DCC and ACC Public Consultation Update and Referral Response

Option A: Freeze DCC Rates (Not Recommended) The City's current DCC Bylaw was last adopted prior to the introduction in the new housing legislation, resulting in any new SSMUH developments as permitted under Bill 44 be assessed with single family DCC on a per lot basis under the current definition of the City's DCC Bylaw. The potential increase in population from SSMUH developments is anticipated to increase the demand for the City's future infrastructure requirements such as roads, utility infrastructure and parks. It is therefore important that the City's DCC Bylaw be updated to reflect the definition and charges applicable to these types of housing forms to ensure that the costs of growth are fairly and equitably allocated to growth. This option requires the City to update the DCC program and the DCC bylaw to reflect the changes to the housing legislation, which will enable the collection of DCC from SSMUH developments. To keep the DCC rates frozen (see Option 3 in Table 1), the proposed DCC program will need to retain the current values (in 2021 dollars) without any inflationary adjustments. The option will also significantly impact the Parks program as park projects would need to be removed in order to achieve a 0% change in DCC rates. Assuming an average DCC collection of $15 million per year, the freezing of DCC rates would result in approximately $750,000 less in annual DCC collection if the proposed 4.9% increase in DCC rates was not being recommended. While short-term impacts may be minimal due to slower development and in-stream rate protection, freezing DCC rates, in the long run, would create potential funding gaps, force higher future rate increases, and may require shifting costs to taxpayers through property tax or utility rate increases and/or future developments through higher DCC rates.

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