The City of Vancouver has completed an audit into special breaks awarded to developers who build rental-only buildings.
The review, which looks at Development Cost Levies — known as DCLs — looked at the city’s books going back to 2009.
The move came after Global News uncovered an improper DCL worth $1.5-million, awarded to developer Onni Group for The Charleson, a mixed condo and rental project in downtown Vancouver.
The award was the second largest waiver ever given under the city’s Rental 100 program.
At the time, the city admitted it had mishandled the money and said it was an honest mistake.
Now, the city says its internal audit found that all 29 other projects projects awarded the break met the criteria for a DCL waiver, saying the waiver related to the Charleston Project was an exception.
Recommendations from the report include that all DCL waivers be reviewed by management for accuracy and proper documentation, and establishing a business process for management review of how DCL waivers are calculated.