Title
Bylaw No. 4372: Development Cost Charges Transfer to Capital Reserve
Recommendation
1. That Bylaw No. 4372 cited as “Saanich Peninsula Water and Wastewater Development Cost Charges Transfer to Capital Reserve Bylaw No. 1, 2020” be abandoned.
2. That the transfer of development cost charge funds be approved in the amount of $1.7 million from the Saanich Peninsula Water and Wastewater Development Cost Charge fund, under Bylaw No. 3208, to the Saanich Peninsula Wastewater Capital Reserve Fund, established under Bylaw No. 2760, to be used to fund capital improvements and capital debt servicing for projects covered by the DCC program.
(WA)