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HomeMy WebLinkAboutPSD-078-07 ~n REPORT PLANNING SERVICES Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE Date: Friday June 8, 2007 ~.p\V+"Dr) ~ (,p+\ -3,c\L\-D=t By-law #: Report #: PSD-078-07 File #: PLN 20.7.1 Subject: FINANCIAL IMPACT ANALYSIS OF NEW DEVELOMENT AREAS RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report PSD-078-07 be received; 2. THAT the Purchasing By-law 2006-127 be WAIVED and that Hemson Consulting Ltd. be retained to undertake the Financial Impact Analysis of New Development Areas for $60,000 subject to receipt of funding from the development proponents; and, 3. THAT any delegations be advised of Council's decision. Submitted by: D vi . Crome, M.C.I.P., R.P.P. Director, Planning Services Reviewed by: d~ nklin Wu f Chief Administrative Officer ancy Ta~ r, .B. ,C.A., ~ A.S. Cannella, Director of Engineering Services CS/CPIDJC/df 31 May 2007 CORPORATION OF THE MUNICIPALITY OF CLARINGTON 40 TEMPERANCE STREET, BOWMANVILLE, ONTARIO L 1C 3A6 T (905)623-3379 F (905)623-0830 REPORT NO.: PSD-078-07 PAGE 2 1.0 BACKGROUND 1.1 Section 5.3.8 of the Clarington Official Plan states that the Municipality may require a Financial Impact Analysis to be undertaken for major development proposals. The Municipality shall retain a qualified professional to undertake such a study, but the expense of the study is borne by the proponent(s). Where the analysis demonstrates that the development will have an adverse effect on the Municipality's financial situation, then the development will be considered premature and contrary to the intent of the Official Plan. 1.2 The Municipality of Clarington is currently reviewing development applications from Smooth Run Developments (Metrus Developments Inc.) and Brookfield Homes (Ontario) Limited for the North Village Neighbourhood in Newcastle Village. The Development Charges Study was prepared on the assumption that development was not anticipated in this neighbourhood until sometime after 2015. The Municipality requested that a Financial Impact Analysis be undertaken to understand the implications of these developments on municipal finances. The Municipality retained Hemson Consulting to undertake the study and the work has partially been completed. 1.3 Similar concerns were raised with development applications in the Northglen Neighbourhood and development applications submitted by Far Sight Investments. Reports on these applications have advised of the need for a Financial Impact Analysis. 1.4 The Municipality has been experiencing difficulty recently in terms of development charges funding, in part due to the impact of large infrastructure projects that are required to service development. This includes the grade separation improvements for Mill Street to serve Port of Newcastle and the grade separation for Green Road to service west Bowmanville. There has been strain on the park financing for new neighbourhood parks which are not keeping up with the pace of development. In addition, the Municipality has identified projects to service the Energy Business Park and the Science & Technology Park which are priorities for economic development objectives. 1.5 There are a number of large scale developments being considered in Bowmanville and Newcastle Village that are either subject to development applications or are within areas that are currently under neighbourhood design plan studies. The five (5) areas proposed for this Financial Impact Analysis are as follows: · Northglen Neighbourhood in Bowmanville · Far Sight Development in Massey Neighbourhood in Bowmanville · Port Darlington Neighbourhood in Bowmanville · North Village Neighbourhood in Newcastle Village · Wilmot Creek Retirement Community, Phase 8 REPORT NO.: PSD-078-07 PAGE 3 The total number of dwelling units proposed is approximately 5,000 units or a population increase of 15,000. In terms of the Municipality's infrastructure financing, all or significant portions of these areas were not anticipated to occur until after 2015. Prior to processing these applications, the Municipality of Clarington needs to understand the long term revenue and expenditure impact of these proposals on the Municipality's finances. In May 2007, staff requested Hemson Consulting to amend the scope of the initial Financial Impact Analysis for North Newcastle Village to include all of the above noted development areas. 