City council tonight passed a resolution to receive a report from the Land Development and Environmental Engineer from AECOM concerning stormwater studying for the Sault. And if the findings are passed in the fall, by next year all taxpayers that own property will have to fork over some more cash every month.
The City is responsible for ensuring a sustainable funding mechanism for construction, operation, and maintenance for stormwater infrastructure. These assets include infrastructure such as storm sewers, catch basins, pump stations, aqueducts, channels, ditches, stormwater management facilities, culverts, outfalls, and snow disposal sites.
The asset management plan completed in 2015 identified a funding deficit for stormwater infrastructure. This deficit is in addition to funding requirements for operations and ongoing maintenance. The annual amount on the levy is insufficient to meet the existing and future requirements.
As a result, the City is completing a financing study in order to explore options for a sustainable stormwater funding mechanism.
On September 25, 2017 Council approved AECOM as the Consultant for purposes of completing the study. The associated Engineering Agreement was approved at the October 10, 2017 Council Meeting.
The 2015 Asset Management Plan shows between a $1.5 to $6.6 million annual funding gap for Stormwater.
Typical range in Ontario is $4-15 per month for average homeowner.