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4 - WM t ELMHLNIIONICLI: - Wednesday, May :0. was Region looks to soften blow .2111] 2 I of new development charges . ' (I I 2 [3ma MALDONAu) would not be Cllllt‘l ting the structure it we don't have the ‘ i ' W ffllfyjfi Val] W maximum amount of develtiptnetité’“heasked. charges, said (abut Barrett. (anibtidge tnayoL Doug e Region ofWaterltx) is director of financial senices (,raig. t otit'urred with staff's exploring options to help and development financing assessment that de\ elopers mitigate the impact of the for the region. are looking for more than PR E ENTATI N ENTR E upmming development diarges Other options include inst cheap taxes , most of the talent .. reducing or delaying the time. The revised bylaw could region‘s capital program or “low development see charges for residential going itito debt to pay tor charges might be on the but development skyrocket by 89 some of the growth lite cost torn (of potential developer per cent and fees for non- of that debt would be recov~ s‘l list tjofprioritiest , V iii relr residential units go up by 127 ered in the next developr atively good times, But given per cent. nient charge bylaw. the current economic sillld' Those rates would be the But arty mitigation of the tion. developers iii (.ilttlr maximum that the region Increases by the region bridge are telling me they're ' could charge. Development would mean those costs going to have downsize or " “ charges help fund growth in would be transferred to the shut down development," he ‘ the region paying for projects taxpayers. said. - _ ‘ ’ such as roads. sewers and “These expenses have to ’[he new bylaw will also . i M other infrastructure. paid for. they're not free," address issues such as fee - ‘ ~ . * . t __ After consulting with the said regional (bun. 'l'om (ial- exemptions in the region's . ' ' L public. finance staff have loway at the administration downtown cores and brown ‘ " ., g ‘ A" come up with a number of and finance committee field exemptions. _ u I n 7‘ ways the region could imple- meeting last week. I he region will h old a - 1' we ., merit a smaller increase in (Ioun. Sean Strickland public meeting on May 20 to ~ ~ ‘ the development charges or believes the region should do hear feedback on the new ~ delay the maximum what it can to lessen the bylaws: ' ‘ _ l increase. impact of the increase to Under provincial legislar One option could be remain competitive for non, the bylaw has to be It] ‘ \1 l , phasing in the increases over potential development. place by the end of July for ~ ‘l < 3 , l a number of years, although “What's the point of using the municipality to keep col- ‘ » ; 3.14;; _: is?" that would mean the region (the bylaw) to build the infra lecting fees c 1 J ‘fWFggi‘6- i a _ ‘l “1 ‘ '~ t: r, ,1 V , r ‘ ' it “3:1: 2’ T E L U S l v. » . ' t t (f; *5“ t ‘ wt 1 t ~ f.",..‘~'-,;. . ;-' . . K t“ 7 1 L fir; :, ""1 i - - :1“.L,_.\ b i t 2009 7 » , y l . ' “*m‘w'" humid "W‘nâ€"â€" m ”~WM7WEWVWWA ‘ lâ€".-t - , i , , , .' . . c r ‘ , I lTL‘L" , t if. « â€" __ ..â€",1_ ,. .. a E t» t , .t a a ‘ l . l . - 4’ thug. ~f~â€"- I! g i A - 3 's l ~ ‘ y - - ' ' ' - « I i ‘ ~ ~ ’ ' ~'â€" ' W t l . . it i _ , a er 00 7 7. _ May 31,2009 I Laurel Creek 1 \Hlll' .\(l(li't'.sxs ‘ \Hlll’ l llt'.\l \ lt‘ Contact info phone: (519) 745-2426 or i ' ' ‘ , ‘ - r ‘ email: waterloo@Jdrf.ca l V ‘ . ' . Juvenile Diabetes Research Foundation ' 3‘ ‘ "‘ , - --‘ 684 BelmontAve. Si, Unit 103 Kitchener. ON N2M 1N6 â€" 519'W'8144 {nun â€"â€"â€"o,m,,, a 2 mmnmmmummmmom.m e ‘9 ”an... W’z’rr ”If! away ‘ This space generously donated by L | l WWW 144PARK CA JDRF t I I l l l . V