2.0 POLICY CONTEXT FOR FINANCIAL IMPACT ANALYSIS 2.1 The efficient and cost effective expansion of infrastructure is addressed in the Provincial Policy Statement, Durham Region Official Plan and the Clarington Official Plan. 2.2 Provincial Policy Statement The Provincial Policy Statement 2005 has a number of relevant policies on growth management. · Municipalities are to manage and direct land use to achieve efficient development and land use patterns by promoting efficient development and land use patterns which sustain the financial well-being of the Province and the municipalities over the long- term; · Land use patterns within settlement areas shall be based on densities and a mix of land uses which efficiently use land and resources, and are appropriate for and efficiently use the infrastructure and public service facilities which are planned or available and avoid the need for their unjustified and/or economical expansion; · Planning Authorities shall establish and implement phasing policies to ensure the orderly progression of development within development areas and the timely provision of the infrastructure and public service facilities require to meet current and projected needs; · Infrastructure and Public Service Facilities shall be provided in a coordinated, efficient and cost-effective manner to accommodate projected needs. The use of existing infrastructure and public services should be optimized where feasible before consideration is given to developing new infrastructure and public services. REPORT NO.: PSD-078-07 PAGE 4 2.3 Reaion of Durham Official Plan Urban Areas shall be developed in accordance with the principles of sequential development, progressive extension, improvement rehabilitation and economical utilization or Regional water supply and sanitary sewerage facilities and minimization of financial impacts on the region. 2.4 Clarinaton Official Plan The Principles of the Clarington Official Plan state that public infrastructure and services to accommodate growth will be extended in an orderly and cost efficient manner. In considering an application for approval and phasing of residential development in urban areas, including draft plans of subdivision the Municipality may seek to ensure: a) The sequential development of neighbourhoods on prevention of leapfrogging of vacant lands; b) Development in or adjacent to Main or Sub Central areas; and c) The economical use and extension of all infrastructure and services. Council may declare a residential draft plan of subdivision to be premature and recommend that it not be approved if any of the following circumstances apply: a) The plan does not implement the principles contained in Section 5.3.6; b) The municipal wide non-residential assessment is less than 15 percent of total assessment; c) The capital works and services required to service the lands and the future residents are not within the Municipality's current budget or 10 year capital works forecast as updated from time to time; or d) Council is of the opinion that the Municipality's administrative and financial resources are not sufficient to provide an adequate level of services for those residents who would be accommodated in the proposed plan of subdivision as well as to provide and maintain an adequate level of services for existing residents and residents who will live in developments which have been approved by the Municipality. 3.0 STUDY PROCESS 3.1 The Methodologv The methodology used for the Financial Impact analysis would quantify the cost of growth in the areas of the proposed development and identify the fiscal impact of the proposed amendments on the Municipality. In this respect, future assessment, property tax and development charge revenues and capital and operating expenditures will be analyzed. Both the capital costs associated with providing necessary infrastructure for the delivery of municipal services and the ongoing operation costs associated with maintenance and operation of municipal services will be identified. The study will also identify available revenue sources for both capital and operating expenditures to determine the net impact on Clarington. The timing of the necessary capital works in the context of the Municipality's broader growth related capital program and servicing REPORT NO.: PSD-078-07 PAGE 5 demands of other new development will be considered. In addition, the study would also provide an overview of Regional servicing requirements and constraints. The study approach would focus on costs and benefits of growth, and would integrate land use and demographic forecasts, identify the servicing requirements for the development areas based on servicing needs and costs data provided in the 2005 Development Charges Background Study, and calculate the resulting financial impact faced by the Municipality for both capital emplacement and ongoing operations and maintenance. It will consider alternative financing strategies and possible changes to the development process. 3.2 The Proposed Budoet The proposed budget is $59,625.00 (not including GST). The proponents in each development area have been requested to fund this study on the basis of their own cost sharing formula. 