Nanaimo is seeking input from residents and developers on how infrastructure should be funded for new developments.
The city is reviewing its development and amenity cost charges and has launched a survey to gather feedback.
Development cost charges help pay for infrastructure such as water, roads, sewer, waste facilities and emergency services. Amenity cost charges are used to fund community spaces including recreation centres, libraries, public squares and daycare facilities.
“These charges make sure that new development pays its fair share, so existing taxpayers aren’t covering all the costs of amenities and infrastructure necessary to support new growth,” the city says in a news release. “The money collected goes into special reserves and is only used for approved projects.”
The charges are collected when a subdivision is approved for low-density housing and when building permits are issued for higher-density projects.
“Growth should benefit everyone, not burden our existing residents. By using DCCs and ACCs, we’re creating a fair and transparent system where new development contributes to the infrastructure and amenities that make Nanaimo a great place to live,” says Mayor Leonard Krog.
The city is also planning an open house on Oct. 9 from 4-7 p.m. at Beban Park Social Centre (Room 3) for anyone who wants to learn more about the charges.
