Minutes of the Special Meeting of the Board of Directors of the Metro Vancouver Regional District (MVRD), held at 9:13 a.m.
CARRIED It was MOVED and SECONDED
Minutes of the Regular Meeting of the Board of Directors of the Metro Vancouver Regional District (MVRD) held on Friday, March 27, 2020 Page 5 of 6 a) create a new statutory reserve for Regional Parks to receive, maintain and . provide funds for the purchase of Regional Park land and development of the park; and b) give first, second and third reading to the Regional Park Purchase and.
CARRIED 2.1 MVRD Residential Indoor Wood Burning Emission Regulation Bylaw
It was MOVED and SECONDED
CARRIED Directors Belenkie, Dingwall and McEwen voted in the negative
MOTIONS FOR WHICH NOTICE HAS BEEN GIVEN No items presented
- OTHER BUSINESS
- MVRD Board Committee Information Items and Delegation Summaries It was MOVED and SECONDED
CARRIED
RESOLUTION TO CLOSE MEETING It was MOVED and SECONDED
Section 90, subsection 2. Part of a meeting must be closed to the public if the subject discussed relates to one or more of the following:. b) the processing of information received and confidential in connection with negotiations between the regional district and a provincial government or the federal government or both, or between a provincial government or the federal government or both and a third party.
CARRIED L. RISE AND REPORT (Items Released from Closed Meeting)
ADJOURNMENT/CONCLUSION It was MOVED and SECONDED
CARRIED (Time: 10:13 a.m.)
Subject: Regional Parks Public Programming Strategy RECOMMENDATION .. a) endorse the Metro Vancouver Regional Parks Public Programming Strategy as presented in the report dated February 24, 2020, entitled "Regional Parks Public Programming Strategy"; and b) direct staff to the financial implications related to the promotion of the Strategy in the.
EXECUTIVE SUMMARY
PURPOSE
BACKGROUND
Research Phase: Interviews and surveys with internal stakeholders, external partners and stakeholders, and members of the public were coded and analyzed by strategic direction
Recommendation Phase: This report’s recommendations are guided by five strategic directions
STRATEGIC ALIGNMENT
Provide interpretative, educational and stewardship programs to enhance understanding and enjoyment of the natural environment
Increase opportunities for people to connect with, enjoy and be active in nature
- Advancing out Mission to “Protect & Connect”
- Maintain the primary purpose of regional parks as providing public access for recreational use
- Ensuring Financial Sustainability
- Explore and evaluate potential new revenue sources and their impacts, including
- Fostering Collaboration & Partnerships
- Explore opportunities with First Nations including co-management, cultural planning and co-operation for the provision of park services
- Expand community involvement in stewardship programs with a special focus on youth
PUBLIC PROGRAMMING STRATEGY Five Strategic Directions
Educational programming is relatively expensive, and Metro Vancouver Regional Parks must adhere to sound financial management and strategic long-term planning. The recommendations are consistent with the Metro Vancouver Board Strategic Plan's Regional Park Services Performance Indicator to explore and evaluate potential new revenue sources.
IMPLEMENTATION FOCUS 2020 - 2025
ALTERNATIVES
That the MVRD Board
That the MVRD Board receive for information the report dated February 24, 2020, titled “Regional Parks Public Programming Strategy” and provide alternate direction
FINANCIAL IMPLICATIONS
CONCLUSION
Unserved School Groups Profile
We have a busy clientele with school groups like Ms. Pereira's—except that as a teacher in a low-income area, she hasn't had the resources to learn about or take advantage of what the program has to offer. To date, the program has offered repeat programs to a subset of regional schools, while several hundred local schools go completely unserved.
Culturally Diverse Families Profile
Ms. Pireira has never heard of Metro Vancouver Regional Parks programming and doesn't know (yet) that she can take advantage of local, fun, curriculum-based programs that are just a short bus ride away. Moving forward, the program will be extended through active promotions to underserved schools: schools with high economic needs and those where children have limited access to nature.
