“I don’t trust Fed Ex with cheques of this size,” he laughed. “I’m delivering in person.”

The cheque covers the area specific Development Charges for the first two phases of Cork and Vine, just north of the village of Wellington.

“The DCs cover the total capacity that will be available after the initial servicing infrastructure is installed.”

The development has been delayed for years due to lags in delivery of the water servicing infrastructure it requires, moving the deadline for delivery of upfront DCs back every time.

“We are really excited to finally be at the point where we are paying the upfront development charges and to start building as soon as the water and wastewater infrastructure the County is installing is ready.” 

That won’t be till the end of 2025.

The tender for the last piece of infrastructure, the pump station to bring water to Cork and Vine, was just awarded in September, and will take a year to complete.

“We are paying well over a year ahead of when we can start to build. Some might say it’s a tough time in the market right now, but we are confident in Wellington. We know this is money well spent.”

Mr. Daniell explained that the $12.7 million means Kaitlin “is 100% paid up — but there will be more DCs to come.”

“We are really excited to 
finally be paying the 
upfront development charges and to start 
building as soon as the 
water infrastructure the County is installing is ready. 
That will be by the end of 2025.”

Devon Daniell, Kaitlin Corporation

The first two registered phases of Cork and Vine will see 604 homes, a mix of singles, towns, and apartments.

The charges have increased from estimates of $10 million last year to today’s $12.7 million due to small changes in the project’s phasing — and inflation.

“The DCs cover the total maximum available servicing capacity in Wellington prior to the commissioning of the planned 

water and wastewater treatment plants,” said Mr. Daniell.

 “Based on the current concept and today’s rates, we expect to pay over $45.8 million in development charges for the balance of Cork and Vine’s planned residential building.

“That’s to say nothing of the development charges payable for the not insignificant amount of commercial that is planned as well.”

 Mr. Daniell pointed out that the area specific DCs totalling $45.8 million are the up front or advance payments required for water and wastewater servicing infrastructure for Cork and Vine.

“That’s just the total amount we must pay in up front charges. If we were pulling building permits today for those first 604 units, we’d also be dropping off another cheque for over $8M for “regular” development charges. 

“And based on the planned total concept, an additional $30M for the balance.”