Pursuant to Sections 94 and 227 of the Community Charter notice is hereby given that the Council of the District of Mission proposes to adopt District of Mission Downtown Incentive Program Amending Bylaw 5880-2019 at its Regular Council meeting on Monday, December 16, 2019 at 6:00 pm at Municipal Hall, 8645 Stave Lake Street, Mission, BC.
This Bylaw proposes to amend District of Mission Downtown Revitalization Tax Exemption Bylaw 5391-2013 by extending the program application date from December 31, 2019 to December 31, 2022.
The Tax Exemption Bylaw establishes a revitalization tax exemption program as part of the District’s Downtown Development Incentive Program.
Council’s objective in establishing the revitalization tax exemption program is to encourage the revitalization of downtown Mission through the encouragement of accelerated private investment in stand-alone or mixed commercial and residential new development and major redevelopment projects within the Mission City Downtown Action Plan area.
The intent of this bylaw is to extend this program until December 31, 2022 to encourage development or redevelopment within the downtown area that may not otherwise take place without this program. A map of the Downtown Incentive Program area is available below or for viewing at the Welton Common Building, 7337 Welton Street, Mission, BC.
Mission City Downtown Action Plan area map
The maximum term of the tax exemption is 10 years and applies only to municipal taxes and not school, hospital, library and other taxes normally found on the District’s tax notice. The tax exemption incentive must be applied for by December 31, 2022.
For further information contact:
Manager of Long Range Planning and Special Projects