TO: Mayor and Council DATE: May 25, 1973

FROM: L.D. Pollock,
City Administrator

1. Revision of Assessment Roll Procedure ~ Two Roll System

My last report recommending proceeding with the two roll system was tabled
pending receipt of further information on the Provincial Government contributiou

under the Sewage Treatment Plant Assistance Act.

I have reviewed the information supplied to me by the Greater Vancouver Regional
District regarding their schedule of borrowing and the proportion of this borrowing
may be applicable for financial assistance under the Act. Based on estimates of
the growth in the value of al mill levy and assuming that no furthar borrowing

is undertaken by the Regional District the City should benefit from payments under
the Act for about the next ten years. The amounts received by way of grants would
be in excess of $350,000. over this period. There is no doubt that additional
borrowing will be undertaken, for example, if the Regional District installs
secondary or tertiary sewage treatment facilities the cost would be shared and

our additional debt load would be eligible for financial assistance.

The whole question of the application of the Sewage Treatment Plant Assistance

Act is in question and there are many problems connected with its application
particularly in the Lower Mainland. The Act only applies to municipalities and

not to regional districts and the Province will have to make a decision on how they
are going to treat the Greater Vancouver Sewage District. Many of the municipalities

within this Sewage District are on a two roll system and it would not seem practical

to ignore grants to these municipalities and give grants to the other municipalities

that maintain assessment rolls under the Assessment Equalization Act. In addition
i understand that Richmond became eligible for assistance under the Act last year
and submitted the bill to the Province for $35,000. The Province has apparently
not processed their request and to date they have not received reimbursement. The
Act, however, is in full force in effect and there is no reason why assistance

should not be granted, I understand that the whole question of the application of

wee /2