metro vancouver regional district finance and ......2018/05/18 · may 18, 2018 metro vancouver...

May 18, 2018

METRO VANCOUVER REGIONAL DISTRICT FINANCE AND INTERGOVERNMENT COMMITTEE

REGULAR MEETING

Friday, May 18, 2018 9:00 a.m.

28th Floor Committee Room, 4730 Kingsway, Burnaby, British Columbia

R E V I S E D A G E N D A1 1. ADOPTION OF THE AGENDA

1.1 May 18, 2018 Regular Meeting Agenda That the Finance and Intergovernment Committee adopt the agenda for its regular meeting scheduled for May 18, 2018 as circulated.

2. ADOPTION OF THE MINUTES

2.1 April 20, 2018 Regular Meeting Minutes That the Finance and Intergovernment Committee adopt the minutes of its regular meeting held April 20, 2018 as circulated.

3. DELEGATIONS

3.1 Murray Thomson Subject: Board Remuneration

4. INVITED PRESENTATIONS 5. REPORTS FROM COMMITTEE OR STAFF

5.1 TransLink Phase Two Investment Plan – Proposed Increase to Borrowing Limit Designated Speaker: Rob Malli, CFO and EVP Financial & Corporate Services, TransLink and Geoff Cross, Vice President, Planning & Policy, TransLink That the MVRD Board:

a) receive for information the report dated May 1, 2018, titled “TransLink Phase Two Investment Plan – Proposed Increase to Borrowing Limit”, and

b) send a letter to the Mayors’ Council Regional Transportation communicating its support for the proposed increase to TransLink’s borrowing limit associated with the implementation of the Phase Two Investment Plan.

1 Note: Recommendation is shown under each item, where applicable.

Finance and Intergovernment Committee

Finance and Intergovernment Committee Regular Agenda May 18, 2018

Agenda Page 2 of 3

5.2 GVS&DD Development Cost Charge Waiver for Affordable Housing Bylaw No. 314

Designated Speaker: Heather McNell, Director, Regional Planning and Electoral Area Services, Parks, Planning and Environment That the GVS&DD Board:

a) give first, second and third reading to Greater Vancouver Sewerage and Drainage District Development Cost Charge Waiver for Affordable Housing Bylaw, No. 314, 2018; and

b) pass and finally adopt Greater Vancouver Sewerage and Drainage District Development Cost Charge Waiver for Affordable Housing Bylaw, No. 314, 2018.

5.3 2017 Statement of Financial Information

Designated Speaker: Phil Trotzuk, Chief Financial Officer/General Manager, Financial Services That the MVRD Board approve the Statement of Financial Information for the year ended December 31, 2017.

5.4 Award of Contract Resulting from RFP No. 18-122 - Property Management Services

for Metro Vancouver’s Head Office Location Designated Speaker: Greg Smith, General Manager, Corporate Services and Roy Moulder, Division Manager, Purchasing and Risk Management, Financial Services That the GVWD Board: a) authorize award of a contract in an amount up to $2,602,339 (exclusive of taxes)

to Colliers International, resulting from RFP No. 18-122: Property Management Services for Metro Vancouver’s Head Office Location; and

b) authorize the Commissioner and Corporate Officer to execute the contract. 6. INFORMATION ITEMS

6.1 2018 Finance and Intergovernment Committee Work Plan

6.2 Correspondence re Hauling of Soil Spoils Coordination from City of North Vancouver – April 12, 2018

6.3 Correspondence re Five-Year Performance Review from Vancouver Airport

Authority – May 4, 2018 7. OTHER BUSINESS 8. BUSINESS ARISING FROM DELEGATIONS 9. RESOLUTION TO CLOSE MEETING

Note: The Committee must state by resolution the basis under section 90 of the Community Charter on which the meeting is being closed. If a member wishes to add an item, the basis must be included below.

Revised


Finance and Intergovernment Committee Regular Agenda May 18, 2018

Agenda Page 3 of 3

That the Finance and Intergovernment Committee close its regular meeting scheduled for May 18, 2018 pursuant to the Community Charter provisions, Section 90 (1) (c) as follows: “90 (1) A part of the meeting may be closed to the public if the subject matter being

considered relates to or is one or more of the following: (c) labour relations or other employee relations.”

10. ADJOURNMENT/CONCLUSION

That the Finance and Intergovernment Committee adjourn/conclude its regular meeting of May 18, 2018.

Membership: Louie, Raymond (C) – Vancouver Moore, Greg (VC) – Port Coquitlam Brodie, Malcolm – Richmond Clay, Mike – Port Moody

Corrigan, Derek – Burnaby Deal, Heather – Vancouver Mussatto, Darrell – North Vancouver City Steele, Barbara - Surrey

Stewart, Richard – Coquitlam Walton, Richard – North Vancouver District


Minutes of the Regular Meeting of the MVRD Finance and Intergovernment Committee held on Friday, April 20, 2018 Page 1 of 4

METRO VANCOUVER REGIONAL DISTRICT FINANCE AND INTERGOVERNMENT COMMITTEE

Minutes of the Regular Meeting of the Metro Vancouver Regional District (MVRD) Finance and Intergovernment Committee held at 1:06 p.m. on Friday, April 20, 2018 in the 28th Floor Committee Room, 4730 Kingsway, Burnaby, British Columbia. MEMBERS PRESENT: Chair, Councillor Raymond Louie, Vancouver Vice Chair, Mayor Greg Moore, Port Coquitlam Mayor Malcolm Brodie, Richmond Mayor Mike Clay, Port Moody Mayor Derek Corrigan, Burnaby Councillor Heather Deal, Vancouver Councillor Barbara Steele, Surrey Mayor Richard Stewart, Coquitlam (arrived at 1:20 p.m.) Mayor Richard Walton, North Vancouver District MEMBERS ABSENT: Mayor Darrell Mussatto, North Vancouver City STAFF PRESENT: Carol Mason, Chief Administrative Officer Janis Knaupp, Legislative Services Coordinator, Board and Information Services 1. ADOPTION OF THE AGENDA

1.1 April 20, 2018 Regular Meeting Agenda It was MOVED and SECONDED That the Finance and Intergovernment Committee adopt the agenda for its regular meeting scheduled for April 20, 2018, as circulated.

CARRIED 2. ADOPTION OF THE MINUTES

2.1 March 16, 2018 Regular Meeting Minutes

It was MOVED and SECONDED That the Finance and Intergovernment Committee adopt the minutes of its regular meeting held March 16, 2018, as circulated.

CARRIED

2.1



3. DELEGATIONS No items presented.

4. INVITED PRESENTATIONS No items presented.

5. REPORTS FROM COMMITTEE OR STAFF

5.1 2017 Greater Vancouver Regional Fund Semi-Annual Reports Report dated April 4, 2018 from Raymond Kan, Senior Regional Planner, Parks, Planning and Environment, together with a report dated March 16, 2018 from TransLink, reporting on the status of TransLink’s active projects funded by federal gas tax funds through the Greater Vancouver Regional Fund (GVRF). Kelly Lownsbrough, Financial Planning and Analysis Director, and Jeevan Tiwana, Capital Assets and Government Funding Manager, TransLink, provided members with a presentation on the status of TransLink’s active projects funded through the GVRF highlighting including additions uses and balances, 2017-2027 usage, policy, and delivery. Presentation material titled “Report on Federal Gas Tax Funding received from Greater Vancouver Regional Fund” is retained with the April 20, 2018 Finance and Intergovernment Committee agenda. It was MOVED and SECONDED That the MVRD Board receive for information the report prepared by TransLink titled “Report on Federal Gas Tax Funding received from the Greater Vancouver Regional Fund (GVRF)” as attached to the report dated April 4, 2018, titled “2017 Greater Vancouver Regional Fund Semi-Annual Reports”.

CARRIED 1:20 p.m. Mayor Stewart arrived at the meeting.

5.2 Operating, Statutory and Discretionary Reserves Policy

Report dated April 11, 2018 from Phil Trotzuk, Chief Financial Officer, together with report dated March 28, 2018 from Phil Trotzuk, seeking MVRD/ GVWD/GVS&DD/MVHC Board approval of the Operating, Statutory and Discretionary Reserves Policy. Members were provided with a presentation on Metro Vancouver’s Operating, Statutory and Discretionary Reserves Policy highlighting Metro Vancouver’s financial structure, reserve types and principles, minimum requirements for individual reserves, annual surplus priority sequence, and reserves management. Members suggested that the standing committee responsible for financial policy give consideration to a policy review on thresholds for operating reserves and



how Metro Vancouver reserves compare with other similar jurisdictions in North America including utility agencies. It was also suggested that consideration be given to what would be an appropriate metric to conduct a comparison. Presentation material titled “Operating, Statutory and Discretionary Reserves Policy” is retained with the April 20, 2018 Finance and Intergovernment Committee agenda. It was MOVED and SECONDED That the MVRD/GVWD/GVS&DD/MVHC Board approve the Operating, Statutory and Discretionary Reserves Policy as presented in the attached report, dated March 28, 2018, titled “Operating, Statutory and Discretionary Reserves Policy.”

CARRIED

6. INFORMATION ITEMS It was MOVED and SECONDED

That the Finance and Intergovernment Committee receive for information the following Information Item: 6.1 2018 Finance and Intergovernment Committee Work Plan

CARRIED 7. OTHER BUSINESS

No items presented. 8. BUSINESS ARISING FROM DELEGATIONS

No items presented. 9. RESOLUTION TO CLOSE MEETING

It was MOVED and SECONDED That the Finance and Intergovernment Committee close its regular meeting scheduled for April 20, 2018 pursuant to the Community Charter provisions, Section 90 (1) (k) as follows: “90 (1) A part of the meeting may be closed to the public if the subject matter being

considered relates to or is one or more of the following: (k) negotiations and related discussions respecting the proposed provision

of a regional district service that are at their preliminary stages and that, in the view of the board or committee, could reasonably be expected to harm the interests of the regional district if they were held in public.”

CARRIED



10. ADJOURNMENT/CONCLUSION

It was MOVED and SECONDED That the Finance and Intergovernment Committee adjourn its regular meeting of April 20, 2018.

CARRIED (Time: 1:49 p.m.)

____________________________ ____________________________ Janis Knaupp, Raymond Louie, Chair Legislative Services Coordinator 25120949 FINAL


25139833

To: Finance and Intergovernment Committee From: Raymond Kan, Regional Planner II, Growth Management and Transportation, Parks,

Planning and Environment Date: May 1, 2018 Meeting Date: May 18, 2018 Subject: TransLink Phase Two Investment Plan – Proposed Increase to Borrowing Limit RECOMMENDATION That the MVRD Board: a) receive for information the report dated May 1, 2018, titled “TransLink Phase Two Investment

Plan – Proposed Increase to Borrowing Limit”, and b) send a letter to the Mayors’ Council Regional Transportation communicating its support for the

proposed increase to TransLink’s borrowing limit associated with the implementation of the Phase Two Investment Plan.

PURPOSE The purpose of this report is to provide the Metro Vancouver Regional District Board with the opportunity to review and communicate its support for TransLink’s proposal to raise its borrowing limit for the purposes of implementing the Phase Two Investment Plan. BACKGROUND TransLink is consulting on the Phase Two Investment Plan between April 30 and May 11, 2018 (References 1 and 2). The TransLink Board and Mayors’ Council on Regional Transportation will receive a summary report of the consultation on May 24, and will be considering approval of the plan on June 28, 2018. Pursuant to Section 31(1) of the South Coast British Columbia Transportation Authority Act, before the Mayors’ Council on Regional Transportation can approve an investment plan that proposes an increase in the amount TransLink may borrow, the Mayors’ Council must consult with the Metro Vancouver Board. TransLink will be presenting to the Finance and Intergovernment Committee on May 18, 2018. Phase Two Investment Plan TransLink’s 2017-2028 Phase Two Investment Plan will fund and implement the second phase of transportation improvements of the Mayors’ Council 10-Year Vision. The new transportation improvements include:

• Increased bus service by 8% from 2020-2021 (on top of the 10% increase in Phase One); • increased HandyDART service by 7% from 2020-2021 (on top of the 15% increase in Phase

One); • increased SkyTrain service during peak periods, midday, and weekends starting in 2019; • modernization of Expo and Millennium SkyTrain Lines infrastructure;

5.1


TransLink Phase Two Investment Plan – Proposed Increase to Borrowing Limit Finance and Intergovernment Committee Regular Meeting Date: May 18, 2018

Page 2 of 3

• increased funding to municipalities for improvements to the Major Road Network and associated structures;

• increased funding to municipalities for improvements to pedestrian and cycling infrastructure;

• construction and operations of the Surrey-Newton-Guildford Light Rail Transit and Millennium Line Broadway Extension projects;

• engineering, design, and early works for the Surrey-Langley Rapid Transit line; and • project development for a gondola from the Millennium Line to SFU Burnaby Mountain

campus, and rapid transit west of Arbutus to UBC Point Grey campus. The Phase Two Investment Plan is the outcome of a successful collaboration between TransLink and the Mayors’ Council. The Federal and Provincial governments are key funding partners. The Phase Two Investment Plan also includes increases to local taxation and fees, and assumes continuing contributions from the Greater Vancouver Regional Fund for expansion and modernization investments (the MVRD Board has approval authority over TransLink projects seeking Federal Gas Tax Funds through the Greater Vancouver Regional Fund). At the time of writing, TransLink is scheduled to consult with the MVRD Board via the Regional Planning Committee on the proposed investments on May 4, 2018. Staff will bring forward a report outlining the alignment between the Phase Two Investment Plan and Metro Vancouver 2040: Shaping Our Future, the regional growth strategy. Should there be any comments or concerns with the Phase Two Investment Plan from a regional planning perspective, the Board may provide those directions at its meeting on May 25, 2018. Proposed Borrowing Limit As per the enclosed letter from TransLink (Attachment), the regional transportation authority is proposing to raise its borrowing limit to $5.5 billion from $4 billion in order to accommodate the regional share of capital expenditures in the Phase Two Investment Plan. TransLink does not currently borrow through MVRD, therefore any new debt issued is not jointly and severally liable with Metro Vancouver member municipalities. There is, however, still approximately $1 billion ($490 million net of sinking funds) in outstanding TransLink debentures accounted for by the MVRD which is jointly and severally liable with Metro Vancouver member municipalities. The last outstanding TransLink borrowing issued through Metro Vancouver matures in 2036. ALTERNATIVES 1. That the MVRD Board:

a) receive for information the report dated May 1, 2018, titled “TransLink Phase Two Investment Plan – Proposed Increase to Borrowing Limit”, and

b) send a letter to the Mayors’ Council Regional Transportation communicating its support for the proposed increase to TransLink’s borrowing limit associated with the implementation of the Phase Two Investment Plan.

2. That the MVRD Board receive for information the report dated May 1, 2018, titled “TransLink

Phase Two Investment Plan – Proposed Increase to Borrowing Limit”, and provide staff with alternate direction.


TransLink Phase Two Investment Plan – Proposed Increase to Borrowing Limit Finance and Intergovernment Committee Regular Meeting Date: May 18, 2018

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FINANCIAL IMPLICATIONS The proposed increased to TransLink’s borrowing limit has no immediate financial implications for Metro Vancouver. Additional TransLink borrowing does represent additional liability and borrowing costs that must be serviced by ratepayers in the region. SUMMARY / CONCLUSION TransLink and the Mayors’ Council on Regional Transportation, in collaboration with the Federal and Provincial governments, have achieved a fully funded Phase Two Investment Plan to deliver the second phase of the Mayors’ Council 10-Year Vision. Improving the regional transportation system is a crucial element for facilitating the orderly growth and prosperity of the Metro Vancouver region which is projected to grow from 2.5 million residents today to 3.4 million by 2040. TransLink is proposing to raise its borrowing limit to $5.5 billion from $4 billion in order to accommodate the regional share of capital expenditures in the Phase Two Investment Plan. Pursuant to Section 31(1) of the South Coast British Columbia Transportation Authority Act, before the Mayors’ Council on Regional Transportation can approve an investment plan that proposes an increase in the amount TransLink may borrow, the Mayors’ Council must consult with the Metro Vancouver Board. TransLink does not currently borrow through MVRD, therefore any new debt issued is not jointly and severally liable with Metro Vancouver member municipalities. There is, however, still approximately $1 billion ($490 million net of sinking funds) in outstanding TransLink debentures accounted for by the MVRD which is jointly and severally liable with Metro Vancouver member municipalities. The last outstanding TransLink borrowing issued through Metro Vancouver matures in 2036. Staff recommend alternative one. Attachment (Doc #25231049) Correspondence from Mayors’ Council on Regional Transportation, dated April 20, 2018 re Draft 2018-2027 Investment Plan (Phase Two of the 10-Year Vision) References 1. Phase Two of the 10-Year Vision Public Consultation Discussion Guide 2. Phase Two of the 10-Year Vision Public Consultation Website 25139833


https://tenyearvision.translink.ca/Documents/phase_two_ten_year_vision_discussion_guide.pdfhttps://tenyearvision.translink.ca/get-involved

