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HomeMy WebLinkAboutTM-85-79 TM-85-79 To: His Wouhip the Mayon and ffi-mbe,,Ls o6 Councit FROM: A. C. GuiZeA, Town ManageA DATE: Juty 20th., 1979 SUBJECT: Report to Councit on the H"tmy o� the CouAtice Heights Development The dot towing nepont ,is the vaba,2 ,epot,t given to a Speciot Meeting o4 Councit on Juty 20th, 1979. Recommendation: Receive /ok Zn�oAmat on. 1. O.H.A.P. Agreements were negotiated with the Minister of Housing and signed on March 11th, 1977. First Agreements provided a grant to the Municipality which was determined on the basis of family incomes. The first half of which was conditional on draft plan approval of the two subdivisions which amount to $249,000. The second 50o was to be payable to the Town on issuance of building permits provided those permits were issued on or before March 31st, 1978. The Municipality tried to secure the second 50o from the Ministry of Housing, but no extensions were granted to the March 31st, 1978 deadline, and the municipality would be allowed to retain the $249,000 already received providing that a Subdivision Agreement was signed 30 days after the O.M.B. had approved the two plans for draft approval and the appropriate Zoning By-laws. The Subdivision Agreements were prepared in this time frame and signed on July 6th, 1978. The $249,000 was set aside in a separate Reserve Account. Second Agreement - provided the Town with an interest free loan to assist in payment of the project described in Schedule "B" of the Agreement. These interest free loans were to be received by the Municipality on the following basis: North Subdivision Construction. . . . . . . . . . . . . . . . . .$62,340 Land, Survey & Legal. . . . . . . . . . 14,490 Total estimated project cost. . . . . . . . . . . .$ 76,830 South Subdivision Construction. . . . . . . . . . . . . . . . .$182,520 Land, Survey & Legal. . . . . . . . . 79,850 Total estimated project cost. . . . . . . . . . . .$262,370 Total estimated gross project cost. . . . . .$339,200 from which they deducted $56,500 as C.M.H.C. grant estimate. Total estimated loan from the Minister $339,200 less C.M.H.C. grant of $56,500 = $282,700 (1) f Question No. 1 - To O.H.A.P. Representative Is the C.M.H.C. Grants still available for the Program? Under the agreement Section 2(1) on Page 3 the Town has agreed as follows: - 112. (1) The Town shall cause the project described in Schedule B to be designed and constructed with sufficient capacity to service the Land in accordance with good engineering practice. (2) The Town shall cause construction of the project described in Schedule B to be completed, as far as may be practicable, in sufficient time to permit the Developer to fulfill its obligations under the Developer's agreement and to continue in appropriate stages until completion. (3) The Town shall provide the Minister with evidence of Ontario Municipal Board approval of the project described in Schedule B and of approval to borrow and repay the loan amount set out in Schedule B. (4) The Town shall in consultation and concert with such other authorities as may be deemed necessary and appropriate, endeavour to expedite the granting of all planning approvals and the passing of any by-laws, and generally do everything within its jurisdictions to enable the Developer to fulfill its obligations under the Developer's agreement and to proceed with the development of the land. " This agreement also provides for a repayment schedule requiring all monies loaned to the municipality are to be repaid in full within five years of the money being advanced by the Minister. The agreement also provides that the municipality must receive Ontario Municipal Board approval in accordance with Section 1(1) . 111 . (1) The Minister shall advance only such parts of the moneys on the loan from time to time as have been approved by order of the Ontario Municipal Board for the said projects pursuant to the Ontario Municipal Board Act." (2) � I 111. (3) The Minister may consider a request from the Town ------------------------------------ for an adjustment in the amount of the loan to ---------------------------------------------- reflect more_closely_the_cost_of_constructiona" Section 1. (3) of the agreement provides for a possible adjustment in the amount of the loan to reflect more closely the cost of construction and this Section raised the following questions to the O.H.A.P. representative. Question No. 2 How does your Ministry interpret the words "may consider" given a significant increase in the estimated project cost? SUBDIVISION AGREEMENTS The Subdivision Agreements follow the standard form that members of Council are familiar with and a copy of both Subdivision Agreements are provided for you to follow the conversation. For the purpose of the meeting we would like to review two schedules in each agreement. Those are Schedule "D" Levies and Schedule "B" External Works. To make our discussion easier to follow we have set out the financing in the Schedule which is being passed out to you now. As you will note on the summary page - Total levies to be derived are. . . . . . .$1,576,500 - Other Revenues. . . . . . . . . . . . . . . . . . . . . . .