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

Massive fire destroys Agassiz dairy barn

Reports say at least one cow died in the blaze

First court date in Chilliwack for man accused of murdering Belgian tourist

Family and friends of Sean McKenzie, 27, filled the gallery for brief court appearance Wednesday

Another successful year for Chilliwack’s ‘We Got Your Back’ backpack program

Sponsored by local businesses, program stocks backpacks with school supplies for students in need

Group forms in Hope to respond to homelessness, trauma and addictions

Homelessness Action Response Table (HART) full of local, regional, provincial movers and shakers

B.C. man facing first-degree murder charge in death of Belgian tourist

Amelie Sakkalis’ body was found on Aug. 22 near Boston Bar

Watch out for Pavement Patty: Drivers warned outside B.C. elementary school

New survey reveals unsafe school zones during 2018 back-to-school week

‘Like an Alfred Hitchcock movie’: Birds fall dead from the sky in B.C. city

Raptor expert says he’s never seen it happen anywhere in the Lower Mainland

Canada signs global pact to help rid world’s oceans of abandoned fishing gear

The federal Fisheries Minister says it’s a ‘critical issue’

GOP pushing forward for Kavanaugh, accuser wants ‘fairness’

Kavanaugh has denied al allegations of sexual misconduct

Lower Mainland woman sets Grouse Grind record

Madison Sands sets a new best time on Vancouver’s fitness landmark

Tent city campers now allowed to stay in B.C. provincial park

Contrary to earlier reports, Ministry of Environment says there is no deadline for campers to leave Greater Victoria camp site

Bus company vies to replace Greyhound in Kamloops to Vancouver, Kelowna

Alberta-based Ebus applies to the Passenger Transportation Board to replace Greyhound

Former VP of lululemon joins B.C. cannabis cultivation facility

Kerry Biggs will be the Chief Financial Officer of True Leaf, in Lumby

Could cannabis help keep people in B.C. on treatment for opioid addiction?

People on opioid agonist treatment face lower risks of overdosing, BC Centre on Substance Use says

Most Read