TAMRMS#: B06
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Bylaw 12/2024 - Business Improvement Area Tax and Tax Rate Bylaw (1st, 2nd & 3rd Readings)
Presented by: Stephen Bannerman, City Assessor, Financial and Strategic Services
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RECOMMENDED MOTION(S)
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1. That Bylaw 12/2024 be read a first time.
2. That Bylaw 12/2024 be read a second time.
3. That unanimous consent be given for consideration of third reading of Bylaw 12/2024.
4. That Bylaw 12/2024 be read a third time.
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PURPOSE OF REPORT
To establish a Business Improvement Area (BIA) Tax Bylaw for a designated district of downtown St. Albert in the 2024 taxation year. To provide further details on the impact to business within the BIA. Provide tax payment information and deadlines.
To establish a Business Improvement Area (BIA)Tax Rate Bylaw for a designated district of downtown St. Albert in the 2024 taxation year. Setting the municipal business tax rates resulting from the 2024 approved downtown BIA budget established by the board of directors and approved by City Council on March 05, 2024.
BACKGROUND AND DISCUSSION
The 2022-2025 Council Strategic Plan outlines five key areas of focus and associated Strategic Priorities. Strategic Priority #2:
"They will foster a vibrant downtown, where people come to live, gather, celebrate, shop and do business. By supporting a variety of community events that help promote our heritage, arts and culture, Council will support downtown businesses and encourage the establishment of a Business Improvement Area."?
What is a BIA?
A Business Improvement Area (BIA) is a specific geographic area of the city in which businesses combine resources and work together, through a formal association, to enhance the economic development of their area.
In the St. Albert context, the establishment of a Downtown Business Improvement Area has involved several steps:
* On March 23, 2022, downtown businesses, commercial property owners, the Chamber of Commerce met with Mayor Heron and mem...
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