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HomeMy WebLinkAboutBy-law 6106/03THE CORPORATION OF THE CITY OF PICKERING BY-LAW NO. 6106!11~ Being a by-law to authorize the execution of an Agreement between the City of Pickering and Discovery Place Limited regarding the payment of development charges and cash in- lieu of parkland dedication for the McLevin at Discovery Place on part of Lot 21, Concession 1, Pickering, designated as Part 2, Plan 40R-19316. WHEREAS Section 27 of the Development Charges Act, 1997, S.O. 1997, c.27 and amendments thereto authorizes the City to enter into agreements for the payment of development charges on dates later than the issuing of a building permit; WHEREAS the proposed 220 unit high-rise residential development will be constructed through the issuance of staged building permits, the first permit being a conditional building permit for the underground works and the second permit will be issued for the above-g rou nd su perstructu re; WHEREAS the City's existing practice requires all development charges and cash-in- lieu of parkland dedication to be paid prior to the issuance of the first building permit issued for the development; WHEREAS the City desires to enter into an agreement with Discovery Place Limited regarding the timing of the payment of the City's development charges and the cash-in- lieu of parkland dedication on the proposed McLevin at Discovery Place condominium development to be located on 1200 The Esplanade North. NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE CITY OF PICKERING HEREBY ENACTS AS FOLLOWS: The Mayor and Clerk are hereby authorized to execute an Agreement with Discovery Place Limited, prepared in a form acceptable to the Solicitor for the City, which provides for the deferred payment of the City's development charges and cash-in-lieu of parkland for the 220 units (McLevin at Discovery Place) development until the above ground building permit is issued or six months from the issuance of the below ground building permit, whichever occurs first. BY-LAW read a first, second and third time and finally passed this 3rdh day of March, 2003. Wayn~r ,/: Bruce Taylor, Olerk