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1998-082 To Amend By-law No. 1992-016, The Medonte Development Charges By-law, as amended THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE BY-LAW NO. 98-82 Being a By-law to amend By-law No. 92-16, The Medonte Development Charges By-law, as amended. e WHEREAS Section 62(3) of the new Development Charges Act (Bill 98) permits a municipality to amend a Development Charges By-law in accordance with Section 7 of The Development Charges Act (1989); AND WHEREAS the approval of the Minister of Municipal Affairs and Housing is not required for an Amendment to a Development Charges By-law that has the sole purpose of reducing the amount of the Development Charge in accordance with Section 7 of the Development Charges Act (1989) as amended by Bill 20; AND WHEREAS Council deems it appropriate to reduce the amount of the Development Charge pending the completion of a new Township-wide Development Charges Study and By-law in accordance with the provisions of the new Development Charges Act (Bill 98); NOW THEREFORE the Council of the Corporation of the Township of Oro-Medonte enacts as follows: 1. Schedule "B" to By-law 92-16 is hereby deleted and replaced with a new Schedule "B" as shown below: SCHEDULE "B" BY-LAW 92-16 DEVELOPMENT CHARGES RESIDENTIAL DEVELOPMENT . single detached dwelling units . semi-detached dwelling units . one-bedroom apartment dwelling units . two or more bedroom apartment dwelling units . all other dwelling unit types $2,960,00 per unit $2,960.00 per unit $1,286.40 per unit $1,924,00 per unit $2,664.00 per unit 2. The reduction in Development Charges shall be retroactive to June 16, 1998. READ A FIRST AND SECOND TIME this 29th day of July, 1998. READ A THIRD TIME and finally passed this 29th of July, 1998. THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE e j/ l' /,:,' fw p>',e /1<",,:' J'''''.' ,i Mayor, Ian Beard/ v "// / ,-.4~'i1t'4eL"",,",, f~C:,,_" Clerk, Lynda Aiken