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File #: 19-387    Version: 1 Name:
Type: Staff Report Status: Passed
File created: 8/8/2019 In control: Council
On agenda: 8/19/2019 Final action: 8/19/2019
Title: Revitalization Tax Exemption Bylaw Amendment
Attachments: 1. Bylaw 2970 - Revitalization Tax Exemption Amendment No. 2

REQUEST FOR DECISION

 

DATE:                       August 9, 2019                     Report No. FIN-19-013

TO:                       Laurie Hurst, Chief Administrative Officer                                           

FROM:                      Ian Irvine, Director of Financial Services

SUBJECT:

 

Title

Revitalization Tax Exemption Bylaw Amendment

End

 

RECOMMENDATION:

 

Recommendation

That Council gives first, second and third reading to Township of Esquimalt Revitalization Tax Exemption Bylaw, 2015, No. 2852, Amendment Bylaw [No.2], 2019, No. 2970.

Body

 

RELEVANT POLICY:

 

Township of Esquimalt Revitalization Tax Exemption Bylaw, 2015, No. 2852, as amended

 

STRATEGIC RELEVANCE:

 

Support revitalization and beautification initiatives along Esquimalt Road

 

BACKGROUND:

 

During its meeting on June 24, 2019, Council reviewed an application for a revitalization tax exemption.  During this review it was noted that while the project satisfied most of criteria within the Bylaw, it did not meet the requirement for completion within the specified 12 month window.

 

Council acknowledged the exception and decided to approve the application.  Council also directed staff to provide an amended bylaw which addresses the length of the existing project completion window.

 

 

ISSUES: 

 

1.  Rationale for Selected Option

 

Changing the time period for completion from 12 to 18 months will provide consistent alignment with the requirements under the building permit process.

 

2.  Organizational Implications

 

There are no organizational implications of this decision.

 

3.  Financial Implications

 

There are no financial implications of this decision.

 

4.  Sustainability & Environmental Implications

 

There are no sustainability or environmental implications of this decision.

 

5.  Communication & Engagement 

 

If approved, the amended Bylaw will be posted to the Township’s website for the public’s information.

 

ALTERNATIVES:

 

1. That Council gives first, second and third reading to Township of Esquimalt Revitalization Tax Exemption Bylaw, 2015, No. 2852, Amendment Bylaw [No.2], 2019, No. 2970.

 

2. That Council amend draft Bylaw No. 2970 and give first, second and third reading to the Bylaw as amended.

 

3. That Council defeat Bylaw No. 2970