3.3 Hemson Consultino Craig Binning of Hemson Consulting Ltd. was responsible for the preparation of the last three Development Charges Studies. Hemson Consulting is intimately familiar with the Municipality's infrastructure plans and the financing strategy contained in the Development Charges Study. Hemson has extensive experience in fiscal impact modeling as outlined in their proposal. As such, Hemson Consulting was retained by staff for the North Newcastle Village Financial Impact Study. The current proposal incorporates the North Newcastle Village area and replaces the earlier study. The scope of the revised work program has expanded to the range such that normally tenders would be required. Based on the information provided above, it is recommended that the purchasing by-law be waived and that Hemson be retained to undertake this work. The Study is intended to be fully financed by the development interests and it would not proceed until such time as the funding for the study is provided by the Developers Group. Although the study will involve input from all departments, a project Working Group will be established with staff from Planning, Engineering, and Finance. The Region of Durham will participate in this Study in order to coordinate regional servicing requirements. 3.4 Developer Contribution On Friday June 1, 2007, staff met with the development interests of the five areas identified in this report. The developers have agreed to fund this project and will be submitting their letters to proceed with the necessary funds by June 15, 2007. REPORT NO.: PSD-078-07 PAGE 6 4.0 CONCLUSIONS 4.1 There are a number of large scale development applications currently before staff which do not align with the timing assumptions in the Development Charges Background Study. Consideration of these development applications must be evaluated in the context of other projects currently budgeted for or forecasted for in the Development Charges Study. The Financial Impact Analysis will assist staff in determining overall fiscal impact on the Municipality in dealing with the infrastructure requirements to service new development. Attachments: Attachment 1 - Key Map Attachment 2 - Hemson Proposal for Financial Impact Study List of interested parties to be advised of Council's decision: Sernas Associates D.G. Biddle Associates The Kaitlin Group Kevin Tunney, Tunney Planning Inc. Roslyn Houser, Goodmans REPORT NO.: PSD-078-07 INTERESTED PARTIES LIST Name Nick Mensink Bob Annaert Kelvin Whalen Kevin Tunney Roslyn Houser Sernas Associates D.G. Biddle Associates Ltd. The Kaitlin Group Tunney Planning Inc. Goodmans 110 Scotia Court Unit 41 96 King Street East 1029 McNicol! Avenue 340 Byron Street South Suite 200 250 Y onge Street Suite 2400 Whitby, ON L 1 N 8Y? Oshawa, ON L 1 H 1 B6 Scarborough, ON M1W 3W6 Whitby, ON L 1 N 4P8 Toronto, ON M5B 2M6 Attachment 1 To Report PSO-078-07 ~ "j..~ ~I ~...sJ1J jl ~.\._." / '1 ~~ ~ -t1 "l/ g ~....~--.I .l33lUS H.lljON ~ ~ ,11 r r '\..., rrrn [ ~ j( ~ I ~ ~ T / ffff/' '''\ / "..' J , ~._.... ~"::-I/J ~l J-t ~ :~ I~ I ~~ ;1 '~'.'~~'~'~'.7 ~~ II ~)- ~ - W .....I J:I-W I-(/)(!) a:<3~ 03:.....1 Zw> Z ""l \.... M o ~ z o in III W (j Z o (j M o o a: z o in III W (j Z o (j ~ i1 w ~l I~ ~! ~ I --------- - z o in III W (j Z o (j - z o I- (!) z :J a: <t: o ~ o a.. ~ "" ~ ~ :z: ~ I - J !".--'." .... '1"..../ ~ l I ..'W- C3 ~ r'- T'X\ i T\1dB ~ - ! 3J~ ~,~ LL ~J- (ffipl I ~ ~ - ~ f\jl1 mJ --1 1:::::iml- · ljON .l33lj.lS AmSI1 -:-J if t::I ~ ( w-' ~ ~ ';7lll ./ !CL f--, Kfl ~ J '~II Ul) 5 ~ p -rn l(i I D\'\~ ). ~ ~ ~ ~L1, ~0 )< ~ ~/J~JJ U u"\fv g ~ , , / T I -~ ~u b~rEl --p \~ ---,_ o~o SC oG RO I (is alfOlj l"llfHljna N'~ lr" .. I: · I L,...A \1-.. C \~ 1-\ / / \J II ttTb \ , alfOlj N33lj!l ~ .\ ;0, \ 'I...L'~\ .~ _._._._._._.-:~_.iiiiii'""._~._.- .-.-. ~._. .-.-...., ....,._.iA '\ \ alfOlj SSl"l'l1 I z W .....I (!) J: I- a: o z / I ~\ \. ~ >- rn'C ca.a ~U) <'0 -ca co. Q) E E- Q..- o.!.!! -(,) Q) C > ca Q) C C.- LL Attachment 2 To Report PSD-078-07 FINANCIAL IMP ACT ANAL YSIS OF NEW DEVELOPMENT Municipality of Clarington REMSON Co nsu 1 ti ng Ltd. May 24, 2007 TABLE OF CONTENTS Page BACKGROUND ................................................ 1 A. METHODOLOGY OF NEW ASSIGNMENT REMAINS UNCHANGED. . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . .. . 2 B. HEMSON IS WELL QUALIFIED TO COMPLETE A SUCCESSFUL STUDY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 II PROPOSED WORKPLAN ......................................... 4 1. Initial Meeting with Project Work Group ........................ 4 2. Data Specification and Collection ............................. 5 3. Financial Impact Analysis ................................... 6 4. Preliminary Findings Meetings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 5. Establish Growth Scenarios .................................. 7 6. Prepare and Present Report .................................. 8 III EXPERIENCED CONSULTING RESOURCES WILL BE ASSIGNED TO THIS STUDY.. ..................................... 9 A. HEMSON HAS EXTENSIVE EXPERIENCE IN FISCAL IMPACT MODELING. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 B. THE CONSULTING TEAM HAS HIGHLY EXPERIENCED PROFESSIONALS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 IV CONSULTING ARRANGEMENTS AND BUDGET...................... 