DocumentsBylawSep 20, 2021Page 170
BYLAW NO. 2002 — City of Langford Partnering Tax Exemption Bylaw No. 2002 (Background Report Attached)
Bylaw No. 2002 proposing a partnering tax exemption framework for eligible organizations, with background report attached and readings proposed.
Key facts
- Bylaw No.: 2002; subject: Partnering Tax Exemption
- Appears on agenda page 170
- Listed for first, second and third readings in the agenda package
BYLAW NO. 2002 — City of Langford Partnering Tax Exemption Bylaw No. 2002 (Background Report Attached)
2nd Floor · 877 Goldstream Avenue · Langford, BC Canada · V9B 2X8
T · 250-478-7882 F · 250-478-7864
Staff Report
to
Council
Date:
September 20, 2021
Department:
Finance
Subject:
City of Langford Partnering Tax Exemption Bylaw No. 2002
Background
The City of Langford entered into a partnering agreement (CON19-0075) with Boulderhouse Climbing Inc and Langford Climbing Inc for the service of providing an indoor and outdoor climbing facility and hosting national and international climbing competitions in the City of Langford. Section 11 of the Partnering Agreement reads:
Permissive Tax Exemption
Council of the City, in its sole discretion, may adopt a bylaw authorizing the tax exemption set out herein in accordance with the requirements for adoption set out in the Community Charter (British Columbia) if an established and significant provincial or national climbing organization locates and trains within the Climbing Facility. The proposed exemption would exempt the interest of LCI and Boulderhouse in the Leased Land, for a period determined by Council, from payment of 100% of the municipal property taxes in respect of the Leased Land that would otherwise be applicable to and payable in respect of the Leased Land under the Community Charter (British Columbia), subject to the following conditions:
Page 170 of 180