Town of Oakville - Parks Plan 2031

Bill 197 provides for additional payment is to be determined based on the value checks and balances on the use of alternative of the land as of the day before the issuance of the parkland standards that the Town can apply in first building permit. [...] Area; and, In considering the amount of parkland dedication • To generate the opportunity (either by providing achieved on an individual development site, the land or cash-in-lieu of land) to provide additional context of the “intensification” objectives of the Town, parkland elsewhere within the Town in support the Region and the Province need to be considered. [...] It is estimated that to equivalent of the application of the Mixed-Use achieve the Town’s Parkland Target of 2.2 hectares Formula or the alternative cash-in-lieu of land per 1,000 people within the Strategic Growth Areas, provisions of the Planning Act for residential the Town will need to acquire 23.7 hectares of new development of 1 hectare per 500 dwelling units, parkland. [...] It is recognized that the Strategic Growth Areas The primary objective of the Town is to promote will generate land within the Strategic Growth Area appropriate mixed-use development in the appropriate itself, as well as cash-in-lieu of land for the Town to locations as part of achieving the principles of good acquire parkland elsewhere in the Town to ensure planning and Town-building, and as such. [...] In of the value of the land area; Oakville, the Town typically determines whether land, or cash-in-lieu of land, or some combination thereof is • For all other non-residential land uses - up to 5% of appropriate based on the policies of the Official Plan, the value of the land area; any applicable Secondary Plan and/or the identified needs of the community.