By Joel Ceausu
The Suburban
The borough of Côte-des-Neiges—Notre-Dame-de-Grâce has more than $11.4 million to park and play with in its parks and parking funds.
The borough holds two distinct reserves, for parks and playgrounds as well as parking. Contributions can be made by transfer of a plot of land or monetary contributions by developers (not exceeding 10% of the area and value, respectively), and sums must be deposited in an account provided for this purpose, and used along with the plots of land for the purposes provided. (Prior to receiving a transformation permit for a building subject to a renovation or redevelopment project, the owner must pay the borough a compensatory sum.)
Contributions to the parking fund are determined by a calculation which may vary according to the categories of units or the uses, and sums can only be used for purchase or development of buildings used for parking, as well as creation of parking areas for bicycles.
The CDN-NDG park and playground account started out 2023 with $8,999,344.99 representing all contributions received, minus all use of contributions for park development projects in the borough since December 31, 2022. Last year, the borough received 16 contributions for a total of $2,691,539.03. Approximately $4.17 million was used to finance various investment projects, notably for the chalet and water feature at Coffee Park; redevelopment and renovations of chalets in Warren-Allmand, Mackenzie-King and Van Horne parks; to repair lighting at Roméo-Charette and Paul-Doyon parks; and professional services for renovations of the Loyola chalet and Promenade Jean-Brillant. As of December 31, 2023, the account stands at $11,459,719.90.
The borough’s parking fund remains unchanged at $100,828.21. n