City of Courtenay Official Community Plan - 2026 update

D

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5. Cash in Lieu a) Where, in the City's opinion, on site delivery is not practical, cash in lieu may be accepted. The amount of cash in lieu required will be calculated according to a method and rate established for each zone and area of the city as established in the Density Benefit Bylaw. b) The schedule of rates will be updated by the City on a regular basis to reflect changing market conditions.

i. Public realm and plaza improvements. ii. Parks, greenways, and natural area enhancements. iii. Cultural, social or childcare spaces. iv. Active transportation infrastructure. b) The value of alternative amenities secured will be equivalent to the value of the affordable units that would otherwise be secured. established in the Density Benefit Bylaw and periodically updated to reflect development typologies across different areas of the city, land economics, construction costs, and amenity priorities. b) The Density Benefit Bylaw will include schedules and formulas for different zones and areas of the city, that provide clarity on the expected contribution required to qualify for benefit density, including: i. The amount of affordable housing, expressed as a portion of the benefit Gross Floor Area granted. ii. The tenure of the affordable units, in terms of rent or ownership. iii. The affordability of the units, including the sales price or the rent to be charged for the units. iv. The length of time the affordable units must be maintained as affordable. 4. Contribution Requirements a) Contribution requirements will be

6. Phasing a) For multi phase projects, amenities may be staged with clear delivery triggers.

Community Amenity Contributions (CAC's)

Intent – CACs are voluntary, negotiated conditions of additional density achieved through rezoning for which Density Benefit Zoning schedules do not apply. CACs are complementary to Density Benefit Zoning and ACCs, and are not intended to replace either tool.

Policies – When negotiating CACs, the following principles must be considered:

• Nexus of benefit, wherein there is a direct, demonstrable link between the impacts of the proposed development and the amenities provided. • Proportionality and fairness, wherein the amenities provided are equivalent to the impact the proposed development generates and is consistent with contributions provided by other applicants. • CACs shall apply only to the net increase in development rights achieved through zoning amendments.

PART D Implementation