The Town of Westlock is currently reviewing our Off-Site Levy Bylaw and we want to hear from you!
WHAT IS AN OFF-SITE LEVY?
An off-site levy helps pay for roads and municipal utility systems, such as water, storm, sanitary sewer required outside or "off" the site of a particular development or subdivision that will directly or indirectly serve that development. Developers pay for the full cost of infrastructure but are assisting the municipality by contributing to the costs of growth by paying a 'levy' towards capital costs related to things like storage, transmission, or treatment of supplying water; new or expanded facilities for the treatment, movement or disposal of sanitary sewage; new or expanded storm sewer drainage and new or expanded roads required for growth.
The Town's current Off-Site Levy Bylaw (Bylaw No. 2017-02) was adopted in 2017, which means its time for an update.
CURRENT VS. PROPOSED RATE
The Town of Westlock has engaged McElhanney Ltd. to calculate the off-site levy rates. The below table represents the current rate vs. the proposed rate.
*Weighted average rate - current bylaw utilizes different rates based on development area.
**New bylaw will propose a 2% increase to the rate per year due to inflation.
HOW THE RATE WAS DERIVED
The proposed rate was calculated utilizing a cash flow project model. The model uses assumptions for growth, interest & financing rates, and inflation to determine the levy. The below map shows the total development area that was included in the levy calculation. The proposed rate will be applicable town-wide.
HOW TO GET INVOLVED
Please provide your feedback by June 9th by visiting the link below:
Town of Westlock Off-Site Levy Bylaw Update Survey (surveymonkey.com)
Questions? planning@westlock.ca | 780-349-4444