Community Amenity Contributions Policy - Attachment 1

POLICY:

1.1. Discretion The Town will consider proposed Community Amenity Contributions on a case by case basis. Nothing in this policy is intended to impair or fetter the discretion of Council with respect to the adoption of any bylaw.

1.2. Community Amenities Community Amenities may include those identified in the Official Community Plan, Parks Master Plan and other Town documents, or those accepted by Council through the development application process.

1.3. Priorities The following community amenities will be prioritized over cash amenities or more general community amenities that benefit the larger community 1.3.1. Tangible amenities Contributions that benefit the immediate neighbourhood or directly address local development impacts. 1.3.2. Tangible amenities that can be implemented in the short term rather than the long term.

1.4. Consideration of Tangible Amenities Tangible amenities should be of clear value to the Town.

1.5. Valuation of Tangible Amenities The financial value of Tangible Amenities will be determined by staff.

1.6. Non/Below Market or Special Needs Housing Community Amenity Contributions are not expected for residential units that would be in perpetuity non-market, below-market or for special needs.

1.7. Long Term Ongoing Costs Factors in considering the acceptability of a Tangible Amenity will include the long-term costs to operate, maintain, repair and replace the amenity.

1.8. Housing Affordability and Supply The potential impact on housing affordability and supply will be considered.

1.9. Target Rates The following target rates for Cash Amenities are established as basis for negotiation: 1.9.1. $5500 per single-family residential unit/lot 1.9.2. $3500 per unit for other types of residential uses

1.10. Land Lift Analysis A land lift analysis should be conducted by a qualified third party agreed to by the development proponent and the Town where more than 100 additional residential units are proposed or possible. The Town will seek a target of 50% of the increase in land value for the provision of community amenities. The cost of conducting the analysis would be deducted from the Community Amenity Contribution amount. Where there is no or negative land lift, alternative community amenities may be negotiated.

PROCEDURES:

2.0 Cash Amenities

2.1. Cash amenities will be calculated based on the maximum increased development potential of the new zone or another agreed upon amount and: 2.1.1. Received concurrently with fourth reading of a rezoning bylaw; or 2.1.2. Secured in a covenant registered concurrently with fourth reading of a rezoning bylaw. The covenant will state that the Cash Amenities are a voluntary contribution and establish timing for the provision of the Cash Amenities.

3.0 Tangible Amenities

3.1. Tangible Amenities will be: 3.1.1. Received concurrently with fourth reading of a rezoning bylaw; or 3.1.2. Secured in a covenant registered concurrently with fourth reading of a rezoning bylaw. The covenant will state that the Tangible Amenity is a voluntary contribution; set the security deposit value; establish timing for the provision of the tangible amenities; and if the tangible amenity is not completed, the contributor’s claim to the security deposit would be released and the Town may complete the tangible amenity.

ATTACHMENTS: N/A

DISTRIBUTION:

Electronic file Y:\Administration\0340 \50 \6400 – Planning and Town of View Royal website.

RECORD OF AMENDMENTS