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.
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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