> 02:57:52,560
in itself could be 8 or 10% of our

3060
02:57:52,560 --> 02:57:55,080
current property tax that we collect. So

3061
02:57:55,080 --> 02:57:57,760
um it really becomes a philosophy. Um if

3062
02:57:57,760 --> 02:57:59,280
I was

3063
02:57:59,280 --> 02:58:00,720
if I was making the choice, and I

3064
02:58:00,720 --> 02:58:02,360
understand it's it's

3065
02:58:02,360 --> 02:58:04,000
easy for me to sit here and say what I

3066
02:58:04,000 --> 02:58:06,560
would do, I'd be putting away money

3067
02:58:06,560 --> 02:58:08,600
to replace our existing assets. I'd also

3068
02:58:08,600 --> 02:58:10,400
be putting money away right now to pay

3069
02:58:10,400 --> 02:58:13,160
for our new assets um to reduce that

3070
02:58:13,160 --> 02:58:14,960
burden because as I mentioned really

3071
02:58:14,960 --> 02:58:16,200
quickly

3072
02:58:16,200 --> 02:58:18,040
the city hits its capacity to ever do

3073
02:58:18,040 --> 02:58:20,520
anything in the future. And

3074
02:58:20,520 --> 02:58:23,680
um you know, if some

3075
02:58:23,680 --> 02:58:25,880
other priority came about or something

3076
02:58:25,880 --> 02:58:27,960
catastrophic happened, you we wouldn't

3077
02:58:27,960 --> 02:58:29,320
have a savings account and we wouldn't

3078
02:58:29,320 --> 02:58:31,200
have a line of credit to go to.

3079
02:58:31,200 --> 02:58:33,200
So, I think at this point my

3080
02:58:33,200 --> 02:58:35,080
recommendation would be to start

3081
02:58:35,080 --> 02:58:37,320
building up a savings account. I think

3082
02:58:37,320 --> 02:58:38,680
the minimum

3083
02:58:38,680 --> 02:58:42,120
would be that 7.8% that brings the 2.2

3084
02:58:42,120 --> 02:58:43,440
million

3085
02:58:43,440 --> 02:58:45,000
to start putting money away for asset

3086
02:58:45,000 --> 02:58:46,600
replacement and then it just becomes a

3087
02:58:46,600 --> 02:58:48,840
philosophy of

3088
02:58:48,840 --> 02:58:50,200
how much

3089
02:58:50,200 --> 02:58:51,560
is the community willing to put away

3090
02:58:51,560 --> 02:58:53,280
towards your library, towards your rec

3091
02:58:53,280 --> 02:58:54,280
center,

3092
02:58:54,280 --> 02:58:56,640
and those kind of things.

3093
02:58:56,640 --> 02:59:01,430
Thank you, Deputy Mayor Nirain.

3094
02:59:01,440 --> 02:59:03,000
I thank you, Worship, through you to

3095
02:59:03,000 --> 02:59:05,160
members of council. I think

3096
02:59:05,160 --> 02:59:08,400
you know, we're at a point where uh

3097
02:59:08,400 --> 02:59:10,360
uh we're going to put a motion here and

3098
02:59:10,360 --> 02:59:12,440
I'm happy to put a motion on putting

3099
02:59:12,440 --> 02:59:13,960
money away

3100
02:59:13,960 --> 02:59:14,840
uh

3101
02:59:14,840 --> 02:59:15,840
for

3102
02:59:15,840 --> 02:59:17,680
uh asset replacement.

3103
02:59:17,680 --> 02:59:19,040
Um the other

3104
02:59:19,040 --> 02:59:21,480
theory uh the other motion

3105
02:59:21,480 --> 02:59:23,760
possible motion would be uh with respect

3106
02:59:23,760 --> 02:59:25,800
to uh acreages

3107
02:59:25,800 --> 02:59:27,600
uh that somebody wants to put, but I

3108
02:59:27,600 --> 02:59:30,440
think uh what I'd like to see is uh you

3109
02:59:30,440 --> 02:59:33,160
know, just moving this forward and I'll

3110
02:59:33,160 --> 02:59:34,920
be happy to put that the motion forward

3111
02:59:34,920 --> 02:59:36,480
to on um

3112
02:59:36,480 --> 02:59:39,790
putting money away.

3113
02:59:39,800 --> 02:59:41,960
Right. I think though to do that motion,

3114
02:59:41,960 --> 02:59:43,720
we need a number that's associated with

3115
02:59:43,720 --> 02:59:45,920
that motion, Deputy Mayor. So, do you

3116
02:59:45,920 --> 02:59:47,560
have a number that you're wanting to put

3117
02:59:47,560 --> 02:59:49,200
forward?

3118
02:59:49,200 --> 02:59:50,480
It's it's the number that the

3119
02:59:50,480 --> 02:59:53,560
administration is proposing. 7.8?

3120
02:59:53,560 --> 02:59:56,440
Yes. Okay. Thank you. Uh I'll come back

3121
02:59:56,440 --> 02:59:58,480
to you here in 2 seconds, Deputy Mayor.

3122
02:59:58,480 --> 03:00:00,840
Uh Counselor Shinwar.

3123
03:00:00,840 --> 03:00:02,760
Uh thank you, Mayor Dean.

3124
03:00:02,760 --> 03:00:04,830
Um

3125
03:00:04,840 --> 03:00:08,560
Yeah, I I I hear that

3126
03:00:08,560 --> 03:00:11,640
we we to put money away, which is

3127
03:00:11,640 --> 03:00:13,520
absolutely important, and I think that

3128
03:00:13,520 --> 03:00:16,120
we as a municipality, I I run by the

3129
03:00:16,120 --> 03:00:17,680
philosophy in my personal life to live

3130
03:00:17,680 --> 03:00:19,320
within my means.

3131
03:00:19,320 --> 03:00:21,880
Um and um

3132
03:00:21,880 --> 03:00:23,400
you know what

3133
03:00:23,400 --> 03:00:24,920
not buy extravagant things that you

3134
03:00:24,920 --> 03:00:26,640
can't afford because it always comes

3135
03:00:26,640 --> 03:00:27,640
with

3136
03:00:27,640 --> 03:00:29,120
um

3137
03:00:29,120 --> 03:00:33,600
extra costs, uh maintenance, and etc. Um

3138
03:00:33,600 --> 03:00:35,560
So,

3139
03:00:35,560 --> 03:00:36,880
um

3140
03:00:36,880 --> 03:00:41,960
when we look at buying a new rec center,

3141
03:00:41,960 --> 03:00:44,000
um yes, we can take that money out in a

3142
03:00:44,000 --> 03:00:45,240
debenture

3143
03:00:45,240 --> 03:00:47,840
and pay on interest, and it's going to

3144
03:00:47,840 --> 03:00:51,400
cost our residents more money than um

3145
03:00:51,400 --> 03:00:54,320
than uh if we had paid with say just

3146
03:00:54,320 --> 03:00:56,880
cash as it were. Um If we had been

3147
03:00:56,880 --> 03:00:59,960
saving for the last 10 years. Um

3148
03:00:59,960 --> 03:01:02,600
but there's also, you know, incidentals

3149
03:01:02,600 --> 03:01:04,360
that could happen. Perhaps, you know,

3150
03:01:04,360 --> 03:01:06,560
the the the the building will need to be

3151
03:01:06,560 --> 03:01:07,960
replaced in

3152
03:01:07,960 --> 03:01:10,520
you know, 20, 30, 40, 50 years.

3153
03:01:10,520 --> 03:01:12,080
Hopefully not

3154
03:01:12,080 --> 03:01:13,640
the earlier numbers.

3155
03:01:13,640 --> 03:01:15,520
Uh so, then we should start saving for

3156
03:01:15,520 --> 03:01:16,920
that as well.

3157
03:01:16,920 --> 03:01:18,520
Um

3158
03:01:18,520 --> 03:01:20,400
Has Have those through through the chair

3159
03:01:20,400 --> 03:01:22,480
to administration, when we talk about

3160
03:01:22,480 --> 03:01:25,640
new facilities, do we have budget for

3161
03:01:25,640 --> 03:01:28,440
those future replacements

3162
03:01:28,440 --> 03:01:30,360
and putting money away?

