Item No. 8.8
Committee Matters: SCM 18/2020
Subject: Downtown CIP Grant Applications made by St. Clair Rhodes Development Corp. for 119 Chatham Street and 149 Chatham Street East, Ward 3
- Moved by: Councillor Holt
- Seconded by: Councillor Morrison
Decision Number: DHSC 129
Decision Number: DHSC 129 I. THAT the request made by 2637283 Ontario Inc. (Owner) for the proposed development at 119 Chatham Street to participate in:
- a. the Building/Property Improvement Tax Increment Grant Program BE APPROVED for 100% of the municipal portion of the tax increment resulting from the proposed development for five (5) years in accordance with the Downtown Windsor Enhancement Strategy and Community Improvement Plan; and,
- b. the Commercial/Mixed Use Building Facade Improvement Grant Program BE APPROVED for a 50% matching grant to a maximum of $30,000 towards eligible costs pursuant to the Downtown Windsor Enhancement Strategy and Community Improvement Plan.
II. THAT the request made by St. Clair Rhodes Development Corp. (Owner) for the proposed development at 149 Chatham Street to participate in:
- a. the Building/Property Improvement Tax Increment Grant Program BE APPROVED for 100% of the municipal portion of the tax increment resulting from the proposed development for five (5) years in accordance with the Downtown Windsor Enhancement Strategy and Community Improvement Plan; and,
- b. the Commercial/Mixed Use Building Facade Improvement Grant Program BE APPROVED for a 50% matching grant to a maximum of $20,000 towards eligible costs pursuant to the Downtown Windsor Enhancement Strategy and Community Improvement Plan.
III. THAT Administration BE DIRECTED to prepare the agreements between the City and St. Clair Rhodes Development Corp. and 2637283 Ontario Inc. (Owners) to implement the Building/Property Improvement Tax Increment Grant Program in accordance with all applicable policies, requirements, and provisions contained within the Downtown Windsor Enhancement Strategy and Community Improvement Plan to the satisfaction of the City Planner as to content, the City Solicitor as to legal form, and the CFO/City Treasurer as to financial implications.