Around Town: Proposed New Development Cost Charges Bylaw Receives First Reading from Courtenay Council
Courtenay Council gave Bylaw 2480, 2016 first reading on Feb. 1 which addresses changes in Development Cost Charges (DCC). Based on the feedback from the public and additional analysis, the anticipated population growth rate was revised upward from 1 to 1.5% and the proposed DCC rates were amended accordingly.
Courtenay Council gave Bylaw 2480, 2016 first reading on Feb. 1 which addresses changes in Development Cost Charges (DCC).
Subsequently, during the January 11th Council meeting, Council directed that staff employ a 1% Assist Factor in preparing the final draft bylaw for Council consideration. The rates will be adjusted and the proposed increase in single family residential fees is +5%, and multi-family is down by -3% as is Commercial and Institutional fees which are down by -23%; Industrial fees are up by +1%.
The next steps in the DCC Bylaw process are:
- February 2016: Additional consultation with development community
- February – March 2016: Council considers the bylaw for second and third readings
- March – April 2016: Ministry review and approval
- April 2016: Bylaw adoption – Press release to ensure developers are aware of new rates
- April 2016: New DCC rates take effect.
To view the proposed bylaw, go to: http://www.courtenay.ca/assets/City~Hall/Council/Agendas/2016/2016-02-01_Council_Agenda.pdf and read the agenda for Feb. 1, starting on Page 25.
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