3163
03:01:30,360 --> 03:01:33,960
I- Is that part of the asset replacement

3164
03:01:33,960 --> 03:01:35,720
uh savings

3165
03:01:35,720 --> 03:01:38,560
uh line item?

3166
03:01:38,560 --> 03:01:41,830
Mr. Edney.

3167
03:01:41,840 --> 03:01:44,000
Yeah, thank you, Mayor Dean. Um

3168
03:01:44,000 --> 03:01:46,200
I'm just going to ask uh light services

3169
03:01:46,200 --> 03:01:47,600
quick before I answer you. Can you bring

3170
03:01:47,600 --> 03:01:50,280
up the previous uh presentation?

3171
03:01:50,280 --> 03:01:54,590
The one that was for today. Um

3172
03:01:54,600 --> 03:01:58,920
Not this 38-page one, the six-page one.

3173
03:01:58,920 --> 03:02:01,120
Uh if we can go up one. There we go. So,

3174
03:02:01,120 --> 03:02:02,600
that's kind of the layout of what we're

3175
03:02:02,600 --> 03:02:04,240
looking at for all

3176
03:02:04,240 --> 03:02:06,160
the future projects. So,

3177
03:02:06,160 --> 03:02:09,680
um there's two parts to this. One of a

3178
03:02:09,680 --> 03:02:11,800
lot of those where we can see them in

3179
03:02:11,800 --> 03:02:14,840
the next 2, 3, 4 years, they're on this

3180
03:02:14,840 --> 03:02:16,800
sheet, and they're either something

3181
03:02:16,800 --> 03:02:18,240
that's coming from reserves or

3182
03:02:18,240 --> 03:02:20,040
debenture, or a lot of them we're trying

3183
03:02:20,040 --> 03:02:22,680
to capture with the LGFF or CCBF

3184
03:02:22,680 --> 03:02:24,920
funding. So, Mhm. we'd have to have

3185
03:02:24,920 --> 03:02:26,560
again a probably another discussion

3186
03:02:26,560 --> 03:02:28,760
around what's on that list.

3187
03:02:28,760 --> 03:02:30,320
This is starting to put some of that

3188
03:02:30,320 --> 03:02:32,040
money away for the projects that we

3189
03:02:32,040 --> 03:02:34,080
can't identify on there,

3190
03:02:34,080 --> 03:02:36,280
or as we see the provincial government

3191
03:02:36,280 --> 03:02:38,400
changing how they fund municipalities,

3192
03:02:38,400 --> 03:02:40,800
which we observed is never going up,

3193
03:02:40,800 --> 03:02:42,760
it's always going down. It's putting

3194
03:02:42,760 --> 03:02:44,840
some money away in those

3195
03:02:44,840 --> 03:02:47,040
particular places. Now, when one of

3196
03:02:47,040 --> 03:02:48,960
these bigger projects comes up, we don't

3197
03:02:48,960 --> 03:02:51,680
need to have a tax increase, or we don't

3198
03:02:51,680 --> 03:02:55,160
need to remove from our reserves to fund

3199
03:02:55,160 --> 03:02:58,120
those. So, it's sort of that

3200
03:02:58,120 --> 03:02:59,880
contingency fund where you know when you

3201
03:02:59,880 --> 03:03:01,360
own a home, at some points you need a

3202
03:03:01,360 --> 03:03:03,080
fur- a furnace, some points you need a

3203
03:03:03,080 --> 03:03:04,200
roof.

3204
03:03:04,200 --> 03:03:05,640
And there may be grants there that you

3205
03:03:05,640 --> 03:03:07,720
can do that with, but it's putting some

3206
03:03:07,720 --> 03:03:09,280
money aside, so when it happens, it's

3207
03:03:09,280 --> 03:03:11,600
not a big financial impact to you.

3208
03:03:11,600 --> 03:03:13,280
So, that's what that first of asset

3209
03:03:13,280 --> 03:03:15,200
replacement savings is.

3210
03:03:15,200 --> 03:03:16,960
Everything else is to fund those

3211
03:03:16,960 --> 03:03:21,350
specific projects.

3212
03:03:21,360 --> 03:03:22,400
Okay.

3213
03:03:22,400 --> 03:03:23,520
I'm going to go back to Deputy Mayor

3214
03:03:23,520 --> 03:03:25,280
unless somebody else has another

3215
03:03:25,280 --> 03:03:26,840
suggestion. Deputy Mayor wanted to come

3216
03:03:26,840 --> 03:03:28,480
forward with a motion

3217
03:03:28,480 --> 03:03:30,920
uh to move forward on. So, uh unless

3218
03:03:30,920 --> 03:03:32,320
somebody else has a comment or question

3219
03:03:32,320 --> 03:03:35,000
before that.

3220
03:03:35,000 --> 03:03:38,520
Okay. Deputy Mayor, can you uh sorry,

3221
03:03:38,520 --> 03:03:41,120
Councillor Grant. Thank you, Mayor Dean.

3222
03:03:41,120 --> 03:03:43,080
I did have one question. Um and I

3223
03:03:43,080 --> 03:03:44,560
briefly talked about it at the last

3224
03:03:44,560 --> 03:03:46,320
meeting, and it was about the capital

3225
03:03:46,320 --> 03:03:47,960
expenditures. And I guess through the

3226
03:03:47,960 --> 03:03:51,000
chair to Mr. Edney, can you let us know

3227
03:03:51,000 --> 03:03:52,680
what the value of our capital

3228
03:03:52,680 --> 03:03:54,480
expenditures, not excluding the projects

3229
03:03:54,480 --> 03:03:58,240
on here, are for the 2026 year?

3230
03:03:58,240 --> 03:04:00,400
Mr. Edney.

3231
03:04:00,400 --> 03:04:01,880
Yeah, I'll just pull that up quick. I

3232
03:04:01,880 --> 03:04:04,000
want to say just about 15 million

3233
03:04:04,000 --> 03:04:06,080
dollars, um, but that's in that

3234
03:04:06,080 --> 03:04:08,400
presentation.

3235
03:04:08,400 --> 03:04:10,080
Um, That number's close enough for me,

3236
03:04:10,080 --> 03:04:12,000
Mr. It was it's I don't need an exact

3237
03:04:12,000 --> 03:04:14,800
number. My My point is that

3238
03:04:14,800 --> 03:04:17,000
we have a deficit of 1.6 and we have

3239
03:04:17,000 --> 03:04:18,760
approved 14 million dollars in capital

3240
03:04:18,760 --> 03:04:21,040
expenditures and and I know at the time,

3241
03:04:21,040 --> 03:04:22,600
um, when we went through it, I

3242
03:04:22,600 --> 03:04:23,880
I'm sure there was a million dollars out

3243
03:04:23,880 --> 03:04:25,200
of the capital expenditures that I would

3244
03:04:25,200 --> 03:04:28,640
have cut. So, um,

3245
03:04:28,640 --> 03:04:31,640
I know that's kind of left us here now

3246
03:04:31,640 --> 03:04:34,760
at the final budget deliberations, but

3247
03:04:34,760 --> 03:04:36,280
um,

3248
03:04:36,280 --> 03:04:38,360
to me that process is broken in that

3249
03:04:38,360 --> 03:04:40,320
we've approved a large amount of money

3250
03:04:40,320 --> 03:04:42,400
to be spent and now we're realizing that

3251
03:04:42,400 --> 03:04:44,920
we don't have sufficient revenue to

3252
03:04:44,920 --> 03:04:47,440
support those expenditures. So, I know I

3253
03:04:47,440 --> 03:04:48,960
know there's a lot in there that is

3254
03:04:48,960 --> 03:04:51,240
required to be bought and I can accept

3255
03:04:51,240 --> 03:04:53,000
that, um, but I would say that there's

3256
03:04:53,000 --> 03:04:54,280
probably some in there that wasn't

3257
03:04:54,280 --> 03:04:55,840
required to be bought and kind of nice

3258
03:04:55,840 --> 03:04:57,440
to haves, not needs.

