M.L. councillor candidates on residential growth and improvement
With Meadow Lake’s municipal elections coming up, meadowlakeNOW spoke with the councillor candidates to gather their thoughts on residential building and improvement in the city.
In an effort to encourage builders and developers in the city, council passed a tax abatement bylaw which covers an array of residential buildings.
The bylaw is a residential infill housing property tax incentive. City Manager Diana Burton said this only applies when an older house is demolished and replaced with a new house. In these cases, the property owners get a tax rebate of 100 per cent in the first year, 50 per cent in the second year, and 25 per cent in the third year.
“We also passed a bylaw that would provide the same rebate as the Residential Tax Incentive (100 per cent, 50 per cent, and 25 per cent) for government sponsored residential developments,” Burton explained. “The criteria are a minimum of 10 dwelling units and being part of a federal or provincial affordable housing program.”