Reform of Development Finance Tools
Whereas existing tools for funding community amenities and infrastructure enhancements, including Development Cost Charges, are inflexible and were not designed for urban municipalities in addressing contemporary issues including provision of affordable housing and transit enhancements; And whereas the shortcomings of existing mechanisms for extracting amenities and contributions from new development has resulted in a patchwork of ad hoc systems and approaches which differ by local government and require lengthy site-by-site negotiations and rezonings to implement: Therefore be it resolve