THE CORPORATION OF THE TOWN OF OAKVILLE

To: THE CORPORATION OF THE TOWN OF OAKVILLE BY-LAW NUMBER 2022-108 A By-law to require the conveyance of parkland or the payment-in-lieu of parkland pursuant to the Planning Act WHEREAS Sections 42, 51.1 and 53 of the Planning Act authorize local municipalities to require that land, or payment-in-lieu thereof be conveyed to the local municipality for park, or other public recreational purposes as. [...] “Development” means the construction, erection or placing of one or more buildings or structures on land, or the making of an addition or alteration to a building or structure on land, or the making of an addition or alteration to a building or structure that has the effect of substantially increasing the size or usability thereof, or the laying out and establishment of a commercial parking lot. [...] “Storey” means the portion of a building that is: a) Situated between the top of any floor and the top of the floor next above it; or, Page 3 By-Law Number: 2022-108 b) Situated between the top of the floor and the ceiling above the floor, if there is no floor above it. [...] For development or redevelopment subject to Section 42 of the Planning Act, the value of the land or payment-in-lieu equivalent to be paid shall be determined as the value of the land the day before the day that the building permit is issued, and if more than one building permit is required, the value shall be calculated the day before the day that the first building permit is issued; ii. [...] For development or redevelopment subject to Sections 51.1 and 53 of the Planning Act, the value of the land or payment-in-lieu equivalent shall be determined in accordance with the conditions of approval of a plan of Page 7 By-Law Number: 2022-108 subdivision or condominium pursuant to Section 51 of the Planning Act or the conditions of provisional consent pursuant to Section 53 of the Planning Ac.