City of Chestermere Off-Site Levy Bylaw #020-26

Chestermere, Alberta · No. 020-26 · adopted 2026-06-09 · summary & facts

This is the exact embedded text of the captured official document. Snapshot f49d84c4762d · verified 2026-10-19 · original document · archived snapshot · unofficial consolidation, the official version is held by the municipal clerk.

.--i City of Chestermere ( 4 PROVINCE OF ALBERTA Bylaw #020-26 Bylaw #020-26 City of Chestermere Off-Site Levy Bylaw (· City of Chestermere () PROVINCE OF ALBERTA Bylaw #020-26 Bylaw #020-26 City of Chestermere Off-Site Levy Bylaw Bylaw #020-26 City of Chestermere Off-Site Levy Bylaw A BYLAW OF THE CITY OF CHESTERMERE, IN THE PROVINCE OF ALBERTA, TO ESTABLISH OFF-SITE LEVIES FOR LAND THAT IS TO BE SUBDIVIDED OR DEVELOPED WITHIN THE CITY OF CHESTERMERE WHEREAS the Municipal Government Act gives Municipalities the power to enact Bylaws and impose the payment of Off-Site Levies in respect of land that is to be developed or subdivided; AND WHEREAS the MunicipalGovernment Act authorizes a Council collect Off-Site Levies to pay for the capital cost of infrastructure required to service the Growth of the City; AND WHEREAS Council has engaged in consultation with landowners and representatives of the development industry to address and define existing and future infrastructure required for Growth of the City and the allocations of the capital costs of such infrastructure; AND WHEREAS Council has received the Report, which set out a fair and equitable calculation of Off-Site Levy Regulation; AND WHEREAS Council has advertised its intention to consider the enactment of this Bylaw pursuant to the requirements of the Municipal Government Act; and NOW, THEREFORE THE COUNCIL OF THE CITY OF CHESTERMERE, DULY ASSEMBLED, HEREBY ENACTS AS FOLLOWS: 1. TITLE 1.1 This Bylaw shall be known and referred to as the "Chestermere Off-Site Levy Bylaw". 2. DEFINITIONS 2.1 "Bylaw" means this Off-Site Levy bylaw; 2.2 "Chief Administrative Officer" means the Chief Administrative Officer for the City, regardless of the specific title that may be conferred on that officer from time to time; 2.3 "City" means the City of Chestermere; 2.4 "Council" means the Council for the City; Bylaw #020-26 City of Chestermere Off-Site Levy Bylaw A BYLAW OF THE CITY OF CHESTERMERE, IN THE PROVINCE OF ALBERTA, TO ESTABLISH OFF-SITE LEVIES FOR LAND THAT IS TO BE SUBDIVIDED OR DEVELOPED WITHIN THE CITY OF CHESTERMERE WHEREAS the Municipal Government Act gives Municipalities the power to enact Bylaws and impose the payment of Off-Site Levies in respect of land that is to be developed or subdivided; AND WHEREAS the Municipal Government Act authorizes a Council collect Off-Site Levies to pay for the capital cost of infrastructure required to service the Growth of the City; AND WHEREAS Council has engaged in consultation with landowners and representatives of the development industry to address and define existing and future infrastructure required for Growth of the City and the allocations of the capital costs of such infrastructure; AND WHEREAS Council has received the Report, which set out a fair and equitable calculation of Off-Site Levy Regulation; AND WHEREAS Council has advertised its intention to consider the enactment of this Bylaw pursuant to the requirements of the Municipal Government Act; and NOW, THEREFORE THE COUNCIL OF THE CITY OF CHESTERMERE, DULY ASSEMBLED, HEREBY ENACTS AS FOLLOWS: 1. TITLE 1.1 This Bylaw shall be known and referred to as the "Chestermere Off-Site Levy Bylaw". 2. DEFINITIONS 2.1 "Bylaw" means this Off-Site Levy bylaw; 2.2 "Chief Administrative Officer" means the Chief Administrative Officer for the City, regardless of the specific title that may be conferred on that officer from time to time; 2.3 "City" means the City of Chestermere; 2.4 "Council" means the Council for the City; Bylaw #020-26 City of Chestermere Off-Site Levy Bylaw 2.5 "Developable Land" means all land contained within the Development Area: 2.5.1 upon which Development takes place after the date of enactment of this Bylaw; or 2.5.2for which Subdivision approval is obtained after the date of enactment of this Bylaw; 2.5.3excluding all Developed Land; 2.6 "Developed Land" means land that has been subject to Development or a Subdivision prior to the date this Bylaw comes into force, and in respect of which Off-Site Levies for the same infrastructure have been paid; 2.7 "Development" means development as defined in the Municipal Government Act; 2.8 "Development Agreement" means development agreement as referred to in the Municipal Government Act; 2.9 Development Area" includes the area of land within the municipal boundaries of the City identified in Schedule "A" to this Bylaw; 2.10 "Growth" means: 2.10.1 the creation of new Lots through Subdivision; and 2.10.2 the occurrence of Development; 2.11 "Lot" means lot as defined in the Municipal Government Act; 2.12 "Municipal Government Act" means the Municipal Government Act, RSA 2000, c. M 26, as amended or repealed and replaced from time to time; 2.13 "Off-Site Infrastructure" means those components and projects referred to in the Report, in relation to water facilities, sanitary sewer facilities, storm water sewer facilities, transportation facilities, recreation facilities, and fire facilities to be paid for in whole or in part by Off-Site Levies under the Bylaw; 2.14 "Off-Site Levies" means the Off-Site Levies imposed pursuant to this Bylaw; 2.15 "Off-Site Levy Regulation" means the Principles and Criteria for Off-Site Levies Regulation, Alta. Reg. 187/2017, as amended or repealed and replaced from time to time; 2.16 "Report" means the City of Chestermere: Offsite Levy Rates Update, May 26, 2026, prepared by City of Chestermere, attached as Schedule "C" to this Bylaw; and 2.17 "Subdivision" means subdivision as defined in the Municipal Government Act. Bylaw #020-26 City of Chestermere Off-Site Levy Bylaw 2.5 "Developable Land" means all land contained within the Development Area: 2.5.1upon which Development takes place after the date of enactment of this Bylaw; or 2.5.2for which Subdivision approval is obtained after the date of enactment of this Bylaw; 2.5.3excluding all Developed Land; 2.6 "Developed Land" means land that has been subject to Development or a Subdivision prior to the date this Bylaw comes into force, and in respect of which Off-Site Levies for the same infrastructure have been paid; 2.7 "Development" means development as defined in the Municipal Government Act; 2.8 "Development Agreement" means development agreement as referred to in the Municipal Government Act; 2.9 Development Area" includes the area of land within the municipal boundaries of the City identified in Schedule "A" to this Bylaw; 2.10 "Growth" means: 2.10.1 the creation of new Lots through Subdivision; and 2.10.2 the occurrence of Development; 2.11 "Lot" means lot as defined in the Municipal Government Act; 2.12 "Municipal Government Act" means the Municipal Government Act, RSA 2000, c. M 26, as amended or repealed and replaced from time to time; 2.13 "Off-Site Infrastructure" means those components and projects referred to in the Report, in relation to water facilities, sanitary sewer facilities, storm water sewer facilities, transportation facilities, recreation facilities, and fire facilities to be paid for in whole or in part by Off-Site Levies under the Bylaw; 2.14 "Off-Site Levies" means the Off-Site Levies imposed pursuant to this Bylaw; 2.15 "Off-Site Levy Regulation" means the Principles and Criteria for Off-Site Levies Regulation, Alta. Reg. 187/2017, as amended or repealed and replaced from time to time; 2.16 "Report" means the City of Chestermere: Offsite Levy Rates Update, May 26, 2026, prepared by City of Chestermere, attached as Schedule "C" to this Bylaw; and 2.17 "Subdivision" means subdivision as defined in the Municipal Government Act. Bylaw #020-26 City of Chestermere Off-Site Levy Bylaw 3. OBJECT OF LEVY 3.1 The object of the Off-Site Levies is to provide funds to pay for all or part of the capital costs of the Off-Site Infrastructure required for Growth, as determined in the Report. 4. IMPOSITION OF LEVY 4.1 The Off-Site Levies are hereby established and imposed in respect of all Developable Land on the basis set out in the Report. 4.2 The amount of the Off-Site Levies imposed is as calculated in the Report and set out in Schedule "B". 4.3 The Off-Site Levies will be assessed on all Developable Land on a per hectare basis, excluding those portions of Developable Land that are designated pursuant to a Subdivision as: 4.3.1 environmental reserve; 4.3.2 school reserve; 4.3.3 municipal reserve; 4.3.4 arterial road right of way; or 4.3.5 public utility lots dedicated for Off-Site Levies project. 4.4 Unless otherwise agreed, payment of Off-Site Levies imposed under this Bylaw is due. 4.5 In the case of Subdivision, at or prior to plan endorsement. 4.6 In the case of Development, as a condition of the issuance of the development permit. 5. AUTHORITY OF THE CHIEF ADMINISTRATIVE OFFICER 5.1 The Chief Administrative Officer is delegated the authority to enforce and administer this Bylaw, including, but not limited to the authority to: 5.1.1 enter into Development Agreements on behalf of the City with respect to, among other things, the collection of Off-Site Levies; 5.1.2 defer or waive collection of Off-Site Levies imposed pursuant to this Bylaw; and 5.1.3 require security for payment of any deferred Levies. 5.2 The Chief Administrative Officer may delegate the authority to enforce and administer this Bylaw. Bylaw #020-26 City of Chestermere Off-Site Levy Bylaw 3. OBJECT OF LEVY 3.1 The object of the Off-Site Levies is to provide funds to pay for all or part of the capital costs of the Off-Site Infrastructure required for Growth, as determined in the Report. 4. IMPOSITION OF LEVY 4.1 The Off-Site Levies are hereby established and imposed in respect of all Developable Land on the basis set out in the Report. 4.2 The amount of the Off-Site Levies imposed is as calculated in the Report and set out in Schedule "B". 4.3 The Off-Site Levies will be assessed on all Developable Land on a per hectare basis, excluding those portions of Developable Land that are designated pursuant to a Subdivision as: 4.3.1 environmental reserve; 4.3.2 school reserve; 4.3.3 municipal reserve; 4.3.4 arterial road right of way; or 4.3.5 public utility lots dedicated for Off-Site Levies project. 4.4 Unless otherwise agreed, payment of Off-Site Levies imposed under this Bylaw is due. 4.5 In the case of Subdivision, at or prior to plan endorsement. 4.6 In the case of Development, as a condition of the issuance of the development permit. 5. AUTHORITY OF THE CHIEF ADMINISTRATIVE OFFICER 5.1 The Chief Administrative Officer is delegated the authority to enforce and administer this Bylaw, including, but not limited to the authority to: 5.1.1enter into Development Agreements on behalf of the City with respect to, among other things, the collection of Off-Site Levies; 5.1.2 defer or waive collection of Off-Site Levies imposed pursuant to this Bylaw; and 5.1.3 require security for payment of any deferred Levies. 5.2 The Chief Administrative Officer may delegate the authority to enforce and administer this Bylaw. Bylaw #020-26 City of Chestermere Off-Site Levy Bylaw 6. DEVELOPMENT AGREEMENT 6.1 Council may, from time to time adopt policies or guidelines for the assistance and direction of the Chief Administrative Officer in determining which Development and Subdivision applications require a Development Agreement. 6.2 Where it is determined that a Development Agreement is appropriate for any application for Development or Subdivision, the developer or the owner, as the case may be, shall enter into a Development Agreement with the City that provides for the payment of Off-Site Levies in accordance with this Bylaw or that provides for the deferral of Off-Site Levies, including requiring security for the payment of such deferred Levies. 7. ANNUAL REPORT 7.1 On or before December 31 in each calendar year, the Chief Administrative Officer shall provide an annual report to Council regarding the Off-Site Levies imposed under this Bylaw, including: 7.1.1 Off-Site Infrastructure constructed during the previous calendar year; 7.1.2 Construction costs of Off-Site Infrastructure constructed in the previous calendar year; 7.1.3 Estimated construction costs for Off-Site Infrastructure yet to be constructed and an explanation as to any adjustments to the estimates since the previous annual report; 7.1.4 Amount collected in Off-Site Levies; and 7.1.5 Specifics of total value of Off-Site Levies being held by City and yet to be expended on Off-Site Infrastructure, interest earned and commitments for future expenditures of such monies. 8. ACCOUNTING 8.1 All funds collected pursuant to this Bylaw shall be accounted for in a special fund for each category of infrastructure and expended only as permitted under the Municipal Government Act. 9. REVIEW 9.1 The City shall review the rates for Off-Site Levies annually and, if required, shall amend this Bylaw accordingly to update the rates for Off-Site Levies. Bylaw #020-26 City of Chestermere Off-Site Levy Bylaw 6. DEVELOPMENTAGREEMENT 6.1 Council may, from time to time adopt policies or guidelines for the assistance and direction of the Chief Administrative Officer in determining which Development and Subdivision applications require a Development Agreement. 6.2 Where it is determined that a Development Agreement is appropriate for any application for Development or Subdivision, the developer or the owner, as the case may be, shall enter into a Development Agreement with the City that provides for the payment of Off-Site Levies in accordance with this Bylaw or that provides for the deferral of Off-Site Levies, including requiring security for the payment of such deferred Levies. 7. ANNUAL REPORT 7.1 On or before December 31 in each calendar year, the Chief Administrative Officer shall provide an annual report to Council regarding the Off-Site Levies imposed under this Bylaw, including: 7.1.1 0ff-Site Infrastructure constructed during the previous calendar year; 7.1.2Construction costs of Off-Site Infrastructure constructed in the previous calendar year; 7.1.3Estimated construction costs for Off-Site Infrastructure yet to be constructed and an explanation as to any adjustments to the estimates since the previous annual report; 7.1.4 Amount collected in Off-Site Levies; and 7.1.5 Specifics of total value of Off-Site Levies being held by City and yet to be expended on Off-Site Infrastructure, interest earned and commitments for future expenditures of such monies. 8. ACCOUNTING 8.1 All funds collected pursuant to this Bylaw shall be accounted for in a special fund for each category of infrastructure and expended only as permitted under the Municipal Government Act. 9. REVIEW 9.1 The City shall review the rates for Off-Site Levies annually and, if required, shall amend this Bylaw accordingly to update the rates for Off-Site Levies. Bylaw #020-26 City of Chestermere Off-Site Levy Bylaw 10. GENERAL 10.1 Nothing in this Bylaw precludes the City from: 10.1.1 imposing further or different Levies, duly enacted by Bylaw, on any portion of the Developable Lands in respect of which the City has not collected Off-Site Levies; 10.1.2 deferring collection of Off-Site Levies on any portion of Developable Lands, including requiring security for payment of such deferred Levies; or 10.1.3 reducing or forgiving payment of the Off-Site Levies required pursuant to this Bylaw or otherwise providing for credits for other Off-Site Infrastructure or oversize infrastructure constructed by a developer in calculating and/or collecting the Off-Site Levies that become payable pursuant to this Bylaw. 10.2 Schedules "A" and "B" to this Bylaw, and specifically, without restricting the generality of the foregoing, the rates for Off-Site Levies set out in the Report, may be updated or amended from time to time by resolution of Council. 10.3 In the event that any provision of this Bylaw is declared invalid or void by any Court having competent jurisdiction, then such invalid or void provision shall be severed from the Bylaw, and the remaining provisions of the Bylaw shall be maintained and deemed valid. 11. TRANSITION 11.1 This Bylaw applies to: 11.1.1 any Subdivision where the date of subdivision approval occurs on or after the date this Bylaw comes into force; and 11.1.2 any Development where the date of issuance of a development permit occurs on or after the date this Bylaw comes into force. 11.1.3 Development Agreements entered into prior to the enactment of this Bylaw shall remain valid and in effect. 11.2 Any Off-Site Levies payable under Development Agreements entered into prior to the enactment of this Bylaw, are confirmed and shall continue to be payable notwithstanding the repeal of previous Off-Site levy bylaws pursuant to Sub- section (d). 11.3 Bylaw #013-25 is herby repealed. 12. EXECUTION This Bylaw shall take effect and come into force effective after final reading and signature thereof by the Mayor and Chief Administrative Office. Bylaw #020-26 City of Chestermere Off-Site Levy Bylaw 10. GENERAL 10.1 Nothing in this Bylaw precludes the City from: 10.1.1 imposing further or different Levies, duly enacted by Bylaw, on any portion of the Developable Lands in respect of which the City has not collected Off-Site Levies; 10.1.2 deferring collection of Off-Site Levies on any portion of Developable Lands, including requiring security for payment of such deferred Levies; or 10.1.3 reducing or forgiving payment of the Off-Site Levies required pursuant to this Bylaw or otherwise providing for credits for other Off-Site Infrastructure or oversize infrastructure constructed by a developer in calculating and/or collecting the Off-Site Levies that become payable pursuant to this Bylaw. 10.2 Schedules "A" and "B" to this Bylaw, and specifically, without restricting the generality of the foregoing, the rates for Off-Site Levies set out in the Report, may be updated or amended from time to time by resolution of Council. 10.3 In the event that any provision of this Bylaw is declared invalid or void by any Court having competent jurisdiction, then such invalid or void provision shall be severed from the Bylaw, and the remaining provisions of the Bylaw shall be maintained and deemed valid. 11. TRANSITION 11.1 This Bylaw applies to: 11.1.1 any Subdivision where the date of subdivision approval occurs on or after the date this Bylaw comes into force; and 11.1.2 any Development where the date of issuance of a development permit occurs on or after the date this Bylaw comes into force. 11.1.3 Development Agreements entered into prior to the enactment of this Bylaw shall remain valid and in effect. 11.2 Any Off-Site Levies payable under Development Agreements entered into prior to the enactment of this Bylaw, are confirmed and shall continue to be payable notwithstanding the repeal of previous Off-Site levy bylaws pursuant to Sub- section (d). 11.3 Bylaw #013-25 is herby repealed. 12. EXECUTION This Bylaw shall take effect and come into force effective after final reading and signature thereof by the Mayor and Chief Administrative Office. Bylaw #020-26 City of Chestermere Off-Site Levy Bylaw READ A FIRST TIME: May 26, 2026 READ A SECOND TIME: June 9, 2026 READ A THIRD TIME: June 9, 2026 RESOLUTION NUMBERS: 260526-22 260609-29 260609-30 Mayor, Shannon Dean Chief Administrafive Officer, Kent Edney READ A FIRST TIME: May 26, 2026 READ A SECOND TIME: June 9, 2026 READ A THIRD TIME: June 9, 2026 RESOLUTION NUMBERS: 260526-22 260609-29 260609-30 Bylaw #020-26 City of Chestermere Off-Site Levy Bylaw Mayor, Shannon Dean an Chief Administrative Officer, Kent Edney SCHEDULE A 2 13 22 16 19 vyl 14 5 Off-Site Levy By-Law 2026 Chester:Item. Alberta . 1__ 7' 18 18 8 Area Calculations 1 4.274 ha 9 140.467 ha 17 182.664 ha 2 258.918 ha 10 346.653 ha 18 32.890 ha 3 237.150 ha 11 3.259 ha 19 63.117 ha 4 31.747 ha 12 3.798 ha 20 104.005 ha 5 136.448 ha 13 62.606 21 21.925 6 206.962 ha 14 39.870 ha 22 61.35 7 17.622 ha 15 Developed 8 292.738 ha 16 180.641 ha VS=, M. fel vac - 20 A 2 Area Calculations SCHEDULE A 20 Off-Site Levy By-Law 2026 Chestermere. Alberta ]I Lk; 8 1 4.274ha 2 258.918 ha 3 237.150 ha 4 31.747 ha 5 136.448 ha 6 206.962 ha 7 17.622 ha 8 292738 ha 9 140.467 ha 10 346.653 ha 113.259 ha 123.798 ha 13 62.606 14 39.870 ha 15 Developed 16 180.641 ha 17 182.664 ha 18 32.890 ha 19 63.117 ha 20 104.005 ha 21 21.925 22 61.35 bj SCHEDULE B Summary by Development Area Area # 2026 Off Site Levy per Hectare Transportation Levies Water Levies Sanitary Levies Stormwater Levies Recreation Levies Fire Levies Library Levies Total 1 $ 115,907 $ 63,055 $ 93,857 $ - $ 45,190 $ 19,930 $ 14,300 $ 352,238 2 $ 115,907 $ 63,055 $ 111,461 $ 68,905 $ 45,190 $ 19,930 $ 14,300 $ 438,747 3 $ 115,907 $ 63,055 $ 73,294 $ 100,420 $ 45,190 $ 19,930 $ 14,300 $ 432,095 4 $ 115,907 $ 63,055 $ 41,427 $ - $ 45,190 $ 19,930 $ 14,300 $ 299,808 5 $ 115,907 $ 63,055 $ 41,427 $ 69,329 $ 45,190 $ 19,930 $ 14,300 $ 369,137 6 $ 115,907 $ 63,055 $ 93,839 $ 134,612 $ 45,190 $ 19,930 $ 14,300 $ 486,832 7 $ 115,907 $ 63,055 $ 30,094 $ - $ 45,190 $ 19,930 $ 14,300 $ 288,475 8 $ 115,907 $ 63,055 $ 93,839 $ 102,331 $ 45,190 $ 19,930 $ 14,300 $ 454,551 9 $ 115,907 $ 63,055 $ 132,566 $ 102,331 $ 45,190 $ 19,930 $ 14,300 $ 493,278 10 $ 115,907 $ 63,055 $ 93,857 $ 102,331 $ 45,190 $ 19,930 $ 14,300 $ 454,569 11 $ 115,907 $ 63,055 $ 73,294 $ - $ 45,190 $ 19,930 $ 14,300 $ 331,675 12 $ 115,907 $ 63,055 $ 93,857 $ - $ 45,190 $ 19,930 $ 14,300 $ 352,238 13 $ 115,907 $ 63,055 $ 111,461 $ 68,905 $ 45,190 $ 19,930 $ 14,300 $ 438,747 14 $ 115,907 $ 63,055 $ 41,427 $ 102,674 $ 45,190 $ 19,930 $ 14,300 $ 402,483 15 $ 115,907 $ 63,055 $ 94,431 $ - $ 45,190 $ 19,930 $ 14,300 $ 352,812 16 $ 115,907 $ 63,055 $ 100,143 $ 66,651 $ 45,190 $ 19,930 $ 14,300 $ 425,175 17 $ 115,907 $ 63,055 $ 41,427 $ 100,420 $ 45,190 $ 19,930 $ 14,300 $ 400,228 18 $ 115,907 $ 63,055 $ 93,839 $ 88,498 $ 45,190 $ 19,930 $ 14,300 $ 440,719 19 $ 115,907 $ 63,055 $ 100,143 $ 100,420 $ 45,190 $ 19,930 $ 14,300 $ 458,944 20 $ 115,907 $ 63,055 $ 93,839 $ 57,158 $ 45,190 $ 19,930 $ 14,300 $ 409,378 21 $ 115,907 $ 63,055 $ 100,143 $ 59,474 $ 45,190 $ 19,930 $ 14,300 $ 417,998 22 $ 115,907 $ 63,055 $ 93,857 $ 68,905 $ 45,190 $ 19,930 $ 14,300 $ 421,143 SCHEDULE B Summary by Development Area 2026 Off Site Levy per Hectare Area# Transportation Water Sanitary Storrnwater Recreation Fire Library Levies Levies Levies Levies Levies Levies Levies Total 1 $ 115,907 $ 63,055 $ 93,857 $ - $ 45,190 $ 19,930 $ 14,300 $ 352,238 2 $ 115,907 $ 63,055 $ 111,461 $ 68,905 $ 45,190 $ 19,930 $ 14,300 $ 438,747 3 $ 115,907 $ 63,055 $ 73,294 $ 100,420 $ 45,190 $ 19,930 $ 14,300 $ 432,095 4 $ 115,907 $ 63,055 $ 41,427 $ - $ 45,190 $ 19,930 $ 14,300 $ 299,808 5 $ 115,907 $ 63,055 $ 41,427 $ 69,329 $ 45,190 $ 19,930 $ 14,300 $ 369,137 6 $ 115,907 $ 63,055 $ 93,839 $ 134,612 $ 45,190 $ 19,930 $ 14,300 $ 486,832 7 $ 115,907 $ 63,055 $ 30,094 $ - $ 45,190 $ 19,930 $ 14,300 $ 288,475 8 $ 115,907 $ 63,055 $ 93,839 $ 102,331 $ 45,190 $ 19,930 $ 14,300 $ 454,551 9 $ 115,907 $ 63,055 $ 132,566 $ 102,331 $ 45,190 $ 19,930 $ 14,300 $ 493,278 10 $ 115,907 $ 63,055 $ 93,857 $ 102,331 $ 45,190 $ 19,930 $ 14,300 $ 454,569 11 $ 115,907 $ 63,055 $ 73,294 $ - $ 45,190 $ 19,930 $ 14,300 $ 331,675 12 $ 115,907 $ 63,055 $ 93,857 $ - $ 45,190 $ 19,930 $ 14,300 $ 352,238 13 $ 115,907 $ 63,055 $ 111,461 $ 68,905 $ 45,190 $ 19,930 $ 14,300 $ 438,747 14 $ 115,907 $ 63,055 $ 41,427 $ 102,674 $ 45,190 $ 19,930 $ 14,300 $ 402,483 15 $ 115,907 $ 63,055 $ 94,431 $ - $ 45,190 $ 19,930 $ 14,300 $ 352,812 16 $ 115,907 $ 63,055 $ 100,143 $ 66,651 $ 45,190 $ 19,930 $ 14,300 $ 425,175 17 $ 115,907 $ 63,055 $ 41,427 $ 100,420 $ 45,190 $ 19,930 $ 14,300 $ 400,228 18 $ 115,907 $ 63,055 $ 93,839 $ 88,498 $ 45,190 $ 19,930 $ 14,300 $ 440,719 19 $ 115,907 $ 63,055 $ 100,143 $ 100,420 $ 45,190 $ 19,930 $ 14,300 $ 458,944 20 $ 115,907 $ 63,055 $ 93,839 $ 57,158 $ 45,190 $ 19,930 $ 14,300 $ 409,378 21 $ 115,907 $ 63,055 $ 100,143 $ 59,474 $ 45,190 $ 19,930 $ 14,300 $ 417,998 22 $ 115,907 $ 63,055 $ 93,857 $ 68,905 $ 45,190 $ 19,930 $ 14,300 $ 421,143 SCHEDULE C City of Chestermere: Off-Site Levy Rates 2026 Report, May 2026 Prepared by the City of Chestermere SCHEDULE C City of Chestermere: Off-Site Levy Rates 2026 Report, May 2026 Prepared by the City of Chestermere May, 2026 Off-Site Levy Rates 2026 CITY OF CHESTERMERE May, 2026 Off-Site Levy Rates 2026 CITY OF CHESTERMERE City of Chestermere Off Site Levy Rates Update Report 2026 Document Information Version Number Revision Date Description 1.0 April 27 2026 Draft Issued for Stakeholder Review 2.0 May 26, 2026 Issue for Bylaw 020-26 Acknowledgements Chestermere Administration would like to thank all Stakeholder including City of Chestermere staff, developers, and the Building Industry and Land Development Association (BILD) who supported the work of this rate update. Chestermere also acknowledges that Chestermere's off-site levy (OSL) model and reporting is based on offsite levy model and report template developed by CORVUS Business Advisors Inc. and is used in the development of this report. Disclaimer City of Chestermere has relied upon many third-party reports provided by engineering/consulting advisors to provide most of the data and information used to construct the offsite levy model and create the rates, such as planning data and assumptions, development forecasts and assumptions, infrastructure costs and costs estimates, allocations to benefiting parties, allocation to benefiting areas, historical financial details, and other assumptions etc. As such, City of Chestermere makes no guarantee as to the accuracy of the input data and information provided by these groups or the results that stem from this data and information. Offsite levy rates are not intended to stay static; they are based upon educated assumptions and the best available information of the day. Planning assumptions, cost estimates etc. can change each year. Accordingly, the Municipal Government Act requires that offsite levy rates be updated with the most available information on a regular basis and a status report provided to Council annually. When information changes, it will be reflected in a future update, and rates adjusted accordingly. Tables in this report are directly from the OSL model. The model rounds displayed rates to the nearest dollar, while calculations use full precision. Minor discrepancies, less than 0.001%, may occur in totals due to this rounding, and for the purpose of this report are considered insignificant. City of Chestermere / i City of Chestermere / i City of Chestermere Off Site Levy Rates Update Report 2026 Document Information Acknowledgements Chestermere Administration would like to thank all Stakeholder including City of Chestermere staff, developers, and the Building Industry and Land Development Association (BILD) who supported the work of this rate update. Chestermere also acknowledges that Chestermere's off-site levy (OSL) model and reporting is based on offsite levy model and report template developed by CORVUS Business Advisors Inc. and is used in the development of this report. Disclaimer City of Chestermere has relied upon many third-party reports provided by engineering/consulting advisors to provide most of the data and information used to construct the offsite levy model and create the rates, such as planning data and assumptions, development forecasts and assumptions, infrastructure costs and costs estimates, allocations to benefiting parties, allocation to benefiting areas, historical financial details, and other assumptions etc. As such, City of Chestermere makes no guarantee as to the accuracy of the input data and information provided by these groups or the results that stem from this data and information. Offsite levy rates are not intended to stay static; they are based upon educated assumptions and the best available information of the day. Planning assumptions, cost estimates etc. can change each year. Accordingly, the Municipal Government Act requires that offsite levy rates be updated with the most available information on a regular basis and a status report provided to Council annually. When information changes, it will be reflected in a future update, and rates adjusted accordingly. Tables in this report are directly from the OSL model. The model rounds displayed rates to the nearest dollar, while calculations use full precision. Minor discrepancies, less than 0.001%, may occur in totals due to this rounding, and for the purpose of this report are considered insignificant. Version Number Revision Date Description 1.0 April 27 2026 Draft Issued for Stakeholder Review 2.0 May 26, 2026 Issue for Bylaw 020-26 City of Chestermere Off Site Levy Rates Update Report 2026 Contents 1 INTRODUCTION 1 2 KEY FINDINGS 8 3 RATES 11 4 RECOMMENDATIONS 12 APPENDIX B: WATER OFFSITE INFRASTRUCTURE 23 APPENDIX C: SANITARY OFFSITE INFRASTRUCTURE 33 APPENDIX D: TRANSPORTATION OFFSITE INFRASTRUCTURE 41 APPENDIX E: STORMWATER OFFSITE INFRASTRUCTURE 55 APPENDIX F: RECREATION OFFSITE INFRASTRUCTURE 65 APPENDIX G: FIRE STATIONS OFFSITE INFRASTRUCTURE 73 APPENDIX H: LIBRARY OFFSITE INFRASTRUCTURE 79 APPENDIX H: RATE COMPARISON 86 City of Chestermere / ii City of Chestermere / ii City of Chestermere Off Site Levy Rates Update Report 2026 Contents 1 INTRODUCTION .................................................................................................................................. 1 2 KEY FINDINGS .................................................................................................................................... 8 3 RATES ................................................................................................................................................ 11 4 RECOMMENDATIONS ...................................................................................................................... 12 APPENDIX B: WATER OFFSITE INFRASTRUCTURE .............................................................................. 23 APPENDIX C: SANITARY OFFSITE INFRASTRUCTURE ......................................................................... 33 APPENDIX D: TRANSPORTATION OFFSITE INFRASTRUCTURE .......................................................... 41 APPENDIX E: STORMWATER OFFSITE INFRASTRUCTURE .................................................................. 55 APPENDIX F: RECREATION OFFSITE INFRASTRUCTURE ..................................................................... 65 APPENDIX G: FIRE STATIONS OFFSITE INFRASTRUCTURE ................................................................. 73 APPENDIX H: LIBRARY OFFSITE INFRASTRUCTURE ............................................................................ 79 APPENDIX H: RATE COMPARISON ........................................................................................................ 86 City of Chestermere Offsite Levy Rates Update 1 INTRODUCTION Bylaw 013-25 amended by the City of Chestermere ("the City") in 2025 defines offsite levy charges for roads, water, sanitary, stormwater, recreation, fire and library infrastructure in the municipality. The City wishes to update this bylaw, amending certain infrastructure in alignment with the City's current capital plans, ensuring updated costs and development forecasts are reflected fairly and equitably in rates, and amending other key inputs and variables thereby ensuring a financially sustainable community. This report outlines the methodology and information used to update the offsite levy charges for the City, as well as other key findings and recommendations. The City maintains various capital plans, and these plans have been used to generate key inputs for this offsite levy rates review. City staff and their engineering advisors reviewed existing plans and identified offsite projects for roads, fire, water, sanitary, stormwater, recreation, and library'. The City's review also included: Incorporation of offsite levy area measurements and land development forecasts. Incorporation of infrastructure costs and allocation percentages for existing development, new development, and other parties. Reconciliation of offsite levy reserve opening balances. Development of offsite levy rates and associated report using Chestermere's offsite levy model. Review of offsite levy rates with development industry, staff, and Council. Offsite levy rates within the City's offsite levy model are forecast using a rolling 25-year review period. During this review, a cut-off date of December 31st, 2025 was established (the most recent year-end when the project commenced), and so the 25-year review period stems from 2026 to 2050. Project expenditures, offsite levy receipts, and other financial records were collected as "actuals" from City financial records up to the specified cut-off date. Any financial details beyond the cut-off date are considered estimates. Upon completion of the City's next rate update, information from January 1st, 2026, up to the new cut-off date will be converted from estimates to actuals. Costs that benefit development prior to and within the review period are included in rates. Costs that benefit development beyond the review period (called "financial oversizing") are excluded from rates. In future years, when rates are updated, and the rolling 25-year period moves further out, offsite infrastructure costs beyond 2050 will gradually find their way into rates. l It is not within OSL scope of work to review or assess capital plans. Infrastructure requirements, costs, allocations etc. are determined by the municipality and their engineering/consulting advisors through various technical document. Page 1 1 City of Chestermere Offsite Levy Rates Update Page | 1 1 INTRODUCTION Bylaw 013-25 amended by the City of Chestermere ("the City") in 2025 defines offsite levy charges for roads, water, sanitary, stormwater, recreation, fire and library infrastructure in the municipality. The City wishes to update this bylaw, amending certain infrastructure in alignment with the City's current capital plans, ensuring updated costs and development forecasts are reflected fairly and equitably in rates, and amending other key inputs and variables thereby ensuring a financially sustainable community. This report outlines the methodology and information used to update the offsite levy charges for the City, as well as other key findings and recommendations. The City maintains various capital plans, and these plans have been used to generate key inputs for this offsite levy rates review. City staff and their engineering advisors reviewed existing plans and identified offsite projects for roads, fire, water, sanitary, stormwater, recreation, and library1. The City's review also included:  Incorporation of offsite levy area measurements and land development forecasts.  Incorporation of infrastructure costs and allocation percentages for existing development, new development, and other parties.  Reconciliation of offsite levy reserve opening balances.  Development of offsite levy rates and associated report using Chestermere's offsite levy model.  Review of offsite levy rates with development industry, staff, and Council. Offsite levy rates within the City's offsite levy model are forecast using a rolling 25-year review period. During this review, a cut-off date of December 31st, 2025 was established (the most recent year-end when the project commenced), and so the 25-year review period stems from 2026 to 2050. Project expenditures, offsite levy receipts, and other financial records were collected as "actuals" from City financial records up to the specified cut-off date. Any financial details beyond the cut-off date are considered estimates. Upon completion of the City's next rate update, information from January 1st, 2026, up to the new cut-off date will be converted from estimates to actuals. Costs that benefit development prior to and within the review period are included in rates. Costs that benefit development beyond the review period (called "financial oversizing") are excluded from rates. In future years, when rates are updated, and the rolling 25-year period moves further out, offsite infrastructure costs beyond 2050 will gradually find their way into rates. 1 It is not within OSL scope of work to review or assess capital plans. Infrastructure requirements, costs, allocations etc. are determined by the municipality and their engineering/consulting advisors through various technical document. City of Chestermere Offsite Levy Rates Update 2 KEY FINDINGS Key findings pertaining to the update of City offsite levy rates are as follows: - Offsite infrastructure costs to be included in the offsite levy bylaw totals approximately $832.16 million (current dollars). An overview of offsite infrastructure costs and maps is provided in Appendices Bl, Cl, D1, El, Fl, Gl, Hl. - Before determining how the infrastructure costs will be allocated to parties that benefit (e.g., existing development, new development, other municipalities etc.), financing provided by way of special ear-marked grants and other contributions are deducted from offsite infrastructure costs. For this update, the City has identified approximately $14.29 million in special grants and contributions. An overview of special grants and contributions and resulting net costs is provided in Appendices B2, C2, D2, E2, F2, G2 and H2. - The residual benefit allocated to existing development (the City's share) is approximately $88.32 million. The share allocated to other stakeholders for joint benefiting projects have been excluded from the model calculation at this time. (e.g. Rockyview and Alberta Transportation contributions to the Highway 1 interchanges). - That portion of cost which is allocated to future development totals approximately $729.56 million {$336.56 million (oversizing) + $392.99 million (in rates)} and is based on the allocations shown in Appendices B4, C4, D4, E4, F4, and G4. However, a portion of the cost allocated to future development is beyond the 25-year review period (called "financial oversizing"). Financial oversizing is determined based on the anticipated year of construction (construction staging) which is provided in Appendices B3, C3, D3, E3, F3, G3, and H3. - Of the $729.56 million in total offsite infrastructure costs allocated to future development, the share allocated to future development that is included in rates today (the offsite levy share) is approximately $393.00 million, as shown in the table below. A complete summary of offsite infrastructure net cost "flow-thru" is provided in Appendices B6, C6, D6, E6, F6, G6, H6. Summary of Infrastructure Costs & Allocations Infrastructure Special Grants & Contributions Muni Share of Costs Other Stakeholders' Share of Costs Developer Cost Beyond 25 Yrs (Financial Oversizing) Developer Costs (In Rates) Total Costs Transportation $ 6,389,024 $ 28,392,722 $ - $ 114,564,724 $ 108,957,756 $ 258,304,226 Water $ 3,499,537 $ - $ - $ 78,723,268 $ 66,904,529 $ 149,127,333 Sanitary $ 4,399,274 $ 6,833,439 $ - $ 65,280,148 $ 69,144,621 $ 145,657,481 Stormwater $ - $ - $ - $ 37,952,339 $ 77,391,314 $ 115,343,653 Recreation $ - $ 39,413,138 $ - $ 39,230,513 $ 46,195,250 $ 124,838,900 Fire $ - $ - $ - $ - $ 14,891,479 $ 14,891,479 Police $ - $ - $ - $ - $ - $ - Library $ - $ 13,680,000 $ - $ 808,400 $ 9,511,600 $ 24,000,000 Total $ 14,287,835 $ 88,319,298 $ - $ 336,559,391 $ 392,996,548 $ 832,163,073 Page 18 City of Chestermere Offsite Levy Rates Update Greg Weiss Page | 8 2 KEY FINDINGS Key findings pertaining to the update of City offsite levy rates are as follows:  Offsite infrastructure costs to be included in the offsite levy bylaw totals approximately $832.16 million (current dollars). An overview of offsite infrastructure costs and maps is provided in Appendices B1, C1, D1, E1, F1, G1, H1.  Before determining how the infrastructure costs will be allocated to parties that benefit (e.g., existing development, new development, other municipalities etc.), financing provided by way of special ear-marked grants and other contributions are deducted from offsite infrastructure costs. For this update, the City has identified approximately $14.29 million in special grants and contributions. An overview of special grants and contributions and resulting net costs is provided in Appendices B2, C2, D2, E2, F2, G2 and H2.  The residual benefit allocated to existing development (the City's share) is approximately $88.32 million. The share allocated to other stakeholders for joint benefiting projects have been excluded from the model calculation at this time. (e.g. Rockyview and Alberta Transportation contributions to the Highway 1 interchanges).  That portion of cost which is allocated to future development totals approximately $729.56 million {$336.56 million (oversizing) + $392.99 million (in rates)} and is based on the allocations shown in Appendices B4, C4, D4, E4, F4, and G4. However, a portion of the cost allocated to future development is beyond the 25-year review period (called "financial oversizing"). Financial oversizing is determined based on the anticipated year of construction (construction staging) which is provided in Appendices B3, C3, D3, E3, F3, G3, and H3.  Of the $729.56 million in total offsite infrastructure costs allocated to future development, the share allocated to future development that is included in rates today (the offsite levy share) is approximately $393.00 million, as shown in the table below. A complete summary of offsite infrastructure net cost "flow-thru" is provided in Appendices B6, C6, D6, E6, F6, G6, H6. Summary of Infrastructure Costs & Allocations Infrastructure Special Grants & Contributions Muni Share of Costs Other Stakeholders' Share of Costs Developer Cost Beyond 25 Yrs (Financial Oversizing) Developer Costs (In Rates) Total Costs Transportation 6,389,024 $ 28,392,722 $ - $ 114,564,724 $ 108,957,756 $ 258,304,226 $ Water 3,499,537 $ - $ - $ 78,723,268 $ 66,904,529 $ 149,127,333 $ Sanitary 4,399,274 $ 6,833,439 $ - $ 65,280,148 $ 69,144,621 $ 145,657,481 $ Stormwater - $ - $ - $ 37,952,339 $ 77,391,314 $ 115,343,653 $ Recreation - $ 39,413,138 $ - $ 39,230,513 $ 46,195,250 $ 124,838,900 $ Fire - $ - $ - $ - $ 14,891,479 $ 14,891,479 $ Police - $ - $ - $ - $ - $ - $ Library - $ 13,680,000 $ - $ 808,400 $ 9,511,600 $ 24,000,000 $ Total 14,287,835 $ 88,319,298 $ - $ 336,559,391 $ 392,996,548 $ 832,163,073 $ City of Chestermere Offsite Levy Rates Update Before allocating infrastructure costs to benefitting lands, offsite levy costs must be reduced by the amount of levies collected to date. Up to December 31st, 2025, the City has collected approximately $97.60 million as shown in Appendices B5, C5, D5, E5, F5, G5, and H5. Summary of Offsite Levy Collections Levies Collected To Cut-off Date Transportation $ 31,261,649 Water $ 19,294,232 Sanitary $ 15,475,779 Stormwater $ 15,338,937 Recreation $ 13,812,410 Fire $ 2,191,875 Police $ Library $ 224,429 Total $ 97,599,312 To facilitate the allocation of infrastructure costs to those lands that benefit from the infrastructure, the City is parsed into 22 offsite levy areas. The area boundaries, numbering schema, and area measurements are described in Appendix A along with an offsite levy map; and an overview of offsite infrastructure allocations to each benefitting area is provided in Appendices B7, C7, D7, E7, F7, G7, and H7. To calculate offsite levy rates, it is necessary to forecast the amount of land that will develop during the 25-year review period. Land development forms the denominator of the rate calculation. A larger denominator reduces rates but could potentially result in under-collection thereby placing an increased burden on tax payers. A smaller denominator increases rates but could potentially result in over-collection thereby placing an increased burden on future development. Accordingly, land development forecasts need to be (a) reasonable and reflect current planning assumptions including the current pace of development in the community, and (b) updated regularly. For this update, the City is forecasting development of approximately 727.9 ha. over the 25-year review period. The land development forecast and underpinning assumptions are shown in Appendix A. This represents a 38.1 ha decrease since the 2025 update, which moderates the increase in rates as discussed further below. Offsite Levy Accounts. The City is managing offsite levy receipts and withdrawals via 7 accounts, in alignment with MGA requirements (i.e., one account for each infrastructure type). The reason that an account is required for each infrastructure type is because offsite levies can only be used for the type of infrastructure for which they were collected (e.g., water levies can only be used to construct water offsite infrastructure, not sanitary infrastructure etc.). An overview of updated account balances is shown in Appendices B8, C8, D8, E8, F8, G8, and H8. Interest. Offsite levy accounts (both actual and forecast) are impacted by interest. Actual Page 19 City of Chestermere Offsite Levy Rates Update Greg Weiss Page | 9 Before allocating infrastructure costs to benefitting lands, offsite levy costs must be reduced by the amount of levies collected to date. Up to December 31st, 2025, the City has collected approximately $97.60 million as shown in Appendices B5, C5, D5, E5, F5, G5, and H5. Summary of Offsite Levy Collections To facilitate the allocation of infrastructure costs to those lands that benefit from the infrastructure, the City is parsed into 22 offsite levy areas. The area boundaries, numbering schema, and area measurements are described in Appendix A along with an offsite levy map; and an overview of offsite infrastructure allocations to each benefitting area is provided in Appendices B7, C7, D7, E7, F7, G7, and H7. To calculate offsite levy rates, it is necessary to forecast the amount of land that will develop during the 25-year review period. Land development forms the denominator of the rate calculation. A larger denominator reduces rates but could potentially result in under-collection thereby placing an increased burden on tax payers. A smaller denominator increases rates but could potentially result in over-collection thereby placing an increased burden on future development. Accordingly, land development forecasts need to be (a) reasonable and reflect current planning assumptions including the current pace of development in the community, and (b) updated regularly. For this update, the City is forecasting development of approximately 727.9 ha. over the 25-year review period. The land development forecast and underpinning assumptions are shown in Appendix A. This represents a 38.1 ha decrease since the 2025 update, which moderates the increase in rates as discussed further below. Offsite Levy Accounts. The City is managing offsite levy receipts and withdrawals via 7 accounts, in alignment with MGA requirements (i.e., one account for each infrastructure type). The reason that an account is required for each infrastructure type is because offsite levies can only be used for the type of infrastructure for which they were collected (e.g., water levies can only be used to construct water offsite infrastructure, not sanitary infrastructure etc.). An overview of updated account balances is shown in Appendices B8, C8, D8, E8, F8, G8, and H8. Interest. Offsite levy accounts (both actual and forecast) are impacted by interest. Actual Transportation 31,261,649 $ Water 19,294,232 $ Sanitary 15,475,779 $ Stormwater 15,338,937 $ Recreation 13,812,410 $ Fire 2,191,875 $ Police - $ Library 224,429 $ Total 97,599,312 $ Levies Collected To Cut-off Date City of Chestermere Offsite Levy Rates Update reserve inflows and forecast account balances that are in a positive position earn interest (as required by the MGA). Actual reserve outflows and forecast account balances that are in a negative position are charged interest (forecast balances that are negative indicate that front-ending will be required). An overview of account interest rates and forecast balances over the 25-year review period is shown in Appendices B9, C9, D9, E9, F9, G9 and H9. Front-ending. Front-ending is an extremely important concept that underpins rigorous management of offsite levies. Front-ending represents debts owed by future development to the municipality for past construction undertaken by the municipality on behalf of future development--i.e., a municipality will often pay for its share of an offsite infrastructure project in addition to that portion of the project which benefits future development when offsite levy reserve balances are insufficient to pay for future development's share of the project. Because front-ending balances represent debts owed to the municipality, they need to be clearly reflected in official City documents such as levy account balances, financial statements (e.g., front-ending notes), or accounts receivables, etc. This documentation enables the City to collect on these debts as future development occurs, and offsite levies are collected. At end 2025, the overall net front-ending due to the City was $34.46 million. A complete reconciliation of balances for each of the 7 accounts is provided in Appendices B8, C8, D8, E8, F8, G8 and H8. Summary of Account Balances & Front-ending Account/Reserve Account Balance Front-ending Due Transportation $ 9,369,970 $ Water $ (872,591) $ 872,591 Sanitary $ (33,584,624) $ 33,584,624 Stormwater $ 7,437,541 $ Recreation $ 12,253,123 $ Fire $ 2,205,157 $ Police $ - $ Library $ 226,561 $ Total $ (2,964,862) $ 34,457,215 Page 1 10 City of Chestermere Offsite Levy Rates Update Greg Weiss Page | 10 reserve inflows and forecast account balances that are in a positive position earn interest (as required by the MGA). Actual reserve outflows and forecast account balances that are in a negative position are charged interest (forecast balances that are negative indicate that front-ending will be required). An overview of account interest rates and forecast balances over the 25-year review period is shown in Appendices B9, C9, D9, E9, F9, G9 and H9. Front-ending. Front-ending is an extremely important concept that underpins rigorous management of offsite levies. Front-ending represents debts owed by future development to the municipality for past construction undertaken by the municipality on behalf of future development--i.e., a municipality will often pay for its share of an offsite infrastructure project in addition to that portion of the project which benefits future development when offsite levy reserve balances are insufficient to pay for future development's share of the project. Because front-ending balances represent debts owed to the municipality, they need to be clearly reflected in official City documents such as levy account balances, financial statements (e.g., front-ending notes), or accounts receivables, etc. This documentation enables the City to collect on these debts as future development occurs, and offsite levies are collected. At end 2025, the overall net front-ending due to the City was $34.46 million. A complete reconciliation of balances for each of the 7 accounts is provided in Appendices B8, C8, D8, E8, F8, G8 and H8. Summary of Account Balances & Front-ending Account/Reserve Account Balance Front-ending Due Transportation 9,369,970 $ - $ Water (872,591) $ 872,591 $ Sanitary (33,584,624) $ 33,584,624 $ Stormwater 7,437,541 $ - $ Recreation 12,253,123 $ - $ Fire 2,205,157 $ - $ Police - $ - $ Library 226,561 $ - $ Total (2,964,862) $ 34,457,215 $ City of Chestermere Offsite Levy Rates Update 3 RATES For future development to pay for its share of the $832.16 million infrastructure costs either built already or contained in the City's future capital plans, rates are $431,720 per net hectare on a weighted average basis. These rates reflect the actual cost of infrastructure required to facilitate development in the City. A comparison of offsite levy rates with other municipalities is summarized in Appendix G. Since the last update, rates have increased an weighted average of -5.32%. The reason for this increase is increase of infrastructure costs, change of project timing, and additional projects within the 25-year review period. The land development forecast has decreased -4.97%. Summary of Offsite Levy Charges (Per Net Ha) 2 Transportation Charges Water Charges Sanitary Charges Storm Charges Recreation Charges Fire Charges Library Charges Total High $ 115,907 $ 63,055 $ 132,566 $ 134,612 $ 45,190 $ 19,930 $ 14,300 $ 493,278 Low $ 115,907 $ 63,055 $ 30,094 $ - $ 45,190 $ 19,930 $ 14,300 $ 288,475 Weighted Average $ 115,907 $ 63,055 $ 87,950 $ 85,389 $ 45,190 $ 19,930 $ 14,300 $ 431,720 2 Highs, lows, and weighted averages are shown for information purposes only. Developers pay the actual offsite levy charges pertaining to their specific offsite levy area. Page 1 11 City of Chestermere Offsite Levy Rates Update Greg Weiss Page | 11 3 RATES For future development to pay for its share of the $832.16 million infrastructure costs either built already or contained in the City's future capital plans, rates are $431,720 per net hectare on a weighted average basis. These rates reflect the actual cost of infrastructure required to facilitate development in the City. A comparison of offsite levy rates with other municipalities is summarized in Appendix G. Since the last update, rates have increased an weighted average of ~5.32%. The reason for this increase is increase of infrastructure costs, change of project timing, and additional projects within the 25-year review period. The land development forecast has decreased ~4.97%. Summary of Offsite Levy Charges (Per Net Ha) 2 2 Highs, lows, and weighted averages are shown for information purposes only. Developers pay the actual offsite levy charges pertaining to their specific offsite levy area. Transportation Charges Water Charges Sanitary Charges Storm Charges Recreation Charges Fire Charges Library Charges Total High 115,907 $ 63,055 $ 132,566 $ 134,612 $ 45,190 $ 19,930 $ 14,300 $ 493,278 $ Low 115,907 $ 63,055 $ 30,094 $ - $ 45,190 $ 19,930 $ 14,300 $ 288,475 $ Weighted Average 115,907 $ 63,055 $ 87,950 $ 85,389 $ 45,190 $ 19,930 $ 14,300 $ 431,720 $ City of Chestermere Offsite Levy Rates Update Summary of Offsite Levy Charges by Area (Per Net Ha) 3 Area # Transportation Levies Water Levies Sanitary Levies Stormwater Levies Recreation Levies Fire Levies Library Levies Total 1 $ 115,907 $ 63,055 $ 93,857 $ - $ 45,190 $ 19,930 $ 14,300 $ 352,238 2 $ 115,907 $ 63,055 $ 111,461 $ 68,905 $ 45,190 $ 19,930 $ 14,300 $ 438,747 3 $ 115,907 $ 63,055 $ 73,294 $ 100,420 $ 45,190 $ 19,930 $ 14,300 $ 432,095 4 $ 115,907 $ 63,055 $ 41,427 $ - $ 45,190 $ 19,930 $ 14,300 $ 299,808 5 $ 115,907 $ 63,055 $ 41,427 $ 69,329 $ 45,190 $ 19,930 $ 14,300 $ 369,137 6 $ 115,907 $ 63,055 $ 93,839 $ 134,612 $ 45,190 $ 19,930 $ 14,300 $ 486,832 7 $ 115,907 $ 63,055 $ 30,094 $ - $ 45,190 $ 19,930 $ 14,300 $ 288,475 8 $ 115,907 $ 63,055 $ 93,839 $ 102,331 $ 45,190 $ 19,930 $ 14,300 $ 454,551 9 $ 115,907 $ 63,055 $ 132,566 $ 102,331 $ 45,190 $ 19,930 $ 14,300 $ 493,278 10 $ 115,907 $ 63,055 $ 93,857 $ 102,331 $ 45,190 $ 19,930 $ 14,300 $ 454,569 11 $ 115,907 $ 63,055 $ 73,294 $ - $ 45,190 $ 19,930 $ 14,300 $ 331,675 12 $ 115,907 $ 63,055 $ 93,857 $ - $ 45,190 $ 19,930 $ 14,300 $ 352,238 13 $ 115,907 $ 63,055 $ 111,461 $ 68,905 $ 45,190 $ 19,930 $ 14,300 $ 438,747 14 $ 115,907 $ 63,055 $ 41,427 $ 102,674 $ 45,190 $ 19,930 $ 14,300 $ 402,483 15 $ 115,907 $ 63,055 $ 94,431 $ - $ 45,190 $ 19,930 $ 14,300 $ 352,812 16 $ 115,907 $ 63,055 $ 100,143 $ 66,651 $ 45,190 $ 19,930 $ 14,300 $ 425,175 17 $ 115,907 $ 63,055 $ 41,427 $ 100,420 $ 45,190 $ 19,930 $ 14,300 $ 400,228 18 $ 115,907 $ 63,055 $ 93,839 $ 88,498 $ 45,190 $ 19,930 $ 14,300 $ 440,719 19 $ 115,907 $ 63,055 $ 100,143 $ 100,420 $ 45,190 $ 19,930 $ 14,300 $ 458,944 20 $ 115,907 $ 63,055 $ 93,839 $ 57,158 $ 45,190 $ 19,930 $ 14,300 $ 409,378 21 $ 115,907 $ 63,055 $ 100,143 $ 59,474 $ 45,190 $ 19,930 $ 14,300 $ 417,998 22 $ 115,907 $ 63,055 $ 93,857 $ 68,905 $ 45,190 $ 19,930 $ 14,300 $ 421,143 3Area # refers to areas outline on the figure presented in Appendix A. 4 RECOMMENDATIONS City Administration recommends the following: 1. Implement the updated offsite levy rates outlined in Section 3. 