STANDING COMMITTEE OF COUNCIL

ON CITY SERVICES AND BUDGETS

A C T I O N S

DATE: Thursday, February 19, 1997

TIME: 9:30 a.m.

PLACE: Committee Room No. 1

Third Floor, City Hall

*FOR INFORMATION, PLEASE CONTACT TARJA TUOMINEN, 873-7191*

1. 1998 Park Board Capital Budget File: 1602

A. THAT the 1998 Park Board Basic Capital Budget totaling $7,513,150 as summarized in the Administrative Report, dated February 2, 1998, and detailed in Appendixes 1 and 2 of the Report, be approved, with the funding to be provided from the following sources;

a) $6,113,150 from borrowing authority as approved as part of the 1997-1999 Capital Plan, and

b) $1,400,000 from 1998 Revenue Capital, subject to the approval of the 1998 Operating Budget.

B. THAT Council approve as part of the 1998 Park Board Capital Budget, the allocation of $1.0 million of the Community Centre improvement funding approved in an opinion question accompanying the 1996 municipal election, source of funding to be an increase in Capital from Revenue in the 1998 Operating Budget. This approval is subject to approval of the 1998 Operating Budget.

- CARRIED UNANIMOUSLY

2. Three-Year Land Value Averaging for 1998 Property Tax File: 1552

Calculations

A.THAT Council approve three-year land value averaging as the 1998 property tax calculation methodology for the residential (Class 1) and business/other (Class 6) properties as discussed in the Administrative Report, dated February and that the property taxes for all other classes (Classes 2, 4, 5, 8 and 9) be calculated using market assessed values.

B.THAT the Directors of Finance and Legal Services be instructed to submit a by-law to Council, for approval before March 31st of this year, which sets out the particulars of averaging in accordance with the provisions of the Vancouver Charter.

C.THAT Council instruct the Director of Finance to make appropriate arrangements with the BC Assessment Authority for the production of an averaged 1998 taxation roll, at an approximate cost of $20,000, with funding approved in advance of the 1998 operating budget.

D.THAT the Director of Finance be authorised to place the required advertisements in a local newspaper notifying the City’s taxpayers of Council’s intent to implement three-year land averaging and showing the effects of averaging on sample properties within the City.

3.Position Paper on Not Just Numbers: A Canadian Framework for Future Immigration

THAT the position paper be received for information and permission be given to the Special Advisory Committee on Cultural Communities to advise the CIC Legislative Review Ministerial Consultations of the comments contained in the paper;

FURTHER THAT the Committee forward copies of the paper to the Vancouver School Board, Vancouver Parks Board, the GVRD municipalities, the FCM and the UBCM for their information.

ENQUIRIES AND OTHER MATTERS

1. Leave of Absence - Councillor Chiavario

MOVED by Cllr. Kennedy,

SECONDED by Cllr. Bellamy,

THAT Councillor Chiavario be granted Leave of Absence for the evening of February 19, 1998.

- CARRIED UNANIMOUSLY

2. Leave of Absence - Councillor Clarke

MOVED by Cllr. Kennedy,

SECONDED by Cllr. Chiavario,

THAT Councillor Clarke be granted Leave of Absence for March 24, 1998.

- CARRIED UNANIMOUSLY

(c) 1997 City of Vancouver