11 HEMS ON BACKGROUND In 2005 the Municipality of Cia ring ton received an application to amend the Clarington Official Plan from both Smooth Run Developments (Metrus Developments Inc.) and Brookfield Homes (Ontario) Limited. The amendment requested an increase in population and housing targets for Newcastle Village and the North Village Neighbourhood. Development of the subject lands under the application would provide for up to 1,700 new residential units. The Municipality was not anticipating development of the lands until the period beyond 2015. The Municipality needs to understand what the long term revenue and expenditure impact of the proposed development would be on the City's finances. Accordingly, staff of the Municipality has recommended, and Council has supported, that the application undergo additional review and consideration, including: That the applicants be required to undertake a Financial Impact Analysis to address the impacts of these proposal on the Municipality. This financial impact analysis is further to section 5.3.8 of Clarington's Official Plan that requires an analysis fo this type for any large scale developments. Accordingly, in 2006 Hemson Consulting was hired by the Municipality to undertake the analysis of the proposed OP amendment. In May, 2007 staff of the Municipality requested that Hemson submit a proposal and workplan to expand the scope of the financial impact analysis. The new assignment would include all new development proposed in Clarington to build out of the Municipality's Official Plan and anticipated under the Municipality's 2005 Development Charges Background Study. The new development comprises: 1. Brookhill Development in Bowmanville 2. Northglen Development in Bowmanville 3. Far Sight Development in Bowmanville 4. Port Darlington Development in Bowmaville 5. Wilmot Creek Retirement Community, Phase 8 6. North Newcastle Village Development in Newcastle REMSON 2 Through the most recent Development Charge Study review the majority of the above developments were anticipated to occur after 2015. The Wilmot Creek Retirement Community, Phase 8, proposal is currently beyond the existing urban boundary and was not contemplated at all. A. METHODOLOGY OF NEW ASSIGNMENT REMAINS UNCHANGED The study objective is to quantify the cost of growth in the areas of the proposed developments and identify the fiscal impacts of the developments on the Municipality. In this respect, future assessment, property tax and development charge revenues, and capital and operating expenditures in Clarington will be analyzed. The methodology used for the financial impact analysis of all new development would be the same as that employed for the analysis of the North Newcastle Village development. Both the capital costs associated with providing the necessary infrastructure for the delivery of municipal services, and the ongoing operating costs associated with the maintenance and operation of municipal services, would be identified. The study would also identify available revenue sources for both capital and operating expenditures to determine the net impact on Clarington. This would include an assessment of the fiscal impact of establishing front-ending or similar cost sharing arrangements between the Municipality and the developers. This assessment would be used by the municipal solicitor in providing advice to Council on such options, as proposed by some of the developers. The timing of the necessary capital works in the context of the Municipality's broader growth-related capital program and the servicing demands of other new development would be considered. In addition, the study would also provide an overview of Regional servicing issues and constraints. Hemson's approach to the study would focus on the costs and benefits of growth, and would integrate land use and demographic forecasts, identify the servicing requirements for the expansion area based on servicing needs and cost data provided in the Municipal- ity's 2005 Development Charges Background Study (costs and timing of works to be reviewed with Municipal staff), and calculate the resulting financial impact faced by the Municipality for both capital emplacement and ongoing operations and maintenance. HEMS ON 3 B. HEMSON IS WELL QUALIFIED TO COMPLETE A SUCCESSFUL STUDY Hemson Consulting has considerable experience in the development of economic and fiscal assessment models and is highly respected for its work in the development charges area. Our approach is to work closely with the Municipality's staff to develop models and analysis which are concise, clear and easily understood. The models developed for undertaking the analysis are flexible and permit changes to be made easily in response to revisions in input data and planning assumptions. Hemson is ideally suited to undertake this assignment based on our expertise in both fiscal impact modeling and development charges and our experience with the Municipality of Clarington. In