City Council - February 24, 2025 - Minutes- City of Richmond, BC

R25/4-6 It was moved and seconded ( 1 ) That, as described in the report titled “Referral Response: Charging Fees for Parking Allocated to Low-End Market Rental (LEMR) Units in Transit-Oriented Areas (TOA)”, dated January 18, 2025, from the Director, Housing Office, changes to the terms of affordable housing agreements used to secure LEMR units to permit a charge for parking as outlined in Option 2 be endorsed by Council; ( 2 ) That the terms used to enable owners of LEMR units to charge for the use of parking be used in housing agreements for any conditionally approved rezoning applications, being those for which a zoning amendment bylaw has been given third reading and an associated housing agreement has yet to be executed as of February 24, 2025, notwithstanding the terms of any executed rezoning considerations letter; and ( 3 ) That the terms used to enable owners of LEMR units to charge for the use of parking, be used in any future housing agreement associated with a new or in-stream development application for which conditional approvals have yet to be granted.

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