Motion To: WHEREAS in calculating the Park Development rates following the release of the 2019 Development Charge Background Study certain parks development items were excluded from the calculation of development charges rates, specifically (a) the 50% post-benefit period shares for urban park projects occurring over the 2025-2029 benefitting period, and (b) adjustment for $1.1 million in the Inside the Greenbelt Parks Development development charge reserve fund. AND WHEREAS the City’s consultant has calculated revised development charges that will result from these adjustments . THEREFORE BE IT RESOLVED that Schedules “B” and “C” of the Development Charge Background Study dated March 15, 2019 and the City-Wide 2019 Development Charges By-law be amended to include, in respect of the Inside the Greenbelt parks component of the development charge, the 50% post-benefit period shares for urban park projects occurring over the 2025-2029 benefitting period and an adjustment for the
Absent/RecusedS. Moffatt (a)
Vote recorded from City Council on 2019-05-22 regarding agenda item 2019 DEVELOPMENT CHARGES BACKGROUND STUDIES AND BY-LAWS.