Existing Adult Audiences Profile
Young Adults Profile
Are Metro Vancouver Regional Parks programs that achieve an appropriate mix of age, gender and cultural diversity. 7 Are there audiences that you feel Metro Vancouver Regional Parks should be reaching but is not. 9 Do you see challenges or opportunities in the way Metro Vancouver Regional Parks promotes its programming.
There is certainly interest in nature-themed day camps; this could be a revenue generating opportunity for Metro Vancouver Regional Parks. How must Metro Vancouver Regional Parks programming adapt to meet the changing needs of a diverse and growing population. Generally, Metro Vancouver Regional Parks programming falls within the low to mid end of regional rates.
2019 REGIONAL PARKS CAPITAL EXPENDITURES Regional Parks Capital Program Funding
That the MVRD Board receive for information the report dated February 28, 2020, entitled "Status of Capital Expenditures of Regional Parks until December 31, 2019". In 2019, annual capital expenditures for the Regional Park Services were $18.8 million compared to an amended capital budget of $19.4 million. To submit to the Regional Parks Committee a report on the financial performance of the Regional Parks capital program for the year ending December 31, 2019.
Regional Parks Capital Expenditure Status as of December 31, 2019 Parks Committee Regular Meeting Date: April 1, 2020 Page 2 of 3.
Regional Parks Capital Budget Amendments
2019 Capital Program Progress
- Detailed Regional Parks Capital Expenditure Summary 2. Regional Parks Capital Project Status Information
For 2019, the Regional Parks capital budget underspend was approximately $600,000, or 2.9%, contributing to the overall surplus in capital funding. These funds will remain in their respective regional parks reserves according to the policy and will be used in future years to fund capital. Underspending in the 2019 Regional Parks capital budget resulted in the realization of a capital surplus of approximately $600,000.
Any surpluses, per policy, will remain in the regional parks' reserves and will be used to fund capital in future years.
A TTACHMENT 1
Regional Parks Services Capital Project Status Information
Sheep Paddocks Trail
Aldergrove Management Plan Implementation
Service Yard Buildings
Detailed design is underway, and construction of a service yard to support both the Capilano River and Grouse Mountain Regional Parks will begin in the second half of 2020 and be phased over the next two years.
1307, 2020 RECOMMENDATION
1307, 2020 and consider its adoption to approve a request to borrow from the Township of Langley in an amount related to three loan authorization bylaws, the purpose of which includes the construction of the McLeod Athletic Park and land purchases.
MUNICIPAL BORROWING REQUEST
Request Details
MVRD
Financial Analysis
Projected Regional Borrowing
That the MVRD Board receive for information the report dated April 15, 2020, titled “Township of Langley – Metro Vancouver Regional District Security Issuing Bylaw No.1307, 2020”
If the board approves Alternative 1, the City of Langley will proceed with borrowing in connection with three loan authorization statutes for the purpose of McLeod Athletic Park construction and land acquisition. Under Alternative 2, the City of Langley would be unable to borrow the funds needed for its intended purposes and would have to seek other sources of financing, potentially creating unnecessary financial hardship for the City. The City of Langley meets the legal requirements and has the legislative authority to make the planned infrastructure loans.
Staff recommends consenting to the Township of Langley loan and adopting the security issuance bylaw as described in Alternative 1.
Attachments
Although all member debt is the joint and several liability of all member municipalities, there are no direct financial implications for Metro Vancouver with the passage of the bylaws.
