|
3. 2006 BUDGETS AND SPECIAL LEVIES FOR BUSINESS IMPROVEMENT AREAS AND
SPARKS STREET MALL AUTHORITY
|
COMMITTEE
RECOMMENDATIONS
That Council
approve:
1. The 2006 Budgets, as presented in
document 1, for the following agencies:
a.
By Ward Market BIA
b.
Preston Street BIA
c.
Sparks Street BIA
d.
Sparks Street Mall Authority
e.
Bank Street BIA
f.
Somerset Village BIA
g.
Somerset Street Chinatown BIA
h.
Westboro Village BIA
i.
Downtown Rideau BIA
j.
Vanier BIA
k.
Manotick BIA
l.
Carp BIA
m.
Barrhaven BIA
2. The 2006 Business Improvement Area Special Levies and the
Sparks Street Mall Authority Metre–front charge, as presented in document 2 and
3.
RECOMMENDATIONS
DU COMITÉ
Que le Conseil municipal approuve :
1.
Les budgets de 2006 tels que
présentés dans le document no 1, pour les organismes suivants :
a.
ZAC du marché By
b.
ZAC de la rue Preston
c.
ZAC de la rue Sparks
d.
Administration du mail de la
rue Sparks
e.
ZAC de la rue Bank
f.
ZAC du village de Somerset
g.
ZAC de la rue Somerset
Chinatown
h.
ZAC du village de Westboro
i.
ZAC de la rue Rideau
(centre-ville)
j.
ZAC de Vanier
k.
ZAC de Manotick
l.
ZAC de Carp
m.
ZAC de Barrhaven
2. Les prélèvements spéciaux de 2006 visant les zones d’amélioration commerciale, ainsi que la taxe sur le mètre de façade visant l’administration du mail de la rue Sparks, tels que présentés dans les documents nos 2 et 3.
DOCUMENTATION
1.
Chief Corporate Services Officer’s report dated
25 April 2006
(ACS2006-CRS-FIN-0019).
Report to/Rapport
au :
Corporate
Services and Economic Development Committee
Comité des services organisationnels et du développement économique
and Council / et au Conseil
25 April 2006 / le 25 avril
2006
Submitted by/Soumis par : Greg
Geddes, Chief Corporate Services Officer/
Contact Person/Personne ressource : Marian Simulik,
Acting Director, Financial Services and City Treasurer/Directrice des services
financiers et Trésorière municipale par intérim
Financial
Services/Services financiers
(613)
580-2424 x 14159, Marian.Simulik@ottawa.ca
|
Ref N° ACS2005-CRS-FIN-0019 |
REPORT
RECOMMENDATIONS
That Corporate Services and
Economic Development recommend Council approve:
1. The 2006 Budgets, as presented in
document 1, for the following agencies:
a. By Ward Market BIA
b. Preston Street BIA
c. Sparks Street BIA
d. Sparks Street Mall Authority
e. Bank Street BIA
f. Somerset Village BIA
g. Somerset Street Chinatown BIA
h. Westboro Village BIA
i. Downtown Rideau BIA
j. Vanier BIA
k. Manotick BIA
l. Carp BIA
m. Barrhaven BIA
2. The 2006 Business
Improvement Area Special Levies and the Sparks Street Mall Authority Metre–front
charge, as presented in document 2 and 3.
RECOMMANDATIONS DU RAPPORT
Que le Comité des services organisationnels et du développement économique
recommande au Conseil municipal d’approuver :
1. Les budgets de 2006 tels que présentés dans le document no 1, pour les organismes suivants :
n.
ZAC du marché By
o.
ZAC de la rue Preston
p.
ZAC de la rue Sparks
q.
Administration du mail de la
rue Sparks
r.
ZAC de la rue Bank
s.
ZAC du village de Somerset
t.
ZAC de la rue Somerset
Chinatown
u.
ZAC du village de Westboro
v.
ZAC de la rue Rideau
(centre-ville)
w.
ZAC de Vanier
x.
ZAC de Manotick
y.
ZAC de Carp
z.
ZAC de Barrhaven
2. Les prélèvements spéciaux
de 2006 visant les zones d’amélioration commerciale, ainsi que la taxe sur le
mètre de façade visant l’administration du mail de la rue Sparks, tels que
présentés dans les documents nos 2 et 3.
