Our History
Established in 2007 by Mayor Diane Watts, SCDC has generated an annual surplus from operations since 2011 and has paid an annual dividend to the City of Surrey since 2013.
The annual dividend is funded from SCDC’s consolidated annual surplus from operations; the seven year cumulative total of dividends to the City now stands at $31.5M. These funds have contributed to the City’s budget for a number of important special initiatives including the biodiversity conservation program, technological infrastructure and library capital improvements.
The City of Surrey’s population has grown to well over 500,000 people, and the city has matured into one of the most thriving and exciting communities in Western Canada. Through this journey SCDC has supported Surrey’s growth into becoming a vibrant and complete community through their progressive real estate activities. Whether facilitating job creation and growing the commercial tax base through extensive industrial developments, remediation of abandoned and contaminated land so that it can be repurposed as a vibrant new residential community or expanding Metro’s second downtown in Surrey City Centre, SCDC has contributed in many meaningful and positive ways to Surrey’s growth. In developing lands that bring vitality and work opportunities, our citizens are able to live and work within the same community.
Governance
Surrey City Development Corporation is incorporated under the Business Corporations Act of BC
Accordingly, the primary role of the Board of Directors is to provide direction and oversight to the Company’s affairs. It has the responsibility to make a recommendation to appoint the CEO and to provide direction and oversight regarding the conduct of the Company’s business and the management team which has been delegated the responsibility for the day-to-day operation of SCDC.
The Board of Directors is appointed by the City of Surrey, who is the sole shareholder. The Board is made up of the City Manager and a senior manager of the City of Surrey, along with five independent Directors who have no direct or indirect material relations with the Company or its subsidiaries and who are independent of management. Each term appointment is established by the City of Surrey.
Re-appointment is recommended by the Board and approved by the City of Surrey. Directors are required to affirm annually that they will abide with the Director Code of Conduct and must declare any actual or potential conflicts of interest on an ongoing basis. Directors are selected based on expertise and competencies in areas such as risk management, finance, real estate law, and real estate development as established by the Board.
The Board is responsible for appointing the Chair, who is responsible for appointing and evaluating the performance of the President & CEO and Officers of the Company and ensuring a succession plan is in place for the company.
At this time, the Board has established two standing Committees: an Audit & Finance Committee which advises the Board on the adequacy and effectiveness of the Company’s financial reporting, internal controls, information systems and risk management; and the Governance Human Resources & Compensation Committees which advises on the adequacy and effectiveness of the corporate governance practices and procedures, human resources, and compensation policies.
A Board evaluation process is completed each year, and time is set aside at each Board or Committee meeting for an in-camera discussion. The Board has three standing Committees: The Audit and Finance Committee, the Governance Human Resources Compensation Committee and Development Committee.
Re-appointment is recommended by the Board and approved by the City of Surrey. Directors are required to affirm annually that they will abide with the Director Code of Conduct and must declare any actual or potential conflicts of interest on an ongoing basis. Directors are selected based on expertise and competencies in areas such as risk management, finance, real estate law, and real estate development as established by the Board.
Leadership
The SCDC Board of Directors is comprised of 5 independent directors and 2 City-appointed directors
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Howard Nemtin
BOARD CHAIR
Howard Nemtin established Nemtin Consultants Limited in Vancouver in 1976. The firm provides project management, consulting and real estate development expertise to institutional, government and large private clients throughout British Columbia. Prior to this, Howard worked with Marathon Realty developing shopping centres in western Canada and Narod Construction in project management. Howard has served as Chairman of Coast Mountain Bus Company and Vice-Chair of Translink. He is a Director of SFU Community Trust (UniverCity) and Chair of the Finance & Audit Committees. Howard has been on the BC Mediator Roster since 2003 and is the author of “Communities in Cooperation – A Guide to Alternate Dispute Resolution for First Nations and Local Governments in British Columbia”. Mr. Nemtin has a Bachelor of Science from York University and an MBA from the University of Western Ontario. He is a practicing mediator with over 2,000 successful commercial mediations. Howard is a member of the Institute of Corporate Directors.