3259
03:04:57,440 --> 03:04:59,040
Um, so, I know we can't really do

3260
03:04:59,040 --> 03:05:01,960
anything about that now, but I know next

3261
03:05:01,960 --> 03:05:05,200
year when we go into interim budget, the

3262
03:05:05,200 --> 03:05:06,920
capital component should be scrutinized

3263
03:05:06,920 --> 03:05:10,400
a lot more closely. Mr. Redman.

3264
03:05:10,400 --> 03:05:12,120
Oh, sorry, Mayor Dean. Yeah, I was just

3265
03:05:12,120 --> 03:05:14,080
going to say I believe we proposed 18.

3266
03:05:14,080 --> 03:05:16,400
I'll have to pull up

3267
03:05:16,400 --> 03:05:18,800
um,

3268
03:05:18,800 --> 03:05:20,600
yeah, there was 40 million including

3269
03:05:20,600 --> 03:05:22,920
across the utility company. The utility

3270
03:05:22,920 --> 03:05:25,120
company had 23 million dollars, but

3271
03:05:25,120 --> 03:05:26,760
that's covered separately under the

3272
03:05:26,760 --> 03:05:29,280
utility company budget. I'll pull up the

3273
03:05:29,280 --> 03:05:34,320
exact number because I do believe, um,

3274
03:05:34,320 --> 03:05:36,280
to your point, I believe council cut

3275
03:05:36,280 --> 03:05:38,000
about half of the projects that we

3276
03:05:38,000 --> 03:05:40,120
brought forward. So, I'll I'll get that

3277
03:05:40,120 --> 03:05:41,600
detailed number.

3278
03:05:41,600 --> 03:05:44,080
Um, we have a separate capital budget

3279
03:05:44,080 --> 03:05:46,800
presentation there that I'll

3280
03:05:46,800 --> 03:05:49,040
I'll grab for you. Give me a minute.

3281
03:05:49,040 --> 03:05:51,960
Councillor Warszynski.

3282
03:05:51,960 --> 03:05:53,360
Thank you, Mayor Dean. Yeah, I'm glad I

3283
03:05:53,360 --> 03:05:55,440
wanted to keep this slide up on the

3284
03:05:55,440 --> 03:05:57,440
screen.

3285
03:05:57,440 --> 03:06:00,400
Um, one of the concerns that I have

3286
03:06:00,400 --> 03:06:01,520
while we have a number of different

3287
03:06:01,520 --> 03:06:03,080
capital projects is we've been talking

3288
03:06:03,080 --> 03:06:04,400
about a rec center since I've been a

3289
03:06:04,400 --> 03:06:06,360
counselor and really have made very

3290
03:06:06,360 --> 03:06:08,520
little progress on it. So, just want to

3291
03:06:08,520 --> 03:06:11,160
confirm

3292
03:06:11,160 --> 03:06:12,600
the numbers here. This five Can you

3293
03:06:12,600 --> 03:06:14,880
explain once again to through the chair

3294
03:06:14,880 --> 03:06:18,000
to Mr. Edney this 5.71% on on the rec on

3295
03:06:18,000 --> 03:06:20,120
the new rec center impact? That's Is

3296
03:06:20,120 --> 03:06:21,400
that the money you need to move forward

3297
03:06:21,400 --> 03:06:24,040
with that project?

3298
03:06:24,040 --> 03:06:26,080
Without looking at other funding

3299
03:06:26,080 --> 03:06:27,520
sources?

3300
03:06:27,520 --> 03:06:29,200
Mr. Edney?

3301
03:06:29,200 --> 03:06:30,720
Yeah, through you to Councillor

3302
03:06:30,720 --> 03:06:33,840
Woznesensky. So, that 5.71%

3303
03:06:33,840 --> 03:06:37,120
Mhm. related to the 24.5 million, that

3304
03:06:37,120 --> 03:06:39,160
will be what is needed

3305
03:06:39,160 --> 03:06:41,880
to service the debenture assuming

3306
03:06:41,880 --> 03:06:43,800
council took a debenture out to pay for

3307
03:06:43,800 --> 03:06:45,840
that 24 million dollars.

3308
03:06:45,840 --> 03:06:48,200
If you wanted to save 24 million dollars

3309
03:06:48,200 --> 03:06:50,520
between now and when you did

3310
03:06:50,520 --> 03:06:52,280
you know, actually started construction

3311
03:06:52,280 --> 03:06:54,120
of the rec center,

3312
03:06:54,120 --> 03:06:55,040
um

3313
03:06:55,040 --> 03:06:58,400
again, you can do math quickly. Um

3314
03:06:58,400 --> 03:06:59,960
you'd be in the five or six million

3315
03:06:59,960 --> 03:07:01,160
dollars a year you'd want to start

3316
03:07:01,160 --> 03:07:02,440
saving, and that would be pushing the

3317
03:07:02,440 --> 03:07:03,840
rec center out

3318
03:07:03,840 --> 03:07:05,840
four or five years, and that would be,

3319
03:07:05,840 --> 03:07:06,960
you know, a

3320
03:07:06,960 --> 03:07:10,480
16 18% increase in taxes

3321
03:07:10,480 --> 03:07:12,280
right off the bat to start putting that

3322
03:07:12,280 --> 03:07:15,400
money away. So, all of those numbers

3323
03:07:15,400 --> 03:07:17,000
other than the asset replacement

3324
03:07:17,000 --> 03:07:18,280
savings,

3325
03:07:18,280 --> 03:07:21,440
those are numbers on the right-hand side

3326
03:07:21,440 --> 03:07:23,680
that need to increase to

3327
03:07:23,680 --> 03:07:25,520
make the payments on the debenture.

3328
03:07:25,520 --> 03:07:27,240
Understood. Thank you.

3329
03:07:27,240 --> 03:07:30,200
Councillor Woznesensky? No, we're good.

3330
03:07:30,200 --> 03:07:31,600
Okay.

3331
03:07:31,600 --> 03:07:33,880
I'm going to go back to Deputy Mayor.

3332
03:07:33,880 --> 03:07:35,080
Deputy Mayor, I believe you want to come

3333
03:07:35,080 --> 03:07:36,560
forward with a motion. I think you're

3334
03:07:36,560 --> 03:07:38,120
going to be doing an organic motion

3335
03:07:38,120 --> 03:07:39,240
here.

3336
03:07:39,240 --> 03:07:40,760
Uh so,

3337
03:07:40,760 --> 03:07:43,160
uh again, uh if you want to take a stab

3338
03:07:43,160 --> 03:07:46,120
at the organic motion, and then we can

3339
03:07:46,120 --> 03:07:49,070
go from there.

3340
03:07:49,080 --> 03:07:50,680
Uh thank you, Worship.

3341
03:07:50,680 --> 03:07:56,880
I think Josh had it with the 7.8 7.8%

3342
03:07:56,880 --> 03:08:00,670
increase. Yeah.

3343
03:08:00,680 --> 03:08:02,120
Mr. Enns, do you want to assist Legal

3344
03:08:02,120 --> 03:08:03,680
Services with the motion and Deputy

3345
03:08:03,680 --> 03:08:06,680
Mayor with the motion, Mr. Enns?

3346
03:08:06,680 --> 03:08:08,600
I would prefer if we could do the motion

3347
03:08:08,600 --> 03:08:10,360
just in a different manner, if that's

3348
03:08:10,360 --> 03:08:12,680
okay. If If Deputy Mayor is open to it,

3349
03:08:12,680 --> 03:08:18,070
Council direct administration, sorry.

3350
03:08:18,080 --> 03:08:19,240
I think he was going to say yes, he's

3351
03:08:19,240 --> 03:08:19,720
good with it.

3352
03:08:19,720 --> 03:08:22,510
>> Okay. Yes, yes.

3353
03:08:22,510 --> 03:08:22,520
» Okay. Yes, yes.

