City Council - July 28, 2025 - Minutes - City of Richmond, BC

9 . Referral Response: Establishment of the Low-End Market Rental Parking, Tenant Asset and Income Exceedance Policy (File Ref. No. 08-4057-05) (REDMS No. 8058328, 8051283, 8106506) ( 1 ) That the Low-End Market Rental Parking, Tenant Asset and Income Exceedance Council Policy, as outlined in the report titled “Referral Response: Establishment of the Low-End Market Rental Parking, Tenant Asset and Income Exceedance Policy”, dated June 25, 2025, from the Director, Housing, be approved; and ( 2 ) That the terms used to enable the owner of Low-End Market Rental units to charge tenants for parking and to set an asset test limit for tenants 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 July 28, 2025, notwithstanding the terms of any executed rezoning considerations letter. ADOPTED ON CONSENT

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