BACKGROUND
The 2006 spending estimates
are being submitted for the City’s Business Improvement Areas (BIAs) and Mall
Authority for the approval of City Council.
As indicated in Document 1,
the levy requirements contained in this submission are projected based on each
BIAs planned expenditures for 2006, and the surplus carried forward from
2005. BIAs have been informed of their
surplus and their budget has been adjusted accordingly.
The Municipal Act requires
that City Council approve the annual budgets and tax rates for all BIAs and
Mall Authorities.
This submission and the
corresponding by-laws constitute the approval required for the 2006 BIA Budgets
and Tax Rates. There are a maximum of
13 property classes that would be subject to a BIA levy in the City of
Ottawa. A rate has been assigned to
each property class even if there are currently no properties assessed in the
class in order to ensure that if assessment moves into these classes, either
through an appeal or on a supplementary roll, a rate of taxation will
exist. The 2006 BIA levy requirements
have been computed with reference to the 2006 assessment roll, the 2006 BIA
budgets and the final 2005 surplus for each BIA
As part of the Rideau Street
Redevelopment Project, on October 30, 1992, the Ontario Municipal Board imposed
a cap of the Rideau BIAs levy. The cap
is equal to the 1992 base levy of $490,566 plus an annual increase not to
exceed the increase in the Consumer Price Index (CPI) for Ottawa-Carleton as
published by Statistics Canada. This
restriction was passed to limit the tax burden on property owners. Downtown Rideau BIA has requested a levy of
$654,200. This does not exceed the cap.
The operations of the Sparks
Street Mall Authority are funded by way of special metre-frontage charge
imposed on properties fronting on a special area of the mall. The area is
defined and individual properties are listed with their frontage and charge in
the attached by-law.
BIA levies are charged to owners who may apportion it back to their tenants based on a formula prescribed by legislation.
On February 22, 2002,
Council received an information report relating to a pilot project of financial
independence for the Westboro BIA. This
pilot was and is available to all BIAs.
The pilot project for Westboro is now complete and financial
responsibility has been transferred back to the City effective January 1, 2006.
The Somerset Street
Chinatown BIA board of Management has requested and received financial
responsibility effective October 4, 2005.
Somerset Village and Carp
BIAs had not submitted their 2006 budgets at the time this report was
written. The 2006 tax rate requirement
and budgets have been shown at the same amount as in 2005.
Public Works and Government
Services Canada PWGSC have paid the BIA levy as a payment in lieu of taxes
under the Payments In Lieu of Taxes (PIL) Act in prior years and will continue
to review these payments on a yearly basis.
Rates have been calculated
using the assumption that PILs will be paid at the rate equivalent to the BIA
levy with the exception of the expanded By Ward BIA
By Ward BIA has chosen not
to budget for PIL revenue for the following properties (U.S. Embassy, National
Art Gallery, Royal Canadian Mint, War Museum and Connaught Building). These properties are within the area added
to the BIA effective January 1, 2001.
The City of Ottawa uses the
Assessment Act, section 27 as authority to charge PILs on City owned parking
lots.
The Barrhaven BIA was
created effective January 1, 2006, and their budget and rates have been
included in this report. The Barrhaven
Board of Management has in accordance with the Municipal Act, Section 208(3)
Minimum and Maximum charges, approved a minimum rate of $250 and a maximum rate
of $2,000.
The by-laws for these charges will be on the Council agenda of May 10, 2006, in order to meet the billing timelines.
CONSULTATION
The BIAs, Mall Authority and
PWGSC have been consulted and are aware of the contents of this submission.
FINANCIAL IMPLICATIONS
The submission of BIA
budgets, BIA and Mall Authority levy requirements and tax rates has no
financial impact on the City. The BIAs
are funded through a levy on all ratable property in the area that is in a
prescribed business property class. The
Mall Authority is funded through a levy - based on metre-frontage on Sparks
Street Mall. These special levies are
collected by the City on behalf of the outside agencies.
SUPPORTING DOCUMENTATION
Document 1 Summary of BIAs
and Mall Authority Budgets (Page 5)
Document 2 BIAs
Special Charge Rates (Pages 6-10)
Document 3 Sparks Street Mall Authority – Computation of the Special Levy 2006 and the per metre charge (Pages 11)
DISPOSITION
Originating Department will
use rates to issue tax bills and input the approved budget on the Financial
Statements.
