Council inches closer to tax incentive decision
When it comes to attracting new and updated builds in Meadow Lake, mayor and council are hoping some incentives will encourage people to live and work in the city. While they haven’t made final decision on the matter, they’ve come one step closer.
Council had extensive discussion on incentives for residential, commercial, and industrial spaces at their regular meeting on Monday, Aug. 27. They originally brought up the topic in April, and took time since to reflect on it since.
The ultimate purpose of the discussion is to give city administration guidance on how to draft a proposed bylaw, which will be brought to the council table at the next meeting on Sept. 10.
The current idea is to give a three-year incentive to updated and infill residential spaces at 100, 75 and 50 per cent respectively.