• IV. THAT Administration BE DIRECTED to prepare an agreement between the City and 5021089 Ontario Inc (Owner) 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;

• V. THAT the CAO and City Clerk BE AUTHORIZED to sign the Grant Agreements;

• VI. THAT the grant under the New Residential Development Grant Program for 477 Pelissier Street BE PAID to 5021089 Ontario Inc upon completion of the seven (7) new residential units as shown on Appendix B to Report S /2020 within one (1) year of Council approval subject to the satisfaction of the City Planner and Chief Building Official. Grant funds to come from the City Centre Community Development Planning Fund (Project #7011022).

• VII. THAT should the proposed development not be completed in one (1) year, City Council AUTHORIZE that the funds be uncommitted and made available for other applications; and,

• VIII. THAT the City Planner BE DELEGATED authority to approve the Site Plan Control application for 477 Pelissier Street.

Executive Summary:

N/A

Background:

The Downtown Windsor Enhancement Strategy and Community Improvement Plan (Downtown CIP) was adopted by City Council on September 29, 2017 and an adopting by-law was passed by City Council on October 16, 2017.

The Downtown CIP provides financial incentives to encourage new residential development, retail investment, facade improvements, and building/property improvements.

5021089 Ontario Inc submitted a Downtown CIP grant application under the Building/Property Improvement Tax Increment Grant Program and New Residential Development Grant Program for the proposal at 477 Pelissier Street (property location shown in Appendix A). The applicant proposes to convert the existing vacant building to seven (7) new residential units and one (1) office unit. The owner also proposes facade improvements to the building as part of the development. Appendix B contains existing photographs of the property and the proposed facade improvements.

Applicant Information:

477 Pelissier Street Owner: 5021089 Ontario Inc