April 20th, 2018

Mayor Greg Moore Chair, Board of Directors Metro Vancouver 4330 Kingsway Burnaby, BC V5H 4G8

Dear Chair Moore:

TransLink has initiated the public consultation process for its Draft 2018‐2027 Investment Plan, also referred to as Phase Two of the 10‐Year Vision. The Draft Plan is the product of several months of collaboration between the Mayors’ Council and the TransLink Board, supported by regional and municipal staff. Consultation will close on May 11, 2018.

Consultation with Metro Vancouver is an important part of the process to review the Draft Plan. TransLink staff has and will engage with Metro Vancouver planning staff throughout the development of the Draft Plan. On May 4, 2018, TransLink staff will present an overview of the Draft Plan to the Metro Vancouver Regional Planning Committee; this consultation will focus on the Draft Plan’s role in supporting the Regional Growth Strategy, as well as the Plan’s proposed allocation of funding from the Greater Vancouver Regional Fund.

In addition to the required TransLink consultation with Metro Vancouver regarding the Draft Plan, legislation requires the Mayors’ Council to formally consult with the Metro Vancouver Board regarding any change to TransLink’s borrowing limit proposed in a draft investment plan. Specifically, Section 31(1) of the South Coast British Columbia Transportation Act (SCBCTA Act) states:

Before the mayors' council on regional transportation approves an investment plan that proposes an increase in the amount the authority may borrow, the mayors' council on regional transportation must consult with the Greater Vancouver Regional District board of directors.

In accordance with this provision, and to fulfill TransLink’s consultation obligations with respect to the amount TransLink may borrow, I am writing to inform the Metro Vancouver Board of Directors that the Mayors’ Council plans to consider approval of a 2018‐2027 Investment Plan that would increase TransLink’s established borrowing limit. TransLink currently has an established borrowing limit of $4 billion. The Draft Plan proposes an increase of $1.5 billion to the amount TransLink may borrow so that the revised borrowing limit, in accordance with Section 31(1) of the SCBCTA Act, becomes $5.5 billion. The

ATTACHMENT


‐ 2‐

proposed increase supports delivery of the regional share of capital expenditures in the Plan. If you have any questions, please do not hesitate to contact me, or to have your staff liaise with TransLink staff. We look forward to Metro Vancouver’s continued support for investment in transit and transportation in the region. Sincerely,

Mayor Derek Corrigan Chair, TransLink Mayors’ Council on Regional Transportation cc: Phil Trotzuk – Chief Financial Officer, Metro Vancouver Lorraine Cunningham – Chair, TransLink Board of Directors Kevin Desmond – Chief Executive Officer, TransLink

Mike Buda – Executive Director, TransLink Mayors’ Council on Regional Transportation


25278759

To: Finance and Intergovernment Committee From: Heather McNell, Director, Regional Planning and Electoral Area Services,

Parks, Planning and Environment Date: May 8, 2018 Meeting Date: May 18, 2018 Subject: GVS&DD Development Cost Charge Waiver for Affordable Housing Bylaw No. 314 RECOMMENDATION That the GVS&DD Board: a) give first, second and third reading to Greater Vancouver Sewerage and Drainage District

Development Cost Charge Waiver for Affordable Housing Bylaw, No. 314, 2018; and b) pass and finally adopt Greater Vancouver Sewerage and Drainage District Development Cost

Charge Waiver for Affordable Housing Bylaw, No. 314, 2018. PURPOSE To provide the Finance and Intergovernment Committee and GVS&DD Board the opportunity to consider Greater Vancouver Sewerage and Drainage District Development Cost Charge Waiver for Affordable Housing Bylaw, No. 314, 2018. BACKGROUND The Greater Vancouver Sewerage and Drainage Act allows for the ability to waive or reduce Development Cost Charges for affordable rental housing. Metro Vancouver has had an Affordable Housing DCC Waiver as part of the GVS&DD DCC Bylaw since 2010. Through the development of the updated GVS&DD DCC Bylaw, it was decided to remove the affordable housing waiver language from DCC Bylaw, and to develop a separate Affordable Housing DCC Waiver Bylaw, with an aim to improving language and clarity regarding applicability. The bylaw is now ready for consideration (Attachment). AFFORDABLE HOUSING DCC WAIVER BYLAW The review of the GVS&DD DCC program began in 2014. Through the review process, it was determined that the waiver for affordable housing in the GVS&DD DCC Bylaw needed to be clarified in terms of applicability and ease of use. In addition, it was determined that the affordable housing waiver language in the DCC bylaw should be removed and a stand-alone DCC waiver bylaw developed. A diverse and affordable housing stock is essential to support our region’s growing population, a vibrant and prosperous economy and the ongoing development of a complete, resilient and transit-oriented network of centres across the region. The affordability of housing is clearly an issue of national, provincial, regional and local significance, and the housing crisis in our region continues to deepen. All levels of government are acting with purpose to address the issue within the context of their mandates. Metro Vancouver 2040: Shaping our Future (Metro 2040), the regional growth strategy and the Regional Affordable Housing Strategy (RAHS) both have strong strategies and

5.2


GVS&DD Development Cost Charge Waiver for Affordable Housing Bylaw No. 314 Finance and Intergovernment Committee Regular Meeting Date: May 18, 2018

Page 2 of 8

policies regarding regional housing affordability. These plans are one reflection of Metro Vancouver’s ongoing commitment to support affordable rental housing in the region. Goal 3 of the RAHS includes the following policy action for Metro Vancouver:

review the GVS&DD Development Cost Charge bylaw waiver conditions for affordable rental housing to ensure the waiver can assist in the creation of new affordable rental housing by reflecting current funding arrangements and is consistent with municipal practices, as much as possible.

GVS&DD DCC Waivers for Affordable Rental Housing Granted 2010 to 2017 Cumulatively, since the GVS&DD DCC Bylaw was adopted in 2010, 2,794 units in 73 projects have benefitted from the waiver. The cumulative amount of waivers granted is just under $2 million. Table 1 shows how the number of units benefiting from the waiver has fluctuated each year between 2010 and 2017, with DCC waivers amounting to a low of $107,705 in 2014 to a high of $577,773 in 2015. Lower uptake was primarily due to the lack of senior government housing supply programs during this time frame. In some cases, it appears the waiver was provided for a few units in an otherwise market rental or strata building, likely through the application of inclusionary measures. Table 1: Annual and Cumulative GVS&DD DCC Waivers 2010-2017

Year

Projects with waived units

Regional DCC Waived # Units

Amount of Regional DCC waived

2010-2011 13 642 $451,083 2012 9 581 $319,291 2013 12 363 $230,924 2014 12 168 $107,705 2015 15 660 $577,773 2016 5 182 $109,603 2017 6 198 $174,930 Total 73 2,794 $1,971,309

In recent years, the regional DCC waivers for affordable units were provided in only three municipalities: Vancouver, City of North Vancouver and Richmond. This result may reflect the fact that these municipalities had inclusionary policies in place securing below-market rental units in privately developed condo projects. Previous years, when provincial supportive housing programs were available, saw more widespread use of waivers. Table 2: Number of Affordable Housing Units Receiving a Waiver of GVS&DD Development Cost Charges by Municipality between January 1, 2015 and December 31, 2017 (3 Years Combined)

Municipality Total # Projects

Total # Units

Regional DCC Waived # Units

Amount of Regional DCC waived

Vancouver 13 1,476 892 $760,692 Richmond 11 1,841 133 $89,509 City of North Vancouver 2 393 15 $12,105 Metro Vancouver 26 3,710 1,040 $862,306



