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FINANCIAL PLANNING, ADMINISTRATION AND POLICY DEVELOPMENT CHARGES, PROGRAM AND POLICIES Development Charges Deferral Agreement Application Form This application form is to be used to request the deferral
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How to fill out development charges deferral agreement

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How to fill out development charges deferral agreement

01
Obtain a copy of the development charges deferral agreement form from the relevant local authority.
02
Fill out the form with accurate information about the development project, including the property details, estimated development charges, and proposed payment schedule.
03
Ensure all required documentation, such as site plans, building permits, and financial statements, are attached to the agreement form.
04
Review the completed form for any errors or missing information before submitting it to the local authority for approval.
05
Wait for the local authority to process the deferral agreement and provide confirmation of the approved terms and conditions.

Who needs development charges deferral agreement?

01
Developers or property owners who are undertaking a new construction project and are facing significant development charges that they are unable to pay upfront.
02
Individuals or organizations looking to defer the payment of development charges to a later date to ease the financial burden of the project.
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Development charges deferral agreement allows developers to delay payment of development charges until a later date.
Developers who wish to defer payment of development charges are required to file the deferral agreement.
To fill out the agreement, developers must provide specific details about the development project, proposed payment schedule, and contact information.
The purpose of the agreement is to provide flexibility to developers in managing their cash flow and to encourage development in certain areas.
Developers must report project details, proposed deferral period, payment schedule, and contact information.
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