2015-2018 Final Capital Plan -...
Transcript of 2015-2018 Final Capital Plan -...
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Council Meeting Sept. 30, 2014
2015-2018 Final Capital Plan
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Strategic Capital Investments (2015-18): $1.635B
Capital investments for the next 4 years: • 2015-18 Capital Plan ($1.085B new investments)
• multi-year projects from 2012-14
Capital Plan to be delivered in 2015/16 ($200M approved investments) • Rezoning-related in-kind amenities to
be delivered in the next few years ($300M approved investments)
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Capital Planning Framework
Long-term Strategies
& Plans (see below)
Public Engagement
10 Year Capital
Strategic Outlook
4 Year Draft
Capital Plan
4 Year Final
Capital Plan
1 Year Capital Budget
Public Engagement
Phase 2
Public Engagement
Phase 1 Plebiscite
Examples: Greenest City Action Plan, Housing & Homelessness Strategy, Transportation Plan, Healthy City Strategy, Cultural Plan
May Aug-Sept
July Sept
Nov 15
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• Public Engagement
• Proposed Investments
• Funding Strategy
Agenda
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Public Engagement – Approach
IDENTIFY PRIORITIES
REVIEW DRAFT CAPITAL PLAN
May 2014 Aug-Sept 2014
Draft Capital Plan
Final Capital Plan
NEW INITIAL PHASE
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It’s not easy to entice people to talk about finances. We tried to make it relevant to their lives.
Public Engagement – Communications
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Public Engagement – Participation
May 5 – 18: ~1,000 participants
Aug 15 - Sept 14: ~2,000 participants
• Open survey on web (963) • In-person events: 2 public,1 multi-group
workshop (30) • Stakeholder idea collection for Park
Board projects (44)
• Open survey on web (1,087) • Random sample survey (526 residents, 269
businesses) • In-person events - 2 public,1 multi-group
workshop, individual group meetings (155)
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Public Engagement – Participation
Capital Plan Open Survey Random Sample Survey
2003-2005 236 no survey
2006-2008 372 636 residents
2009-2011 137 600 residents & 300 businesses
2012-2014 200 600 residents
2015-2018 1,087 526 residents & 269 businesses
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What did we hear from the public when we went out in May?
Community Priorities – Prior to Draft Capital Plan
RENEWAL Top five city infrastructure
Waterworks
Sewers
Sidewalks
Seawall and trails
Natural areas
NEW Top three investment priorities
Rapid transit (TransLink)
Affordable housing
Childcare
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Explaining the Content of the Draft Capital Plan
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RANDOMLY RECRUITED SAMPLE • recruited by telephone and provided with a unique URL to complete
online • Two sample groups collected: Residents & Businesses • English & Chinese
OPEN SURVEY ON WEB (same questions) • vancouver.ca • Talk Vancouver panels • public open house events
Survey Methodology - Two-pronged Approach
Final results show similar responses from all sources
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Does draft plan reflect community priorities?
Response Open Survey Resident Sample Business Sample Yes 28% 23% 22%
Unsure/don’t know 31% 40% 42% No 41% 37% 36%
• 22-28% agree that the Draft Capital Plan reflects community priorities
• 31-42% are unsure
• 36-41% feel we didn’t get it right and of those, most want to see: o an increase for childcare o an increase for community
facilities
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Balance between renewal & new assets
• 71-74% agree that the Draft Capital Plan has the right balance between renewal & new assets
• those who disagree favour renewal over new assets
Response Open Survey Resident Sample Business Sample Yes 74% 74% 71%
Unsure/don’t know 12% 14% 11% No 13% 12% 18%
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Do you support proposed funding strategy?
