Filed Under: Housing & Urban Development; Property Law
1 definition found for this term.
Definitions are presented in the order source books were published (most recent first).
Land-Use Planning$90.00 – $144.00
Monetary or other benefit granted by a municipality; for example, a reduction in taxes or charges for services or in the price of land, or a conferral of development rights, such as density, beyond those permitted by the applicable zoning. Bonuses are usually prohibited by statute or tightly controlled: see Ontario Municipal Act, 2001, SO 2001, c 25, s 106; Friends of Lansdowne Inc v Ottawa (City), 2012 ONCA 273