That with respect to Report C2019-0382, Recommendations 1, 3, and 4 be adopted:
1. That Council give three readings to Proposed Property Tax Bylaw 16M2019 (option 2 - Attachment 6) and proposed Rivers District Community Revitalization Levy Rate Bylaw 17M2019 (option 2 - Attachment 7)
3. That Council, with respect to the Minutes of the 2019 April 1 Strategic Meeting of Council, item #9.2.2, Report C2019-0352, DOWNTOWN TAX SHIFT RESPONSE – UPDATED, reconsider the following Gondek/Chu motion arising and Recommendation 4:
“That Council Direct Administration to develop criteria and process for a Residential Property Tax Rebate Program to a maximum of $70.9 million of one-time funding for 2019 ($44 million from the Fiscal Stability reserve, and $26.9 million from the 2017 and 2018 Phased Tax Program funding not required due to appeal resolutions), returning to the Priorities and Finance Committee on 14 May 2019.”
“4. Direct Administration to develop criteria and process for a Small Business Sustainment Grant to a maximum of $70.9 million of one-time funding ($44 million from the Fiscal Stability reserve, and $26.9 million from the 2017 and 2018 Phased Tax Program funding not required due to appeal resolutions), returning to the Priorities and Finance Committee on 14 May 2019.”
and replace it with the following:
Create a one-time Residential Property Tax Rebate Program for 2019 that appears as a line item on the tax bill, in the amount of $61 million of one-time funding ($34.1 million from the Fiscal Stability Reserve and $26.9 million from the Phased Tax Program funding not required due to appeal resolutions) to be distributed in a manner deemed most equitable by the Chief Financial Officer and;
4. Abandon Proposed Property Tax Bylaw 13M2019 (option 1 - Attachment 3) and proposed Rivers District Community Revitalization Levy Rate Bylaw 15M2019 (option 1 -Attachment 5)
RECORDED VOTE: