Regional Municipality of Wood Buffalo

Report

Downtown Revitalization Incentives Program 2022 - 2023

Information

Department:Planning and DevelopmentSponsors:
Category:Report

Attachments

  1. Printout
  2. 1. Downtown Revitalization Incentives Program Phase 2 Policy (FIN-320) (This file has not yet been converted to a viewable format)
  3. 2. Downtown Revitalization Incentive Program Policy FIN-320 (redline) (This file has not yet been converted to a viewable format)
  4. 3. Downtown Revitalization Incentives Program Update Report (April 2022)
  5. Downtown Revitalization Incentives Program Presentation

Body

1.                  THAT Council approve the allocation of up to $3,710,000 from the Emerging Issues Reserve to fund the outstanding Phase 2 Downtown Revitalization Incentives Program Policy (FIN-320) applications.

2.                  THAT Council approve the amended Downtown Revitalization Incentives Program Policy (FIN-320), as outlined in Attachment 1, and extend the Program to new applications, commencing May 16, 2022, through to April 30, 2023.

 

Meeting History

Apr 26, 2022 6:00 PM  Council Meeting

Exit and Return

Councillor K. McGrath exited the meeting at 9:04 p.m. and returned at 9:40 p.m.

Councillor K. Cardinal exited the meeting at 9:06 p.m. and returned at 9:19 p.m.

Pecuniary Interest

Councillor S. Wigle declared a pecuniary interest due to an involvement in the program and exited the meeting at 9:07 p.m.

Brad McMurdo, Director and Jennifer Wardle, Planner, Planning and Development, provided an overview of the Downtown Revitalization Incentives Program, noting that to date 221 applications have been received, and if all applications are approved there will be a funding shortfall of approximately 3.7 million dollars. It was further noted that the request for extension, will be to offer a continuation of the current program.

Michael Durocher, Mr. Mikes Steakhouse, spoke in support of the Downtown Revitalization Incentives Program.

Jason Vargo, Vargo Investments Ltd., spoke in support of the Downtown Revitalization Incentives Program

Magda Marais, M Triple M - Commercial Property Owners, spoke in support of the Downtown Revitalization Incentives Program.

RESULT:CARRIED [UNANIMOUS]
MOVER:Funky Banjoko, Councillor
SECONDER:Jane Stroud, Councillor
FOR:Sandy Bowman, Ken Ball, Funky Banjoko, Lance Bussieres, Kendrick Cardinal, Shafiq Dogar, Allan Grandison, Keith McGrath, Jane Stroud, Loretta Waquan, Stu Wigle