|
5. 2008 BUDGETS AND SPECIAL LEVIES FOR BUSINESS
IMPROVEMENT AREAS AND SPARKS STREET MALL AUTHORITY BUDGETS ET PRÉLÈVEMENTS SPÉCIAUX DE 2008 POUR LES ZONES D’AMÉLIORATION
COMMERCIALE ET L’ADMINISTRATION DU MAIL DE LA RUE SPARKS |
Committee RecommendationS
That Council
approve:
1. The 2008 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
n. Orleans
BIA
o. Wellington
West BIA
p. Glebe
BIA
2. The
2008 Business Improvement Area Special Levies and the Sparks Street Mall
Authority Metre–front charge, as presented in document 3.
RecommandationS du comité
Que le Conseil municipal approuve :
1. Les budgets de 2008, 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
n. ZAC
d’Orléans
o. ZAC
de Wellington
p. ZAC
de Glebe
2. Les prélèvements spéciaux 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 le document no 3.
Documentation
1. City Treasurer’s report dated 31 March 2008
(ACS2008-CMR-FIN-0013).
2. Extract of Draft Minutes, 15 April 2008.
Report to/Rapport au :
Corporate Services and
Economic Development Committee
Comité des services organisationnels et du développement économique
and Council / et au Conseil
31 March 2007/ le 31 mars 2007
Submitted by/Soumis par : Marian Simulik, City
Treasurer/ et Trésorière municipale
Financial Services/Services financiers
Contact Person/Personne ressource : Marian Simulik, City Treasurer/
Trésorière municipale
Financial
Services/Services financiers
(613) 580-2424 x
14159, Marian.Simulik@ottawa.ca
REPORT RECOMMENDATIONS
That the Corporate Services
and Economic Development Committee recommend Council approve:
1. The 2008 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
n. Orleans
BIA
o. Wellington
West BIA
p. Glebe
BIA
2. The
2008 Business Improvement Area Special Levies and the Sparks Street Mall Authority
Metre–front charge, as presented in document 3.
RECOMMANDATIONS DU
RAPPORT
Que le Comité des services organisationnels et du développement économique
recommande au Conseil municipal d’approuver :
1. Les budgets de 2008, 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
n. ZAC
d’Orléans
o. ZAC
de Wellington
p. ZAC
de Glebe
2. Les prélèvements spéciaux 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 le document no 3.
BACKGROUND
The Municipal Act requires that City Council approve the annual budgets and tax rates for all Business Improvement Areas (BIA’s) and Mall Authorities.
The levy requirements submitted in Document 1 are projections based on each BIA’s planned expenditures for 2008.
This submission and the corresponding by-laws constitute the approval required for the 2008 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 2008 BIA levy requirements have been computed with reference to the 2008 assessment roll, the 2008 BIA budgets, the audited 2006 surplus and the 2007 year end disposition for each BIA.
As part of the Rideau Street Redevelopment Project, on October 30, 1992, the Ontario Municipal Board imposed a cap of the Downtown Rideau BIA’s 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 $675,000 for the 2008 year. 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.
The
Somerset Street Chinatown BIA board of Management has requested and received
financial responsibility effective October 4, 2005. In addition on June 27, 2007 Council approved a report for the
construction of the Somerset Street Chinatown BIA Gateway Project. In approving the report, the City has been
issuing charitable receipts for donations received. As of December 31, 2007 through the Gateway Project,
the City received $31,860 in contributions toward this project.
Both Carp and Somerset Village BIA’s are inactive. At the time of writing this report, no board-approved budgets have been received. The Carp BIA rate requirement and budget has been calculated to reflect debt payment and mandatory expenses.
Public Works and Government
Services Canada P.W.G.S.C. have paid the BIA levy as a payment in lieu of taxes
pursuant to or in accordance with 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 PIL’s will be paid at the rate equivalent to the BIA levy. The only exception being, By Ward BIA which 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.
Pursuant to section 27 of the
Assessment Act, the City of Ottawa has authority to charge PIL’s on City owned
parking lots.
In accordance with subsection 208(3) of the Municipal Act, the Barrhaven Board of Management has approved a minimum rate of two hundred and fifty dollars ($250.00) per property and a maximum rate of two thousand dollars ($2,000) per tenant.
Since last Council approval of BIA budgets, two BIA’s have expanded their boundaries and an additional two BIA’s have been created, as follows:
·
Westboro BIA expansion was
completed in accordance with all applicable sections of the Municipal
Act. As part of this process Westboro BIA has entered into agreements
with various owners to limit or exclude their properties or certain classes from
the BIA levy, tax rates adjusted accordingly.
Westboro BIA has set an expansion budget of $350,000.
·
On January 23, 2008, Council
enacted By-law No. 2008-40, to designate Wellington West BIA. Board approved budgets have been received,
and are included with this report.
·
The formation of the Glebe BIA is
in progress and the final objection period has passed. The interim board of the Glebe BIA has
submitted a pro-rated budget. If
capping of rates, or agreements are entered with various owners to limit or
exclude their properties or certain classes from the BIA levy, rates will be
adjusted accordingly.
The by-laws for these charges
will be added on the Council agenda of April 23rd, 2008 in order to
meet the tax billing timelines.
As rates and budgets are subject to minor changes, subsequent adjustments to the tax rates may occur.
