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Council Report: S 190/2019

Subject: Brownfield Redevelopment Community Improvement Plan (CIP) application submitted by 2605385 Ontario Inc. for 1200 University Avenue West (Ward 3)

Reference:

To: Mayor and Members of City Council

Recommendation:

I. THAT the request made by 2605385 Ontario Inc. on behalf of the property owner (i.e. AIPL Canada Holdings Inc.) to participate in the Brownfield Tax Assistance Program BE APPROVED for the proposed remediation and redevelopment at 1200 University Avenue West for up to 3 years pursuant to the City of Windsor Brownfield Redevelopment Community Improvement Plan; and,

II. THAT the request made by 2605385 Ontario Inc. on behalf of the property owner (i.e. AIPL Canada Holdings Inc.) to participate in the Brownfield Rehabilitation Grant Program BE APPROVED for 70% of the municipal portion of the tax increment resulting from the proposed redevelopment at 1200 University Avenue West for up to 10 years or until 100% of the eligible costs are repaid pursuant to the City of Windsor Brownfield Redevelopment Community Improvement Plan; and,

III. THAT, Administration BE DIRECTED to prepare a tax cancellation by-law to implement the Brownfield Tax Assistance Program in accordance with the Municipal Act and that the draft tax cancellation by-law and appropriate information and material be sent to the Provincial Government for approval and request matching education property tax assistance for 1200 University Avenue West in accordance with the Provincial Brownfield Financial Tax Incentive Program; and,