Brownfields Development Charge Exemption Program
Brownfields Development Charge Exemption Program
Purpose
Promotes brownfield redevelopment and Smart Growth on brownfield sites by providing a major economic catalyst in the form of an upfront reduction of the often large development charges that must be paid when a brownfield property is redeveloped.
Description
While most of the potential brownfield properties in the Community Improvement Project Area are already serviced with adequate water, sewer services and roads, large scale redevelopment of brownfield sites may result in incremental increases in demand for both hard and soft services. With the recognition that the cost to provide these incremental services will be substantially lower than to provide new infrastructure and other services on greenfield sites, there is a financial rationale for a lower development charge for brownfield redevelopment.
Financial Details
A property owner with an approved application under the Brownfields Rehabilitation Grant Program has the option of applying their approved grant amount to a 60% reduction in the development charges payable for that property (after any demolition charge credits are applied). The amount of the approved grant applied against the development charges payable will be deducted from the Brownfields Rehabilitation Grant to be paid.
Additionally, for projects that achieve land use compatibility goals supported by the City's Official Plan, the inclusion of Smart Growth principles and Leadership in Energy and Environmental Design (LEED) certification into the proposed development, the cost of remediation applied against the development charges payable will not be deducted from the Brownfields Rehabilitation Grant to be paid.
Requirements
You must have an approved Brownfield Rehabilitation Grant Application to take advantage of this program.
Downloads
Brownfields Property Tax Assistance/Rehabilitation Grant Program Guide.
Brownfields Property Tax Assistance/Rehabilitation Grant Application.
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