CONSULTATION
All Executive Director’s of the BIA’s are aware of the contents of this report.
FINANCIAL IMPLICATIONS
The submission of BIA budgets, BIA and Mall Authority levy requirements and tax rates has no financial impact on the City. The BIA’s 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 meter-frontage on Sparks Street Mall. The City collects these special levies on behalf of these outside agencies.
Pursuant to subsection 205 (3) of
the Municipal Act, a BIA shall not incur any indebtedness extending beyond the
current year, any deficit positions shown on Document 1 are funded through an
increase in BIA tax rates or contribution from previous years’ surplus and/or
reserve fund. For 2007, Westboro BIA’s
deficit is funded through additional taxation, while Rideau BIA’s will be
funded by a one-time contribution from their reserve fund. As of
December 31, 2007, their reserve fund balance is $249,682.
SUPPORTING DOCUMENTATION
Document 1 Summary of BIA’s and Mall Authority Budgets
Document 2 BIA’s Special Charge Rates
Document
3 Sparks Street Mall Authority–Special
Levy Computation 2008, and per meter charge
DISPOSITION
The Financial Services Branch 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 April 23rd, 2008.
SUMMARY OF BUSINESS IMPROVEMENT AREAS AND MALL
AUTHORITY Document 1
2008 BUDGETS |
||||||||
|
|
|
|
|
Sparks |
Somerset Street |
|
||
|
|
Bank Street |
Byward Market |
Preston Street |
Street |
St. Mall |
Village |
Chinatown |
Westboro Village |
|
EXPENDITURES |
B.I.A. |
B.I.A. |
B.I.A. |
B.I.A. |
Authority |
B.I.A. |
B.I.A. |
B.I.A. |
|
|
|
|
|
|
|
|
|
|
|
Administration |
152,259 |
140,500 |
88,370 |
90,725 |
90,725 |
1,200 |
46,600 |
126,700 |
|
Promotions/Maintenance |
286,968 |
134,500 |
242,640 |
292,555 |
460,971 |
8,800 |
78,400 |
190,600 |
|
Reserve
Fund Contribution |
152,549 |
|
125,000 |
|
|
|
|
|
|
Debt
Service |
|
|
|
|
|
|
|
15,300 |
|
Prior Year
Deficit (net) |
|
|
|
|
|
|
|
15,000 |
|
TOTAL
EXPENDITURES |
591,776 |
275,000 |
456,010 |
383,280 |
551,696 |
10,000 |
125,000 |
347,600 |
|
|
|
|
|
|
|
|
|
|
|
SOURCES
OF FINANCING |
|
|
|
|
|
|
|
|
|
Contribution
From Reserve |
5,000 |
32,000 |
|
45,280 |
60,957 |
|
|
|
|
Misc.
Revenues |
99,855 |
|
|
|
173,453 |
|
|
|
|
|
486,921 |
253,000 |
456,010 |
347,000 |
317,286 |
10,000 |
140,000 |
350,000 |
|
2008
PROPOSED LEVY |
||||||||
|
Vacancy
Rebate |
|
-2,000 |
|
-1,000 |
|
|
|
|
|
Tax
Remissions |
-7,000 |
-8,000 |
|
-8,000 |
|
|
-15,000 |
-2,400 |
|
Supplemental
Tax Bills |
7,000 |
|
|
|
|
|
|
|
|
TOTAL
REVENUE |
591,776 |
275,000 |
456,010 |
383,280 |
551,696 |
10,000 |
125,000 |
347,600 |
|
|
|
|
|
|
|
|
|
|
|
SURPLUS/DEFICIT |
|
|
|
|
|
|
|
|
|
Surplus
Audited Dec. 2006 |
480,423 |
287,162 |
172,120 |
75,914 |
89,274 |
29,719 |
0 |
454 |
|
2007 Year End
Disposition Unaudited Surplus/(Deficit) |
72,010 |
29,393 |
67,038 |
13,988 |
(2,120) |
8,365 |
0 |
(16,665) |
|
Total
Disposition |
552,433 |
316,555 |
239,158 |
89,902 |
87,154 |
38,084 |
0 |
(16,211) |
|
|
|
|
|
|
|
|
|
|
|
Notes: All figures shown are
rounded |
|
|
|
|
|
|
|
|
|
Wellington
West and Glebe BIA's new for 2008 |
|
|
|
|
|
|
||
|
Glebe BIA
- Budget submitted |
|
|
|
|||||
|
Westboro
and Preston BIA's shown with expansion budgets |
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|
|
|
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|
Payment in
Lieu of Tax portions included in 2008 Proposed Levy |
|
|
|
|
||||
SUMMARY
OF BUSINESS IMPROVEMENT AREAS AND MALL AUTHORITY
2008 BUDGETS |
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|
|
|
|
|
|
|
|
|
|
|
EXPENDITURES |
Rideau |
Carp |
Vanier |
Manotick |
Barrhaven |
Orleans |
Glebe |
Wellington West |
|
|
B.I.A. |
B.I.A |
B.I.A |
B.I.A |
B.I.A |
BIA |
BIA |
BIA |
|
|
|
|
|
|
|
|
|
|
|
Administration |
218,295 |
1,086 |
122,520 |
43,600 |
66,097 |
58,000 |
125,000 |
25,000 |
|
Promotions/Maintenance |
258,550 |
0 |
206,880 |
114,900 |
55,550 |
92,000 |
|
73,000 |
|
Reserve Fund Contribution |
|
|
|
3,000 |
|
|
|
|
|
Debt
Service |
294,000 |
8,768 |
|
|
|
|
|
|
|
Prior Year
Deficit (net) |
72,756 |
|
|
|
|
|
|
|
|
TOTAL
EXPENDITURES |
843,601 |
9,854 |
329,400 |
161,500 |
121,647 |
150,000 |
125,000 |
98,000 |
|
|
|
|
|
|
|
|
|
|
|
SOURCES OF
FINANCING |
|
|
|
|
|
|
|
|
|
Contribution
From Reserve |
169,785 |
|
42,224 |
0 |
21,647 |
|
|
|
|
Misc.