3354
03:08:22,520 --> 03:08:24,720
So, let's Let me just grab Make sure I

3355
03:08:24,720 --> 03:08:27,520
grab the right

3356
03:08:27,520 --> 03:08:30,430
numbers here.

3357
03:08:30,440 --> 03:08:34,680
And if you're okay rounding,

3358
03:08:34,680 --> 03:08:36,040
um

3359
03:08:36,040 --> 03:08:39,680
Council direct administration

3360
03:08:39,680 --> 03:08:43,470
to add

3361
03:08:43,480 --> 03:08:45,640
2.

3362
03:08:45,640 --> 03:08:47,520
279

3363
03:08:47,520 --> 03:08:48,600
million.

3364
03:08:48,600 --> 03:08:51,440
Sorry, let's do Let's just type it out.

3365
03:08:51,440 --> 03:08:56,190
Sorry, two comma

3366
03:08:56,200 --> 03:08:57,960
279

3367
03:08:57,960 --> 03:09:01,350
551

3368
03:09:01,360 --> 03:09:05,550
to

3369
03:09:05,560 --> 03:09:07,600
Sorry.

3370
03:09:07,600 --> 03:09:10,200
Getting the right presentation up here.

3371
03:09:10,200 --> 03:09:12,800
Which line item does it go to?

3372
03:09:12,800 --> 03:09:17,230
Um

3373
03:09:17,240 --> 03:09:19,040
Yeah, two

3374
03:09:19,040 --> 03:09:23,640
to be transferred to reserves in the

3375
03:09:23,640 --> 03:09:27,190
operating budget.

3376
03:09:27,200 --> 03:09:34,230
Put to add an additional.

3377
03:09:34,240 --> 03:09:38,190
Yeah.

3378
03:09:38,200 --> 03:09:39,880
Cuz then that changes the budget and

3379
03:09:39,880 --> 03:09:41,920
then the the tax rates get back

3380
03:09:41,920 --> 03:09:43,720
calculated out of that, but it would be

3381
03:09:43,720 --> 03:09:45,600
a 7.8%

3382
03:09:45,600 --> 03:09:47,080
change. You could round that number if

3383
03:09:47,080 --> 03:09:49,040
you felt like it, but that's the exact

3384
03:09:49,040 --> 03:09:51,000
calculation that we did. Councillor

3385
03:09:51,000 --> 03:09:52,560
Sample.

3386
03:09:52,560 --> 03:09:54,800
Uh thank you, Worship. I think I'm I'm

3387
03:09:54,800 --> 03:09:56,200
not sure whether this is a friendly or

3388
03:09:56,200 --> 03:09:58,240
if it would be more substantive. First

3389
03:09:58,240 --> 03:09:59,480
of all, I wanted to commend my

3390
03:09:59,480 --> 03:10:01,960
colleagues, Councillor Schindler and um

3391
03:10:01,960 --> 03:10:03,320
uh Deputy Mayor

3392
03:10:03,320 --> 03:10:06,160
Marian, for being brave enough to uh put

3393
03:10:06,160 --> 03:10:07,520
this forward because it's something that

3394
03:10:07,520 --> 03:10:08,840
nobody likes to do and we're all seeing

3395
03:10:08,840 --> 03:10:10,720
the writing on the wall. Um given that

3396
03:10:10,720 --> 03:10:12,160
we heard that the average assessment

3397
03:10:12,160 --> 03:10:15,880
went down by 2%, I wonder if um Deputy

3398
03:10:15,880 --> 03:10:18,080
Mayor would consider increasing that

3399
03:10:18,080 --> 03:10:21,120
number from roughly 8% to roughly 10%,

3400
03:10:21,120 --> 03:10:23,920
so that it wouldn't uh it would even out

3401
03:10:23,920 --> 03:10:29,110
at about the number he was considering.

3402
03:10:29,120 --> 03:10:30,400
Yeah, you know what? Sure, let's go

3403
03:10:30,400 --> 03:10:32,960
ahead. I'm okay with that.

3404
03:10:32,960 --> 03:10:34,560
That's significant.

3405
03:10:34,560 --> 03:10:36,640
It's not a friendly.

3406
03:10:36,640 --> 03:10:38,840
Yeah, it's that's a significant change.

3407
03:10:38,840 --> 03:10:40,390
>> You haven't read it.

3408
03:10:40,390 --> 03:10:40,400
» You haven't read it.

3409
03:10:40,400 --> 03:10:42,040
I know. We haven't read it. We can do

3410
03:10:42,040 --> 03:10:46,030
it.

3411
03:10:46,040 --> 03:10:47,160
So,

3412
03:10:47,160 --> 03:10:48,240
may I

3413
03:10:48,240 --> 03:10:50,280
I I'd like to keep this

3414
03:10:50,280 --> 03:10:52,080
on the back burner as well, depending on

3415
03:10:52,080 --> 03:10:59,710
how the other motion goes.

3416
03:10:59,720 --> 03:11:01,240
Do we not Do we need to take a recess to

3417
03:11:01,240 --> 03:11:02,600
do some math?

3418
03:11:02,600 --> 03:11:07,270
And come back with a motion?

3419
03:11:07,280 --> 03:11:08,960
I Yeah, but I'd rather not take an hour

3420
03:11:08,960 --> 03:11:10,840
to wait for on this.

3421
03:11:10,840 --> 03:11:13,680
You've got it? Okay. Uh so, Mr. Edney.

3422
03:11:13,680 --> 03:11:15,880
26

3423
03:11:15,880 --> 03:11:19,960
Yeah, so the number would be two {comma}

3424
03:11:19,960 --> 03:11:22,560
926

3425
03:11:22,560 --> 03:11:25,520
{comma} 404.

3426
03:11:25,520 --> 03:11:33,630
That's a 10% on the municipal portion.

3427
03:11:33,640 --> 03:11:34,680
Okay.

3428
03:11:34,680 --> 03:11:36,720
Uh Councillor Schindler.

3429
03:11:36,720 --> 03:11:40,240
I'm I'm curious. So,

3430
03:11:40,240 --> 03:11:43,760
we're talking about this 10% here.

3431
03:11:43,760 --> 03:11:48,400
Are we stopping there or

3432
03:11:48,400 --> 03:11:51,000
is this also an opportunity to add in

3433
03:11:51,000 --> 03:11:53,480
what we need to

3434
03:11:53,480 --> 03:11:55,840
service our current deficit

3435
03:11:55,840 --> 03:11:57,920
of 1.6?

3436
03:11:57,920 --> 03:12:02,120
Um and then also include the percentage

3437
03:12:02,120 --> 03:12:04,600
increases for the Dawson Landing Rec

3438
03:12:04,600 --> 03:12:07,720
Center debenture

3439
03:12:07,720 --> 03:12:09,600
servicing

3440
03:12:09,600 --> 03:12:10,800
as well?

3441
03:12:10,800 --> 03:12:13,560
And and I guess So you want to go

3442
03:12:13,560 --> 03:12:14,440
higher?

3443
03:12:14,440 --> 03:12:17,470
>> I'm I'm looking at what we need to to

3444
03:12:17,470 --> 03:12:17,480
» I'm I'm looking at what we need to to

3445
03:12:17,480 --> 03:12:19,600
run this city. So we got to tackle one

3446
03:12:19,600 --> 03:12:21,800
motion first. So Deputy Mayor is

3447
03:12:21,800 --> 03:12:23,560
bringing forward a motion right now at a

3448
03:12:23,560 --> 03:12:26,840
10% increase. Do you want to So his

3449
03:12:26,840 --> 03:12:29,240
motion will be for a 10% increase. Do

3450
03:12:29,240 --> 03:12:33,750
you want to go higher than 10%? I

3451
03:12:33,760 --> 03:12:35,160
Sorry, it's got to be that simple.

3452
03:12:35,160 --> 03:12:38,750
>> Yes. I I I want to be able to service

3453
03:12:38,750 --> 03:12:38,760
» Yes. I I I want to be able to service

3454
03:12:38,760 --> 03:12:42,000
the Dawson Landing Rec facility.

