CITY OF PORT COQUITLAM
NORTHEASY SECTOR DEVELOPMENT STRATEGY
A Comprehensive Developacnt Planning Program

EXECUTIVE SUMMARY

INTRODUCTION:

The City of Port Coquitlam initiated the Northeast Sector Development
Strategy Plan in 1989. This plan was prepared by & technical team including
City Staff (Engineering, Planning and Finance Departments); Urban Systems
Limited and Peat Marwick Stevenson Kellogg ~ all under the direction of a
Steering Committee of Gouncil, Senior Staff and Municipal Affairs
representative.

The purpose of this report wae to integrate land use planning
infrastructure planning and city financial planning, and to recommend a

development strategy for the Northeast Sector of Port Coquitlam.

Financial

Compared to similar communities, Port Coquitlam has a high per capita
savings and a low debt joad, indicating some capacity for new infrastructure
investment; however, existing residential taxes are high and there is not much
‘room for existing taxpayers to pay for development of the Northeast Sector.

Based on 1989 data, new single family lots would increase city revenue by
$1479/year, but increase City expenditures by 1452/year. Multi-family .
development would result in a slight loss, while industrial development would
provide the greatest gain in revenue over expenditures in the Northeast Sector.

Land Use ~ (See attached Fig. 3.2)

\

The Northeast Sector is 535 ha (1,322 acres) in area. Riverwood contains
120 ha (potential 2112 singie and multi-family units), the Golf Course
contains 56 ha, the Dominion Triangle contains 1l7ha and the remaining area
west of Fremont 242 ha of existing agricultural land. The estimated
development demand in the Northeast Sector is approximately 300 residential
units/year plus 10 industrial ha/year, ie. 10 years supply of residential and
industrial land in Area 1 (Riverwood and Dominion )

Infrastructure Requirements

The following infrastructure services are required to develop Area 1:

)

Roads — $ 26,859,000,00
Drainage ¢ 13,012,000.00
Water ¢ 2,261,000.00
Sanitary Sewer $  1,449,000,00

Total $ 43,581,000.00

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