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Ratification of Actions regarding Corporate
Services (Legal Services) Report 2014-22 dated August 20, 2014 regarding
Tools to Support Rental Housing (Pilot Project).
Recommendations:
a)
THAT Corporate Services (Legal Services) Report 2014-22 dated August 20,
2014 the tools, terms and conditions related to a Pilot Project for a
proposed rental housing development at 212 Davis Drive be received and the
following recommendations be adopted:
i)
THAT staff be directed to finalize the Development Charges Deferral
Agreement for the Pilot rental housing Project at 212 Davis Drive on the
basis that the applicable Town of Newmarket Development Charges fees to be
deferred are those in effect as at August 25, 2014 (including applicable
indexing) under By-law 2009-73 and set out in Schedule “A”;
ii)
AND THAT the deferral of the Development Charges for the Pilot Project is
conditional on the issuance of a building permit within 18 months from the
date of Site Plan approval of the development application;
iii)
AND THAT Staff be authorized to do all things necessary to finalize the
Development Charges Deferral Agreement together with any related mortgage,
collateral security or other required agreements and documents with Malter
Holdings Ltd. and its affiliated entities;
iv)
AND THAT Staff be authorized to execute and electronically register all
agreements and documents necessary to give effect to the foregoing and that
the Associate Solicitor or her staff be authorized to electronically sign
and register all Agreements;
v)
AND THAT all other tools, terms and conditions of the Pilot Project
previously approved by Council are conditional on issuance of a building
permit within 18 months of the date of Site Plan approval of the
development application.;
vi)
AND THAT the applicable Planning Application fees to be deferred are those
fees in effect on the date the Planning Application was submitted;
vii)
AND THAT the applicable Building Permit fees to be deferred are those fees
in effect on the date the Building permit(s) is/are issued.
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