DEVELOPMENT CHARGES DEFERRAL AGREEMENT PURPOSE BUILT RENTALDevelopment Charges Deferral Agreement • November 22nd, 2024 • Ontario
Contract Type FiledNovember 22nd, 2024 JurisdictionWHEREAS the Development Charges Act, 1997, S.O.1997, Chapter 27, as amended (the “Act”) authorizes municipalities to pass a by-law for the imposition of development charges against land to pay for increased capital costs required because of increased needs for services arising from development of the area to which the by-law applies;