Revenues |
10,000 |
|
3,000 |
|
2,000 |
|
|
|
|
|
675,816 |
9,854 |
289,676 |
164,000 |
|
|
|
|
|
2008 Proposed Levy |
98,000 |
150,000 |
125,000 |
100,000 |
||||
|
Vacancy Rebate |
-6,000 |
0 |
-2,500 |
-2,500 |
|
|
|
-2,000 |
|
Tax
Remissions |
-6,000 |
0 |
-3,000 |
|
|
|
|
|
|
Supplemental Tax Bills |
|
|
|
|
|
|
|
|
|
TOTAL
REVENUE |
843,601 |
9,854 |
329,400 |
161,500 |
121,647 |
150,000 |
125,000 |
98,000 |
|
|
|
|
|
|
|
|
|
|
|
SURPLUS/DEFICIT |
|
|
|
|
|
|
|
|
|
Surplus
Audited Dec. 2006 |
85,363 |
7,267 |
120,510 |
20,565 |
13,993 |
0 |
0 |
0 |
|
2007 Year
End Disposition Unaudited
Surplus/(Deficit) |
(158,119) |
3,121 |
29,094 |
6,167 |
8,311 |
1,587 |
0 |
0 |
|
Total
Disposition |
(72,756) |
10,388 |
149,604 |
26,732 |
22,304 |
1,587 |
0 |
0 |
|
|
|
|
|
|
|
|
|
|
|
Notes: All figures shown are rounded |
|
|
|
|
|
|
|
|
|
Wellington West and Glebe
BIA's new for 2008 |
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|
Glebe BIA - Budget
submitted, |
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|
Westboro and Preston BIA's
shown with expansion budgets |
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|
Payment in Lieu of Tax
portions included in 2008 Proposed Levy |
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|
|
Assessment in Prescribed Class |
Document
2 |
||
|
BIA: Bank Street |
Current Assessment |
Payment in Lieu |
Tax Rate |
Dollars Raised |
|
Commercial
Taxable: Full |
137,732,956 |
3,180,010 |
0.000459 |
$65,588 |
|
Commercial
Taxable: Excess Land |
0 |
0 |
0.000321 |
$0 |
|
Commercial
Taxable: Vacant Land |
4,313,000 |
0 |
0.000301 |
$1,298 |
|
Office
Building Taxable: Full |
726,993,700 |
22,251,800 |
0.000555 |
$416,491 |
|
Office
Building Taxable: Excess Land |
|
0 |
0.000388 |
$0 |
|
Parking
Lot Taxable: Full |
5,742,000 |
0 |
0.000301 |
$1,728 |
|
Industrial
Taxable: Full |
3,106,000 |
0 |
0.000588 |
$1,826 |
|
Industrial
Taxable: Excess Land |
0 |
0 |
0.000382 |
$0 |
|
Industrial
Taxable: Vacant Land |
0 |
0 |
0.000382 |
$0 |
|
Large
Industrial Taxable: Full |
0 |
0 |
0.000505 |
$0 |
|
Large
Industrial Taxable: Excess Land |
0 |
0 |
0.000328 |
$0 |
|
Shopping
Centre Taxable: |
0 |
0 |
0.000382 |
$0 |
|
Shopping
Centre Taxable: Excess Land |
0 |
0 |
0.000267 |
$0 |
|
Totals:
Bank Street BIA |
877,887,656 |
25,431,810 |
|
$486,931 |
|
|
|
|
|
|
|
|
Assessment in Prescribed Class |
Special
Charge |
|
|
|
BIA:
Barrhaven |
Current Assessment |
Payment in Lieu |
Tax Rate |
Dollars Raised |
|
Commercial
Taxable: Full |
149,255,455 |
0 |
0.000625 |
$93,285 |
|
Commercial
Taxable: Excess Land |
2,335,635 |
0 |
0.000437 |
$1,021 |
|
Commercial
Taxable: Vacant Land |
2,639,000 |
0 |
0.000409 |
$1,079 |
|
Office
Building Taxable: Full |
0 |
0 |
0.000754 |
$0 |
|
Office
Building Taxable: Excess Land |
0 |
0 |
0.000528 |
$0 |
|
Parking
Lot Taxable: Full |
0 |
0 |
0.000409 |
$0 |
|
Industrial
Taxable: Full |
0 |
0 |
0.000799 |
$0 |
|
Industrial
Taxable: Excess Land |
0 |
85,000 |
0.000520 |
$44 |
|
Industrial
Taxable: Vacant Land |
0 |
0 |
0.000686 |
$0 |
|
Large
Industrial Taxable: Full |
0 |
0 |
0.000446 |
$0 |
|
Large
Industrial Taxable: Excess Land |
0 |
0 |
0.000519 |
$0 |
|
Shopping
Centre Taxable: |
49,986,130 |
0 |
0.000609 |
$25,943 |
|
Shopping
Centre Taxable: Excess Land |
756,700 |
0 |
0.000364 |
$275 |
|
Subtotal: |
204,972,920 |
