The Municipality of Bayham passed By-law No. 2022-067, being a by-law to establish development charges on October 6, 2022.
Section 5.1 of said by-law stipulates that development charges imposed shall be adjusted annually without requiring an amendment to the by-law to take effect January 1 of each year and in accordance with the prescribed index.
Bill 23, More Homes Built Fast Act, 2022, also provides for language for adjustments.
Please see adjusted years below: