City of Richmond - Transportation Demand Management (TDM) Reserve Fund Establishment
Adopted
As mentioned in previous updates, on March 24th, Council adopted the Transportation Demand Management (TDM) Reserve Fund Establishment bylaw, that creates a TDM reserve fund to enable a cash-in-lieu option for specific TDM measures. Â
Additional information can be found in the  bylaws and  full report by City staff.Â
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January 21, 2025Â
At the Public Works and Transportation Committee meeting on December 18th, Council gave three readings to the Transportation Demand Management (TDM) Reserve Fund Establishment bylaw, that creates a TDM reserve fund to enable a cash-in-lieu option for specific TDM measures. Staff recommended bylaw amendments that permit cash contributions to expand the TDM options for new developments as follows:Â
Transit Oriented Areas (TOAs) - Transit Passes: Include the provision for a cash contribution equivalent to a minimum provision of a 1-year 2-zone transit pass per dwelling unit. The Zoning Bylaw requirement and assigned monetary value for the provision of transit passes in TOAs meet Bill 16's criteria for TDM cash-in-lieu. The City would not be required to provide the transit passes if the developer opts to provide a cash-in-lieu. The funds collected must be used by the City for the capital costs of active transportation infrastructure. This includes, but is not limited to enhanced bicycle parking, sidewalks, shared pathways, and transit amenities.Â
City Wide: Establishing a TDM reserve fund will allow any voluntary monetary contributions, towards TDMs secured through a rezoning, that are acceptable to the City, to be deposited into the reserve fund. For example, fulfilling frontage upgrades as part of smaller developments sometimes presents challenges for developers. In such instances, the reserve fund will provide flexibility for the developer to provide a cash-in-lieu for these works. The City will then be able to use the funds in the reserve fund to make active transportation infrastructure improvements city-wide.Â
Additional information can be found in the full report by City staff.Â