2. To include Developer Front Ended Projects into the model, asset contributions and credits into the next update. 3. Consider comprehensive funding models for infrastructure projects. Page 1 12 City of Chestermere Offsite Levy Rates Update Greg Weiss Page | 12 Summary of Offsite Levy Charges by Area (Per Net Ha) 3 3Area # refers to areas outline on the figure presented in Appendix A. 4 RECOMMENDATIONS City Administration recommends the following: 1. Implement the updated offsite levy rates outlined in Section 3. 2. To include Developer Front Ended Projects into the model, asset contributions and credits into the next update. 3. Consider comprehensive funding models for infrastructure projects. Area # Transportation Levies Water Levies Sanitary Levies Stormwater Levies Recreation Levies Fire Levies Library Levies Total 1 115,907 $ 63,055 $ 93,857 $ - $ 45,190 $ 19,930 $ 14,300 $ 352,238 $ 2 115,907 $ 63,055 $ 111,461 $ 68,905 $ 45,190 $ 19,930 $ 14,300 $ 438,747 $ 3 115,907 $ 63,055 $ 73,294 $ 100,420 $ 45,190 $ 19,930 $ 14,300 $ 432,095 $ 4 115,907 $ 63,055 $ 41,427 $ - $ 45,190 $ 19,930 $ 14,300 $ 299,808 $ 5 115,907 $ 63,055 $ 41,427 $ 69,329 $ 45,190 $ 19,930 $ 14,300 $ 369,137 $ 6 115,907 $ 63,055 $ 93,839 $ 134,612 $ 45,190 $ 19,930 $ 14,300 $ 486,832 $ 7 115,907 $ 63,055 $ 30,094 $ - $ 45,190 $ 19,930 $ 14,300 $ 288,475 $ 8 115,907 $ 63,055 $ 93,839 $ 102,331 $ 45,190 $ 19,930 $ 14,300 $ 454,551 $ 9 115,907 $ 63,055 $ 132,566 $ 102,331 $ 45,190 $ 19,930 $ 14,300 $ 493,278 $ 10 115,907 $ 63,055 $ 93,857 $ 102,331 $ 45,190 $ 19,930 $ 14,300 $ 454,569 $ 11 115,907 $ 63,055 $ 73,294 $ - $ 45,190 $ 19,930 $ 14,300 $ 331,675 $ 12 115,907 $ 63,055 $ 93,857 $ - $ 45,190 $ 19,930 $ 14,300 $ 352,238 $ 13 115,907 $ 63,055 $ 111,461 $ 68,905 $ 45,190 $ 19,930 $ 14,300 $ 438,747 $ 14 115,907 $ 63,055 $ 41,427 $ 102,674 $ 45,190 $ 19,930 $ 14,300 $ 402,483 $ 15 115,907 $ 63,055 $ 94,431 $ - $ 45,190 $ 19,930 $ 14,300 $ 352,812 $ 16 115,907 $ 63,055 $ 100,143 $ 66,651 $ 45,190 $ 19,930 $ 14,300 $ 425,175 $ 17 115,907 $ 63,055 $ 41,427 $ 100,420 $ 45,190 $ 19,930 $ 14,300 $ 400,228 $ 18 115,907 $ 63,055 $ 93,839 $ 88,498 $ 45,190 $ 19,930 $ 14,300 $ 440,719 $ 19 115,907 $ 63,055 $ 100,143 $ 100,420 $ 45,190 $ 19,930 $ 14,300 $ 458,944 $ 20 115,907 $ 63,055 $ 93,839 $ 57,158 $ 45,190 $ 19,930 $ 14,300 $ 409,378 $ 21 115,907 $ 63,055 $ 100,143 $ 59,474 $ 45,190 $ 19,930 $ 14,300 $ 417,998 $ 22 115,907 $ 63,055 $ 93,857 $ 68,905 $ 45,190 $ 19,930 $ 14,300 $ 421,143 $ City of Chestermere Offsite Levy Rates Update Al. Offsite Levy Areas The City is parsed into 22 offsite levy areas, as shown in the map below. Areas take into consideration existing/planned infrastructure basins as well as natural and man-made barriers (e.g., rivers, highways, etc.). All offsite levy infrastructure costs are allocated to one or more areas. Offsite Levy Areas 2 16 21 19 / 3 Ec 13 3 22 15 17 14 4 5 12, Off-Site Levy By-Law 2026 ['Nester-mere, Alberta Area Calculations 1 4.274 ha 9 140.467 ha 17 182.664 ha 2 258.918 ha 10 346.653 ha 18 32.890 ha 3 237.150 ha 11 3.259 ha 19 63.117 ha 4 31.747 ha 12 3.798 ha 20 104.005 ha 5 136.448 ha 13 62.606 21 21.925 6 206.962 ha 14 39.870 ha 22 61.35 7 17.622 ha 15 Developed 8 292.738 ha 16 180.641 ha 10 9 7 18 8 20 6 Page 1 13 City of Chestermere Offsite Levy Rates Update Greg Weiss Page | 13 A1. Offsite Levy Areas The City is parsed into 22 offsite levy areas, as shown in the map below.. Areas take into consideration existing/planned infrastructure basins as well as natural and man-made barriers (e.g., rivers, highways, etc.). All offsite levy infrastructure costs are allocated to one or more areas. Offsite Levy Areas City of Chestermere Offsite Levy Rates Update Total net development area, the amount of land available for development across all offsite levy areas, is approximately 2047 net ha. In calculating net development area only, those lands remaining to be developed (at Dec 31, 2016) that have not previously paid offsite levies have been considered (as required by legislation/regulation). Further, allowances have been made to net development area calculations for environmental reserves, municipal reserves, arterial road right of way and public utility lots dedicated for off-site levy projects. Page 1 14 City of Chestermere Offsite Levy Rates Update Greg Weiss Page | 14 Total net development area, the amount of land available for development across all offsite levy areas, is approximately 2047 net ha. In calculating net development area only, those lands remaining to be developed (at Dec 31, 2016) that have not previously paid offsite levies have been considered (as required by legislation/regulation). Further, allowances have been made to net development area calculations for environmental reserves, municipal reserves, arterial road right of way and public utility lots dedicated for off-site levy projects. City of Chestermere Offsite Levy Rates Update Offisite Levy Net Development Area I Land Use Gross Area (ha.) Environmental Reserves (ha.) Sub-total Municipal Reserves Arterial Right of Way Net Development Area (ha.) Area Ref. # Development Area Location 1.1 Westmere Residential - Low Density 3.791 3.79 1 3.79 1.2 Westmere Residential - Medium/High Density li 1.3 Westmere Commercial 0.47 0.47 1 0.47 1.4 Westmere Industrial I 1.5 Westmere Other 2.1 North Waterbridge Residential - Low Density 115.53 115.53 11.55 103.98 2.2 North Waterbridge Residential - Medium/High Density 2.3 North Waterbridge Commercial 24.87 24.87 1 24.87 2.4 North Waterbridge Industrial 118.60 118.60 7.20 111.40 2.5 North Waterbridge Other 3.1 Chelsea & Dawson's Landing Residential - Low Density 214.66 9.53 205.13 27.73 177.40 3.2 Chelsea & Dawson's Landing Residential - Medium/High Density 12.45 12.45 1.25 11.21 3.3 Chelsea & Dawson's Landing Commercial 10.51 10.51 10.51 3.4 Chelsea & Dawson's Landing Industrial 3.5 Chelsea & Dawson's Landing Other 4.1 South Shore Residential - Low Density 31.75 31.75 3.18 2.07 26.50 4.2 South Shore Residential - Medium/High Density 4.3 South Shore Commercial 4.4 South Shore Industrial 4.5 South Shore Other 5.1 Edgewater Residential - Low Density 134.29 6.50 127.79 12.78 1.71 113.30 5.2 Edgewater Residential - Medium/High Density 5.3 Edgewater Commercial 2.16 2.16 2.16 5.4 Edgewater Industrial 5.5 Edgewater Other 6.1 South Industrial Residential - Low Density 6.2 South Industrial Residential - Medium/High Density 6.3 South Industrial Commercial 6.4 South Industrial Industrial 211.53 14.00 197.53 19.75 4.20 173.58 6.5 South Industrial Other 7.1 Kinniburgh Residential - Low Density 11.351 11.35 1.09 10.26 7.2 Kinniburgh Residential - Medium/High Density 7.3 Kinniburgh Commercial 7.4 Kinniburgh Industrial 7.5 Kinniburgh Other 8.1 Sierra Vista Residential - Low Density 292.74 39.00 253.74 25.37 228.37 8.2 Sierra Vista Residential - Medium/High Density 8.3 Sierra Vista Commercial 8.4 Sierra Vista Industrial 8.5 Sierra Vista Other 9.1 East Acreages Residential - Low Density 67.60 21.80 45.80 45.80 9.2 East Acreages Residential - Medium/High Density 51.70 12.50 39.20 39.20 9.3 East Acreages Commercial 14.30 1.70 12.60 12.60 9.4 East Acreages Industrial 9.5 East Acreages Other 6.54 6.54 6.54 Page 1 15 City of Chestermere Offsite Levy Rates Update Greg Weiss Page | 15 Offisite Levy Net Development Area Area Ref. # Development Area Location Land Use Gross Area (ha.) Environmental Reserves (ha.) Sub-total Municipal Reserves Arterial Right of Way Net Development Area (ha.) 1.1 Westmere Residential - Low Density 3.79 3.79 - 3.79 1.2 Westmere Residential - Medium/High Density - - - 1.3 Westmere Commercial 0.47 0.47 - 0.47 1.4 Westmere Industrial - - - 1.5 Westmere Other - - - 2.1 North Waterbridge Residential - Low Density 115.53 115.53 11.55 103.98 2.2 North Waterbridge Residential - Medium/High Density - - - 2.3 North Waterbridge Commercial 24.87 24.87 - 24.87 2.4 North Waterbridge Industrial 118.60 118.60 - 7.20 111.40 2.5 North Waterbridge Other - - - 3.1 Chelsea & Dawson's Landing Residential - Low Density 214.66 9.53 205.13 27.73 177.40 3.2 Chelsea & Dawson's Landing Residential - Medium/High Density 12.45 12.45 1.25 11.21 3.3 Chelsea & Dawson's Landing Commercial 10.51 10.51 - 10.51 3.4 Chelsea & Dawson's Landing Industrial - - - - 3.5 Chelsea & Dawson's Landing Other - - - - 4.1 South Shore Residential - Low Density 31.75 31.75 3.18 2.07 26.50 4.2 South Shore Residential - Medium/High Density - - - 4.3 South Shore Commercial - - - 4.4 South Shore Industrial - - - 4.5 South Shore Other - - - 5.1 Edgewater Residential - Low Density 134.29 6.50 127.79 12.78 1.71 113.30 5.2 Edgewater Residential - Medium/High Density - - - 5.3 Edgewater Commercial 2.16 2.16 - 2.16 5.4 Edgewater Industrial - - - - 5.5 Edgewater Other - - - 6.1 South Industrial Residential - Low Density - - - 6.2 South Industrial Residential - Medium/High Density - - - 6.3 South Industrial Commercial - - - 6.4 South Industrial Industrial 211.53 14.00 197.53 19.75 4.20 173.58 6.5 South Industrial Other - - - 7.1 Kinniburgh Residential - Low Density 11.35 11.35 1.09 - 10.26 7.2 Kinniburgh Residential - Medium/High Density - - - - 7.3 Kinniburgh Commercial - - - - 7.4 Kinniburgh Industrial - - - - 7.5 Kinniburgh Other - - - - 8.1 Sierra Vista Residential - Low Density 292.74 39.00 253.74 25.37 - 228.37 8.2 Sierra Vista Residential - Medium/High Density - - - - 8.3 Sierra Vista Commercial - - - - 8.4 Sierra Vista Industrial - - - - 8.5 Sierra Vista Other - - - - 9.1 East Acreages Residential - Low Density 67.60 21.80 45.80 - 45.80 9.2 East Acreages Residential - Medium/High Density 51.70 12.50 39.20 - 39.20 9.3 East Acreages Commercial 14.30 1.70 12.60 - 12.60 9.4 East Acreages Industrial - - - - 9.5 East Acreages Other 6.54 6.54 - 6.54 City of Chestermere Offsite Levy Rates Update 10.1 Mountain View Park Residential - Low Density 100.17 100.17 10.02 90.15 10.2 Mountain View Park Residential - Medium/High Density 81.19 81.19 8.12 73.07 10.3 Mountain View Park Commercial 40.00 40.00 4.00 36.00 10.4 Mountain View Park Industrial 120.44 120.44 12.04 108.40 10.5 Mountain View Park Other 4.86 4.86 0.49 4.37 11.1 Goodacre Residential - Low Density - - - 11.2 Goodacre Residential - Medium/High Density 3.26 3.26 3.26 11.3 Goodacre Commercial - - 11.4 Goodacre Industrial - - - 11.5 Goodacre Other - - - 12.1 North East Westmere Residential - Low Density 3.80 3.80 0.38 0.20 3.22 12.2 North East Westmere Residential - Medium/High Density - - - 12.3 North East Westmere Commercial - - - 12.4 North East Westmere Industrial - - - 12.5 North East Westmere Other - - - 13.1 North Acreages Residential - Low Density 61.33 2.00 59.33 5.93 1.20 52.20 13.2 North Acreages Residential - Medium/High Density - - - 13.3 North Acreages Commercial - - - 13.4 North Acreages Industrial 1.25 1.25 - 1.25 13.5 North Acreages Other - - - 14.1 Paradise Meadows Residential - Low Density 36.53 36.53 3.65 - 32.88 14.2 Paradise Meadows Residential - Medium/High Density - - - - 14.3 Paradise Meadows Commercial - - - - 14.4 Paradise Meadows Industrial - - - - 14.5 Paradise Meadows Other - - - - - 15.1 Existing Development Residential - Low Density 2.171 2.17 - - 2.17 15.2 Existing Development Residential - Medium/High Density - - - - 15.3 Existing Development Commercial - - - 15.4 Existing Development Industrial - - - - 15.5 Existing Development Other - - - - 16.1 BridgePort Residential - Low Density 149.524 7.68 141.84 18.75 1.36 121.73 16.2 BridgePort Residential - Medium/High Density - - - - 16.3 BridgePort Commercial 31.12 31.12 - 0.13 30.99 16.4 BridgePort Industrial - - - - - 16.5 BridgePort Other - - - - 17.1 Waterford Residential - Low Density 174.56 2.60 171.96 18.69 5.03 148.24 17.2 Waterford Residential - Medium/High Density - - - - 17.3 Waterford Commercial 8.19 8.19 - - 8.19 17.4 Waterford Industrial - - - - 17.5 Waterford Other - - - - 18.1 South East Chestermere Residential - Low Density 29.02 3.32 25.70 2.57 - 23.13 18.2 South East Chestermere Residential - Medium/High Density - - - - 18.3 South East Chestermere Commercial 3.87 3.87 - - 3.87 18.4 South East Chestermere Industrial - - - - 18.5 South East Chestermere Other - - - - 19.1 BridgePort-East Residential - Low Density 32.34 32.34 5.63 1.44 25.27 19.2 BridgePort-East Residential - Medium/High Density 6.63 6.63 - 6.63 19.3 BridgePort-East Commercial 24.15 24.15 - 24.15 19.4 BridgePort-East Industrial - - - - 19.5 BridgePort-East Other - - - - Page 1 16 City of Chestermere Offsite Levy Rates Update Page | 16 10.1 Mountain View Park Residential - Low Density 100.17 100.17 10.02 90.15 10.2 Mountain View Park Residential - Medium/High Density 81.19 81.19 8.12 73.07 10.3 Mountain View Park Commercial 40.00 40.00 4.00 36.00 10.4 Mountain View Park Industrial 120.44 120.44 12.04 108.40 10.5 Mountain View Park Other 4.86 4.86 0.49 4.37 11.1 Goodacre Residential - Low Density - - - 11.2 Goodacre Residential - Medium/High Density 3.26 3.26 3.26 11.3 Goodacre Commercial - - 11.4 Goodacre Industrial - - - 11.5 Goodacre Other - - - 12.1 North East Westmere Residential - Low Density 3.80 3.80 0.38 0.20 3.22 12.2 North East Westmere Residential - Medium/High Density - - - 12.3 North East Westmere Commercial - - - 12.4 North East Westmere Industrial - - - 12.5 North East Westmere Other - - - 13.1 North Acreages Residential - Low Density 61.33 2.00 59.33 5.93 1.20 52.20 13.2 North Acreages Residential - Medium/High Density - - - 13.3 North Acreages Commercial - - - 13.4 North Acreages Industrial 1.25 1.25 - 1.25 13.5 North Acreages Other - - - 14.1 Paradise Meadows Residential - Low Density 36.53 36.53 3.65 - 32.88 14.2 Paradise Meadows Residential - Medium/High Density - - - - 14.3 Paradise Meadows Commercial - - - - 14.4 Paradise Meadows Industrial - - - - 14.5 Paradise Meadows Other - - - - - 15.1 Existing Development Residential - Low Density 2.17 2.17 - - 2.17 15.2 Existing Development Residential - Medium/High Density - - - - 15.3 Existing Development Commercial - - - 15.4 Existing Development Industrial - - - - 15.5 Existing Development Other - - - - 16.1 BridgePort Residential - Low Density 149.52 7.68 141.84 18.75 1.36 121.73 16.2 BridgePort Residential - Medium/High Density - - - - 16.3 BridgePort Commercial 31.12 31.12 - 0.13 30.99 16.4 BridgePort Industrial - - - - - 16.5 BridgePort Other - - - - 17.1 Waterford Residential - Low Density 174.56 2.60 171.96 18.69 5.03 148.24 17.2 Waterford Residential - Medium/High Density - - - - 17.3 Waterford Commercial 8.19 8.19 - - 8.19 17.4 Waterford Industrial - - - - 17.5 Waterford Other - - - - 18.1 South East Chestermere Residential - Low Density 29.02 3.32 25.70 2.57 - 23.13 18.2 South East Chestermere Residential - Medium/High Density - - - - 18.3 South East Chestermere Commercial 3.87 3.87 - - 3.87 18.4 South East Chestermere Industrial - - - - 18.5 South East Chestermere Other - - - - 19.1 BridgePort-East Residential - Low Density 32.34 32.34 5.63 1.44 25.27 19.2 BridgePort-East Residential - Medium/High Density 6.63 6.63 - 6.63 19.3 BridgePort-East Commercial 24.15 24.15 - 24.15 19.4 BridgePort-East Industrial - - - - 19.5 BridgePort-East Other - - - - City of Chestermere Offsite Levy Rates Update 20.1 Webster Residential - Low Density m 20.2 Webster Residential - Medium/High Density 20.3 Webster Commercial 14.001 14.00 1 14.00 20.4 Webster Industrial 90.001 90.00 9.00 21.30 59.70 20.5 Webster Other 21.1 Brideport-Central Residential - Low Density 8.37 8.37 0.84 7.53 21.2 Brideport-Central Residential - Medium/High Density 21.3 Brideport-Central Commercial 13.56 13.56 1.36 12.20 21.4 Brideport-Central Industrial 21.5 Brideport-Central Other 22.1 North Acreages - East Residential - Low Density 61.33 2.00 59.33 5.93 0.60 52.80 22.2 North Acreages - East Residential - Medium/High Density 22.3 North Acreages - East Commercial 22.4 North Acreages - East Industrial 22.5 North Acreages - East Other - Total 2,426.49 122.63 2,303.87 210.10 46.45 2,047.33 Page 1 17 City of Chestermere Offsite Levy Rates Update Page | 17 20.1 Webster Residential - Low Density - - - - - 20.2 Webster Residential - Medium/High Density - - - - 20.3 Webster Commercial 14.00 14.00 - - 14.00 20.4 Webster Industrial 90.00 90.00 9.00 21.30 59.70 20.5 Webster Other - - - - 21.1 Brideport-Central Residential - Low Density 8.37 8.37 0.84 - 7.53 21.2 Brideport-Central Residential - Medium/High Density - - - - - - 21.3 Brideport-Central Commercial 13.56 - 13.56 1.36 - 12.20 21.4 Brideport-Central Industrial - - - - - - 21.5 Brideport-Central Other - - - - - - 22.1 North Acreages - East Residential - Low Density 61.33 2.00 59.33 5.93 0.60 52.80 22.2 North Acreages - East Residential - Medium/High Density - - - - - - 22.3 North Acreages - East Commercial - - - - - - 22.4 North Acreages - East Industrial - - - - - - 22.5 North Acreages - East Other - - - - - - Total 2,426.49 122.63 2,303.87 210.10 46.45 2,047.33 City of Chestermere Offsite Levy Rates Update Summary of Offsite Levy Net Development Area Description I ha. Gross Development Area 2,426.49 Less Environment Reserve 122.63 Less Municipal Reserve 210.10 Less ROW Allowance 46.45 Net Development Area 2,047.33 *Note: 1 Hectare (ha.) = -2.47 Acres Net development area definitions will be applied in determining offsite levy obligations of developers on application for subdivision or development within the City of Chestermere. Net development area is defined as follows: - Gross Area - The area of lands to be developed in hectares that have not previously paid an offsite levy. o Less: Any environmental reserves contained within the development area. o Less: Any allowance for Municipal Reserves. o Less: Arterial road right of way that bisects the development lands. o Less: Public utility lots dedicated to off-site levy projects. - Equals: Net Developable Area, which is the area subject to offsite levies. A2. Development Staging A rate planning period of 25-years underpins the offsite levy model and rate calculations. Many municipalities use this planning period as it provides a reasonable timeframe to recoup the costs associated with offsite levy infrastructure construction, and it aligns with the timeframes of many municipal capital planning and construction cycles. Of the 2047.33 net ha. of development area available across all offsite levy development areas, planners estimate that approximately 727.90 net ha. (35.6%) will develop during the next 25-years (the rate planning period) as shown in the tables below. Summary of Anticipated Development during the 25-year Rate Planning Period Developed Since Model Created 370.93 18.1% Developed In Next 25 Years 727.90 35.6% Developed Beyond 25 Years 948.50 46.3% Net Development Area 2,047.33 Page 1 18 City of Chestermere Offsite Levy Rates Update Page | 18 Summary of Offsite Levy Net Development Area *Note: 1 Hectare (ha.) = ~2.47 Acres Net development area definitions will be applied in determining offsite levy obligations of developers on application for subdivision or development within the City of Chestermere. Net development area is defined as follows:  Gross Area - The area of lands to be developed in hectares that have not previously paid an offsite levy. o Less: Any environmental reserves contained within the development area. o Less: Any allowance for Municipal Reserves. o Less: Arterial road right of way that bisects the development lands. o Less: Public utility lots dedicated to off-site levy projects.  Equals: Net Developable Area, which is the area subject to offsite levies. A2. Development Staging A rate planning period of 25-years underpins the offsite levy model and rate calculations. Many municipalities use this planning period as it provides a reasonable timeframe to recoup the costs associated with offsite levy infrastructure construction, and it aligns with the timeframes of many municipal capital planning and construction cycles. Of the 2047.33 net ha. of development area available across all offsite levy development areas, planners estimate that approximately 727.90 net ha. (35.6%) will develop during the next 25-years (the rate planning period) as shown in the tables below. Summary of Anticipated Development during the 25-year Rate Planning Period Developed Since Model Created 370.93 18.1% Developed In Next 25 Years 727.90 35.6% Developed Beyond 25 Years 948.50 46.3% Net Development Area 2,047.33 Description ha. Gross Development Area 2,426.49 Less Environment Reserve 122.63 Less Municipal Reserve 210.10 Less ROW Allowance 46.45 Net Development Area 2,047.33 City of Chestermere Offsite Levy Rates Update Anticipated Development During the 25-year Rate Planning Period Area Ref. # Area Developed in Next 25 years (Net ha.) 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 1.2 1.3 1.4 1.5 - - - - - 2.1 103.977 10.00 10.00 10.00 10.00 15.00 10.00 15.00 2.16 15.00 6.82 2.2 - - - - - - - - - - - 2.3 10.600 - - - - - - - - - - - - - - 5.00 - 5.60 - - - 2.4 - - - 2.5 - - - - - 3.1 17.690 1.57 6.50 4.70 4.92 3.2 1.480 1.48 - - - 3.3 - - 3.4 3.5 4.1 4.2 4.3 4.4 4.5 - - - - - - - - - 5.1 113.297 10.00 8.30 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.24 10.46 10.49 10.00 12.98 0.83 5.2 5.3 5.4 5.5 6.1 6.2 6.3 - - - 6.4 60.000 15.00 15.00 15.00 15.00 6.5 - - - - - 7.1 7.2 7.3 7.4 7.5 - - - 8.1 32.230 11.00 2.23 3.50 15.50 8.2 - - - 8.3 8.4 8.5 - - - - 9.1 45.000 9.00 4.50 4.50 5.00 4.00 - - 4.50 3.00 3.57 2.43 4.50 9.2 13.500 - - 4.50 - 4.50 4.50 - 9.3 - - 9.4 9.5 Page 1 19 City of Chestermere Offsite Levy Rates Update Page | 19 Anticipated Development During the 25-year Rate Planning Period Area Ref. # Area Developed in Next 25 years (Net ha.) 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 1.1 - - - - - - - - - - - - - - - - - - - - - - - - - - 1.2 - - - - - - - - - - - - - - - - - - - - - - - - - - 1.3 - - - - - - - - - - - - - - - - - - - - - - - - - - 1.4 - - - - - - - - - - - - - - - - - - - - - - - - - - 1.5 - - - - - - - - - - - - - - - - - - - - - - - - - - 2.1 103.977 - - - - - - - - - - 10.00 10.00 10.00 10.00 15.00 10.00 15.00 2.16 15.00 6.82 - - - - - 2.2 - - - - - - - - - - - - - - - - - - - - - - - - - - 2.3 10.600 - - - - - - - - - - - - - - 5.00 - 5.60 - - - - - - - - 2.4 - - - - - - - - - - - - - - - - - - - - - - - - - - 2.5 - - - - - - - - - - - - - - - - - - - - - - - - - - 3.1 17.690 1.57 6.50 4.70 4.92 - - - - - - - - - - - - - - - - - - - - - 3.2 1.480 1.48 - - - - - - - - - - - - - - - - - - - - - - - - 3.3 - - - - - - - - - - - - - - - - - - - - - - - - - - 3.4 - - - - - - - - - - - - - - - - - - - - - - - - - - 3.5 - - - - - - - - - - - - - - - - - - - - - - - - - - 4.1 - - - - - - - - - - - - - - - - - - - - - - - - - - 4.2 - - - - - - - - - - - - - - - - - - - - - - - - - - 4.3 - - - - - - - - - - - - - - - - - - - - - - - - - - 4.4 - - - - - - - - - - - - - - - - - - - - - - - - - - 4.5 - - - - - - - - - - - - - - - - - - - - - - - - - - 5.1 113.297 - - - - - - - 10.00 8.30 5.00 5.00 5.00 5.00 5.00 5.00 - 5.00 5.00 5.00 5.24 10.46 10.49 10.00 12.98 0.83 5.2 - - - - - - - - - - - - - - - - - - - - - - - - - - 5.3 - - - - - - - - - - - - - - - - - - - - - - - - - - 5.4 - - - - - - - - - - - - - - - - - - - - - - - - - - 5.5 - - - - - - - - - - - - - - - - - - - - - - - - - - 6.1 - - - - - - - - - - - - - - - - - - - - - - - - - - 6.2 - - - - - - - - - - - - - - - - - - - - - - - - - - 6.3 - - - - - - - - - - - - - - - - - - - - - - - - - - 6.4 60.000 - - - - - - 15.00 15.00 - 15.00 - - - 15.00 - - - - - - - - - - - 6.5 - - - - - - - - - - - - - - - - - - - - - - - - - - 7.1 - - - - - - - - - - - - - - - - - - - - - - - - - - 7.2 - - - - - - - - - - - - - - - - - - - - - - - - - - 7.3 - - - - - - - - - - - - - - - - - - - - - - - - - - 7.4 - - - - - - - - - - - - - - - - - - - - - - - - - - 7.5 - - - - - - - - - - - - - - - - - - - - - - - - - - 8.1 32.230 - - - - - - - - 11.00 2.23 - - - - - - - - - - - - - 3.50 15.50 8.2 - - - - - - - - - - - - - - - - - - - - - - - - - - 8.3 - - - - - - - - - - - - - - - - - - - - - - - - - - 8.4 - - - - - - - - - - - - - - - - - - - - - - - - - - 8.5 - - - - - - - - - - - - - - - - - - - - - - - - - - 9.1 45.000 - 9.00 4.50 4.50 - - - 5.00 4.00 - - - 4.50 - - 3.00 - 3.57 - 2.43 4.50 - - - - 9.2 13.500 - - - - - 4.50 - - - - 4.50 - - - 4.50 - - - - - - - - - - 9.3 - - - - - - - - - - - - - - - - - - - - - - - - - - 9.4 - - - - - - - - - - - - - - - - - - - - - - - - - - 9.5 - - - - - - - - - - - - - - - - - - - - - - - - - - City of Chestermere Offsite Levy Rates Update 10.1 45.000 5.00 10.00 10.00 10.00 10.00 10.2 25.000 5.00 5.00 5.00 5.00 5.00 10.3 24.400 3.50 3.00 4.00 8.00 5.90 10.4 10.5 11.1 11.2 11.3 11.4 11.5 12.1 12.2 12.3 12.4 12.5 13.1 9.570 4.50 0.57 4.50 13.2 13.3 13.4 13.5 14.1 14.2 14.3 14.4 14.5 15.1 15.2 15.3 15.4 15.5 16.1 69.500 7.50 7.50 5.00 7.50 4.50 13.00 1.36 8.14 5.00 5.00 5.00 16.2 16.3 16.4 16.5 17.1 47.950 11.46 6.09 6.09 5.00 11.61 7.70 17.2 17.3 7.000 4.76 2.24 17.4 17.5 18.1 18.2 18.3 18.4 18.5 19.1 19.2 19.3 5.000 5.00 19.4 19.5 Page 120 City of Chestermere Offsite Levy Rates Update Page | 20 10.1 45.000 5.00 10.00 10.00 10.00 10.00 - - - - - - - - - - - - - - - - - - - - 10.2 25.000 5.00 5.00 5.00 5.00 5.00 - - - - - - - - - - - - - - - - - - - - 10.3 24.400 3.50 3.00 4.00 8.00 5.90 - - - - - - - - - - - - - - - - - - - - 10.4 - - - - - - - - - - - - - - - - - - - - - - - - - - 10.5 - - - - - - - - - - - - - - - - - - - - - - - - - - 11.1 - - - - - - - - - - - - - - - - - - - - - - - - - - 11.2 - - - - - - - - - - - - - - - - - - - - - - - - - - 11.3 - - - - - - - - - - - - - - - - - - - - - - - - - - 11.4 - - - - - - - - - - - - - - - - - - - - - - - - - - 11.5 - - - - - - - - - - - - - - - - - - - - - - - - - - 12.1 - - - - - - - - - - - - - - - - - - - - - - - - - - 12.2 - - - - - - - - - - - - - - - - - - - - - - - - - - 12.3 - - - - - - - - - - - - - - - - - - - - - - - - - - 12.4 - - - - - - - - - - - - - - - - - - - - - - - - - - 12.5 - - - - - - - - - - - - - - - - - - - - - - - - - - 13.1 9.570 - - - - - - - - - - - - - - - - - - - 4.50 0.57 - 4.50 - - 13.2 - - - - - - - - - - - - - - - - - - - - - - - - - - 13.3 - - - - - - - - - - - - - - - - - - - - - - - - - - 13.4 - - - - - - - - - - - - - - - - - - - - - - - - - - 13.5 - - - - - - - - - - - - - - - - - - - - - - - - - - 14.1 - - - - - - - - - - - - - - - - - - - - - - - - - - 14.2 - - - - - - - - - - - - - - - - - - - - - - - - - - 14.3 - - - - - - - - - - - - - - - - - - - - - - - - - - 14.4 - - - - - - - - - - - - - - - - - - - - - - - - - - 14.5 - - - - - - - - - - - - - - - - - - - - - - - - - - 15.1 - - - - - - - - - - - - - - - - - - - - - - - - - - 15.2 - - - - - - - - - - - - - - - - - - - - - - - - - - 15.3 - - - - - - - - - - - - - - - - - - - - - - - - - - 15.4 - - - - - - - - - - - - - - - - - - - - - - - - - - 15.5 - - - - - - - - - - - - - - - - - - - - - - - - - - 16.1 69.500 7.50 - 7.50 5.00 7.50 4.50 13.00 1.36 - 8.14 - 5.00 5.00 - - 5.00 - - - - - - - - - 16.2 - - - - - - - - - - - - - - - - - - - - - - - - - - 16.3 - - - - - - - - - - - - - - - - - - - - - - - - - - 16.4 - - - - - - - - - - - - - - - - - - - - - - - - - - 16.5 - - - - - - - - - - - - - - - - - - - - - - - - - - 17.1 47.950 11.46 6.09 6.09 - 5.00 11.61 7.70 - - - - - - - - - - - - - - - - - - 17.2 - - - - - - - - - - - - - - - - - - - - - - - - - - 17.3 7.000 4.76 2.24 - - - - - - - - - - - - - - - - - - - - - - - 17.4 - - - - - - - - - - - - - - - - - - - - - - - - - - 17.5 - - - - - - - - - - - - - - - - - - - - - - - - - - 18.1 - - - - - - - - - - - - - - - - - - - - - - - - - - 18.2 - - - - - - - - - - - - - - - - - - - - - - - - - - 18.3 - - - - - - - - - - - - - - - - - - - - - - - - - - 18.4 - - - - - - - - - - - - - - - - - - - - - - - - - - 18.5 - - - - - - - - - - - - - - - - - - - - - - - - - - 19.1 - - - - - - - - - - - - - - - - - - - - - - - - - - 19.2 - - - - - - - - - - - - - - - - - - - - - - - - - - 19.3 5.000 - - - - - - - - 5.00 - - - - - - - - - - - - - - - - 19.4 - - - - - - - - - - - - - - - - - - - - - - - - - - 19.5 - - - - - - - - - - - - - - - - - - - - - - - - - - City of Chestermere Offsite Levy Rates Update 20.1 202 203 204 44000 21.85 2215 205 21.1 21.2 21.3 21.4 21.5 22.1 52700 250 200 450 450 450 900 900 900 300 470 222 223 224 225 72789 6212 41.83 41.79 3992 3340 4476 3570 3586 2830 3487 1950 2450 2450 3900 2950 2700 2560 1973 2000 1899 1853 1519 1450 1648 1633 Page 121 City of Chestermere Offsite Levy Rates Update Page | 21 20.1 - - - - - - - - - - - - - - - - - - - - - - - - - - 20.2 - - - - - - - - - - - - - - - - - - - - - - - - - - 20.3 - - - - - - - - - - - - - - - - - - - - - - - - - - 20.4 44.000 21.85 - - - - 22.15 - - - - - - - - - - - - - - - - - - - 20.5 - - - - - - - - - - - - - - - - - - - - - - - - - - 21.1 - - - - - - - - - - - - - - - - - - - - - - - - - - 21.2 - - - - - - - - - - - - - - - - - - - - - - - - - - 21.3 - - - - - - - - - - - - - - - - - - - - - - - - - - 21.4 - - - - - - - - - - - - - - - - - - - - - - - - - - 21.5 - - - - - - - - - - - - - - - - - - - - - - - - - - 22.1 52.700 - - - 2.50 - 2.00 - 4.50 - 4.50 - 4.50 - 9.00 - 9.00 - 9.00 - - 3.00 4.70 - - - 22.2 - - - - - - - - - - - - - - - - - - - - - - - - - - 22.3 - - - - - - - - - - - - - - - - - - - - - - - - - - 22.4 - - - - - - - - - - - - - - - - - - - - - - - - - - 22.5 - - - - - - - - - - - - - - - - - - - - - - - - - - 727.89 62.12 41.83 41.79 39.92 33.40 44.76 35.70 35.86 28.30 34.87 19.50 24.50 24.50 39.00 29.50 27.00 25.60 19.73 20.00 18.99 18.53 15.19 14.50 16.48 16.33 City of Chestermere Offsite Levy Rates Update Page 122 City of Chestermere Offsite Levy Rates Update Page | 22 City of Chestermere Offsite Levy Rates Update APPENDIX B: WATER OFFSITE INFRASTRUCTURE Bl. Water Offsite Infrastructure Costs To support future growth, water offsite infrastructure is required. The estimated cost of this infrastructure is based upon: (a) actual construction costs to the cut-off date, (b) debenture interest associated with financing, and (c) future cost estimates. Total cost is approximately $149.13 million as outlined in the table below. Actual costs, debenture interest (if any), and cost estimates were provided by City staff. It is important to note that these costs represent "gross" costs, of which only a portion will go to support future development during the 25- year review period. The remainder of this section outlines how the "net" costs for future development are determined. Summary of Water Offsite Infrastructure Item Project Description Cost of Completed Work & Historical Interest Future Debenture Interest Estimated Cost of Total Work Yet to be Completed Project Estimated Cost 1 East Calgary Regional Water Line - Tie-In and Oversizing $ 2,126,144 $ - $ - $ 2,126,144 2 Water Reservoir Expansion & ECRW Line Tie-In to Reservoir $ 16,176,483 $ 852,5894 $ - $ 17,029,071 3 NW Water Reservoir & Pump Station Phase 1 $ - $ - $ 18,759,000 $ 18,759,000 4 New Water Supply Main from Calgary i $ - $ - $ 4,525,400 $ 4,525,400 5 Main Pump Station Upgrade $ 1,920,258 $ - $ - $ 1,920,258 6 Distribution Trunk in Chestermere Blvd (North) $ - $ - $ 14,560,140 $ 14,560,140 7 Distribution trunk in Rainbow Road (West) Waterford Blvd to Chestermere Blvd $ - $ - $ 3,765,826 $ 3,765,826 8 Distribution trunk in Twp Rd. 240 (South) Phase 1 $ 1,737,594 $ - $ - $ 1,737,594 9 Distribution trunk in Range Rd. 281 $ - $ - $ 7,880,000 $ 7,880,000 10 Main Pump Station Upgrade Phase 2 $ - $ - $ 2,487,000 $ 2,487,000 11 Main Pump Station Upgrade Phase 3 $ - $ - $ 563,200 $ 563,200 12 Distribution trunk in Twp Rd. 240 (South) Phase 2 (from stub to RF $ - $ - $ 3,861,000 $ 3,861,000 13 NW ReseRoir Supply Main $ - $ - $ 4,667,000 $ 4,667,000 14 NW ReseRoir and Pump Station $ - $ - $ 18,687,900 $ 18,687,900 15 W7 SE Reservoir & Pump Station Phase 1 $ - $ - $ 20,634,900 $ 20,634,900 16 W8 SE Reservoir and Pump Station Phase 2 $ - $ - $ 18,687,900 $ 18,687,900 17 \N11 Distribution trunk in Twp Rd. 240 Phase 3 (from RR to Waterbury Road) $ - $ - $ 3,735,000 $ 3,735,000 18 W9 Part 2 - Distribution Trunk in Rainbow Road (West) Waterford Blvd to IWP 240 $ - $ - $ 3,500,000 $ 3,500,000 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ - $ - $ - $ - $ 21,960,478 $ 852,589 $ 126,314,266 $ 149,127,333 *Costs estimates are reflected in current dollars. **Estimates include engineering costs and contingencies. ***offsite levy project details, allocations, etc. were determined by City staff and their engineering/consulting advisors. ****Financing interest costs to date are included in the cost of work completed for Project #2. ***** Project numbering may be out of sequence as rows containing deleted projects are hidden. Page 123 City of Chestermere Offsite Levy Rates Update Page | 23 APPENDIX B: WATER OFFSITE INFRASTRUCTURE B1. Water Offsite Infrastructure Costs To support future growth, water offsite infrastructure is required. The estimated cost of this infrastructure is based upon: (a) actual construction costs to the cut-off date, (b) debenture interest associated with financing, and (c) future cost estimates. Total cost is approximately $149.13 million as outlined in the table below. Actual costs, debenture interest (if any), and cost estimates were provided by City staff. It is important to note that these costs represent "gross" costs, of which only a portion will go to support future development during the 25- year review period. The remainder of this section outlines how the "net" costs for future development are determined. Summary of Water Offsite Infrastructure *Costs estimates are reflected in current dollars. **Estimates include engineering costs and contingencies. ***Offsite levy project details, allocations, etc. were determined by City staff and their engineering/consulting advisors. ****Financing interest costs to date are included in the cost of work completed for Project #2. ***** Project numbering may be out of sequence as rows containing deleted projects are hidden. Item Project Description Cost of Completed Work & Historical Interest Future Debenture Interest Estimated Cost of Work Yet to be Completed Total Project Estimated Cost 1 East Calgary Regional Water Line - Tie-In and Oversizing $ 2,126,144 $ - - $ 2,126,144 $ 2 Water Reservoir Expansion & ECRW Line Tie-In to Reservoir $ 16,176,483 $ 852,589 - $ 17,029,071 $ 3 NW Water Reservoir & Pump Station Phase 1 $ - $ - 18,759,000 $ 18,759,000 $ 4 New Water Supply Main from Calgary $ - $ - 4,525,400 $ 4,525,400 $ 5 Main Pump Station Upgrade $ 1,920,258 $ - - $ 1,920,258 $ 6 Distribution Trunk in Chestermere Blvd (North) $ - $ - 14,560,140 $ 14,560,140 $ 7 Distribution trunk in Rainbow Road (West) Waterford Blvd to Chestermere Blvd $ - $ - 3,765,826 $ 3,765,826 $ 8 Distribution trunk in Twp Rd. 240 (South) Phase 1 $ 1,737,594 $ - - $ 1,737,594 $ 9 Distribution trunk in Range Rd. 281 $ - $ - 7,880,000 $ 7,880,000 $ 10 Main Pump Station Upgrade Phase 2 $ - $ - 2,487,000 $ 2,487,000 $ 11 Main Pump Station Upgrade Phase 3 $ - $ - 563,200 $ 563,200 $ 12 Distribution trunk in Twp Rd. 240 (South) Phase 2 (from stub to RR $ - $ - 3,861,000 $ 3,861,000 $ 13 NW Reservoir Supply Main $ - $ - 4,667,000 $ 4,667,000 $ 14 NW Reservoir and Pump Station $ - $ - 18,687,900 $ 18,687,900 $ 15 W7 SE Reservoir & Pump Station Phase 1 $ - $ - 20,634,900 $ 20,634,900 $ 16 W8 SE Reservoir and Pump Station Phase 2 $ - $ - 18,687,900 $ 18,687,900 $ 17 W11 Distribution trunk in Twp Rd. 240 Phase 3 (from RR to Waterbury Road) $ - $ - 3,735,000 $ 3,735,000 $ 18 W9 Part 2 - Distribution Trunk in Rainbow Road (West) Waterford Blvd to TWP 240 $ - $ - 3,500,000 $ 3,500,000 $ 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ - $ - - $ - $ 21,960,478 $ 852,589 $ 126,314,266 $ 149,127,333 $ City of Chestermere Offsite Levy Rates Update B2. Water Offsite Infrastructure Grants & Contributions to Date The MGA enables the City to allocate the costs of offsite infrastructure to future development, other than those costs that have been provided by way of special grant or contribution (i.e., contributed infrastructure). The City has/will receive approximately $3.50 million in special grants and contributions for water offsite levy infrastructure as shown in the table below (note, if the City receives other grants or contributions in the future, it will be reflected in one of the annual updates and rates adjusted accordingly). The result is that the total reduced project estimated cost is $145.63 million. Item Project Description Total Project Estimated Cost Special Provincial Grants Developer Agreement Contributions Other Contributions Reduced Project Estimated Cost 1 East Calgary Regional Water Line - Tie-In and Oversizing $ 2,126,144 $ $ $ $ 2,126,144 2 Water Reservoir Expansion & ECRW Line Tie-In to Reservoir $ 17,029,071 $ 1,850,941 $ $ $ 15,178,130 3 NW Water Reservoir & Pump Station Phase 1 $ 18,759,000 $ $ $ $ 18,759,000 4 New Water Supply Main from Calgary $ 4,525,400 $ $ $ $ 4,525,400 5 Main Pump Station Upgrade $ 1,920,258 $ $ $ $ 1,920,258 6 Distribution Trunk in Chestermere Blvd (North) $ 14,560,140 $ $ $ $ 14,560,140 7 Distribution trunk in Rainbow Road (West) Waterford Blvd to Chestermere Blvd $ 3,765,826 $ $ $ $ 3,765,826 8 Distribution trunk in Twp Rd. 240 (South) Phase 1 $ 1,737,594 $ 1,648,596 $ $ $ 88,998 9 Distribution trunk in Range Rd. 281 $ 7,880,000 $ $ $ $ 7,880,000 10 Main Pump Station Upgrade Phase 2 $ 2,487,000 $ $ $ $ 2,487,000 11 Main Pump Station Upgrade Phase 3 $ 563,200 $ $ $ $ 563,200 12 Distribution trunk in Twp Rd. 240 (South) Phase 2 (from stub to RF $ 3,861,000 $ $ $ $ 3,861,000 13 NW Reservoir Supply Main $ 4,667,000 $ $ $ $ 4,667,000 14 NW Reservoir and Pump Station $ 18,687,900 $ $ $ $ 18,687,900 15 W7 SE Reservoir & Pump Station Phase 1 $ 20,634,900 $ $ $ $ 20,634,900 16 W8 SE Reservoir and Pump Station Phase 2 $ 18,687,900 $ $ $ $ 18,687,900 17 W11 Distribution trunk in Twp Rd. 240 Phase 3 (from RR to Waterbury Roach $ 3,735,000 $ $ $ $ 3,735,000 18 W9 Part 2 - Distribution Trunk in Rainbow Road (West) Waterford Blvd to TWP 240 $ 3,500,000 $ $ $ $ 3,500,000 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ $ $ $ $ $ 149,127,333 $ 3,499,537 $ $ $ 145,627,797 Special Grants and Contributions for Water Offsite Infrastructure B3. Water Infrastructure Staging The timing of construction is used to determine the impact of inflation on cost, the impact of forecast reserve balances, and the estimate of financial oversizing (described in the Section that follows). The City anticipates construction of offsite infrastructure as outlined in the table below. Note, if this schedule is adjusted in the future, it will be reflected in one of the annual rate/bylaw updates. Page 124 City of Chestermere Offsite Levy Rates Update Page | 24 B2. Water Offsite Infrastructure Grants & Contributions to Date The MGA enables the City to allocate the costs of offsite infrastructure to future development, other than those costs that have been provided by way of special grant or contribution (i.e., contributed infrastructure). The City has/will receive approximately $3.50 million in special grants and contributions for water offsite levy infrastructure as shown in the table below (note, if the City receives other grants or contributions in the future, it will be reflected in one of the annual updates and rates adjusted accordingly). The result is that the total reduced project estimated cost is $145.63 million. Special Grants and Contributions for Water Offsite Infrastructure B3. Water Infrastructure Staging The timing of construction is used to determine the impact of inflation on cost, the impact of forecast reserve balances, and the estimate of financial oversizing (described in the Section that follows). The City anticipates construction of offsite infrastructure as outlined in the table below. Note, if this schedule is adjusted in the future, it will be reflected in one of the annual rate/bylaw updates. Item Project Description Total Project Estimated Cost Special Provincial Grants Developer Agreement Contributions Other Contributions Reduced Project Estimated Cost 1 East Calgary Regional Water Line - Tie-In and Oversizing 2,126,144 $ $ - $ - $ - 2,126,144 $ 2 Water Reservoir Expansion & ECRW Line Tie-In to Reservoir 17,029,071 $ $ 1,850,941 $ - $ - 15,178,130 $ 3 NW Water Reservoir & Pump Station Phase 1 18,759,000 $ $ - $ - $ - 18,759,000 $ 4 New Water Supply Main from Calgary 4,525,400 $ $ - $ - $ - 4,525,400 $ 5 Main Pump Station Upgrade 1,920,258 $ $ - $ - $ - 1,920,258 $ 6 Distribution Trunk in Chestermere Blvd (North) 14,560,140 $ $ - $ - $ - 14,560,140 $ 7 Distribution trunk in Rainbow Road (West) Waterford Blvd to Chestermere Blvd 3,765,826 $ $ - $ - $ - 3,765,826 $ 8 Distribution trunk in Twp Rd. 240 (South) Phase 1 1,737,594 $ $ 1,648,596 $ - $ - 88,998 $ 9 Distribution trunk in Range Rd. 281 7,880,000 $ $ - $ - $ - 7,880,000 $ 10 Main Pump Station Upgrade Phase 2 2,487,000 $ $ - $ - $ - 2,487,000 $ 11 Main Pump Station Upgrade Phase 3 563,200 $ $ - $ - $ - 563,200 $ 12 Distribution trunk in Twp Rd. 240 (South) Phase 2 (from stub to RR 3,861,000 $ $ - $ - $ - 3,861,000 $ 13 NW Reservoir Supply Main 4,667,000 $ $ - $ - $ - 4,667,000 $ 14 NW Reservoir and Pump Station 18,687,900 $ $ - $ - $ - 18,687,900 $ 15 W7 SE Reservoir & Pump Station Phase 1 20,634,900 $ $ - $ - $ - 20,634,900 $ 16 W8 SE Reservoir and Pump Station Phase 2 18,687,900 $ $ - $ - $ - 18,687,900 $ 17 W11 Distribution trunk in Twp Rd. 240 Phase 3 (from RR to Waterbury Road) 3,735,000 $ $ - $ - $ - 3,735,000 $ 18 W9 Part 2 - Distribution Trunk in Rainbow Road (West) Waterford Blvd to TWP 240 3,500,000 $ $ - $ - $ - 3,500,000 $ 100 Unallocated Offsite Levies Collected to Dec 31, 2016 - $ $ - $ - $ - - $ 149,127,333 $ 3,499,537 $ - $ - $ 145,627,797 $ City of Chestermere Offsite Levy Rates Update Water Infrastructure Staging Item Project Description Construction Start Year 1 East Calgary Regional Water Line - Tie-In and Oversizing 2009 2 Water Reservoir Expansion & ECRW Line Tie-In to Reservoir 2009 3 NW Water Reservoir & Pump Station Phase 1 2036 4 New Water Supply Main from Calgary 2044 5 Main Pump Station Upgrade 2024 6 Distribution Trunk in Chestermere Blvd (North) 2025 7 Distribution trunk in Rainbow Road (VVest) Waterford Blvd to Chestermere Blvd 2023 8 Distribution trunk in Twp Rd. 240 (South) Phase 1 2018 9 Distribution trunk in Range Rd. 281 2036 10 Main Pump Station Upgrade Phase 2 2030 11 Main Pump Station Upgrade Phase 3 2083 12 Distribution trunk in Twp Rd. 240 (South) Phase 2 (from stub to RF 2045 13 NW Reservoir Supply Main 2036 14 NW Reservoir and Pump Station 2081 15 W7 SE Reservoir & Pump Station Phase 1 2058 16 W8 SE Reservoir and Pump Station Phase 2 2099 17 W11 Distribution trunk in Twp Rd. 240 Phase 3 (from RR to Waterbury Road) 2032 18 W9 Part 2 - Distribution Trunk in Rainbow Road (VVest) Waterford Blvd to TWP 240 2027 *The share of projects beyond the 25-year review period are not included in rates today (see financial oversizing in next section). **Costs are inflated to the year of construction using an inflation rate of 2.9% for the next year, and 2.9% thereafter. B4. Water Offsite Infrastructure Benefiting Parties The water offsite infrastructure previously outlined will benefit various parties to varying degrees as determined by City staff and engineering advisors. The potential benefiting parties include: - City of Chestermere - that portion of cost which is required to service existing residents. - Other Stakeholders - other parties (such as neighboring municipalities) that benefit from the infrastructure. - City of Chestermere Future Development (Financial Oversizing) - that portion of cost which benefits future development beyond the 25-year review period. - City of Chestermere Future Development (in Rates) - all growth-related infrastructure (i.e., leviable water infrastructure costs) during the 25-year rate planning period. Page 125 City of Chestermere Offsite Levy Rates Update Page | 25 Water Infrastructure Staging *The share of projects beyond the 25-year review period are not included in rates today (see financial oversizing in next section). **Costs are inflated to the year of construction using an inflation rate of 2.9% for the next year, and 2.9% thereafter. B4. Water Offsite Infrastructure Benefiting Parties The water offsite infrastructure previously outlined will benefit various parties to varying degrees as determined by City staff and engineering advisors. The potential benefiting parties include:  City of Chestermere - that portion of cost which is required to service existing residents.  Other Stakeholders - other parties (such as neighboring municipalities) that benefit from the infrastructure.  City of Chestermere Future Development (Financial Oversizing) - that portion of cost which benefits future development beyond the 25-year review period.  