False Creek South Update Presented to Vancouver City ... · July 13, 2016. SLIDE 2 1. History and...
Transcript of False Creek South Update Presented to Vancouver City ... · July 13, 2016. SLIDE 2 1. History and...
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SLIDE 1
False Creek South Update
Presented to Vancouver City Council
July 13, 2016
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SLIDE 2
1. History and background
2. Leases on City-owned land
3. Draft False Creek South Engagement Principles
4. Next steps
To discuss today
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1.
History and background
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SLIDE 4
The South False Creek neighbourhood
55 ha (136 acres) land area
2.98 km seawall
5,788 population
80% of the land area is City-owned, including 17% park land
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SLIDE 5
80% of land owned by City of Vancouver
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SLIDE 6
Designed to reflect the issues/opportunities of the 1970s
• “Intentional community,” with
age/income mix to reflect Greater Vancouver
• Bring families into the central core
• Higher-density family housing
• Affordability
• Reclamation of industrial land for residential use
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SLIDE 7
An important park, recreational and housing asset
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SLIDE 8SLIDE 8 · CONFIDENTIAL
~ 60% of residential units on City-owned land
196 units
1,158 units
976 units
873 units
THIRD PARTY LAND
CITY-OWNED LAND
NON-
MAR
KET
MAR
KET
1,172 units
2,031 units
TOTAL
1,354 units1,849 units
TOTA
L
3,203 units
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SLIDE 9
Drivers of change for South False Creek neighbourhood
1.Leases nearing
term-ends
Resale, financing and building maintenance
issues
3.City responsibility to optimize public
assets
Significant civic, financial, social, recreational & environmental
asset
4.Current-day issues and
opportunities
New issues, opportunities and
policy priorities have emerged over the past
forty years
2.Building
condition
Condition of some buildings
will require reinvestment
5.Community
interest
Well-organised residents’ group
advancing public dialogue on future of the community
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SLIDE 10
2.
Leases on City-owned land
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SLIDE 11
South False Creek residential tenancy types on City land
Market rental, 150 units, 2 sites
Leasehold strata, 669 units, 12 sites
Liveaboard co-op, 55 slips, 1 marina Community care facilities, 140 units, 2 sites
Non-market co-op, 517 units, 7 sites
Non-market rental, 319 units, 4 sites
PHO
TO S
OU
RCES
: GO
OG
LE S
TREE
TVIE
W, R
EPLA
N
MARKET NON-MARKET
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SLIDE 12
Non-residential activity on City-owned property
SOURCE: GOOGLE STREETVIEW
4 commercial strata operators, 48 units 2 commercial marinas
Burrard Civic Marina
Heather Civic Marina
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SLIDE 13
Market leasehold strata differ from other tenancies
Leasehold strata
• Separate lease for each individual tenant, 669 residential and 48 commercial
• At lease-end, City is obligated to purchase each strata leaseholder’s interest
Other forms of tenancy
• One lease for each site
• At lease-end, occupant has no further right of use of land, all improvements constructed on the land transfer to City
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SLIDE 14
Majority of City’s leases expire 20 years from now
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SLIDE 15
3.
Draft False Creek South Engagement Principles
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Draft False Creek South Engagement Principles
• Intended to guide future work City undertakes
• Commitment to work with the community to make progress on important issues and opportunities
• Separate planning principles to be developed once a community planning process is initiated
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SLIDE 17
• Stakeholder meetings –Targeted discussions with RePlan and others, False Creek South and city-wide voices
• Report back Fall 2016 – Set of recommendations for Council
Stakeholder consultation on FCS Engagement Principles
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SLIDE 18
4.
Next steps
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Foundation Decisions Planning Process
FCS CROSS-DEPARTMENTAL
STEERING COMMITTEE
• False Creek South
Engagement Principles
• Clarify methodology for
determining the strata
leaseholder’s interest
• Explore affordable
options to remain in
community
• Building condition
assessments
• Landowner’s due
diligence
CITY
COUNCIL
• Decisions identified
through foundation work
• When to launch a
planning process
• Scope and timing of
planning process
DIRECTOR
OF PLANNING
• Public planning process
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SLIDE 20
Recommended next steps
1. FCS Engagement Principles. Consult on Draft False Creek South Engagement Principles, report back with recommendations by December 2016
2. Affordable housing options. Work with *RePlan to explore affordable housing options for FCS residents to remain in the neighbourhood, in line with the City’s affordable housing policies and programs
3. Lease-end payment methodology. Continue to work with the provincial government and to consult with False Creek South strata leaseholders to clarify the methodology for determining each strata leaseholder’s interest
4. Co-op lease renewals. GM, Community Services to report back Autumn 2016 with timeline for negotiating FCS co-op lease renewals in context of a broader non-market housing end-of-lease strategy framework
5. Landowner due diligence. Evaluate the costs, benefits and implications of various renewal, extension and redevelopment options while recognizing the importance of providing certainty for leaseholders
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SLIDE 21
End