A public meeting on a proposed increase to development charges will be held next month.
Council has received a recommendation to double development charges for the commercial and industrial sectors and institute a 66-percent increase to residential fees. That proposal will be up for public debate at 7 p.m. on April 2 at the municipal office in Cannington.
In a presentation in mid February, Craig Binning of Hemson Consulting explained the increase would see the rate jump more than $7,000 for a new single-detached home, while the non-residential rate is applied based on square footage. That is in addition to any development charges imposed by the Region.
Binning told local politicians that the study was conducted in collaboration with Township staff and the rate was “informed” by the municipality’s capital program for the next decade, stretching from 2019 to 2028.
The study includes $3 million for renovations to the Sunderland Memorial Arena, $1.5 million for a new works yard, $1.4 million for park improvements, $1.3 million for new fire department vehicles, $275,000 for a new tandem truck and $250,000 for the Cannington Curling Club.
But future roadwork is putting the “biggest upwards pressure” on the rates moving forward, Binning said.
Of the $19 million worth of work that is slated to be completed over the coming years, more than $8 million will be funded through development charges.
Despite the significant increase proposed, the Township would only rank in the middle of the pack in terms of other municipalities in the area.
For more information on the meeting, click HERE.