DEVELOPMENT COST CHARGES FOR ROADS

Roads By-law 2376

Development cost charge share of costs in 1988- 6,026 ,004.00

Development cost charge share of costs in 1990
6 ,026,004.00 plus 6% equals 6,387,564.00

Number of units — 4931

Recommended development cost charges for single family
Units — 1295/unit :
Recommended Development: Cost Charges for milti-family — 907 /unit

Recommended Development Cost Charges for commercial — 194.2.5/100m"
Recommended Development Cost Charges for industrial — 8547/ha.
An increase in Development Cost Charges of 6%

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Special Area #1
Cost of works in 1988 31,860.00
Cost of works in 1990 31,860.00 plus 6% equals 33,772.00
Cost attributable to New development
33,772.00 times 1.192 equals 31,158.00

1.292
10% assistance factor equals 3116
Total to new development equals 28,042.00
Development Cost Charges 23,525/ha

An increase of Development Cost Charges .022%

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