FIN-19-038 - 2019 Development Charges Public Input

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