3455
03:12:42,000 --> 03:12:44,640
Okay. Mr. Edney.

3456
03:12:44,640 --> 03:12:46,400
Thank you, Mayor Dean. Just for clarity

3457
03:12:46,400 --> 03:12:48,480
for Councillor Schindler.

3458
03:12:48,480 --> 03:12:51,040
That debt we don't have that debt yet.

3459
03:12:51,040 --> 03:12:52,480
So we don't need to service it right

3460
03:12:52,480 --> 03:12:54,040
now. That's right. That would be

3461
03:12:54,040 --> 03:12:55,240
something that would come into the

3462
03:12:55,240 --> 03:12:57,600
operating budget. So that if you wanted

3463
03:12:57,600 --> 03:13:01,560
to put away a similar thing to I guess

3464
03:13:01,560 --> 03:13:03,880
socialize people to that will be coming.

3465
03:13:03,880 --> 03:13:05,680
That money could then I would do a

3466
03:13:05,680 --> 03:13:08,560
separate item that would put that money

3467
03:13:08,560 --> 03:13:10,040
into

3468
03:13:10,040 --> 03:13:12,680
the recreation reserve to be used to

3469
03:13:12,680 --> 03:13:15,960
fund the Dawson Landing. So um to Mayor

3470
03:13:15,960 --> 03:13:17,600
Dean's point, I would put that as a

3471
03:13:17,600 --> 03:13:19,880
separate motion I think would be would

3472
03:13:19,880 --> 03:13:22,960
be the best. This is just general

3473
03:13:22,960 --> 03:13:25,480
funds to the reserve

3474
03:13:25,480 --> 03:13:27,680
for future asset replacement. That one I

3475
03:13:27,680 --> 03:13:29,920
would tackle as a separate. Because we

3476
03:13:29,920 --> 03:13:31,160
don't have the debenture, we're not

3477
03:13:31,160 --> 03:13:32,560
actually financing it yet. Council

3478
03:13:32,560 --> 03:13:35,320
hasn't made a decision yet to do that

3479
03:13:35,320 --> 03:13:37,000
Rec Center, but this could be putting

3480
03:13:37,000 --> 03:13:40,000
money away to prepare for that decision.

3481
03:13:40,000 --> 03:13:43,080
And and then just to clarify the the 1.6

3482
03:13:43,080 --> 03:13:45,120
deficit then in operational, that would

3483
03:13:45,120 --> 03:13:47,680
also be a separate

3484
03:13:47,680 --> 03:13:49,720
uh motion.

3485
03:13:49,720 --> 03:13:51,640
Uh Mr. Edney.

3486
03:13:51,640 --> 03:13:53,200
Yes, Mayor Dean. Through that that's

3487
03:13:53,200 --> 03:13:54,840
correct. If you wanted to tackle that

3488
03:13:54,840 --> 03:13:57,680
separately, um so as it sits right now,

3489
03:13:57,680 --> 03:14:01,120
that 2.9 would effectively end up being

3490
03:14:01,120 --> 03:14:03,000
1.

3491
03:14:03,000 --> 03:14:04,000
Well,

3492
03:14:04,000 --> 03:14:06,360
1.1 because we've already changed the

3493
03:14:06,360 --> 03:14:10,080
vacant tax rate. Um

3494
03:14:10,080 --> 03:14:12,840
So but again, we're going to

3495
03:14:12,840 --> 03:14:16,640
Yeah, this isn't addressing the 1. 8

3496
03:14:16,640 --> 03:14:19,080
plan deficit. That's already coming out

3497
03:14:19,080 --> 03:14:22,910
of reserves.

3498
03:14:22,920 --> 03:14:24,080
Okay.

3499
03:14:24,080 --> 03:14:27,040
So I think we have a motion on that's

3500
03:14:27,040 --> 03:14:29,200
going to be put on the floor here

3501
03:14:29,200 --> 03:14:33,800
uh from uh Deputy Mayor. So uh Deputy

3502
03:14:33,800 --> 03:14:35,480
Mayor, do you want to go ahead with your

3503
03:14:35,480 --> 03:14:36,840
motion?

3504
03:14:36,840 --> 03:14:38,440
Yes, most certainly. I move that Council

3505
03:14:38,440 --> 03:14:39,960
direct administration to add an

3506
03:14:39,960 --> 03:14:41,640
additional uh

3507
03:14:41,640 --> 03:14:44,790
$2,926,404

3508
03:14:44,800 --> 03:14:47,480
to be transferred to reserves in the

3509
03:14:47,480 --> 03:14:49,600
operating budget.

3510
03:14:49,600 --> 03:14:51,360
Okay. Any comments, questions from

3511
03:14:51,360 --> 03:14:54,910
Council?

3512
03:14:54,920 --> 03:14:57,440
Okay. Uh I will start. I will be voting

3513
03:14:57,440 --> 03:14:59,160
no to this motion.

3514
03:14:59,160 --> 03:15:00,520
Uh I was comfortable with the other

3515
03:15:00,520 --> 03:15:02,440
amount and would have

3516
03:15:02,440 --> 03:15:04,760
uh been in favor of that.

3517
03:15:04,760 --> 03:15:07,200
Uh and I will be going uh I will

3518
03:15:07,200 --> 03:15:09,280
personally be voting no on this motion

3519
03:15:09,280 --> 03:15:10,960
for several reasons.

3520
03:15:10,960 --> 03:15:12,280
Um we already know that there's a tax

3521
03:15:12,280 --> 03:15:13,680
increase that's coming at the provincial

3522
03:15:13,680 --> 03:15:16,080
level with regards to the education tax.

3523
03:15:16,080 --> 03:15:18,800
Uh and my personal feeling on the matter

3524
03:15:18,800 --> 03:15:21,000
is that I do not believe that we should

3525
03:15:21,000 --> 03:15:23,440
go higher a higher rate than the

3526
03:15:23,440 --> 03:15:26,560
education tax. Uh so those are my own uh

3527
03:15:26,560 --> 03:15:28,560
personal feelings on the matter.

3528
03:15:28,560 --> 03:15:31,320
Uh and so for that reason, I will not be

3529
03:15:31,320 --> 03:15:32,480
voting

3530
03:15:32,480 --> 03:15:35,200
uh in favor of this particular motion at

3531
03:15:35,200 --> 03:15:36,800
this time.

3532
03:15:36,800 --> 03:15:38,080
Any other comments or questions from

3533
03:15:38,080 --> 03:15:42,230
council?

3534
03:15:42,240 --> 03:15:46,110
Uh counselor Sambu.

3535
03:15:46,120 --> 03:15:48,080
Thank you, Your Worship.

3536
03:15:48,080 --> 03:15:49,160
Uh

3537
03:15:49,160 --> 03:15:52,120
I will be begrudgingly voting in favor

3538
03:15:52,120 --> 03:15:55,120
of this and then there's um some other

3539
03:15:55,120 --> 03:15:55,840
um

3540
03:15:55,840 --> 03:15:57,960
tax codes, I suppose, that I hope we can

3541
03:15:57,960 --> 03:15:59,640
look at afterwards.

3542
03:15:59,640 --> 03:16:02,880
Um for me it boils down to I agree the

3543
03:16:02,880 --> 03:16:05,000
increase to the education tax has eaten

3544
03:16:05,000 --> 03:16:07,080
up a lot of uh the community's capacity

3545
03:16:07,080 --> 03:16:09,320
for increases on their property taxes. I

3546
03:16:09,320 --> 03:16:11,560
don't think that's fair. Um I also don't

3547
03:16:11,560 --> 03:16:13,080
think we can make our decisions based on

3548
03:16:13,080 --> 03:16:14,480
money that's being collected that we

3549
03:16:14,480 --> 03:16:17,520
can't do anything with. Um

3550
03:16:17,520 --> 03:16:18,800
I

3551
03:16:18,800 --> 03:16:21,240
and this is a feeling statement, I feel

3552
03:16:21,240 --> 03:16:23,560
that it would not uh be authentic for me

3553
03:16:23,560 --> 03:16:25,000
to continue complaining about the

3554
03:16:25,000 --> 03:16:26,720
decisions of past councils if I wasn't

3555
03:16:26,720 --> 03:16:28,200
prepared to make the decisions that I

3556
03:16:28,200 --> 03:16:30,480
feel are necessary to make uh the

3557
03:16:30,480 --> 03:16:31,640
Chestermere of tomorrow more

3558
03:16:31,640 --> 03:16:33,720
sustainable. So, I will be voting in

3559
03:16:33,720 --> 03:16:35,800
favor of this and I hope we can continue

3560
03:16:35,800 --> 03:16:38,720
talking about the other uh parts of of

3561
03:16:38,720 --> 03:16:39,840
the budget.

