Monday, September 20, 2021

City Council to consider Five year Tax Exemption for new Lax Kw'alaams Community Hall at tonight's Council session

With renovations complete, the new Lax Kw'alaams community
facility has started its operations. Tonight Prince Rupert
City Council will consider a five year tax exemption as part of
the City's downtown development incentive plans

The newest community space in the downtown area will be the topic of discussion for Prince Rupert City Council tonight, as the topic of providing Tax Exempt status for five years for the Lax Kw'alaams Hall on Third Avenue West comes up for discussion.

In a report for Council to be reviewed tonight, Corinne Bomben, the Chief Financial Officer for the City outlines the nature of the Tax Exemption Policy related to the City's desire to incentivize development in the downtown core area and how the Lax Kw'alaams Facility falls under those guidelines.

The full overview of her report and the Agreement between Lax Kw'alaams Holdings and the City of Prince Rupert can be reviewed from the City's Agenda Package for tonights session starting on Page 32 .

More on the city's incentive plans towards downtown development can be found form out notes of February 5th.

Other elements of the city's financial themes can be reviewed from our archive page here.

A wider overview of tonight's Council Session can be examined from our Council Preview page.

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