Development Cost Charges Reduction Bylaw No. 3973, 2024 — full text, Campbell River, British Columbia

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ae Campbell Cc" DEVELOPMENT COST CHARGES REDUCTION BYLAW 3973, 2024 | ae b. "3 --_ * sasalpes iO ; sean one os oa EA - fa = ae an" <coes = _ ae oe ee ae RES cin : ey oad id ia - we : "a - as « ta PM Se te wt -- re ' ; 7 Re E = e) a c= 3 p3 Ts Pe ~ ft _ Cw aw tr ' ' io a tp eee Sn ae wh) 1 '@ Bt a. es z= *-- rh : ; R : ays > gaia City of Campbell River | DEVELOPMENT COST CHARGES REDUCTION BYLAW No. 3973, 2024 1 DISCLAIMER Hyperlinks, internet addresses, QR codes and any material associated with, or accessed through such links, do not form part of the bylaw and are provided as supplementary material for convenience only. In the event of any query, dispute or legal challenge, a plain text-only version of the bylaw is available and maintained as being the authoritative copy. Unless an image, photograph or diagram is explicitly referred to in the text of the bylaw as being part of the bylaw, any images, photographs and diagrams do not form part of this bylaw and are provided as supplementary material for convenience only. Cover photo by Toni Falk es bo ra ket ad art The "QR code" to the left provides quick access to the Campbell River = Ah ci" = website http://www.campbellriver.ca using a mobile QR code reader app. . Ke -- Oo a Date 2 City of Campbell River | DEVELOPMENT COST CHARGES REDUCTION BYLAW No. 3973, 2024 City of Ke Campbell River DEVELOPMENT COST CHARGES REDUCTION BYLAW Bylaw No. 3973, 2024 ADOPTED October 10, 2024 PURPOSE This bylaw sets out the type of development eligible for Development Cost Charges Reduction. City of Campbell River | DEVELOPMENT COST CHARGES REDUCTION BYLAW No. 3973, 2024 3 CONTENTS PART 1: Title ............cccsceccccscsssssesceccccccensssessecsccscanssssssseeesessanensssssesscesanssssseseessessansnsssesessesssansnssesseseeaeeD PART 2: Definitions.............cccccssssccccssssccccsssscecesssceccssssceccesssesccesssssscesssssscessssscesssssscessessssesssssssssssessesseseD PART 3: Application ...........cccccsssscccsssssccccssssceccssscsccssssssccsssssccesssssccesssssscesssssesssssscesssssssesssssssesssssssesseseO PART 4:Development Cost Charges Reduction for Eligible Development ............ccssssssccssssesceeesssseeeeseeeO PART 5:Procedure for Grant of Development Cost Charges REGUction............:ssssccssssssccsssssccessescessseee D PART 6: REPayMe nt ...........cccceescecsssccesseccescecssscceseccescecessccesssscssccsssseesssccssccesssessssccescsesssscsscsesssssessssessee D PART 7: Effective Date ............cssscccsssssccccssssceccsssscecsssscsccesssssccesssssscsssssccesssssscessssscessssssssssssssssssssssssssee D 4 City of Campbell River | DEVELOPMENT COST CHARGES REDUCTION BYLAW No. 3973, 2024 The Council of the City of Campbell River enacts as follows: PART 1: Title 1.1. This bylaw may be cited for all purposes as "Development Cost Charges Reduction Bylaw No. 3973, 2024". PART 2: Definitions 2.1 In this bylaw unless the context otherwise requires: Applicant means the owner of a development eligible for a Development cost Charges Reduction under this bylaw; Application means an application for a Development Cost Charges Reduction in the form established by the Director of Development Services from time to time; Building means a building or structure for which a Building Permit is required under the Building Bylaw; Building Bylaw means Building Bylaw No. 3899, 2023, as amended or replaced from time to time; Building Permit means a permit issued by the City that authorizes the construction or alteration of a Building in accordance with the Building Bylaw; City means the City of Campbell River; CMHC means the Canada Mortgage and Housing Corporation or any successor organization; Development means the improvement of land pursuant to a Building Permit; Development Cost Charges means Development Cost Charges payable for a Development under the Development Cost Charges Bylaw; Development Cost Charges means Development Cost Charges Bylaw No. 3411, 2010, as Bylaw amended or replaced from time to time; Development Cost Charges means a Development Cost Charges Reduction specified under Reduction section 4.2 of this bylaw; Director of Development means the Director of Development Services employed by the City; Services Eligible Development means a Development specified in section 4.1 of this bylaw; Housing Agreement means a housing agreement pursuant to section 483 of the Local Government Act; Occupancy Permit means permission or authorization in writing issued by the City to occupy a Building for its intended purpose in accordance with the Building Bylaw; City of Campbell River | DEVELOPMENT COST CHARGES REDUCTION BYLAW No. 3973, 2024 5 Prime Interest Rate means the rate of interest equal to the floating interest rate established from time to time by the National Bank of Canada as the base rate that will be used to determine rates of interest charged by it for Canadian dollar loans to customers in Canada and designated by the National Bank of Canada as its prime rate; Triggering Date means the date of issuance of a Building Permit that triggers the requirement to pay Development Cost Charges. 