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Between 2010 and 2017, waivers were provided for both “For-Profit Affordable Rental Housing” and “Not for Profit Rental Housing”. The former was defined as dwelling units in a development that are to be rented at below market rental rates to people with incomes below median household income for the region. The latter was defined as those units in a development that are to be rented to tenants who meet eligibility criteria related to income, number of occupants etc., and that were owned or leased by a not-for-profit society, BC Housing, Canada Mortgage and Housing Corporation (CHMC), not-for-profit municipal housing corporation, or Province of BC. Table 3 shows the waivers by type of unit receiving the waiver for the period 2010-2017 (except for 2014 where the breakdown of data is not available). Not-for-profit rental housing units were the predominant beneficiary of regional DCC waivers, accounting for about 80% of waivers. For profit affordable rental units accounted for 20% of the units receiving the waiver over this period. Table 3: Number of Affordable Housing Units Receiving a Waiver of GVS&DD Development Cost Charges by Developer Type between 2010 adoption and December 31, 2017

Not-for-Profit For-Profit Total

Year Number of Projects

Number of Units Waived

Amount Waived

Number of Projects


Amount waived

Number of Projects


Amount Waived

2010 4 193 $96,153 3 56 $37,688 7 249 $133,841 2011 6 393 $317,242 0 0 0 6 393 $317,242 2012 8 574 $314,580 1 7 $4,711 9 581 $319,291 2013 7 276 $159,285 5 87 $71,639 12 363 $230,924 2014 12 168 $107,705 2015 6 478 $463,984 9 182 $113,789 15 660 $577,773 2016 0 0 $0 5 182 $109,603 5 182 $109,603 2017 2 144 $138,588 4 54 $36,342 6 198 $174,930 Total 33 2058 $1,489,832 27 568 $373,772 72 2794 $1,971,309

Scoping the updated Affordable Housing DCC Waiver Bylaw Section 561 of the Local Government Act describes the circumstances in which DCCs are not payable or are exempted. Section 563 of the Local Government Act stipulates the conditions under which DCCs can be waived or reduced. The latter permits both not-for-profit and for-profit affordable rental housing to be waived from DCCs under certain conditions. Metro Vancouver retained a consultant to assist with the development of the Waiver Bylaw. The consultant reviewed municipal waiver bylaws, and spoke with a number of interested agencies about the applicability, principles, criteria, and implementation issues associated with affordable housing waiver bylaws. The consultant developed an Options Paper for staff and stakeholder consideration that identified project scope, policy objectives, issues to consider, principles for developing an updated waiver, data on how the waiver has been used to date and options regarding eligibility and implementation. Much of the content in this report stems from that work.



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Principles in Developing a DCC Waiver for Affordable Housing The BC Ministry of Municipal Affairs and Housing has a DCC Best Practice Guide that contains principles for application of DCCs. These principles have been adapted to the context of the GVS&DD DCC waiver for affordable housing. The principles guiding the development of the waiver bylaw are:

a) consistency with Metro Vancouver policy - Board Strategic Direction, Metro 2040, and the Regional Affordable Housing Strategy;

b) provides a meaningful contribution to expanding the stock of affordable rental housing; c) waiver benefit should match the benefit provided by the affordable rental housing; d) waiver terms should be broad enough to accommodate changing conditions, funding

programs and housing types; e) simplicity with clear and consistent application enabled; f) consistent with municipal DCC waiver approaches, as possible; g) cost and resource implications for GVS&DD will be considered and the waiver will not

compromise GVS&DD’s ability to pay for needed sewer development / improvements; and

h) administrative ease and efficiency. Engagement The consultant produced an options paper for Metro Vancouver and stakeholder consideration. The following engagement activities were undertaken: Table 4: Engagement during the Development of the Affordable Housing DCC Waiver Bylaw

January • Consultant discussions with municipal staff, consultants, BC Housing, the British Columbia Non-Profit Housing Association, and VanCity

February • RPAC Housing Subcommittee and the Regional Planning Advisory Committee review the Options paper and provide feedback on policy and implementation considerations

March • Metro Vancouver’s Housing Steering Committee review the recommended policy approach for the bylaw

• Draft bylaw under development • Legal and financial assessment • RPAC review the proposed approach

April • Metro Vancouver’s Housing Steering Committee review the draft bylaw • RPAC Housing SubCommittee and RPAC review the draft bylaw

May • Regional Planning Committee, Housing Committee, and Utilities Committee all review draft bylaw.

Considering Eligibility In assessing the scope of eligibility (i.e. whether both for-profit and not-for-profit developments should be eligible) for the updated GVS&DD DCC waiver, the following was evaluated:

• past use of the waiver; • consistency with municipal practices; • impact to the provision of affordable rental units; and • cost and resource implications for GVS&DD.



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Past Use and Cost There are two factors that reflect the current environment in which the Affordable Housing DCC Waiver bylaw is being updated. First, for the first time in over 20 years, the GVS&DD has raised its DCC rates. These increases will lead to a greater cost impact for the provision of affordable rental housing. Second, there is new and significant federal and provincial funding for affordable rental housing and, therefore, it can be expected that more affordable rental housing units will be built over the near to mid-term. As a result of this new policy and funding environment, past user of the GVS&DD waiver will have little bearing on the future, and there will be a greater potential number of units eligible for a GVS&DD DCC waiver and, therefore, higher foregone revenues to GVS&DD. Consistency with Municipal Practices Only a few municipalities have DCC waivers or reduction bylaws in place, and where they do, practices vary. The City of Vancouver has a waiver for for-profit affordable rental housing and not-for-profit rental housing within its Development Cost Levy Bylaw. The City of North Vancouver has a DCC Waiver bylaw that waives non-profit rental housing DCCs, and they recently removed the reduction in DCCs for for-profit affordable rental housing. The District of West Vancouver also has a DCC Waiver Bylaw, enacted to provide a waiver for a particular non-profit rental housing development. Applicability to not-for-profit and for-profit affordable rental housing A consideration for eligibility is the impact on the provision of affordable rental units. For-profit developers that provide affordable rental units as part of a condo / strata or market rental development in many cases receive incentives from the municipality for their provision, either through density bonusing, relaxed parking requirements or other inclusionary measures. Municipal and regional DCCs are a small part of overall housing development costs; taken alone, a regional DCC waiver will not affect project viability. However, every reduction in capital costs affects the bottom line. Through the bylaw development process, staff and the consultant assessed the outcomes of the waivers granted to date. In most cases, the for-profit units were slated to remain as affordable rental for a term of 20 years, whereas the not-for-profit units were to remain as affordable rental for the life of the building or 60 years. It is often a challenge to find a non-profit to operate a small number of units in a condo development and, likewise, it is more difficult to monitor outcomes for multiple developments with a small number of affordable units. Staff undertook some informal auditing with an aim to assess outcomes and found that many of the for-profit units are no longer at below market rents, some covenants have been removed, and some are even now in private ownership. As a result, it was determined that it would be a challenge and a significant additional cost to GVS&DD to audit the outcomes of for-profit waivers and to address any non-compliance. After assessment, it was recommended by the consultant, RPAC Housing Subcommittee members, RPAC members and staff to limit the applicability of the updated waiver to not-for-profit rental housing. The rationale for this recommendation includes the following:

• not for-profit units continue to make up the largest component of new affordable rental stock;

• not-for-profit units tend to serve lower income residents more than for-profit development; • it is aligned with municipal practice; and



Page 6 of 8

• through housing agreements, the monitoring of affordability for these units is typically done through senior government oversight. Therefore, there is no need for additional auditing by GVS&DD.

