Recommendation:
THAT the following resolutions from the Finance Committee meeting held on Tuesday, October 15, 2019 be ratified:
- Property Assessment Appeal Board Update:
FC19/077
THAT the Assessment Appeals Reserve be reduced from $775,000 (2019) to $25,000 for the 2020-2024 Five Year Financial Plan as recommended in the report dated September 20, 2019 from the Finance and Technology Department – Financial Services Division regarding Property Assessment Appeal Board Update;
AND THAT the resulting taxation impact be held within Class 4;
AND THAT the additional $750,000 collected in 2019 for the Assessment Appeals Reserve be returned to the Class 4 property owners impacted by the 2019 increase.
- Draft 2020-2024 Utilities Financial Plan:
FC19/078
THAT the 2020-2024 Utilities Five-Year Financial Plan be approved with revised Metro Vancouver charges incorporated once available as recommended in the report dated September 13, 2019 from the Finance and Technology Department – Financial Services Division regarding Draft 2020-2024 Utilities Financial Plan;
AND THAT the proposed 2020 fees for the Water, Sewer, and Solid Waste Utilities be included in the 2020 Fees Bylaw with revised Metro Vancouver charges incorporated once available.