METRO VANCOUVER REGIONAL DISTRICT BYLAW NO. 1307, 2020
A Bylaw to Authorize the Entering into a Financing Agreement with the Municipal Finance Authority of British Columbia in the Amount of $85,987,360 (Canadian)
Member Loan Authorization
Bylaw Number Purpose
Amount of Borrowing
Amount Already
Borrowing Authority
Term of Issue
Amount of Issue
85,987,360 AND WHEREAS the Regional Board, by this bylaw, hereby requests such financing shall be undertaken
- The Regional Board hereby consents to financing the debt of the Township of Langley in the amount of eighty five million, nine hundred and eighty seven thousand, three hundred sixty
- The Authority is hereby requested and authorized to finance from time to time the aforesaid undertakings at the sole cost and on behalf of the Regional District and its member municipalities
- Upon completion by the Authority of financing undertaken pursuant hereto, the Chair and officer assigned the responsibility of financial administration of the Regional District, on behalf
- The Agreement in the form of Schedule “A” shall be dated and payable in the principal amount or amounts of monies and in Canadian dollars or as the Authority shall determine and subject to
- The obligation incurred under the said Agreement shall bear interest from a date specified therein, which date shall be determined by the Treasurer of the Authority, and shall bear interest
- The Agreement shall be sealed with the seal of the Regional District and shall bear the signature of the Chair and the officer assigned the responsibility of financial administration of the Regional
- The obligations incurred under the said Agreement as to both principal and interest shall be payable at the Head Office of the Authority in Victoria and at such time or times as shall be
- During the currency of the obligation incurred under the said Agreement to secure borrowings in respect of Township of Langley McLeod Athletic Park Capital Works Loan Authorization Bylaw
- The Regional District shall provide and pay over to the Authority such sums as are required to discharge its obligations in accordance with the terms of the Agreement, provided, however, that
After the Authority has completed the funding under this, the Chairman and the officer assigned responsibility for the financial administration of the regional district, on behalf of the responsible assigned responsibility for the financial administration of the regional district, on behalf of the regional district and under its seal shall, at such time or times as the Trustees of the Authority may request, enter into and deliver to the Authority one or more agreements, which agreement or agreements shall be substantially in the form attached as Appendix "A". The agreement shall be sealed with the seal of the regional district and shall bear the signature of the chairman and the officer assigned responsibility for the financial administration of the chairman's region and the officer assigned responsibility for the financial administration of the regional district. The obligations under the said agreement in respect of both principal and interest shall be payable at the head office of the Authority in Victoria and at such time or times as shall be payable at the head office of the Authority in Victoria and at such times as the Treasurer of the Authority may determine.
The Authority Act is paid into the debt reserve fund established by the authority in connection with the financing that the authority undertakes on behalf of the regional district in accordance with the agreement.
Metro Vancouver Regional District
THE TOWNSHIP OF LANGLEY
This by-law may be cited for all purposes as "Mcleod Athletic Park Capital Works Loan Authorization By-law 2019 No. To borrow upon the credit of the municipality a sum not exceeding one million nine hundred and nineteen thousand dollars). Pursuant to the Local Government Act, I hereby certify, that Bylaw No. 5507, cited as the “2019 McLeod Athletic Park Capital Works Loan Authorization Bylaw No.
5507” of the Township of Langley has been lawfully and validly made and promulgated, and that its validity is not on any ground in question in any court of British Columbia.
LAND ACQUISITION LOAN AUTHORIZATION BYLAW 2019 NO. 5508
The Council is hereby empowered and authorized to undertake and carry out or cause to be carried out the acquisition of land generally in accordance with general
The maximum term for which debentures may be issued to secure the debt created by this bylaw is 30 years
WENDY BAUER TownahlP. Clerk
In accordance with the Act on Local Administration, I confirm that by-law no. 5508, referred to as the "2019 Land Acquisition Authority for Loan Approval No. 5508" of the Municipality of Langley, is lawfully and validly passed and accepted and that its validity is not subject to question in any court of British Columbia.
STRATEGIC LAND ACQUISITION LOAN AUTHORIZATION BYLAW 2019 NO. 5509
The Council is hereby empowered and authorized to undertake and carry out or cause to be carried out the land acquisition generally in accordance with general
The maximum term for which debentures may be issued to secure the debt created by this bylaw is 30 years
NOY BAUER Township Clerk
Under the authority of the Local Government Act, I certify that Bylaw No.5509, cited as "Strategic Land Acquisition Loan Authorization Bylaw 2019 No. 5509" for the Township of Langley has been lawfully and validly made and enacted and that its.
