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King has $1-million surplus in DC reserves
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King has $1-million surplus in DC reserves
By Mark PavilonsEditor While changes to development charge legislation continue to challenge municipal staff, King has a Development Charge surplus.The current balance of DC Reserve Funds is $4.5 million, of which the Township has $3.5 million of commitments, resulting in a $1 million surplus.The current balance of the Cash in Lieu of Parkland Reserve Fund is a surplus of $4 million.Staff presented the details to council recently.Development cha…
·King City, Canada
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