Application by 1260479 BC Ltd. for Rezoning at 9600/9620 Garden City Road from the "Two-Unit Dwellings (RD1)" Zone to the "Low Density Townhouses (RTL4)" Zone

The City's Affordable Housing Strategy (AHS) seeks cash-in-lieu (CIL) contributions to the Affordable Housing Reserve Fund (AHRF) when considering townhouse rezoning applications with 60 or fewer dwelling units. The contributions are sought in lieu of built Low-End Market Rental housing units. The subject rezoning is proposing five townhouse units. Consistent with the City's AHS, the applicant is proposing a CIL contribution to the AHRF in the amount of $12.00 per buildable square foot (for sites outside of the City Centre Area Plan). Accordingly, the total CIL contribution is $92,614.24, which the applicant is required to provide prior to final adoption of the rezoning bylaw.

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