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Beeton developers set to upfront Dayfoot Street reconstruction costs

Posted March 4, 2019

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, Devonleigh Homes 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.

All stories, unless otherwise noted,
by Tony Veltri