Motion To: WHEREAS the report for the Brownfield Grant Program Application – 1545 Bank Street seeks approval of a Brownfield Rehabilitation Grant for the property at 1545 Bank Street; and WHEREAS the report was published missing the Financial Implications section; THEREFORE BE IT RESOLVED that the Finance and Economic Development Committee recommend Council add the following paragraph to the Financial Implications section of the report “The maximum grant under the 2015 Brownfield Redevelopment Community Improvement Plan Program is $161,345. In addition, the estimated Municipal Leadership Strategy contribution is $36,940, for a total requirement of $198,285. Budget authority requirements will be brought forward through the annual budget process. Development Charges of $143,290 are eligible for deferral under the Development Charge Deferral Program. Deferred DCs would be subject to interest.”

Yes
E. El-Chantiry
J. Watson
A. Hubley
G. Darouze
M. Luloff
L. Dudas
No
Absent/Recused
S. Moffatt (a)
S. Blais (a)
J. Harder (a)
J. Cloutier (a)
J. Sudds (a)
T. Tierney (a)
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Vote recorded from Finance and Economic Development Committee on 2020-03-09 regarding agenda item BROWNFIELD GRANT PROGRAM APPLICATION - 1545 BANK STREET.

Full meeting details.

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