TAMRMS#: B06
7.1
REQUEST FOR DECISION
title
Standing Committee of the Whole Item: Consideration of Approval of Lakeview Acceleration Program
Presented by: Mike Erickson, Director, Economic Development
label
RECOMMENDED MOTION
recommendation
That the Lakeview Business District Development Acceleration Program be approved, to be funded through a $1.27 million annual transfer of assessment growth to begin in 2025; and commit this annual transfer in the Growth Stabilization Reserve until a balance of $8 million is reached.
body
SUMMARY
The purpose of this report is to formally advise Council of a motion passed by Standing Committee of the Whole arising from an item on the agenda of April 8, 2025 meeting of the Committee.
body
Report Date: April 15, 2025
Standing Committee of the Whole