Specified Charge definition

Specified Charge means a debt payable to the City in the maximum amount of $88,350.92, which may be revised in accordance with Section 2.4 herein, including interest at 5% compounded per annum for each hectare of land to be developed as approved by the City, in accordance with the bylaws of the City, including, but not limited to, the Development Cost Charge Bylaw and Subdivision and Development Bylaw;

Specified Charge means $85,261.88 per Net Developable Hectare for each Benefiting Parcel located within the Benefiting Area, plus interest calculated in accordance with Section 5;

Specified Charge means a debt payable to the City in the maximum amount of Fifteen Thousand, Nine Hundred Fifty-Four, decimal Seventy-Five ($15,954.75) Canadian Dollars for each hectare of land or portion thereof to be developed as approved by the City, including, but not limited to the Development Works Bylaw. "Subdivision and Development By-law" means Surrey Subdivision and Development By-law, 1986, No. 8830, enacted by the City under the Act as such By-law is amended or replaced from time to time.

Examples of Specified Charge in a sentence

• When 0000 – 000 Xxxxxx, land currently owned by the City, develops in the future, the eastern portion of the property will be serviced by separate drainage mains constructed in the future 195 Street, and therefore only the western portion of the property will benefit from the trunk mains and is included in the DWA Specified Charge for Project No. 8619-0219-00-2.

• The Front-Ending Developer may be reimbursed in the future with NCP-specific Sewer Development Cost Charges (“DCCs”) and Sewer DWA Specified Charge from development on the benefiting lands, as illustrated in Appendix “I”.

• Since these works are necessary to proceed with development, the Front-Ending Developer has offered to front-end the cost of these works, provided that it eventually receives the NCP--specific DCCs and the DWA Specified Charge the City collects from subsequent development within the benefiting areas.

• Subject to endorsement by Council, the City Clerk will bring forward for the required readings the related DWA Bylaw to give the City authority to collect the Specified Charge from the benefitting lands up to the maximum amount of $15,954.75 for each hectare.

• Certain components of these works are eligible for Sewer DCC reimbursement by the City; however, the Sewer DCC reimbursement will leave a funding shortfall in relation to the cost of the works which the Front-Ending Developer is proposing be recovered from other benefiting lands through a Sanitary DWA Specified Charge.

• Subject to endorsement by Council and execution of the DWA by the Developer, the City Clerk will bring forward for the required readings the related DWA By-law, which if adopted will act to give the City authority to collect the Specified Charge from the benefiting lands when the lands are developed.

• This change will add an estimated $175,000 of work and will increase the Specified Charge from $1,689.18/unit to $2,871.62/unit.

• Certain components of these works are eligible for Drainage DCC reimbursement by the City; however, the DCC reimbursements will leave a funding shortfall in relation to the cost of the works, which the Developer is proposing be recovered from other benefiting lands through a Drainage DWA Specified Charge.

• The DWA Specified Charge will be collected from the developers/owners of the benefiting lands, applicable to each project, at the time of an application for development or connection.

• Subject to approval by Council and execution of the DWA by the Front-Ending Developer, the City Clerk will bring forward for the required readings the related DWA Bylaw, which if adopted will act to give the City authority to collect the Specified Charge from the benefiting lands when such lands are developed.

More Definitions of Specified Charge

Specified Charge means $18,900 per hectare, being the Actual Capital Cost of the Works

Specified Charge means a debt payable to the City in the maximum amount of

Specified Charge means a debt payable to the City in the maximum amount of $2,467.04 for each new dwelling unit to be created by subdivision as approved by the City, in accordance with the by laws of the City, including, but not limited to, the Development Cost Charge By law and Subdivision and Development By law. "Subdivision and Development By law" means Surrey Subdivision and Development By law, 1986, No. 8830, enacted by the City under the Act as such By law is amended or replaced from time to time.

Specified Charge means $228,301.30 per Net Developable Hectare for each Benefiting Parcel located within the Benefiting Area, plus interest calculated in accordance with Section 5;