Servicing Feasibility Study Findings

Harrison Rise Feasibility		Harrison Mills Feasibility
Purpose	To examine the potential financial impact of the proposed development, including impacts on existing taxpayers and increased financial responsibility for the FVRD.	Purpose	To provide a financial analysis of the services required to support the full build-out of the Harrison Mills Neighbourhood Plan as a multi-year phased development, assessing the viability of infrastructure investments from a developer's perspective.
Outcome	The analysis found that the community water system component of the Harrison Rise project is financially viable and will not negatively impact taxation of existing ratepayers. However, the new community sewer infrastructure required for the proposed development has significant cost challenges and increases to the community parks and fire services tax requisitions would also be required. Without a financially sustainable community sanitary sewer, the proposed development may not be feasible.	Outcome	The analysis of the financial viability of the Harrison Mills Neighbourhood Plan concludes that off-site infrastructure investments required to support the land use concept of the Plan limit the financial viability of the overall development of the designated uses in Harrison Mills. Market research indicates that development is not financially viable in today’s market conditions.
What’s Next	If the development concept is adopted into the OCP and Lake Errock Neighbourhood Plan, a new financial feasibility study will be required at the time of a zoning amendment application.	What’s Next	A future zoning amendment application that is consistent with the Harrison Mills Neighbourhood Plan will require an in-depth financial feasibility study to examine the financial impacts of the proposed development on existing residents, new ratepayers, and the FVRD.
Full Report	Available here	Full Report	Available here