Officials from the City of Fort St. John held a public meeting on Monday night to provide clarification on the impending Development Cost Charges set for implementation in January of 2012.
Joel Short from from Urban Systems, who consulted the City on the process, chaired the meeting. It was well attended by developers and people in real estate. Many of them voiced their concern that the cost would discourage new development in the city.
The City wants to gradually bring in the new charges. They plan to provide 30 per cent of the costs for the first two years, and then provide a 15 per cent assist factor afterwards. The actual cost to developers over the first two years would be $2,401.29 for a single family residential unit. Multi-family residential developments would cost $1,677.67 per dwelling unit. Commercial developments would cost $8.82 per square metre of gross floor area. Industrial developments would cost $10.73 per square metre and institutional developments would cost $8.01.
These costs would pay for both water and sanitary infrastructure and would increase by 15 per cent after two years. Short concedes that these costs would ultimately be passed along to the consumer.
The costs will be used to help uprgrade existing water and sanitary systems and eventually to secure a second water source. The City plans to have first and second readings of the bylaw in December. In January, they hope to submit the proposal to the Ministry of Sport and Community Development.
For more information go to the City of Fort St. John website.