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7 MEMO RANDUM

TO: Mayor and Council Janua 16t 1976
| FROM: Finance Committee \ C
: : JAN 19 1976

The Finance Committee met on Thursday, January 15th, 1976.

Present were: ; Mayor Campbell
Alderman P.Ranger
Alderman M. Thompson
G. Forcier, Treasurer
L.D. Pollock, City Administrator

1. Revisions to Business Licence By-law

Late last year a draft of some changes to the Business Licence By-law was

dietributed to members of Council. This draft incorporated a 10% increase
in Business Licences for 1976 along with some category changes that would

have increased certain licences by more than 102.

i The Finance Committee has further reviewed this and feel that increases should
be kept to a 10% across the board maximum and therefore the By-law has been
re~drafted to simply add 10% across the board to all of the existing licence
categories. A copy of the Schedule that would be included in such a By-law
amendment is attached and if Council agrees with this recommendation an
amendment By-law will be presented to Council for adoption next week.

2. Water Rate Increases

The Committee reviewed the Budget of Revenue Expenditure for the Water Works
System and recommend that water rates be increased by 25¢ per month for 1976.
The Sewer Operating Budget appears to be satisfactory and the Committee does
not recommend any revision in sewer rates for the year.

; If Council agrees with the 25¢ per month rate increase for water, a By-law
‘ will be prepared for consideration by Council at the mext meeting.

3. Waiver of Sewer Charges

i . The City has a By~law providing for a waiver of a portion of the sewer charges

5 for Senior Citizens. The rebate was based on an amomt equivalent te the increase
in rates over rates charged in the base year 1973. ‘The rebate amounted to $9.00
in 1974 and $14.25 in 1975. The Committee recommends that this be increased for
1976 by 25¢ per month or $3.00 for the year.

4. Policing Costs

Attached is a copy of a letter from Division Headquarters advising of estimated —
policing costs for 1976-77. The cost calculation is based on charging the
municipality 50% of the cost of the first 5 men and 75% of the cost of additional
men. Council may recall that in December we received a circular from the U.B.C.M.
Office advising that the R.C.M.P. intended to increase this percentage cver the

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