Special Council Meeting Tuesday October 8, 2024 at 7:00pm
Meeting Agenda: View Meeting Agenda
Watch Meeting: View Meeting Video
On the Agenda:
Amendments to the City’s DC by-laws are required to incorporate the recent legislative changes to the Development Charges Act (“the DCA”) brought through Bill 185.
Bill 185 results in partial reversals of previously announced changes through Bill 23.
The amendments to the DC by-laws will allow the City to regain its ability to charge 100% of DCs immediately instead of phasing in the DC rates over 5 years as previously mandated by Bill 23.
Furthermore, growth studies are treated as eligible capital costs under the DCA.
As a result, the revised forecasted DC revenue shortfall is estimated at $153.3 million. This represents a substantial decrease in estimated DC revenue loss when compared to the previously estimated DC revenue shortfall.
It is important to note that the actual financial impact of the legislative changes discussed above will be determined by the type of development, and the volume of development that is directly impacted. For example, the timing and size of developments that are newly exempt from DCs, such as, not-for-profit housing, affordable housing, additional residential units, etc.
Public Comments:
The public may submit written correspondence regarding agenda matters by email to clerks@richmondhill.ca. Written correspondence must be submitted by 12 p.m. on the day of the meeting. Comments submitted will be provided to all Members of Council, considered as public information and noted in the public record.
Delegations:
No prior registration is required to make an in-person Delegation, but is encouraged. Prior registration is required should the public intend to make an electronic delegation by video conference or telephone. Applications to appear as a delegation must be submitted by 12 p.m. on the day of the meeting by email to clerks@richmondhill.ca or by using the on-line application form. The Office of the Clerk will provide instructions on appearing as a delegation.