Division 3: Commercial Residential District (CR20-C20/R20) Incentive Density
Incentive Density Calculation Method
13321 The floor area ratio of the Commercial Residential District (CR20-C20/R20) may be increased in accordance with the incentive provisions of this Division to a maximum total of 20.0 floor area ratio.
2 The amount of additional gross floor area achieved by providing the requirements of the public amenity items in Table 8 are calculated as a floor area ratio, an Incentive Ratio or an Incentive Rate.
3 An Incentive Rate indicates that the amount of additional gross floor area will be calculated by dividing the cost of the provided public amenity item in Table 8, or the amount of contribution to a fund, by the respective Incentive Rate as established by Council where the following Incentive Rates apply:
aIncentive Rate 1 is $296.00 per square metre;
bIncentive Rate 2 is $242.00 per square metre;
cIncentive Rate 3 is $194.00 per square metre; and
dIncentive Rate 4 is $43.00 per square metre.
4Public amenity items that must or may be provided to achieve additional gross floor area are shown in Table 7.
5Unless otherwise specified in this Part, a public amenity item for which additional gross floor area has been achieved must be maintained on the parcel for so long as the development exists.
b for the purpose of calculating incentive floor area ratio only, the difference between the maximum floor area ratio of a building designated as a Municipal Historic Resource and a floor area ratio of 10.0 may be transferred to another parcel in accordance with the incentive provisions contained in Table 8, item 8.13;
d the transferable floor area ratio achieved through retention costs is transferred as gross floor area and calculated by dividing the retention costs by Incentive Rate 3.
8 Where a building is legally existing or approved prior to the parcel being designated CR20-C20/R20 the floor area ratio of the building is deemed to conform to the minimum and maximum requirements of this Bylaw.
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