Beeton developers set to upfront Dayfoot Street
Posted March 4,
Developers with active planning applications in Beeton held up
by servicing constraints requiring reconstruction of Dayfoot Street,
have a deal at hand to front-end the municipality's share of the
multi-million dollar project.
An additional information memorandum attached to Sorbara
Group's (Valleyview) request for a three year draft plan extension,
includes reference to a Feb. 22, meeting between Town staff and the
benefitting development applicants. They include Sorbara, Flato,
Oxnard, Beeton Station, and Devonleigh Homes - who combined have
approximately 1,000 residential units in various stages of approval.
Dayfoot Street includes above and below grade improvements,
including water and wastewater service extensions, and urbanization of
the road, including sidewalks. It's a development charges eligible
project but the Town doesn't have enough in the DC component to pay its
share, which has delayed the work, and inturn, residential development,
the largest being Sorbara's.
"Overall, the developers expressed willingness to front ending
the Dayfoot Road reconstruction
project, with the possibility of 'sunset clause' approach," according
to Khurram Tunio
General Manager of Infrastructure and Development, report to council.
"The approach will consider fixed timelines, where Town will reimburse
any additional funds (paid upfront), above
and beyond their calculated development charges. Even though,
Inc. were unable to attend the meeting, staff received an email from
the developer with
their desire to pay their fair share in the front ending process."
The developers were also advised they will be required to
front end their share of New Tecumseth's obligation for the expansion
of Collingwood's water treatment plant to accommodate increased supply
to service the subdivisions.