HomeMy WebLinkAboutBy-law 5322/98THE CORPORATION OF THE TOWN OF PICKERING
BY-LAW NO. 5 3 2 2/9 8
Being a by-law to authorize the execution of an
Agreement between the Town of Pickering and
Discovery Place Limited regarding the payment of
development charges and cash in-lieu of parkland
dedication for the Millennium at Discovery Place on
part of Lot 11, Plan 40R- 10070, Pickering.
WHEREAS Section 9(8) of the Development Charges Act, R.S.O. 1990 c. D.9 authorizes the Town
to enter into agreements for the payment of development charges on dates later than the issuing of a
building permit;
WHEREAS the proposed 253 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-ground superstructure;
WHEREAS the Town'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 Town desires to enter into an agreement with Discovery Place Limited regarding the
timing of the payment of the Town's development charges and the cash-in-lieu of parkland
dedication on the proposed Millennium at Discovery Place condominium development to be located
on part of Lot 11, Plan 40R-10070.
NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE TOWN 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 Town's Solicitor, which provides for the
deferred payment of the Town's development charges and cash-in-lieu of parkland for the
253 unit (Millennium at Discovery Place) development for a period not exceeding six
months from the date of issuance of the first building permit for the underground works.
BY-LAW read a first, second and third time and finally passed this 1 st day of June, 1998.
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Wayne Arthurs, Mayor
Bruce Taylor, Clerk