the following section the approach we propose for this assignment is described. In the subsequent sections we identify the consulting resources we would assign to the project and provide our fee proposal. Resumes of key staff involved in the assignment and our firm's qualifications are provided in the appendices. HEMSON 4 II PROPOSED WORKPlAN The proposed workplan is shown schematically on Exhibit 1. It is scheduled so that the analysis is undertaken in June and July 2007, the presentation of preliminary findings is made in August, and the preparation and presentation of results is completed by the third week of September. In the workplan it is proposed that the current Project Working Group established for the original North Newcastle Village financial impact analysis be maintained. Staff members from the key departments impacted by the study - Planning, Engineering/Building, Finance, Community Services, Operations, and Emergency and Fire Services - will have to be consulted regularly during the study process. The involvement of some departments, such as Community Services and Emergency Services, may be more limited and we will discuss this at the initial meeting. It is our experience that the use of working groups facilitates the collection and consistency of data as well as the understanding and knowledge of key staff regarding the study methodology and results. We will work closely with the Project Work Group throughout the study. 1. Initial Meeting with Project Work Group A meeting of the Project Work Group is proposed to kick-start the project. It is proposed that this meeting take place early in the week following the awarding of the study. The objectives of this meeting will be to: · review the proposed workplan and time lines; · review the proposed study approach; · identify and receive key background data required to conduct the study; · receive available planning and land use information for the proposed expansion areas; · receive copies of any additional servicing studies; · discuss other data required from departments for forecasting capital and operating costs; · discuss the degree to which Regional services and impacts will be examined; and REMSON I- Z w :E a.. 0 ...J W Z > 0 W l- e Cl 3: z z c( ii2 w ...J Z a.. c( ILl!: ...J Oa: I- u III 0 iii IL iij3: 0 :i: ~>e >< ...Jw w _c(1Il ...JZO c(c(a.. ~I-O uua: z~a.. ::l:E :E- ...J c( 0 Z c( Z u:: ... 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P P P- $ 0 z 5 · discuss key service and financial issues which will require attention during the development of the fiscal impacts. 2. Data Specification and Collection During this stage of the study the specific data required to undertake the analysis will be defined. Hemson will define the specific requirements and develop the required cost/revenue data. Some assistance will be required from Municipal staff and the developers for the collection of base data. The types of data that will be required include: · the anticipated amount, type and location of proposed development (an estimate of the amount of development by ten year periods will be required in order to calculate development charges for certain services in accor- dance with the Development Charges Act); · identification of the capital infrastructure required to service the proposed development areas; · the Municipality's historic current service standards for recreational and cultural facilities, fire and policing to determine the amount of capital infrastructure required for these services and the amount recoverable from development charges; · operating cost data, to determine the marginal cost impacts of operating and maintaining the new infrastructure; · evaluation of growth-issue, such as timing of development and impact on other development in the development areas and the balance of the Municipality; · consideration of Regional servicing issues; · average assessment data by property tax class to provide the basis for the assessment forecast for the expansion area. During this stage of the project the fiscal model will be developed. In many ways the model will resemble a development charges model. The model will provide for the capital servicing plans for each municipal service, identify the growth related net capital costs which are recoverable from development charges, and non-growth related capital funding requirements, as well as the ongoing operating costs arising from development of the expansion areas. The model will also include elements that go beyond a development charges model - one module will provide assessment forecast for the expansion areas. The model will also include the value of capital infrastructure that will be developed within plans of subdivisions and the operating and maintenance costs associated with this infrastructure. The model will be user friendly and flexible, so that assumptions can easily be revised. HEMS ON 6 3. Financial Impact Analysis During this stage of the study we will use the model to