Title
CASH-IN-LIEU OF PARKLAND REVIEW (17-G-162)
1. That the draft By-law attached as Appendix "C" to Staff Report FIN016-17 be enacted and By-law 89-341, as amended by By-laws 90-168, 91-31 and 96-62, being a By-law to provide for the dedication of land for park purposes for development or redevelopment of residential, commercial or industrial land, be repealed.
2. That the following Cash-in-Lieu of Parkland policies be approved, effective July 1, 2017:
a) Establish a unit rate per dwelling unit for medium and high density developments of $5,000 per unit;
b) Establish a unit rate to be applied to in-fill development of single family units in the former City Boundaries, of $5,000 per dwelling unit;
c) That, for greenfield development of low density units, land dedication at a rate of one hectare per 300 dwelling units be the preferred form of parkland dedication, however, in the case that land cannot be dedicated, Cash-in-Lieu of Parkland will be required based on the market value of serviced developable land at a rate of one hectare per 500 dwelling units;
d) That the unit rates be indexed annually at the same rate as the City-wide Development Charges, i.e. by the percentage change during the preceding year as recorded in the Statistics Canada's Construction Cost Index (non-residential building) (CANSIM table 327-0043), as may be amended or replaced from time to time;
e) That the Cash-in-Lieu of Parkland rates undergo a full review at least every five years, in conjunction with the review of the City of Barrie's Development Charges;
f) That Cash-in-Lieu of Parkland for institutional land be at a rate of 5% of the market value of serviced land for the proposed development; and
g) That Cash-in-Lieu of Parkland for other non-residential land (i.e. industrial and commercial land) be at a rate of 2% of the market value of serviced land for the proposed development.
3. That staff in the Planning and Building Services and Finance Departments report back to ...
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