Statement
Establish a predictable, fixed citywide Community Amenity Contribution (CAC) formula.
Overview
Establish a predictable, fixed citywide Community Amenity Contribution (CAC) formula.
Sources
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The April 12, 2023 report says City Council approved the planning process for fixed-rate CACs after ABC Vancouver councillor Sarah Kirby-Yung moved the motion in December 2022. It records Mayor Ken Sim saying the fixed-rate system would reduce development-cost uncertainty, directly establishing post-promise ABC-derived work toward a more predictable CAC framework.
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Establish a predictable, fixed citywide Community Amenity Contribution (CAC) formula.
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Pre-set fee structures flattened across several major transit corridors to remove ad-hoc negotiation backlogs.
Timeline
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The April 12, 2023 report says City Council approved the planning process for fixed-rate CACs after ABC Vancouver councillor Sarah Kirby-Yung moved the motion in December 2022. It records Mayor Ken Sim saying the fixed-rate system would reduce development-cost uncertainty, directly establishing post-promise ABC-derived work toward a more predictable CAC framework.
View source
-
Establish a predictable, fixed citywide Community Amenity Contribution (CAC) formula.
View source
-
Pre-set fee structures flattened across several major transit corridors to remove ad-hoc negotiation backlogs.
View source