2011 Municipal Study - City of Brantford

Municipal Study 2011MunicipalityCornwallType ofProgramDowntown/Area Specific ProgramsDowntown/Area Specific ProgramsDowntown Revitalization - Cornwall Economic Development is akey partner in Centretown Cornwall, a three-year revitalization projectfocused on economic development, organizational development,physical improvements and marketing/promotions in Cornwall’s twotraditional commercial areas.GreaterSudburyCIPTaxIncrementalFinancingHeart of the City Community Improvement Plan (CIP) – The City ofCornwall offers financial incentive programs to assist commercialproperty owners to improve their properties. To date, the Heart of theCity CIP has generated several million dollars in private sectorinvestment.Designated a Community Improvement Area to allow the City toprovide a Tax Incremental Financing Scheme to support downtownredevelopment or rehabilitation. This is a 10-year program wherebythe maximum amount of the tax rebate shall not exceed theanticipated increase in municipal realty taxes as a direct result of theredevelopment. The rebate is on a declining basis whereby in year 1it is equal to 100% of the municipal realty increase, declining 10%each year. The total amount of the rebate shall not exceed the costsof the property’s rehabilitation.GuelphDCExemptionsParkingGrantElimination of development charges in the downtown corePermits the conversion of vacant commercial or retail space toresidential uses without the requirement of providing parking. Nozoning requirements for parking for commercial uses.Downtown Façade ImprovementEnvision Guelph – Downtown Secondary PlanHaltonAll of the local municipalities in Halton have active partnerships withDowntown Business Improvement Area Associations (BIA’s) tomaintain and improve Downtown areas. Burlington, Milton andOakville have specific urban areas designated as Urban GrowthCentres under the Provincial “Place to Grow” legislation and plans.Economic Development Programs369