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HomeMy WebLinkAboutKIN 91 081 Pkland Dedication THE CORPORATION OF THE TOWN OF KINCARDINE . BY-LAW BY-LAW NO. 1991-81. A BY-LAW TO IMPOSE A PAYMENT IN LIEU OF PARKLAND DEDICATION UNDER SUB-SECTIONS 50(8) AND (9) OF THE PLANNING ACT, s.o. 1983, CHAPTER 1. WHEREAS a council may, in lieu of accepting land conveyance, impose a charge upon lands for park purposes upon subdivision of lands; AND WHEREAS the Council for The Corporation of the Town of Kincardine deems it expedient to impose such a charge; NOW THEREFORE the Council for The Corporation of the Town of Kincardine ENACTS as follows: 1. That in lieu of land conveyance for park purposes upon subdivision of lands by consent which create five (5) or less lots, a fee of $500.00 (five hundred dollars) for each lot created by such subdivision shall be charged. 2. Where a developer whose property is affected by clause 1. above provides an appraisal acceptable to the town and prepared by a registered real estate appraiser demonstrating that the value of the land in question is less than $20,000, the lower value will be accepted. 3. That, where Kincardine Town Council does not require parkland dedication, Council may accept payment in lieu of land conveyance for park purposes upon subdivision of lands by registered subdivision which create more than five (5) lots and the fee charged shall be pursuant to the provisions of subsection 50(8) of The Planning Act, S.D. 1983, chapter 1. 4. For the paragraphs be granted purposes of the (1) or (2) above, to the retained or calculation outlined in a credit for one lot shall original lot. 5. This by-law only applies to residential property. 6. This by-law shall come into full force and effect upon its final passage. By-law No. 1989-40 be and the same is hereby repealed. . 7. .. ./2 . . By-law No. 1991-81 Page 2 8. This by-law may be cited as the "Payment in Lieu of Parkland Dedication By-law". READ a FIRST and SECOND time this 17th day of October, 1991. READ a THIRD time and FINALLY PASSED this 7th day of November, 1991. { lJI/1e-t1!) 1~~Á " ,/, ~ / "~ó[LU~~/!" Mayor