FOR IMMEDIATE RELEASE
February 20, 2018
West Kelowna Council has agreed to extend its Westbank Centre Development Cost Charge (DCC) Reduction Bylaw a further three months to allow in-stream applicants and staff more time to process applications in progress.
On February 24, 2015, Council adopted the Westbank Centre DCC Reduction Bylaw to encourage development in Westbank Centre. The bylaw was set to expire in March 2018. As a result of the adoption of this bylaw, a major apartment project, Carrington Ridge, has benefited from these reductions, and additional projects have been proposed which could benefit. ln order to continue to incentivize development in Westbank Centre, Council agreed on February 13, 2018 to extend the bylaw for a further three months to June 2018; however, Council will not be considering additional extensions.
DCCs are charged by a municipality to a developer to assist in paying the capital cost of providing and improving infrastructure. The bylaw offered DCC reductions to any development proposed within Westbank Centre that results in low environmental impact. The bylaw was scaled to feature a deeper reduction for higher density, mixed use projects.
In stream projects that have the potential to take advantage of this DCC reduction include multi-family projects on Carrington Road, Majoros Road, Elliott Road and Brown Road.