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IMFG graduate student papers : Institute on Municipal Finance and Governance graduate student papers

25 Jun 2012

For example, the Canada Mortgage and Housing Corporation (CMHC) compared the cost of infrastructure provision for a traditionally built postwar development and that of a New Urbanist development and concluded that the initial costs to provide infrastructure and services to the New Urbanist development would be $5,301 less per housing unit (CMHC n.d.b). [...] Examples in Canada include: • the Province of Ontario, which passed the Places to Grow Act (2005) to support the Growth Plan for the Greater Golden Horseshoe (2006), the latter intended to direct growth in the Greater Toronto Region to 2031; • Metro Vancouver, which is in the process of adopting a new Regional Growth Strategy to direct and coordinate growth through 2040; • the Edmonton Capital Reg [...] Under the current system, fees known locally as development cost charges (DCC) are imposed under the Local Government Act, according the Province, “to assist local governments in paying the capital costs of installing certain local government services, the installation of which is directly or indirectly affected by the development of lands and/or the alteration/extension of buildings” (Province of [...] The development charge rate is established through consultation with landowners, developers, and the municipality and is required to include “a description of the specific infrastructure facilities, a description of the benefiting areas, supporting technical data and analysis, and estimated costs and mechanisms to address costs increases over time” (Province of Alberta 2004). [...] A report by IBI Group for CMHC summarizes the guiding principles in the Regulation, as requiring municipalities to: 1. “maintain full and open disclosure of all levy costs and payments; 2. share the responsibility between the municipality and the developers for the costs of providing and installing infrastructure for future and existing requirements; 3. coordinate with neighbouring municipalities
environment climate change government politics public finance climate economy smart growth insurance greenhouse gas global warming taxation emergency management best practices government policy interest weather tax private insurance sprawl government budget urban sprawl premiums derivatives growth plan for the greater golden horseshoe derivative (finance) cities and towns special assessments weather derivative weather derivatives climatic extremes

Authors

Baumeister, Mia, Burgess, Cayley

ISBN
9780772708816
Pages
60
Published in
Ottawa, Ontario

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