A development works agreement is an agreement, made by bylaw, between a municipality and a developer setting out which of them will provide, construct, alter or expand infrastructure related to a development.
A development works agreement may provide for the following types of infrastructure:
Development works agreements are negotiated between the developer and the municipality during the development approval process. A development works agreement must specify the following:
In addition, if the developer is providing the works, the bylaw must provide for the payment of the charges collected to the developer, and may also require the developer to provide security to ensure compliance with the agreement.
Before the agreement can be finalized, it must receive elector approval.