Funding sources (who pays)
Payment methods (when to pay) • 52-54% are supportive
• 13-22% are unsure
• 26-34% are opposed
o comments referenced debt and developer contributions
Response Open Survey Resident Sample Business Sample Yes 53% 52% 53%
Unsure/don’t know 17% 22% 13% No 29% 26% 34%
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• Public Engagement
• Proposed New Investments
• Funding Strategy
Agenda
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Strategic Capital Investments (2015-18): $1.635B
Capital investments for the next 4 years: • 2015-18 Capital Plan ($1.085B new investments)
• multi-year projects from 2012-14
Capital Plan to be delivered in 2015/16 ($200M approved investments) • Rezoning-related in-kind amenities to
be delivered in the next few years ($300M approved investments)
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Affordable Housing
Parks & Recreation $125M
Childcare
Equipment & Technology
Community Facilities City Facilities
Utilities
Transportation
Parks and Recreation
Emerging Priorities
2015-18 Final Capital Plan: $1.085B New Investments
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Affordable Housing
Council Policies • Housing & Homelessness Strategy (2011) Guiding Principles • Non-market housing: maintain existing stock in
acceptable condition + increase supply • SROs: gradually replace with non-market
housing + upgrade conditions of existing stock Investment Strategies • optimize value for City contributions through
strategic partnerships • rationalize design to improve cost-
effectiveness • prioritize securing new units through rezonings
Partner with the Province, BC Housing & NPOs to achieve deeper affordability
Total Investments $362M
Target: 2,801 units (251 renewal + 2,550 new) + 400 SRO upgrades
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Renewal ($40 M) • 3 City-owned projects in DTES (251 units): Roddan, Central & Alexander • ongoing capital maintenance & renovations • capital grants for SRO upgrades (~400 rooms) New ($85 M) • 2,550 units of non-market rental:
• 30% City-owned projects • 45% non-City owned projects on City Land • 25% partner projects
• secure shelter & interim housing sites with partners
Public Feedback
Long-term priorities (Phase 1) • New: affordable housing ranked 2nd out of 7 priorities
2015-18 priorities (Phase 2) • support investments
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Affordable Housing
2015-18 Capital Plan Multi-year Projects (2012-14 Capital Plan)
Rezoning-related In-kind Amenity
$125M $67M $170M
Total City Investments $362M
Note: City contribution is expected to leverage over $200M of partner funding
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Affordable Housing
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Childcare
Council Policies • Healthy City Strategy • Economic Action Strategy (2011) Guiding Principles • maintain facilities in acceptable condition • increase supply Investment Strategies • optimize value for City contributions through strategic partnerships • rationalize design to improve cost-effectiveness • prioritize securing new spaces through rezonings
Partner with Park Board, Vancouver School Board & community partners to deliver childcare
Total Investments $49M
Target: 1,100 spaces (100 renewal + 1,000 new)
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Childcare
Renewal ($5 M) • 1-2 City-owned facilities (Britannia + one
additional) • ongoing capital maintenance & renovations • capital grants New ($25 M) • 400 daycare & pre-school spaces (0-4 yr old) • 500 before & after school care spaces (5-12
yr old) In-kind CACs • 100 new daycare & preschool spaces
Public Feedback
Long-term priorities (Phase 1) • New: childcare ranked 3rd out of 7 priorities
2015-18 priorities (Phase 2) • increase investments
2015-18 Capital Plan Multi-year Projects (2012-14 Capital Plan)
Rezoning-related In-kind Amenity
$30M $10M $9M
Final Plan
• prioritize in-kind amenities through rezoning
Total Investments $49M
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Childcare
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Parks & Recreation
Council Policies • Greenest City Action Plan (2011) • Park Board Strategic Plan (2012) • Urban Forest Strategy (2014) Guiding Principles • maintain facilities to acceptable conditions • accommodate needs to address growth
Investment Strategies • optimize value for City contributions through
strategic partnerships • explore co-location & functional integration
opportunities to enhance service level & cost-effectiveness
Total Investments $254M
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Parks & Recreation
Renewal ($82 M) • Britannia Phase 1 renewal • Marpole-Oakridge Community Centre renewal • Hastings Park/PNE renewal • ongoing replacement of park & open space
features New ($72 M) • 40,000-50,000 new trees • new parks (e.g. DT South, Fraser River
(Marpole), East Fraser Lands) • new sport facilities (e.g. track & field, synthetic
turf playfield, running tracks)
Public Feedback
Long-term priorities (Phase 1) • Renewal: seawall, natural areas & community centres ranked 4th, 5th & 6th out of 19 choices
2015-18 priorities (Phase 2) • add Marpole-Oakridge Community Centre renewal
Final Plan
• funding earmarked for Marpole-Oakridge Community Centre renewal in Emerging Priorities pending decisions on location & scope
2015-18 Capital Plan
Multi-year Projects (2012-14 Capital Plan)
Rezoning-related In-kind Amenity
$155M $24M $75M
Total Investments $254M
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Parks & Recreation
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Community Facilities: Libraries, Social & Cultural