Additional Considerations Through the development and engagement process, there was an expressed interest in ensuring that transitional and supportive housing were included in the definition of not-for-profit rental housing. This language was added. There was also significant discussion regarding whether the waiver should be applied only to affordable rental units, or to all units in a not-for-profit rental housing development. After analysis, staff are proposing that all units in the development receive the waiver if at least 30% of the units are to be occupied by households with incomes below housing income levels, as set out in the current “Housing Income Limits” (HILs) table published by the British Columbia Housing Management Commission, or equivalent publication, and only to those units if they comprise less than 30% of the development. Finally, neither emergency shelters nor co-ops are eligible for waivers under the current legislation, nor are they exempt from DCCs. Staff will continue to explore options to address this gap, including consideration of a request for legislative change, and will report back to the Board with recommendations. Focus on Affordable Housing by Federal and Provincial Governments Both the provincial and federal governments have promised significant new funding for affordable housing over a 10 or 11-year period through recently announced strategies/plans. To a large degree the estimate of foregone GVS&DD DCC collections depends on the extent and speed with which provincial and federal government funding for new affordable rental housing is implemented. Government change, and or different economic/financial circumstances could influence funding available in later years of both the federal and provincial plans. The new Homes for BC Plan announced with the February 2018 Budget proposes 114,000 new affordable homes over 10 years BC wide, at a cost of $6.6 billion (and this likely includes federal cost share monies). Although details are scant at this time, most units will be rental and delivered through not-for profit housing organizations, although not all. Some of this funding will be applied as subsidies or operating funding for existing units in the private rental sector or non-profit housing sector, for example, with no DCC implications. New GVS&DD DCC rates come into effect on May 1, 2018. DCC collections were approximately $22.6 million in 2016 at the existing rates. At the new rates, assuming the same development activity, DCC collections would be approximately $64.9 million. With new affordable housing programs announced by both the Provincial and the Federal governments and waiver bylaw language that promotes affordable rental housing development, it is expected that waiver experience in the coming years will be more substantial than experienced in the past. Cost implications were a factor in recommending to limit eligibility of the waiver to not-for-profit developments / dwelling units.



Page 7 of 8

Implementation If the Bylaw is adopted, Metro Vancouver will develop, in collaboration with member jurisdictions, an implementation guideline for the Affordable Housing DCC Waiver Bylaw and will update information on the Metro Vancouver website including the application form and FAQs. Metro Vancouver will be responsible for administering the waiver bylaw and determining eligibility for a GVS&DD DCC waiver for affordable rental housing. Member municipalities and/or the not-for-profit rental housing developer will be asked to provide to Metro Vancouver, for each waiver application for affordable rental housing:

a) a completed GVS&DD DCC Waiver application form; b) a copy of operating/operator agreement governing the development, and/or c) a copy of Housing Agreement bylaw; and d) municipal staff recommendation as to the development’s eligibility for the waiver.

Metro Vancouver will provide written notice to the member municipality and applicant regarding its decision about eligibility for a GVS&DD DCC waiver for not-for-profit affordable rental housing. In the case of GVS&DD DCCs, Metro Vancouver does not levy the DCC, and relies on member municipalities to collect the charges. This means that municipal staff not only have to understand and calculate the charges, they must also do so in addition to their own municipal DCC regime. A similar approach is proposed for the waiver bylaw, with municipal staff gathering information and making a recommendation; however, GVS&DD staff would make the final decision as to eligibility. Bylaw Review A review of the updated waiver bylaw will be undertaken in 2020, in concert with a review of the DCC bylaw to assess use, cost, effectiveness, and to gauge whether any amendments regarding eligibility and language should be considered. ALTERNATIVES 1. That the GVS&DD Board:

a) give first, second and third reading to Greater Vancouver Sewerage and Drainage District Development Cost Charge Waiver for Affordable Housing Bylaw, No. 314, 2018; and

b) pass and finally adopt Greater Vancouver Sewerage and Drainage District Development Cost Charge Waiver for Affordable Housing Bylaw, No. 314, 2018.

2. That the GVS&DD Board receive for information the report dated May 8, 2018, titled “GVS&DD

Development Cost Charge Waiver for Affordable Housing Bylaw No. 314” and provide alternative direction to staff.

FINANCIAL IMPLICATIONS If the GVS&DD Board adopts the GVS&DD Affordable Housing DCC Waiver Bylaw as presented under alternative one, it is estimated that the annual impact of the proposed DCC waiver will be between $2.5 and $3.5 million of foregone collections (applying an average DCC rate of $1,850 per unit). This estimate is based on the historical experience that approximately 50% of BC’s affordable housing expenditures occur in Metro Vancouver. Using an assumption of up to 57,000 units created over a 10 year period, or 5,700 units per year, it is estimated that the number of units to be developed annually by not-for-profit housing organizations would likely be in the range of 1,500 to 2,000 units per year.



Page 8 of 8

The amount of foregone future DCC collections will be largely dependent upon future affordable housing development activity in the region – past GVS&DD waiver trends are expected to have little bearing on the future, given the changing funding environment in affordable housing at the federal and provincial level. Waiver experience under the proposed bylaw will be a key factor to be reviewed when the DCC rate bylaw is next evaluated set to commence in 2020. SUMMARY / CONCLUSION The Greater Vancouver Sewerage and Drainage Act allows for the ability to waive or reduce Development Cost Charges for affordable rental housing. Metro Vancouver has had an Affordable Housing DCC Waiver as part of the GVS&DD DCC Bylaw since 2010. Through the development of the updated GVS&DD DCC bylaw, it was decided to remove the affordable housing waiver language from DCC Bylaw, and to develop a separate Affordable Housing DCC Waiver Bylaw, with an aim to improving language and clarity regarding applicability. An Options Paper was developed for staff and stakeholder consideration that identified project scope, policy objectives, issues to consider, principles for developing an updated waiver, data on how the waiver has been used to date and options regarding eligibility and implementation. In assessing the scope of eligibility (i.e. whether both for-profit and not-for-profit developments should be eligible) for the updated GVS&DD DCC waiver, the following was evaluated: past use of the waiver; consistency with municipal practices; impact to the provision of affordable rental units; and cost and resource implications for GVS&DD. After assessment, it was recommended to limit the applicability of the updated waiver to not-for-profit rental housing, defined to include housing that is owned, leased or otherwise held by BC Housing, CMHC, not-for-profit societies, non-profit municipal housing corporations, and registered charities (defined in the bylaw). There was also significant discussion regarding whether the waiver should be applied only to affordable rental units, or to all units in a not-for-profit rental housing development. After analysis, staff are proposing that all units in the development receive the waiver if at least 30% of the units are to be occupied by households with incomes below housing income levels, as set out in the current “Housing Income Limits” (HILs) table published by the British Colombia Housing Management Commission, or equivalent publication, and only to those units if they comprise less than 30% of the development. The amount of foregone future DCC collections for GVS&DD from the updated Regional DCC Waiver for Affordable Housing will be largely dependent upon future affordable housing development activity in the region. While past GVS&DD waiver trends are expected to have little bearing on the future, given that the funding environment is quite different, staff estimate that the annual impact of the proposed DCC waiver will be between $2.5 and $3.5 million of foregone collections. Staff recommend approval of the DCC Waiver Bylaw as presented under alternative one to continue to provide DCC waivers for eligible projects under the conditions as set out in this report and the attached bylaw. Attachment Greater Vancouver Sewerage and Drainage District Development Cost Charge Waiver for Affordable Housing Bylaw No. 314, 2018 (Doc # 25302921) 25278759


Greater Vancouver Sewerage and Drainage District Development Cost Charge Waiver for Affordable Housing Bylaw, No. 314, 2018

25302921 Page 1 of 7

GREATER VANCOUVER SEWERAGE AND DRAINAGE DISTRICT

BYLAW NO. 314, 2018

A Bylaw to Establish a Waiver of Development Cost Charges for Affordable Housing

WHEREAS:

A. Pursuant to subsections 58.2(3.3) and (3.4) of the Greater Vancouver Sewerage and Drainage

District Act, SBC 1956, c. 50, the Greater Vancouver Sewerage and Drainage District may, by bylaw, waive or reduce a development cost charge imposed by bylaw pursuant to section 58.2 of the Greater Vancouver Sewerage and Drainage District Act for an “eligible development”; and

B. It is deemed desirable to establish requirements and conditions for a waiver or reduction of

development cost charges for not-for-profit rental housing.

