City of Surrey Financial Plan 2020-2024

ENGINEERING

ECONOMIC PROSPERITY & LIVELIHOODS

 Completed the next component of digital drawing review with all Engineering Land Development applications to support more environmentally sustainable practices, streamline processes and reduce costs relating to printing and courier fees;  Received Council approval to increase the number of land development projects able to use surety bond as an alternate form of security for Servicing Agreement which reduces developers’ fees and encourage freed-up working capital to be reinvested in additional development activities in the City;  Reduced illegal dumping by over 40% through implementing various initiatives;  Implemented Surrey Disaster Debris Management Plan to ensure there is operational framework to manage large volumes of debris after an emergency event;  Increased annual lease and rental revenues by more than $433,000 over 2018 levels;  Increased, through appraisal review, the park dedication contributions to the City by an additional $700,000 over and above the original amounts tendered as part of development applications;

 Completed 216 appraisal requests representing 745 properties in furtherance of the City’s strategic initiatives to increase civic, social, infrastructure and parkland services;  In support of the land development community and City infrastructure, processed and registered 2,064 documents at the Land Title Office; and Agreement with Fortis BC which will provide increased collaboration and operational efficiencies between the parties, as well as annual financial savings to the City and assurance of a fair and consistent allocation of utility relocation costs.  Successfully finalized a 20-year modernized Municipal Operating

Road paving

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