develop the capital and operating cost/revenue forecast for development in each of the expansion areas. Each service will be analyzed separately. a. Capital Forecast A capital forecast will be developed for each service based on the servicing requirements identified by departments. The capital forecast will consider two types of capital: · Growth-Related Capital to be emplaced by the Municipality. This would include the roads works, the construction of storm drainage facilities, impact on Community Services, fire stations, expansion of fire fleets, etc. As with a development charges study, the portions of projects to be financed from development charges as well as portions requiring non- development charge funding (e.g. non-growth shares, 10 per cent discount portion) will be identified. The latter costs will affect tax rates either as debt charge financing or capital from current. For "soft" services such as Community Services, this will require identification of the Municipality's ten year average service level so that the amount of funding to come from development charges can be calculated. · Capital Received Through Dedication - the amount of servicing to be emplaced within residential and non-residential subdivisions will need to be estimated by departments. This includes the length roadways, sidewalks, etc., so that the operating and maintenance costs associated with these services can be quantified. b. Operating Costs and Revenues The analysis of operating costs for the expansion area will be based on the Municipality's 2007 budget. Costs/revenues will be developed for key services on a program or sub-program basis, e.g. $/lane km for winter maintenance vs. $/km of road shoulder maintenance. Costs will be forecast on a marginal basis, exclusive of departmental and central administrative costs, for our experience suggests the loading of "overheads" is not as realistic as it once was. It is proposed that these costs be isolated, and their growth forecast at independent rates based on assumptions defined through discussion with departmental representatives. The analysis of operating costs and revenues will be exclusive of debt charges or other capital financing. Capital financing requirements (debt, capital from current) will be considered in the capital forecast. HEMSON 7 Operating revenues will be forecast by service based on either average consump- tion figures per development type (residential vs non residential) for roads (trip generation), or based on the Municipality's average cost/revenue ratios for services such as recreation centres. Adjustments to these averages may be required if departments anticipate different demand levels in the expansion area. The net operating cost impact will be calculated by service, and the total net operating cost impact to be met through property taxation will be determined. Property tax revenue will be based on a forecast of assessment for each of the expansion areas based on average assessments for the different property types and reflective of the appropriate tax classes. c. Overall Impact The resulting financial requirements determined in the forecasts of capital requirements, operating costs and revenues will be consolidated to determine the overall fiscal impact on the Municipality of the proposed developments. Annual tax impacts will be calculated to build-out of each of the development areas. 4. Preliminary Findings Meetings The preliminary results of the financial impact analysis will be presented in workshop sessions to the Project Working Group, developer representatives, and members of Council for their input and review. 5. Establish Growth Scenarios With the assistance of the Project Working Group and senior municipal staff a number of growth scenarios for the Municipality will be established. The growth scenarios will consider the rate and quantum of growth arising out of the six developments as well as the Municipality as a whole. Particular attention will be paid to determining the degree to which the six developments displace growth anticipated in the Municipality or stimulate growth over and above that already projected for the Municipality in the 2005 Development Charges Background Study. The growth scenarios will include a base case in which growth, and the timing and cost of future infrastructure, proceeds according to the forecasts in the 2005 Development Charges Background Study. HEMSON 8 6. Prepare and Present Report With direction from Municipal staff, a draft report will be prepared. The focus of the report will be the financial impact of each of the growth scenarios established in Step 5. The report will summarize the capital and operating cost/revenue forecasts and resulting fiscal impacts as calculated in Step 3 for each of the growth scenarios. The report will also summarize the capital and operating cost/revenue forecasts by service, the key assumptions on which the forecasts were based, and will identify the overall fiscal impact on