NOW THEREFORE the Board of the Greater Vancouver Sewerage and Drainage District, in open meeting assembled, enacts as follows:  

1.0 CITATION 1.1 The official citation for this Bylaw is the “Greater Vancouver Sewerage and Drainage District

Development Cost Charge Waiver for Affordable Housing Bylaw, No. 314, 2018”. 2.0 INTERPRETATION 2.1 Definitions. In this Bylaw:

(a) “Apartment Dwelling Unit” means a Dwelling Unit in a building or structure that consists or may consist of two or more storeys and contains or may contain four or more Dwelling Units, whereby the building or structure has a principal exterior entrance used in common for access to the Dwelling Units. Apartment Dwelling Unit does not include Dwelling Units that are Townhouse Dwelling Units;

(b) “BC Housing” means the British Columbia Housing Management Commission; (c) “Building Permit” means any permit required by a Member Municipality that

authorizes the construction, alteration or extension of a building or structure;

(d) “CMHC” means Canada Mortgage and Housing Corporation;

ATTACHMENT



25302921 Page 2 of 7

(e) “Combination Development” means any Development that comprises two or more of the following uses:

(i) Apartment Dwelling Unit; (ii) Residential Dwelling Unit; (iii) Townhouse Dwelling Unit; and (iv) Non-Residential Use;

(f) “Development” means:

(i) a Subdivision; or (ii) the construction, alteration or extension of a building or structure for

which a Building Permit is obtained;

(g) “Development Cost Charge” means a development cost charge payable by a registered owner to a Member Municipality on behalf of GVS&DD, pursuant to the Greater Vancouver Sewerage and Drainage District Development Cost Charge Bylaw No. 254, 2010;

(h) “Dwelling Unit” means one or more rooms comprising a self-contained unit that is used or intended to be used for living and sleeping purposes and for which are provided cooking facilities, or the facilities for installation of cooking facilities, and one or more bathrooms having a sink or wash-basin, a water closet, and a shower or bath;

(i) “Effective Date” means the date this Bylaw comes into force and takes effect;

(j) “Eligibility Criteria” means criteria established by a Not-for-Profit Society, BC

Housing, CMHC, a Non-Profit Municipal Housing Corporation or a Registered Charity or any authorized designate of the foregoing entities, used to determine eligibility of a person to occupy a dwelling unit within a Not-for-Profit Rental Housing development;

(k) “GVS&DD” means the Greater Vancouver Sewerage and Drainage District; (l) “Group Home” means staffed residential housing for those with a level of disability

that requires continual assistance to complete daily tasks of living (such as taking medication, dressing or bathing);

(m) “Member Municipality” means a municipality that is a member of the GVS&DD; (n) “Non-Residential Use” means any building or structure or any portion of any building

or structure that is not Apartment Dwelling Unit, Residential Dwelling Unit or Townhouse Dwelling Unity but for greater certainty, does not include any portion of any Residential Use building or structure that is not part of a Dwelling Unit and is used or is intended to be used solely for the purpose of gaining access to and from Dwelling



25302921 Page 3 of 7

Units, solely for the maintenance of the building or structure or solely by the occupants of the Dwelling Units in the building or structure;

(o) “Not-for-Profit Rental Housing” means Residential Use Development, Combination

Development or Supportive Living Housing comprising housing that is:   (i) Owned, leased or otherwise held by a Not-for-Profit Society, BC Housing,

CMHC, a Non-Profit Municipal Housing Corporation or a Registered Charity;

(ii) Operated as rental housing for people who meet Eligibility Criteria; and (iii) Governed by the terms of an agreement and/or covenant with the

Province of British Columbia, BC Housing, CMHC or a municipality regarding the operation of the housing and stipulating how the Dwelling Units will be occupied and managed;

but not including: (i) a community care facility under the Community Care and Assisted Living

Act, SBC 2002, c. 75;   (ii) a continuing care facility under the Continuing Care Act, RSBC 1996, c. 70; (iii) a public or private hospital under the Hospital Act, RSBC 1996, c. 200;   (iv) a Provincial mental health facility, an observation unit or a psychiatric unit

designated under the Mental Health Act, RSBC 1996, c. 288; or   (v) a housing based health facility that provides hospitality support services

and personal health care;

(p) “Not-for-Profit Society” means a society registered under the Societies Act, SBC 2015, c. 18, in respect of which:

(i) The society’s bylaws or constitution’s stated purpose is to provide affordable housing for low (or low and moderate) income households, or another similar purpose consistent with the type of services being provided;

(ii) The society’s bylaws provide that the society’s directors may not be remunerated in any capacity, nor may the directors serve as employees;

(iii) The society’s bylaws provide that upon dissolution or wind up of the society, the society’s assets will be disposed to an organization(s) with a similar not-for-profit purpose of providing affordable housing;

(iv) Items addressed in subsections (i), (ii) and (iii) must be unalterable or otherwise restricted in accordance with the applicable legislation or regulation, or require the prior written consent of GVS&DD to alter; and

(v) The society’s rules of conduct must be in accordance with the society’s purposes and applicable legislation;

(q) “Non-Profit Municipal Housing Corporation” means a non-profit housing corporation established at the initiative of a municipality or regional district;



25302921 Page 4 of 7

(r) “On-Site Support Services” means services to support independent daily living that are physically offered in the building’s office or common areas, and include but are not limited to:

(i) Health and mental health services; (ii) Health and community support referrals; (iii) Addiction services; (iv) Employment and education services; (v) Job and life skills training; (vi) Assistance with meal preparation or housekeeping; and (vii) Counselling and outreach services; but not including personal continual assistance services such as bathing, dressing or medication assistance, as offered in a Group Home;

(s) “Registered Charity” means a charitable foundation or a charitable organization as defined in the Income Tax Act, R.S.C. 1985, c. 1;

(i) The registered charity’s bylaws or constitution’s stated purpose is to provide affordable housing for low (or low and moderate) income households, or another similar purpose consistent with the type of services being provided;

(ii) The registered charity’s bylaws provide that the society’s directors may not be remunerated in any capacity, nor may the directors serve as employees;

(iii) The registered charity’s bylaws provide that upon dissolution or wind up of the society, the society’s assets will be disposed to an organization(s) with a similar charitable purpose;

(iv) Items addressed in subsections (i), (ii) and (iii) must be unalterable or otherwise restricted in accordance with the applicable legislation or regulation, or require the prior written consent of GVS&DD to alter; and

(v) The registered charity’s rules of conduct must be in accordance with the charity’s purposes and applicable legislation;

(t) “Rent” means money paid or agreed to be paid, or value or a right given or agreed to be given, by or on behalf of a tenant to a landlord in return for the right to rent a Dwelling Unit, for the use of common areas and for services or facilities and includes any and all strata fees, regardless of whether such fees are paid directly to the landlord, but does not include any of the following:

(i) a security deposit; (ii) a pet damage deposit; (iii) a fee prescribed under section 97 (2) (k) of the Residential Tenancy Act,

SBC 2002, c. 78;



25302921 Page 5 of 7

(u) “Residential Dwelling Unit” means a Dwelling Unit in a building or structure that contains or may contain up to three Dwelling Units;

(v) “Residential Use” means Apartment Dwelling Unit, Residential Dwelling Unit, Townhouse Dwelling Unit and Townhouse Dwelling Unit;

(w) “Sewerage Area” means any of the GVS&DD’s four sewerage areas, being the

Vancouver Sewerage Area, the North Shore Sewerage Area, the Lulu Island West Sewerage Area and the Fraser Sewerage Area;

(x) “Subdivision” includes a division of land into two or more Parcels, whether by plan,

apt descriptive words or otherwise under the Land Title Act, RSBC 1996, c. 250 or the Strata Property Act, SBC 1998, c. 43, the consolidation of two or more Parcels of land, and phased strata plans;

(y) “Supportive Living Housing” means housing, not including a Group Home, that

integrates Dwelling Units for persons who were previously homeless or who are at risk of homelessness, who may also

(i) have a mental illness; (ii) have or be recovering from drug or alcohol addictions; or (iii) experience other barriers to housing;

with On-Site Support Services that are available to the residents of the Dwelling Units, where occupancy is not restricted to less than 90 days;

(z) “Townhouse Dwelling Unit” means a Dwelling Unit in a building or structure that contains or may contain four or more Dwelling Units, whereby each Dwelling Unit has a direct exterior entrance.

2.2 Same Meaning. Terms defined in the Greater Vancouver Sewerage and Drainage District

Development Cost Charge Bylaw No. 254, 2010, or incorporated by reference into that Bylaw have the same meaning in this Bylaw.

2.3 References to an Enactment Include Its Amendments. References in this Bylaw to an enactment include the enactment as it may be amended or replaced from time to time.



