Title
Bylaw 2017-08 - Public Transportation Utility
Proposed Motions
1. That Bylaw 2017-08 receive first reading.
2. That Bylaw 2017-08 receive second reading.
3. That Bylaw 2017-08 be presented for third reading at this meeting.
4. That Bylaw 2017-08 receive third and final reading.
Body
Administration Recommendation
Administration supports the proposed motions.
Purpose
To set the utility charge rate to offset the cost of transit service in Acheson Industrial Area.
Summary
The Public Transportation Utility Bylaw 2017-08 is used to collect utility charges from Serviced Lots in Acheson Industrial Area. The charges collected will offset the net cost to deliver transit service. The transit service includes two commuter routes from Edmonton and a shuttle service within Acheson. The estimated cost to deliver the transit service in 2017 is $536,500 and the 2016 shortfall was approximately $25,000. The estimated fare revenue for 2017 is $30,000. The utility charge will collect $531,500 and is set at $0.29372 for each $1,000 of Assessed Value of the Serviced Lots. The Serviced Lots are identified in Schedule A of Bylaw 2017-08.
This bylaw allows transit service costs to be recovered through fares and utility charges with no financial impact to the County budget.
Strategic Plan/Policy/Legal/Staff Implications:
This Bylaw is in alignment with Council Policy C-EN19 Public Transit Service.
Financial Impact:
Cost: $536,500 (2017) + $25,000 (2016) = $561,500
Funding: Fares and utility charges