The Legal Services
Branch to prepare and present the appropriate By-Laws for approval by Council
on May 10, 2006 .
|
SUMMARY OF BUSINESS
IMPROVEMENT AREAS AND MALL AUTHORITY |
Document 1 |
|
||||||||||||
|
2006 BUDGETS AS
SUBMITTED |
|
|
|
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Byward |
Preston |
Sparks |
Sparks |
Bank |
Somerset |
Somerset |
Westboro |
|
|
|
|
|
|
|
|
Market |
Street |
Street |
St. Mall |
Street |
Village |
Heights |
Village |
Rideau |
Carp |
Vanier |
Manotick |
Barrhaven |
|
|
EXPENDITURES |
BIA |
BIA |
BIA |
Authority |
BIA |
BIA |
BIA |
BIA |
BIA |
B.I.A |
B.I.A |
B.I.A |
B.I.A |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administration |
133,000 |
68,360 |
76,662 |
76,662 |
107,760 |
18,800 |
45,200 |
138,600 |
213,742 |
16,888 |
71,695 |
52,280 |
47,000 |
|
|
Promotions/Maintenance |
146,000 |
180,805 |
267,604 |
342,380 |
302,968 |
|
79,800 |
103,400 |
257,850 |
|
193,500 |
122,360 |
28,000 |
|
|
Debt
Service |
|
|
|
|
|
|
|
15,500 |
291,740 |
|
|
|
|
|
|
Funding
advances |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unallocated
Surplus |
178,200 |
140,334 |
38,877 |
6,049 |
531,978 |
11,762 |
|
|
|
|
23,894 |
2,860 |
|
|
|
TOTAL EXPENDITURES |
457,200 |
389,499 |
383,143 |
425,091 |
942,706 |
30,562 |
125,000 |
257,500 |
763,332 |
16,888 |
289,089 |
177,500 |
75,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SOURCES OF FINANCING |
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Contribution
From Reserve |
|
|
|
|
|
|
|
|
48,466 |
|
|
|
|
|
|
Misc.
Revenues |
|
|
|
70,000 |
95,766 |
|
|
|
9,000 |
|
|
|
|
|
|
2006
Proposed Levy |
240,500 |
249,165 |
177,604 |
308,000 |
466,497 |
8,000 |
138,863 |
300,000 |
637,500 |
13,200 |
265,195 |
154,000 |
75,000 |
|
|
Vacancy
Rebate |
-2,000 |
|
-1,000 |
|
|
-500 |
|
|
-5,000 |
|
|
-1,500 |
|
|
|
Tax
Remissions |
-8,000 |
|
-8,000 |
|
-7,000 |
|
-15,000 |
-2,500 |
-20,000 |
-300 |
|
|
|
|
|
Supplemental
Tax Bills |
|
|
|
|
7,000 |
|
|
|
|
|
|
|
|
|
|
Contribution
From Reserve |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2006
Proposed Payment in |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lieu of Levy |
|
|
159,344 |
|
16,014 |
1,800 |
1137 |
|
16,700 |
|
|
|
|
|
|
2005
Projected Carryforward |
226,700 |
140,334 |
55,195 |
47,091 |
364,429 |
21,262 |
|
-40,000 |
76,666 |
3,988 |
23,894 |
25,000 |
|
|
|
TOTAL REVENUE |
457,200 |
389,499 |
383,143 |
425,091 |
942,706 |
30,562 |
125,000 |
257,500 |
763,332 |
16,888 |
289,089 |
177,500 |
75,000 |
|
|
|
BIA RATES -
YEAR 2006 |
|
|
Document 2 |
|
Business Improvement Area |
Prescribed Class |
Rateable Assessment in Prescribed Class |
Special Charge Rate |
Total Special Charge |
|
BANK
ST |
Commercial Taxable: Full |
141,262,940 |
0.000505 |
$71,338 |
|
|
Office Building Taxable:
Full |
639,161,305 |
0.000610 |
$389,888 |
|
|
Shopping Centre Taxable: |
0 |
0.000420 |
$0 |
|
|
