WHEREAS Sections 42, 51.1 and 53 of the Planning Act, R.S.O. 1990, Chapter P. 13, as amended, provides that the Council of a local municipality may by By-law require that land be conveyed to the municipality for park or other public recreational purposes as a condition of development or redevelopment or the subdivision of lands;
AND WHEREAS Sections 42(6) and 51.1(2) of the Act provide for payment of money in lieu of the conveyance of land;
AND WHEREAS the Council for the Town of Grand Valley has adopted policies within its Official Plan regarding the provision of parkland dedication requirements or cash-in-lieu thereof to the Town as a condition of development or redevelopment, as referred to in the Act;
AND WHEREAS Council has adopted By-Law 2013-13 being a By-Law to require the provision of parkland or money in lieu for park or other public recreational purposes pursuant to the Planning Act, R.S.O. 1990, cP.13 and the By-Law has not been updated for some time;
AND WHEREAS as land prices have significantly increased in the past 12 years;
THEREFORE BE IT RESOLVED THAT Council directs staff to prepare a report regarding updating the By-Law;
AND FURTHER THAT the report explore the method of using a percentage of appraised value versus a fixed amount;
AND FURTHER THAT this report be presented for Council's consideration in Q3 2026.