Minutes
City Council
Monday, May 25, 2020

Report Number: C 87/2020

Clerk's File: MH/13786

11.2. 2020 Tax Policy Decisions and the Establishment of the 2020 Final Property Tax Rates - City Wide

Moved by: Councillor Gignac

Seconded by: Councillor Holt

Decision Number: CR266/2020

That City Council RECEIVE the information contained in the 2020 Tax Policy Report; and,

That City Council APPROVE the following Tax Policy Principles which have been used to calculate the 2020 Final property tax rates:

  1. That the Optional Tax Classes of office building, shopping center, parking lot/vacant land, and large industrial CONTINUE to be used in the establishment of annual property tax rates.

  2. That tax reductions for the first and second sub-classes of farmland awaiting development BE RECONFIRMED at their present level of 65% and 30% respectively.

  3. That Administration RETAIN a blended rate of 30% as the discount on excess commercial and vacant and excess industrial land.

  4. That the Municipality SET the threshold on the tax level for eligible new construction at 100%; and,

That City Council APPROVE the 2020 Total Tax Rates as presented in Table 1; and,

That City Council APPROVE the tax collection dates as presented in Table 2; and,

That City Council MAINTAIN the prescribed maximum rate for late payment charges as follows:

That the City Solicitor BE AUTHORIZED to prepare the necessary by-laws.
Carried.

Report Number: C 44/2020

Clerk’s File: MH/13786 & AFB/13467

11.3. 2020 Business Improvement Area Budget and Levy Approvals - Wards 2,3,4,5 7 6

Moved by: Councillor Bortolin

Seconded by: Councillor Holt