City of Chestermere Future Development (in Rates) - all growth-related infrastructure (i.e., leviable water infrastructure costs) during the 25-year rate planning period. Item Project Description Construction Start Year 1 East Calgary Regional Water Line - Tie-In and Oversizing 2009 2 Water Reservoir Expansion & ECRW Line Tie-In to Reservoir 2009 3 NW Water Reservoir & Pump Station Phase 1 2036 4 New Water Supply Main from Calgary 2044 5 Main Pump Station Upgrade 2024 6 Distribution Trunk in Chestermere Blvd (North) 2025 7 Distribution trunk in Rainbow Road (West) Waterford Blvd to Chestermere Blvd 2023 8 Distribution trunk in Twp Rd. 240 (South) Phase 1 2018 9 Distribution trunk in Range Rd. 281 2036 10 Main Pump Station Upgrade Phase 2 2030 11 Main Pump Station Upgrade Phase 3 2083 12 Distribution trunk in Twp Rd. 240 (South) Phase 2 (from stub to RR 2045 13 NW Reservoir Supply Main 2036 14 NW Reservoir and Pump Station 2081 15 W7 SE Reservoir & Pump Station Phase 1 2058 16 W8 SE Reservoir and Pump Station Phase 2 2099 17 W11 Distribution trunk in Twp Rd. 240 Phase 3 (from RR to Waterbury Road) 2032 18 W9 Part 2 - Distribution Trunk in Rainbow Road (West) Waterford Blvd to TWP 240 2027 City of Chestermere Offsite Levy Rates Update The table below outlines the allocation of water offsite levy infrastructure costs to benefiting parties. Allocation of Water Infrastructure to Benefiting Parties Item Project Description Reduced Project Estimated Cost Muni Share % Other Stakeholder Share Developer Share'. Beyond 25 Yrs (Financial Oversizing ) OSL / Developer Share % 1 East Calgary Regional Water Line - Tie-In and Oversizing $ 2,126,144 0.0% 100.0% 2 Water Reservoir Expansion & ECRW Line Tie-In to Reservoir $ 15,178,130 0.0% 100.0% 3 NW Water Reservoir & Pump Station Phase 1 $ 18,759,000 40.0% 60.0% 4 New Water Supply Main from Calgary ' $ 4,525,400 72.0% 28.0% 5 Main Pump Station Upgrade $ 1,920,258 0.0% 100.0% 6 Distribution Trunk in Chestermere Blvd (North) $ 14,560,140 0.0% 100.0% 7 Distribution trunk in Rainbow Road (West) Waterford Blvd to Chestermere Blvd $ 3,765,826 0.0% 100.0% 8 Distribution trunk in Twp Rd. 240 (South) Phase 1 $ 88,998 0.0% 100.0% 9 Distribution trunk in Range Rd. 281 $ 7,880,000 40.0% 60.0% 10 Main Pump Station Upgrade Phase 2 $ 2,487,000 16.0% 84.0% 11 Main Pump Station Upgrade Phase 3 $ 563,200 100.0% 0.0% 12 Distribution trunk in Twp Rd. 240 (South) Phase 2 (from stub to RF $ 3,861,000 76.0% 24.0% 13 NW Reservoir Supply Main $ 4,667,000 40.0% 60.0% 14 NW Reservoir and Pump Station $ 18,687,900 100.0% 0.0% 15 W7 SE Reservoir & Pump Station Phase 1 $ 20,634,900 100.0% 0.0% 16 W8 SE Reservoir and Pump Station Phase 2 $ 18,687,900 100.0% 0.0% 17 W11 Distribution trunk in Twp Rd. 240 Phase 3 (from RR to Waterbury Road) $ 3,735,000 24.0% 76.0% 18 W9 Part 2 - Distribution Trunk in Rainbow Road (West) Waterford Blvd to TWP 240 $ 3,500,000 4.0% 96.0% 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ 0.0% 100.0% $ 145,627,797 *Allocations to future development (vs municipal share etc.) were determined by City staff and their engineering/consulting advisors. **Financial oversizing is determined by separating out the pro rata portion of developer cost beyond the 25-year review period, in comparison with the anticipated year of construction. As the years move forward and rates are updated, these additional developer costs will be included in rate calculations. For example, a project which is slated to be constructed in year 20 of the 25-year review period will have 20% (5/25) of its costs in rates today, and 80% (20/25) of its costs will sit beyond the 25-year review period. B5. Existing Receipts & Adjusted Levy Cost Using the offsite levy share percentages shown in the previous section and applying those percentages to project costs results in an offsite levy cost of approximately $66.09 million. However, prior to allocating these costs to benefiting areas, existing offsite levy receipts collected from developers need to be considered in determining the residual/net costs to developers. The City has collected $19.29 million ($7.97 million + $11.32 million) in offsite levies to date and results in an adjusted offsite levy cost of approximately $47.61 million. Page 126 City of Chestermere Offsite Levy Rates Update Page | 26 The table below outlines the allocation of water offsite levy infrastructure costs to benefiting parties. Allocation of Water Infrastructure to Benefiting Parties *Allocations to future development (vs municipal share etc.) were determined by City staff and their engineering/consulting advisors. **Financial oversizing is determined by separating out the pro rata portion of developer cost beyond the 25-year review period, in comparison with the anticipated year of construction. As the years move forward and rates are updated, these additional developer costs will be included in rate calculations. For example, a project which is slated to be constructed in year 20 of the 25-year review period will have 20% (5/25) of its costs in rates today, and 80% (20/25) of its costs will sit beyond the 25-year review period. B5. Existing Receipts & Adjusted Levy Cost Using the offsite levy share percentages shown in the previous section and applying those percentages to project costs results in an offsite levy cost of approximately $66.09 million. However, prior to allocating these costs to benefiting areas, existing offsite levy receipts collected from developers need to be considered in determining the residual/net costs to developers. The City has collected $19.29 million ($7.97 million + $11.32 million) in offsite levies to date and results in an adjusted offsite levy cost of approximately $47.61 million. Item Project Description Reduced Project Estimated Cost Muni Share % Other Stakeholder Share Developer Share Beyond 25 Yrs (Financial Oversizing %) OSL / Developer Share % 1 East Calgary Regional Water Line - Tie-In and Oversizing 2,126,144 $ 0.0% 100.0% 2 Water Reservoir Expansion & ECRW Line Tie-In to Reservoir 15,178,130 $ 0.0% 100.0% 3 NW Water Reservoir & Pump Station Phase 1 18,759,000 $ 40.0% 60.0% 4 New Water Supply Main from Calgary 4,525,400 $ 72.0% 28.0% 5 Main Pump Station Upgrade 1,920,258 $ 0.0% 100.0% 6 Distribution Trunk in Chestermere Blvd (North) 14,560,140 $ 0.0% 100.0% 7 Distribution trunk in Rainbow Road (West) Waterford Blvd to Chestermere Blvd 3,765,826 $ 0.0% 100.0% 8 Distribution trunk in Twp Rd. 240 (South) Phase 1 88,998 $ 0.0% 100.0% 9 Distribution trunk in Range Rd. 281 7,880,000 $ 40.0% 60.0% 10 Main Pump Station Upgrade Phase 2 2,487,000 $ 16.0% 84.0% 11 Main Pump Station Upgrade Phase 3 563,200 $ 100.0% 0.0% 12 Distribution trunk in Twp Rd. 240 (South) Phase 2 (from stub to RR 3,861,000 $ 76.0% 24.0% 13 NW Reservoir Supply Main 4,667,000 $ 40.0% 60.0% 14 NW Reservoir and Pump Station 18,687,900 $ 100.0% 0.0% 15 W7 SE Reservoir & Pump Station Phase 1 20,634,900 $ 100.0% 0.0% 16 W8 SE Reservoir and Pump Station Phase 2 18,687,900 $ 100.0% 0.0% 17 W11 Distribution trunk in Twp Rd. 240 Phase 3 (from RR to Waterbury Road) 3,735,000 $ 24.0% 76.0% 18 W9 Part 2 - Distribution Trunk in Rainbow Road (West) Waterford Blvd to TWP 240 3,500,000 $ 4.0% 96.0% 100 Unallocated Offsite Levies Collected to Dec 31, 2016 - $ 0.0% 100.0% 145,627,797 $ City of Chestermere Offsite Levy Rates Update Offsite Levy Funds Collected to Date & Adjusted Levy Cost Item Project Description OSL / Developer Cost Offsite Levy Funds Collected to Dec 31, 2016 Offsite Levy Funds Collected Starting Jan 1, 2017 Adjusted Developer (Levy) Cost 1 East Calgary Regional Water Line - Tie-In and Oversizing $ 2,126,144 $ - $ 546,840 $ 1,579,304 2 Water Reservoir Expansion & ECRW Line Tie-In to Reservair $ 15,178,130 $ 6,440,6761 $ 2,247,257 $ 6,490,197 3 NW Water Reservoir & Pump Station Phase 1 $ 11,255,400 $ - $ 1,782,143 $ 9,473,257 4 New Water Supply Main from Calgary 1 $ 1,267,112 $ - $ 321,518 $ 945,594 5 Main Pump Station Upgrade $ 1,920,258 $ - $ 682,160 $ 1,238,098 6 Distribution Trunk in Chestermere Blvd (North) $ 14,560,140 $ - $ 2,875,112 $ 11,685,029 7 Distribution trunk in Rainbow Road (V Vest) Waterford Blvd to Chestermere Blvd $ 3,765,826 $ - $ 1,522,964 $ 2,242,862 8 Distribution trunk in Twp Rd. 240 (South) Phase 1 $ 88,998 $ - $ 78,055 $ 10,943 9 Distribution trunk in Range Rd. 281 $ 4,728,000 $ - $ 257,612 $ 4,470,388 10 Main Pump Station Upgrade Phase 2 $ 2,089,080 $ - $ 347,975 $ 1,741,105 11 Main Pump Station Upgrade Phase 3 $ - $ - $ 32,728 $ (32,728) 12 Distribution trunk in Twp Rd. 240 (South) Phase 2 (from stub to RF $ 926,640 $ - $ 59,937 $ 866,703 13 NW Reservoir Supply Main $ 2,800,200 $ - $ 410,633 $ 2,389,567 14 NW Reservoir and Pump Station $ - $ - $ - $ - 15 W7 SE Reservair & Pump Station Phase 1 $ - $ - $ - $ - 16 W8 SE Reservair and Pump Station Phase 2 $ - $ - $ - $ - 17 W11 Distribution trunk in Twp Rd. 240 Phase 3 (from RR to Waterbury Road) $ 2,838,600 $ - $ 70,810 $ 2,767,790 18 W9 Part 2 - Distribution Trunk in Rainbow Road (V Vest) Waterford Blvd to TWP 240 $ 3,360,000 $ - $ 86,761 $ 3,273,239 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ - $ 1,531,052 $ - $ (1,531,052) $ 66,904,529 $ 7,971,727 $ 11,322,505 $ 47,610,296 B6. Summary of Water Offsite Levy Cost Flow-through As shown in the figure below, the total cost for water infrastructure that forms the basis of the rate is approximately $47.6 million. The cost allocations to each benefitting party are based on the benefitting percentages shown in Section B4. The offsite levy balance (due from developers) is allocated to various benefitting areas (as described in the next section). Total Water Offsite Levy Costs = Future Development (OSL Share) $66.90M Less: Levy Receipts $19.29M = Off-site Balance* $47.61M = Future Development "Financial Oversizing" $78.72M = Other Share $0.00M Project Costs $149.13M Less: Special Grants & Contributions = Project Balance $145.63M $3.50M = Existing Development (City Share) $0.00M Page 127 City of Chestermere Offsite Levy Rates Update Page | 27 Offsite Levy Funds Collected to Date & Adjusted Levy Cost B6. Summary of Water Offsite Levy Cost Flow-through As shown in the figure below, the total cost for water infrastructure that forms the basis of the rate is approximately $47.6 million. The cost allocations to each benefitting party are based on the benefitting percentages shown in Section B4. The offsite levy balance (due from developers) is allocated to various benefitting areas (as described in the next section). Total Water Offsite Levy Costs Project Costs $149.13M = Future Development (OSL Share) = Existing Development (City Share) Less: Levy Receipts $19.29M = Off-site Balance* $47.61M Less: Special Grants & Contributions $3.50M Item Project Description OSL / Developer Cost Offsite Levy Funds Collected to Dec 31, 2016 Offsite Levy Funds Collected Starting Jan 1, 2017 Adjusted Developer (Levy) Cost 1 East Calgary Regional Water Line - Tie-In and Oversizing 2,126,144 $ $ - 546,840 $ 1,579,304 $ 2 Water Reservoir Expansion & ECRW Line Tie-In to Reservoir 15,178,130 $ $ 6,440,676 2,247,257 $ 6,490,197 $ 3 NW Water Reservoir & Pump Station Phase 1 11,255,400 $ $ - 1,782,143 $ 9,473,257 $ 4 New Water Supply Main from Calgary 1,267,112 $ $ - 321,518 $ 945,594 $ 5 Main Pump Station Upgrade 1,920,258 $ $ - 682,160 $ 1,238,098 $ 6 Distribution Trunk in Chestermere Blvd (North) 14,560,140 $ $ - 2,875,112 $ 11,685,029 $ 7 Distribution trunk in Rainbow Road (West) Waterford Blvd to Chestermere Blvd 3,765,826 $ $ - 1,522,964 $ 2,242,862 $ 8 Distribution trunk in Twp Rd. 240 (South) Phase 1 88,998 $ $ - 78,055 $ 10,943 $ 9 Distribution trunk in Range Rd. 281 4,728,000 $ $ - 257,612 $ 4,470,388 $ 10 Main Pump Station Upgrade Phase 2 2,089,080 $ $ - 347,975 $ 1,741,105 $ 11 Main Pump Station Upgrade Phase 3 - $ $ - 32,728 $ (32,728) $ 12 Distribution trunk in Twp Rd. 240 (South) Phase 2 (from stub to RR 926,640 $ $ - 59,937 $ 866,703 $ 13 NW Reservoir Supply Main 2,800,200 $ $ - 410,633 $ 2,389,567 $ 14 NW Reservoir and Pump Station - $ $ - - $ - $ 15 W7 SE Reservoir & Pump Station Phase 1 - $ $ - - $ - $ 16 W8 SE Reservoir and Pump Station Phase 2 - $ $ - - $ - $ 17 W11 Distribution trunk in Twp Rd. 240 Phase 3 (from RR to Waterbury Road) 2,838,600 $ $ - 70,810 $ 2,767,790 $ 18 W9 Part 2 - Distribution Trunk in Rainbow Road (West) Waterford Blvd to TWP 240 3,360,000 $ $ - 86,761 $ 3,273,239 $ 100 Unallocated Offsite Levies Collected to Dec 31, 2016 - $ $ 1,531,052 - $ (1,531,052) $ 66,904,529 $ 7,971,727 $ 11,322,505 $ 47,610,296 $ City of Chestermere Offsite Levy Rates Update B7. Water Infrastructure Benefiting Areas Net developer costs for each project have been allocated to multiple benefiting offsite levy area (see tables below). Allocations are denoted with a "1" below applicable area numbers. Benefiting areas were determined by City staff and their engineering advisors. The lands anticipated to develop over the 25-years in each offsite levy benefitting area are used to determine rates. Benefiting Areas for Water Offsite Infrastructure ect Description 1 . velop De er Cost 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 1 East Calgary Regional Water Line - Tie-In and Oversizing $ 1,579,304 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 Water Reservoir Expansion & ECRW Line Tie-In to Reservoir $ 6,490,197 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 3 NW Water Reservoir & Pump Station Phase 1 $ 9,473,257 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 4 New Water Supply Main from Calgary $ 945,594 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 5 Main Pump Station Upgrade $ 1,238,098 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 6 Distribution Trunk in Chestermere Blvd (North) $ 11,685,029 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 7 Distribution trunk in Rainbow Road (West) Waterford Blvd to Chests $ 2,242,862 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 8 Distribution trunk in Twp Rd. 240 (South) Phase 1 $ 10,943 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 9 Distribution trunk in Range Rd. 281 $ 4,470,388 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 10 Main Pump Station Upgrade Phase 2 $ 1,741,105 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 11 Main Pump Station Upgrade Phase 3 $ (32,728) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 12 Distribution trunk in Twp Rd. 240 (South) Phase 2 (from stub to RR $ 866,703 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 13 NW Reservoir Supply Main $ 2,389,567 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 14 NW Reservoir and Pump Station $ 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 15 W7 SE Reservoir & Pump Station Phase 1 $ 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 16 W8 SE Reservoir and Pump Station Phase 2 $ 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 17 W11 Distribution trunk in Twp Rd. 240 Phase 3 (from RR to Watert $ 2,767,790 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 18 W9 Part 2- Distribution Trunk in Rainbow Road (West) Waterford E$ 3,273,239 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ (1,531,052) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 $ 47,610,296 B8. Reserve Balance The balance of the City's water reserve at December 31st, 2025 is -$0.87 M. This updated balance takes into consideration expenditures up to the end of 2025 and assumes that front-ending debts will be drawn down via a withdrawal of all available cash in the account. Water Offsite Levy Reserve Balance Description Dr Cr Balance Offsite Lew Expenditures to December 31, 2016 $ 14,803,503.78 $ (14,803,503.78) Offsite Lew Receipt Allocations to December 31, 2016 $ 6,440,675.57 $ (8,362,828.21) Debenture Interest Expenditure to December 31, 2016 $ - $ (8,362,828.21) Unallocated Receipts to December 31, 2016 $ 1,531,051.62 $ (6,831,776.59) Opening Balance 2017 $ (6,831,776.59) Interest on Opening Balance $ 204,953.301 $ (7,036,729.89) Project Expenditures (OSL Share) As Reflected by City $ 210:820.891 $ (7,247,550.78) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ 5,741.00 $ (7,253,291.78) Offsite Lew Receipts $ 203,415.22 $ (7,049,876.56) Offsite Lew Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ (7,049,876.56) Debenture Interest Expenditure $ - 1 $ (7,049,876.56) Interest on Project Expenditure $ 1,624.211 $ (7,051,500.77) Interest on Offsite Lew Receipts $ 1,017.081 $ (7,050,483.70) Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - 1 $ (7,050,483.70) Interest on Debenture Expenditure $ - 1 $ (7,050,483.70) $ (6,831,776.59) Page 128 City of Chestermere Offsite Levy Rates Update Page | 28 B7. Water Infrastructure Benefiting Areas Net developer costs for each project have been allocated to multiple benefiting offsite levy area (see tables below). Allocations are denoted with a "1" below applicable area numbers. Benefiting areas were determined by City staff and their engineering advisors. The lands anticipated to develop over the 25-years in each offsite levy benefitting area are used to determine rates. Benefiting Areas for Water Offsite Infrastructure B8. Reserve Balance The balance of the City's water reserve at December 31st, 2025 is -$0.87 M. This updated balance takes into consideration expenditures up to the end of 2025 and assumes that front-ending debts will be drawn down via a withdrawal of all available cash in the account. Water Offsite Levy Reserve Balance Item Project Description Developer Cost 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 1 East Calgary Regional Water Line - Tie-In and Oversizing $ 1,579,304 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 Water Reservoir Expansion & ECRW Line Tie-In to Reservoir $ 6,490,197 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 3 NW Water Reservoir & Pump Station Phase 1 $ 9,473,257 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 4 New Water Supply Main from Calgary $ 945,594 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 5 Main Pump Station Upgrade $ 1,238,098 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 6 Distribution Trunk in Chestermere Blvd (North) $ 11,685,029 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 7 Distribution trunk in Rainbow Road (West) Waterford Blvd to Cheste $ 2,242,862 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 8 Distribution trunk in Twp Rd. 240 (South) Phase 1 $ 10,943 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 9 Distribution trunk in Range Rd. 281 $ 4,470,388 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 10 Main Pump Station Upgrade Phase 2 $ 1,741,105 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 11 Main Pump Station Upgrade Phase 3 $ (32,728) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 12 Distribution trunk in Twp Rd. 240 (South) Phase 2 (from stub to RR $ 866,703 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 13 NW Reservoir Supply Main $ 2,389,567 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 14 NW Reservoir and Pump Station $ - 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 15 W7 SE Reservoir & Pump Station Phase 1 $ - 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 16 W8 SE Reservoir and Pump Station Phase 2 $ - 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 17 W11 Distribution trunk in Twp Rd. 240 Phase 3 (from RR to Waterb $ 2,767,790 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 18 W9 Part 2 - Distribution Trunk in Rainbow Road (West) Waterford B $ 3,273,239 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ (1,531,052) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 47,610,296 $ Description Dr Cr Balance Offsite Levy Expenditures to December 31, 2016 14,803,503.78 $ (14,803,503.78) $ Offsite Levy Receipt Allocations to December 31, 2016 6,440,675.57 $ (8,362,828.21) $ Debenture Interest Expenditure to December 31, 2016 - $ (8,362,828.21) $ Unallocated Receipts to December 31, 2016 1,531,051.62 $ (6,831,776.59) $ Opening Balance (6,831,776.59) $ 2017 (6,831,776.59) $ Interest on Opening Balance 204,953.30 $ (7,036,729.89) $ Project Expenditures (OSL Share) As Reflected by City 210,820.89 $ (7,247,550.78) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City 5,741.00 $ (7,253,291.78) $ Offsite Levy Receipts 203,415.22 $ (7,049,876.56) $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (7,049,876.56) $ Debenture Interest Expenditure - $ (7,049,876.56) $ Interest on Project Expenditure 1,624.21 $ (7,051,500.77) $ Interest on Offsite Levy Receipts 1,017.08 $ (7,050,483.70) $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (7,050,483.70) $ Interest on Debenture Expenditure - $ (7,050,483.70) $ City of Chestermere Offsite Levy Rates Update 2018 $ (7,050,483.70) Interest on Opening Balance $ 218,564.991 $ (7,269,048.69) Project Expenditures (OSL Share) As Reflected by City I $ 219,168.971 $ (7,488,217.66) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ (5,741.01) $ (7,482,476.65) Offsite Levy Receipts $ 432,178.89 $ (7,050,297.76) Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) 1 $ - $ (7,050,297.76) Debenture Interest Expenditure $ - $ (7,050,297.76) Interest on Project Expenditure $ 1,654.07 $ (7,051,951.83) Interest on Offsite Levy Receipts $ 4,321.791 $ (7,047,630.04) Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - 1 $ (7,047,630.04) Interest on Debenture Expenditure $ - 1 $ (7,047,630.04) 2019 $ (7,047,630.04) Interest on Opening Balance $ 218,476.531 $ (7,266,106.57) Project Expenditures (OSL Share) As Reflected by City $ 201,952.991 $ (7,468,059.56) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ (0.99) $ (7,468,058.57) Offsite Levy Receipts $ 299,903.32 $ (7,168,155.25) Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) 1 $ - $ (7,168,155.25) Debenture Interest Expenditure $ - $ (7,168,155.25) Interest on Project Expenditure $ 1,565.13 $ (7,169,720.38) Interest on Offsite Levy Receipts $ 2,999.031 $ (7,166,721.34) Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - 1 $ (7,166,721.34) Interest on Debenture Expenditure $ - 1 $ (7,166,721.34) 2020 $ (7,166,721.34) Interest on Opening Balance $ 222,168.361 $ (7,388,889.71) Project Expenditures (OSL Share) As Reflected by City " $ 276,243.431 $ (7,665,133.14) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ (1,943.43) $ (7,663,189.71) Offsite Levy Receipts $ 155,887.63 $ (7,507,302.08) Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) 1 $ - $ (7,507,302.08) Interest on Project Expenditure $ 2,125.83 $ (7,509,427.90) Interest on Offsite Levy Receipts $ 1,558.88 $ (7,507,869.02) Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ (7,507,869.02) 2021 $ (7,507,869.02) Interest on Opening Balance $ 195,204.591 $ (7,703,073.62) Project Expenditures (OSL Share) As Reflected by City ,' $ 191,409.161 $ (7,894,482.78) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ (0.16) $ (7,894,482.62) Offsite Levy Receipts $ 478,703.93 $ (7,415,778.69) 1 Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ (7,415,778.69) Interest on Project Expenditure $ 1,244.16 $ (7,417,022.85) Interest on Offsite Levy Receipts $ 2,393.521 $ (7,414,629.33) Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ (7,414,629.33) 2022 $ (7,414,629.33) Interest on Opening Balance $ 387,377.19 $ (7,802,006.52) Project Expenditures (OSL Share) As Reflected by City I $ 169,871.00 $ (7,971,877.52) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ - $ (7,971,877.52) Offsite Levy Receipts F $ 2,321,590.50 $ (5,650,287.02) I Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) $ (5,650,287.02) Interest on Project Expenditure $ 2,216.82 $ (5,652,503.84) Interest on Offsite Levy Receipts $ 23,215.911 $ (5,629,287.93) Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) 1 $ (5,629,287.93) 2023 $ (5,629,287.93) Interest on Opening Balance $ 281,220.31 $ (5,910,508.24) Project Expenditures (OSL Share) As Reflected by City " $ 1,601,118.941 $ (7,511,627.18) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City 1 $ - $ (7,511,627.18) Offsite Levy Receipts F$ 2,935,491.40 $ (4,576,135.78) Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) 1 $ (4,576,135.78) Interest on Project Expenditure $ 19,973.96 $ (4,596,109.74) Interest on Offsite Levy Receipts $ 40,543.67 $ (4,555,566.07) Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) (4,555,566.07) Page 129 City of Chestermere Offsite Levy Rates Update Page | 29 2018 (7,050,483.70) $ Interest on Opening Balance 218,564.99 $ (7,269,048.69) $ Project Expenditures (OSL Share) As Reflected by City 219,168.97 $ (7,488,217.66) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City (5,741.01) $ (7,482,476.65) $ Offsite Levy Receipts 432,178.89 $ (7,050,297.76) $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (7,050,297.76) $ Debenture Interest Expenditure - $ (7,050,297.76) $ Interest on Project Expenditure 1,654.07 $ (7,051,951.83) $ Interest on Offsite Levy Receipts 4,321.79 $ (7,047,630.04) $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (7,047,630.04) $ Interest on Debenture Expenditure - $ (7,047,630.04) $ 2019 (7,047,630.04) $ Interest on Opening Balance 218,476.53 $ (7,266,106.57) $ Project Expenditures (OSL Share) As Reflected by City 201,952.99 $ (7,468,059.56) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City (0.99) $ (7,468,058.57) $ Offsite Levy Receipts 299,903.32 $ (7,168,155.25) $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (7,168,155.25) $ Debenture Interest Expenditure - $ (7,168,155.25) $ Interest on Project Expenditure 1,565.13 $ (7,169,720.38) $ Interest on Offsite Levy Receipts 2,999.03 $ (7,166,721.34) $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (7,166,721.34) $ Interest on Debenture Expenditure - $ (7,166,721.34) $ 2020 (7,166,721.34) $ Interest on Opening Balance 222,168.36 $ (7,388,889.71) $ Project Expenditures (OSL Share) As Reflected by City 276,243.43 $ (7,665,133.14) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City (1,943.43) $ (7,663,189.71) $ Offsite Levy Receipts 155,887.63 $ (7,507,302.08) $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (7,507,302.08) $ Interest on Project Expenditure 2,125.83 $ (7,509,427.90) $ Interest on Offsite Levy Receipts 1,558.88 $ (7,507,869.02) $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (7,507,869.02) $ 2021 (7,507,869.02) $ Interest on Opening Balance 195,204.59 $ (7,703,073.62) $ Project Expenditures (OSL Share) As Reflected by City 191,409.16 $ (7,894,482.78) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City (0.16) $ (7,894,482.62) $ Offsite Levy Receipts 478,703.93 $ (7,415,778.69) $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (7,415,778.69) $ Interest on Project Expenditure 1,244.16 $ (7,417,022.85) $ Interest on Offsite Levy Receipts 2,393.52 $ (7,414,629.33) $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (7,414,629.33) $ 2022 (7,414,629.33) $ Interest on Opening Balance 387,377.19 $ (7,802,006.52) $ Project Expenditures (OSL Share) As Reflected by City 169,871.00 $ (7,971,877.52) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City - $ (7,971,877.52) $ Offsite Levy Receipts 2,321,590.50 $ (5,650,287.02) $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) (5,650,287.02) $ Interest on Project Expenditure 2,216.82 $ (5,652,503.84) $ Interest on Offsite Levy Receipts 23,215.91 $ (5,629,287.93) $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) (5,629,287.93) $ 2023 (5,629,287.93) $ Interest on Opening Balance 281,220.31 $ (5,910,508.24) $ Project Expenditures (OSL Share) As Reflected by City 1,601,118.94 $ (7,511,627.18) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City - $ (7,511,627.18) $ Offsite Levy Receipts 2,935,491.40 $ (4,576,135.78) $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) (4,576,135.78) $ Interest on Project Expenditure 19,973.96 $ (4,596,109.74) $ Interest on Offsite Levy Receipts 40,543.67 $ (4,555,566.07) $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) (4,555,566.07) $ City of Chestermere Offsite Levy Rates Update 2024 $ (4,555,566.07) Interest on Opening Balance $ 229,600.53 $ (4,785,166.60) Project Expenditures (OSL Share) As Reflected by City 1 $ 381,725.31 $ (5,166,891.97) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City qi $ - $ (5,166,891.97) Offsite Levy Receipts $ 3,212,083.30 $ (1,954,808.67) Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) -- $ (1,954,808.67) Interest on Project Expenditure $ 4,809.74 $ (1,959,618.41) Interest on Offsite Levy Receipts $ 32,120.83 $ (1,927,497.58) Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ (1,927,497.58) 2025 $ (1,927,497.58) Interest on Opening Balance $ 85,966.391 $ (2,013,463.97) Project Expenditures (OSL Share) As Reflected by City , $ - $ (2,013,463.97) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ 152,811.00 $ (2,166,274.97) Offsite Levy Receipts $ 1,283,250.83 $ (883,024.14) Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ (883,024.14) Interest on Project Expenditure $ 1,757.331 $ (884,781.46) Interest on Offsite Levy Receipts $ 12,190.88 $ (872,590.58) Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ (872,590.58) Page 130 City of Chestermere Offsite Levy Rates Update Page | 30 2024 (4,555,566.07) $ Interest on Opening Balance 229,600.53 $ (4,785,166.60) $ Project Expenditures (OSL Share) As Reflected by City 381,725.37 $ (5,166,891.97) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City - $ (5,166,891.97) $ Offsite Levy Receipts 3,212,083.30 $ (1,954,808.67) $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) (1,954,808.67) $ Interest on Project Expenditure 4,809.74 $ (1,959,618.41) $ Interest on Offsite Levy Receipts 32,120.83 $ (1,927,497.58) $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) (1,927,497.58) $ 2025 (1,927,497.58) $ Interest on Opening Balance 85,966.39 $ (2,013,463.97) $ Project Expenditures (OSL Share) As Reflected by City - $ (2,013,463.97) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City 152,811.00 $ (2,166,274.97) $ Offsite Levy Receipts 1,283,250.83 $ (883,024.14) $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (883,024.14) $ Interest on Project Expenditure 1,757.33 $ (884,781.46) $ Interest on Offsite Levy Receipts 12,190.88 $ (872,590.58) $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (872,590.58) $ City of Chestermere Offsite Levy Rates Update B9. Development and Water Infrastructure Staging Impacts Water offsite infrastructure will be constructed in staged fashion over the 25-year review period. We have reviewed the availability of offsite levy funds to meet these construction requirements and found that offsite levy reserve funds will not be sufficient to pay for construction of water infrastructure from time to time--front ending of infrastructure will be required. A front-ender is the party that constructs and pays up front for infrastructure that benefits other parties. The front-ender (be it a municipality or a developer) is reimbursed over time as levies are collected, and in accordance with the municipality's front-ending repayment policies. To compensate parties for capital they provide in front-ending offsite infrastructure construction, a 4.46% interest allowance has been charged to the reserve when it is forecast to be in a negative balance. Further, a 1.90% interest credit has been provided to the reserve when it is forecast to be in a positive balance. The graph and table below outline the forecast water levy reserve balances over the 25-year development period. If necessary, an interest staging adjustment has been applied to rates (slightly positive or slightly negative) to ensure that the forecast reserve balance at the end of the 25-year review period always returns to break-even (i.e., developers are not charged too much thereby providing a windfall to the City, nor are they charged too little thereby placing an unequitable burden on taxpayers) Anticipated Water Offsite Levy Reserve Balances4 Water Reserve ER $4,000,000 $2,000,000 $(2 900, CM) $(4 ,000, CM) $(6,000,000) $(8,000, cm) ${10,000, 00 0) ${12,000, 000) $(14, 000, 000) $(16,000,000) $(18,000,000) I CO I I I I I CV I I I CO I I CO I I n I I [v I I cl- I I CO I I co n I CA nn t,-) n r) CA CO CO CO r a nnnn cr cr cr cr cr LO c- 3 CA CA CA CA CA CA CA CA CA CA CV Year --41-- Reserve Balance Page 131 City of Chestermere Offsite Levy Rates Update Page | 31 B9. Development and Water Infrastructure Staging Impacts Water offsite infrastructure will be constructed in staged fashion over the 25-year review period. We have reviewed the availability of offsite levy funds to meet these construction requirements and found that offsite levy reserve funds will not be sufficient to pay for construction of water infrastructure from time to time--front ending of infrastructure will be required. A front-ender is the party that constructs and pays up front for infrastructure that benefits other parties. The front-ender (be it a municipality or a developer) is reimbursed over time as levies are collected, and in accordance with the municipality's front-ending repayment policies. To compensate parties for capital they provide in front-ending offsite infrastructure construction, a 4.46% interest allowance has been charged to the reserve when it is forecast to be in a negative balance. Further, a 1.90% interest credit has been provided to the reserve when it is forecast to be in a positive balance. The graph and table below outline the forecast water levy reserve balances over the 25-year development period. If necessary, an interest staging adjustment has been applied to rates (slightly positive or slightly negative) to ensure that the forecast reserve balance at the end of the 25-year review period always returns to break-even (i.e., developers are not charged too much thereby providing a windfall to the City, nor are they charged too little thereby placing an unequitable burden on taxpayers) Anticipated Water Offsite Levy Reserve Balances4 City of Chestermere Offsite Levy Rates Update Anticipated Water Offsite Levy Reserve Balances Opening Balance $ (872,591) Year Receipts Expenditure Interest Balance 2026 $ 3,916,950 $ 3,187,404 $ (6,380) $ (149,424) 2027 $ 2,714,063 $ 5,065,007 $ (111,516) $ (2,611,884) 2028 $ 2,790,100 $ 1,622,044 $ (64,395) $ (1,508,222) 2029 $ 2,742,542 $ 1,669,083 $ (19,390) $ (454,153) 2030 $ 2,361,156 $ 2,871,549 $ (43,019) $ (1,007,566) 2031 $ 3,255,994 $ 7,322,152 $ (226,288) $ (5,300,012) 2032 $ 2,672,250 $ 3,423,795 $ (269,899) $ (6,321,456) 2033 $ 2,762,069 $ 55,622 $ (161,229) $ (3,776,239) 2034 $ 2,242,983 $ 38,157 $ (70,085) $ (1,641,497) 2035 $ 2,843,852 $ 39,263 $ 22,099 $ 1,185,190 2036 $ 1,636,458 $ 9,373,679 $ (292,221) $ (6,844,251) 2037 $ 2,115,689 $ 10,293,026 $ (669,963) $ (15,691,551) 2038 $ 2,177,044 $ 666,288 $ (632,463) $ (14,813,259) 2039 $ 3,565,998 $ 685,610 $ (532,206) $ (12,465,077) 2040 $ 2,775,581 $ 705,493 $ (463,617) $ (10,858,605) 2041 $ 2,614,033 $ 725,952 $ (400,085) $ (9,370,610) 2042 $ 2,550,366 $ 747,005 $ (337,499) $ (7,904,748) 2043 $ 2,022,577 $ 768,668 $ (296,627) $ (6,947,466) 2044 $ 2,109,713 $ 1,850,852 $ (298,312) $ (6,986,917) 2045 $ 2,060,939 $ 2,702,104 $ (340,212) $ (7,968,295) 2046 $ 2,069,663 $ 820,708 $ (299,683) $ (7,019,023) 2047 $ 1,745,811 $ - $ (235,185) $ (5,508,397) 2048 $ 1,714,837 $ - $ (169,193) $ (3,962,753) 2049 $ 2,005,522 $ - $ (87,292) $ (2,044,523) 2050 $ 2,044,523 $ - $ (0) $ (0) 4 1n determining staging adjustments, the offsite levy model also applies inflation to future rates. In so doing it acknowledges that rates must keep pace with inflation just as costs do. Also, it acknowledges that an offsite levy rate of $X paid today is not worth the same as the equivalent $X rate paid in the future (i.e., it is discounted). Page 132 City of Chestermere Offsite Levy Rates Update Page | 32 Anticipated Water Offsite Levy Reserve Balances 4 In determining staging adjustments, the offsite levy model also applies inflation to future rates. In so doing it acknowledges that rates must keep pace with inflation just as costs do. Also, it acknowledges that an offsite levy rate of $X paid today is not worth the same as the equivalent $X rate paid in the future (i.e., it is discounted). Opening Balance (872,591) $ Year Receipts Expenditure Interest Balance 2026 3,916,950 $ 3,187,404 $ (6,380) $ (149,424) $ 2027 2,714,063 $ 5,065,007 $ (111,516) $ (2,611,884) $ 2028 2,790,100 $ 1,622,044 $ (64,395) $ (1,508,222) $ 2029 2,742,542 $ 1,669,083 $ (19,390) $ (454,153) $ 2030 2,361,156 $ 2,871,549 $ (43,019) $ (1,007,566) $ 2031 3,255,994 $ 7,322,152 $ (226,288) $ (5,300,012) $ 2032 2,672,250 $ 3,423,795 $ (269,899) $ (6,321,456) $ 2033 2,762,069 $ 55,622 $ (161,229) $ (3,776,239) $ 2034 2,242,983 $ 38,157 $ (70,085) $ (1,641,497) $ 2035 2,843,852 $ 39,263 $ 22,099 $ 1,185,190 $ 2036 1,636,458 $ 9,373,679 $ (292,221) $ (6,844,251) $ 2037 2,115,689 $ 10,293,026 $ (669,963) $ (15,691,551) $ 2038 2,177,044 $ 666,288 $ (632,463) $ (14,813,259) $ 2039 3,565,998 $ 685,610 $ (532,206) $ (12,465,077) $ 2040 2,775,581 $ 705,493 $ (463,617) $ (10,858,605) $ 2041 2,614,033 $ 725,952 $ (400,085) $ (9,370,610) $ 2042 2,550,366 $ 747,005 $ (337,499) $ (7,904,748) $ 2043 2,022,577 $ 768,668 $ (296,627) $ (6,947,466) $ 2044 2,109,713 $ 1,850,852 $ (298,312) $ (6,986,917) $ 2045 2,060,939 $ 2,702,104 $ (340,212) $ (7,968,295) $ 2046 2,069,663 $ 820,708 $ (299,683) $ (7,019,023) $ 2047 1,745,811 $ - $ (235,185) $ (5,508,397) $ 2048 1,714,837 $ - $ (169,193) $ (3,962,753) $ 2049 2,005,522 $ - $ (87,292) $ (2,044,523) $ 2050 2,044,523 $ - $ (0) $ (0) $ City of Chestermere Offsite Levy Rates Update APPENDIX C: SANITARY OFFSITE INFRASTRUCTURE Cl. Sanitary Offsite Infrastructure Costs To support future growth, sanitary offsite infrastructure is required. The estimated cost of this infrastructure is based upon: (a) actual construction costs to the cut-off date, (b) debenture interest associated with financing, and (c) future cost estimates. Total cost is approximately $145.66 million as outlined in the table below. Actual costs, debenture interest (if any), and cost estimates were provided by City staff. It is important to note that these costs represent "gross" costs, of which only a portion will go to support future development during the 25-year review period. The remainder of this section outlines how the "net" costs for future development are determined. Summary of Sanitary Offsite Infrastructure Item Project Description Cost of Completed Work & Historical Interest Future Debenture Interest Estimated Cost of Work Yet to be Completed Total Project Estimated Cost 1 Lift Station #13 $ 14,849,120 $ 1,573,800 $ - $ 16,422,920 2 Lift Station #13 Forcemain $ 11,012,161 $ 284,593 $ - $ 11,296,755 3 Great Plains Sanitary Trunk $ 7,223,849 $ 246,5781 $ - $ 7,470,427 4 Rainbow Road Gravity Sewer Trunk Phase 1 $ 8,327,883 $ 381,418 $ - $ 8,709,301 5 Rainbow Road Gravity Sewer Trunk Phase 2 $ 134,056 $ - $ 10,896,536 $ 11,030,592 6 Lift Station #14 Phase 1 $ 9,088 $ - $ 4,298,000 $ 4,307,088 7 Lift Station #14 Forcemain $ 1,038,927 $ - $ - $ 1,038,927 8 Lift Station #13 - Pump Upgrade 1 $ - $ - $ 1,423,000 $ 1,423,000 9 Rainbow Road Gravity Sewer Trunk Phase 3 $ - $ - $ 9,774,000 $ 9,774,000 10 Rainbow Road Gravity Sewer Trunk Phase 4 $ - $ - $ 1,046,804 $ 1,046,804 11 Lift Station #10 to LS #13 & H2S System Upgrade $ 1,359,367 $ - $ - $ 1,359,367 12 Lift Station #14 Phase 2 $ - $ - $ 21,985,700 $ 21,985,700 13 New Discharge Forcemain to Calgary $ - $ - $ 3,985,300 $ 3,985,300 14 S5 Rainbow Road Gravity Sewer Trunk Phase 5 $ - $ - $ 7,362,300 $ 7,362,300 15 Lift Station #10 Decommissioning $ - $ - $ 3,400,100 $ 3,400,100 16 East Acreages Interim Lift Station $ - $ - $ 3,828,000 $ 3,828,000 17 East Chestermere Gravity Trunk Line $ - $ - $ 11,031,900 $ 11,031,900 18 Lift Station 13 Twinning $ - $ - $ 13,565,200 $ 13,565,200 19 Lift Station #14 Forcemain Twinning $ - $ - $ 5,955,400 $ 5,955,400 20 Lift Station #10 to Discharge #2 Modifications $ - $ - $ 664,400 $ 664,400 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ - $ - $ - $ - $ 43,954,451 $ 2,486,390 $ 99,216,640 $ 145,657,481 *Costs estimates are reflected in current dollars. **Estimates include engineering costs and contingencies. ***offsite levy project details, allocations, etc. were determined by City staff and their engineering/consulting advisors. ****Financing interest costs to date are included in the cost of work completed for Projects #1, #2, #3, and #4. ***** Project numbering may be out of sequence as rows containing deleted projects are hidden. Page 133 City of Chestermere Offsite Levy Rates Update Page | 33 APPENDIX C: SANITARY OFFSITE INFRASTRUCTURE C1. Sanitary Offsite Infrastructure Costs To support future growth, sanitary offsite infrastructure is required. The estimated cost of this infrastructure is based upon: (a) actual construction costs to the cut-off date, (b) debenture interest associated with financing, and (c) future cost estimates. Total cost is approximately $145.66 million as outlined in the table below. Actual costs, debenture interest (if any), and cost estimates were provided by City staff. It is important to note that these costs represent "gross" costs, of which only a portion will go to support future development during the 25-year review period. The remainder of this section outlines how the "net" costs for future development are determined. Summary of Sanitary Offsite Infrastructure *Costs estimates are reflected in current dollars. **Estimates include engineering costs and contingencies. ***Offsite levy project details, allocations, etc. were determined by City staff and their engineering/consulting advisors. ****Financing interest costs to date are included in the cost of work completed for Projects #1, #2, #3, and #4. ***** Project numbering may be out of sequence as rows containing deleted projects are hidden. Item Project Description Cost of Completed Work & Historical Interest Future Debenture Interest Estimated Cost of Work Yet to be Completed Total Project Estimated Cost 1 Lift Station #13 $ 14,849,120 1,573,800 $ - $ 16,422,920 $ 2 Lift Station #13 Forcemain $ 11,012,161 284,593 $ - $ 11,296,755 $ 3 Great Plains Sanitary Trunk $ 7,223,849 246,578 $ - $ 7,470,427 $ 4 Rainbow Road Gravity Sewer Trunk Phase 1 $ 8,327,883 381,418 $ - $ 8,709,301 $ 5 Rainbow Road Gravity Sewer Trunk Phase 2 $ 134,056 - $ 10,896,536 $ 11,030,592 $ 6 Lift Station #14 Phase 1 $ 9,088 - $ 4,298,000 $ 4,307,088 $ 7 Lift Station #14 Forcemain $ 1,038,927 - $ - $ 1,038,927 $ 8 Lift Station #13 - Pump Upgrade 1 $ - - $ 1,423,000 $ 1,423,000 $ 9 Rainbow Road Gravity Sewer Trunk Phase 3 $ - - $ 9,774,000 $ 9,774,000 $ 10 Rainbow Road Gravity Sewer Trunk Phase 4 $ - - $ 1,046,804 $ 1,046,804 $ 11 Lift Station #10 to LS #13 & H2S System Upgrade $ 1,359,367 - $ - $ 1,359,367 $ 12 Lift Station #14 Phase 2 $ - - $ 21,985,700 $ 21,985,700 $ 13 New Discharge Forcemain to Calgary $ - - $ 3,985,300 $ 3,985,300 $ 14 S5 Rainbow Road Gravity Sewer Trunk Phase 5 $ - - $ 7,362,300 $ 7,362,300 $ 15 Lift Station #10 Decommissioning $ - - $ 3,400,100 $ 3,400,100 $ 16 East Acreages Interim Lift Station $ - - $ 3,828,000 $ 3,828,000 $ 17 East Chestermere Gravity Trunk Line $ - - $ 11,031,900 $ 11,031,900 $ 18 Lift Station 13 Twinning $ - - $ 13,565,200 $ 13,565,200 $ 19 Lift Station #14 Forcemain Twinning $ - - $ 5,955,400 $ 5,955,400 $ 20 Lift Station #10 to Discharge #2 Modifications $ - - $ 664,400 $ 664,400 $ 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ - - $ - $ - $ 43,954,451 $ 2,486,390 $ 99,216,640 $ 145,657,481 $ City of Chestermere Offsite Levy Rates Update C2. Sanitary Offsite Infrastructure Grants & Contributions to Date The MGA enables the City to allocate the costs of offsite infrastructure to future development, other than those costs that have been provided by way of special grant or contribution (i.e., contributed infrastructure). The City has/will receive $4.40 million in special grants and contributions ($3.30 million + $1.10 million) for sanitary offsite levy infrastructure as shown in the table below (note, if the City receives additional grants or contributions in the future, it will be reflected in one of the annual updates and rates adjusted accordingly). The result is that the total reduced project estimated cost is $141.26 million. Special Grants and Contributions for Sanitary Offsite Infrastructure Item Project Description Total Project Estimated Cost Special Grants Developer Agreement Contributions Other Contributions Reduced Project Estimated Cost 1 Lift Station #13 $ 16,422,920 $ - $ - $ - $ 16,422,920 2 Lift Station #13 Forcemain $ 11,296,755 $ 2,261,781 $ - $ - $ 9,034,974 3 Great Plains Sanitary Trunk $ 7,470,427 $ - $ - $ 1,100,0001 $ 6,370,427 4 Rainbow Road Gravity Sewer Trunk Phase 1 $ 8,709,301 $ - $ - $ - $ 8,709,301 5 Rainbow Road Gravity Sewer Trunk Phase 2 $ 11,030,592 $ - $ - $ - $ 11,030,592 6 Lift Station #14 Phase 1 $ 4,307,088 $ - $ - $ - $ 4,307,088 7 Lift Station #14 Forcemain $ 1,038,927 $ 1,037,493 $ - $ - $ 1,434 8 Lift Station #13 - Pump Upgrade 1 $ 1,423,000 $ - $ - $ - $ 1,423,000 9 Rainbow Road Gravity Sewer Trunk Phase 3 $ 9,774,000 $ - $ - $ - $ 9,774,000 10 Rainbow Road Gravity Sewer Trunk Phase 4 $ 1,046,804 $ - $ - $ - $ 1,046,804 11 Lift Station #10 to LS #13 & H2S System Upgrade $ 1,359,367 $ - $ - $ - $ 1,359,367 12 Lift Station #14 Phase 2 $ 21,985,700 $ - $ - $ - $ 21,985,700 13 New Discharge Forcemain to Calgary $ 3,985,300 $ - $ - $ - $ 3,985,300 14 S5 Rainbow Road Gravity Sewer Trunk Phase 5 $ 7,362,300 $ - $ - $ - $ 7,362,300 15 Lift Station #10 Decommissioning $ 3,400,100 $ - $ - $ - $ 3,400,100 16 East Acreages Interim Lift Station $ 3,828,000 $ - $ - $ - $ 3,828,000 17 East Chestermere Gravity Trunk Line $ 11,031,900 $ - $ - $ - $ 11,031,900 18 Lift Station 13 Twinning $ 13,565,200 $ - $ - $ - $ 13,565,200 19 Lift Station #14 Forcemain Twinning $ 5,955,400 $ - $ - $ - $ 5,955,400 20 Lift Station #10 to Discharge #2 Modifications $ 664,400 $ - $ - $ - $ 664,400 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ - $ - $ - $ - $ - $ 145,657,481 $ 3,299,274 $ - $ 1,100,000 $ 141,258,207 *The contribution of $1.10 million for Project #3 was provided by the City of Calgary. C3. Sanitary Infrastructure Staging The timing of construction is used to determine the impact of inflation on cost, the impact of forecast reserve balances, and the estimate of financial oversizing (described in the section that follows). The City anticipates construction of offsite infrastructure as outlined in the table below. Note, if this schedule is adjusted in the future, it will be reflected in one of the annual rate/bylaw updates. Page 134 City of Chestermere Offsite Levy Rates Update Page | 34 C2. Sanitary Offsite Infrastructure Grants & Contributions to Date The MGA enables the City to allocate the costs of offsite infrastructure to future development, other than those costs that have been provided by way of special grant or contribution (i.e., contributed infrastructure). The City has/will receive $4.40 million in special grants and contributions ($3.30 million + $1.10 million) for sanitary offsite levy infrastructure as shown in the table below (note, if the City receives additional grants or contributions in the future, it will be reflected in one of the annual updates and rates adjusted accordingly). The result is that the total reduced project estimated cost is $141.26 million. Special Grants and Contributions for Sanitary Offsite Infrastructure *The contribution of $1.10 million for Project #3 was provided by the City of Calgary. C3. Sanitary Infrastructure Staging The timing of construction is used to determine the impact of inflation on cost, the impact of forecast reserve balances, and the estimate of financial oversizing (described in the section that follows). The City anticipates construction of offsite infrastructure as outlined in the table below. Note, if this schedule is adjusted in the future, it will be reflected in one of the annual rate/bylaw updates. Item Project Description Total Project Estimated Cost Special Grants Developer Agreement Contributions Other Contributions Reduced Project Estimated Cost 1 Lift Station #13 16,422,920 $ - $ - $ $ - 16,422,920 $ 2 Lift Station #13 Forcemain 11,296,755 $ 2,261,781 $ - $ $ - 9,034,974 $ 3 Great Plains Sanitary Trunk 7,470,427 $ - $ - $ $ 1,100,000 6,370,427 $ 4 Rainbow Road Gravity Sewer Trunk Phase 1 8,709,301 $ - $ - $ $ - 8,709,301 $ 5 Rainbow Road Gravity Sewer Trunk Phase 2 11,030,592 $ - $ - $ $ - 11,030,592 $ 6 Lift Station #14 Phase 1 4,307,088 $ - $ - $ $ - 4,307,088 $ 7 Lift Station #14 Forcemain 1,038,927 $ 1,037,493 $ - $ $ - 1,434 $ 8 Lift Station #13 - Pump Upgrade 1 1,423,000 $ - $ - $ $ - 1,423,000 $ 9 Rainbow Road Gravity Sewer Trunk Phase 3 9,774,000 $ - $ - $ $ - 9,774,000 $ 10 Rainbow Road Gravity Sewer Trunk Phase 4 1,046,804 $ - $ - $ $ - 1,046,804 $ 11 Lift Station #10 to LS #13 & H2S System Upgrade 1,359,367 $ - $ - $ $ - 1,359,367 $ 12 Lift Station #14 Phase 2 21,985,700 $ - $ - $ $ - 21,985,700 $ 13 New Discharge Forcemain to Calgary 3,985,300 $ - $ - $ $ - 3,985,300 $ 14 S5 Rainbow Road Gravity Sewer Trunk Phase 5 7,362,300 $ - $ - $ $ - 7,362,300 $ 15 Lift Station #10 Decommissioning 3,400,100 $ - $ - $ $ - 3,400,100 $ 16 East Acreages Interim Lift Station 3,828,000 $ - $ - $ $ - 3,828,000 $ 17 East Chestermere Gravity Trunk Line 11,031,900 $ - $ - $ $ - 11,031,900 $ 18 Lift Station 13 Twinning 13,565,200 $ - $ - $ $ - 13,565,200 $ 19 Lift Station #14 Forcemain Twinning 5,955,400 $ - $ - $ $ - 5,955,400 $ 20 Lift Station #10 to Discharge #2 Modifications 664,400 $ - $ - $ $ - 664,400 $ 100 Unallocated Offsite Levies Collected to Dec 31, 2016 - $ - $ - $ $ - - $ 145,657,481 $ 3,299,274 $ - $ 1,100,000 $ 141,258,207 $ City of Chestermere Offsite Levy Rates Update Sanitary Infrastructure Staging Item Project Description Construction Start Year 1 Lift Station #13 2015 2 Lift Station #13 Forcemain 2017 3 Great Plains Sanitary Trunk 2016 4 Rainbow Road Gravity Sewer Trunk Phase 1 2017 5 Rainbow Road Gravity Sewer Trunk Phase 2 2019 6 Lift Station #14 Phase 1 2027 7 Lift Station #14 Forcemain 2020 8 Lift Station #13 - Pump Upgrade 1 2030 9 Rainbow Road Gravity Sewer Trunk Phase 3 2034 10 Rainbow Road Gravity Sewer Trunk Phase 4 2025 11 Lift Station #10 to LS #13 & H2S System Upgrade 2023 12 Lift Station #14 Phase 2 2055 13 New Discharge Forcemain to Calgary 2059 14 S5 Rainbow Road Gravity Sewer Trunk Phase 5 2047 15 Lift Station #10 Decommissioning 2060 16 East Acreages Interim Lift Station 2027 17 East Chestermere Gravity Trunk Line 2040 18 Lift Station 13 Twinning 2061 19 Lift Station #14 Forcemain Twinning 2055 20 Lift Station #10 to Discharge #2 Modifications 2039 *The share of projects beyond the 25-year review period are not included in rates today (see financial oversizing in next section). **Costs are inflated to the year of construction using an inflation rate of 2.9% for the next year, and 2.9% thereafter. C4. Sanitary Offsite Infrastructure Benefiting Parties The sanitary offsite infrastructure previously outlined will benefit various parties to varying degrees as determined by City staff and engineering advisors. The potential benefiting parties include: - City of Chestermere - that portion of cost which is required to service existing residents. - Other Stakeholders - other parties (such as neighboring municipalities) that benefit from the infrastructure. - City of Chestermere Future Development (Financial Oversizing) - that portion of cost which benefits future development beyond the 25-year review period. - City of Chestermere Future Development (in Rates) - all growth-related infrastructure (i.e., leviable sanitary infrastructure costs) during the 25-year rate planning period. Page 135 City of Chestermere Offsite Levy Rates Update Page | 35 Sanitary Infrastructure Staging *The share of projects beyond the 25-year review period are not included in rates today (see financial oversizing in next section). **Costs are inflated to the year of construction using an inflation rate of 2.9% for the next year, and 2.9% thereafter. C4. Sanitary Offsite Infrastructure Benefiting Parties The sanitary offsite infrastructure previously outlined will benefit various parties to varying degrees as determined by City staff and engineering advisors. The potential benefiting parties include:  City of Chestermere - that portion of cost which is required to service existing residents.  Other Stakeholders - other parties (such as neighboring municipalities) that benefit from the infrastructure.  