- 21 April 2015
- Hailey Thomson
- Hits: 5174
Rates and Indexing
Development Charges are imposed to ensure that the cost of meeting growth related demands for services is met, but does not place a financial burden on existing tax payers. They also ensure that new tax payers bear no more than the net capital cost related to providing current levels of service.
The Development Charges Act, 1997 requires municipalities to complete detailed background studies. Thes studies must include, among other matters, estimates of projected growth, estimates of new services necessitated by that growth, and estimates of the capital costs of infrastructure projects required to meet the increased need for services.
A municipality must pass the development charge by-law within one year of the completion of th background study on which th by-law is based.
A development charge by-law is in force for a maximum of five years, unless repealed or replaced earlier. A new background study must be completed and a new by-law must be passed in order for a municipality to start levying development charges again.
- By-law information:084-2010 Development Charges as amended (303.79 kB)
2015 Development Charges By-law Update
For more information on development charges, contact us at 519-538-1060.