The town is considering jumping its off-site levy fees by 27 per cent to help finance identified infrastructure projects.

On May 14, town councillors heard a proposal to jump the total off-site levies by about $50,000 per hectare. The town anticipates over $200 million in capital projects due to growth over the next 20 years and with this increase $140 million of the cost would be paid through off-site levies.

Should the proposal be approved, off-site levies would range from $220,960 to $254,477 per hectares, up from the current $170,896 to $201,262 applied for development in Cochrane. It's broken into seven infrastructure categories that largely centres upon water/wastewater needs and transportation.

Added to the list was a new category classified as "community amenities" that are pegged at $10,294 per hectare. It's a new source of funding recently made permissible by the changes to the Municipal Government Act and the town is applying to help offset some of the costs of developing the new police station expecting to break ground in 2019, currently estimated to cost $17.4 million. It would pay for 26 per cent of the cost of development.

The largest jump is an additional $43,000 per hectare to compensate for transportation needs.

The proposed off-site levy increase takes into account an $11 million increase in the cost of a Centre Ave. separated crossing that is now penciled in at $32 million. Two new transportation projects on the list are $6.6 million for Southbow South Section Phase 2 of the James Walker Trail and a $12.3 million Hwy. 1A-downtown intersection improvement.

The new off-levy structure calls for 40 per cent of the money being put up front by developers prior to endorsement of the subdivision/development permit and 60 per cent one year later. Currently, the town requires 50 per cent upfront but allow for developers to pay it over three years to ease the financial burden. Because of the significant number of high-cost infrastructure projects on tap, the town wants to improve their upfront cashflow.

The door has also been left open to consider applying off-site levies for recreation facilities and fire stations because of the MGA changes.

Council is holding a non-statutory public hearing on May 28.

The proposal climbs Cochrane to just below Airdrie for off-site levies collected but Medicine Hat remains the highest of municipalities used in comparison at $288,639 per hectare. Chestermere, Okotoks and Red Deer are all lower at this point in time.

More Local News

Breaking Out the Birthday Cake at Bearspaw Bench Exhibition

If they were using candles, organizers would have their hands full trying to light 50 of them for the birthday cake they'll be serving at this weekend's Bearspaw Bench Exhibition being held in…

VIDEO: No Greater Love Festival Rocked Cochrane

There was certainly love in the air at last weekend's (August 11 and 12) two-day Christian music festival. Despite the chilly weather, 'No Greater Love' saw roughly 5000 people come out to enjoy…

Bucking Horse Talent Uncovered at Tonight's Futurity

While riders are the main focus of many rodeo events, tonight's 7th annual Foothills Bucking Horse Futurity is all about emerging bucking stock. Futurity competitions not only give insight into the…

Art and Music Come Together at McDougall Mission on Saturday

Artists have embraced the idea of helping preserve the history of the McDougall Stoney Mission Church in a unique way by incorporating charcoal from the burned church into their creations. Some of…

Victim, Shooter Were Driving Eastbound; Tip Line Established

The German tourist shot on Hwy. 1A on Aug. 2 was actually travelling eastbound, not westbound as first believed, and made two brief detours just prior to being shot in the head by a passing motorist…

Many Perfect Moments on Goodship's Cycling Journey

A voyage of spiritual and personal discovery for Rev. Ray Goodship, of the St. Andrew's United Church, is nearing the end. Within a few weeks, he'll be dipping his bike into the waters of the harbour…

VIDEO: Thrills, Spills and First Responders

The 36th annual Calgary Police Rodeo was a smashing success with a record number of attendees and participants. Running two heats of most events, Mike Cavilla, President of the Calgary Police Rodeo…

This Weekend the Bulls are Back in Town

If you are looking for more rodeo action, you will want to take in Cochrane Classic Bull Riding this Saturday night (August 18). For 18 years, the meanest, rankest bulls have put the world's top bull…

Air Quality Health Index Expected to Reach Extreme

Smoke from British Columbia forest fires will continue to put air quality health index at an extremely high level in Cochrane and area and those having difficulty breathing are recommended to find an…

Canadian Families are Feeling the Tax Burden

A new report from the Fraser Institute is not showing good numbers when it comes to comparing income and taxes. According to the report, the average Canadian family pays 43 per cent of their annual…

CochraneNow.com is Cochrane's only source for community news and information such as weather and classifieds.

Search the Biz Guide

Login