The request relates to the 108-year-old, category 2-listed building at 77 Stuart St, originally known as the John Chambers & Son building, which has a rateable value of $2.7million.
The top three floors of the building have recently been converted into 19 units of high-quality accommodation, now operating as the boutique Chamberson Hotel.
The building is also home to a new commercial office space, as well as the Cycle World retail outlet on the ground floor.
Nick James, one of the building's owners, told the Otago Daily Times the request reflected the money invested in redeveloping the old building.
A council staff report to next week's full council meeting noted a request for remission of $66,099 in development contributions had been received.
Such payments were usually required of developers to offset the cost of council infrastructure needed to cater for developments, but could be waived upon request.
The council report, to be considered next week, said existing rules required all remissions requests involving sums of over $50,000 to be considered by a hearing of the full council.
The report recommended delegating that authority to a hearings committee, headed by committee chairwoman Cr Kate Wilson, who would appoint a panel.
But it also noted more requests over the $50,000 threshold were likely to follow in future, as the value of development in Dunedin continued to increase.
It suggested lifting the $50,000 bar for future applications to a higher amount, and said a formal review would follow.
The matter will be considered by councillors at the next full council meeting on Tuesday.