Council Policies • Vancouver Public Library Strategy (2013-15) • Culture Plan for Vancouver Guiding Principles • maintain facilities in acceptable condition • accommodate needs to address growth &
changing demographics Investment Strategies • optimize value for City contributions through strategic partnerships • explore co-location & functional integration
opportunities to enhance service level & cost-effectiveness
Total Investments $143M
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Renewal ($30 M) • Evelyne Saller in DTES • Marpole Library • ongoing capital maintenance & renovations
• library branches • kitchen upgrades at Gathering Place & Carnegie Centre • cultural facilities
• capital grants (social, cultural, mural, heritage facades, DTES) New ($25 M) • Central Library expansion (Levels 8 & 9) –
increase in indoor public space + publicly accessible rooftop garden
• Qmunity relocation & expansion
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Community Facilities: Libraries, Social & Cultural
Public Feedback
Long-term priorities (Phase 1) • Renewal: libraries & cultural facilities ranked 9th & 14th out of 19 choices
2015-18 priorities (Phase 2): • increase investments
2015-18 Capital Plan Multi-year Projects (2012-14 Capital Plan)
Rezoning-related In-kind Amenity
$55M $35M $53M
Total Investments $143M
Final Plan
• significant in-kind amenities through rezoning
• funding earmarked for Marpole library renewal in Emerging Priorities
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Community Facilities
New Vancouver Art Gallery
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Civic Facilities: Public Safety & City Facilities
Corporate Policies • Capital Strategic Outlook (2011-2021) • Asset Management Best Practices Guiding Principles • maintain facilities in acceptable condition • accommodate needs to address growth &
changing demographics Investment Strategies • explore co-location & functional integration
opportunities to enhance service level & cost-effectiveness
• continue to right-size and upgrade facilities as part of renewal
Total Investments $66M
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Civic Facilities: Public Safety & City Facilities
Renewal ($35 M) Public Safety ($22M) • Fire Hall #17 @ Knight & 55th built in 1954 • ongoing capital maintenance & renovations
(e.g. fire hall upgrades including facilities for women firefighters, capacity for larger fire trucks, seismic upgrades)
City Facilities ($13M) • ongoing capital maintenance (e.g. roofing,
windows, flooring, mechanical, electrical & plumbing systems)
• renovations (e.g. office space optimization & accessibility improvements)
Public Feedback
Long-term priorities (Phase 1) • Renewal: fire halls ranked 7th out of 19 choices
2015-18 priorities (Phase 2) • support investments
2015-18 Capital Plan
Multi-year Projects (2012-14 Capital Plan)
Rezoning-related In-kind Amenity
$35M $31M -
Total Investments $66M
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Civic Facilities: Public Safety & City Facilities
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Transportation
Council Policies • Transportation 2040 Plan (2012) • Greenest City Action Plan (2011) Guiding Principles • maintain infrastructure in acceptable
condition • make walking, cycling, and public transit
preferred transportation options
Investment Strategies • 2/3 for renewal of road network • 1/3 for new/expanded active transportation
modes to support economic development • manage lifecycle costs
Total Investments $159M
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Transportation
Renewal ($110 M) • reconstruct ~6 km of sidewalk • repave ~32 km of major roads (incl. Water St in Gastown $10M) • repave ~45 km of local
roads/lanes • reconstruct 22 traffic signals • replace ~3,500 street lighting
poles • repair sidewalks & replace
railings & lighting on Burrard Bridge ($20M)
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Transportation – Mode Share Target
• Continue new investment in the network to enable growth in Transit & Active Transportation Modes (Walking & Cycling)
• Focus on zero fatality through investment in pedestrian & cycling safety
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Transportation – Walking, Cycling & Transit
New/Upgrades ($40 M) • 260 new/upgraded curb ramps + 2 km of
new sidewalk • complete Comox-Helmcken & Seaside (Pt.
Grey Rd) greenways • upgrade & improve facilities on False
Creek bridges • upgrade 10th Ave, Adanac & Ontario
bikeways to AAA • add 12 new pedestrian-bicycle signals • pedestrian safety & public realm
improvements as part of Community Plans • add new/upgrade bus stops to accommodate bus route changes in downtown • Broadway Millennium Line Extension – no funding identified at this time; future
funding options to be developed
2015-18 Capital Plan
Multi-year Projects (2012-14 Capital Plan)
Rezoning-related In-kind Amenity
$150M $8M $1M
Total Investments $159M
Public Feedback
Long-term priorities (Phase 1) • New: rapid transit ranked 1st out of 7 priorities
• New: improved walking & cycling infrastructure ranked 6th out of 7 priorities
2015-18 priorities (Phase 2) • support investments
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Transportation
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Utilities
Council/Regional Policies Water: have best drinking water & reduce per capita consumption by 33% Sewer: meet 2050 regulatory requirements to eliminate CSOs & adapt to intense storms Landfill: meet regulatory requirements re. closure, gas capture & leachate treatment NEU: expand distribution system to new development Guiding Principles • maintain infrastructure in acceptable condition • upgrade/expand infrastructure to address
