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HomeMy WebLinkAboutFSD-011-24Staff Report If this information is required in an alternate accessible format, please contact the Accessibility Coordinator at 905-623-3379 ext. 2131. Report To: General Government Committee Date of Meeting: March 4, 2024 Report Number: FSD-011-24 Submitted By: Reviewed By: Authored By: File Number: Report Subject: Trevor Pinn, Deputy CAO/Treasurer, Finance and Technology Mary-Anne Dempster, CAO By-law Number: Michelle Pick, Accounting Services Manager/Deputy Treasurer Resolution#: GG-054-24 2023 Annual Statement of Cash-in-Lieu of Parkland Recommendation: 1.That Report FSD-011-24, and any related delegations or communication items, be received for information. Municipality of Clarington Page 2 Report FSD-011-24 Report Overview This report complies with amendments to the Planning Act, 1990 which became effective in 2016. The Smart Growth for Our Communities Act, 2015 requires reporting on Section 37 (Increased Density) and Section 42 (Conveyance of land for park purposes). On Jun e 6, 2019, the More Homes, More Choice Act, 2019 received Royal Assent. This Act contained changes to the Development Charges Act and the Planning Act and included the introduction of the new community benefits charge. In November 2022, the Ontario Government passed the More Homes Built Faster Act, 2022 to increase housing supply and provide attainable housing with significant impacts on Parkland. This report discloses the annual activity in the Cash-in-Lieu of Parkland Reserve Fund for 2023. There is nothing to report for increased density funds or a community benefits charge, at this time. 1. Background 1.1 In accordance with Section 37 (Increased Density) and Section 42 (Cash-in-Lieu of Parkland) of the Planning Act, the Treasurer must provide a financial statement including opening and closing balances to Council relating to cash -in-lieu of parkland monies and increased density funding. This statement must be made available to the public. 2. Section 42 - Conveyance of land for park purposes 2.1 Under Section 42 of the Planning Act, a municipality may require, as a condition of development, that land be conveyed to the municipality for park or other public recreational purposes. In certain circumstances, Council may require a payment in lieu of land dedication, to the value of the land otherwise required to be conveyed . 2.2 These funds must be held in a special account (Reserve Fund), allocated interest and spent only for the acquisition of land to be used for park or other recreational purposes, including the erection, improvement or repair of buildings and the acquisition of machinery, particular to park purposes. 2.3 Attachment #1 details the Statement of the Treasurer, in compliance with the Act and provides the expected future commitments for the reserve fund. 3. Section 37 – Increased Density 3.1 Clarington does not currently have a program set up for Section 37 Community Benefits; therefore, an annual statement is not required. The current Official Plan includes Community Benefits policies (Section 23.14 of the OP). Staff will evaluate Municipality of Clarington Page 3 Report FSD-011-24 these policies as part of the next Official Plan review against recent changes to the Planning Act and as part of the 2024 review of the Development Charges Study. 4. Impact of More Homes Built Faster Act, 2022 on Parkland Dedication 4.1 Highlights of the impacts of the More Homes Built Faster Act, 2022 on parkland dedication are outlined below:  Reduction of alternative parkland dedication rates by half (from 1 ha per 300 dwelling units to 1 ha per 600 dwelling units where parkland is conveyed or from 1 ha per 500 dwelling units to 1 per 1000 dwelling units for cash -in-lieu contributions) and introduction of a maximum parkland/cash-in-lieu cap for residential development.  Parkland dedication rates frozen as of the date a zoning by-law or site plan application is filed and maintains the freeze for up to two years following approval.  Allows landowners to identify the land they intend to provide for parkland, including allowing for encumbered parkland/strata parks, and privately owned publicly accessible parks, and introduces a new avenue of appeal to the Ontario Land Tribunal if there is a disagreement about the parkland being provided.  Reduction or exemption of parkland dedication requirements for affordable housing, attainable housing, and housing developed through an inclusionary zoning program. 5. Financial Considerations Not Applicable. 6. Strategic Plan Though not directly related to the specific priorities or actions set out in the Clarington Strategic Plan 2024-27, the recommendations in this report contribute more broadly to the following expected results: Finances and operations are efficiently and responsibly managed. 7. Concurrence Not Applicable. Municipality of Clarington Page 4 Report FSD-011-24 8. Conclusion It is respectfully recommended that this report, as required by Section 42 of the Planning Act, 1990 be received for information and be made available to the public by posting on the Municipality’s website. Staff Contact: Michelle Pick, Accounting Services Manager/Deputy Treasurer, 905-623-3379 ext. 2605 or mpick@clarington.net . Attachments: Attachment 1 – Cash-In-Lieu of Parkland Reserve Fund as at December 31, 2023 Interested Parties: There are no interested parties to be notified of Council's decision. Attachment 1 to Report FSD-011-24 Municipality of Clarington Cash-in-lieu of Parkland Reserve Fund For the Year Ended December 31, 2023 Balance as of December 31, 2022 6,874,492 Plus: 2023 Cash-in-lieu Collected 1,219,155 2023 Reserve Fund Interest 155,530 2023 Amount Transferred from Capital Fund – Land Acquisition - Less: 2023 Amount Transferred to Capital Fund – Land Acquisition Costs - Refund of Residential Parkland Fees 76,000 Closing Balance as of December 31, 2023 8,173,177 Committed Amounts 4,903,900 Available Balance as at December 31, 2023 3,269,277 Municipality of Clarington Cash-in-lieu of Parkland Reserve Fund – Committed Amounts For the Year Ended December 31, 2023 Project Description Period Amount Committed Ward 3 – Park development/acquisition – East Bowmanville 2025-2030 4,903,900 Total Commitments 4,903,900