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03-006 Inactive Design Criteria By-Law Deposit Policy_20213-006 Page 1 of 2 DEVELOPMENT AND PLANNING Policy 3 -0 06: Inactive Design Criteria By-Law Deposit Policy Approval Date: April 23, 2018 Approval Authority: Council, Resolution Effective Date: April 23, 2018 Next Scheduled Review Year: 2025 Department: Building, Planning and By-Law Last reviewed: 2021 Revision Date/s: Schedules: POLICY STATEMENT This policy is established to regulate Design Criteria By-Law 3153 deposits associated with inactive/stale open building permits. PURPOSE The purpose of the policy is to close stale open building permits and reduce the outstanding Design Criteria By-Law 3153 deposit account associated with inactive/stale open permits. Forfeited deposits will be transferred to the Development Remediation Reserve to assist in funding outstanding development related municipal infrastructure deficiencies. SCOPE This policy is subject to the following: i) open building permits that have obtained occupancy but have not obtained a final inspection; ii) building permits that are subject to a Design Criteria By-Law 3153 deposit; and iii) building permits that have been inactive for a minimum of four (4) years. 3-006 Page 2 of 2 AUTHORITY Council provides authority to Building Services and Finance staff to implement. IMPLEMENTATION PROCEDURE 1. Permit holders identified in the scope of this policy will be sent a final notice from Building Services with wording that was provided by the Town solicitor advising that the permit is inactive/open and must be closed within six (6) months of the notice date at which point the deposit will be forfeited. 2. Permits that are not closed within the six (6) month notice will remain open and the deposit will be forfeited. 3. Building Services staff will notify Finance staff of the forfeited deposits. 4. Finance will track forfeited deposits. 5. Finance will transfer forfeited deposits from the Design Criteria Construction Deposit account to the Development Remediation Reserve annually on December 31.