HomeMy WebLinkAbout88-162
REPEALED BY
8Y-lAW 11.2:;;.-1.9.1..
THE CORPORATION OF THE TOWN OF NEWCASTLE
BY-LAW NUMBER 88- 162
being a By-law to require proponent of commercial or industrial
development to pay the Town of Newcastle cash-in-lieu of parkland
dedication.
WHEREAS the Council of the Corporation of the Town of Newcastle deems it
necessary to require the proponent of commercial or industrial development
to contribute cash-in-lieu of parkland dedication;
WHEREAS Section 41(1) of the planning Act requires the municipality to
pass a by-law for this purpose;
NOW THEREFORE, the Council of the Corporation of the Town of Newcastle
enacts as follows:
1. proponent of commercial or industrial devleopment shall pay, by
certified cheque, to the Town of Newcastle an amount equivalent to two
percent (2%) of the land value of his total holding prior to: execution
of a Subdivision/Condominium Agreement; or passage of amending Zoning
By-law; or approval of Site Plan.
2. The value of the land shall be the market value prior to: draft
plan approval; or rezoning approval; or site plan approval, and shall be
established by an independent land appraiser to be paid for by the
proponent. The Director of Planning and Development shall have the right
to waive the requirement of an Appraisal Report if, in his opInIon, the
scale of development does not justify the expenditure of such a report.
3. This By-law shall not apply to those rezoning and/or site plan
applications involving addition or expansion to existing uses where such
addition or expansion are under 100 square metres floor space.
4. That the funds received pursuant to this By-law be directed into
the Park Reserve Account.
s. This By-law shall take effect on the date of passing hereof.
BY-LAW read a first time this 7th day of
November
1988
BY-LAW read a second time this 7th day of
November
1988
BY-LAW read a third time and finally passed this
7th
day of
November
1988.