JUN 2 3 1990

THE CORPORATION OF THE
CITY OF PORT COQUITLAM

REPORT TO COUNCIL

June 21, 1990
BR. Kirk, City Administrator

K. Janna Taylor, Parks & Recreation Director

Park Development Cost Charges
(Parks & Recreation Committee Meeting June 13, 1990)

Recommendations:

1. That Park Development Cost Charges be set at $1,319 per
residential unit.

2. That a bylaw be prepared reflecting the new rate of $1,319 per
residential unit.

Background of Park Development Cost Charges:
MUNICIPAL ACT

The Municipal Act under section 983 provides the City with the authority
to impose development cost charges for the capital costs of "providing
park land" upon subdivision.

In fixing the development cost charge the council needs to take into
consideration whether or not:

1) the charges are excessive in relation to the capital costs of
prevailing standards of service in the City

2) the charges will deter developments in the City

3) the charges will discourage the construction of reasonably priced
jhousing or the provision of reasonably priced serviced land

The revenue from the park DCC is placed in the park reserve fund for
future acquisition. The interest is also used for improving the quality and
features of the open space system.