Recalibration of CAC Targets

Summary

• Staff presented updated CAC target rates, with external consultants recommending maintaining eight rates and increasing five.
• Rates to take effect September 30, 2023; exemption for routine lower-density secured market rental rezonings effective immediately.
• Council also received for information a plan for establishing city-wide CAC targets for low- and mid-rise residential development.
• CACs are developer contributions made when land is rezoned for greater density or changed uses, helping fund public amenities without increasing property taxes.

Vote

Documents

• Report – Recalibration of Community Amenity Contribution Targets