Staff review development and building permit applications to determine if a specific development application is subject to the requirements of the Parkland Dedication Bylaw. If the application triggers the bylaw, and there is no history of prior payment, land conveyance, or applicable exemptions, the City notifies the applicant that their development is subject to the bylaw and must dedicate parkland or pay cash in lieu, this is based on the following:
Low density residence is charged five per cent of the land value.
High-density residence is charged an alternative rate based on whether they are giving land to be used for parks, or cash-in-lieu of land.
For land, 1 hectare of land is given for every 300 units or every 500 units for downtown.
For cash in lieu, developers pay the equivalent of 1 hectare of land value for every 500 units.
Commercial or industrial is charged two per cent of the land value
For each residential development, both the 5 per cent typically used for low density and the alternate rate typically used for high density are calculated. The City will charge the higher of the two calculations for Parkland Dedication.