Gary Scandlan is joined by Darryl Abbs, and presents an overview of Town's Development Charges Update Study as appended on the agenda. The consultants review the recent amendments to the Development Charges Act; provide a summary of updates included in the Town’s Development Charges Update Study, review the resulting changes in the Development Charges to be included in the amending Development Charges By-law and a comparison of those charges with area municipalities.
The Mayor opens the floor for questions.
A Member inquires on additional public comment opportunities with this Study. The Director Development Services indicates that the Development Charges Update Study has been posted on the Town's website for 60 days in accordance with the Development Charges Act and Mr. Scandlan notes that any comments that are received before the Development Charges Update Study and associated amending Development Charges By-law is adopted will be reviewed by Administration and Watson and Associates Economists Ltd.
In response to an inquiry, the Director Financial Services advises that a policy is being developed regarding interest charges as it relates to deferred payments that will be permitted due to Development Charges Act amendments.