$ 249,000 - Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$1,825,500 Based on conservation cost estimates for construction and land costs for the provision of external services, roads and storm drainage works up to 1979 the total estimated cost to the Town will be $1,357,263., leaving us with an estimated amount of $468,237 for other Municipal Capital costs which would be associated with the development e.g. development of a� rks. The phases of the payment of development levies was designed initially to provide for the repayment of the O.H.A.P. loans over the five year repayment schedule as specified in the O.H.A.P. agreement and to provide the Municipality with the funds to carry out the necessary construction of external roads. This was to coincide with the development of the Subdivisions. (3) � f STORM WATER MANAGEMENT PROGRAM A Storm Water Management Study was requested by C.L.O.C.A. in 1977. In 1977-78 the Sernas concept was approved by the Municipal Board as per the following statement made by Blain in his decision. "the schemes for storm water management presented to the Board were conceptual in nature, and the final design is to be worked out and forwarded to the applicable agencies for approval, after draft approval is granted. The Board is satisfied that additional run-off into Farewell Creek can be accommodated with appropriate erosion control measures. The matter of acquiring lands outside the subdivisions to implement a storm water management scheme is the responsibility of the Town of Newcastle." The Conservation Authority had previously approved the Sernas Storm Water Management concept. In discussion with R. Patchel of Totten, Sims $ Hubicki the Planning Director was advised that it is possible to accept the Storm Water Management scheme prepared by M. Sernas & Associates as a "given" in the preparation of the overall Storm Water Drainage Plan for Courtice. It is also understood that if we accept the Sernas proposal that one of two things could happen. Firstly, the study may show there could be a reduction in land requirements for the Sernas proposal. Secondly, it could how that by accepting the Sernas proposal the municipality may incur greater costs in trying to fit other drainage works into the Sernas Proposal. Question No. 3 Is the Town satisfied that the Sernas Drainage Concept will adequately control Storm Water and Surface Run Off in the Courtice Drainage Area? If Council is of the opinion that the Sernas Concept is satisfactory then it is appropriate for Council to pass the resolution prepared by the Town Solicitor to expropriate the necessary storm water easements. (4) In any case the Town should immediately undertake the preparation of Storm Water Management Plan for the Courtice Drainage Area. It would be appropriate for Council to request by Resolution the Conservation Authority to initiate a project .to fund 550 of the Study and the Town of Newcastle agree to bear the other 45% as the benefiting municipality. If Council is in agreement with the Sernas proposal then no further action is required on the Planning Director's report other then the implementation of the Storm Drainage Study. (5) SUMMARY OF SCHEDULES A & B 1979 Total Total Revenue Revenues Other Estimated Minus "Levies" Revenues Town Cost Costs North Subdivision 18T76048 $ 438 , 000 $ 356, 139 123, 196 ($ 41 ,335). South Subdivision 18T76027 $1,138,500 $ 395,644 407,284 $ 335,572 O.H.A.P. Agreement No . 1 $249, 000 $ 75,000 $ 174, 000 $1 ,576 ,500 $249,000 $1 ,357,263 $ 468 ,237 A-T "SOUTH SUBDIVISION" 18T-76027 Total levies to be derived as set out in Schedule "D" is $1,138,500.00 which represents 759 units x $1,500. SCHEDULE "P" 1) External Road Systems 1978 Estimates 1979 Estimates Trull 's Road South Total Cost Town Share Developer Share Construction $411,340 $317,675 $ 93,665 $452,474 Engineering 4 Cont. 61,700 47,650 14,050 67,870 $473,040 $365,325 $107,715 $520,344 Prestonvale Road South Total Cost Town Share Developer Share Construction $348,460 $307,850 $40,610 $383,306 Engineering & Cont. 52,269 46,177 6,092 5711'496 $400,729 $354,027 $46,702 $440,802 TOTAL EXTERNAL ROAD COSTS $873,769 $719,352 $154,417 $961,146 Town Share. . . . . . . .$791,287 Developer Share. . . 169,859 $961,146 Total Preliminary Cost Estimate Based on a 10% Increase for one year. A-2 Town Share External Road Costs Based on 1979 Preliminary Cost Estimate. . . . . . . .$791,287. Less: M.T.C. Subsidy 50%. . . . . . . . . . . . . . . . . . . . . . . 395,643 Net Estimated Cost to Town. . . . . . . . . . . . . . . . . . . . . . .$395,644 � f A-3 "SOUTH SUBDIVISION" 18T-76027 Esternal Storm Water Control Project (Subject to O.H.A.P. Agreement) 1977 Cost Estimates 1979 Cost Estimates Construction . . . . .$182 , 520 Construction . . . . . $219, 024 Land Acquisition . 56, 000 Land Acquisition . 160, 000 Survey & Legal . . . 23 , 850 Survey & Legal . . . 28,260 $262 ,370 $407 ,284 B-1 "NORTH SUBDIVISION" 18T-76048 Total levies to be derived as set out in Schedule "D" is $438,000 which represents 292 units x $1,500. SCHEDULE "P" 1978 Estimates 1979 Estimates Trull 's Road North Total Cost Town Share Developer Share Construction $478,850 $382,315 $ 96,535 $526,735 Engineering 71,827 57,347 14,840 79,010 $550,677 $439,662 $111,015 $605,745 Nash Road Total Cost Town Share Developer Share Construction $213,000 $180,750 $ 32,250 $234,300 Engineering 31,950 27,112 4,838 35,145 $244,950 $207,862 $ 37,088 $269,445 Total External Road Costs $795,627 $647,524 $148,103 $875,190 Town Share.. . . . . . . . . .$712,277 Developer Share. . . . . . 162,913 $875,190 Total Preliminary Cost Estimate Based on a 10% Increase for one year. i B-2 Town Share External Road Costs Based on 1979 Preliminary Cost Estimates . . . . . . . . . . . . . . . . . . . . . . . . . .$712,277 Less: M.T.C. Subsidy 50%. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 356,138 Net Estimated Cost to Town. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$356,139 B-3 "NORTH SUBDIVISION" 18T-76048 External Storm Water Control Project (Subject to O.H.A.P. Agreement 1977 Estimated Cost) 1979 Cost Estimates Construction. . . . . . . . . .$62,340 $ 74,808 Land Acquisition. . . . . . 7,500 40,000 Survey & Legal. . . . . . . . 6,990 8,388 $76,830 $123,196