Three RTE Bylaws Adopted

February 15, 2022 - Council adopted the following three revitalization tax exemption bylaws:

  • City Centre Revitalization Tax Exemption Bylaw
  • The North Shore Revitalization Tax Exemption Bylaw
  • Commercial Daycare Facilities Revitalization Tax Exemption Bylaw

The newly adopted City Centre and North Shore RTE bylaws will replace the previous City Centre Revitalization Tax Exemption Bylaw No. 22-4-5 and North Shore Revitalization Tax Exemption Bylaw No. 22-4-2, which will be repealed.

A fourth proposed RTE bylaw for hotel and motel redevelopment was also considered for adoption. Council opted to rescind third reading in order for staff to present an amended bylaw at a future Council meeting with changes to include stand alone hotel and motel redevelopment along with defined areas for the RTE to be in effect.

Watch the February 15 Council Meeting here.

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The Revitalization Tax Exemption Review Project was completed on July 19, 2022, after Council adopted the final of four new/revised RTE bylaws.