Whitchurch-Stouffville · Fees and chargeswritten

Development Charge Interest Policy

Published by Town of Whitchurch-Stouffville under Development Charges Costs

Form ref
Administrative Policy and Procedure No. AP87
Applies to
builder
Document date
October 4, 2023

Administrative Policy and Procedure No. AP87, effective October 4, 2023, sets out how the Town of Whitchurch-Stouffville charges interest on development charges under sections 26.1, 26.2 and 26.3 of the Development Charges Act, 1997 — instalment payments for rental and institutional development, and the development-charge freeze tied to a Planning Act application date. The policy states on its face that it supersedes a version dated February 7, 2022. It sets the interest rate at the maximum permitted under the Act, defaulting to 5% if that section is ever repealed.

What it covers

  • 1.0 Application
  • 2.0 Purpose
  • 3.0 Policy
  • 4.0 Transition
  • 5.0 Grace Period
  • 6.0 Publication and Notification
  • 7.0 Effective Date
  • 8.0 Responsibilities
  • 9.0 Reference
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Publisher
Town of Whitchurch-Stouffville
Category
Fees and charges
Published under
Development Charges Costs — the municipality's own heading
Instruments
Development Charges Act, 1997, ss. 26.1, 26.2, 26.3 · Planning Act, R.S.O. 1990, c. P.13
Required for
Rental housing and institutional development eligible for development-charge instalments; site-plan or zoning-amendment applications subject to a development-charge freeze
Tags
feesdevelopment-chargesinterest-policyadministrative-policy
Development Charge Interest PolicyOpen at townofws.ca

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