Project Summary: DCC Update
A project to update the Development Cost Charges (DCC) Bylaw to accurately reflect development costs.
Project Summary
Project Name: DCC Update Priority: Required Public Engagement: Consult Financial Plan: 2025 – 2029 Project Number: 1-2-03100-615 CC310-18 Reference Number: N-124
Submitted by: Ivan Leung Director: Ivan Leung, Transportation Services
Executive Summary
A major update to the DCC Bylaw has not been reviewed since 2017/2018. DCC Bylaws are typically updated every 5 years to ensure that DCC projects align with updated master plans and OCP's and to ensure that the new bylaw accurately reflects development costs and that growth related infrastructure is fairly distributed between development and the community.
Business problem and opportunity
With the OCP and several master plans being updated in the next few years, it is critical that the DCC Bylaw be updated.
Proposed project objectives
- To formalize and adopt a new bylaw that accurately reflects development costs and consequences to existing and future infrastructure.
- It is recommended to commence the update once all master plans have been completed (late 2026).
- Public engagement is often required for major updates to DCC bylaws.
Business risks
Lack of updates can lead to DCC charges for development not being accurately allocated to cover growth related upgrades to infrastructure.
Proposed sources of funding
Development cost charges reserves (allocated proportionately) 1-1-00500-184
Costs and benefits
| Costs | FY1 | FY2 | FY3 | FY4 | FY5 | 5-year Total |
|---|---|---|---|---|---|---|
| Capital | 0 | 0 | 0 | 0 | 0 | 0 |
| Operational | 0 | 75,000 | 0 | 0 | 0 | 0 |
| Total | 0 | 0 | 0 | 0 | 0 | 0 |
| Benefits | |
|---|---|
| Tangible | |
| Intangible |
Recommendation
THAT the Committee recommend the 2025-2029 Financial Plan include DCC Update in 2026 to be funded by DCCs deferred revenue.
