Application L-Squared Design Ltd. for Rezoning at 8080, 8100, 8120, 8140, 8160 8180 8200 No. 3 Road Broadmoor

The applicant has agreed to voluntarily provide a CIL contribution to the Affordable Housing Reserve Fund in the amount of $12.00 per buildable square foot consistent with the Affordable Housing Strategy and Section 5.15 of Richmond Zoning Bylaw 8500 for rezoning applications that propose the “Town Housing (ZT106) – No. 3 Road (Broadmoor)” zone outside the City Centre. The lands subject to this application are 65,519.92 ft2 in area. The site-specific (ZT106) zone establishes a floor area ratio of 0.60 for market ownership units, therefore the maximum floor area available to the property, if the rezoning is approved, is 39,311.95 ft2. The affordable housing CIL requirement applicable to this application is $471,743.42

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