This is incredibly helpful - thank you both for your responses. And it makes sense to me

Do we know how the cash contributions are calculated? Or the formula used by staff?

I'm not sure if it's an extension of the 4% CBC requirement based on land value as you may need to get appraisals done - which wouldn't be very efficient for an MV. Could just be a $X figure applied to just GFA or per unit...?
 
Taken July 21-2024

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Dense said:
This is incredibly helpful - thank you both for your responses. And it makes sense to me

Do we know how the cash contributions are calculated? Or the formula used by staff?

I'm not sure if it's an extension of the 4% CBC requirement based on land value as you may need to get appraisals done - which wouldn't be very efficient for an MV. Could just be a $X figure applied to just GFA or per unit...?
Click to expand...
It’s only an extension of the CBC for projects which are under the CBC regime. For those (like this) which are under the old S.37 regime, it’s an amount agreed to between city planning and the developer. Usually related to the original s.37 amount, and extended by the additional GFA to be gained.

The CBC appraisal is done at the time of building permit, so it would already be known and a simple calculation.
 
Tuscani01 said:
It’s only an extension of the CBC for projects which are under the CBC regime. For those (like this) which are under the old S.37 regime, it’s an amount agreed to between city planning and the developer. Usually related to the original s.37 amount, and extended by the additional GFA to be gained.

The CBC appraisal is done at the time of building permit, so it would already be known and a simple calculation.
Click to expand...

There's a third category, which has been used to secure said benefits through some of the recent CoA/TLAB hearings for extra density post-zoning which fall under Section 45(9). There's no enumerated formula, so these are being negotiated ad hoc between some combination of the local councillor and City Staff. Recent ranges of the ones I'm familiar with are $65,000 per floor to more than $400,000 per floor, but Staff (at least in high land value locations) seem to be coalescing at around that higher number.
 
ADRM said:
There's a third category, which has been used to secure said benefits through some of the recent CoA/TLAB hearings for extra density post-zoning which fall under Section 45(9). There's no enumerated formula, so these are being negotiated ad hoc between some combination of the local councillor and City Staff. Recent ranges of the ones I'm familiar with are $65,000 per floor to more than $400,000 per floor, but Staff (at least in high land value locations) seem to be coalescing at around that higher number.
Click to expand...
45(9) is what I was referring to re: the s.37 files. It’s only used in cases where a s.37 agreement exists. Otherwise, it’s left to the CBC formula of 4%.
 
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