New rates for development charges in the City of Mississauga were approved by Council today. The old rates will continue to be in effect for building permit applications received by July 15, 2014 and issued by November 11, 2014.
Mississauga City Council approved Development Charges By-law 0161-2014 following a detailed study of the City’s funding needs and consultations with key stakeholders in the building and development industry.
Development charges are fees used by the City to pay for things like new transit buses, libraries, public works facilities, road construction and the City’s recreational facilities that are needed when the population grows. The new rates were established after a year-long study of the City’s programs and services and how they’ll need to expand as more people move to Mississauga. The City’s population is expected to increase from about 752,000 now to about 829,000 by 2031.
The City’s new by-law also contains changes to policies and definitions including the size of small units, and the life span of demolition credits.
For complete details on the new rates and policy changes visit: www.mississauga.ca/portal/residents/developmentcharges
For presentations and more information about the City’s development charges consultations, visit www.mississauga.ca/portal/cityhall/developmentcharges