• IV. THAT the City Solicitor BE DIRECTED to register the certificate in the land registry office against the property;

• V. THAT the request for incentives under the Sandwich Incentive Program made by the registered owner (1603965 Ontario Ltd.), of the property located at 3311 Peter Street, BE APPROVED for the following programs:

  1. Development and Building Fees Grant for 100% of the Development and Building Fees identified in the Sandwich CIP (+/-$11,823.00);

  2. Revitalization Grant Program for 70% of the municipal portion of the tax increment for up to 10 years (+/-$1,561.00 per year);

• VI. THAT the CAO and City Clerk BE AUTHORIZED to sign the Sandwich Incentive Program Agreement for the Revitalization Grant in accordance with all applicable policies, requirements, and provisions contained within the Olde Sandwich Towne 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 implication;

• VII. THAT grants approved SHALL LAPSE if the applicant has not completed the work and fulfilled the conditions within 2 years of the approval date.

Executive Summary:

N/A

Background:

On January 26, 2009, City Council passed by-laws to establish the Sandwich Heritage Conservation District Plan (By-law 22-2009), Olde Sandwich Towne Community Improvement Plan (By-law 27-2009), and Supplemental Development and Urban Design Guidelines (By-law 28-2009). These By-laws came into effect on October 18, 2012. One of the key recommendations of the Olde Sandwich Towne Community Improvement Plan (Sandwich CIP) is the implementation of the Incentive Program(s).

On June 17, 2013 through M265-2013 Council activated the following Incentive Programs from the Sandwich Incentive Program:

1. Commercial/Mixed Use Building Facade Grant Program

2. Revitalization Grant Program

3. Commercial Core Feasibility Grant Program

4. Development Charge Grant Program

5. Development and Building fees Grant Program

6. Neighbourhood Residential Rehabilitation Grant Program.