City of Courtenay Official Community Plan - 2026 update

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4. Valuation and Methods a) In-kind amenities must be supported by professional cost estimates and drawings. b) Land dedication may be acceptable where it achieves OCP priorities. c) Cash in lieu amounts will be derived from d) As part of a rezoning application, the City may request land lift analysis be provided by a qualified professional to assist in the amenity contribution negotiation. 5. Process and Security a) CACs are identified early in pre application and formal application stages. b) Contributions must be secured through zoning amendment conditions prior to final bylaw adoption and may include, Housing Agreements, Section 219 covenants, phased development agreements, or irrevocable letters of credit, as appropriate. c) The City will report annually on CACs received and amenities delivered. 6. Exclusions a) CACs do not include park dedication under subdivision, required off site works under the Subdivision and Development Servicing Bylaw, DCC or ACC project lists, or minimum environmental protections for Environmentally Sensitive Areas as outlined in the OCP. 7. Review and Updates a) CAC procedures and valuation methods will be reviewed as part of each five-year OCP review cycle to maintain alignment with development economics, housing needs, and OCP priorities. a transparent valuation approach that considers land economics and amenity costs.

1. Applicability a) Rezonings where additional density or changes of use are being considered, and where the additional density is not covered in a Density Benefit Zoning schedule. 2. Amenity Priorities a) Affordable Housing. Preference for onsite affordable rental or ownership secured by Housing Agreement; cash in lieu to the Affordable Housing Reserve Fund may be accepted if onsite delivery is not feasible. b) Public Realm, Parks, and Nature. Plazas, greenways, park improvements, natural area restoration, and shorelines with green shores approaches, especially where site conditions warrant. c) Social, Cultural, and Childcare Spaces. Community, cultural, arts, library, childcare, or seniors' facilities that serve local area needs. d) Active Transportation and Transit Supportive Facilities. High priority in growth centres and along the Frequent Transit Network. 3. Location Specific Guidance a) The City may prepare and maintain reference materials identifying amenity needs for specific areas to help inform CAC negotiations in support of the OCP and Local Area Plans.

City of Courtenay Official Community Plan