Development Charges reach $517,248 in 2008

Town Council

(continued)

It would appear that, in its first year, the Development Charges program was lucrative for Saugeen Shores in 2008.

More than $500,000 came in as a result of the charges ($517,248 to be exact) with the Wal-Mart project responsible for the largest amount at $208,408.

There were also building permits for 38 multi-family units at $2,988 each for a total of $113,544, 30 single family residential with services at $4,000 each for $120,000, 24 two-bedroom plus multi-family at $2,580 for a total of $61,.920 and five other single family residential for a total of $13,376.

The Town did not use any of the funds for projects in 2008 and the monies are in reserve.

(next column)

10/03/2009 06:10 PM

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