Item No. 11.8
Council Report: S 175/2020
Subject: Downtown CIP Grant Applications made by 531 Pelissier Ltd. and 2695185 Ontario Ltd for 569 Pelissier St., 170 Wyandotte St., 0 Victoria Ave., Ward 3
Reference:
Date to Council: 12/14/2020Author: Laura Diotte, MCIP, RPP
Planner III - Special Projects
519-255-6543 ext. 6396
lbdiotte@citywindsor.ca
Planning & Building Services
Report Date: 11/25/2020
Clerk’s File #: SPL/13982
To : Mayor and Members of City Council
Recommendation:
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THAT the request made by 531 Pelissier Ltd. and 2695185 Ontario Ltd (Owners) for the proposed development at 569 Pelissier St., 170 Wyandotte St., 0 Victoria Ave. to participate in:
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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;
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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 an additional five (5) years as a Catalyst Project in accordance with the Downtown Windsor Enhancement Strategy and Community Improvement Plan;
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the New Residential Development Grant Program BE APPROVED for $50,000 towards eligible costs pursuant to the Downtown Windsor Enhancement Strategy and Community Improvement Plan.
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THAT Administration BE DIRECTED to prepare the agreements between the City and 531 Pelissier Ltd. and 2695185 Ontario Ltd (Owners) to implement the Building/Property Improvement Tax Increment Grant Program in accordance with