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Notice of Public Hearing - Sept 24 2018

Notice of Public Hearing to consider Official...

2018 Tax Sale

The District of Hope will be holding a Tax Sale...

2019 Grants in Aid

Applications for 2019 Grants in Aid will be...

Notice of Revitalization Tax Exemption Bylaw

 

Take Notice that the Council of the District of Hope proposes to adopt “District of Hope Revitalization Tax Exemption Bylaw No. 1353, 2014”.

The objectives of the Revitalization Tax Exemption Program (RTEP) are to:

  • encourage new investment in Hope’s industrial zones, commercial zones and downtown area;
  • encouraging new investment in these areas is intended to create economic activity in Hope that will provide jobs for local residents and will provide incentives for new residents to move to Hope;
  • provide municipal tax relief to property owners who undertake significant development within the revitalization areas.

Industrial Revitalization:  there is no minimum building permit value for new construction, and renovations or alterations must have a building permit value in excess of $50,000.

Commercial Revitalization:  the building permit value for new construction must be in excess of $400,000, renovations or alteration must have a building permit value in excess of $50,000, and façade improvements must be in excess of $10,000.

Downtown Revitalization:  the building permit value for new construction must be in excess of $400,000, renovations or alteration must have a building permit value in excess of $20,000, and façade improvements must be in excess of $10,000.

The amount of tax exemption for Industrial and Commercial Revitalizations will start at 100% and reduce down to 10% over seven (7) years and a Downtown Revitalization will start at 100% and reduce down to 10% over ten (10) years.  Tax exemptions are only provided on the increased assessed value of the land and improvements on the parcel, as determined by BC Assessment.

The time period for all projects must be dated after the effective date of the bylaw and prior to September 30, 2018.

A copy of the proposed bylaw is linked below and also available for inspection at the Municipal Office, 325 Wallace Street, Hope BC.

 

 

contact: 

All inquiries should be forwarded to John Fortoloczky, CAO, jfortolczky@hope.ca or by calling 604-869-5671.

Content Documents: 
Binary Data

I Want To...

Notice of Public Hearing - Sept 24 2018

Notice of Public Hearing to consider Official...

2018 Tax Sale

The District of Hope will be holding a Tax Sale...

2019 Grants in Aid

Applications for 2019 Grants in Aid will be...