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