Development Cost Charges (DCCs) definition
Development Cost Charges (DCCs) means charges imposed on development projects for the purpose of providing funds to assist local government to pay the capital costs for infrastructure and open space to service, directly or indirectly, the development/growth for which the charges are being imposed.
Examples of Development Cost Charges (DCCs) in a sentence
The Drainage Development Cost Charges (DCC's) already collected in the benefiting area amount to $1,637,912.
Projected Sewer Development Cost Charges (DCC's) to be collected in the benefiting area are $890,000.
Municipal Development Cost Charges (DCCs) $17,882.48 Payable prior to BP issuance Yes Legal fees for non-market housing agreement At cost (estimated $6,000) Upon completion of Housing Agreement Yes Total $23,882.48 The City’s Corporate Policy – ▇▇-▇▇▇▇-▇▇ – Affordable Housing Reserve Fund (AHRF) – Guidelines for Allocation of Funds (Attachment 8) provides guidelines and criteria for use of funds within the AHRF.