Official Community Plan

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a. Separating the CAC policy from the OCP, allowing for more responsive updates to market conditions and development impacts without triggering an OCP amendment; b. Using a blended basket of goods approach and land lift approach to set monetary contribution targets so that contributions are clearly linked to community’s needs but not more than what developments can support; c. Reviewing policy and monetary contributions every 2–5 years to ensure that amenities identified reflect community needs and the monetary amounts are economically viable based on market conditions; d. Including density bonus formulas as an alternative and complementary means of providing amenities in the Zoning Bylaw ; and e. Exploring opportunity to apply CAC policies to Development Variance Permits.

15. CACs shall not include:

• Park dedications required through subdivision ; • Environmentally Sensitive Areas otherwise protected by regulation; • Off site improvements required under the Subdivision and Development Services Bylaw ; • Projects and contributions listed in the Development Cost Charges Bylaw; and • Other regulatory requirements. 16. In all CAC negotiations, the applicant may elect to provide at their expense a land economics analysis to propose different amenity contribution amounts, whether in-kind or monetary contribution. 17. The City will review the CAC policy on a regular basis to better reflect the development industry market conditions and improve administrative efficiency. The considerations include the following:

City of Courtenay Official Community Plan