Policy No. 117 Financial Management – Development Finance

Published by Town of Milton

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This is the Town of Milton’s document, as published on its website on 23 October 2026. The municipality may have changed it since: check the current version at the source. Legal notice

Type: Guide
Published by: Town of Milton
Date: Approval Date: May 11, 2026
Also called: Town’s Financial Policy
For: builder
Building types: All building types
Pages: 15
Instruments: Policy No. 117 · ES-026-26 · Development Charges Act, 1997 · Planning Act

Overview

The Town of Milton's Policy No. 117, Financial Management – Development Finance, a 15-page policy approved May 11, 2026 under report ES-026-26 and effective May 12, 2026. It frames the Town's financial agreements for growth, covering development charge administration and deferral agreements, rental and affordable housing agreements, application of interest, community benefits charges, financial securities and letters of credit, donated assets, insurance, user fees, roles and reporting. The development charge pamphlet and FAQ cite its sections.

What it covers

Policy Purpose
Guiding Principles & Objectives
Scope
Development Charges
Administration of Development Charges
Deferral Agreements – Non-Residential (Non-Retail) Development Charges
Agreement - Rental Housing Developments
Agreement – Affordable Housing
Application of Interest
Community Benefits Charges
Provision of Financial Securities
Donated Assets
Insurance and Indemnification Requirements
User Fees
Roles and Responsibilities
Policy Management
Reporting

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Policy No. 117 Financial Management – Development Finance

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