BYLAW NO. 1080, 2021 - A BYLAW TO ESTABLISH A RESERVE FOR COMMUNITY AMENITY CONTRIBUTIONS
Draft bylaw to create a dedicated reserve fund for cash contributions received from developers for community benefits.
TOWN OF VIEW ROYAL
BYLAW NO. 1080, 2021
A BYLAW TO ESTABLISH A RESERVE FOR COMMUNITY AMENITY CONTRIBUTIONS
The Council of the Town of View Royal, in open meeting assembled, enacts as follows:
This Bylaw is cited as the “Community Amenity Contributions Reserve Bylaw No. 1080, 2021”.
A Community Amenity Contributions Reserve is established for the specified purpose of depositing and using cash Community Amenity Contribution funds for the purpose of any public benefit, improvement or contribution that can enhance the quality of life for a community.
Money in the Community Amenity Contributions Reserve, and interest earned on it, must be used only for the purpose of funding those initiatives that provide any public benefit, improvement or contribution that can enhance the quality of life for a community.
READ A FIRST TIME THIS ______ DAY OF ________________, 2021
READ A SECOND TIME THIS ______ DAY OF ________________, 2021
READ A THIRD TIME THIS ______ DAY OF ________________, 2021
ADOPTED BY COUNCIL, SIGNED BY THE MAYOR AND THE CLERK AND SEALED WITH THE SEAL OF THE TOWN OF VIEW ROYAL THIS ______ DAY OF ________________, 2021
MAYOR
CLERK
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