17 Jun 2024 Council meeting Economy

Downtown Revitalization Tax Exemption Program

Motions decided by one vote
That “Revitalization Tax Exemption Bylaw (Downtown) 2024 No. 7384” (a bylaw to establish a revitalization tax exemption program for the downtown for a five- year period) pass first reading.
That “Revitalization Tax Exemption Bylaw (Downtown) 2024 No. 7384” pass second reading.
That “Revitalization Tax Exemption Bylaw (Downtown) 2024 No. 7384” pass third reading.
The City’s vote record words it differently
It was moved and seconded that “Revitalization Tax Exemption Bylaw (Downtown) 2024 No. 7384” (a bylaw to establish a revitalization tax exemption program for the downtown for a five-year period) pass first, second and third reading.
Sources
Agenda itemCity agenda
Staff reportPage 1
Purpose
To present Council with a new Revitalization Tax Exemption Bylaw for the Downtown.
Staff recommendation
1. That “Revitalization Tax Exemption Bylaw (Downtown) 2024 No. 7384” (a bylaw to establish a revitalization tax exemption program for the downtown for a five-year period) pass first reading; 2. That “Revitalization Tax Exemption Bylaw (Downtown) 2024 No. 7384” pass second reading; and 3. That “Revitalization Tax Exemption Bylaw (Downtown) 2024 No. 7384” pass third reading.
DocumentsStaff report about Economic Development