Community Amenity Contributions (CACs) are monetary or in-kind contributions made by the developer to the Town as part of a rezoning process. CACs are intended to help offset the cost of providing community amenities associated with new residential development that requires a change in land use or density.
The Town established its first CAC policy in 2007.
In 2016, the policy was updated to include a provision for, and definitions of, affordable housing.
In Q4 2019, Urban Systems began working with the Town to further update the Community Amenity and Affordable Housing Contribution Policy, with the goal of developing a revised policy that is transparent and easy-to-understand, as well as fair to both the development community and the Town.
The work began with a background review on financing growth and the role of CACs, best practices, CACs in comparable communities, a review of the Town’s existing policy, and a staff/Council workshop.
In Q3 2020, Urban Systems interviewed stakeholders, identified suitable options for Gibsons, and delivered a draft report to staff.
In Q4 2020, Urban Systems completed pro forma financial analyses of case study sites under multiple land use types and tenures.
In Q1 2021, staff received a draft policy, which was presented to Council on June 1, 2021. Read the related Staff Report, which includes the draft policy, and a report from Urban Systems here.
At that meeting, it was determined that the policy required further revisions, and that the public would be consulted on the draft document prior to its adoption. The related work is now underway.