growth • design resilient infrastructure to address climate
change
Total Investments $343M
Investment Strategies • secure Build Canada Fund to expedite sewer separation • enhance cost-effectiveness through strategic procurement & project planning
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Utilities
Renewal ($256 M) • Water: 30-35km of water main • Sewer:
• separate 55-65 km of sewer main • 4 sewer pump station
• 5,000-6,000 water-sewer connections New/Expansion ($69 M) • Water - 4,000-5,000 new water meters • Landfill- closure & gas collection • NEU - expansion of energy centre &
distribution system to serve new development
Public Feedback
Long-term priorities (Phase 1) • Renewal: water & sewers ranked 1st & 2nd out of 19 choices
2015-18 priorities (Phase 2) • reduce investments by up to 10%
2015-18 Capital Plan
Multi-year Projects (2012-14 Capital Plan)
Rezoning-related In-kind Amenity
$325M $18M -
Total Investments $343M
Final Plan
• focus on critical infrastructure renewal & regulatory requirements
• ~$70M recovered from development
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Equipment & Information Technology
Council Policies • Greenest City Action Plan (2011) • Digital Strategy (2012) Guiding Principles • maintain fleet & equipment in acceptable
condition • reduce fleet by 20% • build in flexibility to accommodate
technological advancements & alternative service delivery models
Investment Strategies • prioritize investments to support business
transformation, enhanced productivity, & economic development
Total Investments $164M
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Equipment & Information Technology
Renewal ($105 M) • ongoing replacement & rightsizing of vehicles
& heavy equipment • key legacy replacement of hardware &
business applications (e.g. SAFARI recreation management, CCG fleet management, E-recruiting)
New ($10 M) • Permits & Licenses transformation • Digital Strategy (wi-fi expansion, mobile
workforce) • geo-remote data centre to address seismic
risk • business transformation & web-based
productivity enhancement
Public Feedback
Long-term priorities (Phase 1) • N/A
2015-18 priorities (Phase 2) • reduce investments by 10-20%
Final Plan
• Equipment & IT lower than 2012-14 by 33%
2015-18 Capital Plan
Multi-year Projects (2012-14 Capital Plan)
Rezoning-related In-kind Amenity
$115M $49M -
Total Investments $164M
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Emerging Priorities & Inflation Contingency
Emerging Priorities: $75M • emerging investment opportunities as
partner funding arises (e.g. Build Canada Fund, BC Housing, Vancouver School Board, NPOs)
• Marpole-Oakridge Community Centre & Library renewal (scope & location pending)
Inflation Contingency: $10M • contingency for construction cost inflation
Capital Overhead: $10M • debt issue transaction fees • legal & finance support for capital program
Public Feedback
Long-term priorities (Phase 1) • N/A
2015-18 priorities (Phase 2) • reduce investments by up to 25%
Final Plan
• reallocation of Emerging Priority funds by Council over the 4-yr period
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• Public Engagement
• Proposed Investments
• Funding Strategy
Agenda
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$0
$50
$100
$150
$200
$250
$300
2000-2002 2003-2005 2006-2008 2009-2011 2012-2014 2015-2018
Mill
ions
per
yea
r
Debt Pay-as-you-go Other Funding Sources
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Managing Capital Plan Growth: Impact on Debt, Property Tax & User Fees
Other funding sources not tracked prior to 2009
? ?
?
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Debt • reduced by 5% from Draft Capital Plan ($18M) • flat at 2012-14 level ($96M/yr)
Capital from Revenue + Other Operating Funding • flat at 2012-14 level ($27M/yr)
Public Feedback
Funding Strategy (Phase 2)
• 52-54% supported • 26-34% opposed
• comments referenced debt and developer contributions
Managing Capital Plan Growth
Final Plan
• reduce debt by 5% ($18M)
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A Balanced Funding Strategy
Funding Sources (who pays)
Payment Methods (when to pay)
Total: $1.085B
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Financial Indicator #1: Net Debt per Capita
Increased debt financing in prior plans
in preparation for 2010 Winter Olympics
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Financial Indicator #2: Tax-supported Debt Service Costs as % of Operating Expenditures
Every $1 M of Debt = $140K Annual Debt Servicing
(Tax-supported Debt = General Debt + 50% Sewer Debt + CPI)
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Summary
Strategic capital investments for the next 4 years ($1.635B): • 2015-18 Capital Plan ($1.085B new investments)
• multi-year projects from 2012-14
Capital Plan to be delivered in 2015/16 ($200M approved investments) • Rezoning-related in-kind amenities to
be delivered in the next few years ($300M approved investments)
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Summary
2015-18 Capital Plan: $1.085B
• Maintain infrastructure & facilities in acceptable condition (2/3)
• Add new/expanded amenities to
address growth (1/3)
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Summary
• A strategic capital investment plan guided by: o Council & board policies & regional policies
o Community Plans & public benefit strategies
o City service plans & asset management best practices
o public engagement results
• Key objectives: o prioritize asset renewal over new & expansion
o increase supply of affordable housing & childcare
o prioritize recreation & community facilities over civic facilities
o manage impact on future property tax & user fees