2.2 For the purpose of this bylaw, the definitions of words and phrases that are not included in this section shall have the meaning assigned to them in the Local Government Act or the Community Charter, as the case may be. PART 3: Application 3.1 A Development Cost Charges Reduction shall only apply to those Development Cost Charges applicable in all areas of the City, being those specified in Schedule "A", Schedule "B", and Schedule "C" attached to the Development Cost Charges Bylaw. PART 4: Development Cost Charges Reduction for Eligible Developments 4.1 For purposes of this bylaw, an "Eligible Development" is any one of the following classes of development: a. A not-for-profit rental housing Development, including an assisted living development, owned by a public authority or a not-for-profit society incorporated under the Societies Act, subject to a Housing Agreement that: i. Limits the form of tenure of the housing units to rental tenure for a term of not less than 20 years from the date an Occupancy Permit is granted; and ii. Requires the housing units to be rented: 1. Fora monthly rate that is a minimum of 10% less than the current median market rent levels published by CMHC from time to time; or 2. In accordance with an executed agreement with BC Housing or CMHC. b. A for-profit affordable rental housing Development subject to a Housing Agreement that: i. limits the form of tenure of the housing units to rental tenure for a term of not less than 20 years from the date an Occupancy Permit is granted; and ii. requires the housing units to be rented for a monthly rate that is a minimum of 10% less than the current median market rent levels published by CMHC from time to time. 4.2 Subject to section 3.1, the total Development Cost Charges payable for a Development are hereby 6 City of Campbell River | DEVELOPMENT COST CHARGES REDUCTION BYLAW No. 3973, 2024 reduced by 50% for an Eligible Development described in section 4.1. 4.3 In any case where part of a Development constitutes an Eligible Development, and part does not, the Development Cost Charges Reduction shall only apply to the part of the Development that constitutes an Eligible Development. PART 5: Procedure for Grant of Development Cost Charges Reduction 5.1 A Development Cost Charges Reduction for an Eligible Development shall be granted in accordance with the following procedure: a. inorder to be eligible for a Development Cost Charges Reduction, an Applicant must submit a complete Application to the City on or before the Triggering Date; b. subject to subsection 5(c), the Applicant shall pay to the City when due all Development Cost Charges payable for the Development as if the Development does not constitute an Eligible Development; c. within thirty (30) days of the date that an Occupancy Permit is issued for the Eligible Development the City shall refund to the Applicant an amount equal to the Development Cost Charges Reduction for the Eligible Development; and d. if a Development does not constitute an Eligible Development at the time that an Occupancy Permit is issued for the Development, then the entitlement to a Development Cost Charges Reduction is forfeited absolutely and no refund of Development Cost Charges shall be provided to the Applicant under subsection 5(c). PART 6: Repayment 6.1 'If, at any time during the term of the applicable Housing Agreement a Development, or any portion of a Development, for which a Development Cost Charges Reduction has been granted under this bylaw ceases to qualify as an Eligible Development due to: a. non-compliance with the requirements of section 4.1; or b. non-compliance with the provisions of the applicable Housing Agreement; then the full amount of Development Cost Charges that would have been payable on the Triggering Date, had the Development Cost Charges Reduction not been granted, plus interest at the Prime Interest Rate, plus 2% per year calculated monthly since the Triggering Date, compounded annually, shall constitute a debt owing to the City and shall be due and payable immediately. PART 7: Effective Date 7.1 This Bylaw comes into force on the date of its adoption, and will remain in effect until October 31, 2027 and/or until such time as available funding (a total program budget of $250,000) is exhausted. City of Campbell River | DEVELOPMENT COST CHARGES REDUCTION BYLAW No. 3973, 2024 7 READ THE FIRSTTIME this 5 dayof September, 2024 READ THE SECOND TIMEthis 5 dayof September, 2024 READ THE THIRD TIMEthis 5 dayof September, 2024 ADOPTED this 10 day of October, 2024 Signed by the Mayor and Corporate Officer this 10 day of October, 2024 bene Powe" Kermit Dahl, MAYOR 4 = CORPORATE OFFICER 8 City of Campbell River | DEVELOPMENT COST CHARGES REDUCTION BYLAW No. 3973, 2024 301 St. Ann's Road City of Campbell River, BC V9W 4C7 A Campbell Phone (250) 286-5700 | = 1 Fax (250) 286-5763 River www.campbellriver.ca