REQUEST FOR DECISION
DATE: September 22, 2015 Report No. FIN-15-016
TO: Laurie Hurst, Chief Administrative Officer
FROM: Ian Irvine, Director of Financial Services
SUBJECT:
Title
2016 Permissive Tax Exemptions
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RECOMMENDATION:
Recommendation
That Council give first, second and third reading to the Tax Exemption (Non-Profit Organizations) Bylaw, 2015, No. 2857
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RELEVANT POLICY:
Council Policy FIN-16 Permissive Tax Exemptions
STRATEGIC RELEVANCE:
This decision does not relate to any specific strategic objective
BACKGROUND:
Section 224 of the Community Charter gives Council the authority to grant permissive assessment exemptions from property taxes for periods of up to 10 years. Council must pass a bylaw and, prior to adoption of the bylaw, notice of the proposed exemptions must be posted on the public notice board and advertised once each week for two consecutive weeks in a newspaper circulating within the municipality.
On September 17, 2015 the Local Grant Committee made recommendations, relating to 2016 permissive tax exemptions, for approval by Council. These recommendations have been incorporated into this new bylaw. Additionally, public notice of the intention to adopt these bylaws will be published in the Victoria News. A copy of this year's public notice is attached to Staff Report No. FIN-15-016 for your information. Once adopted, this bylaw must be provided to the BC Assessment Authority in advance of the November 6, 2015 deadline.
ISSUES:
1. Rationale for Selected Option
The following not-for-profit organizations made permissive tax exemption applications for the 2016 taxation year and the Committee has recommended the approval of their application for a one year exemption:
* Boys and Girls Club Services of Greater Victoria
* Island Community Mental Health Association (McCauley Lodge)
* City of Victoria (portion of Barnard Park off Sea Terrace)
* Compassionate Resource W...
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