d. Financing:

The purchase of parkland can be financed by one or a combination of
more than one of the following:

i 5% dedication upon subdivision:

ii City wide Development Cost Charge. (Note: the amount currently
charged for park is under review):

ss

ii Special Development Cost Charge for the Riverwood area:

iv Developer provides all land ag 4 pre~condition for development (see
comments on Section c, above).

VIt

In order to proceed towards facilitating the development of the Riverwood
area Council could:

a. Call for a Public Information Meeting on the Official Community Plan.

If Council follows this strategy, all residents in the City will have an
opportunity to provide opinions on the advisability to add these new
neighbourhood to the City, without the discussion being centered on the

greater or lesser benefits that any particular property could attain from the
proposed development. .

b. Call for a Public Information Meeting on the Official Community Plan
and Local Area Plan.

A Public Information meeting of this type will likely center much of the
information on private interest of individual property owners, but will still

provide sufficient opportunity for other citizens of the City to discuss
broader policy items.

Because the residents in the area have had sufficient information on the
evolution of the plan, and may feel that a Public Information Meeting to deal

only with the Official Community Plan "avoids the issues", this alternative
"b" is recommended.

c. Introduce an Official Community Plan Amendment Bylaw and call for a
Public Hearing.

As in alternative "a", the Public Hearing should center on broader policy
aspects, and should present individual interests to dominate the Public
Hearing; it has the advantage over alternative "a" that it gives notice that
Council is proceeding towards implementation of the Area Control Plan.

wvel/

®COUNCIL® [ITEM] PAGE|

lb [2b

4,