85,000 |
|
$121,647 |
|
Less Minimum/Maximum Adjustments |
|
|
|
-23,647 |
|
Totals: Barrhaven
|
|
|
|
$98,000 |
|
|
|
|
|
|
|
|
Assessment in Prescribed Class |
Special
Charge |
|
|
|
BIA:
Byward Market |
Current Assessment |
Payment in Lieu |
Tax Rate |
Dollars Raised |
|
Commercial
Taxable: Full |
154,710,990 |
7,033,735 |
0.001245 |
$201,372 |
|
Commercial
Taxable: Excess Land |
0 |
0 |
0.000871 |
$0 |
|
Commercial
Taxable: Vacant Land |
1,467,000 |
0 |
0.000816 |
$1,197 |
|
Office
Building Taxable: Full |
28,674,000 |
510,000 |
0.001504 |
$43,893 |
|
Office
Building Taxable: Excess Land |
0 |
0 |
0.001053 |
$0 |
|
Parking
Lot Taxable: Full |
6,097,665 |
0 |
0.000816 |
$4,976 |
|
Industrial
Taxable: Full |
0 |
0 |
0.001593 |
$0 |
|
Industrial
Taxable: Excess Land |
0 |
0 |
0.001036 |
$0 |
|
Industrial
Taxable: Vacant Land |
0 |
0 |
0.001036 |
$0 |
|
Large
Industrial Taxable: Full |
0 |
0 |
0.001368 |
$0 |
|
Large
Industrial Taxable: Excess Land |
0 |
0 |
0.000889 |
$0 |
|
Shopping
Centre Taxable: |
2,384,395 |
0 |
0.001035 |
$2,468 |
|
Shopping
Centre Taxable: Excess Land |
0 |
0 |
0.000725 |
$0 |
|
Totals:
Byward Market |
193,334,050 |
7,543,735 |
0 |
$253,906 |
|
|
|
|
|
|
|
|
Assessment in Prescribed Class |
Special
Charge |
|
|
|
BIA:
Carp |
Current Assessment |
Payment in Lieu |
Tax Rate |
Dollars Raised |
|
Commercial
Taxable: Full |
5,022,185 |
0 |
0.001882 |
$9,452 |
|
Commercial
Taxable: Excess Land |
15,645 |
0 |
0.001318 |
$21 |
|
Commercial
Taxable: Vacant Land |
88,500 |
0 |
0.001233 |
$109 |
|
Office
Building Taxable: Full |
0 |
0 |
0.002274 |
$0 |
|
Office
Building Taxable: Excess Land |
0 |
0 |
0.001592 |
$0 |
|
Parking
Lot Taxable: Full |
0 |
0 |
0.001233 |
$0 |
|
Industrial
Taxable: Full |
112,855 |
0 |
0.002409 |
$272 |
|
Industrial
Taxable: Excess Land |
0 |
0 |
0.001566 |
$0 |
|
Industrial
Taxable: Vacant Land |
0 |
0 |
0.001566 |
$0 |
|
Large
Industrial Taxable: Full |
0 |
0 |
0.002069 |
$0 |
|
Large
Industrial Taxable: Excess Land |
0 |
0 |
0.001345 |
$0 |
|
Shopping
Centre Taxable: |
0 |
0 |
0.001566 |
$0 |
|
Shopping
Centre Taxable: Excess Land |
0 |
0 |
0.001096 |
$0 |
|
Totals :
Carp BIA |
5,239,185 |
0 |
0 |
$9,853 |
|
|
|
|
|
|
|
|
Assessment in Prescribed Class |
Special
Charge |
|
|
|
BIA:
Glebe |
Current Assessment |
Payment in Lieu |
Tax Rate |
Dollars Raised |
|
Commercial
Taxable: Full |
54,648,615 |
3,504,000 |
0.001571 |
$91,358 |
|
Commercial
Taxable: Excess Land |
0 |
0 |
0.0011 |
$0 |
|
Commercial
Taxable: Vacant Land |
1,104,000 |
0 |
0.001029 |
$1,136 |
|
Office
Building Taxable: Full |
9,601,000 |
0 |
0.001898 |
$18,223 |
|
Office
Building Taxable: Excess Land |
0 |
0 |
0.001329 |
$0 |
|
Parking
Lot Taxable: Full |
328,000 |
937,000 |
0.001029 |
$1,302 |
|
Industrial
Taxable: Full |
5,657,000 |
0 |
0.002011 |
$11,376 |
|
Industrial
Taxable: Excess Land |
0 |
0 |
0.001307 |
$0 |
|
Industrial
Taxable: Vacant Land |
0 |
0 |
0.001307 |
$0 |
|
Large
Industrial Taxable: Full |
0 |
0 |
0.001727 |
$0 |
|
Large
Industrial Taxable: Excess Land |
0 |
0 |
0.001122 |
$0 |
|
Shopping
Centre Taxable: |
1,234,000 |
0 |
0.001307 |
$1,613 |
|
Shopping
Centre Taxable: Excess Land |
0 |
0 |
0.000915 |
$0 |
|
Totals :
Glebe BIA |
72,572,615 |
4,441,000 |
0 |
$125,007 |
|
|
|
|
|
|
|
|
Assessment in Prescribed Class |
Special
Charge |
||
|
BIA:
