Hope revitalization tax exemption bylaw to be updated

Proposed changes made to make bylaw easier to read and more accessible

Several updates are being proposed to make the revitalization tax exemption bylaw clearer and more accessible.

After further consultation, district staff have gone back to the drawing board and made changes to the bylaw which was originally adopted last November.

The bylaw allows council to enter into an agreement with property owners within the designated areas and upon issuance of an exemption certificate to the assessor, those improvements are exempt from a portion of municipal property value taxes for a period of seven to 10 years. The time period for all projects must be dated prior to Sept. 30, 2018.

“Council wants to encourage as much economic development as possible within the aims of the Official Community Plan,” said chief administrative officer John Fortoloczky. “The aims of the revitalization tax exemption program are to encourage industrial, commercial and downtown development and improvement.”

The new revised bylaw clearly defines the zoning where exemptions are applicable, the process of valuing improvements where permits are not required, and includes information regarding the exemption certificate so it better conforms to the Community Charter. The exemption agreement, which is separate from the bylaw, has also been improved to meet provincial and municipal requirements.

In addition, staff have proposed reducing the amounts required to qualify for both commercial and downtown revitalization of new construction to $400,000 from $500,000.

“We really want to attract new construction in those zones, so this is a bit of an added incentive,” said Fortoloczky.

“We’ve also made the document more clear, easier to read and the process easier to follow.”

Another addition to the bylaw is an application fee of $100 to cover the staff time required in the process to enact all of the agreements.

The revised revitalization tax exemption bylaw will be presented to council at the July 28 meeting for adoption.

Just Posted

Chilliwack prolific offender wanted yet again

B.C.-wide warrant issued for David Allen Geoghegan

One man, two women charged with stolen pickup downtown Chilliwack

None of the three have criminal history in B.C.

Chilliwack-Hope MP says new summer jobs grant application no longer includes ‘values test’

Those with anti-abortion beliefs left out last year because of requirement to respect the Charter

Agassiz Community Gardens hoping to find new home at old McCaffrey school

The society has been looking for a new location since its previous gardens were sold in October

RCMP asking for public input in upper Fraser Valley

Chilliwack, Agassiz, Harrison and Hope residents can share their thoughts on local policing

VIDEO: Students in MAGA hats mock Native American at Indigenous Peoples March

Diocese in Kentucky says it is investigating the matter, caught on video by onlookers

CONSUMER REPORT: What to buy each month in 2019 to save money

Resolve to buy all of the things you want and need, but pay less money for them

Want to avoid the speculation tax on your vacant home? Rent it out, Horgan says

Premier John Horgan and Sheila Malcolmson say speculation and vacancy tax addresses homelessness

UPDATE: B.C. woman and boy, 6, found safe, RCMP confirm

Roseanne Supernault says both she and her six-year-old nephew are fine and she has contacted police

PHOTOS: Women’s Marches take to the streets across B.C. and beyond

Women and allies marched worldwide protesting violence against women, calling for equality

VIDEO: Giants wrap southern swing with 6-4 win in Spokane

The Lower Mainland-based hockey team defeated the Chiefs Friday night.

Anxiety in Alaska as endless aftershocks rattle residents

Seismologists expect the temblors to continue for months, although the frequency has lessened

Women’s March returns across the U.S. amid shutdown and controversy

The original march in 2017, the day after President Donald Trump’s inauguration, drew hundreds of thousands of people

Federal Liberals announce former B.C. MLA as new candidate in byelection

Richard Lee will face off against federal NDP leader Jagmeet Singh

Most Read