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OFFICE USE THE CORPORATION OF THE MUNICIPALITY OF LEXINGTON 111 Erie SI. N., Lexington, ON N8H 2Z9 (519) 326-5761 Fax (519) 326-2481 lEM1llG1 'ON DC Application No. Building Permit No. Development

How to fill out development charge deferral agreement

How to fill out development charge deferral agreement:

1. Obtain a copy of the development charge deferral agreement form from the relevant government or municipal authority.
2. Read through the form carefully to understand the terms, conditions, and requirements.
3. Fill in your personal or company information accurately and completely, including your name, address, contact details, and any other requested details.
4. Provide information about the development project for which you are seeking a deferral. This may include the project location, description, estimated costs, and timeline.
5. Indicate the specific reasons why you are requesting a deferral of development charges. This could be due to financial constraints, economic conditions, or any other valid reason.
6. Attach any supporting documents or evidence that may be required to support your deferral request, such as financial statements, business plans, or feasibility studies.
7. Review the form to ensure all sections are properly filled out and that there are no errors or omissions.
8. Sign and date the form in the designated areas, acknowledging your understanding and acceptance of the terms and conditions outlined in the agreement.
9. Submit the completed form to the relevant government or municipal authority along with any required fees or supporting documentation.
10. Keep a copy of the filled-out form and any additional documents for your records.

Who needs development charge deferral agreement?

1. Developers or property owners who are undertaking a development project that is subject to development charges may need a development charge deferral agreement.
2. Individuals or companies who are facing financial constraints and require additional time to pay the development charges may also need this agreement.
3. Municipalities or government authorities that offer development charge deferral programs may require applicants to fill out this agreement to formalize the deferral request and ensure compliance with the program's terms and conditions.

For pdfFiller’s FAQs

What is development charge deferral agreement?

A development charge deferral agreement is a legal agreement between a developer and a municipality that allows the developer to defer payment of development charges for a specific period of time.

Who is required to file development charge deferral agreement?

Developers who wish to defer payment of development charges are required to file a development charge deferral agreement with the municipality.

How to fill out development charge deferral agreement?

To fill out a development charge deferral agreement, developers must provide information such as the property address, the amount of development charges being deferred, and the terms of the deferral.

What is the purpose of development charge deferral agreement?

The purpose of a development charge deferral agreement is to provide developers with financial flexibility by allowing them to defer payment of development charges until a later date.

What information must be reported on development charge deferral agreement?

Information such as the property address, the amount of development charges being deferred, and the terms of the deferral must be reported on a development charge deferral agreement.

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