OFFICIAL COMMUNITY PLAN BYLAW 7100, AMENDMENT BYLAW 10530 RICHMOND ZONING BYLAW 8500, AMENDMENT BYLAW 10531 (RZ 20-915237)
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In addition to the ACF and CSF, the developer has agreed to a voluntary cash contribution of
$15 million towards Richmond’s Leisure Facilities Reserve Fund – City Centre Facility
Development Sub-fund to facilitate future City Centre amenity development, the terms of which
generally include:
Payment of one-third ($5.0 million) prior to issuance of the first Development Permit within
Phase 2;
Payment of two-thirds ($10.0 million) prior to issuance of the first Development Permit
within Phase 3; and
That the total cash contribution amount shall be increased annually from the date of Bylaw
10531 having first received third reading (e.g. the date of the Public Hearing) based on the
Statistics Canada “non-Residential Building Construction Price Index” yearly quarter-to-
quarter change for Vancouver, where the change is positive.
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