Tax exemption offered for revitalization

Council passed the first, second and third reading of a revitalization tax exemption bylaw, aimed at

Council passed the first, second and third reading of a revitalization tax exemption bylaw, aimed at encouraging property owners to improve the appearance of their buildings in the downtown core of Lake Cowichan.

The tax exemption is equivalent to 100 per cent of the municipal property tax payable on the amount change (non-market change) attributed to a given improvement project. Property owners interested in participating in the program must apply for a tax exemption certificate from the town; for the exemption to commence in a given year, the owner must submit an application by July 1 of the preceding year.

The bylaw states that the town “has made significant investments in the community over the last several years, in keeping with council’s vision to create a vibrant and dynamic community. An incentive program has been established to encourage accelerated private sector investment in residential and commercial projects to help achieve council’s vision.” This revitalization tax exemption is one element of that initiative.

At council, chief administrative officer Joseph Fernandez acknowledged that this is not the first time the town has tried something like this. “There was a similar tax exemption program that passed a number of years ago. It did not have any takers,” he said.

One possible reason cited for this was a lack of advertising. Earlier this month at the town’s finance and administration committee meeting, councillors suggested sending out information about the incentive to all property owners in the eligible area. Information will also be distributed to relevant property owners when applying for building permits.

Just Posted

Andrea Rondeau column: Cannabis legalization requires some common sense

I’ve never smoked anything, and have no intention to start with marijuana.

Sarah Simpson column: Got it, got it, need it, got it…

Duncan youth seeking hockey card trading partners

T.W. Paterson column: Finding B.C.’s most beautiful park was easier than protecting it

Over the years I’ve seen acts of destruction that required hard effort, sometimes even ingenuity.

Cannabis shops still in limbo in Cowichan Valley

Future uncertain as marijuana becomes legal

DCS Chargers play to sixth at B.C. Christian soccer tourney

Coaches proud of team’s performance in Langley

Coming up in Cowichan: Pair of Mill Bay Marine Rescue Society fundraisers

Fall Fishing Derby will benefit Mill Bay Marine Search and Rescue Mill… Continue reading

Cowichan Coffee Time

Chain of Love and Lake to Lake Walk

2018 municipal election: Few surprises on Vancouver Island

16 incumbent mayors will continue in their positions for four more years

Prank pizzas delivered to B.C. mayor on election night

The fake orders happened throughout Victoria mayor’s re-election campaign

MLA to become Nanaimo’s next mayor, could weaken NDP’s grasp on power

Leonard Krog’s win will trigger a byelection when he gives up his provincial seat

Horvat nets OT winner as Canucks beat Bruins 2-1

Young Vancouver star had spirited scrap earlier in contest

Team Canada gold medal winners for first time in world curling championship

Team Canada earned gold in Kelowna at the 2018 Winn Rentals World Mixed Curling Championship

B.C. passenger caught smoking weed in a car issued $230 fine

Saanich police did a field sobriety test on the driver and deemed it safe for him to drive

Most Read