The Development Charges Act, 1997 enables a Municipality to pass by-laws for the imposition of development charges against development based on current programs and future capital needs. All land within the Township of Mulmur is affected by development charges except land owned by and used for the purposes of a board of education, municipality or local board.
Purpose of Development Charges
The purpose of a Development Charge is to recover costs incurred as a result of new development by providing a mechanism for collecting funds for growth related capital costs or improvements.
By passing a by-law under the Development Charges Act, the Township may impose a Development Charge for new or expanding development. Such a charge ensures that funds are available so that existing development does not experience a decreased level of service and that new development pays for the capital expenditures for which it is responsible.