3562
03:16:39,840 --> 03:16:42,000
Great, thank you, counselor Woznowski.

3563
03:16:42,000 --> 03:16:43,800
Thank you, Mayor Deans.

3564
03:16:43,800 --> 03:16:46,040
I don't believe the Alberta tax and uh

3565
03:16:46,040 --> 03:16:47,600
city taxes they're they're mutually

3566
03:16:47,600 --> 03:16:49,760
exclusive, so it's unfortunate that the

3567
03:16:49,760 --> 03:16:51,680
provincial tax is

3568
03:16:51,680 --> 03:16:53,920
uh that the the education tax is being

3569
03:16:53,920 --> 03:16:56,160
taken out of our out of our taxes, but

3570
03:16:56,160 --> 03:16:58,400
we have a city to run and I also agree

3571
03:16:58,400 --> 03:17:01,720
with counselor Sambu. Um we have to take

3572
03:17:01,720 --> 03:17:04,080
make the tough decisions as counselors.

3573
03:17:04,080 --> 03:17:06,760
We have we're far behind. I don't want

3574
03:17:06,760 --> 03:17:09,680
to compare us to other municipalities.

3575
03:17:09,680 --> 03:17:11,800
Everybody uses Canmore as an example

3576
03:17:11,800 --> 03:17:13,000
with the lowest tax rate, well, they

3577
03:17:13,000 --> 03:17:15,640
also have the most expensive properties

3578
03:17:15,640 --> 03:17:16,920
in the country.

3579
03:17:16,920 --> 03:17:18,240
And in the country. Maybe in the

3580
03:17:18,240 --> 03:17:22,400
country, but certainly in Alberta. Um

3581
03:17:22,400 --> 03:17:24,360
I'll be voting in favor of this because

3582
03:17:24,360 --> 03:17:27,280
to counselor Sambu's point and to the

3583
03:17:27,280 --> 03:17:30,880
brave Deputy Mayors motion, we do need

3584
03:17:30,880 --> 03:17:33,600
to start planning to deliver what our

3585
03:17:33,600 --> 03:17:35,600
residents have been asking for for many

3586
03:17:35,600 --> 03:17:37,320
many years. That's why we ran as

3587
03:17:37,320 --> 03:17:39,040
counselors. That's why I'm we voting in

3588
03:17:39,040 --> 03:17:41,600
favor of this. Thank you. Thank you.

3589
03:17:41,600 --> 03:17:43,480
Um I guess my comments are that as I

3590
03:17:43,480 --> 03:17:44,920
still think that delivery method is

3591
03:17:44,920 --> 03:17:46,480
there. I think that there are other

3592
03:17:46,480 --> 03:17:48,880
methodologies that we have not

3593
03:17:48,880 --> 03:17:51,000
uh completely explored yet and there's

3594
03:17:51,000 --> 03:17:52,520
uh some hypothetical numbers that exist

3595
03:17:52,520 --> 03:17:55,160
on this. And so based on that and based

3596
03:17:55,160 --> 03:17:58,520
on resident affordability at the moment,

3597
03:17:58,520 --> 03:18:00,280
uh I I stand by my

3598
03:18:00,280 --> 03:18:02,360
earlier comments. Counselor Wozniewski.

3599
03:18:02,360 --> 03:18:04,080
Yeah, thank you Mayor Dean. I do want to

3600
03:18:04,080 --> 03:18:07,160
add on to your point. While I certainly

3601
03:18:07,160 --> 03:18:09,080
uh support the spirit of make

3602
03:18:09,080 --> 03:18:12,800
maintaining a low increase, I do believe

3603
03:18:12,800 --> 03:18:15,320
there are other methods of

3604
03:18:15,320 --> 03:18:18,080
funding our community including looking

3605
03:18:18,080 --> 03:18:19,920
at ways that we can

3606
03:18:19,920 --> 03:18:23,080
run the city at a lower cost and be more

3607
03:18:23,080 --> 03:18:24,720
efficient with the money that we do

3608
03:18:24,720 --> 03:18:27,640
collect. Thank you. Thank you.

3609
03:18:27,640 --> 03:18:28,920
Any other comments or questions from

3610
03:18:28,920 --> 03:18:31,000
council?

3611
03:18:31,000 --> 03:18:32,280
Okay, with that I'm going to be calling

3612
03:18:32,280 --> 03:18:34,800
for a recorded vote on this motion,

3613
03:18:34,800 --> 03:18:35,800
please.

3614
03:18:35,800 --> 03:18:37,680
Uh and so with a recorded vote, I will

3615
03:18:37,680 --> 03:18:39,640
be calling on each counselor one at a

3616
03:18:39,640 --> 03:18:41,720
time. Uh then you will state whether

3617
03:18:41,720 --> 03:18:44,400
you're voting in favor or against uh and

3618
03:18:44,400 --> 03:18:46,400
that this will be a recorded vote on

3619
03:18:46,400 --> 03:18:48,800
this motion. So, starting with

3620
03:18:48,800 --> 03:18:50,120
uh I'll call your name and then I'll

3621
03:18:50,120 --> 03:18:50,960
turn on your mic. Starting with

3622
03:18:50,960 --> 03:18:52,800
Counselor Sembol, do you vote in favor

3623
03:18:52,800 --> 03:18:54,320
or against?

3624
03:18:54,320 --> 03:18:56,440
In favor, your worship. Thank you. Uh

3625
03:18:56,440 --> 03:18:57,640
Counselor Schindler, do you vote in

3626
03:18:57,640 --> 03:19:01,630
favor or against?

3627
03:19:01,640 --> 03:19:03,840
In in favor. Thank you. Counselor

3628
03:19:03,840 --> 03:19:05,360
Randhawa, do you vote in favor or

3629
03:19:05,360 --> 03:19:06,480
against?

3630
03:19:06,480 --> 03:19:08,400
In favor, please. Thank you. Counselor

3631
03:19:08,400 --> 03:19:10,120
Wozniewski, do you vote in favor or

3632
03:19:10,120 --> 03:19:12,080
against? Yes, I vote in favor. Thank

3633
03:19:12,080 --> 03:19:13,760
you. Deputy Mayor Narain, do you vote in

3634
03:19:13,760 --> 03:19:15,680
favor or against?

3635
03:19:15,680 --> 03:19:17,600
In favor. Thank you. And Counselor

3636
03:19:17,600 --> 03:19:20,200
Grant, do you vote in favor or against?

3637
03:19:20,200 --> 03:19:22,320
I'm against, Mayor Dean. Thank you. Uh

3638
03:19:22,320 --> 03:19:25,040
and I will also be voting against uh the

3639
03:19:25,040 --> 03:19:27,200
motion. However, the motion is carried

3640
03:19:27,200 --> 03:19:29,520
with a 5-2 recorded vote.

3641
03:19:29,520 --> 03:19:30,200
Uh

3642
03:19:30,200 --> 03:19:31,760
Okay.

3643
03:19:31,760 --> 03:19:32,920
Thank you.

3644
03:19:32,920 --> 03:19:35,040
Uh with that, I think we're right up

3645
03:19:35,040 --> 03:19:37,360
against uh taking our lunch break here

3646
03:19:37,360 --> 03:19:43,190
uh taking our lunch break here. Uh

3647
03:19:43,200 --> 03:19:44,480
So,

3648
03:19:44,480 --> 03:19:46,320
uh with that, I'm going to suggest we

3649
03:19:46,320 --> 03:19:48,040
take our break and we will come back at

3650
03:19:48,040 --> 03:19:50,640
1:00 for uh the conclusion of our

3651
03:19:50,640 --> 03:23:14,750
meeting. Thank you.

