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Development Cost Charges (DCC’s) are fees set by the City to recover the financial costs of development. DCC’s are paid by developers and builders back to the City of Abbotsford at the Building Permit or Subdivision stage. DCC’s recovered from developers are used to pay for growth related large, off-site infrastructure projects such as water supply & treatment, sewage collection & treatment, drainage facilities, major road upgrades and new park acquisitions and improvements.
BACKGROUND: DCC rates are established in the Development Cost Charge Bylaw as approved by City Council. A key priority in Council’s 2019-2022 Strategic Plan is to update this bylaw by early 2020. The DCC bylaw was last updated in 2010. During this DCC Bylaw update, Council will review the DCC's to ensure they are in line with the current costs of development and construction. This review will enable the City to implement the recommendations outlined in the 2016 Official Community Plan and Master Plans for Water, Sewer, Drainage, Transportation and Parks.
Development Cost Charges (DCC’s) are fees set by the City to recover the financial costs of development. DCC’s are paid by developers and builders back to the City of Abbotsford at the Building Permit or Subdivision stage. DCC’s recovered from developers are used to pay for growth related large, off-site infrastructure projects such as water supply & treatment, sewage collection & treatment, drainage facilities, major road upgrades and new park acquisitions and improvements.
BACKGROUND: DCC rates are established in the Development Cost Charge Bylaw as approved by City Council. A key priority in Council’s 2019-2022 Strategic Plan is to update this bylaw by early 2020. The DCC bylaw was last updated in 2010. During this DCC Bylaw update, Council will review the DCC's to ensure they are in line with the current costs of development and construction. This review will enable the City to implement the recommendations outlined in the 2016 Official Community Plan and Master Plans for Water, Sewer, Drainage, Transportation and Parks.
Share I agree there needs to be cost coverage.
Be careful though. We want to encourage investments so you have to be reasonable from a investors point of view as well. on FacebookShare I agree there needs to be cost coverage.
Be careful though. We want to encourage investments so you have to be reasonable from a investors point of view as well. on TwitterShare I agree there needs to be cost coverage.
Be careful though. We want to encourage investments so you have to be reasonable from a investors point of view as well. on LinkedinEmail I agree there needs to be cost coverage.
Be careful though. We want to encourage investments so you have to be reasonable from a investors point of view as well. link
I agree there needs to be cost coverage.
Be careful though. We want to encourage investments so you have to be reasonable from a investors point of view as well.
rfaber55
asked
about 5 years ago
Development Cost Charges are reviewed extensivley by staff and City Council. Input is also received from stakeholders such as the Urban Development Institute, Council's Development Advisory Committee which includes developers, engineers and biologists.