- Form ref
- Development Charges Act, 1997
- Applies to
- owner
- Signatories
- chief financial officer
A corporate policy of the Regional Municipality of Peel, linked from Mississauga's projects subject to development charges page, setting the interest Peel applies under the Development Charges Act, 1997. It defines the DC freeze interest rate applied from a site plan or zoning by-law amendment application to the date the charge is payable, and the DC deferral interest rate applied to instalments for rental housing, institutional and non-profit housing development. Schedule A carries both rates: 5.5 per cent and zero per cent.
What it covers
- A. Purpose
- B. Scope
- C. Definitions
- D. Policy
- 1. General
- 2. Interest Rates to be Applied
- 3. Calculation of the Interest Charges and the Timing of Payment
- 4. Other Matters
- 5. Schedules
- 6. Effective Date
- E. Responsibilities
- F. References
- Schedule A – Development Charge Interest Rates
Check this against the municipality before you rely on it. DocHub collects what a municipality published; it cannot tell you what is in force today. A newer version may exist, may be titled differently, or may not be posted publicly at all.
- Publisher
- The Regional Municipality of Peel
- Category
- Fees and charges
- Published under
- Projects Subject To Development Charges — the municipality's own heading
- Agencies
- The Regional Municipality of Peel · Finance Department, Financial Policy and Development Financing
- Instruments
- Development Charges Act, 1997 · Ontario Regulation 454/19 · Ontario Regulation 82/98 · The Regional Municipality of Peel Development Charges By-law No. 46-2015 · The Region of Peel DC Interest Rate By-law 21-2020
- Publisher note
- A corporate policy of the Regional Municipality of Peel, hosted on peelregion.ca and linked from the City of Mississauga's projects subject to development charges page.
- Tags
feesdevelopment-chargespolicyinterest-rateregion-of-peel