Page 31 - Development Charges News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To print this article, all you need is to be registered or login on Mondaq.com. Up until now, developers have been able to input the costs of existing bonusing by-laws (i.e., development charges and parkland by-laws) into their pro forma when the amount has been finalized. However, these amounts have been dependant on individual ward councillors, whom have been given great amounts of discretion by their municipalities. The result has been varying amounts of charges and a degree of unpredictability, even for adjacent lots. The new community benefit charges regime provid...

Article content Quinte Home Builders’ Association president John Van Huizen told city council Monday that a 120 per cent, one-time hike in municipal development charges starting Jan. 25 in the new year would devastate his industry as well as new homebuyers of newly-constructed single detached residences. In a deputation to council, Van Huizen balked at the proposal by the city to increase development charges for a single detached home in one fell swoop from the current $12,727 to $28,474. We apologize, but this video has failed to load. Try refreshing your browser. City council defers deba...