Comment
Peel Region's comments are submitted via the attached letter.
Key points include requests for:
- assurances that municipalities will receive complete and timely payment from the bond product, and the ability to rectify a deficiency without objection from the landowner/homebuilder
- confirmation of ability to retain a partial holdback of monies until final acceptance of the works
- clarification on who will be responsible for overall costs and administration of bonds.
Supporting documents
Submitted October 15, 2024 8:36 AM
Comment on
Enabling the Use of Pay-on-Demand Surety Bonds to Secure Land-Use Planning Obligations under Section 70.3.1 of the Planning Act.
ERO number
019-9198
Comment ID
100948
Commenting on behalf of
Comment status