-(1) The
Municipality may levy such development charge as may be
determined by bye-laws, from time to time-
(a) on any residential building with a height of more
than fourteen meters, or any non-residential
building, having regard to its location along a
particular category of street, its use characteristics,
and sanctioned built up area, and
(b) for development or redevelopment of any existing
area, in accordance with any development plan or
while approving any sub-division plan of that area.
(2) Any such development charge shall be paid in advance
by the developer before commencing any activity on the approved
plan or sub-division.
(3) In case of redevelopment of the area, the charges shall
be payable by all the residents and beneficiaries of the
development.
(4) The Municipality shall keep a separate account of such
development charge and shall not divert it for any other use
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