Industrial Taxable: Full |
3,391,435 |
0.000639 |
$2,167 |
|
|
Large Industrial Taxable:
Full |
0 |
0.000548 |
$0 |
|
|
Parking Lot Taxable: Full
(No Support) |
8,031,000 |
0.000331 |
$2,658 |
|
|
Commercial Taxable: Vacant
Unit/Excess Land |
0 |
0.000353 |
$0 |
|
|
Office Building Taxable:
Vacant Unit/Excess Land |
0 |
0.000427 |
$0 |
|
|
Shopping Centre Taxable:
Vacant Unit/Excess Land |
0 |
0.000294 |
$0 |
|
|
Industrial Taxable: Vacant
Unit/Excess Land |
0 |
0.000415 |
$0 |
|
|
Large Industrial Taxable:
Vacant Unit/Excess Land |
0 |
0.000356 |
$0 |
|
|
Commercial Taxable: Vacant
Land |
3,607,000 |
0.000331 |
$1,194 |
|
|
Industrial Taxable: Vacant
Land |
0 |
0.000413 |
$0 |
|
|
Total 2006 CVA |
795,453,680 |
|
$467,245
|
|
SOMERSET VILLAGE |
Commercial Taxable: Full |
6,781,430 |
0.000981 |
$6,653 |
|
|
Office Building Taxable:
Full |
1,003,000 |
0.001185 |
$1,189 |
|
|
Shopping Centre Taxable: |
0 |
0.000816 |
$0 |
|
|
Industrial Taxable: Full |
0 |
0.001241 |
$0 |
|
|
Large Industrial Taxable:
Full |
0 |
0.001066 |
$0 |
|
|
Parking Lot Taxable: Full
(No Support) |
488,000 |
0.000643 |
$314 |
|
|
Commercial Taxable: Vacant
Unit/Excess Land |
0 |
0.000687 |
$0 |
|
|
Office Building Taxable:
Vacant Unit/Excess Land |
0 |
0.000829 |
$0 |
|
|
Shopping Centre Taxable:
Vacant Unit/Excess Land |
0 |
0.000571 |
$0 |
|
|
Industrial Taxable: Vacant
Unit/Excess Land |
0 |
0.000807 |
$0 |
|
|
Large Industrial Taxable:
Vacant Unit/Excess Land |
0 |
0.000693 |
$0 |
|
|
Commercial Taxable: Vacant
Land |
0 |
0.000643 |
$0 |
|
|
Industrial Taxable: Vacant
Land |
0 |
0.000804 |
$0 |
|
|
Total 2006 CVA |
8,272,430 |
|
$8,155 |
|
SPARKS STREET MALL |
Commercial Taxable: Full |
55,385,988 |
0.000661 |
$36,610 |
|
|
Office Building Taxable:
Full |
168,233,143 |
0.000799 |
$134,418 |
|
|
Shopping Centre Taxable: |
0 |
0.000550 |
$0 |
|
|
Industrial Taxable: Full |
658,520 |
0.000837 |
$551 |
|
|
Large Industrial Taxable:
Full |
0 |
0.000719 |
$0 |
|
|
Parking Lot Taxable: Full
(No Support) |
555,560 |
0.000433 |
$241 |
|
|
Commercial Taxable: Vacant
Unit/Excess Land |
0 |
0.000463 |
$0 |
|
|
Office Building Taxable:
Vacant Unit/Excess Land |
0 |
0.000559 |
$0 |
|
|
Shopping Centre Taxable:
Vacant Unit/Excess Land |
0 |
0.000385 |
$0 |
|
|
Industrial Taxable: Vacant
Unit/Excess Land |
0 |
0.000544 |
$0 |
|
|
Large Industrial Taxable:
Vacant Unit/Excess Land |
0 |
0.000467 |
$0 |
|
|
Commercial Taxable: Vacant
Land |
3,953,000 |
0.000433 |
$1,712 |
|
|
Industrial Taxable: Vacant
Land |
0 |
0.000542 |
$0 |
|
|
Total 2006 CVA |
228,786,211 |
|
$173,532 |
|
Business Improvement Area |
Prescribed Class |
Rateable Assessment in Prescribed Class |
Special Charge Rate |
Total Special Charge |
|
SOMERSET STREET |
Commercial Taxable: Full |
21,478,530 |
0.006385 |
$137,140 |
|
CHINATOWN |
Office Building Taxable:
Full |
0 |
0.007713 |
$0 |
|
|
Shopping Centre Taxable: |
0 |
