Community Amenity Contribution Policy
Motion
It was moved and seconded that Council: 1. support the Community Amenity Contribution (CAC) Policy with the rates and defined increases as recommended in the Rollo report (July 2020), as follows: Land Use CAC rate starting Single Residential Dwelling CAC rate starting 2022-JAN-01 - $3,000/unit Single Residential Dwelling CAC rate starting 2023-JAN-01 - $5,500 /unit Single Residential Dwelling CAC Rate Starting 2024-JAN-01 - $8,000/unit Townhouse Residential Dwelling A dwelling that shares one or more walls with another unit, with no unit above, and has a ground level entrance. CAC rate starting 2022-JAN-01 - $2,500/unit CAC rate starting 2023-JAN-01 - $5,000/unit CAC Rate Starting 2024-JAN-01 - $7,500/unit Multi Famiy Dwelling CAC rate starting 2022-JAN-01 - $2,000/unit CAC rate starting 2023-JAN-01 - $3,5000/unit CAC Rate Starting 2024-JAN-01 - $5,000/unit Commercial and Industrial CAC rate starting 2022-JAN-01 - $34 per m2(GFA) CAC rate starting 2023-JAN-01 - $34 per m2(GFA) CAC Rate Starting 2024-JAN-01 - $34 per m2(GFA) Cannabis and Liquor Retail Store CAC rate starting 2022-JAN-01 - $10,000 per store CAC rate starting 2023-JAN-01 - $10,000 per store CAC Rate Starting 2024-JAN-01 - $10,000 per store Student Housing CAC rate starting 2022-JAN-01 - $ $1,000 per bed CAC rate starting 2023-JAN-01 - $1,000 per bed CAC Rate Starting 2024-JAN-01 - $1,000 per bed 2. and prior to endorsement, direct Staff to move forward with community consultation, including creating an information page on the City website, and send a referral to the Neighbourhood Network.