Refer – Fixed-Rate CACs Motion

Summary

• Referred to Policy and Strategic Priorities: Establishing Fixed-Rate Community Amenity Contributions (CACs) for Low-Rise and Medium-Rise Projects City-Wide
  • Moved by Councillor Kirby-Yung; proposes replacing negotiated CAC process with fixed rates for low- and medium-rise projects.
  • Rationale: current negotiated process is lengthy and creates cost/risk uncertainty for housing providers; fixed rates have proven to streamline project delivery.
  • Staff were already reviewing CAC targets in fall 2022; any changes were expected for Council consideration in early-to-mid 2023.
  • Directed staff to report back by end of Q1 2023 with an implementation plan.
  • Referred to Standing Committee on Policy and Strategic Priorities (December 7, 2022) for speakers and debate.

Vote

Documents

• Motion – Establishing Fixed-Rate Community Amenity Contributions (CACs) for Low-Rise and Medium-Rise Projects City-Wide