Title
Bylaw 19-2012 Local Improvement Levy for Surfacing in Hycrest Place 2 Country Residential Subdivision
Proposed Motion(s)
That Bylaw 19-2012 receive first reading.
That Bylaw 19-2012 receive second reading.
That Bylaw 19-2012 be presented at this meeting for third reading.
That Bylaw 19-2012 receive third and final reading.
Body
Administration Recommendation(s)
Administration supports these motions.
Purpose
The purpose of Bylaw 19-2012 is to impose a local improvement tax towards a local improvement for base course and asphaltic cold mix surfacing within Hycrest Place 2 Country Residential Subdivision.
Summary
Hycrest Place 2 Country Residential Subdivision was approved in the 2012 budget for asphaltic cold mix surfacing. As per Policy EN 001, the landowners of Hycrest Place 2 are required to pay 60% of the total cost of the project with the County paying 40% along with the proportionate share of the Local Improvement assessed on any Reserve Lot(s) within Hycrest Place 2.
Strategic Plan/Policy/Legal/Staff Implications (As Required)
This bylaw is in accordance with County Policy EN 001 and Division 7 of the Municipal Government Act.
Financial Impact:
Total Cost of the Project: $295,000 Landowner Cost: $167,440 County cost: $127,560
Source of Funding: 2012 Capital Budget