Coldstream Agenda Highlights May 26.

• Monday, May 26, 2008 Agenda - 190Kb
• District of Coldstream 2007 Audited Financial Statements Financial Statements from BDO Dunwoody, for the year ended December 31, 2007
  
• Sewer: Funding for Upgrades, Sewer Rates, and Timely Hook­Ups AND THAT the District adopt a 50/50 policy for sewer upgrades, whereby 50% of the projected cost is built up in reserves, and 50% is borrowed at the time the project is commenced;
  AND THAT in conjunction with the 50/50 financing policy, the quarterly residential sewer user rate be reduced from $142 to $126, commencing withthe billing for the second quarter of 2008; AND THAT customers fronting on sewer mains be required to hook up within five years and be charged the rate of $85 per quarter immediately upon sewer main completion, such rate to be adjusted in conjunction with rate changes to the fixed­fee portion of the quarterly sewer charges; AND THAT customers fronting on the Kalamalka Road sewer extension from McClounie Road to Mackie Drive be required to hook up by the end of December 2012 and be charged the rate of $85 per quarter commencing with the billing for the third quarter of 2008, such rate to be adjusted in conjunction with rate changes to the fixed­fee portion of the quarterly sewer charges;
• At their Regular Meeting held May12, 2008, Council requested staff draft a policy with respect to waiving building permit fees for charitable non­profit organizations. The Director of Financial Administration has prepared a draft policy that can be applied to requests from volunteer groups and organizations for a waiver of various fees.