Parkland Dedication - Cash-in-lieu

By-Law Number
CPOL.-330-321
As Amended by

Legislative History: Enacted September 19, 2017 (By-law No. CPOL.-134-386); Amended June 26, 2018 (By-law No. CPOL.-330-321)

Last Review Date: July 25, 2023

Service Area Lead: Director, Parks and Forestry

1. Policy Statement

The policy establishes the valuation of cash in lieu of parkland dedicated to be provided to the City of London under Section 42, 51.1 and 53 of the Planning Act, R.S.O. 1990, Chapter P.13.

2. Definitions

Not applicable.

3. Applicability

This policy applies to the valuation of cash-in-lieu of parkland dedicated to the City under Section 42, 51.1 and 53 of the Planning Act, R.S.O. 1990, Chapter P.13.

4.The Policy

That the following policy be established for the valuation of cash-in-lieu of parkland dedicated to the City under Section 42, 51.1 and 53 of the Planning Act, R.S.O. 1990, Chapter P.13,:

a) Cash-in-lieu of parkland dedication values will be set out in Table 1 of By-law CP-9, Parkland Dedication.  These values will be evaluated by an Accredited Appraiser (AACI), of the City’s choice, on a biennial basis (every 2 years) to ensure the values of the by-law reflect the current market value;

b) Realty Services will retain an independent Accredited Appraiser (AACI) to undertake the review and through Environment and Infrastructure, Parks Planning and Operations make recommendations to Council on the appropriate amendments;

c) The valuation of Table 1 will take into account the value of residential, hazard and open space lands on a city-wide basis on the day before the day of draft approval. The following values are to be considered in the valuation:

Column I                                                                   Column II

Average Value of Land                                           $/hectare ($/acre)

Residential Detached Units

Up to 11.99m lot frontage                                                 $

12m -14.99m lot frontage                                                $

15m -17.99m lot frontage                                                $

18m or greater lot frontage                                            $

**Where lot frontage is defined under
Zoning By-law Z.-1

Cluster detached / Semi-detached / duplex        $

Attached Rowhousing                                                      $

Attached Apartments                                                       $

Value of Parkland

Hazard land                                                                          $/hectare ($/acre)

Open space land                                                                 $/hectare ($/acre)

Ratio of hazard Land to table land                             ** to 1

Ratio of open space land to table land                    ** to 1

Table land to be purchased by the
Corporation for parkland use                                        $/hectare ($/acre)

d)The revised Table 1 of By-law CP-9 will be implemented on the first Tuesday of January, 2011; and

e) For non-residential cash-in-lieu of parkland payments, an appraisal shall be undertaken by an Accredited Appraiser (AACI) and be submitted to Development and Compliance Services and Realty Services for review and confirmation.

Last modified:Tuesday, August 15, 2023