25302921 Page 6 of 7

3.0 WAIVER OF DEVELOPMENT COST CHARGES

3.1 Waiver of Development Cost Charges for Eligible Development. Notwithstanding section 4.1 of the Greater Vancouver Sewerage and Drainage District Development Cost Charge Bylaw, Bylaw No. 254, 2010, and subject to section 3.2 of this Bylaw, the GVS&DD will, for the following eligible development, waive or refund to the applicable Member Municipality on behalf of the registered owner, Development Cost Charges that are otherwise payable: (a) All Dwelling Units within a Not-for-Profit Rental Housing Development, if at least

thirty percent of the Dwelling Units are to be occupied by households with incomes at or below housing income limits for the corresponding size of housing unit, as set out in the current “Housing Income Limits” (HILs) table published by the BC Housing, or equivalent publication; or

(b) Only those Dwelling Units within a Not-for-Profit Rental Housing Development that are to be occupied by households with incomes at or below housing income limits for the corresponding size of housing unit, as set out in the current HILs table, or equivalent publication, if less than thirty percent of all of the Dwelling Units are to be occupied by such households.

3.2 No waiver or refund pursuant to section 3.1 shall be granted unless a registered owner’s

application for a waiver of Development Cost Charges in respect of Dwelling Units in a Not-for-Profit Rental Housing Development has been submitted to, and approved by the GVS&DD as fulfilling all of this Bylaw’s eligibility requirements and conditions for a waiver or refund of Development Cost Charges.

4.0 RECORD KEEPING AND REPORTING

4.1 Statements. Each Member Municipality must provide statements to GVS&DD, in respect of

each Sewerage Area within the Member Municipality, for every 12-month period comprising January 1 to December 31, and this will include:  

(i) the registered owner or lessee; and (ii) number and type of use

of all Dwelling Units (calculated in accordance with the Rate Schedules set out in the Greater Vancouver Sewerage and Drainage District Development Cost Charge Bylaw, No. 254, 2010) in respect of which building permits were required where Development Cost Charges were waived under this Bylaw.

4.2 Reports. GVS&DD staff will report annually to the GVS&DD Board of Directors, and any time upon the request of the Board, the number and cost of GVS&DD Development Cost Charge waivers or reductions granted under this Bylaw.



25302921 Page 7 of 7

READ A FIRST, SECOND, AND THIRD TIME this __________ day of _____________________, 2018.

PASSED, AND FINALLY ADOPTED this __________ day of _____________________, 2018.

_________________________________

Greg Moore, Chair

_________________________________

Chris Plagnol, Corporate Officer


To: Finance and Intergovernment Committee From: Regional Planning Committee, Housing Committee and Utilities Committee Date: May 17, 2018 Meeting Date: May 18, 2018 Subject: GVS&DD Development Cost Charge Waiver for Affordable Housing Bylaw No. 314

On May 4, 2018 the Housing and Regional Planning Committees considered the report dated April 20, 2018 titled “GVS&DD Affordable Housing DCC Waiver Bylaw”. The Utilities Committee considered this same report at its meeting of May 17, 2018. At the Regional Planning Committee meeting, members requested that it be acknowledged that municipalities without DCC waiver bylaws are utilizing a variety of tools to incentivize affordable housing. Metro Vancouver works with member jurisdictions to inventory these tools, and a 2018 version of the Municipal Measures for Affordable Housing Matrix will be presented to the Housing Committee and MVRD Board in June 2018. The Housing, Regional Planning, and Utilities Committees each passed a resolution endorsing the GVS&DD to establish a waiver of Development Cost Charges for affordable housing bylaw as presented in the report. This matter is being considered by the Finance and Intergovernment Committee at its meeting of May 18, 2018. 25292573

Finance and Intergovernment Committee On Table Item 5.2 ATTACHMENT 2


25178905

To: Finance and Intergovernment Committee From: Phil Trotzuk, Chief Financial Officer/General Manager, Financial Services Date: May 10, 2018 Meeting Date: May 18, 2018 Subject: 2017 Statement of Financial Information RECOMMENDATION That the MVRD Board approve the Statement of Financial Information for the year ended December 31, 2017. PURPOSE To present for approval the 2017 Statement of Financial Information (SOFI) as part of the reporting requirements of the Financial Information Act. BACKGROUND The Financial Information Act is provincial legislation that requires local governments to prepare the following statements and schedules annually:

• statement of assets and liabilities; • statement of operations; • schedule of debt; • schedule of guarantee and indemnity agreements; • schedule showing remuneration and expenses paid to or on behalf of each employee that

exceeds $75,000 and amounts paid to or on behalf of elected officials; and • schedule showing the payments for each supplier of goods or services that exceeds $25,000.

This report is being brought forward to comply with the requirements of the Financial Information Act. SUPPLEMENTARY INFORMATION SCHEDULES The 2017 annual audited financial statements, which were approved by the Board on April 27, 2018, satisfies the first three requirements of the SOFI reports. The remaining three requirements are met by schedules 1 to 7 included in the attachment to this report. Schedules 1 to 4 presents the remuneration and expenses paid to or on behalf of directors, committee members, employees and any severance payments as well as a reconciliation of these amounts to the financial statements. Expenses included are those incurred while conducting Metro Vancouver business. Schedules 5 to 7 reports the payments made to suppliers in Canadian or US dollars as well as a reconciliation of the payments to the financial statements.

5.3


2017 Statement of Financial Information Finance and Intergovernment Committee Regular Meeting Date: May 18, 2018

Page 2 of 2

ALTERNATIVES This report completes a statutory requirement, no alternatives are presented. FINANCIAL IMPLICATIONS This report provides details of 2017 results based on statutory requirement, there are no further financial implications. SUMMARY / CONCLUSION The 2017 annual audited financial statements were approved by the Board on April 27, 2018. Schedules 1 to 7 in the attachment to this report provides the additional information required under the Financial Information Act. Approval concludes the legislated requirements. Once approved, the Financial Information Act filing information is available for viewing by the public and anyone can acquire a hard copy of the information from the Finance Services Department for a fee of $5.001. Attachment Statement of Financial Information for the Year Ended December 31, 2017, dated May 2018 (Doc #25267939) 25178905

1 The fee is prescribed by provincial regulation.


METRO VANCOUVER FINANCIAL INFORMATION ACT FILING

STATEMENT OF FINANCIAL INFORMATION FOR THE YEAR ENDED DECEMBER 31, 2017

May 2018

THIS STATEMENT OF FINANCIAL INFORMATION INCLUDES THE ACCOUNTS OF:

METRO VANCOUVER REGIONAL DISTRICT GREATER VANCOUVER WATER DISTRICT GREATER VANCOUVER SEWERAGE AND DRAINAGE DISTRICT METRO VANCOUVER HOUSING CORPORATION


wchanText BoxATTACHMENT

Metro Vancouver Regional District Greater Vancouver Water District

Greater Vancouver Sewerage & Drainage District Metro Vancouver Housing Corporation

2017 STATEMENT OF FINANCIAL INFORMATION APPROVAL

The undersigned, as authorized by the Financial Information Regu lation,

Schedule 1, subsection 9(2), approves all the statements and schedules included

in this 2017 Statement of Financial Information, produced under the Financial

Information Act.

