Consideration of New Permissive Tax Exemptions
As recorded: " Consideration of New Permissive Tax Exemptions"
Motion
"That Council: 1. Award a Permissive Tax Exemption for the 2024 taxation year to the Boys and Girls Club Central Vancouver Island, for the portion of the property that it leases at 1985 Boxwood Road. 2. Award a Permissive Tax Exemption Cash Grant for the 2023 taxation year to the Boys and Girls Club Central Vancouver Island, for the portion of the property that it leases at 1985 Boxwood Road, to a maximum of $5,000, to be funded from the existing $5,000 cash grants operating budget."
Sources
Agenda itemCity agenda
Staff reportPage 1
Purpose
To review the Permissive Tax Exemption application received from the Boys and Girls Club Central Vancouver Island.
Staff recommendation
That the Finance and Audit Committee recommend that Council: 1. Award a Permissive Tax Exemption for the 2024 taxation year to the Boys and Girls Club Central Vancouver Island, for the portion of the property that it leases at 1985 Boxwood Road. 2. Award a Permissive Tax Exemption Cash Grant for the 2023 taxation year to the Boys and Girls Club Central Vancouver Island, for the portion of the property that it leases at 1985 Boxwood Road, to a maximum of $5,000, to be funded from the existing $5,000 cash grants operating budget.
DocumentsStaff report about Economic Development