City of Chestermere Future Development (Financial Oversizing) - that portion of cost which benefits future development beyond the 25-year review period.  City of Chestermere Future Development (in Rates) - all growth-related infrastructure (i.e., leviable sanitary infrastructure costs) during the 25-year rate planning period. Item Project Description Construction Start Year 1 Lift Station #13 2015 2 Lift Station #13 Forcemain 2017 3 Great Plains Sanitary Trunk 2016 4 Rainbow Road Gravity Sewer Trunk Phase 1 2017 5 Rainbow Road Gravity Sewer Trunk Phase 2 2019 6 Lift Station #14 Phase 1 2027 7 Lift Station #14 Forcemain 2020 8 Lift Station #13 - Pump Upgrade 1 2030 9 Rainbow Road Gravity Sewer Trunk Phase 3 2034 10 Rainbow Road Gravity Sewer Trunk Phase 4 2025 11 Lift Station #10 to LS #13 & H2S System Upgrade 2023 12 Lift Station #14 Phase 2 2055 13 New Discharge Forcemain to Calgary 2059 14 S5 Rainbow Road Gravity Sewer Trunk Phase 5 2047 15 Lift Station #10 Decommissioning 2060 16 East Acreages Interim Lift Station 2027 17 East Chestermere Gravity Trunk Line 2040 18 Lift Station 13 Twinning 2061 19 Lift Station #14 Forcemain Twinning 2055 20 Lift Station #10 to Discharge #2 Modifications 2039 City of Chestermere Offsite Levy Rates Update The table below outlines the allocation of sanitary offsite levy infrastructure costs to benefiting parties. Allocation of Sanitary Infrastructure to Benefiting Parties Item Project Description Reduced Project Estimated Cost Muni Share % Other Stakeholder Share - Developer Share Beyond 25 Yrs (Financial Oversizing %) OSL / Developer Share % 1 Lift Station #13 $ 16,422,920 20.0% 0.0% 80.0% 2 Lift Station #13 Forcemain $ 9,034,974 20.0% 0.0% 80.0% 3 Great Plains Sanitary Trunk $ 6,370,427 0.0% 100.0% 4 Rainbow Road Gravity Sewer Trunk Phase 1 $ 8,709,301 20.0% 0.0% 80.0% 5 Rainbow Road Gravity Sewer Trunk Phase 2 $ 11,030,592 0.0% 100.0% 6 Lift Station #14 Phase 1 $ 4,307,088 4.0% 96.0% 7 Lift Station #14 Forcemain $ 1,434 0.0% 100.0% 8 Lift Station #13 - Pump Upgrade 1 $ 1,423,000 16.0% 84.0% 9 Rainbow Road Gravity Sewer Trunk Phase 3 $ 9,774,000 32.0% 68.0% 10 Rainbow Road Gravity Sewer Trunk Phase 4 $ 1,046,804 0.0% 100.0% 11 Lift Station #10 to LS #13 & H2S System Upgrade $ 1,359,367 0.0% 100.0% 12 Lift Station #14 Phase 2 $ 21,985,700 100.0% 0.0% 13 New Discharge Forcemain to Calgary $ 3,985,300 100.0% 0.0% 14 S5 Rainbow Road Gravity Sewer Trunk Phase 5 $ 7,362,300 84.0% 16.0% 15 Lift Station #10 Decommissioning $ 3,400,100 100.0% 0.0% 16 East Acreages Interim Lift Station $ 3,828,000 4.0% 96.0% 17 East Chestermere Gravity Trunk Line $ 11,031,900 56.0% 44.0% 18 Lift Station 13 Twinning $ 13,565,200 100.0% 0.0% 19 Lift Station #14 Forcemain Twinning $ 5,955,400 100.0% 0.0% 20 Lift Station #10 to Discharge #2 Modifications $ 664,400 52.0% 48.0% 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ - 0.0% 100.0% $ 141,258,207 *Allocations to future development (vs municipal share etc.) were determined by City staff and their engineering/consulting advisors. **Financial oversizing is determined by separating out the pro rata portion of developer cost beyond the 25-year review period, in comparison with the anticipated year of construction. As the years move forward and rates are updated, these additional developer costs will be included in rate calculations. For example, a project which is slated to be constructed in year 20 of the 25-year review period will have 20% (5/25) of its costs in rates today, and 80% (20/25) of its costs will sit beyond the 25-year review period. C5. Existing Receipts & Adjusted Levy Cost Using the offsite levy share percentages shown in the previous section and applying those percentages to project costs results in an offsite levy cost of approximately $69.14 million. However, prior to allocating these costs to benefiting areas, existing offsite levy receipts collected from developers need to be considered in determining the residual/net costs to developers. The City has collected $15.48 million ($6.69 million + $8.78 million) in offsite levies to date and results in an adjusted offsite levy cost of approximately $53.67 million. Page 136 City of Chestermere Offsite Levy Rates Update Page | 36 The table below outlines the allocation of sanitary offsite levy infrastructure costs to benefiting parties. Allocation of Sanitary Infrastructure to Benefiting Parties *Allocations to future development (vs municipal share etc.) were determined by City staff and their engineering/consulting advisors. **Financial oversizing is determined by separating out the pro rata portion of developer cost beyond the 25-year review period, in comparison with the anticipated year of construction. As the years move forward and rates are updated, these additional developer costs will be included in rate calculations. For example, a project which is slated to be constructed in year 20 of the 25-year review period will have 20% (5/25) of its costs in rates today, and 80% (20/25) of its costs will sit beyond the 25-year review period. C5. Existing Receipts & Adjusted Levy Cost Using the offsite levy share percentages shown in the previous section and applying those percentages to project costs results in an offsite levy cost of approximately $69.14 million. However, prior to allocating these costs to benefiting areas, existing offsite levy receipts collected from developers need to be considered in determining the residual/net costs to developers. The City has collected $15.48 million ($6.69 million + $8.78 million) in offsite levies to date and results in an adjusted offsite levy cost of approximately $53.67 million. Item Project Description Reduced Project Estimated Cost Muni Share % Other Stakeholder Share Developer Share Beyond 25 Yrs (Financial Oversizing %) OSL / Developer Share % 1 Lift Station #13 16,422,920 $ 20.0% 0.0% 80.0% 2 Lift Station #13 Forcemain 9,034,974 $ 20.0% 0.0% 80.0% 3 Great Plains Sanitary Trunk 6,370,427 $ 0.0% 100.0% 4 Rainbow Road Gravity Sewer Trunk Phase 1 8,709,301 $ 20.0% 0.0% 80.0% 5 Rainbow Road Gravity Sewer Trunk Phase 2 11,030,592 $ 0.0% 100.0% 6 Lift Station #14 Phase 1 4,307,088 $ 4.0% 96.0% 7 Lift Station #14 Forcemain 1,434 $ 0.0% 100.0% 8 Lift Station #13 - Pump Upgrade 1 1,423,000 $ 16.0% 84.0% 9 Rainbow Road Gravity Sewer Trunk Phase 3 9,774,000 $ 32.0% 68.0% 10 Rainbow Road Gravity Sewer Trunk Phase 4 1,046,804 $ 0.0% 100.0% 11 Lift Station #10 to LS #13 & H2S System Upgrade 1,359,367 $ 0.0% 100.0% 12 Lift Station #14 Phase 2 21,985,700 $ 100.0% 0.0% 13 New Discharge Forcemain to Calgary 3,985,300 $ 100.0% 0.0% 14 S5 Rainbow Road Gravity Sewer Trunk Phase 5 7,362,300 $ 84.0% 16.0% 15 Lift Station #10 Decommissioning 3,400,100 $ 100.0% 0.0% 16 East Acreages Interim Lift Station 3,828,000 $ 4.0% 96.0% 17 East Chestermere Gravity Trunk Line 11,031,900 $ 56.0% 44.0% 18 Lift Station 13 Twinning 13,565,200 $ 100.0% 0.0% 19 Lift Station #14 Forcemain Twinning 5,955,400 $ 100.0% 0.0% 20 Lift Station #10 to Discharge #2 Modifications 664,400 $ 52.0% 48.0% 100 Unallocated Offsite Levies Collected to Dec 31, 2016 - $ 0.0% 100.0% 141,258,207 $ City of Chestermere Offsite Levy Rates Update Offsite Levy Funds Collected to Date & Adjusted Levy Cost Item Project Description OSL / Developer Cost Offsite Levy Funds Collected to Dec 31, 2016 Offsite Levy Funds Collected Starting Jan 1, 2017 Adjusted Developer (Levy) Cost 1 Lift Station #13 $ 13,138,336 $ 2,724,818 $ 2,399,705 $ 8,013,812 2 Lift Station #13 Forcemain $ 7,227,979 $ 240,241 $ 1,600,937 $ 5,386,802 3 Great Plains Sanitary Trunk $ 6,370,427 $ 3,379,289 $ 689,167 $ 2,301,971 4 Rainbow Road Gravity Sewer Trunk Phase 1 $ 6,967,441 $ 347,258 $ 1,554,641 $ 5,065,543 5 Rainbow Road Gravity Sewer Trunk Phase 2 $ 11,030,592 $ - $ 1,281,900 $ 9,748,692 6 Lift Station #14 Phase 1 $ 4,134,805 $ - $ - $ 4,134,805 7 Lift Station #14 Forcemain $ 1,434 $ - $ 1,289 $ 145 8 Lift Station #13 - Pump Upgrade 1 $ 1,195,320 $ - $ 177,690 $ 1,017,630 9 Rainbow Road Gravity Sewer Trunk Phase 3 $ 6,646,320 $ - $ 519,597 $ 6,126,723 10 Rainbow Road Gravity Sewer Trunk Phase 4 $ 1,046,804 $ - $ - $ 1,046,804 11 Lift Station #10 to LS #13 & H2S System Upgrade $ 1,359,367 $ - $ 378,146 $ 981,221 12 Lift Station #14 Phase 2 $ - $ - $ - $ - 13 New Discharge Forcemain to Calgary $ - $ - $ - $ - 14 S5 Rainbow Road Gravity Sewer Trunk Phase 5 $ 1,177,968 $ - $ - $ 1,177,968 15 Lift Station #10 Decommissioning $ - $ - $ 166,403 $ (166,403) 16 East Acreages Interim Lift Station $ 3,674,880 $ - $ - $ 3,674,880 17 East Chestermere Gravity Trunk Line $ 4,854,036 $ - $ - $ 4,854,036 18 Lift Station 13 Twinning $ - $ - $ - $ - 19 Lift Station #14 Forcemain Twinning $ - $ - $ - $ - 20 Lift Station #10 to Discharge #2 Modifications $ 318,912 $ - $ 14,700 $ 304,212 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ - $ - $ - $ - $ 69,144,621 $ 6,691,606 $ 8,784,173 $ 53,668,841 6. Summary of Sanitary Offsite Levy Cost Flow-through As shown in the figure below, the total costs for sanitary infrastructure that forms the basis of the rate is approximately $53.67 million. The cost allocations to each benefitting party are based on the benefitting percentages shown in Section C4. The offsite levy balance (due from developers) is allocated to various benefitting areas (as described in the next section). Total Sanitary Offsite Levy Costs = Future Development (OSL Share) $69.14M Less: Levy Receipts $15.48M = Off-site Balance* 53.67M = Future Development "Financial Oversizing" $65.28M Less: Special = Other = Project Project Costs Grants & Contributions Balance $141.26M Share $0.00M $145.66M $4.40M = Existing Developmen (City Share) $6.83M Page 137 City of Chestermere Offsite Levy Rates Update Page | 37 Offsite Levy Funds Collected to Date & Adjusted Levy Cost 6. Summary of Sanitary Offsite Levy Cost Flow-through As shown in the figure below, the total costs for sanitary infrastructure that forms the basis of the rate is approximately $53.67 million. The cost allocations to each benefitting party are based on the benefitting percentages shown in Section C4. The offsite levy balance (due from developers) is allocated to various benefitting areas (as described in the next section). Total Sanitary Offsite Levy Costs Project Costs $145.66M = Future Development (OSL Share) = Existing Development (City Share) Less: Levy Receipts $15.48M = Off-site Balance* $53.67M Less: Special Grants & Contributions $4.40M Item Project Description OSL / Developer Cost Offsite Levy Funds Collected to Dec 31, 2016 Offsite Levy Funds Collected Starting Jan 1, 2017 Adjusted Developer (Levy) Cost 1 Lift Station #13 13,138,336 $ 2,724,818 $ 2,399,705 $ 8,013,812 $ 2 Lift Station #13 Forcemain 7,227,979 $ 240,241 $ 1,600,937 $ 5,386,802 $ 3 Great Plains Sanitary Trunk 6,370,427 $ 3,379,289 $ 689,167 $ 2,301,971 $ 4 Rainbow Road Gravity Sewer Trunk Phase 1 6,967,441 $ 347,258 $ 1,554,641 $ 5,065,543 $ 5 Rainbow Road Gravity Sewer Trunk Phase 2 11,030,592 $ - $ 1,281,900 $ 9,748,692 $ 6 Lift Station #14 Phase 1 4,134,805 $ - $ - $ 4,134,805 $ 7 Lift Station #14 Forcemain 1,434 $ - $ 1,289 $ 145 $ 8 Lift Station #13 - Pump Upgrade 1 1,195,320 $ - $ 177,690 $ 1,017,630 $ 9 Rainbow Road Gravity Sewer Trunk Phase 3 6,646,320 $ - $ 519,597 $ 6,126,723 $ 10 Rainbow Road Gravity Sewer Trunk Phase 4 1,046,804 $ - $ - $ 1,046,804 $ 11 Lift Station #10 to LS #13 & H2S System Upgrade 1,359,367 $ - $ 378,146 $ 981,221 $ 12 Lift Station #14 Phase 2 - $ - $ - $ - $ 13 New Discharge Forcemain to Calgary - $ - $ - $ - $ 14 S5 Rainbow Road Gravity Sewer Trunk Phase 5 1,177,968 $ - $ - $ 1,177,968 $ 15 Lift Station #10 Decommissioning - $ - $ 166,403 $ (166,403) $ 16 East Acreages Interim Lift Station 3,674,880 $ - $ - $ 3,674,880 $ 17 East Chestermere Gravity Trunk Line 4,854,036 $ - $ - $ 4,854,036 $ 18 Lift Station 13 Twinning - $ - $ - $ - $ 19 Lift Station #14 Forcemain Twinning - $ - $ - $ - $ 20 Lift Station #10 to Discharge #2 Modifications 318,912 $ - $ 14,700 $ 304,212 $ 100 Unallocated Offsite Levies Collected to Dec 31, 2016 - $ - $ - $ - $ 69,144,621 $ 6,691,606 $ 8,784,173 $ 53,668,841 $ City of Chestermere Offsite Levy Rates Update C7. Sanitary Infrastructure Benefiting Areas Net developer costs for each project have been allocated to multiple benefiting offsite levy area (see tables below). Allocations are denoted with a "1" below applicable area numbers. Benefiting areas were determined by City staff. The lands anticipated to develop over the 25-years in each offsite levy benefitting area are used to determine rates. Benefiting Areas for Sanitary Offsite Infrastructure Item Project Description Developer COSt 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 1 Lift Station #13 $ 8,013,812 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 Lift Station #13 Forcemain $ 5,386,802 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 3 Great Plains Sanitary Trunk $ 2,301,971 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 4 Rainbow Road Gravity Sewer Trunk Phase 1 $ 5,065,543 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 5 Rainbow Road Gravity Sewer Trunk Phase 2 $ 9,748,692 1 1 1 1 1 1 1 1 1 1 1 1 6 Lift Station #14 Phase 1 $ 4,134,805 1 1 1 1 7 Lift Station #14 Forcemain $ 145 1 1 1 1 8 Lift Station #13 - Pump Upgrade 1 $ 1,017,630 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 9 Rainbow Road Gravity Sewer Trunk Phase 3 $ 6,126,723 1 1 1 1 1 1 1 1 1 1 10 Rainbow Road Gravity Sewer Trunk Phase 4 $ 1,046,804 1 1 1 1 1 11 Lift Station #10 to LS #13 & H2S System Upgrade $ 981,221 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 12 Lift Station #14 Phase 2 $ 1 1 1 1 1 13 New Discharge Forcemain to Calgary $ 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 14 S5 Rainbow Road Gravity Sewer Trunk Phase 5 $ 1,177,968 1 1 15 Lift Station #10 Decommissioning $ (166,403) 1 1 1 1 1 1 1 1 1 16 East Acreages Interim Lift Station $ 3,674,880 1 17 East Chestermere Gravity Trunk Line $ 4,854,036 1 1 1 1 1 18 Lift Station 13 Twinning $ 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 19 Lift Station #14 Forcemain Twinning $ 1 1 1 1 1 20 Lift Station #10 to Discharge #2 Modifications $ 304,212 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 $ 53,668,841 C8. Reserve Balance The balance of the City's sanitary reserve at December 31st, 2025 is -$33,584,624. This updated balance takes into consideration expenditures up to end-2025 and assumes that front-ending debts will be drawn down via a withdrawal of all available cash in the account. Sanitary Offsite Levy Reserve Balance Description Dr Cr Balance Offsite Lew Expenditures to December 31, 2016 $ 15,968,042.91 $ (15,968,042.91) Offsite Lew Receipt Allocations to December 31, 2016 $ 405,561.30 $ (15,562,481.61) Debenture Interest Expenditure to December 31, 2016 $ - $ (15,562,481.61) Unallocated Receipts to December 31, 2016 $ - $ (15,562,481.61) Opening Balance 2017 $ (15,562,481.61) Interest on Opening Balance $ 466,874.45 $ (16,029,356.06) Project Expenditures (OSL Share) As Reflected by City - $ 8,289,228.791 $ (24,318,584.85) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ (1.31) $ (24,318,583.54) Offsite Lew Receipts $ 52,496.69 $ (24,266,086.85) Offsite Lew Receipts Collected Under Old Agreement or Old Bylaw (if any) 1 $ - $ (24,266,086.85) Debenture Interest Expenditure $ - $ (24,266,086.85) Interest on Project Expenditure $ 62,169.211 $ (24,328,256.05) Interest on Offsite Lew Receipts $ 262.481 $ (24,327,993.57) Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - - $ (24,327,993.57) Interest on Debenture Expenditure $ - 1 $ (24,327,993.57) $ (15,562,481.61) Page 138 City of Chestermere Offsite Levy Rates Update Page | 38 C7. Sanitary Infrastructure Benefiting Areas Net developer costs for each project have been allocated to multiple benefiting offsite levy area (see tables below). Allocations are denoted with a "1" below applicable area numbers. Benefiting areas were determined by City staff. The lands anticipated to develop over the 25-years in each offsite levy benefitting area are used to determine rates. Benefiting Areas for Sanitary Offsite Infrastructure C8. Reserve Balance The balance of the City's sanitary reserve at December 31st, 2025 is -$33,584,624. This updated balance takes into consideration expenditures up to end-2025 and assumes that front-ending debts will be drawn down via a withdrawal of all available cash in the account. Sanitary Offsite Levy Reserve Balance Description Dr Cr Balance Offsite Levy Expenditures to December 31, 2016 15,968,042.91 $ (15,968,042.91) $ Offsite Levy Receipt Allocations to December 31, 2016 405,561.30 $ (15,562,481.61) $ Debenture Interest Expenditure to December 31, 2016 - $ (15,562,481.61) $ Unallocated Receipts to December 31, 2016 - $ (15,562,481.61) $ Opening Balance (15,562,481.61) $ 2017 (15,562,481.61) $ Interest on Opening Balance 466,874.45 $ (16,029,356.06) $ Project Expenditures (OSL Share) As Reflected by City 8,289,228.79 $ (24,318,584.85) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City (1.31) $ (24,318,583.54) $ Offsite Levy Receipts 52,496.69 $ (24,266,086.85) $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (24,266,086.85) $ Debenture Interest Expenditure - $ (24,266,086.85) $ Interest on Project Expenditure 62,169.21 $ (24,328,256.05) $ Interest on Offsite Levy Receipts 262.48 $ (24,327,993.57) $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (24,327,993.57) $ Interest on Debenture Expenditure - $ (24,327,993.57) $ Item Project Description Developer Cost 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 1 Lift Station #13 $ 8,013,812 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 Lift Station #13 Forcemain $ 5,386,802 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 3 Great Plains Sanitary Trunk $ 2,301,971 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 4 Rainbow Road Gravity Sewer Trunk Phase 1 $ 5,065,543 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 5 Rainbow Road Gravity Sewer Trunk Phase 2 $ 9,748,692 1 1 1 1 1 1 1 1 1 1 1 1 6 Lift Station #14 Phase 1 $ 4,134,805 1 1 1 1 7 Lift Station #14 Forcemain $ 145 1 1 1 1 8 Lift Station #13 - Pump Upgrade 1 $ 1,017,630 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 9 Rainbow Road Gravity Sewer Trunk Phase 3 $ 6,126,723 1 1 1 1 1 1 1 1 1 1 10 Rainbow Road Gravity Sewer Trunk Phase 4 $ 1,046,804 1 1 1 1 1 11 Lift Station #10 to LS #13 & H2S System Upgrade $ 981,221 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 12 Lift Station #14 Phase 2 $ - 1 1 1 1 1 13 New Discharge Forcemain to Calgary $ - 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 14 S5 Rainbow Road Gravity Sewer Trunk Phase 5 $ 1,177,968 1 1 15 Lift Station #10 Decommissioning $ (166,403) 1 1 1 1 1 1 1 1 1 16 East Acreages Interim Lift Station $ 3,674,880 1 17 East Chestermere Gravity Trunk Line $ 4,854,036 1 1 1 1 1 18 Lift Station 13 Twinning $ - 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 19 Lift Station #14 Forcemain Twinning $ - 1 1 1 1 1 20 Lift Station #10 to Discharge #2 Modifications $ 304,212 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ - 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 53,668,841 $ City of Chestermere Offsite Levy Rates Update 2018 $ (24,327,993.57) Interest on Opening Balance $ 754,167.80 $ (25,082, 161.37) - Project Expenditures (OSL Share) As Reflected by City $ 4,746,247.66 $ (29,828,409.03) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ 1.80 $ (29,828,410.83) Offsite Levy Receipts $ 252,507.40 $ (29,575,903.43) Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if - any) 1 $ $ (29,575,903.43) Debenture Interest Expenditure $ - 1 $ (29,575,903.43) Interest on Project Expenditure $ 36,783.431 $ (29,612,686.87) Interest on Offsite Levy Receipts $ 2,525.071 $ (29,610, 161.79) Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - - $ (29,610, 161.79) Interest on Debenture Expenditure $ - 1 $ (29,610, 161.79) 2019 $ (29,610, 161.79) Interest on Opening Balance $ 917,915.021 $ (30,528, 076.81) Project Expenditures (OSL Share) As Reflected by City $ 703,441.261 $ (31,231,518.07) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ (1.12) $ (31,231,516.94) Offsite Levy Receipts $ 207,904.86 $ (31,023,612.08) Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ $ (31,023,612.08) Debenture Interest Expenditure $ - 1 $ (31,023,612.08) Interest on Project Expenditure $ 5,451.661 $ (31,029,063.75) Interest on Offsite Levy Receipts $ 2,079.051 $ (31,026,984.70) Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - - $ (31,026,984.70) Interest on Debenture Expenditure $ - 1 $ (31,026,984.70) 2020 $ (31,026,984.70) Interest on Opening Balance $ 961,836.531 $ (31,988,821.22) Project Expenditures (OSL Share) As Reflected by City - $ 1,135,902.861 $ (33,124, 724.08) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By Citj? $ (0.95) $ (33,124, 723.13) Offsite Levy Receipts $ 476,101.53 $ (32,648,621.60) Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if - any) 1 $ $ (32,648,621.60) Interest on Project Expenditure $ 8,803.241 $ (32,657,424.84) Interest on Offsite Levy Receipts $ 4,761.02' $ (32,652,663.83) Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ (32,652,663.83) 2021 $ (32,652,663.83) Interest on Opening Balance $ 848,969.26 $ (33,501,633.09) Project Expenditures (OSL Share) As Reflected by City $ 669,320.91 $ (34,170, 954.00) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ 259.84 $ (34,171, 213.84) Offsite Levy Receipts $ 426,254.36 $ (33,744,959.48) Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if - any) $ $ (33,744,959.48) Interest on Project Expenditure $ 6,150.85 $ (33,751, 110.34) Interest on Offsite Levy Receipts $ - $ (33,751, 110.34) Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ (33,751, 110.34) 2022 $ (33,751, 110.34) Interest on Opening Balance $ 1,761,807.961 $ (35,512,918.30) Project Expenditures (OSL Share) As Reflected by City $ 266,953.37 $ (35,779,871.67) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City 1 $ (35,779,871.67) Offsite Levy Receipts $ 562,526.02 $ (35,217,345.65) Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) $ (35,217,345.65) Interest on Project Expenditure $ 3,483.74 $ (35,220,829.39) Interest on Offsite Levy Receipts $ 5,625.26 $ (35,215, 204.13) Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ (35,215, 204.13) Page 139 City of Chestermere Offsite Levy Rates Update Page | 39 2018 (24,327,993.57) $ Interest on Opening Balance 754,167.80 $ (25,082,161.37) $ Project Expenditures (OSL Share) As Reflected by City 4,746,247.66 $ (29,828,409.03) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City 1.80 $ (29,828,410.83) $ Offsite Levy Receipts 252,507.40 $ (29,575,903.43) $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (29,575,903.43) $ Debenture Interest Expenditure - $ (29,575,903.43) $ Interest on Project Expenditure 36,783.43 $ (29,612,686.87) $ Interest on Offsite Levy Receipts 2,525.07 $ (29,610,161.79) $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (29,610,161.79) $ Interest on Debenture Expenditure - $ (29,610,161.79) $ 2019 (29,610,161.79) $ Interest on Opening Balance 917,915.02 $ (30,528,076.81) $ Project Expenditures (OSL Share) As Reflected by City 703,441.26 $ (31,231,518.07) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City (1.12) $ (31,231,516.94) $ Offsite Levy Receipts 207,904.86 $ (31,023,612.08) $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (31,023,612.08) $ Debenture Interest Expenditure - $ (31,023,612.08) $ Interest on Project Expenditure 5,451.66 $ (31,029,063.75) $ Interest on Offsite Levy Receipts 2,079.05 $ (31,026,984.70) $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (31,026,984.70) $ Interest on Debenture Expenditure - $ (31,026,984.70) $ 2020 (31,026,984.70) $ Interest on Opening Balance 961,836.53 $ (31,988,821.22) $ Project Expenditures (OSL Share) As Reflected by City 1,135,902.86 $ (33,124,724.08) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City (0.95) $ (33,124,723.13) $ Offsite Levy Receipts 476,101.53 $ (32,648,621.60) $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (32,648,621.60) $ Interest on Project Expenditure 8,803.24 $ (32,657,424.84) $ Interest on Offsite Levy Receipts 4,761.02 $ (32,652,663.83) $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (32,652,663.83) $ 2021 (32,652,663.83) $ Interest on Opening Balance 848,969.26 $ (33,501,633.09) $ Project Expenditures (OSL Share) As Reflected by City 669,320.91 $ (34,170,954.00) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City 259.84 $ (34,171,213.84) $ Offsite Levy Receipts 426,254.36 $ (33,744,959.48) $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (33,744,959.48) $ Interest on Project Expenditure 6,150.85 $ (33,751,110.34) $ Interest on Offsite Levy Receipts - $ (33,751,110.34) $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (33,751,110.34) $ 2022 (33,751,110.34) $ Interest on Opening Balance 1,761,807.96 $ (35,512,918.30) $ Project Expenditures (OSL Share) As Reflected by City 266,953.37 $ (35,779,871.67) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City (35,779,871.67) $ Offsite Levy Receipts 562,526.02 $ (35,217,345.65) $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) (35,217,345.65) $ Interest on Project Expenditure 3,483.74 $ (35,220,829.39) $ Interest on Offsite Levy Receipts 5,625.26 $ (35,215,204.13) $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) (35,215,204.13) $ City of Chestermere Offsite Levy Rates Update 2023 $ (35,215,204.13) Interest on Opening Balance $ 1,418,069.991 $ (36,633,274.12) Project Expenditures (OSL Share) As Reflected by City $ 88,372.96 $ (36,721,647.08) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ (36,721,647.08) Offsite Levy Receipts $ 1,599,301.87 $ (35,122,345.21) Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) $ (35,122,345.21) Interest on Project Expenditure $ 3,240.99 $ (35,125,586.20) Interest on Offsite Levy Receipts $ 15,993.02 $ (35,109, 593.18) Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ (35,109, 593.18) 2024 $ (35,109, 593.18) Interest on Opening Balance $ 1,769,523.501 $ (36,879,116.68) Project Expenditures (OSL Share) As Reflected by City $ 725,578.68 $ (37,604,695.36) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ (37,604,695.36) Offsite Levy Receipts $ 2,831,602.82 $ (34,773,092.54) Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) $ (34,773,092.54) Interest on Project Expenditure $ 9,142.29 $ (34,782, 234.83) Interest on Offsite Levy Receipts $ 28,316.03 $ (34,753,918.80) Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ (34,753,918.80) 2025 $ (34,753,918.80) Interest on Opening Balance $ 1,550,024.78 $ (36,303,943.58) Project Expenditures (OSL Share) As Reflected by City . $ - $ (36,303,943.58) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City` $ (317, 731.61) $ (35,986, 211.97) Offsite Levy Receipts F$ 2,375,477.92 $ (33,610,734.05) Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) 1 $ - $ (33,610,734.05) Interest on Project Expenditure $ (3,542.717 $ (33,607,191.34) Interest on Offsite Levy Receipts $ 22,567.041 $ (33,584,624.30) Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - . $ (33,584,624.30) C9. Development and Sanitary Infrastructure Staging Impacts Sanitary offsite infrastructure will be constructed in staged fashion over the 25-year development period. We have reviewed the availability of offsite levy funds to meet these construction requirements and found that offsite levy reserve funds will not be sufficient to pay for construction of sanitary infrastructure from time to time--front ending of infrastructure will be required. A front-ender is the party that constructs and pays up front for infrastructure that benefits other parties. The front-ender (be it a municipality or a developer) is reimbursed over time as levies are collected, and in accordance with the municipality's front-ending repayment policies. To compensate parties for capital they provide in front-ending offsite infrastructure construction, a 4.46% interest allowance has been charged to the reserve when it is forecast to be in a negative balance. Further, a 1.90% interest credit has been provided to the reserve when it is forecast to be in a positive balance. The graph and table below outline the forecast sanitary levy reserve balances over the 25-year development period. If necessary, an interest staging adjustment has been applied to rates (slightly positive or slightly negative) to ensure that the forecast reserve balance at the end of the 25-year review period always returns to break-even (i.e., developers are not charged too much thereby providing a windfall to the City, nor are they charged too little thereby placing an unequitable burden on taxpayers). Page 140 City of Chestermere Offsite Levy Rates Update Page | 40 C9. Development and Sanitary Infrastructure Staging Impacts Sanitary offsite infrastructure will be constructed in staged fashion over the 25-year development period. We have reviewed the availability of offsite levy funds to meet these construction requirements and found that offsite levy reserve funds will not be sufficient to pay for construction of sanitary infrastructure from time to time--front ending of infrastructure will be required. A front-ender is the party that constructs and pays up front for infrastructure that benefits other parties. The front-ender (be it a municipality or a developer) is reimbursed over time as levies are collected, and in accordance with the municipality's front-ending repayment policies. To compensate parties for capital they provide in front-ending offsite infrastructure construction, a 4.46% interest allowance has been charged to the reserve when it is forecast to be in a negative balance. Further, a 1.90% interest credit has been provided to the reserve when it is forecast to be in a positive balance. The graph and table below outline the forecast sanitary levy reserve balances over the 25-year development period. If necessary, an interest staging adjustment has been applied to rates (slightly positive or slightly negative) to ensure that the forecast reserve balance at the end of the 25-year review period always returns to break-even (i.e., developers are not charged too much thereby providing a windfall to the City, nor are they charged too little thereby placing an unequitable burden on taxpayers). 2023 (35,215,204.13) $ Interest on Opening Balance 1,418,069.99 $ (36,633,274.12) $ Project Expenditures (OSL Share) As Reflected by City 88,372.96 $ (36,721,647.08) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City (36,721,647.08) $ Offsite Levy Receipts 1,599,301.87 $ (35,122,345.21) $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) (35,122,345.21) $ Interest on Project Expenditure 3,240.99 $ (35,125,586.20) $ Interest on Offsite Levy Receipts 15,993.02 $ (35,109,593.18) $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) (35,109,593.18) $ 2024 (35,109,593.18) $ Interest on Opening Balance 1,769,523.50 $ (36,879,116.68) $ Project Expenditures (OSL Share) As Reflected by City 725,578.68 $ (37,604,695.36) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City (37,604,695.36) $ Offsite Levy Receipts 2,831,602.82 $ (34,773,092.54) $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) (34,773,092.54) $ Interest on Project Expenditure 9,142.29 $ (34,782,234.83) $ Interest on Offsite Levy Receipts 28,316.03 $ (34,753,918.80) $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) (34,753,918.80) $ 2025 (34,753,918.80) $ Interest on Opening Balance 1,550,024.78 $ (36,303,943.58) $ Project Expenditures (OSL Share) As Reflected by City - $ (36,303,943.58) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City (317,731.61) $ (35,986,211.97) $ Offsite Levy Receipts 2,375,477.92 $ (33,610,734.05) $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (33,610,734.05) $ Interest on Project Expenditure (3,542.71) $ (33,607,191.34) $ Interest on Offsite Levy Receipts 22,567.04 $ (33,584,624.30) $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (33,584,624.30) $ City of Chestermere Offsite Levy Rates Update Anticipated Sanitary Offsite Levy Reserve Balances5 Sanitary Reserve $ $(5900,000) $(10,000, 000) $(15,000,000) $(20,000,000) $(25,000,000) $(30,000,000) $(35,000,000) I I I I I I I I I I I LO OD 71- CN CN c7 ) c 1 I I I h -- CO I I I O Tr I I I C4 I i i Tr g 0 CN CN CN CN 0 CN c, CN cp CN cp CN CN 1 4LI Year Reserve Balance Anticipated Sanitary Offsite Levy Reserve Balances Opening Balance $ (33,584,624) Year Receipts Expenditure Interest Balance 2026 $ 4,964,017 $ 265,589 $ (1,288,324) $ (30,174,520) 2027 $ 3,811,429 $ 8,302,287 $ (1,546,076) $ (36,211,453) 2028 $ 3,947,008 $ 266,185 $ (1,450,866) $ (33,981,497) 2029 $ 4,196,081 $ 258,438 $ (1,339,956) $ (31,383,810) 2030 $ 3,273,533 $ 1,590,144 $ (1,324,639) $ (31,025,059) 2031 $ 4,377,448 $ 257,268 $ (1,199,958) $ (28,104,837) 2032 $ 3,595,092 $ 247,877 $ (1,104,190) $ (25,861,813) 2033 $ 3,717,436 $ 237,726 $ (998,242) $ (23,380,344) 2034 $ 3,025,580 $ 8,598,808 $ (1,291,329) $ (30,244,901) 2035 $ 3,959,797 $ 233,353 $ (1,182,723) $ (27,701,180) 2036 $ 2,553,101 $ 221,227 $ (1,131,471) $ (26,500,778) 2037 $ 3,074,321 $ 227,643 $ (1,054,973) $ (24,709,073) 2038 $ 3,408,952 $ 39,275 $ (951,737) $ (22,291,133) 2039 $ 5,182,742 $ 502,870 $ (785,462) $ (18,396,723) 2040 $ 4,525,566 $ 7,274,186 $ (943,082) $ (22,088,425) 2041 $ 4,387,851 $ 21,396 $ (790,400) $ (18,512,369) 2042 $ 3,954,998 $ 22,017 $ (650,241) $ (15,229,628) 2043 $ 2,870,902 $ 11,328 $ (551,704) $ (12,921,758) 2044 $ 3,143,507 $ - $ (436,110) $ (10,214,362) 2045 $ 3,099,652 $ - $ (317,316) $ (7,432,026) 2046 $ 2,435,584 $ - $ (222,841) $ (5,219,284) 2047 $ 1,596,163 $ 2,147,120 $ (257,353) $ (6,027,594) 2048 $ 1,717,750 $ - $ (192,219) $ (4,502,063) 2049 $ 1,671,677 $ - $ (126,235) $ (2,956,622) 2050 $ 2,956,622 $ - $ (0) $ (0) 51n determining staging adjustments, the offsite levy model also applies inflation to future rates. In so doing it Acknowledges that rates must keep pace with inflation just as costs do. Also, it acknowledges that an offsite levy rate of $X paid today is not worth the same as the equivalent $X rate paid in the future (i.e., it is discounted). Page 141 City of Chestermere Offsite Levy Rates Update Page | 41 Anticipated Sanitary Offsite Levy Reserve Balances5 Anticipated Sanitary Offsite Levy Reserve Balances 5In determining staging adjustments, the offsite levy model also applies inflation to future rates. In so doing it Acknowledges that rates must keep pace with inflation just as costs do. Also, it acknowledges that an offsite levy rate of $X paid today is not worth the same as the equivalent $X rate paid in the future (i.e., it is discounted). Opening Balance (33,584,624) $ Year Receipts Expenditure Interest Balance 2026 4,964,017 $ 265,589 $ (1,288,324) $ (30,174,520) $ 2027 3,811,429 $ 8,302,287 $ (1,546,076) $ (36,211,453) $ 2028 3,947,008 $ 266,185 $ (1,450,866) $ (33,981,497) $ 2029 4,196,081 $ 258,438 $ (1,339,956) $ (31,383,810) $ 2030 3,273,533 $ 1,590,144 $ (1,324,639) $ (31,025,059) $ 2031 4,377,448 $ 257,268 $ (1,199,958) $ (28,104,837) $ 2032 3,595,092 $ 247,877 $ (1,104,190) $ (25,861,813) $ 2033 3,717,436 $ 237,726 $ (998,242) $ (23,380,344) $ 2034 3,025,580 $ 8,598,808 $ (1,291,329) $ (30,244,901) $ 2035 3,959,797 $ 233,353 $ (1,182,723) $ (27,701,180) $ 2036 2,553,101 $ 221,227 $ (1,131,471) $ (26,500,778) $ 2037 3,074,321 $ 227,643 $ (1,054,973) $ (24,709,073) $ 2038 3,408,952 $ 39,275 $ (951,737) $ (22,291,133) $ 2039 5,182,742 $ 502,870 $ (785,462) $ (18,396,723) $ 2040 4,525,566 $ 7,274,186 $ (943,082) $ (22,088,425) $ 2041 4,387,851 $ 21,396 $ (790,400) $ (18,512,369) $ 2042 3,954,998 $ 22,017 $ (650,241) $ (15,229,628) $ 2043 2,870,902 $ 11,328 $ (551,704) $ (12,921,758) $ 2044 3,143,507 $ - $ (436,110) $ (10,214,362) $ 2045 3,099,652 $ - $ (317,316) $ (7,432,026) $ 2046 2,435,584 $ - $ (222,841) $ (5,219,284) $ 2047 1,596,163 $ 2,147,120 $ (257,353) $ (6,027,594) $ 2048 1,717,750 $ - $ (192,219) $ (4,502,063) $ 2049 1,671,677 $ - $ (126,235) $ (2,956,622) $ 2050 2,956,622 $ - $ (0) $ (0) $ City of Chestermere Offsite Levy Rates Update APPENDIX D: TRANSPORTATION OFFSITE INFRASTRUCTURE Dl. Transportation Offsite Infrastructure Costs To support future growth, transportation offsite infrastructure is required. The estimated cost of this infrastructure is based upon: (a) actual construction costs to the cut-off date, (b) debenture interest associated with financing, and (c) future cost estimates. Total cost is approximately $258.30 million as outlined in the table below. Actual costs, debenture interest (if any), and cost estimates were provided by City staff. It is important to note that these costs represent "gross" costs, of which only a portion will go to support future development during the 25-year review period. The remainder of this section outlines how the "net" costs for future development are determined. Summary of Transportation Offsite Infrastructure Item Project Description Cost of Completed Work & Historical Interest Future Debenture Interest Estimated Cost of Work Yet to be Completed Total Project Cost 1 Rainbow Rd Twinning - Chestermere Blvd to Merganser Drive West $ 1,045,273 $ - $ - $ 1,045,273 2 Rainbow Rd 2 lane rural to 2 lane urban at Goodacre location $ 581,327 $ - $ - $ 581,327 3 Rainbow Rd Tie in and Signalization at Chestermere Blvd $ 570,000 $ - $ - $ 570,000 4 Project removed and cost estimate added to Item 10 $ - $ - $ - $ 5 TWP Rd 240 2 lane rural to 2 lane urban (Phase 1,2,3) Rainbow Rd to East City boundary (includes 1 cannal crossing) $ 11,729,224 $ - $ - $ 11,729,224 6 Rainbow Rd 2 lane rural to 2 lane urban Western Headworks cannal crossing to TWP Rd 240 (includes rail crossing upgrade) $ - $ - $ 9,896,000 $ 9,896,000 7 Rainbow Rd 2 lane rural bridge to 2 lane urban bridge (Western Headworks crossing) $ 5,575,238 $ - $ 853,106 $ 6,428,343 8 Project removed and cost estimate added to Item 6 $ - $ - $ - $ - 9 Chestermere Blvd 2 lane rural to 4 lane rural Range Rd 284 to Rainbow Rd (potential for 2 lane urban included in scope) $ - $ - $ 14,733,950 $ 14,733,950 10 Rainbow Rd 2 lane urban to 4 lane urban Merganser Drive West to Waterford Blvd $ 7,842,210 $ - $ - $ 7,842,210 11 Rainbow Rd 2 lane urban to 4 lane urban Waterford Blvd to TWP Rd 240 $ - $ - $ 4,273,000 $ 4,273,000 12 Chestermere Blvd 2 lane urban to 4 lane urban bridge over Chestermere Lake $ 28,400 $ - $ 33,543,000 $ 33,571,400 13 Rainbow Rd 2 lane rural to 2 lane urban Windermere Drive to Highway 1 $ - $ - $ 11,752,000 $ 11,752,000 14 Highway 1 & Rainbow Rd interchange (50% of half diamond) $ - $ - $ 10,029,800 $ 10,029,800 15 Project Removed $ - $ - $ - $ - 16 Project Removed $ - $ - $ - $ - 17 Project Removed $ - $ - $ - $ - 18 Highway 1 & Highway 791 1 interchange (1/4 share) $ - $ - $ 47,349,500 $ 47,349,500 19 Project Removed $ - $ - $ - $ 20 Project removed and cost estimate added to Item 19 & 30 $ - $ - $ - $ - 21 Project Removed $ - $ - $ - $ - 22 TWP Rd 240 2 lane rural to 2 lane urban (Phase 4) Rainbow Rd to West City boundary (includes 1 cannal crossing and 1 rail crossing) $ - $ - $ 5,398,000 $ 5,398,000 23 Rainbow Rd 2 lane urban to 4 lane urban Highway 1 to Windermere Drive $ - $ - $ 6,587,900 $ 6,587,900 Page 141 City of Chestermere Offsite Levy Rates Update Page | 41 APPENDIX D: TRANSPORTATION OFFSITE INFRASTRUCTURE D1. Transportation Offsite Infrastructure Costs To support future growth, transportation offsite infrastructure is required. The estimated cost of this infrastructure is based upon: (a) actual construction costs to the cut-off date, (b) debenture interest associated with financing, and (c) future cost estimates. Total cost is approximately $258.30 million as outlined in the table below. Actual costs, debenture interest (if any), and cost estimates were provided by City staff. It is important to note that these costs represent "gross" costs, of which only a portion will go to support future development during the 25-year review period. The remainder of this section outlines how the "net" costs for future development are determined. Summary of Transportation Offsite Infrastructure Item Project Description Cost of Completed Work & Historical Interest Future Debenture Interest Estimated Cost of Work Yet to be Completed Total Project Cost 1 Rainbow Rd Twinning - Chestermere Blvd to Merganser Drive West $ 1,045,273 - $ - $ 1,045,273 $ 2 Rainbow Rd 2 lane rural to 2 lane urban at Goodacre location $ 581,327 - $ - $ 581,327 $ 3 Rainbow Rd Tie in and Signalization at Chestermere Blvd $ 570,000 - $ - $ 570,000 $ 4 Project removed and cost estimate added to Item 10 $ - - $ - $ - $ 5 TWP Rd 240 2 lane rural to 2 lane urban (Phase 1,2,3) Rainbow Rd to East City boundary (includes 1 cannal crossing) $ 11,729,224 - $ - $ 11,729,224 $ 6 Rainbow Rd 2 lane rural to 2 lane urban Western Headworks cannal crossing to TWP Rd 240 (includes rail crossing upgrade) $ - - $ 9,896,000 $ 9,896,000 $ 7 Rainbow Rd 2 lane rural bridge to 2 lane urban bridge (Western Headworks crossing) $ 5,575,238 - $ 853,106 $ 6,428,343 $ 8 Project removed and cost estimate added to Item 6 $ - - $ - $ - $ 9 Chestermere Blvd 2 lane rural to 4 lane rural Range Rd 284 to Rainbow Rd (potential for 2 lane urban included in scope) $ - - $ 14,733,950 $ 14,733,950 $ 10 Rainbow Rd 2 lane urban to 4 lane urban Merganser Drive West to Waterford Blvd $ 7,842,210 - $ - $ 7,842,210 $ 11 Rainbow Rd 2 lane urban to 4 lane urban Waterford Blvd to TWP Rd 240 $ - - $ 4,273,000 $ 4,273,000 $ 12 Chestermere Blvd 2 lane urban to 4 lane urban bridge over Chestermere Lake $ 28,400 - $ 33,543,000 $ 33,571,400 $ 13 Rainbow Rd 2 lane rural to 2 lane urban Windermere Drive to Highway 1 $ - - $ 11,752,000 $ 11,752,000 $ 14 Highway 1 & Rainbow Rd interchange (50% of half diamond) $ - - $ 10,029,800 $ 10,029,800 $ 15 Project Removed $ - - $ - $ - $ 16 Project Removed $ - - $ - $ - $ 17 Project Removed $ - - $ - $ - $ 18 Highway 1 & Highway 791 1 interchange (1/4 share) $ - - $ 47,349,500 $ 47,349,500 $ 19 Project Removed $ - - $ - $ - $ 20 Project removed and cost estimate added to Item 19 & 30 $ - - $ - $ - $ 21 Project Removed $ - - $ - $ - $ 22 TWP Rd 240 2 lane rural to 2 lane urban (Phase 4) Rainbow Rd to West City boundary (includes 1 cannal crossing and 1 rail crossing) $ - - $ 5,398,000 $ 5,398,000 $ 23 Rainbow Rd 2 lane urban to 4 lane urban Highway 1 to Windermere Drive $ - - $ 6,587,900 $ 6,587,900 $ City of Chestermere Offsite Levy Rates Update 24 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Chelsea Parade $ - $ - $ 6,226,000 $ 6,226,000 25 Range Rd 284 2 lane rural to 2 lane urban TVVP Rd 240 to AltaLink ROW $ - $ - $ 9,050,800 $ 9,050,800 26 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Memorial Drive/Windermere Drive $ - $ - $ 9,763,600 $ 9,763,600 27 Project Removed 1 $ - $ - $ - $ - 28 Highway 1 & Range Rd 284 interchange (1/4 share) $ - $ - $ 18,301,800 $ 18,301,800 29 Chestermere Blvd 2 lane rural to 4 lane rural Rainbow Rd to Highway 1 (potential for 2 lane urban included in scope) $ - $ - $ 1,788,000 $ 1,788,000 30 Project Removed 1 $ - $ - $ - $ - 31 Rainbow Rd 2 lane urban bridge to 4 lane urban bridge (Western Headworks crossing) $ - $ - $ 6,173,000 $ 6,173,000 32 Rainbow Rd 2 lane urban to 4 lane urban Chestermere Blvd to Windermere Drive $ - $ - $ 5,360,300 $ 5,360,300 33 Range Rd 284 2 lane rural to 2 lane urban Chelsea Parade to A $ - $ - $ 3,088,800 $ 3,088,800 34 Chestermere Blvd 4 lane rural to 4 lane urban Rainbow Rd to Ni $ - $ - $ 6,255,000 $ 6,255,000 35 Chestermere Blvd 4 lane rural to 4 lane urban Marina Drive to V $ - $ - $ 5,187,000 $ 5,187,000 36 Range Road 281, TVVP Road 241A to TVVP Road 240 $ - $ - $ 5,003,000 $ 5,003,000 37 Township Road 240, Railroad Crossing to Western Headworks $ - $ - $ 2,087,000 $ 2,087,000 38 Township Road 240, Railroad Crossing to Western Headworks $ - $ - $ 1,530,000 $ 1,530,000 39 Range Road 281, TVVP Road 241A to TVVP Road 240 Canal CI $ - $ - $ 6,702,000 $ 6,702,000 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ - $ - $ - $ - $ 27,371,671 $ - $ 230,932,556 $ 258,304,226 *Costs estimates are reflected in current dollars. **Estimates include engineering costs and contingencies. ***offsite levy project details, allocations, etc. were determined by City staff and their engineering/consulting advisors. **** Project numbering may be out of sequence as rows containing deleted projects are hidden. D2. Transportation Offsite Infrastructure Grants & Contributions to Date The MGA enables the City to allocate the costs of offsite infrastructure to future development, other than those costs that have been provided by way of special grant or contribution (i.e., contributed infrastructure). The City has/will receive $6.39 million in special grants and contributions ($6.09 million + $0.29 million) for transportation offsite levy infrastructure as shown in the table below (note, if the City receives other grants or contributions in the future, it will be reflected in one of the annual updates and rates adjusted accordingly). The result is that the total reduced project estimated cost is $251.92 million. Special Grants and Contributions for Transportation Offsite Infrastructure Item Project Description Total Project Cost Special Provincial Grants Developer Agreement Contributions Other Contributions Reduced Project Cost 1 Rainbow Rd Twinning - Chestermere Blvd to Merganser Drive West $ 1,045,273 $ - $ - $ - $ 1,045,273 2 Rainbow Rd 2 lane rural to 2 lane urban at Goodacre location $ 581,327 $ - $ - $ - $ 581,327 3 Rainbow Rd Tie in and Signalization at Chestermere Blvd $ 570,000 $ - $ - $ - $ 570,000 4 Project removed and cost estimate added to Item 10 $ - $ - $ - $ - $ - 5 TWP Rd 240 2 lane rural to 2 lane urban (Phase 1,2,3) Rainbow Rd to East City boundary (includes 1 cannal crossing) $ 11,729,224 $ 6,094,495 $ 294,5291 $ - $ 5,340,199 Page 142 City of Chestermere Offsite Levy Rates Update Page | 42 *Costs estimates are reflected in current dollars. **Estimates include engineering costs and contingencies. ***Offsite levy project details, allocations, etc. were determined by City staff and their engineering/consulting advisors. **** Project numbering may be out of sequence as rows containing deleted projects are hidden. D2. Transportation Offsite Infrastructure Grants & Contributions to Date The MGA enables the City to allocate the costs of offsite infrastructure to future development, other than those costs that have been provided by way of special grant or contribution (i.e., contributed infrastructure). The City has/will receive $6.39 million in special grants and contributions ($6.09 million + $0.29 million) for transportation offsite levy infrastructure as shown in the table below (note, if the City receives other grants or contributions in the future, it will be reflected in one of the annual updates and rates adjusted accordingly). The result is that the total reduced project estimated cost is $251.92 million. Special Grants and Contributions for Transportation Offsite Infrastructure 24 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Chelsea Parade $ - - $ 6,226,000 $ 6,226,000 $ 25 Range Rd 284 2 lane rural to 2 lane urban TWP Rd 240 to AltaLink ROW $ - - $ 9,050,800 $ 9,050,800 $ 26 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Memorial Drive/Windermere Drive $ - - $ 9,763,600 $ 9,763,600 $ 27 Project Removed $ - - $ - $ - $ 28 Highway 1 & Range Rd 284 interchange (1/4 share) $ - - $ 18,301,800 $ 18,301,800 $ 29 Chestermere Blvd 2 lane rural to 4 lane rural Rainbow Rd to Highway 1 (potential for 2 lane urban included in scope) $ - - $ 1,788,000 $ 1,788,000 $ 30 Project Removed $ - - $ - $ - $ 31 Rainbow Rd 2 lane urban bridge to 4 lane urban bridge (Western Headworks crossing) $ - - $ 6,173,000 $ 6,173,000 $ 32 Rainbow Rd 2 lane urban to 4 lane urban Chestermere Blvd to Windermere Drive $ - - $ 5,360,300 $ 5,360,300 $ 33 Range Rd 284 2 lane rural to 2 lane urban Chelsea Parade to A $ - - $ 3,088,800 $ 3,088,800 $ 34 Chestermere Blvd 4 lane rural to 4 lane urban Rainbow Rd to M $ - - $ 6,255,000 $ 6,255,000 $ 35 Chestermere Blvd 4 lane rural to 4 lane urban Marina Drive to W $ - - $ 5,187,000 $ 5,187,000 $ 36 Range Road 281, TWP Road 241A to TWP Road 240 $ - - $ 5,003,000 $ 5,003,000 $ 37 Township Road 240, Railroad Crossing to Western Headworks $ - - $ 2,087,000 $ 2,087,000 $ 38 Township Road 240, Railroad Crossing to Western Headworks $ - - $ 1,530,000 $ 1,530,000 $ 39 Range Road 281, TWP Road 241A to TWP Road 240 Canal Cr $ - - $ 6,702,000 $ 6,702,000 $ 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ - - $ - $ - $ 27,371,671 $ - $ 230,932,556 $ 258,304,226 $ Item Project Description Total Project Cost Special Provincial Grants Developer Agreement Contributions Other Contributions Reduced Project Cost 1 Rainbow Rd Twinning - Chestermere Blvd to Merganser Drive West 1,045,273 $ - $ - $ - $ 1,045,273 $ 2 Rainbow Rd 2 lane rural to 2 lane urban at Goodacre location 581,327 $ - $ - $ - $ 581,327 $ 3 Rainbow Rd Tie in and Signalization at Chestermere Blvd 570,000 $ - $ - $ - $ 570,000 $ 4 Project removed and cost estimate added to Item 10 - $ - $ - $ - $ - $ 5 TWP Rd 240 2 lane rural to 2 lane urban (Phase 1,2,3) Rainbow Rd to East City boundary (includes 1 cannal crossing) 11,729,224 $ 6,094,495 $ 294,529 $ - $ 5,340,199 $ City of Chestermere Offsite Levy Rates Update 6 Rainbow Rd 2 lane rural to 2 lane urban Western Headworks cannal crossing to TVVP Rd 240 (includes rail crossing upgrade) $ 9,896,000 $ - $ - $ - $ 9,896,000 7 Rainbow Rd 2 lane rural bridge to 2 lane urban bridge (Western Headworks crossing) $ 6,428,343 $ - $ - $ - $ 6,428,343 8 Project removed and cost estimate added to Item 6 $ - $ - $ - $ - $ - 9 Chestermere Blvd 2 lane rural to 4 lane rural Range Rd 284 to Rainbow Rd (potential for 2 lane urban included in scope) $ 14,733,950 $ - $ - $ - $ 14,733,950 10 Rainbow Rd 2 lane urban to 4 lane urban Merganser Drive West to Waterford Blvd $ 7,842,210 $ - $ - $ - $ 7,842,210 11 Rainbow Rd 2 lane urban to 4 lane urban Waterford Blvd to TVVP Rd 240 $ 4,273,000 $ - $ - $ - $ 4,273,000 12 Chestermere Blvd 2 lane urban to 4 lane urban bridge over Chestermere Lake $ 33,571,400 $ - $ - $ - $ 33,571,400 13 Rainbow Rd 2 lane rural to 2 lane urban Windermere Drive to Highway 1 $ 11,752,000 $ - $ - $ - $ 11,752,000 14 Highway 1 & Rainbow Rd interchange (50% of half diamond) $ 10,029,800 $ - $ - $ - $ 10,029,800 15 Project Removed 1 $ - $ - $ - $ - $ - 16 Project Removed $ - $ - $ - $ - $ - 17 Project Removed $ - $ - $ - $ - $ - 18 Highway 1 & Highway 791 1 interchange (1/4 share) $ 47,349,500 $ - $ - $ - $ 47,349,500 19 Project Removed $ - $ - $ - $ - $ - 20 Project removed and cost estimate added to Item 19 & 30 $ - $ - $ - $ - $ - 21 Project Removed $ - $ - $ - $ - $ - 22 TVVP Rd 240 2 lane rural to 2 lane urban (Phase 4) Rainbow Rd to West City boundary (includes 1 cannal crossing and 1 rail crossing) $ 5,398,000 $ - $ - $ - $ 5,398,000 23 Rainbow Rd 2 lane urban to 4 lane urban Highway 1 to Windermere Drive $ 6,587,900 $ - $ - $ - $ 6,587,900 24 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Chelsea Parade $ 6,226,000 $ - $ - $ - $ 6,226,000 25 Range Rd 284 2 lane rural to 2 lane urban MVP Rd 240 to Alta Link ROW $ 9,050,800 $ - $ - $ - $ 9,050,800 26 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Memorial Drive/Windermere Drive $ 9,763,600 $ - $ - $ - $ 9,763,600 27 Project Removed 1 $ - $ - $ - $ - $ - 28 Highway 1 & Range Rd 284 interchange (1/4 share) $ 18,301,800 $ - $ - $ - $ 18,301,800 29 Chestermere Blvd 2 lane rural to 4 lane rural Rainbow Rd to Highway 1 (potential for 2 lane urban included in scope) $ 1,788,000 $ - $ - $ - $ 1,788,000 30 Project Removed 1 $ - $ - $ - $ - $ - 31 Rainbow Rd 2 lane urban bridge to 4 lane urban bridge (Western Headworks crossing) $ 6,173,000 $ - $ - $ - $ 6,173,000 32 Rainbow Rd 2 lane urban to 4 lane urban Chestermere Blvd to Windermere Drive $ 5,360,300 $ - $ - $ - $ 5,360,300 33 Range Rd 284 2 lane rural to 2 lane urban Chelsea Parade to A $ 3,088,800 $ - $ - $ - $ 3,088,800 34 Chestermere Blvd 4 lane rural to 4 lane urban Rainbow Rd to M $ 6,255,000 $ - $ - $ - $ 6,255,000 35 Chestermere Blvd 4 lane rural to 4 lane urban Marina Drive to V $ 5,187,000 $ - $ - $ - $ 5,187,000 36 Range Road 281, MVP Road 241A to MVP Road 240 $ 5,003,000 $ - $ - $ - $ 5,003,000 37 Township Road 240, Railroad Crossing to Western Headworks $ 2,087,000 $ - $ - $ - $ 2,087,000 38 Township Road 240, Railroad Crossing to Western Headworks $ 1,530,000 $ - $ - $ - $ 1,530,000 39 Range Road 281, MVP Road 241A to MVP Road 240 Canal CI $ 6,702,000 $ - $ - $ - $ 6,702,000 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ - $ - $ - $ - $ - $ 258,304,226 $ 6,094,495 $ 294,529 $ $ 251,915,202 Page 143 City of Chestermere Offsite Levy Rates Update Page | 43 6 Rainbow Rd 2 lane rural to 2 lane urban Western Headworks cannal crossing to TWP Rd 240 (includes rail crossing upgrade) 9,896,000 $ - $ - $ - $ 9,896,000 $ 7 Rainbow Rd 2 lane rural bridge to 2 lane urban bridge (Western Headworks crossing) 6,428,343 $ - $ - $ - $ 6,428,343 $ 8 Project removed and cost estimate added to Item 6 - $ - $ - $ - $ - $ 9 Chestermere Blvd 2 lane rural to 4 lane rural Range Rd 284 to Rainbow Rd (potential for 2 lane urban included in scope) 14,733,950 $ - $ - $ - $ 14,733,950 $ 10 Rainbow Rd 2 lane urban to 4 lane urban Merganser Drive West to Waterford Blvd 7,842,210 $ - $ - $ - $ 7,842,210 $ 11 Rainbow Rd 2 lane urban to 4 lane urban Waterford Blvd to TWP Rd 240 4,273,000 $ - $ - $ - $ 4,273,000 $ 12 Chestermere Blvd 2 lane urban to 4 lane urban bridge over Chestermere Lake 33,571,400 $ - $ - $ - $ 33,571,400 $ 13 Rainbow Rd 2 lane rural to 2 lane urban Windermere Drive to Highway 1 11,752,000 $ - $ - $ - $ 11,752,000 $ 14 Highway 1 & Rainbow Rd interchange (50% of half diamond) 10,029,800 $ - $ - $ - $ 10,029,800 $ 15 Project Removed - $ - $ - $ - $ - $ 16 Project Removed - $ - $ - $ - $ - $ 17 Project Removed - $ - $ - $ - $ - $ 18 Highway 1 & Highway 791 1 interchange (1/4 share) 47,349,500 $ - $ - $ - $ 47,349,500 $ 19 Project Removed - $ - $ - $ - $ - $ 20 Project removed and cost estimate added to Item 19 & 30 - $ - $ - $ - $ - $ 21 Project Removed - $ - $ - $ - $ - $ 22 TWP Rd 240 2 lane rural to 2 lane urban (Phase 4) Rainbow Rd to West City boundary (includes 1 cannal crossing and 1 rail crossing) 5,398,000 $ - $ - $ - $ 5,398,000 $ 23 Rainbow Rd 2 lane urban to 4 lane urban Highway 1 to Windermere Drive 6,587,900 $ - $ - $ - $ 6,587,900 $ 24 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Chelsea Parade 6,226,000 $ - $ - $ - $ 6,226,000 $ 25 Range Rd 284 2 lane rural to 2 lane urban TWP Rd 240 to AltaLink ROW 9,050,800 $ - $ - $ - $ 9,050,800 $ 26 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Memorial Drive/Windermere Drive 9,763,600 $ - $ - $ - $ 9,763,600 $ 27 Project Removed - $ - $ - $ - $ - $ 28 Highway 1 & Range Rd 284 interchange (1/4 share) 18,301,800 $ - $ - $ - $ 18,301,800 $ 29 Chestermere Blvd 2 lane rural to 4 lane rural Rainbow Rd to Highway 1 (potential for 2 lane urban included in scope) 1,788,000 $ - $ - $ - $ 1,788,000 $ 30 Project Removed - $ - $ - $ - $ - $ 31 Rainbow Rd 2 lane urban bridge to 4 lane urban bridge (Western Headworks crossing) 6,173,000 $ - $ - $ - $ 6,173,000 $ 32 Rainbow Rd 2 lane urban to 4 lane urban Chestermere Blvd to Windermere Drive 5,360,300 $ - $ - $ - $ 5,360,300 $ 33 Range Rd 284 2 lane rural to 2 lane urban Chelsea Parade to A 3,088,800 $ - $ - $ - $ 3,088,800 $ 34 Chestermere Blvd 4 lane rural to 4 lane urban Rainbow Rd to M 6,255,000 $ - $ - $ - $ 6,255,000 $ 35 Chestermere Blvd 4 lane rural to 4 lane urban Marina Drive to W 5,187,000 $ - $ - $ - $ 5,187,000 $ 36 Range Road 281, TWP Road 241A to TWP Road 240 5,003,000 $ - $ - $ - $ 5,003,000 $ 37 Township Road 240, Railroad Crossing to Western Headworks 2,087,000 $ - $ - $ - $ 2,087,000 $ 38 Township Road 240, Railroad Crossing to Western Headworks 1,530,000 $ - $ - $ - $ 1,530,000 $ 39 Range Road 281, TWP Road 241A to TWP Road 240 Canal Cr 6,702,000 $ - $ - $ - $ 6,702,000 $ 100 Unallocated Offsite Levies Collected to Dec 31, 2016 - $ - $ - $ - $ - $ 258,304,226 $ 6,094,495 $ 294,529 $ - $ 251,915,202 $ City of Chestermere Offsite Levy Rates Update D3. Transportation Infrastructure Staging The timing of construction is used to determine the impact of inflation on cost, the impact of forecast reserve balances, and the estimate of financial oversizing (described in the Section that follows). The City anticipates construction of offsite infrastructure as outlined in the table below. Note, if this schedule is adjusted in the future, it will be reflected in one of the annual rate/bylaw updates. Transportation Infrastructure Staging Item Project Description Construction Start Year 1 Rainbow Rd Twinning - Chestermere Blvd to Merganser Drive West 2006 2 Rainbow Rd 2 lane rural to 2 lane urban at Goodacre location 2012 3 Rainbow Rd Tie in and Signalization at Chestermere Blvd 2014 4 Project removed and cost estimate added to Item 10 5 TWP Rd 240 2 lane rural to 2 lane urban (Phase 1,2,3) Rainbow Rd to East City boundary (includes 1 cannal crossing) 2019 6 Rainbow Rd 2 lane rural to 2 lane urban Western Headworks cannal crossing to TVVP Rd 240 (includes rail crossing upgrade) 2036 7 Rainbow Rd 2 lane rural bridge to 2 lane urban bridge (Western Headworks crossing) 2024 8 Project removed and cost estimate added to Item 6 9 Chestermere Blvd 2 lane rural to 4 lane rural Range Rd 284 to Rainbow Rd (potential for 2 lane urban included in scope) 2026 10 Rainbow Rd 2 lane urban to 4 lane urban Merganser Drive West to Waterford Blvd 2024 11 Rainbow Rd 2 lane urban to 4 lane urban Waterford Blvd to TWP Rd 240 2035 12 Chestermere Blvd 2 lane urban to 4 lane urban bridge over Chestermere Lake 2030 13 Rainbow Rd 2 lane rural to 2 lane urban Windermere Drive to Highway 1 2033 14 Highway 1 & Rainbow Rd interchange (50% of half diamond) 2056 15 Project Removed 16 Project Removed 17 Project Removed 18 Highway 1 & Highway 791 1 interchange (1/4 share) 2051 19 Project Removed 20 Project removed and cost estimate added to Item 19 & 30 21 Project Removed Page 144 City of Chestermere Offsite Levy Rates Update Page | 44 D3. Transportation Infrastructure Staging The timing of construction is used to determine the impact of inflation on cost, the impact of forecast reserve balances, and the estimate of financial oversizing (described in the Section that follows). The City anticipates construction of offsite infrastructure as outlined in the table below. Note, if this schedule is adjusted in the future, it will be reflected in one of the annual rate/bylaw updates. Transportation Infrastructure Staging Item Project Description Construction Start Year 1 Rainbow Rd Twinning - Chestermere Blvd to Merganser Drive West 2006 2 Rainbow Rd 2 lane rural to 2 lane urban at Goodacre location 2012 3 Rainbow Rd Tie in and Signalization at Chestermere Blvd 2014 4 Project removed and cost estimate added to Item 10 5 TWP Rd 240 2 lane rural to 2 lane urban (Phase 1,2,3) Rainbow Rd to East City boundary (includes 1 cannal crossing) 2019 6 Rainbow Rd 2 lane rural to 2 lane urban Western Headworks cannal crossing to TWP Rd 240 (includes rail crossing upgrade) 2036 7 Rainbow Rd 2 lane rural bridge to 2 lane urban bridge (Western Headworks crossing) 2024 8 Project removed and cost estimate added to Item 6 9 Chestermere Blvd 2 lane rural to 4 lane rural Range Rd 284 to Rainbow Rd (potential for 2 lane urban included in scope) 2026 10 Rainbow Rd 2 lane urban to 4 lane urban Merganser Drive West to Waterford Blvd 2024 11 Rainbow Rd 2 lane urban to 4 lane urban Waterford Blvd to TWP Rd 240 2035 12 Chestermere Blvd 2 lane urban to 4 lane urban bridge over Chestermere Lake 2030 13 Rainbow Rd 2 lane rural to 2 lane urban Windermere Drive to Highway 1 2033 14 Highway 1 & Rainbow Rd interchange (50% of half diamond) 2056 15 Project Removed 16 Project Removed 17 Project Removed 18 Highway 1 & Highway 791 1 interchange (1/4 share) 2051 19 Project Removed 20 Project removed and cost estimate added to Item 19 & 30 21 Project Removed City of Chestermere Offsite Levy Rates Update 22 71/VP Rd 240 2 lane rural to 2 lane urban (Phase 4) Rainbow Rd to West City boundary (includes 1 cannel crossing and 1 rail crossing) 2034 23 Rainbow Rd 2 lane urban to 4 lane urban Highway 1 to Windermere Drive 2037 24 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Chelsea Parade 2029 25 Range Rd 284 2 lane rural to 2 lane urban 71/VP Rd 240 to AltaLink ROW 2038 26 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Memorial Drive/Windermere Drive 2041 27 Project Removed 1 28 Highway 1 & Range Rd 284 interchange (1/4 share) 2047 29 Chestermere Blvd 2 lane rural to 4 lane rural Rainbow Rd to Highway 1 (potential for 2 lane urban included in scope) 2032 30 Project Removed I 31 Rainbow Rd 2 lane urban bridge to 4 lane urban bridge (Western Headworks crossing) 2035 32 Rainbow Rd 2 lane urban to 4 lane urban Chestermere Blvd to Windermere Drive 2037 33 Range Rd 284 2 lane rural to 2 lane urban Chelsea Parade to AltaLink ROW 2048 34 Chestermere Blvd 4 lane rural to 4 lane urban Rainbow Rd to Marina Drive Phase 2 2032 35 Chestermere Blvd 4 lane rural to 4 lane urban Marina Drive to West Chestermere Dr 2031 36 Range Road 281, TWP Road 241A to 71/VP Road 240 2036 37 Township Road 240, Railroad Crossing to Western Headworks Canal Including Crossings, 2- lane urban 2034 38 Township Road 240, Railroad Crossing to Western Headworks Canal to Rainbow Road 2034 39 Range Road 281, TWP Road 241A to 71/VP Road 240 Canal Crossing Bridge 2036 *The share of projects beyond the 25-year review period are not included in rates today (see financial oversizing in next section). **Costs are inflated to the year of construction using an inflation rate of 2.9% for the next year, and 2.9% thereafter. D4. Transportation Offsite Infrastructure Benefiting Parties The transportation offsite infrastructure previously outlined will benefit various parties to varying degrees as determined by the City's staff and engineering advisors. The potential benefiting parties include: - City of Chestermere - that portion of cost which is required to service existing residents. - Other Stakeholders - other parties (such as neighboring municipalities) that benefit from the infrastructure.* - City of Chestermere Future Development (Financial Oversizing) - that portion of cost which benefits future development beyond the 25-year review period. - City of Chestermere Future Development (in Rates) - all growth-related infrastructure (i.e., leviable transportation infrastructure costs) during the 25-year rate planning period. The table below outlines the allocation of transportation offsite levy infrastructure costs to benefiting parties. Project allocations were determined by City staff. Page 145 City of Chestermere Offsite Levy Rates Update Page | 45 *The share of projects beyond the 25-year review period are not included in rates today (see financial oversizing in next section). **Costs are inflated to the year of construction using an inflation rate of 2.9% for the next year, and 2.9% thereafter. D4. Transportation Offsite Infrastructure Benefiting Parties The transportation offsite infrastructure previously outlined will benefit various parties to varying degrees as determined by the City's staff and engineering advisors. The potential benefiting parties include:  City of Chestermere - that portion of cost which is required to service existing residents.  Other Stakeholders - other parties (such as neighboring municipalities) that benefit from the infrastructure.*  City of Chestermere Future Development (Financial Oversizing) - that portion of cost which benefits future development beyond the 25-year review period.  City of Chestermere Future Development (in Rates) - all growth-related infrastructure (i.e., leviable transportation infrastructure costs) during the 25-year rate planning period. The table below outlines the allocation of transportation offsite levy infrastructure costs to benefiting parties. Project allocations were determined by City staff. 22 TWP Rd 240 2 lane rural to 2 lane urban (Phase 4) Rainbow Rd to West City boundary (includes 1 cannal crossing and 1 rail crossing) 2034 23 Rainbow Rd 2 lane urban to 4 lane urban Highway 1 to Windermere Drive 2037 24 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Chelsea Parade 2029 25 Range Rd 284 2 lane rural to 2 lane urban TWP Rd 240 to AltaLink ROW 2038 26 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Memorial Drive/Windermere Drive 2041 27 Project Removed 28 Highway 1 & Range Rd 284 interchange (1/4 share) 2047 29 Chestermere Blvd 2 lane rural to 4 lane rural Rainbow Rd to Highway 1 (potential for 2 lane urban included in scope) 2032 30 Project Removed 31 Rainbow Rd 2 lane urban bridge to 4 lane urban bridge (Western Headworks crossing) 2035 32 Rainbow Rd 2 lane urban to 4 lane urban Chestermere Blvd to Windermere Drive 2037 33 Range Rd 284 2 lane rural to 2 lane urban Chelsea Parade to AltaLink ROW 2048 34 Chestermere Blvd 4 lane rural to 4 lane urban Rainbow Rd to Marina Drive Phase 2 2032 35 Chestermere Blvd 4 lane rural to 4 lane urban Marina Drive to West Chestermere Dr 2031 36 Range Road 281, TWP Road 241A to TWP Road 240 2036 37 Township Road 240, Railroad Crossing to Western Headworks Canal Including Crossings, 2- lane urban 2034 38 Township Road 240, Railroad Crossing to Western Headworks Canal to Rainbow Road 2034 39 Range Road 281, TWP Road 241A to TWP Road 240 Canal Crossing Bridge 2036 City of Chestermere Offsite Levy Rates Update *Other Stakeholder share removed from total project cost and is not included in the offsite levy model Allocation of Transportation Infrastructure to Benefiting Parties Item Project Description Reduced Project Cost ... Muni Share % Other Stakeholder Share Developer Share Beyond 25 Yrs (Financial Oversizing %) 0SL I Developer Share % 1 Rainbow Rd Twinning - Chestermere Blvd to Merganser Drive West $ 1,045,273 0.0% 100.0% 2 Rainbow Rd 2 lane rural to 2 lane urban at Goodacre location $ 581,327 0.0% 100.0% 3 Rainbow Rd Tie in and Signalization at Chesteimere Blvd $ 570,000 0.0% 100.0% 4 Project removed and cost estimate added to Item 10 $ 0.0% 100.0% 5 TWP Rd 240 2 lane rural to 2 lane urban (Phase 1,2,3) Rainbow Rd to East City boundary (includes 1 cannal crossing) $ 5,340,199 0.0% 100.0% 6 Rainbow Rd 2 lane rural to 2 lane urban Western Headworks cannal crossing to TWP Rd 240 (includes rail crossing upgrade) $ 9,896,000 40.0% 60.0% 7 Rainbow Rd 2 lane rural bridge to 2 lane urban bridge (Western Headworks crossing) $ 6,428,343 50.0% 0.0% 50.0% 8 Project removed and cost estimate added to Item 6 $ 0.0% 100.0% 9 Chestermere Blvd 2 lane rural to 4 lane rural Range Rd 284 to Rainbow Rd (potential for 2 lane urban included in scope) $ 14,733,950 0.0% 100.0% 10 Rainbow Rd 2 lane urban to 4 lane urban Merganser Drive West to Waterford Blvd $ 7,842,210 0.0% 100.0% 11 Rainbow Rd 2 lane urban to 4 lane urban Waterford Blvd to TWP Rd 240 $ 4,273,000 36.0% 64.0% 12 Chestermere Blvd 2 lane urban to 4 lane urban bridge over Chestermere Lake $ 33,571,400 75.0% 4.0% 21.0% 13 Rainbow Rd 2 lane rural to 2 lane urban Windermere Drive to Highway 1 $ 11,752,000 28.0% 72.0% 14 Highway 1 & Rainbow Rd interchange (50% of half diamond) $ 10,029,800 100.0% 0.0% 15 Project Removed 1 $ 0.0% 100.0% 16 Project Removed 1 $ 0.0% 100.0% 17 Project Removed $ 0.0% 100.0% 18 Highway 1 & Highway 791 1 interchange (1/4 share) $ 47,349,500 100.0% 0.0% 19 Project Removed 1 $ 0.0% 100.0% 20 Project removed and cost estimate added to Item 19 & 30 $ 0.0% 100.0% 21 Project Removed $ 0.0% 100.0% 22 TWP Rd 240 2 lane rural to 2 lane urban (Phase 4) Rainbow Rd to West City boundary (includes 1 cannal crossing and 1 rail crossing) $ 5,398,000 32.0% 68.0% 23 Rainbow Rd 2 lane urban to 4 lane urban Highway 1 to Windermere Drive $ 6,587,900 44.0% 56.0% 24 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Chelsea Parade $ 6,226,000 12.0% 88.0% 25 Range Rd 284 2 lane rural to 2 lane urban TWP Rd 240 to AltaLink ROW $ 9,050,800 48.0% 52.0% 26 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Memorial Drive/Windermere Drive $ 9,763,600 60.0% 40.0% 27 Project Removed 1 $ 0.0% 100.0% 28 Highway 1 & Range Rd 284 interchange (1/4 share) $ 18,301,800 84.0% 16.0% Page 146 City of Chestermere Offsite Levy Rates Update Page | 46 *Other Stakeholder share removed from total project cost and is not included in the offsite levy model Allocation of Transportation Infrastructure to Benefiting Parties Item Project Description Reduced Project Cost Muni Share % Other Stakeholder Share Developer Share Beyond 25 Yrs (Financial Oversizing %) OSL / Developer Share % 1 Rainbow Rd Twinning - Chestermere Blvd to Merganser Drive West 1,045,273 $ 0.0% 100.0% 2 Rainbow Rd 2 lane rural to 2 lane urban at Goodacre location 581,327 $ 0.0% 100.0% 3 Rainbow Rd Tie in and Signalization at Chestermere Blvd 570,000 $ 0.0% 100.0% 4 Project removed and cost estimate added to Item 10 - $ 0.0% 100.0% 5 TWP Rd 240 2 lane rural to 2 lane urban (Phase 1,2,3) Rainbow Rd to East City boundary (includes 1 cannal crossing) 5,340,199 $ 0.0% 100.0% 6 Rainbow Rd 2 lane rural to 2 lane urban Western Headworks cannal crossing to TWP Rd 240 (includes rail crossing upgrade) 9,896,000 $ 40.0% 60.0% 7 Rainbow Rd 2 lane rural bridge to 2 lane urban bridge (Western Headworks crossing) 6,428,343 $ 50.0% 0.0% 50.0% 8 Project removed and cost estimate added to Item 6 - $ 0.0% 100.0% 9 Chestermere Blvd 2 lane rural to 4 lane rural Range Rd 284 to Rainbow Rd (potential for 2 lane urban included in scope) 14,733,950 $ 0.0% 100.0% 10 Rainbow Rd 2 lane urban to 4 lane urban Merganser Drive West to Waterford Blvd 7,842,210 $ 0.0% 100.0% 11 Rainbow Rd 2 lane urban to 4 lane urban Waterford Blvd to TWP Rd 240 4,273,000 $ 36.0% 64.0% 12 Chestermere Blvd 2 lane urban to 4 lane urban bridge over Chestermere Lake 33,571,400 $ 75.0% 4.0% 21.0% 13 Rainbow Rd 2 lane rural to 2 lane urban Windermere Drive to Highway 1 11,752,000 $ 28.0% 72.0% 14 Highway 1 & Rainbow Rd interchange (50% of half diamond) 10,029,800 $ 100.0% 0.0% 15 Project Removed - $ 0.0% 100.0% 16 Project Removed - $ 0.0% 100.0% 17 Project Removed - $ 0.0% 100.0% 18 Highway 1 & Highway 791 1 interchange (1/4 share) 47,349,500 $ 100.0% 0.0% 19 Project Removed - $ 0.0% 100.0% 20 Project removed and cost estimate added to Item 19 & 30 - $ 0.0% 100.0% 21 Project Removed - $ 0.0% 100.0% 22 TWP Rd 240 2 lane rural to 2 lane urban (Phase 4) Rainbow Rd to West City boundary (includes 1 cannal crossing and 1 rail crossing) 5,398,000 $ 32.0% 68.0% 23 Rainbow Rd 2 lane urban to 4 lane urban Highway 1 to Windermere Drive 6,587,900 $ 44.0% 56.0% 24 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Chelsea Parade 6,226,000 $ 12.0% 88.0% 25 Range Rd 284 2 lane rural to 2 lane urban TWP Rd 240 to AltaLink ROW 9,050,800 $ 48.0% 52.0% 26 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Memorial Drive/Windermere Drive 9,763,600 $ 60.0% 40.0% 27 Project Removed - $ 0.0% 100.0% 28 Highway 1 & Range Rd 284 interchange (1/4 share) 18,301,800 $ 84.0% 16.0% City of Chestermere Offsite Levy Rates Update Item Project Description Reduced Project Cost Muni Share % NEM Other Stakeholder Share Developer Share Beyond 25 Yrs (Financial Oversizing %) OSL I Developer Share 29 Chestermere Blvd 2 lane rural to 4 lane rural Rainbow Rd to Highway 1 (potential for 2 lane urban included in scope) $ 1,788,000 24.0% 76.0% 30 Project Removed ' $ - 0.0% 100.0% 31 Rainbow Rd 2 lane urban bridge to 4 lane urban bridge (Western Headworks crossing) $ 6,173,000 36.0% 64.0% 32 Rainbow Rd 2 lane urban to 4 lane urban Chestermere Blvd to Windermere Drive $ 5,360,300 44.0% 56.0% 33 Range Rd 284 2 lane rural to 2 lane urban Chelsea Parade to , $ 3,088,800 88.0% 12.0% 34 Chestermere Blvd 4 lane rural to 4 lane urban Rainbow Rd to P $ 6,255,000 24.0% 76.0% 35 Chestermere Blvd 4 lane rural to 4 lane urban Marina Drive to , $ 5,187,000 20.0% 80.0% 36 Range Road 281, 1WP Road 241A to 1WP Road 240 $ 5,003,000 40.0% 60.0% 37 Township Road 240, Railroad Crossing to Western Headworks $ 2,087,000 32.0% 68.0% 38 Township Road 240, Railroad Crossing to Western Headworks $ 1,530,000 32.0% 68.0% 39 Range Road 281, 1WP Road 241A to 1WP Road 240 Canal C $ 6,702,000 40.0% 60.0% 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ - 0.0% 100.0% $ 251,915,202 *Allocations to future development (vs municipal share etc.) were determined by City staff and their engineering/consulting advisors. **Financial oversizing is determined by separating out the pro rata portion of developer cost beyond the 25-year review period, in comparison with the anticipated year of construction. As the years move forward and rates are updated, these additional developer costs will be included in rate calculations. For example, a project which is slated to be constructed in year 20 of the 25-year review period will have 20% (5/25) of its costs in rates today, and 80% (20/25) of its costs will sit beyond the 25-year review period. D5. Existing Receipts & Adjusted Levy Cost Using the offsite levy share percentages shown in the previous section and applying those percentages to project costs results in an offsite levy cost of approximately $108.96 million. However, prior to allocating these costs to benefiting areas, existing offsite levy receipts collected from developers need to be considered in determining the residual/net costs to developers. The City has collected $31.26 million ($4.93 million + $26.3 million) in offsite levies to date, and results in an adjusted offsite levy cost of approximately $77.70 million. Page 147 City of Chestermere Offsite Levy Rates Update Page | 47 *Allocations to future development (vs municipal share etc.) were determined by City staff and their engineering/consulting advisors. **Financial oversizing is determined by separating out the pro rata portion of developer cost beyond the 25-year review period, in comparison with the anticipated year of construction. As the years move forward and rates are updated, these additional developer costs will be included in rate calculations. For example, a project which is slated to be constructed in year 20 of the 25-year review period will have 20% (5/25) of its costs in rates today, and 80% (20/25) of its costs will sit beyond the 25-year review period. D5. Existing Receipts & Adjusted Levy Cost Using the offsite levy share percentages shown in the previous section and applying those percentages to project costs results in an offsite levy cost of approximately $108.96 million. However, prior to allocating these costs to benefiting areas, existing offsite levy receipts collected from developers need to be considered in determining the residual/net costs to developers. The City has collected $31.26 million ($4.93 million + $26.3 million) in offsite levies to date, and results in an adjusted offsite levy cost of approximately $77.70 million. Item Project Description Reduced Project Cost Muni Share % Other Stakeholder Share Developer Share Beyond 25 Yrs (Financial Oversizing %) OSL / Developer Share % 29 Chestermere Blvd 2 lane rural to 4 lane rural Rainbow Rd to Highway 1 (potential for 2 lane urban included in scope) 1,788,000 $ 24.0% 76.0% 30 Project Removed - $ 0.0% 100.0% 31 Rainbow Rd 2 lane urban bridge to 4 lane urban bridge (Western Headworks crossing) 6,173,000 $ 36.0% 64.0% 32 Rainbow Rd 2 lane urban to 4 lane urban Chestermere Blvd to Windermere Drive 5,360,300 $ 44.0% 56.0% 33 Range Rd 284 2 lane rural to 2 lane urban Chelsea Parade to A 3,088,800 $ 88.0% 12.0% 34 Chestermere Blvd 4 lane rural to 4 lane urban Rainbow Rd to M 6,255,000 $ 24.0% 76.0% 35 Chestermere Blvd 4 lane rural to 4 lane urban Marina Drive to W 5,187,000 $ 20.0% 80.0% 36 Range Road 281, TWP Road 241A to TWP Road 240 5,003,000 $ 40.0% 60.0% 37 Township Road 240, Railroad Crossing to Western Headworks 2,087,000 $ 32.0% 68.0% 38 Township Road 240, Railroad Crossing to Western Headworks 1,530,000 $ 32.0% 68.0% 39 Range Road 281, TWP Road 241A to TWP Road 240 Canal C 6,702,000 $ 40.0% 60.0% 100 Unallocated Offsite Levies Collected to Dec 31, 2016 - $ 0.0% 100.0% 251,915,202 $ City of Chestermere Offsite Levy Rates Update Offsite Levy Funds Collected to Date & Adjusted Levy Cost Item Project Description OSL I Developer Cost Offsite Levy Funds Collected to Dec 31, 2016 Offsite Levy Funds Collected Starting Jan 1, 2017 Adjusted Developer (Levy) Cost 1 Rainbow Rd Twinning - Chestermere Blvd to Merganser Drive West $ 1,045,273 $ 1,044,741 $ 172 $ 360 2 Rainbow Rd 2 lane rural to 2 lane urban at Goodacre location $ 581,327 $ 581,327 $ $ 3 Rainbow Rd Tie in and Signalization at Chestermere Blvd $ 570,000 $ 444,000 $ 40,617 $ 85,383 4 Project removed and cost estimate added to Item 10 $ $ $ 279 $ (279) 5 TWP Rd 240 2 lane rural to 2 lane urban (Phase 1,2,3) Rainbow Rd to East City boundary (includes 1 cannal crossing) $ 5,340,199 $ 150,730 $ 1,404,911 $ 3,784,558 6 Rainbow Rd 2 lane rural to 2 lane urban Western Headworks cannal crossing to TWP Rd 240 (includes rail crossing upgrade) $ 5,937,600 $ $ 1,411,797 $ 4,525,803 7 Rainbow Rd 2 lane rural bridge to 2 lane urban bridge (Western Headworks crossing) $ 3,214,172 $ $ 855,593 $ 2,358,579 8 Project removed and cost estimate added to Item 6 $ $ $ 2,073 $ (2,073) 9 Chestermere Blvd 2 lane rural to 4 lane rural Range Rd 284 to Rainbow Rd (potential for 2 lane urban included in scope) $ 14,733,950 $ $ 4,155,129 $ 10,578,821 10 Rainbow Rd 2 lane urban to 4 lane urban Merganser Drive West to Waterford Blvd $ 7,842,210 $ $ 2,133,460 $ 5,708,750 11 Rainbow Rd 2 lane urban to 4 lane urban Waterford Blvd to TWP Rd 240 $ 2,734,720 $ $ 587,528 $ 2,147,192 12 Chestermere Blvd 2 lane urban to 4 lane urban bridge over Chestermere Lake $ 7,049,994 $ $ 1,392,272 $ 5,657,722 13 Rainbow Rd 2 lane rural to 2 lane urban Windermere Drive to Highway 1 $ 8,461,440 $ $ 1,712,850 $ 6,748,590 14 Highway 1 & Rainbow Rd interchange (50% of half diamond) $ $ $ 160,471 $ (160,471) 15 Project Removed 1 $ $ $ 67,013 $ (67,013) 16 Project Removed .4 $ $ $ 31,995 $ (31,995) 17 Project Removed $ $ $ 3,390 $ (3,390) 18 Highway 1 & Highway 791 1 interchange (1/4 share) $ $ $ 46,065 $ (46,065) 19 Project Removed "i $ $ $ 352,353 $ (352,353) 20 Project removed and cost estimate added to Item 19 & 30 $ $ $ 691 $ (691) 21 Project Removed $ $ $ 2,764 $ (2,764) 22 TWP Rd 240 2 lane rural to 2 lane urban (Phase 4) Rainbow Rd to West City boundary (includes 1 cannal crossing and 1 rail crossing) $ 3,670,640 $ $ 1,327,275 $ 2,343,365 23 Rainbow Rd 2 lane urban to 4 lane urban Highway 1 to Windermere Drive $ 3,689,224 $ $ 404,505 $ 3,284,719 24 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Chelsea Parade $ 5,478,880 $ $ 1,413,891 $ 4,064,989 25 Range Rd 284 2 lane rural to 2 lane urban TWP Rd 240 to AltaLink ROW $ 4,706,416 $ $ 959,121 $ 3,747,295 26 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Memorial Drive/Windermere Drive $ 3,905,440 $ $ 773,561 $ 3,131,879 27 Project Removed I $ $ $ 284,030 $ (284,030) 28 Highway 1 & Range Rd 284 interchange (1/4 share) $ 2,928,288 $ $ 329,103 $ 2,599,185 29 Chestermere Blvd 2 lane rural to 4 lane rural Rainbow Rd to Highway 1 (potential for 2 lane urban included in scope) $ 1,358,880 $ $ 1,147,822 $ 211,058 30 Project Removed 1 $ $ $ 619,209 $ (619,209) 31 Rainbow Rd 2 lane urban bridge to 4 lane urban bridge (Western Headworks crossing) $ 3,950,720 $ $ 644,664 $ 3,306,056 32 Rainbow Rd 2 lane urban to 4 lane urban Chestermere Blvd to Windermere Drive $ 3,001,768 $ $ 1,350,417 $ 1,651,351 33 Range Rd 284 2 lane rural to 2 lane urban Chelsea Parade to AltaLink ROW $ 370,656 $ $ 601,379 $ (230,723) 34 Chestermere Blvd 4 lane rural to 4 lane urban Rainbow Rd to Marina Drive Phase 2 $ 4,753,800 $ $ 475,049 $ 4,278,751 35 Chestermere Blvd 4 lane rural to 4 lane urban Marina Drive to West Chestermere Dr $ 4,149,600 $ $ 513,223 $ 3,636,377 36 Range Road 281, TWP Road 241A to TWP Road 240 $ 3,001,800 $ $ 363,915 $ 2,637,885 37 Township Road 240, Railroad Crossing to Western Headworks Canal Including Crossings, 2- lane urban $ 1,419,160 $ $ 176,625 $ 1,242,535 38 Township Road 240, Railroad Crossing to Western Headworks Canal to Rainbow Road $ 1,040,400 $ $ 103,773 $ 936,627 39 Range Road 281, TWP Road 241A to TWP Road 240 Canal Crossing Bridge $ 4,021,200 $ $ 487,544 $ 3,533,656 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ $ 2,704,322 $ $ (2,704,322) $ 108,957,756 $ 4,925,120 $ 26,336,529 $ 77,696,108 Page 148 City of Chestermere Offsite Levy Rates Update Page | 48 Offsite Levy Funds Collected to Date & Adjusted Levy Cost Item Project Description OSL / Developer Cost Offsite Levy Funds Collected to Dec 31, 2016 Offsite Levy Funds Collected Starting Jan 1, 2017 Adjusted Developer (Levy) Cost 1 Rainbow Rd Twinning - Chestermere Blvd to Merganser Drive West 1,045,273 $ 1,044,741 $ 172 $ 360 $ 2 Rainbow Rd 2 lane rural to 2 lane urban at Goodacre location 581,327 $ 581,327 $ - $ - $ 3 Rainbow Rd Tie in and Signalization at Chestermere Blvd 570,000 $ 444,000 $ 40,617 $ 85,383 $ 4 Project removed and cost estimate added to Item 10 - $ - $ 279 $ (279) $ 5 TWP Rd 240 2 lane rural to 2 lane urban (Phase 1,2,3) Rainbow Rd to East City boundary (includes 1 cannal crossing) 5,340,199 $ 150,730 $ 1,404,911 $ 3,784,558 $ 6 Rainbow Rd 2 lane rural to 2 lane urban Western Headworks cannal crossing to TWP Rd 240 (includes rail crossing upgrade) 5,937,600 $ - $ 1,411,797 $ 4,525,803 $ 7 Rainbow Rd 2 lane rural bridge to 2 lane urban bridge (Western Headworks crossing) 3,214,172 $ - $ 855,593 $ 2,358,579 $ 8 Project removed and cost estimate added to Item 6 - $ - $ 2,073 $ (2,073) $ 9 Chestermere Blvd 2 lane rural to 4 lane rural Range Rd 284 to Rainbow Rd (potential for 2 lane urban included in scope) 14,733,950 $ - $ 4,155,129 $ 10,578,821 $ 10 Rainbow Rd 2 lane urban to 4 lane urban Merganser Drive West to Waterford Blvd 7,842,210 $ - $ 2,133,460 $ 5,708,750 $ 11 Rainbow Rd 2 lane urban to 4 lane urban Waterford Blvd to TWP Rd 240 2,734,720 $ - $ 587,528 $ 2,147,192 $ 12 Chestermere Blvd 2 lane urban to 4 lane urban bridge over Chestermere Lake 7,049,994 $ - $ 1,392,272 $ 5,657,722 $ 13 Rainbow Rd 2 lane rural to 2 lane urban Windermere Drive to Highway 1 8,461,440 $ - $ 1,712,850 $ 6,748,590 $ 14 Highway 1 & Rainbow Rd interchange (50% of half diamond) - $ - $ 160,471 $ (160,471) $ 15 Project Removed - $ - $ 67,013 $ (67,013) $ 16 Project Removed - $ - $ 31,995 $ (31,995) $ 17 Project Removed - $ - $ 3,390 $ (3,390) $ 18 Highway 1 & Highway 791 1 interchange (1/4 share) - $ - $ 46,065 $ (46,065) $ 19 Project Removed - $ - $ 352,353 $ (352,353) $ 20 Project removed and cost estimate added to Item 19 & 30 - $ - $ 691 $ (691) $ 21 Project Removed - $ - $ 2,764 $ (2,764) $ 22 TWP Rd 240 2 lane rural to 2 lane urban (Phase 4) Rainbow Rd to West City boundary (includes 1 cannal crossing and 1 rail crossing) 3,670,640 $ - $ 1,327,275 $ 2,343,365 $ 23 Rainbow Rd 2 lane urban to 4 lane urban Highway 1 to Windermere Drive 3,689,224 $ - $ 404,505 $ 3,284,719 $ 24 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Chelsea Parade 5,478,880 $ - $ 1,413,891 $ 4,064,989 $ 25 Range Rd 284 2 lane rural to 2 lane urban TWP Rd 240 to AltaLink ROW 4,706,416 $ - $ 959,121 $ 3,747,295 $ 26 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Memorial Drive/Windermere Drive 3,905,440 $ - $ 773,561 $ 3,131,879 $ 27 Project Removed - $ - $ 284,030 $ (284,030) $ 28 Highway 1 & Range Rd 284 interchange (1/4 share) 2,928,288 $ - $ 329,103 $ 2,599,185 $ 29 Chestermere Blvd 2 lane rural to 4 lane rural Rainbow Rd to Highway 1 (potential for 2 lane urban included in scope) 1,358,880 $ - $ 1,147,822 $ 211,058 $ 30 Project Removed - $ - $ 619,209 $ (619,209) $ 31 Rainbow Rd 2 lane urban bridge to 4 lane urban bridge (Western Headworks crossing) 3,950,720 $ - $ 644,664 $ 3,306,056 $ 32 Rainbow Rd 2 lane urban to 4 lane urban Chestermere Blvd to Windermere Drive 3,001,768 $ - $ 1,350,417 $ 1,651,351 $ 33 Range Rd 284 2 lane rural to 2 lane urban Chelsea Parade to AltaLink ROW 370,656 $ - $ 601,379 $ (230,723) $ 34 Chestermere Blvd 4 lane rural to 4 lane urban Rainbow Rd to Marina Drive Phase 2 4,753,800 $ - $ 475,049 $ 4,278,751 $ 35 Chestermere Blvd 4 lane rural to 4 lane urban Marina Drive to West Chestermere Dr 4,149,600 $ - $ 513,223 $ 3,636,377 $ 36 Range Road 281, TWP Road 241A to TWP Road 240 3,001,800 $ - $ 363,915 $ 2,637,885 $ 37 Township Road 240, Railroad Crossing to Western Headworks Canal Including Crossings, 2- lane urban 1,419,160 $ - $ 176,625 $ 1,242,535 $ 38 Township Road 240, Railroad Crossing to Western Headworks Canal to Rainbow Road 1,040,400 $ - $ 103,773 $ 936,627 $ 39 Range Road 281, TWP Road 241A to TWP Road 240 Canal Crossing Bridge 4,021,200 $ - $ 487,544 $ 3,533,656 $ 100 Unallocated Offsite Levies Collected to Dec 31, 2016 - $ 2,704,322 $ - $ (2,704,322) $ 108,957,756 $ 4,925,120 $ 26,336,529 $ 77,696,108 $ City of Chestermere Offsite Levy Rates Update D6. Summary of Transportation Offsite Levy Cost Flow-through As shown in the figure below, the total cost for transportation infrastructure that forms the basis of the rate is approximately $77.70 million. The cost allocations to each benefitting party are based on the benefitting percentages shown in Section D4. The offsite levy balance (due from developers) is allocated to various benefitting areas (as described in the next section). Total Transportation Offsite Levy Costs = Future Developmen (OSL Share) $108.96M 4 = Future Development "Financial Oversizing" $114.56M Less: Special Project = Project = Other Grants & Costs Contributions Balance Share $258.30M $6.39M $251.92M $0.00M = Existing Developmen (City Share) $28.39 M Page 149 Less: Levy Receipts Applied 31.26M = Off-site Balance* $77.70M City of Chestermere Offsite Levy Rates Update Page | 49 D6. Summary of Transportation Offsite Levy Cost Flow-through As shown in the figure below, the total cost for transportation infrastructure that forms the basis of the rate is approximately $77.70 million. The cost allocations to each benefitting party are based on the benefitting percentages shown in Section D4. The offsite levy balance (due from developers) is allocated to various benefitting areas (as described in the next section). Total Transportation Offsite Levy Costs Project Costs $258.30M Receipts = Future Development (OSL Share) = Existing Development (City Share) = Off-site Balance* $77.70M Less: Special Grants & Contributions $6.39M City of Chestermere Offsite Levy Rates Update D7. Transportation Infrastructure Benefiting Areas Net developer costs for each project have been allocated to multiple benefiting offsite levy area (see tables below). Allocations are denoted with a "1" below applicable area numbers. Benefiting areas were determined by City staff. The lands anticipated to develop over the 25-years in each offsite levy benefitting area are used to determine rates. Benefiting Areas for Transportation Offsite Infrastructure Item Project Description Developer Cost 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 1 Rainbow Rd Twinning - Chestermere Blvd to Merganser Drive West $ 360 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 Rainbow Rd 2 lane rural to 2 lane urban at Goodacre location $ 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 3 Rainbow Rd Tie in and Signalization at Chestermere Blvd $ 85,383 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 4 Project removed and cost estimate added to Rem 10 $ (279) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 5 TWP Rd 240 2 lane rural to 2 lane urban (Phase 1,2,3) Rainbow Rd to East City bounds $ 3,784,558 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 6 Rainbow Rd 2 lane rural to 2 lane urban Western Headworks cannal crossing to TWP R$ 4,525,803 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 7 Rainbow Rd 2 lane rural bridge to 2 lane urban bridge (Western Headworks crossing) $ 2,358,579 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 8 Project removed and cost estimate added to Rem 6 $ (2,073) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 9 Chestermere Blvd 2 lane rural to 4 lane rural Range Rd 284 to Rainbow Rd (potential for $ 10,578,821 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 10 Rainbow Rd 2 lane urban to 4 lane urban Merganser Drive West to Waterford Blvd $ 5,708,750 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 11 Rainbow Rd 2 lane urban to 4 lane urban Waterford Blvd to TWP Rd 240 $ 2,147,192 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 12 Chestermere Blvd 2 lane urban to 4 lane urban bridge over Chestermere Lake $ 5,657,722 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 13 Rainbow Rd 2 lane rural to 2 lane urban Windermere Drive to Highway 1 $ 6,748,590 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 14 Highway 1& Rainbow Rd interchange (50% of half diamond) $ (160,471) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 15 Project Removed $ (67,013) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 16 Project Removed $ (31,995) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 17 Project Removed $ (3,390) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 18 Highway 1& Highway 791 1 interchange (1/4 share) $ (46,065) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 19 Project Removed $ (352,353) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 20 Project removed and cost estimate added to Rem 19 & 30 $ (691) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 21 Project Removed $ (2,764) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 22 TWP Rd 240 2 lane rural to 2 lane urban (Phase 4) Rainbow Rd to West City boundary (includes 1 cannal crossing and 1 rail crossing) $ 2,343,365 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 23 Rainbow Rd 2 lane urban to 4 lane urban Highway 1 to Windermere Drive $ 3,284,719 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 24 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Chelsea Parade $ 4,064,989 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 25 Range Rd 284 2 lane rural to 2 lane urban TWP Rd 240 to AltaLink ROW $ 3,747,295 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 26 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Memorial Drive/Windern $ 3,131,879 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 27 Project Removed $ (284,030) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 28 Highway 1& Range Rd 284 interchange (1/4 share) $ 2,599,185 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 29 Chestermere Blvd 2 lane rural to 4 lane rural Rainbow Rd to Highway 1 (potential for 2 lane urban included in scope) $ 211,058 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 30 Project Removed $ (619,209) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 31 Rainbow Rd 2 lane urban bridge to 4 lane urban bridge (Western Headworks crossing) $ 3,306,056 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 32 Rainbow Rd 2 lane urban to 4 lane urban Chestermere Blvd to Windermere Drive $ 1,651,351 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 33 Range Rd 284 2 lane rural to 2 lane urban Chelsea Parade to AltaLink ROW $ (230,723) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 34 Chestermere Blvd 4 lane rural to 4 lane urban Rainbow Rd to Marina Drive Phase 2 $ 4,278,751 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 35 Chestermere Blvd 4 lane rural to 4 lane urban Marina Drive to West Chestermere Dr $ 3,636,377 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 36 Range Road 281, TWP Road 241A to TWP Road 240 $ 2,637,885 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 37 Township Road 240, Railroad Crossing to Western Headworks Canal Including Crossings, 2-lane urban $ 1,242'535 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 38 Township Road 240, Railroad Crossing to Western Headworks Canal to Rainbow Road $ 936,627 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 39 Range Road 281, TWP Road 241A to TWP Road 240 Canal Crossing Bridge $ 3,533,656 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ (2,704,322) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 $ 77,696,108 Page 150 City of Chestermere Offsite Levy Rates Update Page | 50 D7. Transportation Infrastructure Benefiting Areas Net developer costs for each project have been allocated to multiple benefiting offsite levy area (see tables below). Allocations are denoted with a "1" below applicable area numbers. Benefiting areas were determined by City staff. The lands anticipated to develop over the 25-years in each offsite levy benefitting area are used to determine rates. Benefiting Areas for Transportation Offsite Infrastructure Item Project Description Developer Cost 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 1 Rainbow Rd Twinning - Chestermere Blvd to Merganser Drive West $ 360 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 Rainbow Rd 2 lane rural to 2 lane urban at Goodacre location $ - 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 3 Rainbow Rd Tie in and Signalization at Chestermere Blvd $ 85,383 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 4 Project removed and cost estimate added to Item 10 $ (279) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 5 TWP Rd 240 2 lane rural to 2 lane urban (Phase 1,2,3) Rainbow Rd to East City bounda $ 3,784,558 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 6 Rainbow Rd 2 lane rural to 2 lane urban Western Headworks cannal crossing to TWP R $ 4,525,803 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 7 Rainbow Rd 2 lane rural bridge to 2 lane urban bridge (Western Headworks crossing) $ 2,358,579 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 8 Project removed and cost estimate added to Item 6 $ (2,073) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 9 Chestermere Blvd 2 lane rural to 4 lane rural Range Rd 284 to Rainbow Rd (potential for $ 10,578,821 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 10 Rainbow Rd 2 lane urban to 4 lane urban Merganser Drive West to Waterford Blvd $ 5,708,750 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 11 Rainbow Rd 2 lane urban to 4 lane urban Waterford Blvd to TWP Rd 240 $ 2,147,192 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 12 Chestermere Blvd 2 lane urban to 4 lane urban bridge over Chestermere Lake $ 5,657,722 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 13 Rainbow Rd 2 lane rural to 2 lane urban Windermere Drive to Highway 1 $ 6,748,590 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 14 Highway 1 & Rainbow Rd interchange (50% of half diamond) $ (160,471) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 15 Project Removed $ (67,013) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 16 Project Removed $ (31,995) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 17 Project Removed $ (3,390) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 18 Highway 1 & Highway 791 1 interchange (1/4 share) $ (46,065) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 19 Project Removed $ (352,353) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 20 Project removed and cost estimate added to Item 19 & 30 $ (691) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 21 Project Removed $ (2,764) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 22 TWP Rd 240 2 lane rural to 2 lane urban (Phase 4) Rainbow Rd to West City boundary (includes 1 cannal crossing and 1 rail crossing) $ 2,343,365 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 23 Rainbow Rd 2 lane urban to 4 lane urban Highway 1 to Windermere Drive $ 3,284,719 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 24 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Chelsea Parade $ 4,064,989 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 25 Range Rd 284 2 lane rural to 2 lane urban TWP Rd 240 to AltaLink ROW $ 3,747,295 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 26 Range Rd 284 2 lane rural to 2 lane urban Chestermere Blvd to Memorial Drive/Winderm $ 3,131,879 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 27 Project Removed $ (284,030) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 28 Highway 1 & Range Rd 284 interchange (1/4 share) $ 2,599,185 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 29 Chestermere Blvd 2 lane rural to 4 lane rural Rainbow Rd to Highway 1 (potential for 2 lane urban included in scope) $ 211,058 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 30 Project Removed $ (619,209) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 31 Rainbow Rd 2 lane urban bridge to 4 lane urban bridge (Western Headworks crossing) $ 3,306,056 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 32 Rainbow Rd 2 lane urban to 4 lane urban Chestermere Blvd to Windermere Drive $ 1,651,351 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 33 Range Rd 284 2 lane rural to 2 lane urban Chelsea Parade to AltaLink ROW $ (230,723) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 34 Chestermere Blvd 4 lane rural to 4 lane urban Rainbow Rd to Marina Drive Phase 2 $ 4,278,751 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 35 Chestermere Blvd 4 lane rural to 4 lane urban Marina Drive to West Chestermere Dr $ 3,636,377 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 36 Range Road 281, TWP Road 241A to TWP Road 240 $ 2,637,885 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 37 Township Road 240, Railroad Crossing to Western Headworks Canal Including Crossings, 2-lane urban $ 1,242,535 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 38 Township Road 240, Railroad Crossing to Western Headworks Canal to Rainbow Road $ 936,627 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 39 Range Road 281, TWP Road 241A to TWP Road 240 Canal Crossing Bridge $ 3,533,656 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ (2,704,322) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 77,696,108 $ City of Chestermere Offsite Levy Rates Update D8. Reserve Balance The balance of the City's transportation reserve at December 31st, 2025 is $9,369,969.79. This updated balance takes into consideration public facilities fees collected and transferred to the recreation account, and expenditures up to end-2025. Transportation Offsite Levy Reserve Balance Description Dr Cr Balance Offsite Levy Expenditures to December 31, 2016 $ 2,221,329.74 $ (2,221,329.74) Offsite Levy Receipt Allocations to December 31, 2016 $ 2,220,798.53 $ (531.21) Debenture Interest Expenditure to December 31, 2016 $ - $ (531.21) Unallocated Receipts to December 31, 2016 $ 2,704,321.55 $ 2,703,790.34 Opening Balance 2017 $ 2,703,790.34 Interest on Opening Balance $ 27,037.90 $ 2,730,828.24 Project Expenditures (OSL Share) As Reflected by City " $ 3,298,011.83 $ (567,183.59) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City 1 $ (143,227.94) $ (423,955.65) Offsite Levy Receipts $ 84,552.03 $ (339,403.62) Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) . $ - $ (339,403.62) Debenture Interest Expenditure $ - $ (339,403.62) Interest on Project Expenditure $ 23,660.88 $ (363,064.50) Interest on Offsite Levy Receipts $ 422.761 $ (362,641.74) Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - . $ (362,641.74) Interest on Debenture Expenditure $ - 1 $ (362,641.74) 2018 $ (362,641.74) Interest on Opening Balance $ 11,241.891 $ (373,883.63) Project Expenditures (OSL Share) As Reflected by City . $ 708,001.901 $ (1,081,885.53) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City 1 $ 18,788.10 $ (1,100,673.63) Offsite Levy Receipts $ 184,398.64 $ (916,274.99) Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) " $ - $ (916,274.99) Debenture Interest Expenditure $ - $ (916,274.99) Interest on Project Expenditure $ 5,632.62 $ (921,907.61) Interest on Offsite Levy Receipts $ 1,843.99 $ (920,063.63) Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ (920,063.63) Interest on Debenture Expenditure $ - $ (920,063.63) 2019 $ (920,063.63) Interest on Opening Balance $ 28,521.97 $ (948,585.60) Project Expenditures (OSL Share) As Reflected by City $ 1,678,261.16 $ (2,626,846.76) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ 35,185.42 $ (2,662,032.18) Offsite Levy Receipts $ 333,135.66 $ (2,328,896.52) Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) " $ - $ (2,328,896.52) Debenture Interest Expenditure $ - 1 $ (2,328,896.52) Interest on Project Expenditure $ 13,279.211 $ (2,342,175.73) Interest on Offsite Levy Receipts $ 3,331.36 $ (2,338,844.37) Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ (2,338,844.37) Interest on Debenture Expenditure $ - $ (2,338,844.37) 2020 $ (2,338,844.37) Interest on Opening Balance $ 72,504.18 $ (2,411,348.55) Project Expenditures (OSL Share) As Reflected by City . $ 208,769.05 $ (2,620,117.60) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City 1 $ (0.05) $ (2,620,117.55) Offsite Levy Receipts $ 1,442,110.57 $ (1,178,006.98) Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) . $ - 96691.73 $ (1,274,698.71) Interest on Project Expenditure $ 1,617.961 $ (1,276,316.67) Interest on Offsite Levy Receipts $ 14,421.11 $ (1,261,895.56) Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ (1,261,895.56) $ 2,703,790.34 Page 151 City of Chestermere Offsite Levy Rates Update Page | 51 D8. Reserve Balance The balance of the City's transportation reserve at December 31st, 2025 is $9,369,969.79. This updated balance takes into consideration public facilities fees collected and transferred to the recreation account, and expenditures up to end-2025. Transportation Offsite Levy Reserve Balance Description Dr Cr Balance Offsite Levy Expenditures to December 31, 2016 2,221,329.74 $ (2,221,329.74) $ Offsite Levy Receipt Allocations to December 31, 2016 2,220,798.53 $ (531.21) $ Debenture Interest Expenditure to December 31, 2016 - $ (531.21) $ Unallocated Receipts to December 31, 2016 2,704,321.55 $ 2,703,790.34 $ Opening Balance 2,703,790.34 $ 2017 2,703,790.34 $ Interest on Opening Balance 27,037.90 $ 2,730,828.24 $ Project Expenditures (OSL Share) As Reflected by City 3,298,011.83 $ (567,183.59) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City (143,227.94) $ (423,955.65) $ Offsite Levy Receipts 84,552.03 $ (339,403.62) $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (339,403.62) $ Debenture Interest Expenditure - $ (339,403.62) $ Interest on Project Expenditure 23,660.88 $ (363,064.50) $ Interest on Offsite Levy Receipts 422.76 $ (362,641.74) $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (362,641.74) $ Interest on Debenture Expenditure - $ (362,641.74) $ 2018 (362,641.74) $ Interest on Opening Balance 11,241.89 $ (373,883.63) $ Project Expenditures (OSL Share) As Reflected by City 708,001.90 $ (1,081,885.53) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City 18,788.10 $ (1,100,673.63) $ Offsite Levy Receipts 184,398.64 $ (916,274.99) $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (916,274.99) $ Debenture Interest Expenditure - $ (916,274.99) $ Interest on Project Expenditure 5,632.62 $ (921,907.61) $ Interest on Offsite Levy Receipts 1,843.99 $ (920,063.63) $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (920,063.63) $ Interest on Debenture Expenditure - $ (920,063.63) $ 2019 (920,063.63) $ Interest on Opening Balance 28,521.97 $ (948,585.60) $ Project Expenditures (OSL Share) As Reflected by City 1,678,261.16 $ (2,626,846.76) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City 35,185.42 $ (2,662,032.18) $ Offsite Levy Receipts 333,135.66 $ (2,328,896.52) $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (2,328,896.52) $ Debenture Interest Expenditure - $ (2,328,896.52) $ Interest on Project Expenditure 13,279.21 $ (2,342,175.73) $ Interest on Offsite Levy Receipts 3,331.36 $ (2,338,844.37) $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (2,338,844.37) $ Interest on Debenture Expenditure - $ (2,338,844.37) $ 2020 (2,338,844.37) $ Interest on Opening Balance 72,504.18 $ (2,411,348.55) $ Project Expenditures (OSL Share) As Reflected by City 208,769.05 $ (2,620,117.60) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City (0.05) $ (2,620,117.55) $ Offsite Levy Receipts 1,442,110.57 $ (1,178,006.98) $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 96691.73 (1,274,698.71) $ Interest on Project Expenditure 1,617.96 $ (1,276,316.67) $ Interest on Offsite Levy Receipts 14,421.11 $ (1,261,895.56) $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ (1,261,895.56) $ City of Chestermere Offsite Levy Rates Update 2021 $ (1, 261,895.56) Interest on Opening Balance $ 32,809.28' $ (1,294,704.85) Project Expenditures (OSL Share) As Reflected by City - $ 341,661.791 $ (1,636,366.64) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City `I $ 0.21 $ (1,636,366.85) Offsite Levy Receipts $ 3,141,436.84 $ 1,505,069.99 Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) `I $ - $ 1,505,069.99 Interest on Project Expenditure $ 2,220.801 $ 1,502,849.19 Interest on Offsite Levy Receipts $ 15,707.18" $ 1,518,556.37 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - - $ 1,518,556.37 2022 $ 1,518,556.37 Interest on Opening Balance $ 30,523.46 $ 1,549,079.83 Project Expenditures (OSL Share) As Reflected by City - $ 240,751.77 $ 1,308,328.06 Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City " $ (66,088.11) $ 1,374,416.17 Offsite Levy Receipts $ 2,585,122.63 $ 3,959,538.81 Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 3,959,538.81 Interest on Project Expenditure $ 3,141.81 $ 3,956,397.00 Interest on Offsite Levy Receipts $ 25,851.23 $ 3,982,248.23 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ 3,982,248.23 2023 $ 3,982,248.23 Interest on Opening Balance $ 79,797.29 $ 4,062,045.52 Project Expenditures (OSL Share) As Reflected by City $ 3,012,113.00 $ 1,049,932.52 Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ (127,806.00) $ 1,177,738.52 Offsite Levy Receipts $ 7,207,685.08 $ 8,385,423.60 Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) $ 8,385,423.60 Interest on Project Expenditure $ 37,576.11 $ 8,347,847.49 Interest on Offsite Levy Receipts $ 72,076.85 $ 8,419,924.34 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ 8,419,924.34 2024 $ 8,419,924.34 Interest on Opening Balance $ 168,550.82 $ 8,588,475.16 Project Expenditures (OSL Share) As Reflected by City $ 10,464,954.87 $ (1,876,479.71) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ (1,876,479.71) Offsite Levy Receipts $ 6,639,906.81 $ 4,763,427.10 Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) $ 4,763,427.10 Interest on Project Expenditure $ 131,858.43 $ 4,631,568.67 Interest on Offsite Levy Receipts $ 66,399.07 $ 4,697,967.74 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ 4,697,967.74 2025 4,697,967.74 Interest on Opening Balance $ 89,261.39' 4,787,229.13 Project Expenditures (OSL Share) As Reflected by City - - $ 4,787,229.13 Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City 178,274.67 $ 4,608,954.46 Offsite Levy Receipts F$ 4,718,180.39 9,327,134.84 Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) 9,327,134.84 Interest on Project Expenditure 1,987.76' $ 9,325,147.08 Interest on Offsite Levy Receipts $ 44,822.71" 9,369,969.79 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) 9,369,969.79 D9. Development and Transportation Infrastructure Staging Impacts Transportation offsite infrastructure will be constructed in staged fashion over the 25-year review period. We have reviewed the availability of offsite levy funds to meet these construction requirements and found that offsite levy reserve funds will not be sufficient to pay for construction of transportation infrastructure from time to time-front ending of infrastructure will be required. A front-ender is the party that constructs and pays up front for infrastructure that benefits other parties. The front-ender (be it a municipality or a developer) is reimbursed over time as levies are collected, and in accordance with the municipality's front-ending repayment policies. Page 152 City of Chestermere Offsite Levy Rates Update Page | 52 D9. Development and Transportation Infrastructure Staging Impacts Transportation offsite infrastructure will be constructed in staged fashion over the 25-year review period. We have reviewed the availability of offsite levy funds to meet these construction requirements and found that offsite levy reserve funds will not be sufficient to pay for construction of transportation infrastructure from time to time-front ending of infrastructure will be required. A front-ender is the party that constructs and pays up front for infrastructure that benefits other parties. The front-ender (be it a municipality or a developer) is reimbursed over time as levies are collected, and in accordance with the municipality's front-ending repayment policies. 