the Municipality in terms of a tax impact and on development charge reserve funds. Detailed capital and operating cost/revenue forecasts by service will be included as appendices. The report will be presented to the Project Working Group in August for their review. The workplan provides for presentation of the final report to the Municipality's General Purpose and Administration Committee and the public. Two additional meetings with developer representatives prior to finalization of the report are also incorporated into the workplan. HEMSON 9 III EXPERIENCED CONSULTING RESOURCES Will BE ASSIGNED TO THIS STUDY A very strong consulting team with extensive experience in the development of fiscal impact models and development charges is proposed for this study. A brief summary of our firm and the study team members who will be involved in the study follows. A. HEMSON HAS EXTENSIVE EXPERIENCE IN FISCAL IMPACT MODELING Hemson Consulting Ltd. was incorporated in 1983. The firm specializes in public policy advice in the areas of municipal finance, development planning, demographic and economic forecasting, and real estate valuations. The staff includes finance professionals, planners, demographers, real estate specialists and economists. Hemson's offices are located in Toronto. Hemson has developed some of the most detailed municipal financial models for long-range financial planning and fiscal impact analysis in the Province, dealing with the full range of municipal services in many different situations. We have recently completed and are working on a number of fiscal impact models for a variety of municipal clients including; the Cities of Brampton, Vaughan and Peterborough, Towns of Innisfil, Blue Mountains and New T ecumseth and many others. We have also recently completed a detailed Long Range Financial Plan for the City of Greater Sudbury. Financial impact models have also been developed for the Town of Richmond Hill, the Town of Markham and the Region of Peel. The firm is also highly regarded by both its municipal clients and the development industry for its aggressive, yet fair, reasonable and thorough approach to development charges. B. THE CONSULTING TEAM HAS HIGHLY EXPERIENCED PROFESSIONALS For this assignment, we are proposing a very strong consulting team with extensive experience in long range financial planning for municipalities. HEMS ON 10 Craig Binning, Partner - Craig has extensive experience with long-range financial planning and the Development Charges Act for municipalities. He has recently directed the development of a number of long-range financial planning models, including those for the Town of Aurora and Town of Innisfil, and currently is leading similar projects for the Town of the Blue Mountains and City of Peterborough. Craig has directed numerous development charge studies under the Development Charges Act, 1997, including for: the Municipality of Clarington; the Cities of Thorold, Aurora, Windsor, Peterborough and Owen Sound; the Towns of Innisfil, New Tecumseth, Penetanguishene; and the Townships of Springwater, Brock, Scugog and Uxbridge. Craig also assisted the Region of York on the transportation component of its most recent development charges study. Russell Mathew, Associate Partner - Russell has 20 years of professional experience in demographic and economic forecasting, strategic planning and land economics. He has prepared forecasts of population, housing and employment for all major cities in Canada and for most municipalities in southern Ontario. Russell has directed and/or undertaken all of the firm's demographic and economic forecasting work over the past 15 years including Clarington's 2005 development charges study. He has also managed many growth management projects throughout southern Ontario. Stefan Krzeczunowicz, Consultant - Stefan will be assisting Craig throughout the assignment. Stefan has experience in all aspects of fiscal impact and development charge studies and has recently been involved in studies on behalf of Clarington, Halton Hills, and the Counties of Grey and Peterborough. He has been assisting Craig with the financial impact analysis of the North Newcastle Village development. HEMSON 11 IV CONSULTING ARRANGEMENTS AND BUDGET The proposed total upset budget for this study, including professional fees and disburse- ments, is $59,625. The budget is summarized by major work task in Exhibit 2. Invoices will be submitted monthly indicating time spent and expenses incurred on your behalf. Questions concerning this proposal may be directed to Craig Binning, at (416) 593-5090 (ext. 20). Yours very truly, HEMSON Consulting Ltd. ~ Craig Binning Partner HEMSON N I- iD ~ x W I- Z W ::E a.. o ...I W z> OW I-C ~3:1- ~ww a::z~ <LLC ...I0::l UenlJl LL-C oenW ~~en _<0 ...IZa.. <<0 !:!:I-a:: UUa.. Z~ ::l::E ::E_ ...I < U Z < Z u:: ...I < I- o I- III Gl Gl LL Gl E i= c;; ~ c: Z o i= 'iij ...I III ::l ~ en o z ... 0 a.. 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