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Regional councillors may amend DC indexing Iaw By Tim Foran CANADIAN CHAMPION STAFF After a fractious seven- hour debate, une 86-year oîd Oakville Councillor Fred j Oliver descrihed as ,"the most interesiing" hes seen in his 23 years in Regional ehambers, Halton council unanimousby agreed Wednesday tu a measure to support a struggling devel- opment industry hut with nu impact t0 property taxpay- ers. The approved resolution directs staff to investigate hy June an amendment to the Region's development charges (D--C) hvla\, that gises cioclicil tîi t io 110 oI alîosv for quarteily - as opposed to annual - index- ing of DCs. lndexing, a common por- tion of municipal DC hy- laws, allows for the munici- pality to raise DC rates hy the amount o9f inoflaticon as repcorted in the construction prîce index hy Statisties Canada. The index, which kicked in yesterday. is hased on 2008 figures and increas- es development charges hy 9.1I per cent, sotooething the industry says is unrealistie i current conditions. However, though the ndustry will pay rates foi the next îhree moonths thaî niight 0(91 truly relcit cur- rent constructicon prices, a quarterly index staring in June wcould allcow the raies to he acjusted 1(0 a more receni and accurate figure, saicl Oakville Mayor Roh Burton, who crafted the mooticmn along wiîh Burlîngicon Councilcor John Taylor. Burton aclded mcore sîg- nifieant assistance to the developmeni inclustrv 1'. inchtîcecl ni ihe secondc ore endorsecl hs ccoucîcil. I lia calîs for Regional staff to c re- aie an cipdaîecl infrastrucîture finaîocîng plan that cooclcI ellînînate the necessity for cîrreni resîdential des elop) ers 1(0 pros ice înterest-irce boans t(0 f alicto Regioro. Io 19c paicl hy futcure clvloes l the fcnin of an up-Iront casho flos charge îoîallîîog ahouct $12,000 per new home, acc oiding to l3urlingion Counicillor john Taylor. i hose charges arc requirecl in the Region's .ur- rent infrastructure linanicing plan approved hy c ounc il lasi flu when staff IcIt the cash assistance was ncdccd tu cuver $2.5 hillion 11n necc essary capital pr(0)cct 15 acc olmoclate grui th to 2021, mcîch of1 whichi wsoulcl have had io hc c ompletel în the nexi live years. [lowever, since that plan \vas passeci, the economnic recesscon has resultecl ni a slîow clcoown i building ni llilion. ancd as of lanuarv only ahoct hall cfl the cee opers expectecl 1( re(lcîci osltarc calîc llu aîu III 1110 t lî \i h ' l SCOc1ýi aiicl satci 110 to iheir lancd, has vc iill ,îskecl foi tieiî broi tlic Region. [rhurboore, tl oý hIe the Uip bruni c biarge. svooclclio ic he cec il infra- stutudre groostlo culcl almo slovo clowsn, 'aicd Rc'giîîonl staîf \bile coudic il (ac liot harrnonlous agreenociot kit osee TAXPAYERS on page 10 ~I$>LflIa ITS MORE FUN UNDER TH-E SUN! 100 MINUTES ALL BEDI I MONTH FRE.E EXTENDED HOURS "o0 BUTY 2 NONINS UNLINITED RECEIVE 1 MONIN FREE 3 TANS FOR NEW CLIENTS ONLYt 73 1; 'i ~ 0(0er expieApf 30 2009 43 ai St Esu~ à1tO 90-6-62WWéA-7 so ut h VIew Dr. David Johnson Dr. Loukas Papas Providing Dental Care in Milton since 1993 New Patients Welcome 905-876-4701 www.southviewdeltal-corn AUTO BODY - - (ROYAL ATLANTIC> INC. V V Camp/dte colliin repair andw refnst services '~~I & Affordable private golf just ~\ minutes from Milton, k OoîciUe &Missigsaugo. I ~ntited niîsnhr'r US i.t~ www.tlorgolf.cm 6W 905-878-2303 e4ce ù ~td~ ~~~i04\ 'Iz j È ý