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Council Waives Commercial Development Charges

Posted on Tuesday May 08, 2018

At their Regular Meeting on Monday, May 7, Essex Town Council officially amended the Development Charges By-law to reduce commercial development charges by 100% in areas that fall outside of the existing Community Improvement Plan boundaries.

The change will be in effect until August 25, 2019 and is designed to stimulate commercial development throughout the Town of Essex. The effort complements other incentive programs offered by the Town, including Community Improvement Plan grants and rebates, as well as the waiving of industrial development charges throughout the municipality.

“The Town already has a number of grant programs through our Community Improvement Plans which provide financial incentives for developers to build, but they are concentrated in our downtown cores,” explained Economic Development Officer, Nelson Silveira. “By waiving commercial development charges in all areas of the municipality that fall outside of the existing Community Improvement Plan boundaries, developers now have incentive in other areas, including the important Highway 3 and Maidstone business corridor.”

Development charges are fees paid by builders to help finance new infrastructure and services associated with new development. These charges are collected when a building permit is issued for construction of a new building.

To find out more about building permits and development charges, contact the Town of Essex Building Department at 519-776-6476.