Why is there no contribution to a Community Enhancement Fund?

Posted on Apr 14, 2016 | No Comments

Community Enhancement Funds are used to help fund infrastructure improvements or to provide amenities when increased densities create new needs in a community.  They are used in areas where there is no other way to gain the necessary infrastructure and public improvements.

For this development, the owner will spend more than $2.5 million on improvements that will benefit the community at large (5.36 hectares/acres 13.2 acres of enhanced public open space, for example, in a community that has very little publicly accessible green space at present).

The developer has committed to funding these improvements through Development Agreements with The City, which would provide similar results to a contribution to a Community Enhancement Fund.

In January 2016, City Council approved a new off-site levy for water and wastewater treatment. The developer will contribute to this levy.