File #: FIN013-25    Version: 1 Name:
Type: Staff Report Status: Agenda Ready
File created: 7/28/2025 In control: General Committee
On agenda: 8/13/2025 Final action:
Title: DEVELOPMENT CHARGE BY-LAW AMENDMENT 1. That Development Charge By-law 2023-074 be amended to incorporate the Provincial grant funding into the calculation of development charge rates, resulting in a corresponding reduction to the applicable rates; 2. That Development Charge By-Law 2023-074 be amended to remove the requirement that the "Hard Services" component be paid at the time of entering into a Subdivision Agreement; 3. That Development Charge By-Law 2023-074 be amended to remove the provision requiring the imposition of interest on future installment payments; and 4. That the Development Charge By-Law 2023-074, as amended in Appendix A attached to staff report FIN013-25, be adopted. (FIN013-25) (File: D11)
Attachments: 1. FIN013-25, 2. Appendix A DC By-law Amendment
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Title

DEVELOPMENT CHARGE BY-LAW AMENDMENT

 

1.                     That Development Charge By-law 2023-074 be amended to incorporate the Provincial grant funding into the calculation of development charge rates, resulting in a corresponding reduction to the applicable rates;

 

2.                     That Development Charge By-Law 2023-074 be amended to remove the requirement that the “Hard Services” component be paid at the time of entering into a Subdivision Agreement;

 

3.                     That Development Charge By-Law 2023-074 be amended to remove the provision requiring the imposition of interest on future installment payments; and

 

4.                     That the Development Charge By-Law 2023-074, as amended in Appendix A attached to staff report FIN013-25, be adopted. (FIN013-25) (File: D11)