BYLAW NO. 1632 - Development Cost Charge Reserve Expenditure Bylaw No. 1632, 2015

BYLAW NO. 1632 - Development Cost Charge Reserve Expenditure Bylaw No. 1632, 2015

CITY OF LANGFORD

BYLAW NO. 1632

A BYLAW TO AUTHORIZE THE EXPENDITURE OF FUNDS FROM THE DEVELOPMENT COST CHARGE RESERVE FUND.

WHEREAS Council of the City of Langford has established and accumulated development cost charge reserves for road, drainage, parkland acquisition and parkland improvements

AND WHEREAS the Council deems that it is expedient and desirable that the City of Langford perform road, park and drainage improvements;

NOW THEREFORE the Council of the City of Langford, in open meeting assembled, hereby enacts as follows:

1. The expenditure of up to $1,478,000 from the Development Cost Charge Road Reserve Fund is hereby authorized for South West Quadrant Interchange Ramp; and

2. The expenditure of up to $376,000 from the Development Cost Charge Drain Reserve Fund is hereby authorized for Willing Storm Drain; and

3. The expenditure of up to $22,000 from the Development Cost Charge Roads Reserve Fund is hereby authorized for Re-alignment of Leigh/Goldstream Intersection; and

4. The expenditure of up to $578,000 from the Development Cost Charge Roads Reserve Fund is hereby authorized for Leigh Road Upgrade – Goldstream to Dunford; and

5. The expenditure of up to $526,000 from the Development Cost Charge Roads Reserve Fund is hereby authorized for McCallum Road Connector; and

6. The expenditure of up to $22,500 from the Development Cost Charge Roads Reserve Fund is hereby authorized for WestShore Parkway Extension; and

7. The expenditure of up to $365,000 from the Development Cost Charge Roads Reserve Fund is hereby authorized for McCallum – Florence to Springboard Road; and

8. The expenditure of up to $9,100 from the Development Cost Charge Parkland Improvements Reserve Fund is hereby authorized for work on Langford lake Beach Improvements; and

9. The expenditure of up to $45,000 from the Development Cost Charge Parkland Improvements Reserve Fund is hereby authorized for work on Langford Hiking Trails; and

10. The expenditure of up to $26,000 from the Development Cost Charge Parkland Reserve Fund is hereby authorized for Veterans Memorial Park Playground Improvements; and

11. The expenditure of up to $95,000 from the Development Cost Charge Parkland Improvements Reserve Fund is hereby authorized for Green Initiatives; and

12. The expenditure of up to $55,000 from the Development Cost Charge Storm Drainage Reserve Fund is hereby authorized for DCC bylaw update; and

13. This Bylaw may be cited as the “Development Cost Charge Reserve Expenditure Bylaw No. 1632, 2015”.

READ A FIRST TIME this 2nd day of May, 2016.
READ A SECOND TIME this 2nd day of May, 2016.
READ A THIRD TIME this 2nd day of May, 2016.
ADOPTED this day of , 2016.

MAYOR

(Certified Correct)

CORPORATE OFFICER