Development Cost Charge Update

Effective June 10, 2008, New Development Cost Charge rates will apply in the City of Vernon. The new rates are a result of amendments to Development Cost Charges Bylaw #3769, as adopted by City Council on June 9, 2008. Key revisions are updated project costs, waiver of DCCs for non-profit rental housing and a decrease in the multi family rate to 60% of the single family rate to correct a previous charge inequity. Table 1 below details the new rate (effective June 9, 2008) and previous DCC rates for the various development rate classes in the City of Vernon.

Table 1

	Rate One Residential Per Unit	Rate Two Multi Family Per Unit	Rate Three Commercial Per SQ FT	Rate Four Industrial Per Acre
Roads	$12,913	$7,748	$3.1661	$55,470
Storm Drainage	$1,102	$661	$0.3402	$4,769
Sewer - Collection	$1,325	$795	$0.4092	$5,735
Sewer - Treatment	$1,242	$745	$0.3837	$5,378
Sewer - Disposal	$590	$354	$0.1821	$2,552
New Rates (Total)	$17,172	$10,303	$4.4813	$73,904
Old Rates (Total)	$9,951	$9,951	$3.1280	$50,686