Financial Matters
The City's new Local Improvement Policy Consolidation states that abutting property owners will be assessed for the full cost, per metre, for the construction of a sanitary sewer along the property frontage including restoration. The City will pay for the remainder of the cost of sewers at intersections and City owned properties and for road drainage. The cost of all private drain connections from the main sewer to the property line will be estimated and charged to the benefiting property in accordance with the provisions of the O. Reg. 586/06.
The estimated costs to the City and the abutting lots for the local improvement portion of the work only (watermain work excluded) are outlined in attached Schedule 'A'. The abutting lots will be assessed for the costs of the construction based on a rate per meter of frontage and a fixed rate per private drain connection.
The total estimated cost of this project including watermain reconstruction, design and contract administration is $2,714,006 of which $1,262,998 will be fully recovered from the benefitting property owners and $1,337,500 will be recovered from EnWin –Water. Recoveries from EnWin-Water include a 7% administration fee to cover the City's cost for engineering and contract administration related to the watermain. This administration fee will partially mitigate the cost to the City for the local improvement works that is shown in Schedule A. The remaining net cost to the City is $113,508 as is detailed in the table below.
The Local Improvement Sanitary Sewer Project (ID# 7159000) was created to provide funding for the local sanitary sewer program and collector sanitary sewers throughout the City in an effort to eliminate septic tanks and maximize the use of the pollution control plants. A number of potential projects were identified which included roads serviced with a storm sewer only (no sanitary sewer). It is being proposed that the Baseline sanitary sewer project be funded through Local Improvement Sanitary Sewer Project (ID# 7159000).
The following table outlines the proposed project budget:
| Description | Amount |
|---|---|
| EXPENSES | |
| Construction (Sanitary sewer, private drain connections, pavement and boulevard restoration and contingency) | $1,146,000 |
| Watermain Construction (EnWin – Water) | $1,250,000 |
| Engineering and Project Administration (15%) | $171,900 |
| Miscellaneous (survey, drafting, geotechnical investigation, inspection, non-recoverable HST) | $146,106 |
| Total Expenses | $2,714,006 |