Amendments, additional clauses, and clarifications
The Chief Financial Officer and Commissioner of Corporate Services is authorized to make amendments to this program required for the purposes of program administration substantially in accordance with the requirements of Council Resolutions 2025-495 and 2025-583, including the inclusion of any additional terms and conditions deemed necessary to protect the financial interests of Peel Region.
Payments subject to Section 26.1 of the DC Act
This program does not amend or supersede the timing or payment requirements for eligible developments for which Section 26.1 of the DC Act applies.
Payments subject to Section 26.2 of the DC Act
This program does not amend or supersede the timing of when DCs are determined under section 26.2 of the DC Act.
Application of grant-in-lieu of DCs
The 50% grant will be applied on the total Peel Region DC amount that would have been payable in the absence of this program, for those buildings or structures which have met the requirements of the program and any associated DC Payment Agreement.
For greater certainty, this means the Peel Region DC amount payable after any interest, credits, exemptions, or reductions have been applied in accordance with the DC Act and Region By-law #77-2020, before the application of a grant-in-lieu.
Partial application of deferral and grant-in-lieu of DCs
Where a residential development, for which a DC Payment Agreement has been entered into pursuant to this program, is comprised or is planned to comprise of multiple buildings or structures, as in the case of a low-rise subdivision development, and where the requirements of the program have not been satisfied in respect of all of the planned residential buildings or structures, then the applicant shall only be entitled to a deferral and/or grant-in-lieu of DCs for those units that have met the requirements of the program and associated agreement.
Deferred DCs shall immediately become payable in full in respect of those residential buildings or structures that have failed to meet the requirements of the program.
Deferral subject to legislation
The Development Charges Act, 1997, as amended, shall supersede Council Resolution 2025-495, this framework, and any DC Payment Agreement entered into pursuant to this program, with respect to development charge calculations, payment timelines, and any securities to secure payment of the charge.