Heart of Orleans |
Current Assessment |
Payment in Lieu |
Tax Rate |
Dollars Raised |
|
Commercial
Taxable: Full |
87,439,325 |
165,000 |
0.001371 |
$120,106 |
|
Commercial
Taxable: Excess Land |
323,630 |
0 |
0.00096 |
$311 |
|
Commercial
Taxable: Vacant Land |
2,185,000 |
0 |
0.000899 |
$1,964 |
|
Office
Building Taxable: Full |
1,942,000 |
0 |
0.001657 |
$3,218 |
|
Office
Building Taxable: Excess Land |
0 |
0 |
0.00116 |
$0 |
|
Parking
Lot Taxable: Full |
434,000 |
0 |
0.000899 |
$390 |
|
Industrial
Taxable: Full |
5,623,625 |
0 |
0.001755 |
$9,869 |
|
Industrial
Taxable: Excess Land |
0 |
0 |
0.001141 |
$0 |
|
Industrial
Taxable: Vacant Land |
0 |
0 |
0.001141 |
$0 |
|
Large
Industrial Taxable: Full |
0 |
0 |
0.001507 |
$0 |
|
Large
Industrial Taxable: Excess Land |
0 |
0 |
0.00098 |
$0 |
|
Shopping
Centre Taxable: |
13,137,045 |
0 |
0.001141 |
$14,989 |
|
Shopping
Centre Taxable: Excess Land |
61,230 |
0 |
0.000798 |
$49 |
|
Totals:
Heart of Orleans BIA |
111,145,855 |
165,000 |
0 |
$150,896 |
|
|
|
|
|
|
|
||
|
Assessment in Prescribed Class |
Special
Charge |
|
|||||
|
BIA:
Manotick |
Current Assessment |
Payment in Lieu |
Tax Rate |
Dollars Raised |
|||
|
Commercial
Taxable: Full |
18,115,620 |
869,000 |
0.00643 |
$122,071 |
|||
|
Commercial
Taxable: Excess Land |
0 |
0 |
0.004501 |
$0 |
|||
|
Commercial
Taxable: Vacant Land |
326,700 |
0 |
0.004213 |
$1,376 |
|||
|
Office
Building Taxable: Full |
0 |
0 |
0.007768 |
$0 |
|||
|
Office
Building Taxable: Excess Land |
0 |
0 |
0.005438 |
$0 |
|||
|
Parking
Lot Taxable: Full |
0 |
0 |
0.004213 |
$0 |
|||
|
Industrial
Taxable: Full |
81,790 |
0 |
0.008229 |
$673 |
|||
|
Industrial
Taxable: Excess Land |
0 |
0 |
0.005349 |
$0 |
|||
|
Industrial
Taxable: Vacant Land |
0 |
0 |
0.005349 |
$0 |
|||
|
Large
Industrial Taxable: Full |
0 |
0 |
0.007067 |
$0 |
|||
|
Large
Industrial Taxable: Excess Land |
0 |
0 |
0.004593 |
$0 |
|||
|
Shopping
Centre Taxable: |
7,462,300 |
0 |
0.005348 |
$39,908 |
|||
|
Shopping
Centre Taxable: Excess Land |
0 |
0 |
0.003744 |
$0 |
|||
|
Totals:
Manotick BIA |
25,986,410 |
869,000 |
0 |
$164,029 |
|||
|
|
|
|
|
|
|||
|
|
Assessment in Prescribed Class |
Special
Charge |
|
||||
|
BIA:
Preston |
Current Assessment |
Payment in Lieu |
Tax Rate |
Dollars
Raised |
|||
|
Commercial
Taxable: Full |
34,054,625 |
6,337,000 |
0.004481 |
$180,995 |
|||
|
Commercial
Taxable: Excess Land |
0 |
0 |
0.003137 |
$0 |
|||
|
Commercial
Taxable: Vacant Land |
945,000 |
127,000 |
0.002936 |
$3,147 |
|||
|
Office
Building Taxable: Full |
3,539,000 |
0 |
0.005414 |
$19,160 |
|||
|
Office
Building Taxable: Excess Land |
0 |
0 |
0.00379 |
$0 |
|||
|
Parking
Lot Taxable: Full |
244,000 |
0 |
0.002936 |
$716 |
|||
|
Industrial
Taxable: Full |
638,640 |
0 |
0.005735 |
$3,663 |
|||
|
Industrial
Taxable: Excess Land |
0 |
0 |
0.003728 |
$0 |
|||
|
Industrial
Taxable: Vacant Land |
202,000 |
3,380,000 |
0.003728 |
$13,354 |
|||
|
Large
Industrial Taxable: Full |
0 |
0 |
0.004925 |
$0 |
|||
|
Large
Industrial Taxable: Excess Land |
0 |
0 |
0.003201 |
$0 |
|||
|
Shopping
Centre Taxable: |
0 |
0 |
0.003727 |
$0 |
|||
|
Shopping
Centre Taxable: Excess Land |
0 |
0 |
0.002609 |
$0 |
|||
|
Sub
Totals: |
39,623,265 |
9,844,000 |
0 |
$221,035 |
|||
|
Flat Rate Charges |
|
|
|
$235,000 |
|||
|
Totals: Preston
BIA |
|
|
|
$456,010 |
|||
|
|
|
|
|
