The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

wmmm'mhlylsjolfwfi ‘ city reduces arkland fees \ l ' BYIAMBIACKSON since the city's uptown However. that build-out : 4 m y , irvjfirgqu’lvfiafl 7 A development charge exemp- may not occur without ‘ ‘ tion was lifted sixyearsago. incentives, Under a "do _ i“-”“ 4; “5 ust weeks after denying Monday's decision comes nothing" scenario. only 261 , ,' _: it ' S ‘ a staff request to offer after council voted on lune new apartment units could ' _ / ’ ~ development charge 15 not to exempt developers be built. generating about $2 7 _ ’s”*,‘o “ l I , f ‘ G’“ ! exemptions in the uptown from development charges, million in parkland fees Ll l i .â€" g \ - y l! | core. council unanimously which are paid to the city to under the old pricing stmc- 1 b i , ‘ endorsed a plan to reduce help fund infrastructure ture. l y , l f f g y » I , t ‘ i y A . ‘ Lid ‘ parkland dedication fees such as roads and sewers The city can also expect V'“*‘"‘““‘““""‘ . ‘ "4 “““‘“’““‘ u U and give developers a bit of needed by new develop to forego between $1,500 v a break in the cost of doing merit. and moms in commercial COMFORT PLUS OFFERS YOU SOME - business in Waterloo ,, parkland dedication fees by in new housing mm. Development and aim. moo per GREAT WAYS TO SAVE!!! ‘ projects in the uptown core charges was year in industrial parkland _ will see parkland dedication fees under the plan . ”I '\ ’ 1 fees cut by 33 per cent. all a machete, approved Monday. ' l t " T new commercial builds will park "d 85 The rapid increase in . 1. K A ‘ ll have their parkland fees ( . la fe ,,) land value in uptown Water- waived in the core entirely 15 a scalpel. loo over the past four years and all new industrial devel- -Coun.BobM-vin has increased the cost of ‘ opments across the entire on mmmgmrkmndfm‘ butlding in the core, as land city will also have their park- ' has increased from $3 mil- _fl_ 7 Y“ , i land dedication fees waived. Fhey made that decision lion per acre to $5 million ""‘ " ‘ t u - q ‘ The plan could cost the despite warnings from per acre. atrend expected to i . i i Li L, ’ ‘ City millions in lost revenue developers that the high cost continue once light rail tran- L l. . i a y - by the time it wraps up and of doing business in Water- sit is completed. 3 is reviewed in 2019, but staff loo was driving them to Staff also proposed plac- also feel it could help jump- Kitchener and Cambridge. ing a cap on the maximum 3 _ start a stagnating building which both offer develop- parkland rate at IS per cent t s(’( tor in and around the (it) merit charge exemptions ofthe total land value to give l t't)l’l‘ that are matched by the developers even more cer- 44k. ’ " ‘lt W1” help some people RegionofWaterltm tairtty of what they can v i , mow forward Wlih some In 20“! the (My evtahâ€" eitpect to pay. Currently. ! ‘- If“ '-»:~ ‘ promo] said R» an Moon lished a parkland dedication some developments are pay- _ m "" t“ 0;- q I ‘ q 1335 sci. manager of expansion fee equal to the value of 0, IS trig upwards of25 per cent of ' , g’zégl. “ it! Try; and retention st-rntvs in the hectares it“? acres) of land the total land value in park- { ‘L m ;,‘"?f.';. 3:31: tll\ s (‘t ononiii (lt'\¢'ltip per ”100 units ofa proposed land fees, ‘" a.“ 35.42? ,’ Sty ~. ! \ rrit'rit department (lt'N‘ltipHit‘nl or approxi- (loun. Bob Mavin. who to _ 2 j. _ " . ~ I»?! , 5“, Parkland lees are tllll\‘(l limit-h Views per unit. voted against the develop‘ 1 i ' .. . up “1; “ ‘ “fig e ’5‘~' ml hi the t in for infill dew-l tit-pending on the emit ment charge exemption and â€" fix 4~ ~ 3 we f, “. “v ix -.-~..4 so; v E ._- . t .- w.“ \_-.?1“,'§o\~ . t. - tipillt'lll\ where the develop mine of land and the num~ also spoke otit against Tax " ' ”1 s i " ' ' 4 " y! m t annot prlnltlt' the t ll\ her of units being built The Increment Grants for develâ€" a 4,3 2st 1,23“; i-fl- : With enough parkland spot I' previous rate was about open last year! said he voted “ , ' on “left“ eff % > V : ‘ 35." i to wit t' l’l'\l(ll'ttl\ of that $410 per unit in favour of the parkland fee “a,“ models y; H 1' -j'*._:< ft“? ..;‘,_ . (ltwt'ltiplitt'nl llH' titi Niall estimate. based on reduction because it was " y I F ' " ”If“ A” (llillg('\ (ll‘\t'|ti;)t'l\ .i lllt'tl the likeli build ottt oi llit‘ more prt-tise than a blanket . - I , dollar amount hast-d oti the uptown tore there is the ext-niption MW“| tli-tisiti and land killlN' as polt‘llllill for l.’i"iil tit-ii “Development (harges /_____â€"-â€"â€"â€" ‘ ttl\ll iii lit-u ol p-lrklilllll apartment units by JUN was a mat hett'. lptirkland __,___-â€"â€"â€"' ! lit-tvloprrit-nt tilll‘ull\ hm llndrr the new prit trig let-st is it sitilpt-lf he said. if» “MU“; Pt d” R“ f VJ‘N . I v. w- , m t llt‘tll‘lst‘tl to, pt-r tt-iit for sillllllltt' tttotildgt-iit-mtt- adding lti- oltt-n thought \\ ”HUN“ “I“ i- L, H., 1 non ll xlllt'll‘t llli den-lop in million in parkland l't*\ parkland lees were Midpplll- " i“! ‘_ A" 2:4 ‘ nit-tit Alllll t‘i pm tt'lIl lot more toiiip,irt>d to SI! riiil printi- t-spt-t itill\ iii the . g" by”. ”V. l L. ‘ lt'sllll'lllldl llt‘\t’lii!tllit'lll lllilllllltlt’llllt‘lllffl‘lllfillt‘ llpltlnlltlll’l' 519-89‘;'81 18 Jul, ‘ ' ‘ i t ’ ' vi ' ~ - - - i ‘N e re mo ng ! Waterloo VlSlon Care Clinic j We are addin more - t . . g . Drs. Newman, Donelson 8: Bright 1 itdi altll't‘d diagnostic equtpment to , . t e I - unide- thc we best in e care. We__, 1 ‘g i p ry cy l Excellence in eye care since 1081 t f; 3“ ' ‘ 1 There is ' and the 1 , - c m . w terloo ‘ ' 4 'm 3 office is wheelchair accessible. I 430 mm“ ' ; ,’ ' it? ' t" ‘ l m 519.8854” mutterioovisiommcmn 1 l . i ()ur frame selection will be much ‘ eâ€"n mmim~.m 1 larger and we will have an expanded .(-,,mpn!hm\|\,l n, "m! . l‘Nlinlnt’ w.- can ' ‘ i l i - Treatment til ocular div-aw .t tint-rt Irma; i l . . . . . - 3-l - ‘ll omit ti it - he tingm "01111 I I(’S(|\( \('l| l’(ll(| ' ‘Awrtwrn-io no tp p. 1