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BYLAW - Amend 408899 Development Charges - 20021126 - 438702THE CORPORATION OF THE TOWN OF AURORA By-law Number 4387-02.F BEING A BY-LAW of the Corporation of the Town of Aurora to amend By- law 4088-99.F respecting development charges. WHEREAS the Town of Aurora enacted By-Law 4088-99.F pursuant to the Development Charges Act, 1997, S.O. 1997, c. 27 (the "Act") which authorizes Council to pass by-laws for the imposition of development charges against land; AND WHEREAS the Town has undertaken a study pursuant to the Act which has identified certain capital items for inclusion in the Town's development charges; AND WHEREAS the update study was made available to the public and Council gave notice to the public and held a meeting pursuant to section 12 of the Act on November 19, 2002, prior to and at which the update study and the proposed development charge by-law amendments were made available to the public and Council heard comments and representations from all persons who applied to be heard (the "public meeting"); AND WHEREAS the Town has held the Public Meeting required under the Development Charges Act and, that no further Public Meetings be required prior to adoption of the Development Charge By-law; AND WHEREAS the Development Charges Update Study dated October 2002 provided by C.N. Watson and Associates be received and approved; AND WHEREAS pursuant to Section 5(1 )3 of the Development Charges Act, the capital project listing provided in the Development Charge Update Study be approved in principle subject to annual review by Council during the Capital Budgetprocess. AND WHEREAS the By-law regarding development charges, as amended by the Development Charges Update Study of October 2002, be approved. NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE TOWN OF AURORA HEREBY ENACTS AS FOLLOWS: 1. By-law 4088-99.F is hereby amended as follows: 1. Section 5.0 Component Development Charges 5.1 Hydro Component Development Charge Despite subsection 2.1 (I), the hydro component development charge shall be removed from the Town-wide development charge upon the transfer of employees or assets to an Ontario Business Corporation by the Town of Aurora pursuant to the provisions of the Energy Competition Act, 1998 S.O. 1998 c.15. By-law #4387-02.F Page 2 of2 5.2 Despite subsection 2.1 (a), the transit component development charge shall be removed from the Town-wide development charge upon receipt of written confirmation from the Regional Municipality of York that it has amended the Regional Development Charge By-law No. DC-3-98-77 (as amended) to incorporate Transit Services pursuant to legislative authority governing the integration of Transit Services on a region-wide basis. 2. Schedule B is deleted and the attached Schedule B is substituted therefor. 3. This by-law shall come into force and effect November 27, 2002. 4. Except as amended by this By-law, all provisions of By-law 4088-99.F are and shall remain in full force and effect. READ A FIRST AND SECOND TIME THIS 26TH DAY OF NOVEMBER, 2002. READ A THIRD TIME AND FINALLY PASSED THIS 26TH DAY OF NOVEMBER, 2002.