Urban expansion and development often leads directly to an increase in the demand for sewer, water, drainage, parks and roads.
Development cost charges (DCC's) are monies that municipalities and regional districts collect from land developers to offset that portion of the costs related to these services that are incurred as a direct result of this new development.
Cranbrook has some of the lowest DCC rates of any community in BC at $2032.00 a lot. Both Fernie and Invermere have considerably higher DCC rates which have not inhibited development. Considering the fact that taxes will be increasing, as per the City of Cranbrook 5 Year Plan, isn’t it time that we looked at raising the DCC rate and stop subsidizing the development industry. Yes, the $500,000.00 Growth Management Study is supposed to address some of these issues but due to its considerable delay will the rates be adequate given the increase in costs. DCC rates should represent a fair, equitable and stable charge which adequately remunerates the city for its expenses, encourages SmartGrowth principles, and supports well planned development.
Lets begin the discussion here.
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