TAMRMS#: B06
10.2
REQUEST FOR DECISION
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Bylaw 14/2025 - Business Improvement Area Budget 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 the proposed 2025 BIA Budget, as attached to the agenda report entitled "Business Improvement Area Budget & Tax Rate Bylaw" dated April 15, 2025, be approved.
2. That Bylaw 14/2025 be read a first time.
3. That Bylaw 14/2025 be read a second time.
4. That unanimous consent be given for consideration of third reading of Bylaw 14/2025.
5. That Bylaw 14/2025 be read a third time.
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SUMMARY
In accordance with the Business Improvement Area Regulation and Bylaw 21/2023 - Downtown Business Improvement Area Bylaw, the St. Albert Downtown Business Association (DBA) must submit their proposed budget for Council's approval.
The budget is used to establish a Business Improvement Area (BIA) Tax Rate Bylaw for a designated district of downtown St. Albert in the 2025 taxation year. The BIA budget is established by the SA-DBA Board of Directors and approved by St. Albert City Council.
Details of the initial (2024) tax year have been reported to St. Albert City Council, ratepayers, and businesses owners on the April 8th, at the Standing Committee of the Whole meeting.
ALIGNMENT TO COUNCIL DIRECTION OR MANDATORY STATUTORY PROVISION
The Business Improvement Area Regulation provides that:
11(1) A board must submit a proposed budget for each calendar year to the council for the council's approval.
(2) The proposed budget must be submitted at the time and in the form specified by council.
(3) The proposed budget must be a balanced budget and include
(a) the estimated amount of the board's revenue from every source, including the amount that the board will receive from the municipality in respect of the business improvement area tax, and
(b) the estimated amount of all operating and c...
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