THE CORPORATION OF THE TOWNSHIP OF LANGLEY
- Schedule “A”, being the Revenue Plan Objectives and Policies, attached hereto and forming part of this bylaw is hereby adopted as the 2020 – 2024 Five Year Financial Plan of The
- Schedule “B”, being the Financial Plan, attached hereto and forming part of this bylaw is hereby adopted as the 2020 - 2024 Five Year Financial Plan of The Corporation of the
- The proportions of revenue proposed to come from the various funding sources;
- The distribution of property taxes among property classes; and 3. The use of permissive tax exemptions
- Proportion of total revenue from various funding sources
Schedule "A", which is the goals and directions of the revenue plan attached to and made a part of these articles of association, is hereby adopted as the five-year financial plan of the company. A portion of this bylaw is hereby adopted as the five-year financial plan of the Corporation of the Township of Langley. Exhibit “B” being the financial plan attached hereto and made a part of these bylaws is hereby adopted as the five year financial plan of the Corporation of the Corporation of Langley. In accordance with the disclosure requirements of the Community Charter, the Township of Langley discloses the following information.
Funding Sources Capital Budget Funding Sources
Distribution of estimated 2020 (2019) property taxes among the various property classes Property
Class Property Class Description
2020 (Est) Property tax
Revenue %
2019 (Act) Property tax
Use of Permissive Tax Exemptions
THE CORPORATION OF THE TOWNSHIP OF LANGLEY DEVELOPMENT COST CHARGE RESERVE FUND
DEVELOPMENT COST CHARGE RESERVE FUND EXPENDITURE BYLAW 2020 NO. 5564
TOTAL
This bylaw shall be cited as “Development Cost Charge Reserve Fund Expenditure Bylaw 2020 No. 5564”
There is hereby authorized to be expended from the monies set aside and any interest earned thereon pursuant to the Bylaw entitled “Development Cost Charge Reserve Fund
LIABILITY SERVICING LIMIT CERTIFICATE
ANNUAL REPORT
Sinclair CPA, CGA Director of Finance
KPMG LLP is a Canadian limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
INDEPENDENT AUDITORS' REPORT
- OPERATIONS
- SIGNIFICANT ACCOUNTING POLICIES
- CASH, CASH EQUIVALENTS, AND INVESTMENTS
- ACCOUNTS RECEIVABLE
- ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
- DEFERRED REVENUE
- DEVELOPMENT COST CHARGES
- DEBT AND AGREEMENTS PAYABLE
The notes to the consolidated financial statements are an integral part of the statements and explain the important accounting policies and principles on which the statements are based. The Corporation of the Municipality of Langley ("Borough") is established under the Local Government Act of British Columbia. The general resources and activities of the municipality are separated into operational, capital and reserve funds.
The budget information presented in the consolidated financial statements reflects the budget component of the municipality's five-year financial plan for 2018, which was adopted in February by council statute no. 5342.
ACCUMULATED SURPLUS
STATUTORY RESERVE FUNDS
CONTINGENCIES AND COMMITMENTS
COLLECTIONS FOR OTHER GOVERNMENTS
MUNICIPAL PENSION PLAN
EMPLOYEE FUTURE BENEFITS
SIGNIFICANT TAXPAYERS
TRUST FUNDS
BUDGET DATA
SEGMENTED INFORMATION
CONTRACTUAL RIGHTS
COMPARATIVE FIGURES
The municipality issues long-term debt debt instruments through the Municipal Finance Office (MFA) in accordance with the statute on the issuance of securities. Reserve sinking fund balances are managed by the MFA and are used to retire debt instruments. The municipality must also make annual repayments in an amount that varies based on annual property taxes.
As of December 31, 2018, the Municipality has also secured interim financing of $11,250 from the MFA for various capital projects to be repaid over 20 years pending the issuance of long-term securities in 2018.
TOWNSHIP OF LANGLEY