ontario regulation 20/25

made under the

Municipal Act, 2001

Made: January 28, 2025
Filed: January 28, 2025
Published on e-Laws: January 28, 2025
Published in The Ontario Gazette: February 15, 2025

Authority to Grant Assistance - Section 106.1 of the Act

Town of New Tecumseth

Definitions

1. (1) In this section,

“assistance” means a total or partial exemption from the development charges imposed by the Town of New Tecumseth under the Development Charges Act, 1997; (“aide”)

“assistance period” means the period that begins on January 28, 2025 and ends on the fourth anniversary of that date. (“période d’aide”)

Assistance permitted

(2) The Town of New Tecumseth may, in accordance with this section, grant assistance directly or indirectly to Honda Canada Inc. during the assistance period.

Total amount of assistance

(3) The total of the amount of assistance that is granted under subsection (2) shall not exceed the amount equal to the total amount of development charges imposed by the Town of New Tecumseth and otherwise owed by Honda Canada Inc. before the assistance in respect of the part of the gross floor area of a development that exceeds 328,000 square metres and that is less than 775,000 square metres, during the assistance period.

Commencement

2. This Regulation comes into force on the day it is filed.