Stephanie Nagel, Director, Corporate Finance and Treasurer, provided an overview of the legislative requirements regarding the development charges (DC) process.
Adrian Smith, Chief Planner and Director, Regional Planning and Growth Management, provided background information regarding the Region of Peel’s integrated approach for growth management and the collaborative approach taken in developing the DC background study and proposed by-law.
Gary Scandlan, Managing Director, Watson and Associates Economists Limited, provided an overview of the Development Charges Act, legislative changes and impacts that have occurred as a result of Bill 73: Smart Growth for our Communities Act, 2015; Bill 108/138: More Homes, More Choice Act; and, Bill 197: COVID-19 Economic Recovery Act. He highlighted local service policies; mandatory and discretionary exemptions; definition up-dates for apartments; demolition credit time limit requirements; growth forecasts; calculated DC rates and rate comparisons for residential and non-residential units and survey results for comparisons for municipalities in the Greater Toronto Area.
Stephanie Nagel provided a summary of the development industry engagement process and the 2020 development charges timeline. She noted that there will be further consultation with the development community to receive ongoing feedback which will be considered in the preparation of the final 2020 DC By-law which is anticipated to be brought forward to the November 26, 2020 Regional Council meeting for enactment and that the By-law would come in force January 1, 2021.