10-29-2015, 12:20 PM
"Development charges of $66 million were expected to be collected this year. Between Aug. 1, 2014 and July 31 just $38 million has been collected"
Where is the uncollected development charges... in default or collected at another time, or...? If that's the case, kudos to the developer asking for a deferral instead of just dodging the development charges after the fact.
Also comparatively, 12mil is nearly 20% of development charges (if we're to assume this coming year is on the same pace). That's a ton of change being dished out by one developer for one project. Pretty sure Prica Group has another one or two on the table if I've been following the threads in here correctly.
Where is the uncollected development charges... in default or collected at another time, or...? If that's the case, kudos to the developer asking for a deferral instead of just dodging the development charges after the fact.
Also comparatively, 12mil is nearly 20% of development charges (if we're to assume this coming year is on the same pace). That's a ton of change being dished out by one developer for one project. Pretty sure Prica Group has another one or two on the table if I've been following the threads in here correctly.