Services
Clayton Research approaches municipal finance issues from an economic
perspective, with a solid understanding of real estate markets,
the land development process, housing policies and financial markets.
Municipal Finance Impact Studies
Clayton Research has prepared municipal finance impact studies
for development proposals ranging from infill projects to new towns.
These studies range in depth from simple average cost analyses to
detailed case studies, and examine the potential impacts on the
assessment base, municipal revenues, and capital and operating expenditures.
Development Charges Analyses
Clayton Research has provided strategic advice regarding development
charges to developers, homebuilders and public sector clients across
Ontario. Our services include the comprehensive review of development
charge proposals, expert witness services for Ontario Municipal
Board hearings dealing with development charge issues, and advice
regarding development charge policies.
Input for Land Use Planning Teams
Clayton Research has participated in many multi-disciplinary planning
teams, providing advice about the municipal finance implications
of proposed developments.
Other Municipal Finance Issues
Clayton Research provides strategic advice regarding other municipal
finance issues including financial contributions for "best
efforts" agreements, density bonus (Section 37) policies, and
assessment issues.
Experience
Examples of the some of municipal finance assignments undertaken
by Clayton Research are outlined below:
Credits for Lot Levy Payments
Clayton Research provided analysis of development charge credits
for lot levy payments made by developers in Mississauga, Burlington
and Toronto before the adoption of Ontario's first Development Charge
Act in 1989. This analysis helped provide the "factual matrix"
the Ontario Municipal Board used in interpreting the terms of various
lot levy agreements.
Financial Impact of Mandatory Sprinklers
This research study, undertaken for CMHC in association with Arencon
Ltd., examined the potential impact of mandatory sprinklers in new
homes on the cost of municipal fire protection services. Other costs
and benefits associated with residential sprinklers were also assessed.
Financing Alternatives for Road Improvements in Winnipeg
As part of a multidisciplinary transportation study for the Polo
Park district of Winnipeg, Clayton Research provided advice regarding
potential alternatives for financing the road improvements required
to accommodate redevelopment in the area. City officials will use
this background in choosing the appropriate finance tools to meet
their needs.
"Best-Efforts" Capital Contributions in Markham
Clayton Research assessed the reasonableness of the Town's requirement
that developers make certain financial contributions to adjacent
landowners for capital improvements constructed many years earlier.
At the time the works were constructed, Markham had agreed to use
its "best efforts" to collect from other developers in
the area. This research was used by the Ontario Municipal Board
in deciding on the appropriateness of these contributions for two
developments in Markham.
A Fiscal and Economic Impact Study for the River Ridge Community
The financial implications of this development for the City of
Gloucester were assessed in the River Ridge Community analysis.
The study estimated the capital and on-going operating and maintenance
costs for the City services that would be required for the new community,
as well as the impact of the development on City revenues. Other
economic implications examined included employment generation associated
with the proposed development.
Expertise
Jeannette Gillezeau, Vice President, is responsible for municipal
finance analyses at Clayton Research. An acknowledged expert in
development charges, she has worked in the municipal finance field
since 1979. Frank A. Clayton, President, is also involved in some
of the municipal finance impact area.
Projects undertaken at Clayton Research always benefit from the
contribution of other senior staff bringing other key areas of expertise
to bear on the analysis. Read more about Jeannette
Gillezeau and other senior staff
members.
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