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Scott Dutchak
Scott Dutchak has more than 20 years of real estate experience including real estate development, asset management and portfolio strategies. Scott is currently with TELUS Corporation and leads their corporate real estate function. He has held senior management positions with BCI (British Columbia Investment Management Corporation), several major real estate organizations, including three of North America’s largest investors, owners and managers of commercial real estate, as well as a leading multi-national retailer. Scott is a professional urban planner with a Bachelor of Applied Arts from Ryerson University, a member of the Canadian Institute of Planners, and holds a Master of Business Administration from the Australian Institute of Business.
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Bruce Joyce
Bruce Joyce was a Senior Partner at Deloitte in Ottawa where he served terms as the Office Managing Partner National Capital Region and the National Leader of the Federal Government Practice. He currently serves as Chair of the Audit Committee of the Auditor General of Canada and is on the Board and Audit Committee Chair of Saegis, a CMPA company. Mr. Joyce also Chairs the Audit Committees of two publicly listed technology companies, CounterPath Corporation in Vancouver and ProntoForms Corporation in Ottawa. He is Chair of the Audit Committee for Ross Video, a private global production technology company based in Ottawa. Bruce lives in South Surrey, with a second home in Ottawa. Bruce has an FCPA, FCA (Fellow of the Chartered Professional Accountants of Ontario), has his ICD.D from the Institute of Corporate Directors and is Human Resources and Compensation Committee Certified through The Directors College.
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Vince Lalonde
Vincent is the City Manager of the City of Surrey and leads an innovative and dynamic Senior Management team to help shape and guide the City’s strategic and corporate goals as set by Council. Through value-based leadership, a commitment to continuous improvement, and a focus on inspiring and empowering his teams, Vincent is committed to working with Mayor and Council to deliver a thriving, green, inclusive city. Vincent is a Professional Engineer with his Bachelor and Master of Science degrees from McGill University.
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Christine Lundvall
Christine has nearly 30 years’ experience in the Canadian real estate sector; specializing in portfolio strategy, asset management, development as well as acquisitions and dispositions. Christine worked primarily as management partner at Bentall Kennedy, one of North America’s largest real estate investment managers. She was dedicated to the growth and performance of the firm’s largest client, the British Columbia Investment Management Corporation (BCI). Christine also led the Responsible Property Investing initiatives for the BCI account. Key programs included; strategic corporate planning, growth initiatives, risk management and governance frameworks. Christine holds an MBA from Dalhousie University and a BA (Economics) from the University of Western Ontario. She is a member of the Institute of Corporate Directors.
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Michael Heeney
ARCHITECT AIBC, FRAIC, RI (BC) PRESIDENT & CEO
A nationally and internationally recognized city builder, architect and urban strategist with over 25 years experience guiding organizations and leading diverse projects, Michael joined SCDC as President and CEO in 2017. With a long-term and deep commitment to Surrey, some of his project experience prior to SCDC includes Surrey Central City, the City Centre Library, the Guildford Aquatic Centre and the recently completed SFU Surrey Sustainable Engineering complex. Michael is passionate about enhancing communities through innovative urban design and architecture and sees the importance of creativity and culture in contributing to the health and vitality of urban centers. Michael sits on the Boards of the Downtown Surrey Business Improvement Association (DSBIA) and Ballet BC. He also sits on the Executive of the Vancouver Chapter of Lambda Alpha International, an international land economics organization. Michael is a member of both the Architectural Institute of BC and the Real Estate Institute of BC; a Fellow of both the Royal Architectural Institute of Canada and the Real Estate Institute of Canada; and a LEED Accredited Professional. He holds degrees from the University of British Columbia and the University of Toronto.
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Reny Kalhon
As a dedicated and knowledgeable professional with 20+ years of senior management experience in Board Governance and operations, Reny works closely with the CEO and President to ensure procedures and policies align with SCDC strategic vision. She is responsible for administrative operations and corporate governance.
Annual Reporting
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2013
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2014
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2015
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2016
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2017
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2018
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2019