In a report to Council, City staff outlined the benefits of such a bylaw explaining that revitalization tax exemption bylaws are useful tools for Councils to encourage community development that meet its goals and objectives. The report encouraged Council to consider the full implications of utilizing such a tool in a broader context, balancing the promotion of new businesses with fairness and equality for existing businesses.
Mayor Raven optimistically commented on the proposed revitalization bylaw stating “Council is keen to move forward with this bylaw that will assist economic development and create a positive environment for developing business within the City of Revelstoke.”
Revitalization tax exemption bylaws are intended to accomplish Council’s objectives by providing property tax relief assistance to property owners who undertake developments within the City.
Staff presented Council with a number of factors to contemplate while developing the revitalization bylaw including that the proposed bylaw may be based on a geographical area, or a particular use or even a particular type of building. The complete report was presented to Council on January 28, 2014 along with backup information and may be found on the City of Revelstoke website revelstoke.ca Section 9e.
For Further Information Contact;
David Raven, Mayor, 250-837-2911