THE CORPORATION OF THE CITY OF PORT COQUITLAM BYLAW NO. 2521 A Bylaw to impose Development Cost Charges for the acquisition of parkland. WHEREAS pursuant to Division (6) of Part 29 of the Municipal Act the Council may, by Bylaw, impose development cost charges under the terms and conditions therein set forth. AND WHEREAS in the opinion of the Council the charges imposed by this Bylaw are required for the purpose of assisting in the payment of the capital costs of acquiring parkland; AND WHEREAS the Council has given due consideration to all the factors jnvolved in establishing the charges hereinafter specified; AND WHEREAS the considerations, information and calculations used to determine the development cost charges hereinafter imposed are available to the public, on request, from the City Engineer of the City; AND WHEREAS the approval of the Inspector of Municipalities has been obtained; NOW THEREFORE the Municipal Council of The Corporation of the City of Port Coquitlam, in open meeting assembled, enacts as follows: . 1. Subject to the provisions of Section 2, every person who obtains: a) approval of a subdivision; or b) a building permit authorizing the construction, alteration or extension of a building or structure; shall pay, prior to the approval of the subdivision or the issue of the building permit, aa the case may be, to The Corporation nf the City of Port Coquitlam, a deve’.opment cost charge to acquire parkland in the amount of $1,319.00 for each new dwelling unit to be constructed. Section 1 does not apply to developments for which imposition of a development cost charge is prohibited by Statute. The “Parkland Acquisition Development Cost Charge Bylaw, 1979, No. 1652" is repealed. This Bylaw may be cited for all purposes as the "parkland Acquisition Development Cost Charge Bylaw, 1990, No. 2521". FINAL READING PA eA