SCHEDULE "B"
TO BY-LAW XX-2021

BEING A BY-LAW TO IMPOSE
DEVELOPMENT CHARGES
RATES IN EFFECT FROM JANUARY XX, 2021 TO OCTOBER 31, 2021

Long Term Capital and Operating Costs

An overview of the long-term capital and operating costs for the capital facilities and infrastructure included in the DC By-law is provided in the study. This examination is required as one of the provisions of the DCA. Additional details on the long-term capital and operating impact analysis is found in Appendix F2 of the study. By 2029, the City’s net operating costs are estimated to increase by about $10.67 million per annum.

Asset Management Plan

A key function of the Asset Management Plan is to demonstrate that all assets proposed to be funded under the development charges by-law are financially sustainable over their full life cycle.

By 2030, the City will need to fund an additional $3.70 million per annum in order to properly fund the full life cycle costs of the new City-wide assets supported under the 2020 Development