Monday, June 16, 2008

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

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