0.005311 |
$0 |
|
|
Industrial Taxable: Full |
0 |
0.008082 |
$0 |
|
|
Large Industrial Taxable:
Full |
0 |
0.006940 |
$0 |
|
|
Parking Lot Taxable: Full
(No Support) |
0 |
0.004183 |
$0 |
|
|
Commercial Taxable: Vacant
Unit/Excess Land |
0 |
0.004469 |
$0 |
|
|
Office Building Taxable:
Vacant Unit/Excess Land |
0 |
0.005399 |
$0 |
|
|
Shopping Centre Taxable:
Vacant Unit/Excess Land |
0 |
0.003718 |
$0 |
|
|
Industrial Taxable: Vacant
Unit/Excess Land |
0 |
0.005253 |
$0 |
|
|
Large Industrial Taxable:
Vacant Unit/Excess Land |
0 |
0.004511 |
$0 |
|
|
Commercial Taxable: Vacant
Land |
389,000 |
0.004183 |
$1,627 |
|
|
Industrial Taxable: Vacant
Land |
0 |
0.005232 |
$0 |
|
|
Total 2006 CVA |
21,867,530 |
|
$138,768 |
|
BYWARD MARKET |
Commercial Taxable: Full |
146,214,515 |
0.001272 |
$185,985 |
|
|
Office Building Taxable:
Full |
23,054,125 |
0.001537 |
$35,434 |
|
|
Shopping Centre Taxable: |
2,384,395 |
0.001058 |
$2,523 |
|
|
Industrial Taxable: Full |
0 |
0.001610 |
$0 |
|
|
Large Industrial Taxable:
Full |
0 |
0.001383 |
$0 |
|
|
Parking Lot Taxable: Full
(No Support) |
6,509,665 |
0.000834 |
$5,429 |
|
|
Commercial Taxable: Vacant
Unit/Excess Land |
0 |
0.000891 |
$0 |
|
|
Office Building Taxable:
Vacant Unit/Excess Land |
0 |
0.001076 |
$0 |
|
|
Shopping Centre Taxable:
Vacant Unit/Excess Land |
0 |
0.000741 |
$0 |
|
|
Industrial Taxable: Vacant
Unit/Excess Land |
0 |
0.001047 |
$0 |
|
|
Large Industrial Taxable:
Vacant Unit/Excess Land |
0 |
0.000899 |
$0 |
|
|
Commercial Taxable: Vacant
Land |
1,655,000 |
0.000834 |
$1,380 |
|
|
Industrial Taxable: Vacant
Land |
0 |
0.001043 |
$0 |
|
|
Total 2006 CVA |
179,817,700 |
|
$230,751 |
|
PRESTON STREET |
Commercial Taxable: Full |
31,161,115 |
0.004399 |
$137,078 |
|
|
Office Building Taxable:
Full |
19,670,505 |
0.005315 |
$104,549 |
|
|
Shopping Centre Taxable: |
0 |
0.003659 |
$0 |
|
|
Industrial Taxable: Full |
698,830 |
0.005569 |
$3,892 |
|
|
Large Industrial Taxable:
Full |
0 |
0.004782 |
$0 |
|
|
Parking Lot Taxable: Full
(No Support) |
0 |
0.002882 |
$0 |
|
|
Commercial Taxable: Vacant
Unit/Excess Land |
0 |
0.003079 |
$0 |
|
|
Office Building Taxable:
Vacant Unit/Excess Land |
0 |
0.00372 |
$0 |
|
|
Shopping Centre Taxable:
Vacant Unit/Excess Land |
0 |
0.002562 |
$0 |
|
|
Industrial Taxable: Vacant
Unit/Excess Land |
0 |
0.00362 |
$0 |
|
|
Large Industrial Taxable:
Vacant Unit/Excess Land |
0 |
0.003108 |
$0 |
|
|
Commercial Taxable: Vacant
Land |
896,000 |
0.002882 |
$2,582 |
|
|
Industrial Taxable: Vacant
Land |
202,000 |
0.00362 |
$731 |
|
|
Total 2006 CVA |
52,628,450 |
|
$248,832 |
|
Business Improvement Area |
Prescribed Class |
Rateable Assessment in Prescribed Class |
Special Charge Rate |
Total Special Charge |
|
RIDEAU
ST |
Commercial
Taxable: Full |
283,277,080 |
0.001216 |
$344,465 |
|
|
Office
Building Taxable: Full |
49,008,390 |
0.001469 |
$71,993 |
|
|
Shopping