2021 (1,261,895.56) $ Interest on Opening Balance 32,809.28 $ (1,294,704.85) $ Project Expenditures (OSL Share) As Reflected by City 341,661.79 $ (1,636,366.64) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City 0.21 $ (1,636,366.85) $ Offsite Levy Receipts 3,141,436.84 $ 1,505,069.99 $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 1,505,069.99 $ Interest on Project Expenditure 2,220.80 $ 1,502,849.19 $ Interest on Offsite Levy Receipts 15,707.18 $ 1,518,556.37 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 1,518,556.37 $ 2022 1,518,556.37 $ Interest on Opening Balance 30,523.46 $ 1,549,079.83 $ Project Expenditures (OSL Share) As Reflected by City 240,751.77 $ 1,308,328.06 $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City (66,088.11) $ 1,374,416.17 $ Offsite Levy Receipts 2,585,122.63 $ 3,959,538.81 $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) 3,959,538.81 $ Interest on Project Expenditure 3,141.81 $ 3,956,397.00 $ Interest on Offsite Levy Receipts 25,851.23 $ 3,982,248.23 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) 3,982,248.23 $ 2023 3,982,248.23 $ Interest on Opening Balance 79,797.29 $ 4,062,045.52 $ Project Expenditures (OSL Share) As Reflected by City 3,012,113.00 $ 1,049,932.52 $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City (127,806.00) $ 1,177,738.52 $ Offsite Levy Receipts 7,207,685.08 $ 8,385,423.60 $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) 8,385,423.60 $ Interest on Project Expenditure 37,576.11 $ 8,347,847.49 $ Interest on Offsite Levy Receipts 72,076.85 $ 8,419,924.34 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) 8,419,924.34 $ 2024 8,419,924.34 $ Interest on Opening Balance 168,550.82 $ 8,588,475.16 $ Project Expenditures (OSL Share) As Reflected by City 10,464,954.87 $ (1,876,479.71) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City (1,876,479.71) $ Offsite Levy Receipts 6,639,906.81 $ 4,763,427.10 $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) 4,763,427.10 $ Interest on Project Expenditure 131,858.43 $ 4,631,568.67 $ Interest on Offsite Levy Receipts 66,399.07 $ 4,697,967.74 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) 4,697,967.74 $ 2025 4,697,967.74 $ Interest on Opening Balance 89,261.39 $ 4,787,229.13 $ Project Expenditures (OSL Share) As Reflected by City - $ 4,787,229.13 $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City 178,274.67 $ 4,608,954.46 $ Offsite Levy Receipts 4,718,180.39 $ 9,327,134.84 $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 9,327,134.84 $ Interest on Project Expenditure 1,987.76 $ 9,325,147.08 $ Interest on Offsite Levy Receipts 44,822.71 $ 9,369,969.79 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 9,369,969.79 $ City of Chestermere Offsite Levy Rates Update To compensate parties for capital they provide in front-ending offsite infrastructure construction, a 4.46% interest allowance has been charged to the reserve when it is forecast to be in a negative balance. Further, a 1.90% interest credit has been provided to the reserve when it is forecast to be in a positive balance. The graph and table below outline the forecast transportation levy reserve balances over the 25-year development period. If necessary, an interest staging adjustment has been applied to rates (slightly positive or slightly negative) to ensure that the forecast reserve balance at the end of the 25-year review period always returns to break-even (i.e., developers are not charged too much thereby providing a windfall to the City, nor are they charged too little thereby placing an unequitable burden on taxpayers). Anticipated Transportation Offsite Levy Reserve Balcrnces6 Transportation Reserve $15,000,000 $10,000,000 $5,000,000 $(5,000,000) eg $(10,000,000) $(15,000,000) $(20,000,000) $(25,000,000) $(30,000,000) $(35,000,000) 1 1 1 1 1 1 1 CO d') c-v 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 CO 'I- 1--- 0 cy 0 cy 0 CO 0 CO .71- 0 0 Cr 0 Cr CO 0 CV CV C.J C.J C.J C.J CV Year --I-- Reserve Balance Page 153 City of Chestermere Offsite Levy Rates Update Page | 53 To compensate parties for capital they provide in front-ending offsite infrastructure construction, a 4.46% interest allowance has been charged to the reserve when it is forecast to be in a negative balance. Further, a 1.90% interest credit has been provided to the reserve when it is forecast to be in a positive balance. The graph and table below outline the forecast transportation levy reserve balances over the 25-year development period. If necessary, an interest staging adjustment has been applied to rates (slightly positive or slightly negative) to ensure that the forecast reserve balance at the end of the 25-year review period always returns to break-even (i.e., developers are not charged too much thereby providing a windfall to the City, nor are they charged too little thereby placing an unequitable burden on taxpayers). Anticipated Transportation Offsite Levy Reserve Balances6 City of Chestermere Offsite Levy Rates Update Anticipated Transportation Offsite Levy Reserve Balances Reserve Balance $ 9,369,970 Year Receipts Expenditure Interest Balance 2026 $ 7,200,123 $ 7,784,817 $ 166,920 $ 8,952,196 2027 $ 4,988,980 $ 7,580,617 $ 120,851 $ 6,481,409 2028 $ 5,128,751 $ - $ 220,593 $ 11,830,753 2029 $ 5,041,330 $ 5,969,499 $ 207,149 $ 11,109,733 2030 $ 4,340,267 $ 3,952,030 $ 218,461 $ 11,716,431 2031 $ 5,985,156 $ 8,853,856 $ 168,107 $ 9,015,838 2032 $ 4,912,120 $ 6,449,873 $ 142,084 $ 7,620,169 2033 $ 5,077,225 $ 11,165,949 $ 29,097 $ 1,560,542 2034 $ 4,123,044 $ 7,705,444 $ (90,175) $ (2,112,033) 2035 $ 5,227,557 $ 8,647,058 $ (246,706) $ (5,778,239) 2036 $ 3,008,132 $ 17,249,593 $ (892,879) $ (20,912,580) 2037 $ 3,889,052 $ 7,107,969 $ (1,076,265) $ (25,207,762) 2038 $ 4,001,834 $ 8,747,566 $ (1,335,926) $ (31,289,420) 2039 $ 6,555,004 $ - $ (1,103,155) $ (25,837,570) 2040 $ 5,102,062 $ - $ (924,804) $ (21,660,312) 2041 $ 4,805,105 $ 5,996,538 $ (1,019,188) $ (23,870,933) 2042 $ 4,688,074 $ - $ (855,555) $ (20,038,414) 2043 $ 3,717,894 $ - $ (727,895) $ (17,048,416) 2044 $ 3,878,066 $ - $ (587,398) $ (13,757,747) 2045 $ 3,788,410 $ - $ (444,632) $ (10,413,970) 2046 $ 3,804,446 $ - $ (294,785) $ (6,904,309) 2047 $ 3,209,143 $ 5,337,485 $ (402,856) $ (9,435,506) 2048 $ 3,152,207 $ 347,600 $ (295,738) $ (6,926,637) 2049 $ 3,686,543 $ 357,680 $ (160,461) $ (3,758,235) 2050 $ 3,758,235 $ - $ (0) $ (0) 6 In determining staging adjustments, the offsite levy model also applies inflation to future rates. In so doing it acknowledges that rates must keep pace with inflation just as costs do. Also, it acknowledges that an offsite levy rate of $X paid today is not worth the same as the equivalent $X rate paid in the future (i.e., it is discounted). Page 154 City of Chestermere Offsite Levy Rates Update Page | 54 Anticipated Transportation Offsite Levy Reserve Balances 6 In determining staging adjustments, the offsite levy model also applies inflation to future rates. In so doing it acknowledges that rates must keep pace with inflation just as costs do. Also, it acknowledges that an offsite levy rate of $X paid today is not worth the same as the equivalent $X rate paid in the future (i.e., it is discounted). Reserve Balance 9,369,970 $ Year Receipts Expenditure Interest Balance 2026 7,200,123 $ 7,784,817 $ 166,920 $ 8,952,196 $ 2027 4,988,980 $ 7,580,617 $ 120,851 $ 6,481,409 $ 2028 5,128,751 $ - $ 220,593 $ 11,830,753 $ 2029 5,041,330 $ 5,969,499 $ 207,149 $ 11,109,733 $ 2030 4,340,267 $ 3,952,030 $ 218,461 $ 11,716,431 $ 2031 5,985,156 $ 8,853,856 $ 168,107 $ 9,015,838 $ 2032 4,912,120 $ 6,449,873 $ 142,084 $ 7,620,169 $ 2033 5,077,225 $ 11,165,949 $ 29,097 $ 1,560,542 $ 2034 4,123,044 $ 7,705,444 $ (90,175) $ (2,112,033) $ 2035 5,227,557 $ 8,647,058 $ (246,706) $ (5,778,239) $ 2036 3,008,132 $ 17,249,593 $ (892,879) $ (20,912,580) $ 2037 3,889,052 $ 7,107,969 $ (1,076,265) $ (25,207,762) $ 2038 4,001,834 $ 8,747,566 $ (1,335,926) $ (31,289,420) $ 2039 6,555,004 $ - $ (1,103,155) $ (25,837,570) $ 2040 5,102,062 $ - $ (924,804) $ (21,660,312) $ 2041 4,805,105 $ 5,996,538 $ (1,019,188) $ (23,870,933) $ 2042 4,688,074 $ - $ (855,555) $ (20,038,414) $ 2043 3,717,894 $ - $ (727,895) $ (17,048,416) $ 2044 3,878,066 $ - $ (587,398) $ (13,757,747) $ 2045 3,788,410 $ - $ (444,632) $ (10,413,970) $ 2046 3,804,446 $ - $ (294,785) $ (6,904,309) $ 2047 3,209,143 $ 5,337,485 $ (402,856) $ (9,435,506) $ 2048 3,152,207 $ 347,600 $ (295,738) $ (6,926,637) $ 2049 3,686,543 $ 357,680 $ (160,461) $ (3,758,235) $ 2050 3,758,235 $ - $ (0) $ (0) $ City of Chestermere Offsite Levy Rates Update APPENDIX E: STORMWATER OFFSITE INFRASTRUCTURE El. Stormwater Offsite Infrastructure Costs To support future growth, stormwater offsite infrastructure is required. The estimated cost of this infrastructure is based upon: (a) actual construction costs to the cut-off date, (b) debenture interest associated with financing, and (c) future cost estimates. Total cost is approximately $115.34 million as outlined in the table below. Actual costs, debenture interest (if any), and cost estimates were provided by City staff. It is important to note that these costs represent "gross" costs, of which only a portion will go to support future development during the 25-year review period. The remainder of this section outlines how the "net" costs for future development are determined. Summary of Stormwater Offsite Infrastructure Item Project Description Cost of Completed Work & Historical Interest Future Debenture Interest Estimated Cost of Work Yet to be Completed Total Project Estimated Cost 6 Phase 0 - Storm outfall prelim engineering $ 1,034,463 $ - $ 1,166,080 $ 2,200,543 7 Phase 1 - Centralized stormwater reservoir Phase 1 $ - $ - $ 14,060,000 $ 14,060,000 8 Phase 2 - Outlet forcemain & pump station Phase 1 $ - $ - $ 30,692,227 $ 30,692,227 9 Phase 3 - Centralized stormwater reservoir expansion Phase 2 $ - $ - $ 5,624,000 $ 5,624,000 10 NW Storm Trunk Phase A $ - $ - $ 2,342,160 $ 2,342,160 11 NW Storm Trunk Phase B1 $ 3,168,062 $ - $ - $ 3,168,062 12 NW Storm Trunk Phase C-Waterford to Rainbow Fall UnderDrain $ - $ - $ 3,461,645 $ 3,461,645 13 NW Storm Trunk Phase D - Project Deleted $ - $ - $ - $ - 14 NW Storm Trunk Phase E - Splitter MH and Pipe to Southshore $ - $ - $ 1,664,948 $ 1,664,948 15 NW Storm Trunk Phase F $ - $ - $ - $ - 16 SW Storm Trunk Phase A $ - $ - $ 2,147,000 $ 2,147,000 17 SE Storm Trunk Phase A $ - $ - $ 10,544,600 $ 10,544,600 18 NE Storm Trunk Phase A-E $ - $ - $ 8,186,000 $ 8,186,000 19 NW Stormwater Trunk Phase B2 $ 1,416,926 $ - $ 1,445,040 $ 2,861,966 20 Land for Centralized facility $ 43,832 $ - $ 4,000,000 $ 4,043,832 21 Rainbow Falls Underdrain $ 2,544,969 $ - $ - $ 2,544,969 22 Phase 4 - Centralized stormwater reservoir expansion Stage 3 $ - $ - $ 21,801,700 $ 21,801,700 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ - $ - $ - $ - $ 8,208,252 $ - $ 107,135,401 $ 115,343,653 *Costs estimates are reflected in current dollars. **Estimates include engineering costs and contingencies. ***offsite levy project details, allocations, etc. were determined by City staff and their engineering/consulting advisors. **** Project numbering may be out of sequence as rows containing deleted projects are hidden. E2. Stormwater Offsite Infrastructure Grants & Contributions to Date The MGA enables the City to allocate the costs of offsite infrastructure to future development, other than those costs that have been provided by way of special grant or contribution (i.e., contributed infrastructure). The City has/will receive $0.00 in special grants and contributions for stormwater offsite levy infrastructure as shown in the table below (note, if the City receives other grants or contributions in the future, it will be reflected in one of the annual updates and rates adjusted accordingly). The result is that the total Page 155 City of Chestermere Offsite Levy Rates Update Page | 55 APPENDIX E: STORMWATER OFFSITE INFRASTRUCTURE E1. Stormwater Offsite Infrastructure Costs To support future growth, stormwater offsite infrastructure is required. The estimated cost of this infrastructure is based upon: (a) actual construction costs to the cut-off date, (b) debenture interest associated with financing, and (c) future cost estimates. Total cost is approximately $115.34 million as outlined in the table below. Actual costs, debenture interest (if any), and cost estimates were provided by City staff. It is important to note that these costs represent "gross" costs, of which only a portion will go to support future development during the 25-year review period. The remainder of this section outlines how the "net" costs for future development are determined. Summary of Stormwater Offsite Infrastructure *Costs estimates are reflected in current dollars. **Estimates include engineering costs and contingencies. ***Offsite levy project details, allocations, etc. were determined by City staff and their engineering/consulting advisors. **** Project numbering may be out of sequence as rows containing deleted projects are hidden. E2. Stormwater Offsite Infrastructure Grants & Contributions to Date The MGA enables the City to allocate the costs of offsite infrastructure to future development, other than those costs that have been provided by way of special grant or contribution (i.e., contributed infrastructure). The City has/will receive $0.00 in special grants and contributions for stormwater offsite levy infrastructure as shown in the table below (note, if the City receives other grants or contributions in the future, it will be reflected in one of the annual updates and rates adjusted accordingly). The result is that the total Item Project Description Cost of Completed Work & Historical Interest Future Debenture Interest Estimated Cost of Work Yet to be Completed Total Project Estimated Cost 6 Phase 0 - Storm outfall prelim engineering $ 1,034,463 - $ 1,166,080 $ 2,200,543 $ 7 Phase 1 - Centralized stormwater reservoir Phase 1 $ - - $ 14,060,000 $ 14,060,000 $ 8 Phase 2 - Outlet forcemain & pump station Phase 1 $ - - $ 30,692,227 $ 30,692,227 $ 9 Phase 3 - Centralized stormwater reservoir expansion Phase 2 $ - - $ 5,624,000 $ 5,624,000 $ 10 NW Storm Trunk Phase A $ - - $ 2,342,160 $ 2,342,160 $ 11 NW Storm Trunk Phase B1 $ 3,168,062 - $ - $ 3,168,062 $ 12 NW Storm Trunk Phase C-Waterford to Rainbow Fall UnderDrain $ - - $ 3,461,645 $ 3,461,645 $ 13 NW Storm Trunk Phase D - Project Deleted $ - - $ - $ - $ 14 NW Storm Trunk Phase E - Splitter MH and Pipe to Southshore $ - - $ 1,664,948 $ 1,664,948 $ 15 NW Storm Trunk Phase F $ - - $ - $ - $ 16 SW Storm Trunk Phase A $ - - $ 2,147,000 $ 2,147,000 $ 17 SE Storm Trunk Phase A $ - - $ 10,544,600 $ 10,544,600 $ 18 NE Storm Trunk Phase A-E $ - - $ 8,186,000 $ 8,186,000 $ 19 NW Stormwater Trunk Phase B2 $ 1,416,926 - $ 1,445,040 $ 2,861,966 $ 20 Land for Centralized facility $ 43,832 - $ 4,000,000 $ 4,043,832 $ 21 Rainbow Falls Underdrain $ 2,544,969 - $ - $ 2,544,969 $ 22 Phase 4 - Centralized stormwater reservoir expansion Stage 3 $ - - $ 21,801,700 $ 21,801,700 $ 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ - - $ - $ - $ 8,208,252 $ - $ 107,135,401 $ 115,343,653 $ City of Chestermere Offsite Levy Rates Update reduced project estimated cost is $115.34 million. Special Grants and Contributions for Stormwater Offsite Infrastructure Item Project Description Total Project Estimated Cost Special Provincial Grants Developer Agreement Contributions Other Contributions Reduced Project Estimated Cost 6 Phase 0 - Storm outfall prelim engineering $ 2,200,543 $ - $ - $ - $ 2,200,543 7 Phase 1 - Centralized stormwater reservoir Phase 1 $ 14,060,000 $ - $ - $ - $ 14,060,000 8 Phase 2 - Outlet forcemain & pump station Phase 1 $ 30,692,227 $ - $ - $ - $ 30,692,227 9 Phase 3 - Centralized stormwater reservoir expansion Phase 2 $ 5,624,000 $ - $ - $ - $ 5,624,000 10 NW Storm Trunk Phase A $ 2,342,160 $ - $ - $ - $ 2,342,160 11 NW Storm Trunk Phase B1 $ 3,168,062 $ - $ - $ - $ 3,168,062 12 NW Storm Trunk Phase C-Waterford to Rainbow Fall UnderDrain $ 3,461,645 $ - $ - $ - $ 3,461,645 13 NW Storm Trunk Phase D - Project Deleted $ - $ - $ - $ - $ - 14 NW Storm Trunk Phase E - Splitter MH and Pipe to Southshore $ 1,664,948 $ - $ - $ - $ 1,664,948 15 NW Storm Trunk Phasc F 1 $ - $ - $ - $ - $ - 16 SW Storm Trunk Phase A $ 2,147,000 $ - $ - $ - $ 2,147,000 17 SE Storm Trunk Phase A $ 10,544,600 $ - $ - $ - $ 10,544,600 18 NE Storm Trunk Phase A-E $ 8,186,000 $ - $ - $ - $ 8,186,000 19 NW Stormwater Trunk Phase B2 $ 2,861,966 $ - $ - $ - $ 2,861,966 20 Land for Centralized facility $ 4,043,832 $ - $ - $ - $ 4,043,832 21 Rainbow Falls Underdrain $ 2,544,969 $ - $ - $ - $ 2,544,969 22 Phase 4 - Centralized stormwater reservoir expansion Stage 3 $ 21,801,700 $ - $ - $ - $ 21,801,700 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ - $ - $ - $ - $ - $ 115,343,653 $ - $ - $ - $ 115,343,653 E3. Stormwater Infrastructure Staging The timing of construction is used to determine the impact of inflation on cost, the impact of forecast reserve balances, and the estimate of financial oversizing (described in the Section that follows). The City anticipates construction of offsite infrastructure as outlined in the table below. Note, if this schedule is adjusted in the future, it will be reflected in one of the annual rate/bylaw updates. Page 156 City of Chestermere Offsite Levy Rates Update Page | 56 reduced project estimated cost is $115.34 million. Special Grants and Contributions for Stormwater Offsite Infrastructure E3. Stormwater Infrastructure Staging The timing of construction is used to determine the impact of inflation on cost, the impact of forecast reserve balances, and the estimate of financial oversizing (described in the Section that follows). The City anticipates construction of offsite infrastructure as outlined in the table below. Note, if this schedule is adjusted in the future, it will be reflected in one of the annual rate/bylaw updates. Item Project Description Total Project Estimated Cost Special Provincial Grants Developer Agreement Contributions Other Contributions Reduced Project Estimated Cost 6 Phase 0 - Storm outfall prelim engineering 2,200,543 $ - $ - $ $ - 2,200,543 $ 7 Phase 1 - Centralized stormwater reservoir Phase 1 14,060,000 $ - $ - $ $ - 14,060,000 $ 8 Phase 2 - Outlet forcemain & pump station Phase 1 30,692,227 $ - $ - $ $ - 30,692,227 $ 9 Phase 3 - Centralized stormwater reservoir expansion Phase 2 5,624,000 $ - $ - $ $ - 5,624,000 $ 10 NW Storm Trunk Phase A 2,342,160 $ - $ - $ $ - 2,342,160 $ 11 NW Storm Trunk Phase B1 3,168,062 $ - $ - $ $ - 3,168,062 $ 12 NW Storm Trunk Phase C-Waterford to Rainbow Fall UnderDrain 3,461,645 $ - $ - $ $ - 3,461,645 $ 13 NW Storm Trunk Phase D - Project Deleted - $ - $ - $ $ - - $ 14 NW Storm Trunk Phase E - Splitter MH and Pipe to Southshore 1,664,948 $ - $ - $ $ - 1,664,948 $ 15 NW Storm Trunk Phase F - $ - $ - $ $ - - $ 16 SW Storm Trunk Phase A 2,147,000 $ - $ - $ $ - 2,147,000 $ 17 SE Storm Trunk Phase A 10,544,600 $ - $ - $ $ - 10,544,600 $ 18 NE Storm Trunk Phase A-E 8,186,000 $ - $ - $ $ - 8,186,000 $ 19 NW Stormwater Trunk Phase B2 2,861,966 $ - $ - $ $ - 2,861,966 $ 20 Land for Centralized facility 4,043,832 $ - $ - $ $ - 4,043,832 $ 21 Rainbow Falls Underdrain 2,544,969 $ - $ - $ $ - 2,544,969 $ 22 Phase 4 - Centralized stormwater reservoir expansion Stage 3 21,801,700 $ - $ - $ $ - 21,801,700 $ 100 Unallocated Offsite Levies Collected to Dec 31, 2016 - $ - $ - $ $ - - $ 115,343,653 $ - $ - $ - $ 115,343,653 $ City of Chestermere Offsite Levy Rates Update Stormwater Infrastructure Staging Item Project Description Construction Start Year Developer Share Before Oversizing Calculation 6 Phase 0 - Storm outfall prelim engineering 2024 100.0% 7 Phase 1 - Centralized stormwater reservoir Phase 1 2027 100.0% 8 Phase 2 - Outlet forcemain & pump station Phase 1 2036 100.0% 9 Phase 3 - Centralized stormwater reservoir expansion Phase 2 2049 100.0% 10 NW Storm Trunk Phase A 2026 100.0% 11 NW Storm Trunk Phase B1 2022 100.0% 12 NW Storm Trunk Phase C-Waterford to Rainbow Fall UnderDrain 2026 100.0% 13 NW Storm Trunk Phase D - Project Deleted 100.0% 14 NW Storm Trunk Phase E - Splitter MH and Pipe to Southshore 2026 100.0% 15 NW Storm Trunk Phase F 100.0% 16 SW Storm Trunk Phase A 2032 100.0% 17 SE Storm Trunk Phase A 2040 100.0% 18 NE Storm Trunk Phase A-E 2030 100.0% 19 NW Stormwater Trunk Phase B2 2025 100.0% 20 Land for Centralized facility 2026 100.0% 21 Rainbow Falls Underdrain 2024 100.0% 22 Phase 4 - Centralized stormwater reservoir expansion Stage 3 2040 100.0% *The share of projects beyond the 25-year review period are not included in rates today (see financial oversizing in next section). **Costs are inflated to the year of construction using an inflation rate of 2.9% for the next year, and 2.9% thereafter. E4. Stormwater Offsite Infrastructure Benefiting Parties The stormwater offsite infrastructure previously outlined will benefit various parties to varying degrees as determined by City staff and engineering advisors. The potential benefiting parties include: - City of Chestermere - that portion of cost which is required to service existing residents. - Other Stakeholders - other parties (such as neighboring municipalities) that benefit from the infrastructure. - City of Chestermere Future Development (Financial Oversizing) - that portion of cost which benefits future development beyond the 25-year review period. - City of Chestermere Future Development (in Rates) - all growth-related infrastructure (i.e., leviable stormwater infrastructure costs) during the 25-year rate planning period. The table below outlines the allocation of stormwater offsite levy infrastructure costs to Page 157 City of Chestermere Offsite Levy Rates Update Page | 57 Stormwater Infrastructure Staging *The share of projects beyond the 25-year review period are not included in rates today (see financial oversizing in next section). **Costs are inflated to the year of construction using an inflation rate of 2.9% for the next year, and 2.9% thereafter. E4. Stormwater Offsite Infrastructure Benefiting Parties The stormwater offsite infrastructure previously outlined will benefit various parties to varying degrees as determined by City staff and engineering advisors. The potential benefiting parties include:  City of Chestermere - that portion of cost which is required to service existing residents.  Other Stakeholders - other parties (such as neighboring municipalities) that benefit from the infrastructure.  City of Chestermere Future Development (Financial Oversizing) - that portion of cost which benefits future development beyond the 25-year review period.  City of Chestermere Future Development (in Rates) - all growth-related infrastructure (i.e., leviable stormwater infrastructure costs) during the 25-year rate planning period. The table below outlines the allocation of stormwater offsite levy infrastructure costs to Item Project Description Construction Start Year Developer Share Before Oversizing Calculation 6 Phase 0 - Storm outfall prelim engineering 2024 100.0% 7 Phase 1 - Centralized stormwater reservoir Phase 1 2027 100.0% 8 Phase 2 - Outlet forcemain & pump station Phase 1 2036 100.0% 9 Phase 3 - Centralized stormwater reservoir expansion Phase 2 2049 100.0% 10 NW Storm Trunk Phase A 2026 100.0% 11 NW Storm Trunk Phase B1 2022 100.0% 12 NW Storm Trunk Phase C-Waterford to Rainbow Fall UnderDrain 2026 100.0% 13 NW Storm Trunk Phase D - Project Deleted 100.0% 14 NW Storm Trunk Phase E - Splitter MH and Pipe to Southshore 2026 100.0% 15 NW Storm Trunk Phase F 100.0% 16 SW Storm Trunk Phase A 2032 100.0% 17 SE Storm Trunk Phase A 2040 100.0% 18 NE Storm Trunk Phase A-E 2030 100.0% 19 NW Stormwater Trunk Phase B2 2025 100.0% 20 Land for Centralized facility 2026 100.0% 21 Rainbow Falls Underdrain 2024 100.0% 22 Phase 4 - Centralized stormwater reservoir expansion Stage 3 2040 100.0% City of Chestermere Offsite Levy Rates Update benefiting parties. Project allocations were determined by City staff. Allocation of Stormwater Infrastructure to Benefiting Parties Item Project Description Reduced Project Estimated Cost Muni Share °A Other Stakeholder Share Developer Share Beyond 25 Yrs (Financial Oversizing °/0) OSL / Developer Share °A 6 Phase 0 - Storm outfall prelim engineering $ 2,200,543 0.0% 100.0% 7 Phase 1 - Centralized stormwater reservoir Phase 1 $ 14,060,000 4.0% 96.0% 8 Phase 2 - Outlet forcemain & pump station Phase 1 $ 30,692,227 40.0% 60.0% 9 Phase 3 - Centralized stormwater reservoir expansion Phase 2 $ 5,624,000 92.0% 8.0% 10 NW Storm Trunk Phase A $ 2,342,160 0.0% 100.0% 11 NW Storm Trunk Phase B1 $ 3,168,062 0.0% 100.0% 12 NW Storm Trunk Phase C-Waterford to Rainbow Fall UnderDrain $ 3,461,645 0.0% 100.0% 13 NW Storm Trunk Phase D - Project Deleted $ - 0.0% 100.0% 14 NW Storm Trunk Phase E - Splitter MH and Pipe to Southshore $ 1,664,948 0.0% 100.0% 15 NW Storm Trunk Phase F 1 $ - 0.0% 100.0% 16 SW Storm Trunk Phase A $ 2,147,000 24.0% 76.0% 17 SE Storm Trunk Phase A $ 10,544,600 56.0% 44.0% 18 NE Storm Trunk Phase A-E $ 8,186,000 16.0% 84.0% 19 NW Stormwater Trunk Phase B2 $ 2,861,966 0.0% 100.0% 20 Land for Centralized facility $ 4,043,832 0.0% 100.0% 21 Rainbow Falls Underdrain $ 2,544,969 0.0% 100.0% 22 Phase 4 - Centralized stormwater reservoir expansion Stage 3 $ 21,801,700 56.0% 44.0% 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ - 0.0% 100.0% $ 115,343,653 *Allocations to future development (vs municipal share etc.) were determined by City staff and their engineering/consulting advisors. **Financial oversizing is determined by separating out the pro rata portion of developer cost beyond the 25-year review period, in comparison with the anticipated year of construction. As the years move forward and rates are updated, these additional developer costs will be included in rate calculations. For example, a project which is slated to be constructed in year 20 of the 25-year review period will have 20% (5/25) of its costs in rates today, and 80% (20/25) of its costs will sit beyond the 25-year review period. E5. Existing Receipts & Adjusted Levy Cost Using the offsite levy share percentages shown in the previous section and applying those percentages to project costs results in an offsite levy cost of approximately $77.39 million. However, prior to allocating these costs to benefiting areas, existing offsite levy receipts collected from developers need to be considered in determining the residual/net costs to developers. The City has collected $15.34 million in offsite levies to date (0.59 million + $14.75 million), and results in an adjusted offsite levy cost of approximately $62.05 million. Page 158 City of Chestermere Offsite Levy Rates Update Page | 58 benefiting parties. Project allocations were determined by City staff. Allocation of Stormwater Infrastructure to Benefiting Parties *Allocations to future development (vs municipal share etc.) were determined by City staff and their engineering/consulting advisors. **Financial oversizing is determined by separating out the pro rata portion of developer cost beyond the 25-year review period, in comparison with the anticipated year of construction. As the years move forward and rates are updated, these additional developer costs will be included in rate calculations. For example, a project which is slated to be constructed in year 20 of the 25-year review period will have 20% (5/25) of its costs in rates today, and 80% (20/25) of its costs will sit beyond the 25-year review period. E5. Existing Receipts & Adjusted Levy Cost Using the offsite levy share percentages shown in the previous section and applying those percentages to project costs results in an offsite levy cost of approximately $77.39 million. However, prior to allocating these costs to benefiting areas, existing offsite levy receipts collected from developers need to be considered in determining the residual/net costs to developers. The City has collected $15.34 million in offsite levies to date (0.59 million + $14.75 million), and results in an adjusted offsite levy cost of approximately $62.05 million. Item Project Description Reduced Project Estimated Cost Muni Share % Other Stakeholder Share Developer Share Beyond 25 Yrs (Financial Oversizing %) OSL / Developer Share % 6 Phase 0 - Storm outfall prelim engineering 2,200,543 $ 0.0% 100.0% 7 Phase 1 - Centralized stormwater reservoir Phase 1 14,060,000 $ 4.0% 96.0% 8 Phase 2 - Outlet forcemain & pump station Phase 1 30,692,227 $ 40.0% 60.0% 9 Phase 3 - Centralized stormwater reservoir expansion Phase 2 5,624,000 $ 92.0% 8.0% 10 NW Storm Trunk Phase A 2,342,160 $ 0.0% 100.0% 11 NW Storm Trunk Phase B1 3,168,062 $ 0.0% 100.0% 12 NW Storm Trunk Phase C-Waterford to Rainbow Fall UnderDrain 3,461,645 $ 0.0% 100.0% 13 NW Storm Trunk Phase D - Project Deleted - $ 0.0% 100.0% 14 NW Storm Trunk Phase E - Splitter MH and Pipe to Southshore 1,664,948 $ 0.0% 100.0% 15 NW Storm Trunk Phase F - $ 0.0% 100.0% 16 SW Storm Trunk Phase A 2,147,000 $ 24.0% 76.0% 17 SE Storm Trunk Phase A 10,544,600 $ 56.0% 44.0% 18 NE Storm Trunk Phase A-E 8,186,000 $ 16.0% 84.0% 19 NW Stormwater Trunk Phase B2 2,861,966 $ 0.0% 100.0% 20 Land for Centralized facility 4,043,832 $ 0.0% 100.0% 21 Rainbow Falls Underdrain 2,544,969 $ 0.0% 100.0% 22 Phase 4 - Centralized stormwater reservoir expansion Stage 3 21,801,700 $ 56.0% 44.0% 100 Unallocated Offsite Levies Collected to Dec 31, 2016 - $ 0.0% 100.0% 115,343,653 $ City of Chestermere Offsite Levy Rates Update Item Project Description OSL / Developer Cost Offsite Levy Funds Collected to Dec 31, 2016 Offsite Levy Funds Collected Starting Jan 1, 2017 Adjusted Developer (Levy) Cost 6 Phase 0 - Storm outfall prelim engineering $ 2,200,543 $ - $ 401,523 $ 1,799,020 7 Phase 1 - Centralized stormwater reservoir Phase 1 $ 13,497,600 $ - $ 1,693,568 $ 11,804,032 8 Phase 2 - Outlet forcemain & pump station Phase 1 $ 18,415,336 $ - $ 6,228,317 $ 12,187,019 9 Phase 3 - Centralized stormwater reservoir expansion Phase 2 $ 449,920 $ - $ 2,033,933 $ (1,584,013) 10 NW Storm Trunk Phase A $ 2,342,160 $ - $ 312,770 $ 2,029,390 11 NW Storm Trunk Phase B1 $ 3,168,062 $ - $ 571,440 $ 2,596,622 12 NW Storm Trunk Phase C-Waterford to Rainbow Fall UnderDrain $ 3,461,645 $ - $ 794,209 $ 2,667,436 13 NW Storm Trunk Phase D - Project Deleted $ - $ - $ - $ - 14 NW Storm Trunk Phase E - Splitter MH and Pipe to Southshore $ 1,664,948 $ - $ 179,901 $ 1,485,047 15 NW Storm Trunk Phase F 1 $ - $ - $ - $ - 16 SW Storm Trunk Phase A $ 1,631,720 $ - $ - $ 1,631,720 17 SE Storm Trunk Phase A $ 4,639,624 $ - $ - $ 4,639,624 18 NE Storm Trunk Phase A-E $ 6,876,240 $ - $ 1,083,705 $ 5,792,535 19 NW Stormwater Trunk Phase B2 $ 2,861,966 $ - $ 503,185 $ 2,358,781 20 Land for Centralized facility $ 4,043,832 $ - $ 619,895 $ 3,423,938 21 Rainbow Falls Underdrain $ 2,544,969 $ - $ 212,945 $ 2,332,024 22 Phase 4 - Centralized stormwater reservoir expansion Stage 3 $ 9,592,748 $ - $ - $ 9,592,748 100 Unallocated Offsite Levies Collected to Dec 31, 2016 $ - $ 589,476 $ - $ (589,476) $ 77,391,314 $ 589,476 P$ 14,749,461 $ 62,052,377 E6. Summary of Stormwater Offsite Levy Cost Flow-through As shown in the figure below, the total cost for stormwater infrastructure that forms the basis of the rate is approximately $62.05 million. The cost allocations to each benefitting party are based on the benefitting percentages shown in Section E4. The offsite levy balance (due from developers) is allocated to various benefitting areas (as described in the next section). Page 159 City of Chestermere Offsite Levy Rates Update Page | 59 E6. Summary of Stormwater Offsite Levy Cost Flow-through As shown in the figure below, the total cost for stormwater infrastructure that forms the basis of the rate is approximately $62.05 million. The cost allocations to each benefitting party are based on the benefitting percentages shown in Section E4. The offsite levy balance (due from developers) is allocated to various benefitting areas (as described in the next section). Item Project Description OSL / Developer Cost Offsite Levy Funds Collected to Dec 31, 2016 Offsite Levy Funds Collected Starting Jan 1, 2017 Adjusted Developer (Levy) Cost 6 Phase 0 - Storm outfall prelim engineering 2,200,543 $ - $ 401,523 $ 1,799,020 $ 7 Phase 1 - Centralized stormwater reservoir Phase 1 13,497,600 $ - $ 1,693,568 $ 11,804,032 $ 8 Phase 2 - Outlet forcemain & pump station Phase 1 18,415,336 $ - $ 6,228,317 $ 12,187,019 $ 9 Phase 3 - Centralized stormwater reservoir expansion Phase 2 449,920 $ - $ 2,033,933 $ (1,584,013) $ 10 NW Storm Trunk Phase A 2,342,160 $ - $ 312,770 $ 2,029,390 $ 11 NW Storm Trunk Phase B1 3,168,062 $ - $ 571,440 $ 2,596,622 $ 12 NW Storm Trunk Phase C-Waterford to Rainbow Fall UnderDrain 3,461,645 $ - $ 794,209 $ 2,667,436 $ 13 NW Storm Trunk Phase D - Project Deleted - $ - $ - $ - $ 14 NW Storm Trunk Phase E - Splitter MH and Pipe to Southshore 1,664,948 $ - $ 179,901 $ 1,485,047 $ 15 NW Storm Trunk Phase F - $ - $ - $ - $ 16 SW Storm Trunk Phase A 1,631,720 $ - $ - $ 1,631,720 $ 17 SE Storm Trunk Phase A 4,639,624 $ - $ - $ 4,639,624 $ 18 NE Storm Trunk Phase A-E 6,876,240 $ - $ 1,083,705 $ 5,792,535 $ 19 NW Stormwater Trunk Phase B2 2,861,966 $ - $ 503,185 $ 2,358,781 $ 20 Land for Centralized facility 4,043,832 $ - $ 619,895 $ 3,423,938 $ 21 Rainbow Falls Underdrain 2,544,969 $ - $ 212,945 $ 2,332,024 $ 22 Phase 4 - Centralized stormwater reservoir expansion Stage 3 9,592,748 $ - $ - $ 9,592,748 $ 100 Unallocated Offsite Levies Collected to Dec 31, 2016 - $ 589,476 $ - $ (589,476) $ 77,391,314 $ 589,476 $ 14,749,461 $ 62,052,377 $ City of Chestermere Offsite Levy Rates Update Total Stormwater Offsite Levy Costs Project Costs $115.34M Less: Special Grants & Contributions $0.00M I = Future Developmen (OSL Share) $77.39M = Future Development "Financial Oversizing" $37.95M = Project = Other Balance Share $115.34M $0.00M = Existing Development (City Share) $0.00M E7. Stormwater Infrastructure Benefiting Areas Less: Levy Receipts Applied $15.34M = Off-site Balance* $62.05M Net developer costs for each project have been allocated to multiple benefiting offsite levy area (see tables below). Allocations are denoted with a "1" below applicable area numbers. Benefiting areas were determined by City staff. The lands anticipated to develop over the 25-years in each offsite levy benefitting area are used to determine rates. Item Project Description Developer Cost 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 1 CSMI - Stage 1 $ (24,500) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 CSMI - Stage 2 $ (38,055) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 3 CSMI - Stage 3 $ (32,771) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 4 CSMI - Stage 4 $ (17,172) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 5 CSMI - Stage 5 $ (1,572) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 6 Phase 0- Storm outfall prelim engineering $ 1,799,020 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 7 Phase 1- Centralized stormwater reservoir Phase $ 11,804,032 1 1 1 1 1 1 1 1 1 1 1 1 1 8 Phase 2- Outlet forcemain & pump station Phase $ 12,187,019 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 9 Phase 3 -Centralized stormwater reservoir expans $ (1,584,013) 1 1 1 1 1 1 1 1 1 1 1 1 1 10 NW Storm Trunk Phase A $ 2,029,390 1 1 1 1 1 1 1 1 1 1 1 1 1 11 NW Storm Trunk Phase B1 $ 2,596,622 1 1 1 1 1 1 1 1 1 1 1 1 1 12 NW Storm Trunk Phase C-Waterford to Rainbow F $ 2,667,436 1 1 1 1 13 NW Storm Trunk Phase D - Project Deleted $ 14 NW Storm Trunk Phase E- Splitter MH and Pipet $ 1,485,047 1 1 1 1 1 1 1 1 1 15 NW Storm Trunk Phase F $ 16 SW Storm Trunk Phase A $ 1,631,720 1 17 SE Storm Trunk Phase A $ 4,639,624 1 18 NE Storm Trunk Phase A-E $ 5,792,535 1 1 1 1 19 NW Stormwater Trunk Phase B2 $ 2,358,781 1 1 1 1 1 1 1 1 1 1 1 1 1 20 Land for Centralized facility $ 3,423,938 1 1 1 1 1 1 1 1 1 1 1 1 1 21 Rainbow Falls Underdrain $ 2,332,024 1 1 1 1 1 1 1 1 22 Phase 4 - Centralized stormwater reservoir expans $ 9,592,748 1 1 1 100 Unallocated Offsite Levies Collected to Dec 31, 20 $ (589,476) 1 1 1 1 1 1 $ 62,052,377 Page 160 City of Chestermere Offsite Levy Rates Update Page | 60 Total Stormwater Offsite Levy Costs E7. Stormwater Infrastructure Benefiting Areas Net developer costs for each project have been allocated to multiple benefiting offsite levy area (see tables below). Allocations are denoted with a "1" below applicable area numbers. Benefiting areas were determined by City staff. The lands anticipated to develop over the 25-years in each offsite levy benefitting area are used to determine rates. Project Costs $115.34M = Future Development (OSL Share) = Existing Development (City Share) Less: Levy Receipts Applied $15.34M = Off-site Balance* $62.05M Less: Special Grants & Contributions $0.00M Item Project Description Developer Cost 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 1 CSMI - Stage 1 $ (24,500) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 CSMI - Stage 2 $ (38,055) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 3 CSMI - Stage 3 $ (32,771) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 4 CSMI - Stage 4 $ (17,172) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 5 CSMI - Stage 5 $ (1,572) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 6 Phase 0 - Storm outfall prelim engineering $ 1,799,020 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 7 Phase 1 - Centralized stormwater reservoir Phase $ 11,804,032 1 1 1 1 1 1 1 1 1 1 1 1 1 8 Phase 2 - Outlet forcemain & pump station Phase $ 12,187,019 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 9 Phase 3 - Centralized stormwater reservoir expans $ (1,584,013) 1 1 1 1 1 1 1 1 1 1 1 1 1 10 NW Storm Trunk Phase A $ 2,029,390 1 1 1 1 1 1 1 1 1 1 1 1 1 11 NW Storm Trunk Phase B1 $ 2,596,622 1 1 1 1 1 1 1 1 1 1 1 1 1 12 NW Storm Trunk Phase C-Waterford to Rainbow F $ 2,667,436 1 1 1 1 13 NW Storm Trunk Phase D - Project Deleted $ - 14 NW Storm Trunk Phase E - Splitter MH and Pipe t $ 1,485,047 1 1 1 1 1 1 1 1 1 15 NW Storm Trunk Phase F $ - 16 SW Storm Trunk Phase A $ 1,631,720 1 17 SE Storm Trunk Phase A $ 4,639,624 1 18 NE Storm Trunk Phase A-E $ 5,792,535 1 1 1 1 19 NW Stormwater Trunk Phase B2 $ 2,358,781 1 1 1 1 1 1 1 1 1 1 1 1 1 20 Land for Centralized facility $ 3,423,938 1 1 1 1 1 1 1 1 1 1 1 1 1 21 Rainbow Falls Underdrain $ 2,332,024 1 1 1 1 1 1 1 1 22 Phase 4 - Centralized stormwater reservoir expans $ 9,592,748 1 1 1 100 Unallocated Offsite Levies Collected to Dec 31, 20 $ (589,476) 1 1 1 1 1 1 62,052,377 $ City of Chestermere Offsite Levy Rates Update E8. Reserve Balance The balance of the City's stormwater reserve at December 31st, 2025 is $7,437,541.23. This updated balance takes into consideration public facilities fees collected and transferred to the recreation account, and expenditures up to end-2025. Stormwater Offsite Levy Reserve Balance Description Dr Cr Balance Offsite Lew Expenditures to December 31, 2016 $ - $ - Offsite Lew Receipt Allocations to December 31, 2016 $ - $ - Debenture Interest Expenditure to December 31, 2016 $ - $ - Unallocated Receipts to December 31, 2016 $ 589,475.63 $ 589,475.63 Opening Balance $ 589,475.63 2017 $ 589,475.63 Interest on Opening Balance $ 5,894.76 $ 595,370.39 Project Expenditures (OSL Share) As Reflected by City $ - . $ 595,370.39 Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ - $ 595,370.39 Offsite Lew Receipts $ 13,786.32 $ 609,156.71 Offsite Lew Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ 609,156.71 Debenture Interest Expenditure $ - $ 609,156.71 Interest on Project Expenditure $ - $ 609,156.71 Interest on Offsite Lew Receipts $ 68.93 $ 609,225.64 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ 609,225.64 Interest on Debenture Expenditure $ - $ 609,225.64 2018 $ 609,225.64 Interest on Opening Balance $ 12,184.51 $ 621,410.15 Project Expenditures (OSL Share) As Reflected by City $ - ' $ 621,410.15 Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ - $ 621,410.15 Offsite Lew Receipts $ - $ 621,410.15 Offsite Lew Receipts Collected Under Old Agreement or Old Bylaw (if any) 1 $ - $ 621,410.15 Debenture Interest Expenditure $ - $ 621,410.15 Interest on Project Expenditure $ - $ 621,410.15 Interest on Offsite Lew Receipts $ - $ 621,410.15 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ 621,410.15 Interest on Debenture Expenditure $ - $ 621,410.15 2019 $ 621,410.15 Interest on Opening Balance $ 12,428.20 $ 633,838.35 Project Expenditures (OSL Share) As Reflected by City $ - " $ 633,838.35 Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ - $ 633,838.35 Offsite Lew Receipts $ 142,624.03 $ 776,462.38 Offsite Lew Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ 776,462.38 Debenture Interest Expenditure $ - $ 776,462.38 Interest on Project Expenditure $ - $ 776,462.38 Interest on Offsite Lew Receipts $ 1,426.24 $ 777,888.62 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ 777,888.62 Interest on Debenture Expenditure $ - $ 777,888.62 Page 161 City of Chestermere Offsite Levy Rates Update Page | 61 E8. Reserve Balance The balance of the City's stormwater reserve at December 31st, 2025 is $7,437,541.23. This updated balance takes into consideration public facilities fees collected and transferred to the recreation account, and expenditures up to end-2025. Stormwater Offsite Levy Reserve Balance Description Dr Cr Balance Offsite Levy Expenditures to December 31, 2016 - $ - $ Offsite Levy Receipt Allocations to December 31, 2016 - $ - $ Debenture Interest Expenditure to December 31, 2016 - $ - $ Unallocated Receipts to December 31, 2016 589,475.63 $ 589,475.63 $ Opening Balance 589,475.63 $ 2017 589,475.63 $ Interest on Opening Balance 5,894.76 $ 595,370.39 $ Project Expenditures (OSL Share) As Reflected by City - $ 595,370.39 $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City - $ 595,370.39 $ Offsite Levy Receipts 13,786.32 $ 609,156.71 $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 609,156.71 $ Debenture Interest Expenditure - $ 609,156.71 $ Interest on Project Expenditure - $ 609,156.71 $ Interest on Offsite Levy Receipts 68.93 $ 609,225.64 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 609,225.64 $ Interest on Debenture Expenditure - $ 609,225.64 $ 2018 609,225.64 $ Interest on Opening Balance 12,184.51 $ 621,410.15 $ Project Expenditures (OSL Share) As Reflected by City - $ 621,410.15 $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City - $ 621,410.15 $ Offsite Levy Receipts - $ 621,410.15 $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 621,410.15 $ Debenture Interest Expenditure - $ 621,410.15 $ Interest on Project Expenditure - $ 621,410.15 $ Interest on Offsite Levy Receipts - $ 621,410.15 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 621,410.15 $ Interest on Debenture Expenditure - $ 621,410.15 $ 2019 621,410.15 $ Interest on Opening Balance 12,428.20 $ 633,838.35 $ Project Expenditures (OSL Share) As Reflected by City - $ 633,838.35 $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City - $ 633,838.35 $ Offsite Levy Receipts 142,624.03 $ 776,462.38 $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 776,462.38 $ Debenture Interest Expenditure - $ 776,462.38 $ Interest on Project Expenditure - $ 776,462.38 $ Interest on Offsite Levy Receipts 1,426.24 $ 777,888.62 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 777,888.62 $ Interest on Debenture Expenditure - $ 777,888.62 $ City of Chestermere Offsite Levy Rates Update 2020 $ 777,888.62 Interest on Opening Balance $ 15,557.771 $ 793,446.40 Project Expenditures (OSL Share) As Reflected by City 1 $ 161,084.'141 $ 632,362.26 Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City" $ (0.14) $ 632,362.40 Offsite Levy Receipts $ 280,547.84 $ 912,910.24 Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) 1 $ - $ 912,910.24 Interest on Project Expenditure $ 1,248.401 $ 911,661.84 Interest on Offsite Levy Receipts $ 2,805.48 $ 914,467.31 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ 914,467.31 2021 $ 914,467.31 Interest on Opening Balance $ 9,144.67 $ 923,611.99 Project Expenditures (OSL Share) As Reflected by City ,ii $ 1,179,246.73 $ (255,634.74) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ 0.27 $ (255,635.01) Offsite Levy Receipts $ 523,788.59 $ 268,153.58 Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ 268,153.58 Interest on Project Expenditure $ 7,665.111 $ 260,488.47 Interest on Offsite Levy Receipts $ 2,618.94 $ 263,107.41 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ 263,107.41 2022 $ 263,107.41 Interest on Opening Balance $ 5,262.15 $ 268,369.56 Project Expenditures (OSL Share) As Reflected by City $ 432,824.00 $ (164,454.44) Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ - $ (164,454.44) Offsite Levy Receipts $ 706,338.26 $ 541,883.82 Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) $ 541,883.82 Interest on Project Expenditure $ 5,648.351 $ 536,235.47 Interest on Offsite Levy Receipts $ 7,063.38 $ 543,298.85 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ 543,298.85 2023 $ 543,298.85 Interest on Opening Balance $ 10,865.98 $ 554,164.83 Project Expenditures (OSL Share) As Reflected by City $ 511,721.88 $ 42,442.95 Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ (56,047.88) $ 98,490.83 Offsite Levy Receipts $ 4,518,190.22 $ 4,616,681.05 Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) $ 4,616,681.05 Interest on Project Expenditure $ 56,047.88 $ 4,560,633.17 Interest on Offsite Levy Receipts $ 45,181.90 $ 4,605,815.07 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ 4,605,815.07 2024 $ 4,605,815.07 Interest on Opening Balance $ 92,116.30 $ 4,697,931.37 Project Expenditures (OSL Share) As Reflected by City $ 2,601,230.29 $ 2,096,701.08 Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ 2,096,701.08 Offsite Levy Receipts $ 5,318,149.33 $ 7,414,850.41 Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) $ 7,414,850.41 Interest on Project Expenditure $ 32,775.50 $ 7,382,074.91 Interest on Offsite Levy Receipts $ 53,181.49 $ 7,435,256.40 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ 7,435,256.40 2025 $ 7,435,256.40 Interest on Opening Balance $ 141,269.87 $ 7,576,526.27 Project Expenditures (OSL Share) As Reflected by City $ - $ 7,576,526.27 Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ 3,378,192.30 $ 4,198,333.97 Offsite Levy Receipts $ 3,246,036.75 $ 7,444,370.72 Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ 7,444,370.72 Interest on Project Expenditure $ 37,666.841 $ 7,406,703.88 Interest on Offsite Levy Receipts $ 30,837.35 $ 7,437,541.23 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ 7,437,541.23 Page 162 City of Chestermere Offsite Levy Rates Update Page | 62 2020 777,888.62 $ Interest on Opening Balance 15,557.77 $ 793,446.40 $ Project Expenditures (OSL Share) As Reflected by City 161,084.14 $ 632,362.26 $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City (0.14) $ 632,362.40 $ Offsite Levy Receipts 280,547.84 $ 912,910.24 $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 912,910.24 $ Interest on Project Expenditure 1,248.40 $ 911,661.84 $ Interest on Offsite Levy Receipts 2,805.48 $ 914,467.31 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 914,467.31 $ 2021 914,467.31 $ Interest on Opening Balance 9,144.67 $ 923,611.99 $ Project Expenditures (OSL Share) As Reflected by City 1,179,246.73 $ (255,634.74) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City 0.27 $ (255,635.01) $ Offsite Levy Receipts 523,788.59 $ 268,153.58 $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 268,153.58 $ Interest on Project Expenditure 7,665.11 $ 260,488.47 $ Interest on Offsite Levy Receipts 2,618.94 $ 263,107.41 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 263,107.41 $ 2022 263,107.41 $ Interest on Opening Balance 5,262.15 $ 268,369.56 $ Project Expenditures (OSL Share) As Reflected by City 432,824.00 $ (164,454.44) $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City - $ (164,454.44) $ Offsite Levy Receipts 706,338.26 $ 541,883.82 $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) 541,883.82 $ Interest on Project Expenditure 5,648.35 $ 536,235.47 $ Interest on Offsite Levy Receipts 7,063.38 $ 543,298.85 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 543,298.85 $ 2023 543,298.85 $ Interest on Opening Balance 10,865.98 $ 554,164.83 $ Project Expenditures (OSL Share) As Reflected by City 511,721.88 $ 42,442.95 $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City (56,047.88) $ 98,490.83 $ Offsite Levy Receipts 4,518,190.22 $ 4,616,681.05 $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) 4,616,681.05 $ Interest on Project Expenditure 56,047.88 $ 4,560,633.17 $ Interest on Offsite Levy Receipts 45,181.90 $ 4,605,815.07 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 4,605,815.07 $ 2024 4,605,815.07 $ Interest on Opening Balance 92,116.30 $ 4,697,931.37 $ Project Expenditures (OSL Share) As Reflected by City 2,601,230.29 $ 2,096,701.08 $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City 2,096,701.08 $ Offsite Levy Receipts 5,318,149.33 $ 7,414,850.41 $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) 7,414,850.41 $ Interest on Project Expenditure 32,775.50 $ 7,382,074.91 $ Interest on Offsite Levy Receipts 53,181.49 $ 7,435,256.40 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 7,435,256.40 $ 2025 7,435,256.40 $ Interest on Opening Balance 141,269.87 $ 7,576,526.27 $ Project Expenditures (OSL Share) As Reflected by City - $ 7,576,526.27 $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City 3,378,192.30 $ 4,198,333.97 $ Offsite Levy Receipts 3,246,036.75 $ 7,444,370.72 $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 7,444,370.72 $ Interest on Project Expenditure 37,666.84 $ 7,406,703.88 $ Interest on Offsite Levy Receipts 30,837.35 $ 7,437,541.23 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 7,437,541.23 $ City of Chestermere Offsite Levy Rates Update E9. Development and Stormwater Infrastructure Staging Impacts Stormwater offsite infrastructure will be constructed in staged fashion over the 25-year review period. We have reviewed the availability of offsite levy funds to meet these construction requirements and found that offsite levy reserve funds will not be sufficient to pay for construction of stormwater infrastructure from time to time-front ending of infrastructure will be required. A front-ender is the party that constructs and pays up front for infrastructure that benefits other parties. The front-ender (be it a municipality or a developer) is reimbursed over time as levies are collected, and in accordance with the municipality's front-ending repayment policies. To compensate parties for capital they provide in front-ending offsite infrastructure construction, a 4.46% interest allowance has been charged to the reserve when it is forecast to be in a negative balance. Further, a 1.90% interest credit has been provided to the reserve when it is forecast to be in a positive balance. The graph and table below outline the forecast stormwater levy reserve balances over the 25-year development period. If necessary, an interest staging adjustment has been applied to rates (slightly positive or slightly negative) to ensure that the forecast reserve balance at the end of the 25-year review period always returns to break-even (i.e., developers are not charged too much thereby providing a windfall to the City, nor are they charged too little thereby placing an unequitable burden on taxpayers). Anticipated Stormwater Offsite Levy Reserve Balances7 Storm Reserve $15,000,000 $10,000,000 $5,000.000 $ rtr $(5,000,000) $(10,000, 000) $(15,000, 000) $(2 0,000,000) $(2 5,000,000) C'si I I I I IN I I (-A 01 I I I I I I I LO 03 01 I I I 1;1- I I 'I- I I I I N - 0 O N 0 c., 0 c, 0 c, c, 0 (-A 8 0.1 0.1 0 0.1 Year --I--Reserve Balance Page 163 City of Chestermere Offsite Levy Rates Update Page | 63 E9. Development and Stormwater Infrastructure Staging Impacts Stormwater offsite infrastructure will be constructed in staged fashion over the 25-year review period. We have reviewed the availability of offsite levy funds to meet these construction requirements and found that offsite levy reserve funds will not be sufficient to pay for construction of stormwater infrastructure from time to time-front ending of infrastructure will be required. A front-ender is the party that constructs and pays up front for infrastructure that benefits other parties. The front-ender (be it a municipality or a developer) is reimbursed over time as levies are collected, and in accordance with the municipality's front-ending repayment policies. To compensate parties for capital they provide in front-ending offsite infrastructure construction, a 4.46% interest allowance has been charged to the reserve when it is forecast to be in a negative balance. Further, a 1.90% interest credit has been provided to the reserve when it is forecast to be in a positive balance. The graph and table below outline the forecast stormwater levy reserve balances over the 25-year development period. If necessary, an interest staging adjustment has been applied to rates (slightly positive or slightly negative) to ensure that the forecast reserve balance at the end of the 25-year review period always returns to break-even (i.e., developers are not charged too much thereby providing a windfall to the City, nor are they charged too little thereby placing an unequitable burden on taxpayers). Anticipated Stormwater Offsite Levy Reserve Balances7 City of Chestermere Offsite Levy Rates Update Anticipated Stormwater Offsite Levy Reserve Balances Opening Balance $ 7,437,541 Year Receipts Expenditure Interest Balance 2026 $ 5,065,339 $ 9,120,540 $ 64,264 $ 3,446,605 2027 $ 4,375,475 $ 10,787,189 $ (132,244) $ (3,097,352) 2028 $ 4,222,857 $ 7,145,906 $ (268,510) $ (6,288,911) 2029 $ 4,155,187 $ - $ (95,164) $ (2,228,888) 2030 $ 3,521,173 $ 3,854,629 $ (114,281) $ (2,676,624) 2031 $ 3,841,852 $ 3,966,413 $ (124,933) $ (2,926,118) 2032 $ 4,343,500 $ 1,937,037 $ (23,177) $ (542,831) 2033 $ 4,427,891 $ - $ 73,816 $ 3,958,876 2034 $ 3,283,812 $ - $ 137,611 $ 7,380,299 2035 $ 4,457,933 $ - $ 224,926 $ 12,063,159 2036 $ 1,991,310 $ 12,254,720 $ 34,195 $ 1,833,943 2037 $ 2,299,457 $ 12,610,107 $ (378,061) $ (8,854,768) 2038 $ 2,578,114 $ - $ (279,939) $ (6,556,593) 2039 $ 5,329,173 $ - $ (54,743) $ (1,282,163) 2040 $ 3,260,718 $ 21,236,969 $ (858,925) $ (20,117,340) 2041 $ 2,993,235 $ - $ (763,735) $ (17,887,840) 2042 $ 2,790,348 $ - $ (673,348) $ (15,770,840) 2043 $ 2,407,690 $ - $ (595,996) $ (13,959,146) 2044 $ 2,309,006 $ - $ (519,596) $ (12,169,736) 2045 $ 2,395,808 $ - $ (435,917) $ (10,209,845) 2046 $ 2,535,991 $ - $ (342,254) $ (8,016,108) 2047 $ 1,915,901 $ - $ (272,069) $ (6,372,276) 2048 $ 1,881,898 $ - $ (200,271) $ (4,690,649) 2049 $ 2,428,013 $ 434,169 $ (120,278) $ (2,817,082) 2050 $ 3,263,843 $ 446,760 $ 0 $ 0 7 In determining staging adjustments, the offsite levy model also applies inflation to future rates. In so doing it acknowledges that rates must keep pace with inflation just as costs do. Also, it acknowledges that an offsite levy rate of $X paid today is not worth the same as the equivalent $X rate paid in the future (i.e., it is discounted). Page 164 City of Chestermere Offsite Levy Rates Update Page | 64 Anticipated Stormwater Offsite Levy Reserve Balances 7 In determining staging adjustments, the offsite levy model also applies inflation to future rates. In so doing it acknowledges that rates must keep pace with inflation just as costs do. Also, it acknowledges that an offsite levy rate of $X paid today is not worth the same as the equivalent $X rate paid in the future (i.e., it is discounted). Opening Balance 7,437,541 $ Year Receipts Expenditure Interest Balance 2026 5,065,339 $ 9,120,540 $ 64,264 $ 3,446,605 $ 2027 4,375,475 $ 10,787,189 $ (132,244) $ (3,097,352) $ 2028 4,222,857 $ 7,145,906 $ (268,510) $ (6,288,911) $ 2029 4,155,187 $ - $ (95,164) $ (2,228,888) $ 2030 3,521,173 $ 3,854,629 $ (114,281) $ (2,676,624) $ 2031 3,841,852 $ 3,966,413 $ (124,933) $ (2,926,118) $ 2032 4,343,500 $ 1,937,037 $ (23,177) $ (542,831) $ 2033 4,427,891 $ - $ 73,816 $ 3,958,876 $ 2034 3,283,812 $ - $ 137,611 $ 7,380,299 $ 2035 4,457,933 $ - $ 224,926 $ 12,063,159 $ 2036 1,991,310 $ 12,254,720 $ 34,195 $ 1,833,943 $ 2037 2,299,457 $ 12,610,107 $ (378,061) $ (8,854,768) $ 2038 2,578,114 $ - $ (279,939) $ (6,556,593) $ 2039 5,329,173 $ - $ (54,743) $ (1,282,163) $ 2040 3,260,718 $ 21,236,969 $ (858,925) $ (20,117,340) $ 2041 2,993,235 $ - $ (763,735) $ (17,887,840) $ 2042 2,790,348 $ - $ (673,348) $ (15,770,840) $ 2043 2,407,690 $ - $ (595,996) $ (13,959,146) $ 2044 2,309,006 $ - $ (519,596) $ (12,169,736) $ 2045 2,395,808 $ - $ (435,917) $ (10,209,845) $ 2046 2,535,991 $ - $ (342,254) $ (8,016,108) $ 2047 1,915,901 $ - $ (272,069) $ (6,372,276) $ 2048 1,881,898 $ - $ (200,271) $ (4,690,649) $ 2049 2,428,013 $ 434,169 $ (120,278) $ (2,817,082) $ 2050 3,263,843 $ 446,760 $ 0 $ 0 $ City of Chestermere Offsite Levy Rates Update APPENDIX F: RECREATION OFFSITE INFRASTRUCTURE Fl. Recreation Offsite Infrastructure Costs To support future growth, recreation offsite infrastructure is required. The estimated cost of this infrastructure is based upon: (a) actual construction costs to the cut-off date, (b) debenture interest associated with financing, and (c) future cost estimates. Total cost is approximately $124.84 million as outlined in the table below. Actual costs, debenture interest (if any), and cost estimates were provided by City staff. It is important to note that these costs represent "gross" costs, of which only a portion will go to support future development during the 25-year review period. The remainder of this section outlines how the "net" costs for future development are determined. Summary of Recreation Offsite Infrastructure Item Project Description Cost of Completed Work & Historical Interest Future Debenture Interest Estimated Cost of Work Yet to be Completed Total Project Estimated Cost 1 Land, Phase 1 $ 3,929,908 $ - $ - $ 3,929,908 2 Rec Facility Phase 1 $ - $ - $ 47,948,589 $ 47,948,589 3 Rec Facility Phase 2, Arenas (3 sheets) $ - $ - $ 70,860,403 $ 70,860,403 4 Land Phase 2 (7 ac) $ - $ - $ 2,100,000 $ 2,100,000 100 Additional Public Facility Fees $ - $ - $ - $ - $ 3,929,908 $ - $ 120,908,992 $ 124,838,900 *Costs estimates are reflected in current dollars. **Estimates include engineering costs and contingencies. ***offsite levy project details, allocations, etc. were determined by City staff and their engineering/consulting advisors. **** Project numbering may be out of sequence as rows containing deleted projects are hidden. F2. Recreation Offsite Infrastructure Grants & Contributions to Date The MGA enables the City to allocate the costs of offsite infrastructure to future development, other than those costs that have been provided by way of special grant or contribution (i.e., contributed infrastructure). The City has/will receive $0.00 million in special grants and contributions for recreation offsite levy infrastructure as shown in the table below (note, if the City receives other grants or contributions in the future, it will be reflected in one of the annual updates and rates adjusted accordingly). The result is that the total reduced project estimated cost is $124.84 million. Page 165 City of Chestermere Offsite Levy Rates Update Page | 65 APPENDIX F: RECREATION OFFSITE INFRASTRUCTURE F1. Recreation Offsite Infrastructure Costs To support future growth, recreation offsite infrastructure is required. The estimated cost of this infrastructure is based upon: (a) actual construction costs to the cut-off date, (b) debenture interest associated with financing, and (c) future cost estimates. Total cost is approximately $124.84 million as outlined in the table below. Actual costs, debenture interest (if any), and cost estimates were provided by City staff. It is important to note that these costs represent "gross" costs, of which only a portion will go to support future development during the 25-year review period. The remainder of this section outlines how the "net" costs for future development are determined. Summary of Recreation Offsite Infrastructure *Costs estimates are reflected in current dollars. **Estimates include engineering costs and contingencies. ***Offsite levy project details, allocations, etc. were determined by City staff and their engineering/consulting advisors. **** Project numbering may be out of sequence as rows containing deleted projects are hidden. F2. Recreation Offsite Infrastructure Grants & Contributions to Date The MGA enables the City to allocate the costs of offsite infrastructure to future development, other than those costs that have been provided by way of special grant or contribution (i.e., contributed infrastructure). The City has/will receive $0.00 million in special grants and contributions for recreation offsite levy infrastructure as shown in the table below (note, if the City receives other grants or contributions in the future, it will be reflected in one of the annual updates and rates adjusted accordingly). The result is that the total reduced project estimated cost is $124.84 million. Item Project Description Cost of Completed Work & Historical Interest Future Debenture Interest Estimated Cost of Work Yet to be Completed Total Project Estimated Cost 1 Land, Phase 1 $ 3,929,908 - $ - $ 3,929,908 $ 2 Rec Facility Phase 1 $ - - $ 47,948,589 $ 47,948,589 $ 3 Rec Facility Phase 2, Arenas (3 sheets) $ - - $ 70,860,403 $ 70,860,403 $ 4 Land Phase 2 (7 ac) $ - - $ 2,100,000 $ 2,100,000 $ 100 Additional Public Facility Fees $ - - $ - $ - $ 3,929,908 $ - $ 120,908,992 $ 124,838,900 $ City of Chestermere Offsite Levy Rates Update Special Grants and Contributions for Recreation Offsite Infrastructure Item Project Description Total Project Estimated Cost Special Provincial Grants Developer Agreement Contributions Other Contributions Reduced Project Estimated Cost 1 Land, Phase 1 $ 3,929,908 $ - $ - $ - $ 3,929,908 2 Rec Facility Phase 1 $ 47,948,589 $ - $ - $ - $ 47,948,589 3 Rec Facility Phase 2, Arenas (3 sheets) $ 70,860,403 $ - $ - $ - $ 70,860,403 4 Land Phase 2 (7 ac) $ 2,100,000 $ - $ - $ - $ 2,100,000 100 Additional Public Facility Fees $ - $ - $ - $ - $ - $ 124,838,900 $ - $ - $ - $ 124,838,900 F3. Recreation Infrastructure Staging The timing of construction is used to determine the impact of inflation on cost, the impact of forecast reserve balances, and the estimate of financial oversizing (described in the Section that follows). The City anticipates construction of offsite infrastructure as outlined in the table below. Note, if this schedule is adjusted in the future, it will be reflected in one of the annual rate/bylaw updates. Recreation Infrastructure Staging Item Project Description Construction Start Year 1 Land, Phase 1 2025 2 Rec Facility Phase 1 2027 3 Rec Facility Phase 2, Arenas (3 sheets) 2044 4 Land Phase 2 (7 ac) 2039 *The share of projects beyond the 25-year review period are not included in rates today (see financial oversizing in next section). **Costs are inflated to the year of construction using an inflation rate of 2.9% for the next year, and 2.9% thereafter. F4. Recreation Offsite Infrastructure Benefiting Parties The recreation offsite infrastructure previously outlined will benefit various parties to varying degrees as determined by City staff and engineering advisors. The potential benefiting parties include: - City of Chestermere - that portion of cost which is required to service existing residents. - Other Stakeholders - other parties (such as neighboring municipalities) that benefit from the infrastructure. Page 166 City of Chestermere Offsite Levy Rates Update Page | 66 Special Grants and Contributions for Recreation Offsite Infrastructure F3. Recreation Infrastructure Staging The timing of construction is used to determine the impact of inflation on cost, the impact of forecast reserve balances, and the estimate of financial oversizing (described in the Section that follows). The City anticipates construction of offsite infrastructure as outlined in the table below. Note, if this schedule is adjusted in the future, it will be reflected in one of the annual rate/bylaw updates. Recreation Infrastructure Staging *The share of projects beyond the 25-year review period are not included in rates today (see financial oversizing in next section). **Costs are inflated to the year of construction using an inflation rate of 2.9% for the next year, and 2.9% thereafter. F4. Recreation Offsite Infrastructure Benefiting Parties The recreation offsite infrastructure previously outlined will benefit various parties to varying degrees as determined by City staff and engineering advisors. The potential benefiting parties include:  City of Chestermere - that portion of cost which is required to service existing residents.  Other Stakeholders - other parties (such as neighboring municipalities) that benefit from the infrastructure. Item Project Description Total Project Estimated Cost Special Provincial Grants Developer Agreement Contributions Other Contributions Reduced Project Estimated Cost 1 Land, Phase 1 3,929,908 $ - $ - $ $ - 3,929,908 $ 2 Rec Facility Phase 1 47,948,589 $ - $ - $ $ - 47,948,589 $ 3 Rec Facility Phase 2, Arenas (3 sheets) 70,860,403 $ - $ - $ $ - 70,860,403 $ 4 Land Phase 2 (7 ac) 2,100,000 $ - $ - $ $ - 2,100,000 $ 100 Additional Public Facility Fees - $ - $ - $ $ - - $ 124,838,900 $ - $ - $ - $ 124,838,900 $ Item Project Description Construction Start Year 1 Land, Phase 1 2025 2 Rec Facility Phase 1 2027 3 Rec Facility Phase 2, Arenas (3 sheets) 2044 4 Land Phase 2 (7 ac) 2039 City of Chestermere Offsite Levy Rates Update - City of Chestermere Future Development (Financial Oversizing) - that portion of cost which benefits future development beyond the 25-year review period. - City of Chestermere Future Development (in Rates) - all growth-related infrastructure (i.e., leviable recreation infrastructure costs) during the 25-year rate planning period. The table below outlines the allocation of recreation offsite levy infrastructure costs to benefiting parties. Project allocations were determined by City staff. Allocation of Recreation Infrastructure to Benefiting Parties Item Project Description Reduced Project Estimated Cost Muni Share % Other Stakeholder Share Developer Share Beyond 25 Yrs (Financial Oversizing %) 1 Land, Phase 1 $ 3,929,908 38.0% 0.0% 2 Rec Facility Phase 1 $ 47,948,589 38.0% 2.5% 3 Rec Facility Phase 2, Arenas (3 sheets) $ 70,860,403 27.0% 52.6% 4 Land Phase 2 (7 ac) $ 2,100,000 27.0% 38.0% 100 Additional Public Facility Fees $ - 0.0% $ 124,838,900 *Allocations to future development (vs municipal share etc.) were determined by City staff and their engineering/consulting advisors. **Financial oversizing is determined by separating out the pro rata portion of developer cost beyond the 25-year review period, in comparison with the anticipated year of construction. As the years move forward and rates are updated, these additional developer costs will be included in rate calculations. For example, a project which is slated to be constructed in year 20 of the 25-year review period will have 20% (5/25) of its costs in rates today, and 80% (20/25) of its costs will sit beyond the 25-year review period. F5. Existing Receipts & Adjusted Levy Cost Using the offsite levy share percentages shown in the previous section and applying those percentages to project costs results in an offsite levy cost of approximately $46.20 million. However, prior to allocating these costs to benefiting areas, existing offsite levy receipts collected from developers need to be considered in determining the residual/net costs to developers. The City has collected $13.81 million ($2.24 million + $11.57 million) in offsite levies and park facility fees to date, and results in an adjusted offsite levy cost of approximately $32.38 million. Page 167 City of Chestermere Offsite Levy Rates Update Page | 67  City of Chestermere Future Development (Financial Oversizing) - that portion of cost which benefits future development beyond the 25-year review period.  City of Chestermere Future Development (in Rates) - all growth-related infrastructure (i.e., leviable recreation infrastructure costs) during the 25-year rate planning period. The table below outlines the allocation of recreation offsite levy infrastructure costs to benefiting parties. Project allocations were determined by City staff. Allocation of Recreation Infrastructure to Benefiting Parties *Allocations to future development (vs municipal share etc.) were determined by City staff and their engineering/consulting advisors. **Financial oversizing is determined by separating out the pro rata portion of developer cost beyond the 25-year review period, in comparison with the anticipated year of construction. As the years move forward and rates are updated, these additional developer costs will be included in rate calculations. For example, a project which is slated to be constructed in year 20 of the 25-year review period will have 20% (5/25) of its costs in rates today, and 80% (20/25) of its costs will sit beyond the 25-year review period. F5. Existing Receipts & Adjusted Levy Cost Using the offsite levy share percentages shown in the previous section and applying those percentages to project costs results in an offsite levy cost of approximately $46.20 million. However, prior to allocating these costs to benefiting areas, existing offsite levy receipts collected from developers need to be considered in determining the residual/net costs to developers. The City has collected $13.81 million ($2.24 million + $11.57 million) in offsite levies and park facility fees to date, and results in an adjusted offsite levy cost of approximately $32.38 million. Item Project Description Reduced Project Estimated Cost Muni Share % Other Stakeholder Share Developer Share Beyond 25 Yrs (Financial Oversizing %) 1 Land, Phase 1 3,929,908 $ 38.0% 0.0% 2 Rec Facility Phase 1 47,948,589 $ 38.0% 2.5% 3 Rec Facility Phase 2, Arenas (3 sheets) 70,860,403 $ 27.0% 52.6% 4 Land Phase 2 (7 ac) 2,100,000 $ 27.0% 38.0% 100 Additional Public Facility Fees - $ 0.0% 124,838,900 $ City of Chestermere Offsite Levy Rates Update Offsite Levy Funds Collected to Date & Adjusted Levy Cost Item Project Description OSL / Developer Cost Public Facility Fees Collected to Dec 31, 2021 Offsite Levy Funds Collected Starting Jan 1, 2019 Adjusted Developer (Levy) Cost 1 Land, Phase 1 $ 2,436,543 $ - $ 190,687 $ 2,245,856 2 Rec Facility Phase 1 $ 28,539,000 $ 2,244,0881 $ 7,083,860 $ 19,211,052 3 Rec Facility Phase 2, Arenas (3 sheets) $ 14,483,866 $ - $ 4,265,534 $ 10,218,333 4 Land Phase 2 (7 ac) $ 735,840 $ - $ 28,241 $ 707,599 100 Additional Public Facility Fees $ - $ - $ - $ - $ 46,195,250 $ 2,244,088 DI $ 11,568,322 $ 32,382,840 F6. Summary of Recreation Offsite Levy Cost Flow-through As shown in the figure below, the total cost for recreation infrastructure that forms the basis of the rate is approximately $32.38 million. The cost allocations to each benefitting party are based on the benefitting percentages shown in Section F4. The offsite levy balance (due from developers) is allocated to various benefitting areas (as described in the next section). Total Recreation Offsite Levy Costs Project Costs $124.84M Less: Special Grants & Contributions $0.00M 4 = Future Development (OSL Share) $46.20M = Future Development "Financial Oversizing" $39.23M = Project = Other Balance Share $124.84M $0.00M = Existing Development (City Share) $39.41M Page 168 Less: Levy Receipts Applied $13.81M = Off-site Balance* $32.38M City of Chestermere Offsite Levy Rates Update Page | 68 Offsite Levy Funds Collected to Date & Adjusted Levy Cost F6. Summary of Recreation Offsite Levy Cost Flow-through As shown in the figure below, the total cost for recreation infrastructure that forms the basis of the rate is approximately $32.38 million. The cost allocations to each benefitting party are based on the benefitting percentages shown in Section F4. The offsite levy balance (due from developers) is allocated to various benefitting areas (as described in the next section). Total Recreation Offsite Levy Costs Project Costs $124.84M = Future Development (OSL Share) = Existing Development (City Share) Less: Levy Receipts Applied $13.81M = Off-site Balance* $32.38M Less: Special Grants & Contributions $0.00M Item Project Description OSL / Developer Cost Public Facility Fees Collected to Dec 31, 2021 Offsite Levy Funds Collected Starting Jan 1, 2019 Adjusted Developer (Levy) Cost 1 Land, Phase 1 2,436,543 $ - $ 190,687 $ 2,245,856 $ 2 Rec Facility Phase 1 28,539,000 $ 2,244,088 $ 7,083,860 $ 19,211,052 $ 3 Rec Facility Phase 2, Arenas (3 sheets) 14,483,866 $ - $ 4,265,534 $ 10,218,333 $ 4 Land Phase 2 (7 ac) 735,840 $ - $ 28,241 $ 707,599 $ 100 Additional Public Facility Fees - $ - $ - $ - $ 46,195,250 $ 2,244,088 $ 11,568,322 $ 32,382,840 $ City of Chestermere Offsite Levy Rates Update F7. Recreation Infrastructure Benefiting Areas Net developer costs for each project have been allocated to multiple benefiting offsite levy area (see tables below). Allocations are denoted with a "1" below applicable area numbers. Benefiting areas were determined by City staff. The lands anticipated to develop over the 25-years in each offsite levy benefitting area are used to determine rates. Benefiting Areas for Recreation Offsite Infrastructure Item Project Description Developer Cost 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 1 Land, Phase 1 $ 2,245,856 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 Rec Facility Phase 1 $ 19,211,052 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 3 Rec Facility Phase 2, Arenas (3 sheets) $ 10,218,333 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 4 Land Phase 2 (7 ac) $ 707,599 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 100 Additional Public Facility Fees $ - 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 $ 32,382,840 F8. Reserve Balance The balance of the City's recreation reserve at December 31st, 2025 is approximately $12,253,123.41 million. This updated balance takes into consideration public facilities fees collected and transferred to the recreation account, and expenditures up to end-2025. Recreation Offsite Levy Reserve Balance Description Dr Cr . Balance 2019 , $ - Interest on Opening Balance $ - $ - Project Expenditures (OSL Share) As Reflected by City $ - - $ - Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City - $ - $ - Offsite Levy Receipts $ 305,200.23 $ 305,200.23 Public Facilities Fees Added To Rec Levy Account $ 2,243,289.63 $ - $ 2,548,489.86 Debenture Interest Expenditure $ - $ 2,548,489.86 Interest on Project Expenditure $ - " $ 2,548,489.86 Interest on Offsite Levy Receipts $ 3,052.00 $ 2,551,541.86 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ 22,432.90 $ 2,573,974.76 Interest on Debenture Expenditure $ - $ 2,573,974.76 2020 $ 2,573,974.76 Interest on Opening Balance $ 51,479.50 $ 2,625,454.25 Project Expenditures (OSL Share) As Reflected by City $ - $ 2,625,454.25 Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ - $ 2,625,454.25 Offsite Levy Receipts $ 644,729.83 $ 3,270,184.08 Public Facilities Fees Added To Rec Levy Account $ 278,797.50 $ 3,548,981.58 Interest on Project Expenditure $ - $ 3,548,981.58 Interest on Offsite Levy Receipts $ 6,447.30 $ 3,555,428.88 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ 2,787.98 $ 3,558,216.86 Page 169 City of Chestermere Offsite Levy Rates Update Page | 69 F7. Recreation Infrastructure Benefiting Areas Net developer costs for each project have been allocated to multiple benefiting offsite levy area (see tables below). Allocations are denoted with a "1" below applicable area numbers. Benefiting areas were determined by City staff. The lands anticipated to develop over the 25-years in each offsite levy benefitting area are used to determine rates. Benefiting Areas for Recreation Offsite Infrastructure F8. Reserve Balance The balance of the City's recreation reserve at December 31st, 2025 is approximately $12,253,123.41 million. This updated balance takes into consideration public facilities fees collected and transferred to the recreation account, and expenditures up to end-2025. Recreation Offsite Levy Reserve Balance Item Project Description Developer Cost 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 1 Land, Phase 1 $ 2,245,856 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 Rec Facility Phase 1 $ 19,211,052 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 3 Rec Facility Phase 2, Arenas (3 sheets) $ 10,218,333 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 4 Land Phase 2 (7 ac) $ 707,599 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 100 Additional Public Facility Fees $ - 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 32,382,840 $ Description Dr Cr Balance 2019 - $ Interest on Opening Balance - $ - $ Project Expenditures (OSL Share) As Reflected by City - $ - $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City - $ - $ Offsite Levy Receipts 305,200.23 $ 305,200.23 $ Public Facilities Fees Added To Rec Levy Account 2,243,289.63 $ - $ 2,548,489.86 $ Debenture Interest Expenditure - $ 2,548,489.86 $ Interest on Project Expenditure - $ 2,548,489.86 $ Interest on Offsite Levy Receipts 3,052.00 $ 2,551,541.86 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) 22,432.90 $ 2,573,974.76 $ Interest on Debenture Expenditure - $ 2,573,974.76 $ 2020 2,573,974.76 $ Interest on Opening Balance 51,479.50 $ 2,625,454.25 $ Project Expenditures (OSL Share) As Reflected by City - $ 2,625,454.25 $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City - $ 2,625,454.25 $ Offsite Levy Receipts 644,729.83 $ 3,270,184.08 $ Public Facilities Fees Added To Rec Levy Account 278,797.50 $ 3,548,981.58 $ Interest on Project Expenditure - $ 3,548,981.58 $ Interest on Offsite Levy Receipts 6,447.30 $ 3,555,428.88 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) 2,787.98 $ 3,558,216.86 $ City of Chestermere Offsite Levy Rates Update 2021 $ 3,558,216.86 Interest on Opening Balance $ 35,582.17" $ 3,593,799.03 Project Expenditures (OSL Share) As Reflected by City - $ - " $ 3,593,799.03 Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City"' $ - $ 3,593,799.03 Offsite Levy Receipts $ 1,246,776.78 $ 4,840,575.81 Public Facilities Fees Added To Rec Levy Account $ 122,000.00 $ 4,962,575.81 Interest on Project Expenditure $ - Nil $ 4,962,575.81 Interest on Offsite Levy Receipts $ 6,233.88 $ 4,968,809.69 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ 610.00 $ 4,969,419.69 2022 $ 4,969,419.69 Interest on Opening Balance $ 99,388.39 $ 5,068,808.08 Project Expenditures (OSL Share) As Reflected by City $ - $ 5,068,808.08 Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ - $ 5,068,808.08 Offsite Levy Receipts $ 1,474,636.67 $ 6,543,444.76 Public Facilities Fees Added To Rec Levy Account $ 6,543,444.76 Interest on Project Expenditure $ - $ 6,543,444.76 Interest on Offsite Levy Receipts $ 14,746.37 $ 6,558,191.12 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ 6,558,191.12 2023 $ 6,558,191.12 Interest on Opening Balance $ 137,982.28 $ 6,696,173.40 Project Expenditures (OSL Share) As Reflected by City $ - $ 6,696,173.40 Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ - $ 6,696,173.40 Offsite Levy Receipts $ 3,178,515.85 $ 9,874,689.25 Public Facilities Fees Added To Rec Levy Account $ 9,874,689.25 Interest on Project Expenditure $ - $ 9,874,689.25 Interest on Offsite Levy Receipts $ 31,785.16 $ 9,906,474.41 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ 9,906,474.41 2024 $ 9,906,474.41 Interest on Opening Balance $ 204,947.94 $ 10,111,422.35 Project Expenditures (OSL Share) As Reflected by City $ - $ 10,111,422.35 Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ - $ 10,111,422.35 Offsite Levy Receipts $ 2,773,547.35 $ 12,884,969.70 Public Facilities Fees Added To Rec Levy Account $ 12,884,969.70 Interest on Project Expenditure $ - $ 12,884,969.70 Interest on Offsite Levy Receipts $ 27,735.47 $ 12,912,705.17 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ 12,912,705.17 2025 $ 12,912,705.17 Interest on Opening Balance $ 245,341.40 $ 13,158,046.57 Project Expenditures (OSL Share) As Reflected by City - $ - $ 13,158,046.57 Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City"' $ 2,436,543.09 $ 10,721,503.48 Offsite Levy Receipts $ 1,544,118.26 $ 12,265,621.75 Public Facilities Fees Added To Rec Levy Account $ - $ 12,265,621.75 Interest on Project Expenditure $ 27,167.46" $ 12,238,454.29 Interest on Offsite Levy Receipts $ 14,669.12 $ 12,253,123.41 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ 12,253,123.41 F9. Development and Recreation Infrastructure Staging Impacts Recreation offsite infrastructure will be constructed in staged fashion over the 25-year review period. We have reviewed the availability of offsite levy funds to meet these Page 170 City of Chestermere Offsite Levy Rates Update Page | 70 F9. Development and Recreation Infrastructure Staging Impacts Recreation offsite infrastructure will be constructed in staged fashion over the 25-year review period. We have reviewed the availability of offsite levy funds to meet these 2021 3,558,216.86 $ Interest on Opening Balance 35,582.17 $ 3,593,799.03 $ Project Expenditures (OSL Share) As Reflected by City - $ 3,593,799.03 $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City - $ 3,593,799.03 $ Offsite Levy Receipts 1,246,776.78 $ 4,840,575.81 $ Public Facilities Fees Added To Rec Levy Account 122,000.00 $ 4,962,575.81 $ Interest on Project Expenditure - $ 4,962,575.81 $ Interest on Offsite Levy Receipts 6,233.88 $ 4,968,809.69 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) 610.00 $ 4,969,419.69 $ 2022 4,969,419.69 $ Interest on Opening Balance 99,388.39 $ 5,068,808.08 $ Project Expenditures (OSL Share) As Reflected by City - $ 5,068,808.08 $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City - $ 5,068,808.08 $ Offsite Levy Receipts 1,474,636.67 $ 6,543,444.76 $ Public Facilities Fees Added To Rec Levy Account 6,543,444.76 $ Interest on Project Expenditure - $ 6,543,444.76 $ Interest on Offsite Levy Receipts 14,746.37 $ 6,558,191.12 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) 6,558,191.12 $ 2023 6,558,191.12 $ Interest on Opening Balance 137,982.28 $ 6,696,173.40 $ Project Expenditures (OSL Share) As Reflected by City - $ 6,696,173.40 $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City - $ 6,696,173.40 $ Offsite Levy Receipts 3,178,515.85 $ 9,874,689.25 $ Public Facilities Fees Added To Rec Levy Account 9,874,689.25 $ Interest on Project Expenditure - $ 9,874,689.25 $ Interest on Offsite Levy Receipts 31,785.16 $ 9,906,474.41 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) 9,906,474.41 $ 2024 9,906,474.41 $ Interest on Opening Balance 204,947.94 $ 10,111,422.35 $ Project Expenditures (OSL Share) As Reflected by City - $ 10,111,422.35 $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City - $ 10,111,422.35 $ Offsite Levy Receipts 2,773,547.35 $ 12,884,969.70 $ Public Facilities Fees Added To Rec Levy Account 12,884,969.70 $ Interest on Project Expenditure - $ 12,884,969.70 $ Interest on Offsite Levy Receipts 27,735.47 $ 12,912,705.17 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) 12,912,705.17 $ 2025 12,912,705.17 $ Interest on Opening Balance 245,341.40 $ 13,158,046.57 $ Project Expenditures (OSL Share) As Reflected by City - $ 13,158,046.57 $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City 2,436,543.09 $ 10,721,503.48 $ Offsite Levy Receipts 1,544,118.26 $ 12,265,621.75 $ Public Facilities Fees Added To Rec Levy Account - $ 12,265,621.75 $ Interest on Project Expenditure 27,167.46 $ 12,238,454.29 $ Interest on Offsite Levy Receipts 14,669.12 $ 12,253,123.41 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 12,253,123.41 $ City of Chestermere Offsite Levy Rates Update construction requirements and found that offsite levy reserve funds will not be sufficient to pay for construction of recreation infrastructure from time to time--front ending of infrastructure will be required. A front-ender is the party that constructs and pays up front for infrastructure that benefits other parties. The front-ender (be it a municipality or a developer) is reimbursed over time as levies are collected, and in accordance with the municipality's front-ending repayment policies. To compensate parties for capital they provide in front-ending offsite infrastructure construction, a 4.46% interest allowance has been charged to the reserve when it is forecast to be in a negative balance. Further, a 1.90% interest credit has been provided to the reserve when it is forecast to be in a positive balance. The graph and table below outline the forecast recreation levy reserve balances over the 25-year development period. If necessary, an interest staging adjustment has been applied to rates (slightly positive or slightly negative) to ensure that the forecast reserve balance at the end of the 25-year review period always returns to break-even (i.e., developers are not charged too much thereby providing a windfall to the City, nor are they charged too little thereby placing an unequitable burden on taxpayers). Anticipated Recreation Offsite Levy Reserve Balances8 Recreation Reserve $20,000,000 $15,000,000 $10,000,000 $5,000,000 $(5,000,000) $(1 0,000,000) $(1 5,000,000) i i CO i i G) i i i i CV LO I. I I I 03 . I I i i 1- I I I i i 1"-- I I 0 8 CV 8 CV CV - CV - CV - CV t. a CJ CJ Year Reserve Balance Page 171 City of Chestermere Offsite Levy Rates Update Page | 71 construction requirements and found that offsite levy reserve funds will not be sufficient to pay for construction of recreation infrastructure from time to time--front ending of infrastructure will be required. A front-ender is the party that constructs and pays up front for infrastructure that benefits other parties. The front-ender (be it a municipality or a developer) is reimbursed over time as levies are collected, and in accordance with the municipality's front-ending repayment policies. To compensate parties for capital they provide in front-ending offsite infrastructure construction, a 4.46% interest allowance has been charged to the reserve when it is forecast to be in a negative balance. Further, a 1.90% interest credit has been provided to the reserve when it is forecast to be in a positive balance. The graph and table below outline the forecast recreation levy reserve balances over the 25-year development period. If necessary, an interest staging adjustment has been applied to rates (slightly positive or slightly negative) to ensure that the forecast reserve balance at the end of the 25-year review period always returns to break-even (i.e., developers are not charged too much thereby providing a windfall to the City, nor are they charged too little thereby placing an unequitable burden on taxpayers). Anticipated Recreation Offsite Levy Reserve Balances8 City of Chestermere Offsite Levy Rates Update Anticipated Recreation Offsite Levy Reserve Balances Opening Balance $ 12,253,123 Year Receipts Expenditure Interest Balance 2026 $ 2,807,209 $ - $ 286,146 $ 15,346,479 2027 $ 1,945,121 $ 14,683,316 $ 49,557 $ 2,657,841 2028 $ 1,999,615 $ 15,109,132 $ (466,145) $ (10,917,820) 2029 $ 1,965,531 $ - $ (399,272) $ (9,351,560) 2030 $ 1,692,198 $ - $ (341,608) $ (8,000,970) 2031 $ 2,333,513 $ - $ (252,769) $ (5,920,225) 2032 $ 1,915,154 $ - $ (178,626) $ (4,183,697) 2033 $ 1,979,526 $ - $ (98,306) $ (2,302,477) 2034 $ 1,607,507 $ - $ (30,996) $ (725,966) 2035 $ 2,038,138 $ - $ 24,931 $ 1,337,104 2036 $ 1,172,821 $ - $ 47,689 $ 2,557,613 2037 $ 1,516,277 $ - $ 77,404 $ 4,151,294 2038 $ 1,560,249 $ - $ 108,519 $ 5,820,062 2039 $ 2,555,688 $ 1,067,046 $ 138,865 $ 7,447,569 2040 $ 1,989,210 $ - $ 179,299 $ 9,616,077 2041 $ 1,873,431 $ - $ 218,301 $ 11,707,809 2042 $ 1,827,803 $ - $ 257,177 $ 13,792,788 2043 $ 1,449,545 $ - $ 289,604 $ 15,531,938 2044 $ 1,511,994 $ 24,230,438 $ (320,518) $ (7,507,024) 2045 $ 1,477,038 $ - $ (268,937) $ (6,298,923) 2046 $ 1,483,291 $ - $ (214,777) $ (5,030,410) 2047 $ 1,251,192 $ - $ (168,553) $ (3,947,771) 2048 $ 1,228,993 $ - $ (121,257) $ (2,840,035) 2049 $ 1,437,322 $ - $ (62,561) $ (1,465,274) 2050 $ 1,465,274 $ - $ (0) $ (0) 8 In determining staging adjustments, the offsite levy model also applies inflation to future rates. In so doing it acknowledges that rates must keep pace with inflation just as costs do. Also, it acknowledges that an offsite levy rate of $X paid today is not worth the same as the equivalent $X rate paid in the future (i.e., it is discounted). Page 172 City of Chestermere Offsite Levy Rates Update Page | 72 Anticipated Recreation Offsite Levy Reserve Balances 8 In determining staging adjustments, the offsite levy model also applies inflation to future rates. In so doing it acknowledges that rates must keep pace with inflation just as costs do. Also, it acknowledges that an offsite levy rate of $X paid today is not worth the same as the equivalent $X rate paid in the future (i.e., it is discounted). Opening Balance 12,253,123 $ Year Receipts Expenditure Interest Balance 2026 2,807,209 $ - $ 286,146 $ 15,346,479 $ 2027 1,945,121 $ 14,683,316 $ 49,557 $ 2,657,841 $ 2028 1,999,615 $ 15,109,132 $ (466,145) $ (10,917,820) $ 2029 1,965,531 $ - $ (399,272) $ (9,351,560) $ 2030 1,692,198 $ - $ (341,608) $ (8,000,970) $ 2031 2,333,513 $ - $ (252,769) $ (5,920,225) $ 2032 1,915,154 $ - $ (178,626) $ (4,183,697) $ 2033 1,979,526 $ - $ (98,306) $ (2,302,477) $ 2034 1,607,507 $ - $ (30,996) $ (725,966) $ 2035 2,038,138 $ - $ 24,931 $ 1,337,104 $ 2036 1,172,821 $ - $ 47,689 $ 2,557,613 $ 2037 1,516,277 $ - $ 77,404 $ 4,151,294 $ 2038 1,560,249 $ - $ 108,519 $ 5,820,062 $ 2039 2,555,688 $ 1,067,046 $ 138,865 $ 7,447,569 $ 2040 1,989,210 $ - $ 179,299 $ 9,616,077 $ 2041 1,873,431 $ - $ 218,301 $ 11,707,809 $ 2042 1,827,803 $ - $ 257,177 $ 13,792,788 $ 2043 1,449,545 $ - $ 289,604 $ 15,531,938 $ 2044 1,511,994 $ 24,230,438 $ (320,518) $ (7,507,024) $ 2045 1,477,038 $ - $ (268,937) $ (6,298,923) $ 2046 1,483,291 $ - $ (214,777) $ (5,030,410) $ 2047 1,251,192 $ - $ (168,553) $ (3,947,771) $ 2048 1,228,993 $ - $ (121,257) $ (2,840,035) $ 2049 1,437,322 $ - $ (62,561) $ (1,465,274) $ 2050 1,465,274 $ - $ (0) $ (0) $ City of Chestermere Offsite Levy Rates Update APPENDIX G: FIRE STATIONS OFFSITE INFRASTRUCTURE Gl. Fire Offsite Infrastructure Costs To support future growth, fire facility offsite infrastructure is required. The estimated cost of this infrastructure is based upon: (a) actual construction costs to the cut-off date, (b) debenture interest associated with financing, and (c) future cost estimates. Total cost is approximately $14.89 million as outlined in the table below. Actual costs, debenture interest (if any), and cost estimates were provided by City staff. It is important to note that these costs represent "gross" costs, of which only a portion will go to support future development during the 25-year review period. The remainder of this section outlines how the "net" costs for future development are determined. Summary of Fire Offsite Infrastructure Item Project Description Cost of Completed Work & Historical Interest Future Debenture Interest Estimated Cost of Work Yet to be Completed Total Project Estimated Cost 1 Purchase Land $ - $ - $ 1,836,000 $ 1,836,000 2 Fire Hall 117 $ 58,479 $ - $ 12,229,000 $ 12,287,479 3 Fire Hall 117 Training Facility $ - $ - $ 768,000 $ 768,000 100 Unallocated Offsite Levies - NOT USED (DO NOT DELETE) $ - $ - $ - $ - $ 58,479 $ - $ 14,833,000 $ 14,891,479 *Costs estimates are reflected in current dollars. **Estimates include engineering costs and contingencies. ***offsite levy project details, allocations, etc. were determined by City staff and their engineering/consulting advisors. **** Project numbering may be out of sequence as rows containing deleted projects are hidden. G2. Fire Offsite Infrastructure Grants & Contributions to Date The MGA enables the City to allocate the costs of offsite infrastructure to future development, other than those costs that have been provided by way of special grant or contribution (i.e., contributed infrastructure). The City has/will receive $0.00 million in special grants and contributions for fire offsite levy infrastructure as shown in the table below (note, if the City receives other grants or contributions in the future, it will be reflected in one of the annual updates and rates adjusted accordingly). The result is that the total reduced project estimated cost is $14.89 million. Page 173 City of Chestermere Offsite Levy Rates Update Page | 73 APPENDIX G: FIRE STATIONS OFFSITE INFRASTRUCTURE G1. Fire Offsite Infrastructure Costs To support future growth, fire facility offsite infrastructure is required. The estimated cost of this infrastructure is based upon: (a) actual construction costs to the cut-off date, (b) debenture interest associated with financing, and (c) future cost estimates. Total cost is approximately $14.89 million as outlined in the table below. Actual costs, debenture interest (if any), and cost estimates were provided by City staff. It is important to note that these costs represent "gross" costs, of which only a portion will go to support future development during the 25-year review period. The remainder of this section outlines how the "net" costs for future development are determined. Summary of Fire Offsite Infrastructure *Costs estimates are reflected in current dollars. **Estimates include engineering costs and contingencies. ***Offsite levy project details, allocations, etc. were determined by City staff and their engineering/consulting advisors. **** Project numbering may be out of sequence as rows containing deleted projects are hidden. G2. Fire Offsite Infrastructure Grants & Contributions to Date The MGA enables the City to allocate the costs of offsite infrastructure to future development, other than those costs that have been provided by way of special grant or contribution (i.e., contributed infrastructure). The City has/will receive $0.00 million in special grants and contributions for fire offsite levy infrastructure as shown in the table below (note, if the City receives other grants or contributions in the future, it will be reflected in one of the annual updates and rates adjusted accordingly). The result is that the total reduced project estimated cost is $14.89 million. Item Project Description Cost of Completed Work & Historical Interest Future Debenture Interest Estimated Cost of Work Yet to be Completed Total Project Estimated Cost 1 Purchase Land $ - - $ 1,836,000 $ 1,836,000 $ 2 Fire Hall 117 $ 58,479 - $ 12,229,000 $ 12,287,479 $ 3 Fire Hall 117 Training Facility $ - - $ 768,000 $ 768,000 $ 100 Unallocated Offsite Levies - NOT USED (DO NOT DELETE) $ - - $ - $ - $ 58,479 $ - $ 14,833,000 $ 14,891,479 $ City of Chestermere Offsite Levy Rates Update Special Grants and Contributions for Fire Offsite Infrastructure Item Project Description Total Project Estimated Cost Special Provincial Grants Developer Agreement Contributions Other Contributions Reduced Project Estimated Cost 1 Purchase Land $ 1,836,000 $ - $ - $ - $ 1,836,000 2 Fire Hall 117 $ 12,287,479 $ - $ - $ - $ 12,287,479 3 Fire Hall 117 Training Facility $ 768,000 $ - $ - $ - $ 768,000 100 Unallocated Offsite Levies - NOT USED (DO NOT DELETE) $ - $ - $ - $ - $ - $ 14,891,479 $ - $ - $ - $ 14,891,479 G3. Fire Infrastructure Staging The timing of construction is used to determine the impact of inflation on cost, the impact of forecast reserve balances, and the estimate of financial oversizing (described in the Section that follows). The City anticipates construction of offsite infrastructure as outlined in the table below. Note, if this schedule is adjusted in the future, it will be reflected in one of the annual rate/bylaw updates. Fire Infrastructure Staging Item Project Description Construction Start Year 1 Purchase Land 2026 2 Fire Hall 117 2026 3 Fire Hall 117 Training Facility 2026 *The share of projects beyond the 25-year review period are not included in rates today (see financial oversizing in next section). **Costs are inflated to the year of construction using an inflation rate of 2.9% for the next year, and 2.9% thereafter. G4. Fire Offsite Infrastructure Benefiting Parties The fire offsite infrastructure previously outlined will benefit various parties to varying degrees as determined by City staff and engineering advisors. The potential benefiting parties include: - City of Chestermere - that portion of cost which is required to service existing residents. - Other Stakeholders - other parties (such as neighboring municipalities) that benefit Page 174 City of Chestermere Offsite Levy Rates Update Page | 74 Special Grants and Contributions for Fire Offsite Infrastructure G3. Fire Infrastructure Staging The timing of construction is used to determine the impact of inflation on cost, the impact of forecast reserve balances, and the estimate of financial oversizing (described in the Section that follows). The City anticipates construction of offsite infrastructure as outlined in the table below. Note, if this schedule is adjusted in the future, it will be reflected in one of the annual rate/bylaw updates. Fire Infrastructure Staging *The share of projects beyond the 25-year review period are not included in rates today (see financial oversizing in next section). **Costs are inflated to the year of construction using an inflation rate of 2.9% for the next year, and 2.9% thereafter. G4. Fire Offsite Infrastructure Benefiting Parties The fire offsite infrastructure previously outlined will benefit various parties to varying degrees as determined by City staff and engineering advisors. The potential benefiting parties include:  City of Chestermere - that portion of cost which is required to service existing residents.  