As presented by Councillor Cormier:
WHEREAS the City of Greater Sudbury, the Province of Ontario through the
More Homes, More Choice Act, 2019 and the Government of Canada through the National Housing Strategy of 2018, have recognized a need for affordable and high-quality housing for seniors and those seeking below market rent;
AND WHEREAS the Canadian Mortgage and Housing Corporation (CMHC) has implemented a National Housing Co-Investment Fund designed to encourage energy efficient, accessible and socially inclusive housing for mixed income, mixed tenure and mixed use affordable housing units;
AND WHEREAS the National Housing Co-Investment Fund requires that approved projects provide at least 30% of total units that must be less than 80% of the Median Market Rent, maintained for a minimum of 20 years;
AND WHEREAS 2356268 ONTARIO LTD has received zoning approval to construct a total of 826 multiple dwelling units on the parcel of land legally described as PINs 73583-0089, 73583-0097, 73583-0045, 73583-0609, 73583-0088 and 73584-0210, and Part of PINs 73583-0017, 73583-0076, 73583-0628, 73583-0604, 73583-0058, 73583-0043 and 73583-0603, Lots 3 & 4, Concession 3, Township of McKim;
AND WHEREAS 2356268 ONTARIO LTD is proposing to construct a project that includes 248 affordable housing units, 476 low cost senior housing units and 102 market units, known as Project Manitou;
AND WHEREAS part of this property is located in the Sudbury Development Charges Exempt Area, as defined in By-law 2019-100 being “A By-law of the City of Greater Sudbury With Respect to Development Charges”;
AND WHEREAS 2356268 ONTARIO LTD wishes to apply to the National Housing Co-Investment Fund;
AND WHEREAS the application to this fund will be significantly strengthened with an indication of municipal support;
AND WHEREAS this project has the potential to create a significant number of construction jobs in the community and generate significant tax revenue for the City of Greater Sudbury;
AND WHEREAS pursuant to By-law 2019-100, a By-law of the City of Greater Sudbury with Respect to Development Charges, Council may by resolution authorize an exemption from Development Charges for Affordable Housing, as defined within that By-law;
AND WHEREAS pursuant to the Development Charges Act, 1997 and By-law 2019-100, Council may authorize an agreement for a deferral of development charges otherwise payable;
THEREFORE BE IT RESOLVED that:
a) the 248 affordable housing units proposed to be constructed on the parcel of land legally described as PINs 73583-0089, 73583-0097, 73583-0045, 73583-0609, 73583-0088 and 73584-0210, and Part of PINs 73583-0017, 73583-0076, 73583-0628, 73583-0604, 73583-0058, 73583-0043 and 73583-0603, Lots 3 & 4, Concession 3, Township of McKim as part of the Project Manitou development be exempt from development charges provided that Project Manitou receives full approval for funding under the National Housing Co-Investment Fund and provided further that the 248 units meet the requirements for an Affordable Housing Project as set out in Bylaw 2019-100 for a period of no less than 20 years;
b) the Treasurer be authorized to set the terms of and execute an agreement with 2356268 ONTARIO LTD which provides for the terms of the exemption;
AND RESOLVED FURTHER that the Treasurer be authorized to set the terms of and execute an agreement with 2356268 ONTARIO LTD pursuant to section 27 of the Development Charges Act, 1997, and section 17 of By-law 2019-100 for the deferral of development charges for 20 years from the date of issuance of the building permit with respect to the 476 low cost senior housing units and 102 market units, proposed to be constructed on the parcel of land legally described as PINs 73583-0089, 73583-0097, 73583-0045, 73583-0609, 73583-0088 and 73584-0210, and Part of PINs 73583-0017, 73583-0076, 73583-0628, 73583-0604, 73583-0058, 73583-0043 and 73583-0603, Lots 3 & 4, Concession 3, Township of McKim, conditional upon 248 affordable housing units being constructed on the same lands and continuing to qualify as an Affordable Housing Project within the meaning of By-law 2019-100 during that period;
AND RESOLVED FURTHER that if any aspect of Project Manitou is changed or amended without consultation and prior approval of the City of Greater Sudbury, the development charge exemption referenced in this Motion is automatically revoked and any development charges that would be or would otherwise have been paid will be due in full by 2356268 ONTARIO LTD.