||||
|
|
Assessment in Prescribed Class |
Special
Charge |
|
||||
|
BIA:
Rideau |
Current Assessment |
Payment in Lieu |
Tax Rate |
Dollars
Raised |
|||
|
Commercial
Taxable: Full |
278,761,775 |
9,296,000 |
0.001264 |
$364,105 |
|||
|
Commercial
Taxable: Excess Land |
0 |
0 |
0.000885 |
$0 |
|||
|
Commercial
Taxable: Vacant Land |
10,537,000 |
0 |
0.000828 |
$8,725 |
|||
|
Office
Building Taxable: Full |
50,497,705 |
0 |
0.001527 |
$77,110 |
|||
|
Office
Building Taxable: Excess Land |
0 |
0 |
0.001069 |
$0 |
|||
|
Parking
Lot Taxable: Full |
8,300,000 |
0 |
0.000828 |
$6,872 |
|||
|
Industrial
Taxable: Full |
0 |
0 |
0.001618 |
$0 |
|||
|
Industrial
Taxable: Excess Land |
0 |
0 |
0.001052 |
$0 |
|||
|
Industrial
Taxable: Vacant Land |
0 |
0 |
0.001052 |
$0 |
|||
|
Large
Industrial Taxable: Full |
0 |
0 |
0.001389 |
|
|||
|
Large
Industrial Taxable: Excess Land |
0 |
0 |
0.000903 |
$0 |
|||
|
Shopping
Centre Taxable: |
208,830,530 |
0 |
0.001051 |
$219,481 |
|||
|
Shopping
Centre Taxable: Excess Land |
0 |
0 |
0.000736 |
$0 |
|||
|
Totals:
Rideau BIA |
556,927,010 |
9,296,000 |
0 |
$676,293 |
|||
|
|
Assessment in Prescribed Class |
Special
Charge |
|
||||
|
BIA:
Somerset Chinatown |
Current Assessment |
Payment in Lieu |
Tax Rate |
Dollars
Raised |
|||
|
Commercial
Taxable: Full |
21,714,352 |
0 |
0.006271 |
$136,171 |
|||
|
Commercial
Taxable: Excess Land |
0 |
0 |
0.00439 |
$0 |
|||
|
Commercial
Taxable: Vacant Land |
642,000 |
0 |
0.004109 |
$2,638 |
|||
|
Office
Building Taxable: Full |
0 |
0 |
0.007576 |
$0 |
|||
|
Office
Building Taxable: Excess Land |
0 |
0 |
0.005303 |
$0 |
|||
|
Parking
Lot Taxable: Full |
0 |
294,000 |
0.004109 |
$1,208 |
|||
|
Industrial
Taxable: Full |
0 |
0 |
0.008026 |
$0 |
|||
|
Industrial
Taxable: Excess Land |
0 |
0 |
0.005217 |
$0 |
|||
|
Industrial
Taxable: Vacant Land |
0 |
0 |
0.005217 |
$0 |
|||
|
Large
Industrial Taxable: Full |
0 |
0 |
0.006892 |
|
|||
|
Large
Industrial Taxable: Excess Land |
0 |
0 |
0.00448 |
$0 |
|||
|
Shopping
Centre Taxable: |
0 |
0 |
0.005216 |
$0 |
|||
|
Shopping
Centre Taxable: Excess Land |
0 |
0 |
0.003651 |
$0 |
|||
|
Totals: Somerset Chinatown BIA |
22,356,352 |
294,000 |
0 |
$140,017 |
|||
|
|
|
|
|
|
|||
|
|
|
|
|
|
|||
|
|
Assessment in Prescribed Class |
Special
Charge |
|
||||
|
BIA: Somerset Village |
Current Assessment |
Payment in Lieu |
Tax Rate |
Dollars
Raised |
|||
|
Commercial
Taxable: Full |
4,956,695 |
1,689,000 |
0.001024 |
8,832 |
|||
|
Commercial
Taxable: Excess Land |
0 |
0 |
0.000717 |
852 |
|||
|
Commercial
Taxable: Vacant Land |
0 |
0 |
0.000671 |
0 |
|||
|
Office
Building Taxable: Full |
0 |
0 |
0.001237 |
0 |
|||
|
Office
Building Taxable: Excess Land |
0 |
0 |
0.000866 |
0 |
|||
|
Parking
Lot Taxable: Full |
488,000 |
0 |
0.000671 |
327 |
|||
|
Industrial
Taxable: Full |
0 |
0 |
0.00131 |
0 |
|||
|
Industrial
Taxable: Excess Land |
0 |
0 |
0.000852 |
0 |
|||
|
Industrial
Taxable: Vacant Land |
0 |
0 |
0.000852 |
0 |
|||
|
Large
Industrial Taxable: Full |
0 |
0 |
0.001125 |
0 |
|||
|
Large
Industrial Taxable: Excess Land |
0 |
0 |
0.000731 |
0 |
|||
|
Shopping
Centre Taxable: |
0 |
0 |
0.000852 |
0 |
|||
|
Shopping
Centre Taxable: Excess Land |
0 |
0 |
0.000596 |
0 |
|||
|
Totals:
Somerset Village BIA |
5,444,695 |
1,689,000 |
0 |
10,012 |
|||
|
|
|
|
|
|
|||
|
|
Assessment in Prescribed Class |
