Development charges assist in financing capital projects required to meet the increased need for services resulting from growth and development. Development charge funds may only be used for the purpose for which they are collected.
The Development Charges Act, 1997 and Ontario Regulation 82/98 require that, prior to the passing of a by-law, a development charges background study be undertaken, with reference to:
- the forecasted amount, type and location of future development
- the average service levels provided in the Town over the 10-year period immediately preceding the preparation of the background study
- capital cost calculations for each of eligible development charge service
- an examination of the long term capital and operating costs for the infrastructure required to service the forecasted development
Watson & Associates Economists Ltd. prepared two Development Charges Background Studies for the Town. These studies served as the basis for the development charge rates approved by Bradford West Gwillimbury Council on December 15, 2009 through By-law 2009-134 that came into effect on December 16, 2009; and on March 5, 2013 through By-law 2013-29 that came into effect on March 6, 2013.