Phil Trotzuk, Chief Financial Officer May 1, 2018

Prepared pursuant to the Financial Information Regulation, Schedule 1, section 9


STATEMENT OF FINANCIAL INFORMATION For the Year Ended December 31, 2017

INDEX

1) Statement of Assets and Liabilities ................................................................... See Financial Statements

2) Operational Statements .................................................................................... See Financial Statements

3) Schedule of Debt ............................................................................................... See Financial Statements

4) Schedule of Guarantee and Indemnity Agreements ......................................... None

5) Schedule of Remuneration and Expenses

Members of the Board of Directors And Elected Officials ...................................................................................... Schedule 1

Employees ...................................................................................................... Schedule 2

Reconciliation of Remuneration and Expenses To Financial Statements ................................................................................. Schedule 3

Statement of Severance Agreements ............................................................ Schedule 4

6) Schedule of Payments to Suppliers for Goods and Services

Payments to Canadian Suppliers ($CDN) ....................................................... Schedule 5

Payments to U.S. Suppliers ($US) .................................................................. Schedule 6

Reconciliation of Payments for Goods and Services to Financial Statement ..................................................................... Schedule 7


Schedule 1

Page 1 of 4

SCHEDULE OF REMUNERATION AND EXPENSES

For the year ended December 31, 2017

Members of the Board of Directors and Elected Officials

Name Position*

Base

Salary

Total

Expenses

Affleck,George Board Member (Alternate) 752$ 5$

Albrecht,Paul Council of Councils 376 -

Arnason,Petrina Council of Councils 752 -

Arnold,Jack Council of Councils 376 -

Asmundson,Brent Board Member (Alternate) 376 5

Back,Holly Council of Councils 752 -

Bain,Fred Council of Councils 752 -

Baldwin,Wayne Board Member 16,374 2,441

Ball,Elizabeth Board Member (Alternate) 2,256 30

Bassam,Roger Council of Councils 2,256 15

Becker,John Board Member 13,100 4,153

Bell,Bruce Council of Councils 1,128 5

Bell,Don Board Member (Alternate) 1,128 -

Blue,Sandra Board Member 2,632 30

Bond,Mathew Council of Councils 376 -

Booth,Mary-Ann Board Member (Alternate) 3,008 20

Braun,Henry Board Member 3,008 40

Brodie,Malcolm Board Member 26,323 11,891

Buchanan,Linda Committee Member 2,632 15

Buhr,Karl Board Member 9,024 100

Calendino,Pietro Board Member (Alternate) 1,504 -

Cameron,Craig Council of Councils 2,256 -

Campbell,Robert Board Member (Alternate) 376 -

Carr,Adriane Board Member 4,888 165

Cassidy,Christine Council of Councils 1,837 -

Chesney,David Council of Councils 752 -

Clark,Roderick Council of Councils 752 -

Clay,Michael Board Member 21,059 1,542

Corrigan,Derek Board Member 21,811 -

Cote,Jonathan Board Member 20,680 3,881

Day,Carol Council of Councils 376 -

De Genova,Ila Board Member (Alternate) 1,128 -

Deal,Heather Board Member 23,691 4,640

Dhaliwal,Satvinder Board Member 10,904 -

Dilworth,Diana Committee Member 752 -

Dingwall,William Council of Councils 752 -

Drake,Bruce Board Member (Alternate) 3,760 119

Drew,Ralph Board Member 4,888 50

* "Committee Member" refers to elected officials who sit on Metro Vancouver Standing CommitteesFinance and Intergovernment Committee

Schedule 1

Page 2 of 4




Name Position*

Base

Salary

Total

Expenses

Duncan,Kiersten Council of Councils 376 -

Dupont,Laura Committee Member 3,760 -

Elkerton,Janis Board Member (Alternate) 5,264 55

Fast,Sue Ellen Council of Councils 752 -

Fathers,Helen Council of Councils 376 -

Forrest,Michael Council of Councils 376 -

Fox,Charlie Board Member 19,928 6,393

Froese,Jack Board Member (Alternate) 8,272 3,654

Froese,Ryan Council of Councils 752 -

Gambioli,Nora Committee Member 3,760 45

Gill,Tom Board Member 11,656 115

Glover,Jennifer Council of Councils 752 -

Goosen,Alexa Council of Councils 752 -

Hanson,James Committee Member 1,504 -

Harper,Bill Council of Councils 752 -

Harris,Maria Board Member 24,788 -

Hayne,Bruce Board Member 7,896 180

Hepner,Linda Board Member 3,760 25

Hicks,Robin Committee Member 4,888 -

Hodge,Craig Board Member 19,928 8,292

Holmes,William Board Member (Alternate) 752 -

Jackson,Lois Board Member 13,912 150

Jang,Kerry Board Member 4,136 -

Johnston,Dan Board Member (Alternate) 2,256 123

Johnston,Ken Council of Councils 376 -

Johnstone,Patrick Committee Member 4,512 -

Jordan,Colleen Board Member 13,155 -

Kanakos,Jeannie Council of Councils 376 -

King,Heather Council of Councils 752 -

Lambur,Peter Council of Councils 752 -

Lawrence,William Board Member (Alternate) 376 -

LeFranc,Vera Board Member (Alternate) 1,880 -

Long,Bob Board Member 23,312 7,404

Louie,Raymond Board Vice Chair 43,884 9,215

MacKay-Dunn,Douglas Board Member (Alternate) 3,760 167

Marsden,Dennis Council of Councils 752 -

Martin,Gayle Board Member (Alternate) 2,256 15

Martin,Mary Board Member (Alternate) 376 -


Schedule 1

Page 3 of 4




Name Position*

Base

Salary

Total

Expenses

Mason,Melanie Council of Councils 376 -

Masse,Robert Committee Member 4,136 -

McDonald,Bruce Board Member 4,512 40

McDonell,Paul Board Member (Alternate) 752 -

McEvoy,Jaimie Council of Councils 752 -

McEwen,John Board Member 15,792 4,111

McLaughlin,Ronald Board Member (Alternate) 1,504 10

McNulty,William Board Member (Alternate) 3,760 40

McPhail,Linda Board Member (Alternate) 1,504 10

Meggs,Geoffrey Council of Councils 4,136 45

Miyashita,Tracy Council of Councils 752 -

Moore,Greg Board Chair 80,623 18,952

Morse,Alison Council of Councils 376 -

Muri,Lisa Committee Member 4,512 40

Murray,David Council of Councils 1,128 80

Mussatto,Darrell Board Member 29,702 3,617

Nicholson,Maureen Board Member 8,272 90

O'Neill,Terence Board Member (Alternate) 3,008 30

Pachal,Nathan Council of Councils 752 -

Paton,Ian Committee Member 1,504 15

Penner,Darrell Board Member (Alternate) 7,520 40

Pollock,Glenn Council of Councils 376 -

Puchmayr,Charles Council of Councils 752 -

Quaale,Angela Council of Councils 752 -

Read,Nicole Board Member 9,774 -

Reid,Mae Committee Member 2,256 93

Reimer,Andrea Board Member 13,160 850

Robertson,Gregor Board Member 8,275 -

Ross,Jamie Council of Councils 752 -

Royer,Zoe Council of Councils 752 -

Schaffer,Ted Committee Member 3,760 35

Shymkiw,Tyler Board Member (Alternate) 2,632 81

Skeels,Murray Committee Member 752 -

Smith,Michael Board Member 11,656 120

Soprovich,William Council of Councils 752 -

Sparrow,Michelle Board Member (Alternate) 752 -

Speirs,Craig Committee Member 4,512 -

Starchuk,Michael Board Member (Alternate) 1,504 10


Schedule 1

Page 4 of 4




Name Position*

Base

Salary

Total

Expenses

Stark,Michael Council of Councils 752 -

Steele,Barbara Board Member 20,683 750

Stevenson,Tim Board Member 13,912 270

Steves,Harold Board Member 18,043 -

Stewart,Richard Board Member 28,955 3,512

Storteboom,Rudolph Board Member 12,784 2,310

Thiele,Ann-Marie Council of Councils 752 -

Towner,Teresa Council of Councils 752 -

Trentadue,Mary Council of Councils 752 -

van den Broek,Valaria Council of Councils 752 -

Villeneuve,Judy Board Member 20,307 5,810

Walton,Richard Board Member 12,035 85

Wang,James Council of Councils 376 -

Washington,Dean Committee Member 752 -

Weverink,Paul Council of Councils 752 -

Williams,Bryce Board Member 7,144 70

Williams,Lorrie Board Member (Alternate) 376 -

Wilson,Chris Council of Councils 1,128 -

Woods,David Board Member 11,280 5,578

Zarrillo,Bonita Committee Member 2,256 125

TOTAL 840,505$ 111,799$


Schedule 2

Page 1 of 24



Employees

Name

Base Salary Payments

(1)

Taxable Benefits and

Other (2) Expenses (3)

Abraham,Thomas 83,363$ 18,624$ 790

Abu Bakar,Ari 116,483 9,716 -

Adamoski,David 78,831 1,404 4,877

Adey,Maria 89,066 7,294 1,038

Agecoutay,Brian 79,339 25,538 -

Agecoutay,Liz 65,736 15,218 143

Agnew,Anna 79,750 20,822 2,741

Ainsley,Darryl 131,141 8,866