Proposed RTE Bylaws Presented to Council
January 25, 2022 - Eric Beach, the City's Planning and Development Supervisor, provided Council with recommendations for four revitalization tax exemption (RTE) Bylaws. In January 2020, Council directed staff to establish an RTE Engagement Group to explore opportunities to further expand the criteria for RTE bylaws and to carry out a comprehensive review of the existing RTE bylaws. The group has met seven times since September 2020 and discussed multiple topics and concepts concerning RTEs.
Council authorized RTE bylaws relating to the following to be introduced and read:
- City Centre
- The North Shore
- Hotels and Motels
- Commercial Daycare Facilities
For the City Centre RTE Bylaw, Council also authorized an amendment to decrease the geographical scope of the proposed RTE area removing properties north of Lorne Street and east of 10th Street.
These four RTE Bylaws will be considered for adoption, following public input, at the February 15, 2022 Council meeting. Current City Centre Revitalization Tax Exemption Bylaw No. 22-4-5 and North Shore Revitalization Tax Exemption Bylaw No. 22-4-2 will be repealed upon adoption of the new bylaws.
View the report and proposed bylaws (attachments to the report) presented at the January 25 Council meeting in the Document Library section of this web page.
The Revitalization Tax Exemption Review Project was completed on July 19, 2022, after Council adopted the final of four new/revised RTE bylaws.