THE CORPORATION OF THE CITY OF PORT coaufh 0 lJ BY-LAW NO. 1680 A By-law to impose Development Cost Chargea for Highway rad flies! 1973 xequirements in Specified Arcas. _ WHEREAS pursuant to Section 702C of the Municipal Act the Council may, by By-law, impose devciopment cost charges under the terms and conditions of the Section; ‘AND WHEREAS development cost charges may be imposed for the purpose of providing funds to assist the City in paying the capital cost of providing, altering, or expanding highway facilities in order to serve, directly or indirectly, the development in respect of which the charges are imposed; AND WHEREAS no development cost charge shall be required to be paid (a} a development cost charpe has previously been paid with respect to the same development, unless as a result of a further subdivision or development, new capital cost burdens will be imposed on the City; or (b) where the subdivision or development docs not impose new capital cost burdens on the City; . AND WHEREAS in the consideration of Counci} the charges imposed by this By-law: . | (a) are not excessive in relation to the capital cost of prevailing standards of service in the City; will not detect development in the City; . will not discourage the construction of reasonably priced housing or the provision of reasonably priced serviced land; are not duplication of requirements fmposed by the City pursuant to land use contract, development permits or the provisions of a subdivision control by-law, or Section JUL of the Municipal Act. AND WHEREAS in the opinion of Council the charges imposed by this By-law are related to capital costs attributable to projects involved in the capital budpet of the City. Nore: Avast lable {or FiImAr Ready. City Cea