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HomeMy WebLinkAboutFND-013-17Clarftwn Finance Report If this information is required in an alternate accessible format, please contact the Accessibility Coordinator at 905-623-3379 ext. 2131. Report To: General Government Committee Date of Meeting: September 25, 2017 Report Number: FND-013-17 Resolution: File Number: By-law Number: Report Subject: LAND ACQUISITION STRATEGY, JULY 2017 Recommendations: 1. That Report FND-013-17 be received; D Q G 2. That Council approve the Land Acquisition Strategy dated July 2017 as the guide for acquiring land and budgeting for its acquisition. Municipality of Clarington Report FND-013-17 Report Overview Page 2 This is the third municipal land acquisition strategy. The municipality has strategically been acquiring lands for future uses as outlined in the Official Plan since 2000. The municipality acquires properties for a number of reasons including passive and active recreation, community facilities, ecologically significant areas, public safety and transportation. To ensure funding is available when opportunities to acquire targeted properties present themselves, the strategy provides an overall financial structure of how to achieve the desires set out in the Official Plan and other background documents. 1. Background 1.1 The Land Acquisition strategy is a guide for the acquisition of land for various public uses such as parks, indoor recreation facilities, fire halls, libraries, civic precincts and trails. Lands are acquired through a variety of mechanisms including purchases, donations, dedication, tax arrears and expropriations. Despite the size of the current land holdings, as the municipality continues to grow so will the need to acquire additional lands for public uses. 1.2 Finance and Planning Services staff working with a financial analysis by Hemson Consultants and appraisals by Ryan Realty have prepared a municipal land acquisition strategy. It is based on the Official Plan approved by Council November 1, 2016 and the Region in 2017, the Development Charges Background Study, June 2015, the capital budget and reserve funds. 1.3 The purpose of this report is to present the findings and seek Council's acceptance of the Land Acquisition Strategy. 1.4 The Land Acquisition Strategy (Confidential Attachment 1, distributed under separate cover at September 12, 2017 Special General Government Committee) is the culmination of the municipal land needs database which allows the properties to be identified, prioritized, mapped, combined with appraisal values and provides an analysis of expenditures and revenues over a 15-20 year timeframe. 2. Concurrence This report has been reviewed by the Director of Planning Services, who concurs with the recommendations. Municipality of Clarington Report FND-013-17 3. Conclusion Page 3 Desired lands are acquired by dedication at the time of subdivision, donation, acquisition when listed on the open market, and in unusual cases the municipality has expropriated property. The land acquisition and disposal by-law 2011-11 is the process that staff follow when acquiring and disposing of property. All land acquisitions and disposals are Council decisions. The financial analysis of the lands considered for acquisition over the next ten year period indicates a managed approach. It is important, that acquisition take place consistently and within reasonable time frames. Over the ten year period, 2017 to 2027 land acquisition costs and identified revenues are virtually equal. 4. Strategic Plan Application The recommendations contained in this report conform to the Strategic Plan. Submitted by: Reviewed by: Nancy Taylor, BBA, CPA, CA Director of Finance/Treasurer. Andrew C. Allison, B.Comm, LL.B CAO Staff Contact: Lori Gordon, Deputy Treasurer and Faye Langmaid, Manager of Special Projects, 905-623-3379 ext. 2604 and 2407; or Igordon(a--)clarington.net and flangmaid(a-clarington.net respectively Attachments: Attachment 1 — Land Acquisition Strategy, July 2017 (distributed under separate cover) There are no interested parties to be notified of Council's decision. NT/DJC/LG/FL/tg/hjl