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REPORT TO:Finance and Corporate Services Committee <br />DATE OF MEETING:May 13, 2019 <br />SUBMITTED BY:Ryan Hagey, Director of Financial Planning, 519-741-2200 x 7353 <br />PREPARED BY:Ryan Hagey, Director of Financial Planning, 519-741-2200 x 7353 <br />WARD (S) INVOLVED:All <br />DATE OF REPORT:April 26, 2019 <br />REPORT NO.:FIN-19-038 <br />SUBJECT:2019Development Charges Public Input <br />___________________________________________________________________________ <br />RECOMMENDATION: <br />THAT the Finance and Corporate Services meeting datedMay 13, 2019 be deemed as the <br />statutory public meeting for the 2019 Development Charges By-law update and it is <br />determined that no further public meetings will be held in respect to the passage of the <br />by-law; and further <br />BACKGROUND: <br />The Development Charges Act and its associated regulation allow municipalities to impose <br />development charges to pay for growth-related capital costs to service new development. <br />In order to do so, under the terms of the Act, municipalities must prepare a development charge <br />background study and pass a bylaw to determine the development charges, taking the following <br />into account: <br />A forecast of the amount, type and location of development anticipated in the municipality <br />for which development charges can be imposed. <br />The average capital service levels provided by the municipality in the 10-year period <br />immediately preceding the preparation of the background study. <br />A review of future capital projects, including analysis of gross expenditures, funding <br />sources and net expenditures incurred or to be incurred by the municipality, to provide <br />for the expected development. <br />An examination of the long term capital and operating costs for capital infrastructure for <br />each service to which the development charges relate. <br />Develo <br />expires on July 1, 2019. In order to update the bylaw, a background study must be published, <br />and at least one public meeting must be held. <br />Council has already provided direction to publish a background study, which was posted to the <br />th <br />.In addition, Council has also provided direction to schedule a <br />statutory public meetingwhich is the main focus of the time dedicated to this report on the May <br />th <br />13Committee agenda. <br />to the DC Study and bylaw, followed by an opportunity for stakeholders to provide theirinput. <br />3 - 1 <br />