On the agenda: Downtown parking lots, river valley plan
This week, council will discuss a program to regulate downtown surface parking lots, financial updates for the capital and operating budgets, and a new plan for redevelopment in the river valley.
There is a public hearing scheduled on Dec. 9, a council meeting scheduled on Dec. 10 and 11, and a utility committee meeting scheduled on Dec. 13.
Here are key items on this week's agenda:
- Council is scheduled to debate a program that would regulate surface parking lots in the core at a public hearing on Dec. 9. Administration has identified about 120 surface parking lots in the core, noting many are operating without a development permit and have no current pathway to obtaining one because previous city policies essentially ban that possibility. Administration has proposed a new use in the zoning bylaw to allow for a temporary surface parking lot — as long as the lots are improved with paving or upgraded gravel, trees and shrubs, lighting, and accessible parking spots. Parking lot operators would have 18 months to apply for a development permit and another 18 months to complete improvements. Both residents and lot operators criticized administration's proposed maximum permit duration of seven years for gravel lots and 10 years for paved lots. Residents and community organizations said seven to 10 years was too long and didn't feel temporary, suggesting a permit max of three to five years. Operators, on the other hand, said the permit was too short to make the proposed improvements financially viable, especially if they are required to pave, and suggested permits run up to 20 years or even be made permanent. If council approves the program, operators can apply for the temporary permit as of January.
- Administration projects it will spend about $2 billion on capital projects this year, which is higher than in previous years, because major projects are progressing further into construction. Between 2019 and 2023, the city spent an average of about $1.29 billion annually on capital projects, according to an update on the capital budget that will be presented to council on Dec. 10. Administration also projects a $19.4-million operating budget deficit by the end of 2024, equivalent to about 0.6% of the overall expense budget. This is due in part to lower revenue from transit fares, increased contract work, and higher costs for maintenance, parts, materials, fuel, and personnel. The financial stabilization reserve is projected to be at about $58.8 million at the end of the year, below the minimum balance of $133.8 million.
- Development will not be permitted in most of Edmonton's river valley, should council approve a new North Saskatchewan River Valley Area Redevelopment Plan. Council is scheduled to vote on the proposed plan on Dec. 10. The plan identifies the land use for most of the river valley as open space, meaning parks, recreation, and spaces for gathering and ceremony would be permitted, and other potential uses would not be.