2020 Development Charges Background Study Municipality of South Huron ________________________ For Public Circulation and Comment Watson & Associates Economists Ltd. 905-272-3600 January 14, 2020
[email protected] Table of Contents Page 1. Introduction ...................................................................................................... 1-1 1.1 Purpose of this Document ....................................................................... 1-1 1.2 Summary of the Process ......................................................................... 1-2 1.3 More Homes, More Choice Act – An Act to amend Various Statutes with Respect to Housing, Other Development, and Various Matters ...... 1-3 2. Current Municipality of South Huron D.C. Policy ......................................... 2-1 2.1 By-law Enactment ................................................................................... 2-1 2.2 Services Covered ................................................................................... 2-1 2.3 Timing of D.C. Calculation and Payment ................................................ 2-1 2.4 Indexing .................................................................................................. 2-1 2.5 Redevelopment Credits .......................................................................... 2-2 2.6 Exemptions ............................................................................................. 2-2 3. Anticipated Development in the Municipality of South Huron .................... 3-1 3.1 Requirement