Development Cost Charges (DCC) and Amenity Cost Charges (ACC) Updates
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Thank you for your comments and feedback.
The City of Abbotsford is updating Development Cost Charges (DCCs), Amenity Cost Charges (ACCs) and Community Amenity Contributions (CACs).
Development Cost Charges (DCCs) 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, fire, police, solid waste facilities and new park acquisitions.
Amenity Cost Charges (ACCs) are cost charges levied on development to help pay for the costs of facilities or features that provide social, cultural, heritage, recreational, or environmental benefits to a community. ACC is a new program introduced by the Province that allows Local Governments to fund community centres, recreational facilities, libraries, daycare, and public squares, etc. from new growth.
Community Amenity Contributions (CACs) are amenity contributions made by the developer as part of a rezoning process. CACs are intended to offset the cost of providing community amenities associated with new residential development. Proposed CACs charges will only apply to affordable housing category.
Why updates are proposed:
New legislative changes to include fire, police and solid waste facilities with the DCC program
To include Highway Interchange projects with the latest DCC program
Update the project costs - significant increase in cost for growth related projects
New provincial legislation to introduce the ACC program
The City of Abbotsford is updating Development Cost Charges (DCCs), Amenity Cost Charges (ACCs) and Community Amenity Contributions (CACs).
Development Cost Charges (DCCs) 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, fire, police, solid waste facilities and new park acquisitions.
Amenity Cost Charges (ACCs) are cost charges levied on development to help pay for the costs of facilities or features that provide social, cultural, heritage, recreational, or environmental benefits to a community. ACC is a new program introduced by the Province that allows Local Governments to fund community centres, recreational facilities, libraries, daycare, and public squares, etc. from new growth.
Community Amenity Contributions (CACs) are amenity contributions made by the developer as part of a rezoning process. CACs are intended to offset the cost of providing community amenities associated with new residential development. Proposed CACs charges will only apply to affordable housing category.
Why updates are proposed:
New legislative changes to include fire, police and solid waste facilities with the DCC program
To include Highway Interchange projects with the latest DCC program
Update the project costs - significant increase in cost for growth related projects
New provincial legislation to introduce the ACC program
If you have any comments or questions, please post them here!
Thank you for your comments and feedback.
CLOSED: This discussion has concluded. Thank you for your comments and feedback.
If developers and new buyers do not contribute more to these future costs (they do not pay the full costs), then the City will require future debt funding, paid for by existing property owners. That equates to future tax increases for current residents. Also, the City does not place enough money into reserves to fund current infrastructure replacement, so more future debt funding will be required. Debt must be repaid, with interest. Plan for the future, not for tomorrow only.
Wisdom
3 months ago
This is a catch 22, the city needs more money to meet its budget but by increasing DCC’s and ACC’s will only put the price of real estate higher! The developers aren’t going to absorb the increases they are going to pass them along and it’ll be the end user / owner who pays for these including an add-on for profit.. We need to look beyond these increases for other ways to meet budgets.
kgsmith
3 months ago
DCC and ACC Rates for appartment buildings are ridiculously high considering how much space a unit takes up.
If developers and new buyers do not contribute more to these future costs (they do not pay the full costs), then the City will require future debt funding, paid for by existing property owners. That equates to future tax increases for current residents. Also, the City does not place enough money into reserves to fund current infrastructure replacement, so more future debt funding will be required. Debt must be repaid, with interest. Plan for the future, not for tomorrow only.
This is a catch 22, the city needs more money to meet its budget but by increasing DCC’s and ACC’s will only put the price of real estate higher! The developers aren’t going to absorb the increases they are going to pass them along and it’ll be the end user / owner who pays for these including an add-on for profit.. We need to look beyond these increases for other ways to meet budgets.
DCC and ACC Rates for appartment buildings are ridiculously high considering how much space a unit takes up.