Special
Charge |
|
||||
|
BIA:
Sparks Street |
Current Assessment |
Payment in Lieu |
Tax Rate |
Dollars Raised |
|||
|
Commercial
Taxable: Full |
58,886,843 |
658,200 |
0.001026 |
$61,093 |
|||
|
Commercial
Taxable: Excess Land |
0 |
0 |
0.000718 |
$0 |
|||
|
Commercial
Taxable: Vacant Land |
0 |
61,230 |
0.000672 |
$41 |
|||
|
Office
Building Taxable: Full |
229,697,773 |
165,000 |
0.001239 |
$284,800 |
|||
|
Office
Building Taxable: Excess Land |
0 |
0 |
0.000868 |
$0 |
|||
|
Parking
Lot Taxable: Full |
555,560 |
0 |
0.000672 |
$373 |
|||
|
Industrial
Taxable: Full |
658,200 |
0 |
0.001313 |
$864 |
|||
|
Industrial
Taxable: Excess Land |
0 |
0 |
0.000853 |
$0 |
|||
|
Industrial
Taxable: Vacant Land |
0 |
0 |
0.000853 |
$0 |
|||
|
Large
Industrial Taxable: Full |
0 |
0 |
0.001127 |
$0 |
|||
|
Large
Industrial Taxable: Excess Land |
0 |
0 |
0.000733 |
$0 |
|||
|
Shopping
Centre Taxable: |
0 |
0 |
0.000853 |
$0 |
|||
|
Shopping
Centre Taxable: Excess Land |
0 |
0 |
0.000597 |
$0 |
|||
|
Totals: Sparks Street BIA |
289,798,376 |
884,430 |
0 |
$347,172 |
|||
|
|
|
|
|
|
|||
|
|
Assessment in Prescribed Class |
Special
Charge |
|
||
|
BIA:
Vanier BIA |
Current Assessment |
Payment in Lieu |
Tax Rate |
Dollars Raised |
|
|
Commercial
Taxable: Full |
102,201,306 |
822,000 |
0.001425 |
$146,808 |
|
|
Commercial
Taxable: Excess Land |
114,560 |
0 |
0.000998 |
$114 |
|
|
Commercial
Taxable: Vacant Land |
1,556,000 |
0 |
0.000934 |
$1,453 |
|
|
Office
Building Taxable: Full |
78,686,000 |
0 |
0.001722 |
$135,497 |
|
|
Office
Building Taxable: Excess Land |
10,000 |
0 |
0.001205 |
$12 |
|
|
Parking
Lot Taxable: Full |
203,500 |
0 |
0.000934 |
$190 |
|
|
Industrial
Taxable: Full |
94,490 |
0 |
0.001824 |
$172 |
|
|
Industrial
Taxable: Excess Land |
0 |
0 |
0.001186 |
$0 |
|
|
Industrial
Taxable: Vacant Land |
0 |
0 |
0.001186 |
$0 |
|
|
Large
Industrial Taxable: Full |
0 |
0 |
0.001566 |
$0 |
|
|
Large
Industrial Taxable: Excess Land |
0 |
0 |
0.001018 |
$0 |
|
|
Shopping
Centre Taxable: |
4,852,600 |
0 |
0.001185 |
$5,750 |
|
|
Shopping
Centre Taxable: Excess Land |
41,740 |
0 |
0.00083 |
$35 |
|
|
Totals:
Vanier BIA |
187,760,196 |
822,000 |
0 |
$290,033 |
|
|
|
|
|
|
|
|
|
|
Assessment in Prescribed Class |
Special
Charge |
|
||
|
BIA:
Westboro BIA |
Current Assessment |
Payment in Lieu |
Tax Rate |
Dollars Raised |
|
|
Commercial
Taxable: Full |
41,448,877 |
0 |
0.007539 |
$312,483 |
|
|
Commercial
Taxable: Excess Land |
0 |
0 |
0.005278 |
$0 |
|
|
Commercial
Taxable: Vacant Land |
910,000 |
0 |
0.00494 |
$4,495 |
|
|
Office
Building Taxable: Full |
714,000 |
0 |
0.009108 |
$6,503 |
|
|
Office
Building Taxable: Excess Land |
0 |
0 |
0.006376 |
$0 |
|
|
Industrial
Taxable: Full |
287,905 |
0 |
0.009649 |
$2,778 |
|
|
Industrial
Taxable: Excess Land |
0 |
0 |
0.006272 |
$0 |
|
|
Industrial
Taxable: Vacant Land |
0 |
0 |
0.006272 |
$0 |
|
|
Large
Industrial Taxable: Full |
0 |
0 |
0.008286 |
$0 |
|
|
Large
Industrial Taxable: Excess Land |
0 |
0 |
0.005386 |
$0 |
|
|
Parking
Lot Taxable: Full |
0 |
0 |
0.00494 |
$0 |
|
|
Shopping
Centre Taxable: |
1,396,610 |
0 |
0.006271 |
$8,758 |
|
|
Shopping
Centre Taxable: Excess Land |
0 |
0 |
0.00439 |
$0 |
|
|
Subtotal: |
44,757,392 |
0 |
0 |
$335,018 |
|
|
Flat Rate Charges: |
|
|
|
$15,000 |
|
|
Totals: Westboro
BIA |
|
|
|
$350,018 |