Centre Taxable: |
210,918,360 |
0.001011 |
$213,238 |
|
|
Industrial
Taxable: Full |
0 |
0.001539 |
$0 |
|
|
Large
Industrial Taxable: Full |
0 |
0.001321 |
$0 |
|
|
Parking
Lot Taxable: Full (No Support) |
6,734,000 |
0.000796 |
$5,360 |
|
|
Commercial
Taxable: Vacant Unit/Excess Land |
0 |
0.000851 |
$0 |
|
|
Office
Building Taxable: Vacant Unit/Excess
Land |
0 |
0.001028 |
$0 |
|
|
Shopping
Centre Taxable: Vacant Unit/Excess
Land |
0 |
0.000708 |
$0 |
|
|
Industrial
Taxable: Vacant Unit/Excess Land |
0 |
0.001000 |
$0 |
|
|
Large
Industrial Taxable: Vacant
Unit/Excess Land |
0 |
0.000859 |
$0 |
|
|
Commercial
Taxable: Vacant Land |
10,582,000 |
0.000796 |
$8,423 |
|
|
Industrial
Taxable: Vacant Land |
0 |
0.000996 |
$0 |
|
|
Total 2006 CVA |
560,519,830 |
|
$643,480 |
|
WESTBORO |
Commercial Taxable: Full |
28,152,260 |
0.009718 |
$273,584 |
|
|
Office Building Taxable:
Full |
668,805 |
0.011741 |
$7,852 |
|
|
Shopping Centre Taxable: |
1,396,610 |
0.008084 |
$11,290 |
|
|
Industrial Taxable: Full |
287,905 |
0.012302 |
$3,542 |
|
|
Large Industrial Taxable:
Full |
0 |
0.010564 |
$0 |
|
|
Parking Lot Taxable: Full
(No Support) |
0 |
0.006368 |
$0 |
|
|
Commercial Taxable: Vacant
Unit/Excess Land |
0 |
0.006803 |
$0 |
|
|
Office Building Taxable:
Vacant Unit/Excess Land |
0 |
0.008219 |
$0 |
|
|
Shopping Centre Taxable:
Vacant Unit/Excess Land |
0 |
0.005659 |
$0 |
|
|
Industrial Taxable: Vacant
Unit/Excess Land |
0 |
0.007996 |
$0 |
|
|
Large Industrial Taxable:
Vacant Unit/Excess Land |
0 |
0.006866 |
$0 |
|
|
Commercial Taxable: Vacant
Land |
588,000 |
0.006368 |
$3,744 |
|
|
Industrial Taxable: Vacant
Land |
0 |
0.007964 |
$0 |
|
|
Total 2006 CVA |
31,093,580 |
|
$300,012 |
|
VANIER |
Commercial Taxable: Full |
98,841,835 |
0.001327 |
$131,163 |
|
|
Office Building Taxable:
Full |
78,048,395 |
0.001603 |
$125,112 |
|
|
Shopping Centre Taxable: |
3,773,525 |
0.001103 |
$4,162 |
|
|
Industrial Taxable: Full |
1,201,490 |
0.001679 |
$2,017 |
|
|
Large Industrial Taxable:
Full |
0 |
0.001442 |
$0 |
|
|
Parking Lot Taxable: Full
(No Support) |
63,000 |
0.000869 |
$55 |
|
|
Commercial Taxable: Vacant
Unit/Excess Land |
9,800 |
0.000929 |
$9 |
|
|
Office Building Taxable:
Vacant Unit/Excess Land |
10,200 |
0.001122 |
$11 |
|
|
Shopping Centre Taxable:
Vacant Unit/Excess Land |
0 |
0.000772 |
$0 |
|
|
Industrial Taxable: Vacant
Unit/Excess Land |
0 |
0.001091 |
$0 |
|
|
Large Industrial Taxable:
Vacant Unit/Excess Land |
0 |
0.000937 |
$0 |
|
|
Commercial Taxable: Vacant
Land |
2,531,000 |
0.000869 |
$2,199 |
|
|
Industrial Taxable: Vacant
Land |
0 |
0.001087 |
$0 |
|
|
Total 2006 CVA |
184,479,245 |
|
$264,729 |
|
Business Improvement Area |
Prescribed Class |
Rateable Assessment in Prescribed Class |
Special Charge Rate |
Total Special Charge |
||
|
MANOTICK |
Commercial Taxable: Full |
24,908,920 |
0.005978 |
$148,905.52 |
||
|
|
Office Building Taxable:
