WHEREAS sewer connection charges for certain properties on West River Drive are calculated based on Schedule A, Schedule 1 to By-law 2003-513; and
WHEREAS a portion of these charges includes consideration for inflation; and
WHEREAS inflation has increased significantly since the enactment of the relevant by-law; and
WHEREAS the current high costs are in part a consequence of inflation rates in recent years; and
WHEREAS these high costs are prohibiting some residents from considering connecting, which diminishes recovery of construction costs; and
WHEREAS the City has already paid the full cost of the project back when the initial pipeline was constructed, and as such, a reduction in the inflation calculation would not negatively impact the City.
THEREFORE be it resolved that Agriculture and Rural Affairs recommend Council approve that Schedule A, Schedule 1 to By-law 2003-513, as enacted by By-law 2010-330, be amended to state:
All charges imposed or continued by this Schedule “A” shall be indexed annually on January 1st by the increase in the Statistics Canada Non-Residential Building Construction Price Index for the preceding October 1 to September 30 period.
Despite the provision immediately above, for the years 2020, 2021, 2022, 2023, 2024, 2025, the indexing to take place on January 1 subsequent to each year shall be 2.59 per cent for each of these years.