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File #: 21-356    Version: 1 Name:
Type: Action Report Status: Carried
File created: 4/28/2021 In control: Capital Regional District Board
On agenda: 5/12/2021 Final action: 5/12/2021
Title: Bylaw No. 4372: Development Cost Charges Transfer to Capital Reserve
Attachments: 1. Staff Report: Bylaw 4372 DCC Transfer to Capital Reserve, 2. Appendix A: Staff Report October 15, 2020, including Bylaw 4372

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)