Quote:
Originally Posted by Treesplease
Perhaps I’m just way out of the loop and not the least bit current on city happenings (likely) but the decision to pass the true cost of suburb development (an increased portion of it anyway) on to developers and onto suburb home buyers by default seems extremely significant to me. A 36% increase in the per hectare development costs onto developers is a large jump. This has the potential to balance the cost curve between infill developments and outlying burb developments and financially “curb” sprawl. Although even at $359k per hectare it seems relatively cheap for all the roads and sewer pipes required. I haven’t heard mention of this change in development pricing before?
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To be clear, the City does not pay for the pipes, parks and roads within the new subdivision. The developer must pay for that and then turn them over to the City for free. The City pays for the connections to the edge of the subdivision. Sometimes there is an agreement to share certain costs within the subdivision for arterial roads or trunk lines that also service other areas of the City.
The Development levy is for infrastructure outside of the subdivision such as arterials, trunk lines, recreational facilities and parks that might directly or indirectly benefit the subdivision.