City of Cambridge – Tax Increment Grant Program

Description:

The TIG Program provides tax grants to help property owners with the remediation and redevelopment of contaminated sites. This program provides a grant equal to the full amount, or a portion of the amount, of the property tax increase after a property is redeveloped and reassessed. The City uses the difference in taxes between the pre-remediated and redeveloped site to provide a grant to the applicant for some costs related to environmental remediation.

Comments on Funding:

Funding is a grant equal up to 100% of the Cambridge and Regional tax portion of property taxes per year for a maximum of ten years or the total cost of remediating the land and buildings minus the total of all grants, loans and other tax assistance provided, whichever occurs first.

The City uses the difference in taxes between the pre-remediated and redeveloped site to provide a grant to the applicant for some costs related to environmental remediation.

Eligibility:

Brownfield sites must meet the following eligibility criteria:

  • The site must be located within the City of Cambridge;
  • The applicant must be the registered owner of the site or the assignee of the owner and must demonstrate clear title and responsibility for the land at the time the TIG is approved by the City of Cambridge Council and Regional Council;
  • The applicant cannot be responsible for causing the on-site contamination that requires remediation;
  • The remediation and redevelopment undertaken must result in a minimum increased property assessment value of $100,000;
  • The Phase One and Phase Two Environmental Site Assessments (ESA) must be completed by a “Qualified Person” as defined by Ontario Regulation 153/042, as amended, before a TIG application can be submitted;
  • Redevelopment plans must meet all approved policy and should comply, where feasible and appropriate, with applicable design guidelines;
  • The site must not be in a position of tax arrears or have any other outstanding municipal financial obligations; and
  • Application for a Tax Increment Grant must be made prior to the issuance of a building permit(s) for the redevelopment;
  • Only brownfield sites that have been remediated and redeveloped are eligible to receive TIG funding.

Applications Steps:

Applicants:

Documentation Needed:

Applicants must submit:

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    1. 2 copies of the completed Application Package and all supporting documentation (one each to the City and Region);
    2. a letter of intent;
    3. copies of the completed Phase One and Phase Two Environmental Site Assessments (ESAs) and a Remedial Work Plan containing cost estimates. Ensure that all ESAs, other studies and the Remedial Action Plan have been prepared
      by a “Qualified Person” as defined by Ontario Regulation 153/04, as amended. Ensure that the name and contact information of the Qualified Person is included on any documentation provided.
    4. Planning Applications and concept plans for redevelopment.

    Upon completion of the remediation work, the Applicant files a Record of Site Condition with the Ministry of the Environment. The Applicant then provides 2 copies of the RSC and MOE acknowledgement to the City of Cambridge (these must be submitted prior to commencing any development or redevelopment).
    Once the development is complete, the property will be assessed by MPAC. The property owner will be issued a new tax notice based on the postremediation and redevelopment assessment value. Applicant forwards the post-remediation and redevelopment assessment to the City of Cambridge Financial Services Division.

    Other Things To Note:

    Contact the Senior Planner, Reurbanization for more information.

    The tax increment grant was reduced by 10 per cent (from 110% to 100%) to match the region’s program. (https://www.cambridgetoday.ca/local-news/city-revising-its-brownfield-remediation-incentives-3815928)

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