Amount:
No Fixed Amount
Type of Program:
Grant
Description:
This program allows the City to grant back to businesses all incremental increases in municipal property taxes resulting from new aerospace related development on Airport lands for up to 25 years.
Comments on Funding:
The City grants back to businesses all incremental increases in municipal property taxes resulting from new aerospace related development on Airport lands
The total amount granted back cannot exceed the total value of the eligible development work, including any new buildings or structures.
When It Ends:
Ongoing
Deadline:
December 31, 2030
Eligibility:
Applicants must:
Applications Steps:
Applicants must set up a pre-consultation meeting to be considered for a grant under this program.
Documentation Needed:
Applicants must:
- 1submit the completed application form;
- 2attach drawings if available/appropriate to support the development, improvements, studies, remediation or other works to be undertaken on subject property.