Full |
0 |
0.007222 |
$0.00 |
||
|
|
Shopping Centre Taxable: |
0 |
0.004973 |
$0.00 |
||
|
|
Industrial Taxable: Full |
81,790 |
0.007567 |
$618.90 |
||
|
|
Large Industrial Taxable:
Full |
0 |
0.006498 |
$0.00 |
||
|
|
Parking Lot Taxable: Full
(No Support) |
0 |
0.003917 |
$0.00 |
||
|
|
Commercial Taxable: Vacant
Unit/Excess Land |
0 |
0.004185 |
$0.00 |
||
|
|
Office Building Taxable:
Vacant Unit/Excess Land |
0 |
0.005055 |
$0.00 |
||
|
|
Shopping Centre Taxable:
Vacant Unit/Excess Land |
0 |
0.003481 |
$0.00 |
||
|
|
Industrial Taxable: Vacant
Unit/Excess Land |
0 |
0.004919 |
$0.00 |
||
|
|
Large Industrial Taxable:
Vacant Unit/Excess Land |
0 |
0.004224 |
$0.00 |
||
|
|
Commercial Taxable: Vacant
Land |
326,700 |
0.003917 |
$1,279.68 |
||
|
|
Industrial Taxable: Vacant
Land |
0 |
0.004899 |
$0.00 |
||
|
|
Total 2006 CVA |
25,317,410 |
|
$150,804.11 |
||
|
CARP |
Commercial Taxable: Full |
4,871,365 |
0.002596 |
$12,646 |
||
|
|
Office Building Taxable:
Full |
0 |
0.003137 |
$0 |
||
|
|
Shopping Centre Taxable: |
0 |
0.00216 |
$0 |
||
|
|
Industrial Taxable: Full |
112,855 |
0.003287 |
$371 |
||
|
|
Large Industrial Taxable:
Full |
0 |
0.002822 |
$0 |
||
|
|
Parking Lot Taxable: Full
(No Support) |
0 |
0.001701 |
$0 |
||
|
|
Commercial Taxable: Vacant
Unit/Excess Land |
15,645 |
0.001818 |
$28 |
||
|
|
Office Building Taxable:
Vacant Unit/Excess Land |
0 |
0.002196 |
$0 |
||
|
|
Shopping Centre Taxable:
Vacant Unit/Excess Land |
0 |
0.001512 |
$0 |
||
|
|
Industrial Taxable: Vacant
Unit/Excess Land |
0 |
0.002136 |
$0 |
||
|
|
Large Industrial Taxable:
Vacant Unit/Excess Land |
0 |
0.001835 |
$0 |
||
|
|
Commercial Taxable: Vacant
Land |
88,500 |
0.001701 |
$151 |
||
|
|
Industrial Taxable: Vacant
Land |
0 |
0.002128 |
$0 |
||
|
|
Total 2006 CVA |
5,088,365 |
|
$13,196 |
||
|
BARRHAVEN
* |
Commercial Taxable: Full |
126,557,634 |
0.000522 |
$53,610 |
|
|
|
|
Office Building Taxable:
Full |
0 |
0.000631 |
$0 |
|
|
|
|
Shopping Centre Taxable: |
39,063,025 |
0.000434 |
$15,504 |
|
|
|
|
Industrial Taxable: Full |
0 |
0.000661 |
$0 |
|
|
|
|
Large Industrial Taxable:
Full |
0 |
0.000567 |
$0 |
|
|
|
|
Parking Lot Taxable: Full
(No Support) |
0 |
0.000342 |
$0 |
|
|
|
|
Commercial Taxable: Vacant
Unit/Excess Land |
852,384 |
0.000365 |
$306 |
|
|
|
|
Office Building Taxable:
Vacant Unit/Excess Land |
0 |
0.000441 |
$0 |
|
|
|
|
Shopping Centre Taxable:
Vacant Unit/Excess Land |
320,877 |
0.000304 |
$75 |
|
|
|
|
Industrial Taxable: Vacant
Unit/Excess Land |
0 |
0.000429 |
$0 |
|
|
|
|
Large Industrial Taxable:
Vacant Unit/Excess Land |
0 |
0.000369 |
$0 |
|
|
|
|
Commercial Taxable: Vacant
Land |
4,632,000 |
0.000342 |
$2,173 |
|
|
|
|
Industrial Taxable: Vacant
Land |
0 |
0.000428 |
$0 |
|
|
|
|
Total 2006 CVA |
171,510,920 |
|
$71,668 |
|
|
* Note: Minimum / maximum adjustment has been included in the “Total
Special Charge”.
