cover image: Summary of By-law 2019-055 - (As amended by By-law 2021-059)

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Summary of By-law 2019-055 - (As amended by By-law 2021-059)

25 May 2023

Purpose of Development Charges The purpose of development charges is to recover the growth-related costs associated with the capital infrastructure needed to service new development within the municipality. [...] 2019-055 (as amended or replaced) imposes residential development charges (calculated on the number and type of units) and non-residential development charges (calculated per square meter of gross floor area of the building) upon all lands within the boundaries of the City of Barrie. [...] The By-law contains several service categories, some of which serve all of the lands in the City of Barrie and some of which serve only the Salem and Hewitt’s Secondary Plan areas, Whiskey Creek area or the former City of Barrie municipal boundary areas. [...] Interest charges are applied to development charges outstanding, at a rate fixed for the duration of the loan on the date that the first instalment is due. [...] For institutional development: DCs will be due in 6 equal annual payments plus interest commencing on the earlier of the date of the issuance of an occupancy permit or the date the building is first occupied.

Authors

sfriary

Pages
7
Published in
Canada

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