3652
03:23:14,760 --> 04:30:13,750
» Mhm.

3653
04:30:13,760 --> 04:30:14,840
» Good afternoon, everyone. Just coming

3654
04:30:14,840 --> 04:30:16,520
back from our lunch break. Uh, Deputy

3655
04:30:16,520 --> 04:30:19,040
Mayor Duran not be uh rejoining us for

3656
04:30:19,040 --> 04:30:21,040
the afternoon as he is

3657
04:30:21,040 --> 04:30:22,880
uh off to attend sessions at the

3658
04:30:22,880 --> 04:30:24,520
conference that he is currently

3659
04:30:24,520 --> 04:30:27,040
attending. And so, uh with that, I just

3660
04:30:27,040 --> 04:30:29,000
want to turn to administration here

3661
04:30:29,000 --> 04:30:30,320
quickly and

3662
04:30:30,320 --> 04:30:32,200
uh just see from your perspective, Mr.

3663
04:30:32,200 --> 04:30:34,720
Edney, what you see as next steps uh for

3664
04:30:34,720 --> 04:30:36,560
us taking in the process of the meeting

3665
04:30:36,560 --> 04:30:39,040
here today, Mr. Edney.

3666
04:30:39,040 --> 04:30:40,560
Yeah, thanks, Mayor Dean.

3667
04:30:40,560 --> 04:30:42,600
Welcome back from lunch. Um at this

3668
04:30:42,600 --> 04:30:44,000
stage

3669
04:30:44,000 --> 04:30:45,920
from our perspective, I think I'd open

3670
04:30:45,920 --> 04:30:47,560
it up to council of whether there's any

3671
04:30:47,560 --> 04:30:49,160
other discussions

3672
04:30:49,160 --> 04:30:51,360
um the council wanted to have or any

3673
04:30:51,360 --> 04:30:52,600
other

3674
04:30:52,600 --> 04:30:54,920
issue or item you wanted to potentially

3675
04:30:54,920 --> 04:30:57,680
tackle. If not, um my suggestion would

3676
04:30:57,680 --> 04:31:00,840
be we could uh move on. Um in the agenda

3677
04:31:00,840 --> 04:31:02,560
package, we do have a couple of closed

3678
04:31:02,560 --> 04:31:04,000
session items.

3679
04:31:04,000 --> 04:31:05,720
The intent would be to take the motions

3680
04:31:05,720 --> 04:31:07,640
you've made so far today,

3681
04:31:07,640 --> 04:31:09,400
uh incorporate them into the budget, and

3682
04:31:09,400 --> 04:31:12,560
then come back um to next week's

3683
04:31:12,560 --> 04:31:15,600
um meeting, May 12th, and have the

3684
04:31:15,600 --> 04:31:17,880
formal budget

3685
04:31:17,880 --> 04:31:20,320
approved at that point. Um if there are

3686
04:31:20,320 --> 04:31:22,000
no other changes the council would like

3687
04:31:22,000 --> 04:31:23,920
to make to it at this time. And then

3688
04:31:23,920 --> 04:31:27,320
with the change that was done uh

3689
04:31:27,320 --> 04:31:30,560
before lunch, would you then

3690
04:31:30,560 --> 04:31:32,600
subsequently go and make the change What

3691
04:31:32,600 --> 04:31:34,440
is administration's plan to stay on the

3692
04:31:34,440 --> 04:31:36,520
same track then for all the other

3693
04:31:36,520 --> 04:31:40,040
subclasses of tax uh of the tax classes

3694
04:31:40,040 --> 04:31:41,440
based on now what has happened with the

3695
04:31:41,440 --> 04:31:43,000
residential tax,

3696
04:31:43,000 --> 04:31:44,880
Mr. Edney?

3697
04:31:44,880 --> 04:31:47,040
Yeah, thanks, Mayor Dean. I think uh

3698
04:31:47,040 --> 04:31:49,280
something in a discussion over lunch

3699
04:31:49,280 --> 04:31:53,520
time, I just want to clarify is uh so,

3700
04:31:53,520 --> 04:31:55,000
the way council made the motion of

3701
04:31:55,000 --> 04:31:57,040
adding the $2.9 million to be

3702
04:31:57,040 --> 04:31:58,720
transferred to reserves, that will be

3703
04:31:58,720 --> 04:32:01,760
spread across all the town subclasses.

3704
04:32:01,760 --> 04:32:03,680
So, that math is not just on the

3705
04:32:03,680 --> 04:32:06,480
residential subclass. It's also assuming

3706
04:32:06,480 --> 04:32:09,160
that vacant residential goes up,

3707
04:32:09,160 --> 04:32:11,200
non-residential goes up, like every

3708
04:32:11,200 --> 04:32:14,640
subclass will have a 10% increase to it.

3709
04:32:14,640 --> 04:32:16,560
If we were to do it only on residential,

3710
04:32:16,560 --> 04:32:18,760
that would become a bigger increase born

3711
04:32:18,760 --> 04:32:22,000
by that that part of the tax. So,

3712
04:32:22,000 --> 04:32:24,360
with those changes, all of the mill

3713
04:32:24,360 --> 04:32:25,960
rates that we had last year will go up

3714
04:32:25,960 --> 04:32:28,200
by 10% each. Thank you. And with that,

3715
04:32:28,200 --> 04:32:31,200
how do we address the acreages now?

3716
04:32:31,200 --> 04:32:34,720
So, my intention

3717
04:32:34,720 --> 04:32:35,880
Pardon me.

3718
04:32:35,880 --> 04:32:38,640
So, right now as it sits, the acreages

3719
04:32:38,640 --> 04:32:40,400
would just see the same 10%

3720
04:32:40,400 --> 04:32:41,030
>> percent

3721
04:32:41,030 --> 04:32:41,040
» percent

3722
04:32:41,040 --> 04:32:42,880
change to

3723
04:32:42,880 --> 04:32:44,200
um

3724
04:32:44,200 --> 04:32:45,920
to the mill rate as everybody else. If

3725
04:32:45,920 --> 04:32:47,360
council would like to start that

3726
04:32:47,360 --> 04:32:48,920
implementation,

3727
04:32:48,920 --> 04:32:52,520
um we could make a motion to

3728
04:32:52,520 --> 04:32:54,160
kind of what I worded before lunch

3729
04:32:54,160 --> 04:32:55,080
there.

3730
04:32:55,080 --> 04:32:57,120
Um because I don't have

3731
04:32:57,120 --> 04:32:58,720
Again, assuming no other changes

3732
04:32:58,720 --> 04:33:00,440
happened, we could put an actual number

3733
04:33:00,440 --> 04:33:02,520
and we could do some quick math to set

3734
04:33:02,520 --> 04:33:04,881
their rate at that, but I think I would

3735
04:33:04,881 --> 04:33:07,600
make the motion of council

3736
04:33:07,600 --> 04:33:09,279
direct administration to adjust the

3737
04:33:09,279 --> 04:33:10,760
annexed

3738
04:33:10,760 --> 04:33:12,359
residential

3739
04:33:12,359 --> 04:33:16,760
to be 25% or 33 or 50% of the difference

3740
04:33:16,760 --> 04:33:18,721
between the two rates. And then we can

3741
04:33:18,721 --> 04:33:20,400
do that and bring that back for the tax

3742
04:33:20,400 --> 04:33:21,600
rate bylaw.