Certain properties are physically located within the boundaries of both
the Bank Street Business Improvement Area and the Somerset Village Business
Improvement Area. Levy rates for these properties are the sum of ½ of the normal levy for Bank Street BIA and
½ of the normal levy for Somerset Village BIA as shown below:-
|
Business Improvement Area |
Prescribed Class |
Rateable Assessment in Prescribed Class |
Special Charge Rate |
Total Special Charge |
|
BANK
ST |
Commercial Taxable: Full |
4,285,650 |
0.000253 |
$1,084 |
|
|
Office Building Taxable:
Full |
2,006,000 |
0.000305 |
$612 |
|
|
Shopping Centre Taxable:
|
0 |
0.000210 |
$0 |
|
|
Industrial Taxable: Full |
0 |
0.000320 |
$0 |
|
|
Large Industrial Taxable:
Full |
0 |
0.000274 |
$0 |
|
|
Parking Lot Taxable:
Full (No Support) |
0 |
0.000166 |
$0 |
|
|
Commercial Taxable:
Vacant Land |
0 |
0.000166 |
$0 |
|
|
Industrial Taxable:
Vacant Land |
0 |
0.000207 |
$0 |
|
|
Total 2006 CVA |
$6,291,650 |
|
$1,696 |
|
SOMERSET VILLAGE |
Commercial Taxable: Full |
4,285,650 |
0.000491 |
$2,104 |
|
|
Office Building Taxable:
Full |
2,006,000 |
0.000593 |
$1,190 |
|
|
Shopping Centre Taxable:
|
0 |
0.000408 |
$0 |
|
|
Industrial Taxable: Full |
0 |
0.000621 |
$0 |
|
|
Large Industrial Taxable:
Full |
0 |
0.000533 |
$0 |
|
|
Parking Lot Taxable:
Full (No Support) |
0 |
0.000322 |
$0 |
|
|
Commercial Taxable:
Vacant Land |
0 |
0.000322 |
$0 |
|
|
Industrial Taxable: Vacant
Land |
0 |
0.000402 |
$0 |
|
|
Total 2006 CVA |
$6,291,650 |
|
$3,294 |
|
|
|
|
|
|
Document 3 |
|
|
|
|
|
|
|
|
|
|
SPARKS STREET MALL AUTHORITY |
||||||
|
COMPUTATION OF SPECIAL LEVY - 2006 |
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Levy Per
Budget Submission |
|
|
308,000 |
|
||
|
|
|
|
|
|
|
|
|
Add: Projected
2005 Surplus (Deficit) |
|
|
41,042 |
|
||
|
|
|
|
|
|
|
|
|
Less: Actual
2005 Surplus (Deficit) |
|
|
41,042 |
|
||
|
|
|
|
|
|
|
|
|
Budget
Adjustment Requested By Mall |
|
|
0 |
|
||
|
Authority |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revised Net
Levy Requirement |
|
|
308,000 |
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Metre
Frontage - Sparks Street Mall |
|
1,568.48 |
Metres |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2006 Special
Levy Per Metre |
|
|
|
196.36845864 |
|
|
|
|
|
|
|
|
|
|
|
2005 Special
Levy Per Metre |
|
|
|
189.45412119 |
|
|
|
|
|
|
|
|
|
|
|
Percent
Increase (Decrease) |
|
|
|
3.65% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL MALL
AUTHORITY BUDGET 2006 |
|
419,042 |
|
|||
|
|
|
|
|
|
|
|
|
Funded By: |
|
|
|
|
|
|
|
Levy |
|
|
|
308,000 |
|
|
|
Rentals -
General |
|
|
|
70,000 |
|
|
|
Miscellaneous
Revenue |
|
|
|
0 |
|
|
|
2005 Surplus
Carryforward |
|
|
|
41,042 |
|
|
|
Total Funds
Available |
|
|
|
419,042 |
|
|
|
|
|
|
|
|
|
|
|
Mall |
Per Meter |
TOTAL SPECIAL CHARGE |
||||
|
Authority |
Charge |
|||||
|
Sparks Street Mall Authority |
196.36845864 |
308,000 |
||||