|
|
|
|
|
|
|
|
|
|
Assessment in Prescribed Class |
Special
Charge |
|
||
|
BIA:
Wellington West BIA |
Current Assessment |
Payment in Lieu |
Tax Rate |
Dollars Raised |
|
|
Commercial
Taxable: Full |
69,870,857 |
587,000 |
0.001358 |
$95,682 |
|
|
Commercial
Taxable: Excess Land |
0 |
0 |
0.000951 |
$0 |
|
|
Commercial
Taxable: Vacant Land |
1,320,000 |
0 |
0.00089 |
$1,175 |
|
|
Office
Building Taxable: Full |
0 |
0 |
0.001641 |
$0 |
|
|
Office
Building Taxable: Excess Land |
0 |
0 |
0.001149 |
$0 |
|
|
Parking
Lot Taxable: Full |
504,000 |
0 |
0.00089 |
$449 |
|
|
Industrial
Taxable: Full |
1,511,555 |
0 |
0.001739 |
$2,629 |
|
|
Industrial
Taxable: Excess Land |
0 |
0 |
0.00113 |
$0 |
|
|
Industrial
Taxable: Vacant Land |
138,000 |
0 |
0.00113 |
$156 |
|
|
Large
Industrial Taxable: Full |
0 |
0 |
0.001493 |
$0 |
|
|
Large
Industrial Taxable: Excess Land |
0 |
0 |
0.000971 |
$0 |
|
|
Shopping
Centre Taxable: |
0 |
0 |
0.00113 |
$0 |
|
|
Shopping
Centre Taxable: Excess Land |
0 |
0 |
0.000791 |
$0 |
|
|
Totals: Wellington West BIA |
73,344,412 |
587,000 |
0 |
$100,090 |
|
|
|
Document 3 |
|
|
|
|
|
|
SPARKS
STREET MALL AUTHORITY
|
|
||
|
COMPUTATION OF
SPECIAL LEVY -2008 |
|
||
|
|
|
|
|
|
Net Levy Per Budget Submission |
$317,286 |
|
|
|
|
|
|
|
|
Total Metre Frontage - Sparks Street Mall |
1679 |
|
|
|
|
|
|
|
|
2008 Special Levy Per Metre |
$189.01 |
|
|
|
|
|
|
|
|
2007 Special Levy Per Metre |
$183.56 |
|
|
|
|
|
|
|
|
Percent Increase (Decrease) |
2.97% |
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL MALL AUTHORITY BUDGET 2008 |
$551,696 |
|
|
|
|
|
|
|
|
Funded By: |
|
|
|
|
Levy |
$180,411 |
|
|
|
Payment in Lieu of Tax |
$136,875 |
|
|
|
Total Special Charge |
$317,286 |
|
|
|
Rentals - General |
$73,453 |
|
|
|
Miscellaneous Revenue |
$100,000 |
|
|
|
2006 Surplus Carry forward |
$60,956 |
|
|
|
Total Funds Available |
$551,696 |
|
|
|
|
|
|
|
|
Mall |
TOTAL SPECIAL
CHARGE |
|
|
|
Authority |
|
||
|
Sparks Street Mall
Authority |
$317,286 |
|
|
|
|
|||
2008 BUDGETS AND SPECIAL LEVIES FOR BUSINESS IMPROVEMENT AREAS AND SPARKS STREET MALL AUTHORITY
BUDGETS ET
PRÉLÈVEMENTS SPÉCIAUX DE 2008 POUR LES ZONES D’AMÉLIORATION COMMERCIALE ET
L’ADMINISTRATION DU MAIL DE LA RUE SPARKS
ACS2008-CMR-FIN-0013 city-wide / À l’Échelle de la ville
In response to questions from Councillor Desroches, Ms. M. Simulik, City Treasurer, indicated the City’s policy was to allow BIAs to carry budget surpluses because these related to their need to accumulate pots of money for major capital works as opposed to debt financing or having large fluctuations in their rates to pay for capital projects. With respect to the impact of new legislation, she confirmed that BIAs would be required to adopt various policies with respect to their operations and that City staff had been working with them to develop these policies, which would be in place before the end of the year.
Following these exchanges, Committee voted on the report recommendations.
That the
Corporate Services and Economic Development Committee recommend Council
approve:
1. The 2008
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
n.
Orleans BIA
o.
Wellington West BIA
p.
Glebe BIA
2. The 2008 Business
Improvement Area Special Levies and the Sparks Street Mall Authority
Metre–front charge, as presented in document 3.
CARRIED