MarkhamFees & ChargesDevelopment Charge Studies & Policies
Development Charges and Community Benefits Charge December 31, 2023 Reserve Balances and Annual Activity of the Accounts
Published by City of Markham
This is the City of Markham’s document, as published on its website on 18 October 2026. The municipality may have changed it since: check the current version at the source. Legal notice
- Type
- Fees
- Published by
- City of Markham
- Date
- June 11th, 2024
- For
- any
- Building types
- All building types
- Pages
- 14
- Instruments
- Development Charges Act, 1997 · Planning Act
Overview
A City of Markham staff report to General Committee, meeting date June 11, 2024, giving the annual financial statement for 2023 under section 43(1) of the Development Charges Act, 1997 and section 37(48) of the Planning Act. It reports a development charge reserve closing balance of $118,872,408 before $111,488,722 in capital commitments, $47,206,064 in charges received, a Community Benefits Charge reserve of negative $102,603, and the impact of Bill 23 and Bill 185, with schedules A to F of balances, transfers, investments and credits.
What it covers
- Recommendation
- Purpose
- Background
- Financial Considerations
- Development Charge - Summary of Activity
- Interest
- Development Charge Credits and Reimbursements
- Development Charges Committed to Approved Projects
- Indexing
- Community Benefits Charge
- Impact of the More Homes Built Faster Act, 2022 (Bill 23)
- The Cutting Red Tape to Build More Homes Act, 2024 (Bill 185)
- Compliance with the Development Charges Act, 1997
- Schedule A – Summary Statement - Balances by Component of the Reserve Fund
- Schedule B – Continuity Statement - Funds Received and Dispersed by Category
- Schedule C – Capital Fund Transfers Addendum
- Schedule D – Summary of Investments - Reg. 74/97 Section 8 of the Municipal Act
- Schedule E – Credit Obligation Summary
- Schedule F – Statement of Change in Year-end Balances
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