Development Charges

In accordance with section 4.01.2 of By-Law 2015-151, starting on August 11, 2016 Northwest Trunk Sanitary Sewer Capital Charges shall be indexed annually in accordance with the Quarterly Construction Price Statistics Index published by Statistics Canada. Whereas the index stood at 156.8 on June 30, 2015 and at 161.6 on June 30, 2016, the capital charges that would have otherwise been in effect for the period August 11, 2016 to August 11, 2017, pursuant to By-Law 2015-151, shall be indexed by (161.6/156.8 - 1)*100% = 3.061%.