Fixed-Rate CAC

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On 16 May 2013, a last piece of the Norquay Plan — “for the next 30 years” (see Recommendation A) — was approved by Vancouver City Council. [1]  This action more or less put an end to seven years of struggling to try to get a decent plan. Already the replacement struggle is to get the City of Vancouver to stick with and to respect its own planning for Norquay.

One big benefit of having an up-to-date local area plan has just become apparent.

Start with the complete text of Recommendation B from the document:

 
        THAT Council set the fixed-rate targets for Community Amenity Contributions from rezonings
        as follows:
            — on Kingsway for sites under .4 ha., a rate of $107.60 per sq. m. ($10.00 per sq. ft.)
                of floorspace achieved in excess of existing zoning.
            — in the Apartment Transition Area, a rate of $161.40 per sq. m. ($15.00 per sq. ft.)
                of floorspace achieved in excess of existing zoning.  [p. 1]
 

The general good news here is that Norquay should see some payback from CAC [Community Amenity Contribution] as our local area (which is already considerably more dense than much of the rest of Vancouver) houses even more new people.

The specific good news is that fixed-rate CAC is not listed as a waiver item under Rental 100 policy. [2]  This means that at least a pittance of CAC should trickle into Norquay along with the flood of new residents who, other than having found themselves a place to live, bring impact burden rather than benefit.

Here is what the 2012 annual report on benefits [3] says about fixed rate:

Certain areas of the city have their own area-specific CAC and/or public benefit policies determined as part of Area Plans (e.g. Arbutus Neighbourhood and Southeast False Creek both have fixed rate targets for CACs).  [p. B-2; pdf 14]

In this respect at least, Norquay can now expect to receive the same treatment as two west side areas.

Rental 100 has become an item of concern to Norquay because two projects (one on Kingsway and one in the Apartment Transition Area) have entered public discussion in 2014.

In closing, to moderate anticipations of CAC bounty, let Eye on Norquay calculate how CAC has done NOTHING so far for 99+% of area residents:
 

2006     2300 Kingsway     $2,400,000 (single-purpose on-site 37-space daycare facility)

2012     2711 Kingsway     $  105,846 (to mitigate impacts on existing daycare)

2013     2220 Kingsway     $4,011,720 (in-kind enhancements for developer's project,
                                       plus $3 million stashed and steadily losing value)

 
 
[1]  Norquay Village Neighbourhood Centre Plan Implementation — Public Benefits Strategy and Apartment Transition Area Rezoning Policy  (16 May 2013)
http://former.vancouver.ca/ctyclerk/cclerk/20130516/documents/cfsc1.pdf

[2]  Secured Market Rental Housing Policy  (May 2012)
http://vancouver.ca/files/cov/secure_market_rental_policy.pdf

[3]  2012 Annual Report on Public Benefits from Approvals of Additional Density
http://former.vancouver.ca/ctyclerk/cclerk/20130516/documents/cfsc6.pdf

2011 Annual Report on Public Benefits Secured Through Approvals of Additional Density
http://former.vancouver.ca/ctyclerk/cclerk/20120612/documents/cfsc-1b.pdf
 

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Written by eyeonnorquay

18 September 2014 at 5:36 pm

Posted in Uncategorized

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