Quote:
Originally Posted by Empire
Hopefully this site will be used to set new standards. There should be a performance bond required for this type of development. 5% of the development sounds good. So this development is in the $30 million range and 5% would be $1.5 million for the bond. If the work does not proceed according to schedule or is not in accordance with the DA then the bond is forfeited. There should at least be an unsightly premises charge slapped on Armour.
I really hope the province/city buys this site and restores the REGISTERED HERITAGE BUILDINGS. It could be a Heritage Museum and a development office for downtown.
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This is part of the problem with a zoning system. Where things are 'as of right' most of the time; you can't apply such a condition to approving the development. You might be able to get away with it through a development agreement (which waterside was given) - but then you risk that the developer might walk away or try to have someone on council strike that requirement.
The land use system in most of the western provinces would label this type of development discretionary, so it would be approved by a Development Officer, but you could apply a variety of conditions on the permit (such as public realm improvements, landscaping letters of credit). But the catch is that any condition can be appealed; so there is no guarentee the condition would stand on appeal. I did a project where the landscaping required a letter of credit of 2.2 million $ (it was a huge project). The guy appealed the condition of approval for the letter of credit. He ended up having to pay an extra $100,000 on top of the 2.2, because the neighbours also appealed and the appeal board added a whole bunch of trees for privacy lol.
I think if staff were to take a report forward investigating such a bond; if council decided to go with it - then you wouldn't really see any opposition from developers, since council would've made the decision.