Latecomer Agreements

Intuitive by Design | Implemented with Experience | Supported with Passion
The Latecomers System is designed to track latecomer agreements initiated by development activities. When the latecomer agreement process is initiated, the benefiting properties, number of economic development units (EDUs) and cost per EDU is determined and the information is stored in this system. As benefiting properties use the services provided by the original developer, the system calculates the charges and interest owing to the original developer and tracks the payments as they are made. The system also calculates the amount of GST that the Municipality must submit for each payment processed. There is a maintenance program, as well, that is currently used for tracking interest rates only.
  • Tracks latecomer agreements initiated by engineering or planning development activities
  • Includes benefiting properties, number of economic development units (EDUs) and cost per EDU
  • Calculates the charges
  • Calculates the amount of GST that the municipality must submit for each payment processed
Share This