3743
04:33:21,600 --> 04:33:23,000
Thank you. I guess my only thing with

3744
04:33:23,000 --> 04:33:24,160
that is I don't think council

3745
04:33:24,160 --> 04:33:26,561
anticipated doing a tax increase and

3746
04:33:26,561 --> 04:33:28,160
then a tax increase that would be

3747
04:33:28,160 --> 04:33:31,320
separate on unless we did. Uh I think

3748
04:33:31,320 --> 04:33:33,721
there was kind of uh so I I don't know

3749
04:33:33,721 --> 04:33:35,240
how council feels about that if we want

3750
04:33:35,240 --> 04:33:37,039
to see the numbers come back and how

3751
04:33:37,039 --> 04:33:38,439
that plays out cuz we would also have an

3752
04:33:38,439 --> 04:33:40,561
opportunity at next Tuesday's meeting

3753
04:33:40,561 --> 04:33:42,439
after we see the final numbers if we

3754
04:33:42,439 --> 04:33:44,920
want to do anything else with the uh

3755
04:33:44,920 --> 04:33:46,561
acreage tax, but

3756
04:33:46,561 --> 04:33:47,961
uh open up to council if there's any

3757
04:33:47,961 --> 04:33:49,760
other questions or comments that they

3758
04:33:49,760 --> 04:33:52,119
want to make specifically uh to the

3759
04:33:52,119 --> 04:33:55,830
acreage areas.

3760
04:33:55,840 --> 04:33:57,439
Okay. So, then seeing none, I would

3761
04:33:57,439 --> 04:33:59,199
suggest that we will leave it for now.

3762
04:33:59,199 --> 04:34:00,801
See that come back. And so then the

3763
04:34:00,801 --> 04:34:02,801
anticipation would be back here going to

3764
04:34:02,801 --> 04:34:06,680
come back on Tuesday, May the 12th, uh

3765
04:34:06,680 --> 04:34:09,320
with a final budget adjusted accordingly

3766
04:34:09,320 --> 04:34:12,119
uh due to the tax rates and then we

3767
04:34:12,119 --> 04:34:13,881
would look at final budget approval then

3768
04:34:13,881 --> 04:34:15,801
and then the final approval of the tax

3769
04:34:15,801 --> 04:34:18,080
rate bylaw. Are we still looking at the

3770
04:34:18,080 --> 04:34:21,160
end of May for that, Mr. Edney? Yeah,

3771
04:34:21,160 --> 04:34:24,000
that's correct and I think um

3772
04:34:24,000 --> 04:34:26,119
the intent of next week's presentation

3773
04:34:26,119 --> 04:34:27,961
would probably only be two or three

3774
04:34:27,961 --> 04:34:30,039
slides. We'd update that

3775
04:34:30,039 --> 04:34:31,760
one slide that we talked about to

3776
04:34:31,760 --> 04:34:33,760
reflect the council motion.

3777
04:34:33,760 --> 04:34:35,039
Um

3778
04:34:35,039 --> 04:34:36,400
Well, we'd have to reflect two of them

3779
04:34:36,400 --> 04:34:37,760
cuz we we've changed the vacant

3780
04:34:37,760 --> 04:34:39,039
residential, but we'd make those two

3781
04:34:39,039 --> 04:34:41,080
small changes, highlight them and then

3782
04:34:41,080 --> 04:34:43,439
have council approve as presented. We'll

3783
04:34:43,439 --> 04:34:45,119
go back, put all the numbers into the

3784
04:34:45,119 --> 04:34:46,920
tax rate bylaw and bring that back for

3785
04:34:46,920 --> 04:34:49,520
May 26th. Okay.

3786
04:34:49,520 --> 04:34:51,480
So, if there's no other topics from

3787
04:34:51,480 --> 04:34:54,510
council

3788
04:34:54,520 --> 04:34:56,600
seeing none. The only other question I

3789
04:34:56,600 --> 04:34:59,600
would have then going back to the agenda

3790
04:34:59,600 --> 04:35:05,199
is also on here was 5.1.2.

3791
04:35:05,199 --> 04:35:06,480
Uh but I don't think we're doing

3792
04:35:06,480 --> 04:35:08,760
anything with that today then since we

3793
04:35:08,760 --> 04:35:11,480
haven't approved the final budget. Uh

3794
04:35:11,480 --> 04:35:14,160
so, then should we just make a motion to

3795
04:35:14,160 --> 04:35:18,920
move 5.1.2 to the May 20

3796
04:35:18,920 --> 04:35:22,510
6th council meeting?

3797
04:35:22,520 --> 04:35:24,320
Cuz we should do something with the cuz

3798
04:35:24,320 --> 04:35:26,439
it is on the agenda. So, we should do

3799
04:35:26,439 --> 04:35:34,551
something with it.

3800
04:35:34,561 --> 04:35:36,641
Mr. Edney.

3801
04:35:36,641 --> 04:35:38,439
Yeah, why don't you just table it until

3802
04:35:38,439 --> 04:35:41,119
the May 26th?

3803
04:35:41,119 --> 04:35:43,000
Just table it? Yeah.

3804
04:35:43,000 --> 04:35:44,119
Okay.

3805
04:35:44,119 --> 04:35:46,119
That'll probably be easiest process-wise

3806
04:35:46,119 --> 04:35:47,439
and then we can lift it from the table

3807
04:35:47,439 --> 04:35:49,320
on the 26th.

3808
04:35:49,320 --> 04:35:50,400
Okay.

3809
04:35:50,400 --> 04:35:52,520
So, can I have a motion from council to

3810
04:35:52,520 --> 04:35:55,240
table item 5.1.2

3811
04:35:55,240 --> 04:36:01,670
the 2026 property tax bylaw, please?

3812
04:36:01,680 --> 04:36:05,279
Uh sorry, to the May 26th.

3813
04:36:05,279 --> 04:36:09,390
Thank you. Okay, Counselor Randhawa.

3814
04:36:09,400 --> 04:36:11,600
Thank you, Your Worship. I move that the

3815
04:36:11,600 --> 04:36:15,561
Council table the item 5.1.2 begin

3816
04:36:15,561 --> 04:36:19,520
the 2026 property tax by-law to the May

3817
04:36:19,520 --> 04:36:24,199
2026 2026 regular meeting of Council.

3818
04:36:24,199 --> 04:36:29,990
Thank you. Call for the vote.

3819
04:36:30,000 --> 04:36:32,000
That's carried unanimously. Thank you.

3820
04:36:32,000 --> 04:36:34,199
Uh, with that then I'll need a

3821
04:36:34,199 --> 04:36:36,240
uh motion to go into closed session. Uh,

3822
04:36:36,240 --> 04:36:38,279
we're only going to be doing uh two of

3823
04:36:38,279 --> 04:36:39,801
these items in closed session, which

3824
04:36:39,801 --> 04:36:43,119
would be 6.2, budget communications, and

3825
04:36:43,119 --> 04:36:45,961
6.3, grant adjudication committee. So,

3826
04:36:45,961 --> 04:36:48,600
can I have a motion, please, to go into

3827
04:36:48,600 --> 04:36:51,400
camera, and we'll do both at the same

3828
04:36:51,400 --> 04:37:01,470
time.

3829
04:37:01,480 --> 04:37:08,830
Counselor Sambol.

3830
04:37:08,840 --> 04:37:11,359
Certainly, Your Worship. I move that

3831
04:37:11,359 --> 04:37:14,600
Council go into closed session at 1:12

3832
04:37:14,600 --> 04:37:17,000
p.m. to discuss the following: grant

3833
04:37:17,000 --> 04:37:18,600
adjudication committee, Access to

3834
04:37:18,600 --> 04:37:21,039
Information Act Section 29, advice from

3835
04:37:21,039 --> 04:37:23,840
officials, and budget communications,

3836
04:37:23,840 --> 04:37:26,400
Access to Information Act Section 34,

3837
04:37:26,400 --> 04:37:28,359
information that is or will be available

3838
04:37:28,359 --> 04:37:29,961
to the public.

3839
04:37:29,961 --> 04:37:31,600
Thank you.

3840
04:37:31,600 --> 04:37:37,349
Call for the vote.

3841
04:37:37,359 --> 04:37:38,721
And that's carried unanimously. Thank

3842
04:37:38,721 --> 04:41:49,750
you.

3843
04:41:49,760 --> 05:25:46,760
» Mhm.