Comments on Funding:
Funding will take the form of a five year grant, the amount of which is subject to Council approval, in an amount not exceeding the increase in municipal realty taxes as a direct result of the development/redevelopment of land and/or building.
The grant which may be approved by Council shall be an amount which does not exceed 75% of the municipal realty tax increase during the first five (5) years following which the building has been officially certified under the LEED rating system by the Canadian Green Building Council (CaGBC).
have paid in full each year their realty taxes and must be in compliance with the City’s by-laws and policies before any grant is provided to the applicant for a property for which a satisfactory grant application has been received;
enter into an Agreement with the City of Hamilton that sets out the conditions of the annual grant.
Applicants must submit:
- a completed application form;
- action or business plan and /or other consultant reports and/or work plan/budget that provides estimates of the costs to achieve LEED certification.
Other Things To Note:
For further details please contact Phil Caldwell, Senior Project Manager, Urban Renewal at 905-546-2424 ext. 2359 or at email@example.com .