Richmond to Hold Public Meeting on Proposed New Development Cost Charges
30 June 2008
The City of Richmond invites the public to a Public Meeting regarding proposed new development cost charges.
Proposed new Development Cost Charge Bylaw 8396 would affect individuals or companies applying for a building permit or subdivision. Development cost charges are proposed to increase for single-family, townhouse, apartment, commercial, light industry and major industry developments throughout the City of Richmond.
The Public Meeting will be held on Thursday, July 3 at 7 p.m. in the Anderson Meeting Room M.2.001 located at Richmond City Hall, 6911 No. 3 Road.
The purpose is to review the proposed new Development Cost Charge Bylaw and Program arising from the pending new City Centre Area Plan. Presentation boards will be available for viewing and staff will be on hand to provide information and answer questions.
The intent is the proposed new development cost charges would take effect one year after the Bylaw is adopted (e.g., September 2009).
For more information, please contact Hari Suvarna, Manager, Budgets & Accounting at 604-276-4365.
About Development Cost Charges
Municipalities levy development cost charges (DCCs) to recover infrastructure servicing capital costs for roads, drainage, water and sanitary sewer systems and parkland acquisition and development costs related directly or indirectly to the developments to be assessed. DCCs must only be used for new growth in the City, as opposed to maintaining existing services. The City of Richmond has levied DCCs since 1979, when they were introduced by provincial government legislation.
