Development Cost Charges definition
Examples of Development Cost Charges in a sentence
It is, therefore, reasonable for the City to enter into an agreement with the developer whereby the developer finances the infrastructure as outlined, and the City reimburses the developer as the Development Cost Charges are collected from the benefiting properties.
The applicant hereby acknowledges that Development Cost Charges may be required by Metro Vancouver, and by the City of Delta in accordance with the Delta Development Cost Charges Bylaw No 7560, 2017.
The work proposed to be financed and constructed by the developer is work that is now in the 10 Year Servicing Plan and is included in the calculations of the Development Cost Charges.
As a result, the first developer has offered to fund the construction of the trunk sewer in the ▇▇▇▇▇▇▇▇ Heights Central NCP, provided that they will be reimbursed by the City over time, as drainage Development Cost Charges are collected from benefiting areas.
A first developer has offered to fund the construction of the detention facilities in the East ▇▇▇▇▇▇ North NCP, provided that they will be reimbursed by the City over time, as drainage Development Cost Charges are collected from within the benefiting area.
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Items that are out of scope for this project include Water Development Cost Charges and Connection Charges, which will not be addressed as part of this initiative.
Projected Sewer Development Cost Charges (DCC's) to be collected in the benefiting area are $890,000.
The work proposed to be financed and constructed by the developer is work that is in the 10 Year Servicing Plan and is included in the calculations of the Development Cost Charges.
As the City's policy is not to initiate the servicing of Neighbourhood Concept Plans using City funds, the first developer in this sanitary sewer catchment area of the ▇▇▇▇▇▇▇▇ Heights West NCP has offered to fund the construction of the sanitary sewer system, provided that they will be reimbursed by the City over time, as sanitary sewer Development Cost Charges are collected from future development within the benefiting area.