Other Stakeholders - other parties (such as neighboring municipalities) that benefit Item Project Description Total Project Estimated Cost Special Provincial Grants Developer Agreement Contributions Other Contributions Reduced Project Estimated Cost 1 Purchase Land 1,836,000 $ - $ - $ $ - 1,836,000 $ 2 Fire Hall 117 12,287,479 $ - $ - $ $ - 12,287,479 $ 3 Fire Hall 117 Training Facility 768,000 $ - $ - $ $ - 768,000 $ 100 Unallocated Offsite Levies - NOT USED (DO NOT DELETE) - $ - $ - $ $ - - $ 14,891,479 $ - $ - $ - $ 14,891,479 $ Item Project Description Construction Start Year 1 Purchase Land 2026 2 Fire Hall 117 2026 3 Fire Hall 117 Training Facility 2026 City of Chestermere Offsite Levy Rates Update from the infrastructure. - City of Chestermere Future Development (Financial Oversizing) - that portion of cost which benefits future development beyond the 25-year review period. - City of Chestermere Future Development (in Rates) - all growth-related infrastructure (i.e., leviable recreation infrastructure costs) during the 25-year rate planning period. The table below outlines the allocation of fire offsite levy infrastructure costs to benefiting parties. Project allocations were determined by City staff. Allocation of Fire Infrastructure to Benefiting Parties Item Project Description Reduced Project Estimated Cost Muni Share % Other Stakeholder Share Developer Share Beyond 25 Yrs (Financial Oversizing %) 1 Purchase Land $ 1,836,000 0.0% 2 Fire Hall 117 $ 12,287,479 0.0% 3 Fire Hall 117 Training Facility $ 768,000 0.0% $ 14,891,479 *Allocations to future development (vs municipal share etc.) were determined by City staff and their engineering/consulting advisors. **Financial oversizing is determined by separating out the pro rata portion of developer cost beyond the 25-year review period, in comparison with the anticipated year of construction. As the years move forward and rates are updated, these additional developer costs will be included in rate calculations. For example, a project which is slated to be constructed in year 20 of the 25-year review period will have 20% (5/25) of its costs in rates today, and 80% (20/25) of its costs will sit beyond the 25-year review period. G5. Existing Receipts & Adjusted Levy Cost Using the offsite levy share percentages shown in the previous section and applying those percentages to project costs results in an offsite levy cost of approximately $14.89 million. However, prior to allocating these costs to benefiting areas, existing offsite levy receipts collected from developers need to be considered in determining the residual/net costs to developers. The City has collected $2.19 million in offsite levies to date, and results in an adjusted offsite levy cost of approximately $12.70 million. Page 175 City of Chestermere Offsite Levy Rates Update Page | 75 from the infrastructure.  City of Chestermere Future Development (Financial Oversizing) - that portion of cost which benefits future development beyond the 25-year review period.  City of Chestermere Future Development (in Rates) - all growth-related infrastructure (i.e., leviable recreation infrastructure costs) during the 25-year rate planning period. The table below outlines the allocation of fire offsite levy infrastructure costs to benefiting parties. Project allocations were determined by City staff. Allocation of Fire Infrastructure to Benefiting Parties *Allocations to future development (vs municipal share etc.) were determined by City staff and their engineering/consulting advisors. **Financial oversizing is determined by separating out the pro rata portion of developer cost beyond the 25-year review period, in comparison with the anticipated year of construction. As the years move forward and rates are updated, these additional developer costs will be included in rate calculations. For example, a project which is slated to be constructed in year 20 of the 25-year review period will have 20% (5/25) of its costs in rates today, and 80% (20/25) of its costs will sit beyond the 25-year review period. G5. Existing Receipts & Adjusted Levy Cost Using the offsite levy share percentages shown in the previous section and applying those percentages to project costs results in an offsite levy cost of approximately $14.89 million. However, prior to allocating these costs to benefiting areas, existing offsite levy receipts collected from developers need to be considered in determining the residual/net costs to developers. The City has collected $2.19 million in offsite levies to date, and results in an adjusted offsite levy cost of approximately $12.70 million. Item Project Description Reduced Project Estimated Cost Muni Share % Other Stakeholder Share Developer Share Beyond 25 Yrs (Financial Oversizing %) 1 Purchase Land 1,836,000 $ 0.0% 2 Fire Hall 117 12,287,479 $ 0.0% 3 Fire Hall 117 Training Facility 768,000 $ 0.0% 14,891,479 $ City of Chestermere Offsite Levy Rates Update Offsite Levy Funds Collected to Date & Adjusted Levy Cost Item Project Description OSL / Developer Cost Offsite Levy Funds Collected to Dec 31, 2016 Offsite Levy Funds Collected Starting Jan 1, 2017 Adjusted Developer (Levy) Cost 1 Purchase Land $ 1,836,000 $ - $ 290,280 $ 1,545,720 2 Fire Hall 117 $ 12,287,479 $ - $ 1,852,541 $ 10,434,938 3 Fire Hall 117 Training Facility $ 768,000 $ - $ 49,055 $ 718,945 100 Unallocated Offsite Levies - NOT USED (DO NOT DELETE) $ - $ - $ - $ - $ 14,891,479 $ - $ 2,191,875 $ 12,699,604 G6. Summary of Fire Offsite Levy Cost Flow-through As shown in the figure below, the total cost for fire infrastructure that forms the basis of the rate is approximately $12.74 million. The cost allocations to each benefitting party are based on the benefitting percentages shown in Section F4. The offsite levy balance (due from developers) is allocated to various benefitting areas (as described in the next section). Total Fire Offsite Levy Costs = Future Developmen (OSL Share) $14.89M Less: Levy Receipts Applied $2.19M = Off-site Balance* 12.70M = Future Development 4 "Financial Oversizing" $0.00M Less: Special Project = Project = Other Grants & Costs Contributions Balance Share $14.89M $0 $14.89M $0.00M G7. Fire Infrastructure Benefiting Areas = Existing Developmen (City Share) $0.00M Net developer costs for each project have been allocated to multiple benefiting offsite levy area (see tables below). Allocations are denoted with a "1" below applicable area numbers. Benefiting areas were determined by City staff. The lands anticipated to develop over the 25-years in each offsite levy benefitting area are used to determine rates. Page 176 City of Chestermere Offsite Levy Rates Update Page | 76 Offsite Levy Funds Collected to Date & Adjusted Levy Cost G6. Summary of Fire Offsite Levy Cost Flow-through As shown in the figure below, the total cost for fire infrastructure that forms the basis of the rate is approximately $12.74 million. The cost allocations to each benefitting party are based on the benefitting percentages shown in Section F4. The offsite levy balance (due from developers) is allocated to various benefitting areas (as described in the next section). Total Fire Offsite Levy Costs G7. Fire Infrastructure Benefiting Areas Net developer costs for each project have been allocated to multiple benefiting offsite levy area (see tables below). Allocations are denoted with a "1" below applicable area numbers. Benefiting areas were determined by City staff. The lands anticipated to develop over the 25-years in each offsite levy benefitting area are used to determine rates. Project Costs $14.89M = Future Development (OSL Share) = Existing Development (City Share) Less: Levy Receipts Applied $2.19M = Off-site Balance* $12.70M Less: Special Grants & Contributions $0 Item Project Description OSL / Developer Cost Offsite Levy Funds Collected to Dec 31, 2016 Offsite Levy Funds Collected Starting Jan 1, 2017 Adjusted Developer (Levy) Cost 1 Purchase Land 1,836,000 $ - $ 290,280 $ 1,545,720 $ 2 Fire Hall 117 12,287,479 $ - $ 1,852,541 $ 10,434,938 $ 3 Fire Hall 117 Training Facility 768,000 $ - $ 49,055 $ 718,945 $ 100 Unallocated Offsite Levies - NOT USED (DO NOT DELETE) - $ - $ - $ - $ 14,891,479 $ - $ 2,191,875 $ 12,699,604 $ City of Chestermere Offsite Levy Rates Update Benefiting Areas for Fire Offsite Infrastructure Item Project Description Developer 1 2 3 4 5 6 7 8 9 9 10 11 12 13 14 15 16 17 18 19 20 21 22 1 Purchase Land $ 1,545,720 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 Fire Hall 117 $ 10,434,938 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 3 Fire Hall 117 Training Facility $ 718,945 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 $ 12,699,604 G8. Reserve Balance The balance of the City's fire reserve at December 31st, 2025 is $2,205,157.14. This updated balance takes into consideration public facilities fees collected and transferred to the fire account, and expenditures up to end-2025. Fire Offsite Levy Reserve Balance Description Dr Cr Balance Offsite Levy Expenditures to December 31, 2016 $ - $ - Offsite Levy Receipt Allocations to December 31, 2016 $ - $ - Debenture Interest Expenditure to December 31, 2016 $ - $ - Unallocated Receipts to December 31, 2016 $ - $ - Opening Balance 2023 $ - Interest on Opening Balance $ - Project Expenditures (OSL Share) $ - $ - Offsite Levy Receipts $ 357,188.92 $ 357,188.92 Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ 357,188.92 Debenture Interest Expenditure This Year $ - $ 357,188.92 Interest on Project Expenditure $ - $ 357,188.92 Interest on Offsite Levy Receipts $ 3,571.89 $ 360,760.81 Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ 360,760.81 Interest on Debenture Interest Expenditure $ - $ 360,760.81 2024 $ 360,760.81 Interest on Opening Balance $ 22,582.21 $ 383,343.02 Project Expenditures (OSL Share) $ 33,157.35 $ 350,185.67 Offsite Levy Receipts $ 1,129,110.39 $ 1,479,296.06 Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ 1,479,296.06 Debenture Interest Expenditure This Year $ - $ 1,479,296.06 Interest on Project Expenditure $ 417.78 $ 1,478,878.28 Interest on Offsite Levy Receipts $ 11,291.10 $ 1,490,169.38 Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ 1,490,169.38 Interest on Debenture Interest Expenditure $ - $ 1,490,169.38 2025 $ 1,490,169.38 Interest on Opening Balance $ 28,313.22 $ 1,518,482.60 Project Expenditures (OSL Share) As Reflected by City $ - $ 1,518,482.60 Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ 25,322.00 $ 1,493,160.60 Offsite Levy Receipts $ 705,575.92 $ 2,198,736.51 Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ 2,198,736.51 Interest on Project Expenditure $ 282.341 $ 2,198,454.17 Interest on Offsite Levy Receipts $ 6,702.97 $ 2,205,157.14 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ 2,205,157.14 Page 177 City of Chestermere Offsite Levy Rates Update Page | 77 Benefiting Areas for Fire Offsite Infrastructure G8. Reserve Balance The balance of the City's fire reserve at December 31st, 2025 is $2,205,157.14. This updated balance takes into consideration public facilities fees collected and transferred to the fire account, and expenditures up to end-2025. Fire Offsite Levy Reserve Balance Item Project Description Developer Cost 1 2 3 4 5 6 7 8 9 9 10 11 12 13 14 15 16 17 18 19 20 21 22 1 Purchase Land $ 1,545,720 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 Fire Hall 117 $ 10,434,938 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 3 Fire Hall 117 Training Facility $ 718,945 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 12,699,604 $ Description Dr Cr Balance Offsite Levy Expenditures to December 31, 2016 - $ - $ Offsite Levy Receipt Allocations to December 31, 2016 - $ - $ Debenture Interest Expenditure to December 31, 2016 - $ - $ Unallocated Receipts to December 31, 2016 - $ - $ Opening Balance - $ 2023 - $ Interest on Opening Balance - $ Project Expenditures (OSL Share) - $ - $ Offsite Levy Receipts 357,188.92 $ 357,188.92 $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 357,188.92 $ Debenture Interest Expenditure This Year - $ 357,188.92 $ Interest on Project Expenditure - $ 357,188.92 $ Interest on Offsite Levy Receipts 3,571.89 $ 360,760.81 $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 360,760.81 $ Interest on Debenture Interest Expenditure - $ 360,760.81 $ 2024 360,760.81 $ Interest on Opening Balance 22,582.21 $ 383,343.02 $ Project Expenditures (OSL Share) 33,157.35 $ 350,185.67 $ Offsite Levy Receipts 1,129,110.39 $ 1,479,296.06 $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 1,479,296.06 $ Debenture Interest Expenditure This Year - $ 1,479,296.06 $ Interest on Project Expenditure 417.78 $ 1,478,878.28 $ Interest on Offsite Levy Receipts 11,291.10 $ 1,490,169.38 $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 1,490,169.38 $ Interest on Debenture Interest Expenditure - $ 1,490,169.38 $ 2025 1,490,169.38 $ Interest on Opening Balance 28,313.22 $ 1,518,482.60 $ Project Expenditures (OSL Share) As Reflected by City - $ 1,518,482.60 $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City 25,322.00 $ 1,493,160.60 $ Offsite Levy Receipts 705,575.92 $ 2,198,736.51 $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 2,198,736.51 $ Interest on Project Expenditure 282.34 $ 2,198,454.17 $ Interest on Offsite Levy Receipts 6,702.97 $ 2,205,157.14 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 2,205,157.14 $ City of Chestermere Offsite Levy Rates Update G9. Development and Fire Infrastructure Staging Impacts Fire offsite infrastructure will be constructed in staged fashion over the 25-year review period. We have reviewed the availability of offsite levy funds to meet these construction requirements and found that offsite levy reserve funds will not be sufficient to pay for construction of fire infrastructure from time to time--front ending of infrastructure will be required. A front-ender is the party that constructs and pays up front for infrastructure that benefits other parties. The front-ender (be it a municipality or a developer) is reimbursed over time as levies are collected, and in accordance with the municipality's front-ending repayment policies. To compensate parties for capital they provide in front-ending offsite infrastructure construction, a 4.46% interest allowance has been charged to the reserve when it is forecast to be in a negative balance. Further, a 1.90% interest credit has been provided to the reserve when it is forecast to be in a positive balance. The graph and table below outline the forecast fire levy reserve balances over the 25-year development period. If necessary, an interest staging adjustment has been applied to rates (slightly positive or slightly negative) to ensure that the forecast reserve balance at the end of the 25-year review period always returns to break-even (i.e., developers are not charged too much thereby providing a windfall to the City, nor are they charged too little thereby placing an unequitable burden on taxpayers). Anticipated Fire Offsite Levy Reserve Balances9 Fire Reserve $2,000,000 $ $(2,000,000) $(4,000,000) to $(6,000,000) $(8900,000) $(10,000,000) $(12,000,000) $(14,000,000) co a) CA Lo co .zr r- o O cN o (N O (NJ O cv O (NI g N o N o (N Year --0--Reserve Balance 9 In determining staging adjustments, the offsite levy model also applies inflation to future rates. In so doing it acknowledges that rates must keep pace with inflation just as costs do. Also, it acknowledges that an offsite levy rate of $X paid today is not worth the same as the equivalent $X rate paid in the future (i.e., it is discounted). Page 178 City of Chestermere Offsite Levy Rates Update Page | 78 G9. Development and Fire Infrastructure Staging Impacts Fire offsite infrastructure will be constructed in staged fashion over the 25-year review period. We have reviewed the availability of offsite levy funds to meet these construction requirements and found that offsite levy reserve funds will not be sufficient to pay for construction of fire infrastructure from time to time--front ending of infrastructure will be required. A front-ender is the party that constructs and pays up front for infrastructure that benefits other parties. The front-ender (be it a municipality or a developer) is reimbursed over time as levies are collected, and in accordance with the municipality's front-ending repayment policies. To compensate parties for capital they provide in front-ending offsite infrastructure construction, a 4.46% interest allowance has been charged to the reserve when it is forecast to be in a negative balance. Further, a 1.90% interest credit has been provided to the reserve when it is forecast to be in a positive balance. The graph and table below outline the forecast fire levy reserve balances over the 25-year development period. If necessary, an interest staging adjustment has been applied to rates (slightly positive or slightly negative) to ensure that the forecast reserve balance at the end of the 25-year review period always returns to break-even (i.e., developers are not charged too much thereby providing a windfall to the City, nor are they charged too little thereby placing an unequitable burden on taxpayers). Anticipated Fire Offsite Levy Reserve Balances9 9 In determining staging adjustments, the offsite levy model also applies inflation to future rates. In so doing it acknowledges that rates must keep pace with inflation just as costs do. Also, it acknowledges that an offsite levy rate of $X paid today is not worth the same as the equivalent $X rate paid in the future (i.e., it is discounted). City of Chestermere Offsite Levy Rates Update Anticipated Fire Offsite Levy Reserve Balances Opening Balance $ 2,205,157 Year Receipts Expenditure Interest Balance 2026 $ 1,238,045 $ 11,627,609 $ (365,025) $ (8,549,432) 2027 $ 857,844 $ 3,358,522 $ (492,835) $ (11,542,945) 2028 $ 881,877 $ - $ (475,484) $ (11,136,552) 2029 $ 866,845 $ - $ (458,029) $ (10,727,736) 2030 $ 746,299 $ - $ (445,172) $ (10,426,609) 2031 $ 1,029,134 $ - $ (419,127) $ (9,816,602) 2032 $ 844,628 $ - $ (400,150) $ (9,372,125) 2033 $ 873,017 $ - $ (379,060) $ (8,878,168) 2034 $ 708,948 $ - $ (364,347) $ (8,533,567) 2035 $ 898,867 $ - $ (340,508) $ (7,975,208) 2036 $ 517,241 $ - $ (332,625) $ (7,790,592) 2037 $ 668,713 $ - $ (317,636) $ (7,439,515) 2038 $ 688,106 $ - $ (301,113) $ (7,052,521) 2039 $ 1,127,118 $ - $ (264,273) $ (6,189,676) 2040 $ 877,288 $ - $ (236,933) $ (5,549,321) 2041 $ 826,227 $ - $ (210,650) $ (4,933,744) 2042 $ 806,104 $ - $ (184,093) $ (4,311,733) 2043 $ 639,283 $ - $ (163,791) $ (3,836,241) 2044 $ 666,825 $ - $ (141,356) $ (3,310,773) 2045 $ 651,408 $ - $ (118,608) $ (2,777,972) 2046 $ 654,166 $ - $ (94,722) $ (2,218,528) 2047 $ 551,805 $ - $ (74,336) $ (1,741,059) 2048 $ 542,015 $ - $ (53,477) $ (1,252,522) 2049 $ 633,893 $ - $ (27,591) $ (646,220) 2050 $ 646,220 $ - $ 0 $ 0 9 In determining staging adjustments, the offsite levy model also applies inflation to future rates. In so doing it acknowledges that rates must keep pace with inflation just as costs do. Also, it acknowledges that an offsite levy rate of $X paid today is not worth the same as the equivalent $X rate paid in the future (i.e., it is discounted). Page 179 City of Chestermere Offsite Levy Rates Update Page | 79 Anticipated Fire Offsite Levy Reserve Balances 9 In determining staging adjustments, the offsite levy model also applies inflation to future rates. In so doing it acknowledges that rates must keep pace with inflation just as costs do. Also, it acknowledges that an offsite levy rate of $X paid today is not worth the same as the equivalent $X rate paid in the future (i.e., it is discounted). Opening Balance 2,205,157 $ Year Receipts Expenditure Interest Balance 2026 1,238,045 $ 11,627,609 $ (365,025) $ (8,549,432) $ 2027 857,844 $ 3,358,522 $ (492,835) $ (11,542,945) $ 2028 881,877 $ - $ (475,484) $ (11,136,552) $ 2029 866,845 $ - $ (458,029) $ (10,727,736) $ 2030 746,299 $ - $ (445,172) $ (10,426,609) $ 2031 1,029,134 $ - $ (419,127) $ (9,816,602) $ 2032 844,628 $ - $ (400,150) $ (9,372,125) $ 2033 873,017 $ - $ (379,060) $ (8,878,168) $ 2034 708,948 $ - $ (364,347) $ (8,533,567) $ 2035 898,867 $ - $ (340,508) $ (7,975,208) $ 2036 517,241 $ - $ (332,625) $ (7,790,592) $ 2037 668,713 $ - $ (317,636) $ (7,439,515) $ 2038 688,106 $ - $ (301,113) $ (7,052,521) $ 2039 1,127,118 $ - $ (264,273) $ (6,189,676) $ 2040 877,288 $ - $ (236,933) $ (5,549,321) $ 2041 826,227 $ - $ (210,650) $ (4,933,744) $ 2042 806,104 $ - $ (184,093) $ (4,311,733) $ 2043 639,283 $ - $ (163,791) $ (3,836,241) $ 2044 666,825 $ - $ (141,356) $ (3,310,773) $ 2045 651,408 $ - $ (118,608) $ (2,777,972) $ 2046 654,166 $ - $ (94,722) $ (2,218,528) $ 2047 551,805 $ - $ (74,336) $ (1,741,059) $ 2048 542,015 $ - $ (53,477) $ (1,252,522) $ 2049 633,893 $ - $ (27,591) $ (646,220) $ 2050 646,220 $ - $ 0 $ 0 $ City of Chestermere Offsite Levy Rates Update APPENDIX H: LIBRARY OFFSITE INFRASTRUCTURE Hl. Library Offsite Infrastructure Costs To support future growth, library offsite infrastructure is required. The estimated cost of this infrastructure is based upon: (a) actual construction costs to the cut-off date, (b) debenture interest associated with financing, and (c) future cost estimates. Total cost is approximately $24.00 million as outlined in the table below. Actual costs, debenture interest (if any), and cost estimates were provided by City staff. It is important to note that these costs represent "gross" costs, of which only a portion will go to support future development during the 25-year review period. The remainder of this section outlines how the "net" costs for future development are determined. Summary of Library Offsite Infrastructure Item Project Description Cost of Completed Work & Historical Interest Future Debenture Interest Estimated Cost of Work Yet to be Completed Total Project Estimated Cost 1 HEW Li:1131y' a27,400 s.f S 23,000,000 S 23,000,000 2 Land Purchase ... .... S 1.000.000 S 1.000.000 $ - $ $ 24.000.000 $ 24.000.000 *Costs estimates are reflected in current dollars. **Estimates include engineering costs and contingencies. ***offsite levy project details, allocations, etc. were determined by City staff and their engineering/consulting advisors. **** Project numbering may be out of sequence as rows containing deleted projects are hidden. H2. Library Offsite Infrastructure Grants & Contributions to Date The MGA enables the City to allocate the costs of offsite infrastructure to future development, other than those costs that have been provided by way of special grant or contribution (i.e., contributed infrastructure). The City has/will receive $0.00 million in special grants and contributions for library offsite levy infrastructure as shown in the table below (note, if the City receives other grants or contributions in the future, it will be reflected in one of the annual updates and rates adjusted accordingly). The result is that the total reduced project estimated cost is $24.00 million. Page 180 City of Chestermere Offsite Levy Rates Update Page | 80 APPENDIX H: LIBRARY OFFSITE INFRASTRUCTURE H1. Library Offsite Infrastructure Costs To support future growth, library offsite infrastructure is required. The estimated cost of this infrastructure is based upon: (a) actual construction costs to the cut-off date, (b) debenture interest associated with financing, and (c) future cost estimates. Total cost is approximately $24.00 million as outlined in the table below. Actual costs, debenture interest (if any), and cost estimates were provided by City staff. It is important to note that these costs represent "gross" costs, of which only a portion will go to support future development during the 25-year review period. The remainder of this section outlines how the "net" costs for future development are determined. Summary of Library Offsite Infrastructure *Costs estimates are reflected in current dollars. **Estimates include engineering costs and contingencies. ***Offsite levy project details, allocations, etc. were determined by City staff and their engineering/consulting advisors. **** Project numbering may be out of sequence as rows containing deleted projects are hidden. H2. Library Offsite Infrastructure Grants & Contributions to Date The MGA enables the City to allocate the costs of offsite infrastructure to future development, other than those costs that have been provided by way of special grant or contribution (i.e., contributed infrastructure). The City has/will receive $0.00 million in special grants and contributions for library offsite levy infrastructure as shown in the table below (note, if the City receives other grants or contributions in the future, it will be reflected in one of the annual updates and rates adjusted accordingly). The result is that the total reduced project estimated cost is $24.00 million. City of Chestermere Offsite Levy Rates Update Special Grants and Contributions for Library Offsite Infrastructure Item Project Description Total Project Estimated Cost Special Provincial Grants Developer Agreement Contributions Other Contributions Reduced Project Estimated Cost 1 2 New Library' 827.400 s.f Land Purchase $ 23.000.000 $ 1.000.000 $ 24.000.000 $ - $ 23,000,000 S 1.000.000 $ 24,000,000 H3. Library Infrastructure Staging The timing of construction is used to determine the impact of inflation on cost, the impact of forecast reserve balances, and the estimate of financial oversizing (described in the Section that follows). The City anticipates construction of offsite infrastructure as outlined in the table below. Note, if this schedule is adjusted in the future, it will be reflected in one of the annual rate/bylaw updates. Library Infrastructure Staging Item Project Description Year of Construction 1 New Library @27.400 s.f 2028 2 Land Purchase 2027 *The share of projects beyond the 25-year review period are not included in rates today (see financial oversizing in next section). **Costs are inflated to the year of construction using an inflation rate of 2.9% for the next year, and 2.9% thereafter. H4. Library Offsite Infrastructure Benefiting Parties The library offsite infrastructure previously outlined will benefit various parties to varying degrees as determined by City staff and engineering advisors. The potential benefiting parties include: - City of Chestermere - that portion of cost which is required to service existing residents. - Other Stakeholders - other parties (such as neighboring municipalities) that benefit from the infrastructure. - City of Chestermere Future Development (Financial Oversizing) - that portion of cost which benefits future development beyond the 25-year review period. - City of Chestermere Future Development (in Rates) - all growth-related infrastructure (i.e., leviable recreation infrastructure costs) during the 25-year rate planning period. Page 181 City of Chestermere Offsite Levy Rates Update Page | 81 Special Grants and Contributions for Library Offsite Infrastructure H3. Library Infrastructure Staging The timing of construction is used to determine the impact of inflation on cost, the impact of forecast reserve balances, and the estimate of financial oversizing (described in the Section that follows). The City anticipates construction of offsite infrastructure as outlined in the table below. Note, if this schedule is adjusted in the future, it will be reflected in one of the annual rate/bylaw updates. Library Infrastructure Staging *The share of projects beyond the 25-year review period are not included in rates today (see financial oversizing in next section). **Costs are inflated to the year of construction using an inflation rate of 2.9% for the next year, and 2.9% thereafter. H4. Library Offsite Infrastructure Benefiting Parties The library offsite infrastructure previously outlined will benefit various parties to varying degrees as determined by City staff and engineering advisors. The potential benefiting parties include:  City of Chestermere - that portion of cost which is required to service existing residents.  Other Stakeholders - other parties (such as neighboring municipalities) that benefit from the infrastructure.  City of Chestermere Future Development (Financial Oversizing) - that portion of cost which benefits future development beyond the 25-year review period.  City of Chestermere Future Development (in Rates) - all growth-related infrastructure (i.e., leviable recreation infrastructure costs) during the 25-year rate planning period. City of Chestermere Offsite Levy Rates Update The table below outlines the allocation of library offsite levy infrastructure costs to benefiting parties. Project allocations were determined by City staff. Allocation of Library Infrastructure to Benefiting Parties Item Reduced Project Estimated Cost Muni Share % Other Stakeholder Share Developer Share Beyond 25 Yrs (Financial Oversizing %) Project Description 1 New Library @27,400 s.f $ 23,000,000 57.0% 3.4% 2 Land Purchase $ 1,000,000 57.0% 1.7% $ 24,000,000 *Allocations to future development (vs municipal share etc.) were determined by City staff and their engineering/consulting advisors. **Financial oversizing is determined by separating out the pro rata portion of developer cost beyond the 25-year review period, in comparison with the anticipated year of construction. As the years move forward and rates are updated, these additional developer costs will be included in rate calculations. For example, a project which is slated to be constructed in year 20 of the 25-year review period will have 20% (5/25) of its costs in rates today, and 80% (20/25) of its costs will sit beyond the 25-year review period. H5. Existing Receipts & Adjusted Levy Cost Using the offsite levy share percentages shown in the previous section and applying those percentages to project costs results in an offsite levy cost of approximately $9.51 million. However, prior to allocating these costs to benefiting areas, existing offsite levy receipts collected from developers need to be considered in determining the residual/net costs to developers. The City has collected $0.22 million in offsite levies to date, and results in an adjusted offsite levy cost of approximately $9.29million. Offsite Levy Funds Collected to Date & Adjusted Levy Cost Item Project Description OSL I Developer Cost Offsite Levy Funds Collected to Dec 31, 2016 Offsite Levy Funds Collected Starting Jan 1, 2017 Adjusted Developer (Levy) Cost 1 New Library @27,400 s.f $ 9,098,800 $ - $ 214,672 $ 8,884,128 2 Land Purchase $ 412,800 $ - $ 9,758 $ 403,042 $ 9,511,600 $ - $ 224,429 $ 9,287,171 Page 182 City of Chestermere Offsite Levy Rates Update Page | 82 The table below outlines the allocation of library offsite levy infrastructure costs to benefiting parties. Project allocations were determined by City staff. Allocation of Library Infrastructure to Benefiting Parties *Allocations to future development (vs municipal share etc.) were determined by City staff and their engineering/consulting advisors. **Financial oversizing is determined by separating out the pro rata portion of developer cost beyond the 25-year review period, in comparison with the anticipated year of construction. As the years move forward and rates are updated, these additional developer costs will be included in rate calculations. For example, a project which is slated to be constructed in year 20 of the 25-year review period will have 20% (5/25) of its costs in rates today, and 80% (20/25) of its costs will sit beyond the 25-year review period. H5. Existing Receipts & Adjusted Levy Cost Using the offsite levy share percentages shown in the previous section and applying those percentages to project costs results in an offsite levy cost of approximately $9.51 million. However, prior to allocating these costs to benefiting areas, existing offsite levy receipts collected from developers need to be considered in determining the residual/net costs to developers. The City has collected $0.22 million in offsite levies to date, and results in an adjusted offsite levy cost of approximately $9.29million. Offsite Levy Funds Collected to Date & Adjusted Levy Cost Item Project Description Reduced Project Estimated Cost Muni Share % Other Stakeholder Share Developer Share Beyond 25 Yrs (Financial Oversizing %) 1 New Library @27,400 s.f 23,000,000 $ 57.0% 3.4% 2 Land Purchase 1,000,000 $ 57.0% 1.7% 24,000,000 $ Item Project Description OSL / Developer Cost Offsite Levy Funds Collected to Dec 31, 2016 Offsite Levy Funds Collected Starting Jan 1, 2017 Adjusted Developer (Levy) Cost 1 New Library @27,400 s.f 9,098,800 $ - $ 214,672 $ 8,884,128 $ 2 Land Purchase 412,800 $ - $ 9,758 $ 403,042 $ 9,511,600 $ - $ 224,429 $ 9,287,171 $ City of Chestermere Offsite Levy Rates Update H6. Summary of Library Offsite Levy Cost Flow-through As shown in the figure below, the total cost for fire infrastructure that forms the basis of the rate is approximately $9.29 million. The cost allocations to each benefitting party are based on the benefitting percentages shown in Section F4. The offsite levy balance (due from developers) is allocated to various benefitting areas (as described in the next section). Total Library Offsite Levy Costs 4 = Off-site Balance* $9.29M = Future Development (OSL Share) $9.51M Less: Levy Receipts Applied $0.22M = Future Development I "Financial Oversizing" $0.81M Less: Special Project = Project = Other Grants & Costs Contributions Balance Share $24.00M $0 $24.00M $0.0M H7. Library Infrastructure Benefiting Areas = Existing Developmen (City Share) $13.68M Net developer costs for each project have been allocated to multiple benefiting offsite levy area (see tables below). Allocations are denoted with a "1" below applicable area numbers. Benefiting areas were determined by City staff. The lands anticipated to develop over the 25-years in each offsite levy benefitting area are used to determine rates. Benefiting Areas for Library Offsite Infrastructure Item Project Description Developer 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 20 21 22 Cost 1 New Library @27,400 s.f $ 8,884,128 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 Land Purchase $ 403,042 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 $ 9,287,171 H8. Reserve Balance The balance of the City's library reserve at December 31st, 2025 is $0.23 million. This updated balance takes into consideration public facilities fees collected and transferred to the Page 183 City of Chestermere Offsite Levy Rates Update Page | 83 H6. Summary of Library Offsite Levy Cost Flow-through As shown in the figure below, the total cost for fire infrastructure that forms the basis of the rate is approximately $9.29 million. The cost allocations to each benefitting party are based on the benefitting percentages shown in Section F4. The offsite levy balance (due from developers) is allocated to various benefitting areas (as described in the next section). Total Library Offsite Levy Costs H7. Library Infrastructure Benefiting Areas Net developer costs for each project have been allocated to multiple benefiting offsite levy area (see tables below). Allocations are denoted with a "1" below applicable area numbers. Benefiting areas were determined by City staff. The lands anticipated to develop over the 25-years in each offsite levy benefitting area are used to determine rates. Benefiting Areas for Library Offsite Infrastructure H8. Reserve Balance The balance of the City's library reserve at December 31st, 2025 is $0.23 million. This updated balance takes into consideration public facilities fees collected and transferred to the Project Costs $24.00M = Future Development (OSL Share) = Existing Development (City Share) Less: Levy Receipts Applied $0.22M = Off-site Balance* $9.29M Less: Special Grants & Contributions $0 Item Project Description Developer Cost 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 20 21 22 1 New Library @27,400 s.f $ 8,884,128 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 Land Purchase $ 403,042 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 9,287,171 $ City of Chestermere Offsite Levy Rates Update Library account, and expenditures up to end-2025. Library Offsite Levy Reserve Balance Description Dr Cr Balance Offsite Levy Expenditures to December 31, 2024 $ - $ - Offsite Levy Receipt Allocations to December 31, 2024 $ - $ - Debenture Interest Expenditure to December 31, 2024 $ - $ - Unallocated Receipts to December 31, 2024 $ - $ - Opening Balance 2025 $ - Interest on Opening Balance $ - $ - Project Expenditures (OSL Share) As Reflected by City $ - $ - Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City $ - $ - Offsite Levy Receipts $ 224,429.38 . $ 224,429.38 Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ 224,429.38 Interest on Project Expenditure $ - 1 $ 224,429.38 Interest on Offsite Levy Receipts $ 2,132.08 $ 226,561.46 Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) $ - $ 226,561.46 H9. Development and Library Infrastructure Staging Impacts Library offsite infrastructure will be constructed in staged fashion over the 25-year review period. We have reviewed the availability of offsite levy funds to meet these construction requirements and found that offsite levy reserve funds will not be sufficient to pay for construction of library infrastructure from time to time--front ending of infrastructure will be required. A front-ender is the party that constructs and pays up front for infrastructure that benefits other parties. The front-ender (be it a municipality or a developer) is reimbursed over time as levies are collected, and in accordance with the municipality's front-ending repayment policies. To compensate parties for capital they provide in front-ending offsite infrastructure construction, a 4.46% interest allowance has been charged to the reserve when it is forecast to be in a negative balance. Further, a 1.90% interest credit has been provided to the reserve when it is forecast to be in a positive balance. The graph and table below outline the forecast fire levy reserve balances over the 25-year development period. If necessary, an interest staging adjustment has been applied to rates (slightly positive or slightly negative) to ensure that the forecast reserve balance at the end of the 25-year review period always returns to break-even (i.e., developers are not charged too much thereby providing a windfall to the City, nor are they charged too little thereby placing an unequitable burden on taxpayers). Page 184 City of Chestermere Offsite Levy Rates Update Page | 84 Library account, and expenditures up to end-2025. Library Offsite Levy Reserve Balance H9. Development and Library Infrastructure Staging Impacts Library offsite infrastructure will be constructed in staged fashion over the 25-year review period. We have reviewed the availability of offsite levy funds to meet these construction requirements and found that offsite levy reserve funds will not be sufficient to pay for construction of library infrastructure from time to time--front ending of infrastructure will be required. A front-ender is the party that constructs and pays up front for infrastructure that benefits other parties. The front-ender (be it a municipality or a developer) is reimbursed over time as levies are collected, and in accordance with the municipality's front-ending repayment policies. To compensate parties for capital they provide in front-ending offsite infrastructure construction, a 4.46% interest allowance has been charged to the reserve when it is forecast to be in a negative balance. Further, a 1.90% interest credit has been provided to the reserve when it is forecast to be in a positive balance. The graph and table below outline the forecast fire levy reserve balances over the 25-year development period. If necessary, an interest staging adjustment has been applied to rates (slightly positive or slightly negative) to ensure that the forecast reserve balance at the end of the 25-year review period always returns to break-even (i.e., developers are not charged too much thereby providing a windfall to the City, nor are they charged too little thereby placing an unequitable burden on taxpayers). Description Dr Cr Balance Offsite Levy Expenditures to December 31, 2024 - $ - $ Offsite Levy Receipt Allocations to December 31, 2024 - $ - $ Debenture Interest Expenditure to December 31, 2024 - $ - $ Unallocated Receipts to December 31, 2024 - $ - $ Opening Balance - $ 2025 - $ Interest on Opening Balance - $ - $ Project Expenditures (OSL Share) As Reflected by City - $ - $ Net Project Expenditures (OSL Share) In Addition to Amount Reflected By City - $ - $ Offsite Levy Receipts 224,429.38 $ 224,429.38 $ Offsite Levy Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 224,429.38 $ Interest on Project Expenditure - $ 224,429.38 $ Interest on Offsite Levy Receipts 2,132.08 $ 226,561.46 $ Interest on Receipts Collected Under Old Agreement or Old Bylaw (if any) - $ 226,561.46 $ City of Chestermere Offsite Levy Rates Update Anticipated Library Offsite Levy Reserve Balances10 Library Reserve $2:000:000 $ $(2 :000:000) 6, $(4:000:000) $(6 :000:000) $(8:000:000) $(10:000:000) CO CN 0 G) CN 0 CN 01 0 LO 01 0 03 01 0 1;1- 0 cr cr N- 0 0 LC) 0 CN CN CN CN CN CN CN CN Year --o-- Reserve Balance Anticipated Library Offsite Levy Reserve Balances Opening Balance $ 226,561 Year Receipts Expenditure Interest Balance 2026 $ 888,310 $ - $ 21,183 $ 1,136,054 2027 $ 615,511 $ 424,771 $ 25,209 $ 1,352,003 2028 $ 632,756 $ 9,634,182 $ (341,164) $ (7,990,588) 2029 $ 621,970 $ - $ (328,640) $ (7,697,259) 2030 $ 535,477 $ - $ (319,415) $ (7,481,197) 2031 $ 738,414 $ - $ (300,728) $ (7,043,511) 2032 $ 606,029 $ - $ (287,112) $ (6,724,594) 2033 $ 626,399 $ - $ (271,980) $ (6,370,175) 2034 $ 508,677 $ - $ (261,423) $ (6,122,920) 2035 $ 644,946 $ - $ (244,318) $ (5,722,292) 2036 $ 371,126 $ - $ (238,662) $ (5,589,828) 2037 $ 479,809 $ - $ (227,907) $ (5,337,927) 2038 $ 493,723 $ - $ (216,051) $ (5,060,255) 2039 $ 808,718 $ - $ (189,619) $ (4,441,155) 2040 $ 629,463 $ - $ (170,001) $ (3,981,694) 2041 $ 592,826 $ - $ (151,143) $ (3,540,011) 2042 $ 578,387 $ - $ (132,088) $ (3,093,712) 2043 $ 458,692 $ - $ (117,522) $ (2,752,542) 2044 $ 478,453 $ - $ (101,424) $ (2,375,513) 2045 $ 467,392 $ - $ (85,102) $ (1,993,223) 2046 $ 469,371 $ - $ (67,964) $ (1,591,816) 2047 $ 395,926 $ - $ (53,337) $ (1,249,227) 2048 $ 388,901 $ - $ (38,371) $ (898,697) 2049 $ 454,824 $ - $ (19,797) $ (463,669) 2050 $ 463,669 $ - $ (0) $ (0) 1°In determining staging adjustments, the offsite levy model also applies inflation to future rates. In so doing it acknowledges that rates must keep pace with inflation just as costs do. Also, it acknowledges Page 185 City of Chestermere Offsite Levy Rates Update Page | 85 Anticipated Library Offsite Levy Reserve Balances10 Anticipated Library Offsite Levy Reserve Balances 10In determining staging adjustments, the offsite levy model also applies inflation to future rates. In so doing it acknowledges that rates must keep pace with inflation just as costs do. Also, it acknowledges Opening Balance 226,561 $ Year Receipts Expenditure Interest Balance 2026 888,310 $ - $ 21,183 $ 1,136,054 $ 2027 615,511 $ 424,771 $ 25,209 $ 1,352,003 $ 2028 632,756 $ 9,634,182 $ (341,164) $ (7,990,588) $ 2029 621,970 $ - $ (328,640) $ (7,697,259) $ 2030 535,477 $ - $ (319,415) $ (7,481,197) $ 2031 738,414 $ - $ (300,728) $ (7,043,511) $ 2032 606,029 $ - $ (287,112) $ (6,724,594) $ 2033 626,399 $ - $ (271,980) $ (6,370,175) $ 2034 508,677 $ - $ (261,423) $ (6,122,920) $ 2035 644,946 $ - $ (244,318) $ (5,722,292) $ 2036 371,126 $ - $ (238,662) $ (5,589,828) $ 2037 479,809 $ - $ (227,907) $ (5,337,927) $ 2038 493,723 $ - $ (216,051) $ (5,060,255) $ 2039 808,718 $ - $ (189,619) $ (4,441,155) $ 2040 629,463 $ - $ (170,001) $ (3,981,694) $ 2041 592,826 $ - $ (151,143) $ (3,540,011) $ 2042 578,387 $ - $ (132,088) $ (3,093,712) $ 2043 458,692 $ - $ (117,522) $ (2,752,542) $ 2044 478,453 $ - $ (101,424) $ (2,375,513) $ 2045 467,392 $ - $ (85,102) $ (1,993,223) $ 2046 469,371 $ - $ (67,964) $ (1,591,816) $ 2047 395,926 $ - $ (53,337) $ (1,249,227) $ 2048 388,901 $ - $ (38,371) $ (898,697) $ 2049 454,824 $ - $ (19,797) $ (463,669) $ 2050 463,669 $ - $ (0) $ (0) $ City of Chestermere Offsite Levy Rates Update that an offsite levy rate of $X paid today is not worth the same as the equivalent $X rate paid in the future (i.e., it is discounted). APPENDIX H: RATE COMPARISON The table below compares the City of Chestermere offsite levy rates to rates in other municipalities. Municipality/ Area Average Per Ha. City of Beaumont (roads, water, sewer, fire) $272,815 - $301,897(2026) City of Lacombe (roads, water, sewer, storm, fire) $59,298 - $101,399 (2026) City of Brooks (water, sewer, storm) $56,164 - $116,746 (2023) City of Spruce Grove (roads, water, sewer, recreation, library) $128,309 - $191,405 (2025) City of Fort Saskatchewan (South Fort) (roads, water, sewer, storm) $29,961 - $61,904 (2019) City of Fort Saskatchewan (Future Urban Area) (road, water, sewer, storm) $77,396 - $320,372 (2025) City of Cold Lake (roads, water, sewer, storm) $84,057 (2010) City of Lloydminster (roads, water, sewer, storm) $167,906 (2025) City of Medicine Hat (roads, sewer, storm, water) $48,813 - $168,307(2022) Town of Strathmore (roads, water, sewer, storm) $139,337 - $172,297 (2024) City of Leduc (roads, water, sewer, fire) $115,521 - $243,160 (2025) Town of Okotoks (roads, water, sewer, recreation) $278,870 (2025) Town of Cochrane (roads, water, sewer, storm, recreation, police, fire, $350,663 - $449,942 library) (2026) City of Red Deer (roads, water, sewer, storm) $27,495 - $498,268 (2026) Town of High River (roads, water, sewer, facilities) $97,400- $256,700 (2023) Strathcona County (North of Yellowhead) (roads, water, sewer) $397,117 (2025) Strathcona County (Ardrossa n) (roads, water, sewer) $260,221 (2025) City of Lethbridge (roads, water, sewer, storm) $318,000 (2026) City of Chestermere (roads, water, sewer, storm, recreation, fire, $288,475 - $493,278 library) (2026) City of St. Albert (roads, water, sewer, storm) $287,976 - $539,717 (2026) City of Airdrie (roads, water, sewer, storm) $225,471 - $463,878 (2026) City of Airdrie (fire, recreation) $21,085 - $166,471 (2026) City of Edmonton (roads, water, sewer, storm) $400,000-F City of Edmonton (fire) $12,816 - $42,032 (2025) City of Calgary Green Field Area (roads, water, sewer, storm, library, emergency services, police, recreation) $472,916 (2026) Information adapted from recent online sources. Note, some municipalities have updated (or are in the process of updating) levy rates, but these rates were not available online at the time of writing. Page 186 City of Chestermere Offsite Levy Rates Update Page | 86 that an offsite levy rate of $X paid today is not worth the same as the equivalent $X rate paid in the future (i.e., it is discounted). APPENDIX H: RATE COMPARISON The table below compares the City of Chestermere offsite levy rates to rates in other municipalities. Municipality / Area Average Per Ha. City of Beaumont (roads, water, sewer, fire) $272,815 - $301,897(2026) City of Lacombe (roads, water, sewer, storm, fire) $59,298 - $101,399 (2026) City of Brooks (water, sewer, storm) $56,164 - $116,746 (2023) City of Spruce Grove (roads, water, sewer, recreation, library) $128,309 - $191,405 (2025) City of Fort Saskatchewan (South Fort) (roads, water, sewer, storm) $29,961 - $61,904 (2019) City of Fort Saskatchewan (Future Urban Area) (road, water, sewer, storm) $77,396 - $320,372 (2025) City of Cold Lake (roads, water, sewer, storm) $84,057 (2010) City of Lloydminster (roads, water, sewer, storm) $167,906 (2025) City of Medicine Hat (roads, sewer, storm, water) $48,813 - $168,307(2022) Town of Strathmore (roads, water, sewer, storm) $139,337 - $172,297 (2024) City of Leduc (roads, water, sewer, fire) $115,521 - $243,160 (2025) Town of Okotoks (roads, water, sewer, recreation) $278,870 (2025) Town of Cochrane (roads, water, sewer, storm, recreation, police, fire, library) $350,663 - $449,942 (2026) City of Red Deer (roads, water, sewer, storm) $27,495 - $498,268 (2026) Town of High River (roads, water, sewer, facilities) $97,400- $256,700 (2023) Strathcona County (North of Yellowhead) (roads, water, sewer) $397,117 (2025) Strathcona County (Ardrossan) (roads, water, sewer) $260,221 (2025) City of Lethbridge (roads, water, sewer, storm) $318,000 (2026) City of Chestermere (roads, water, sewer, storm, recreation, fire, library) $288,475 - $493,278 (2026) City of St. Albert (roads, water, sewer, storm) $287,976 - $539,717 (2026) City of Airdrie (roads, water, sewer, storm) City of Airdrie (fire, recreation) $225,471 - $463,878 (2026) $21,085 - $166,471 (2026) City of Edmonton (roads, water, sewer, storm) $400,000+ City of Edmonton (fire) $12,816 - $42,032 (2025) City of Calgary Green Field Area (roads, water, sewer, storm, library, emergency services, police, recreation) $472,916 (2026) Information adapted from recent online sources. Note, some municipalities have updated (or are in the process of updating) levy rates, but these rates were not available online at the time of writing.