No Fixed Amount
Type of Program:
The Brownfields Rehabilitation Grant Program provides funding to help pay for remediation costs not fully disbursed by the Brownfields Tax Assistance program and non-environmental rehabilitation costs normally associated with brownfield site redevelopment.
Comments on Funding:
Funding is an annual grant equal to 70% of the City property tax increase for up to ten (10) years.
The annual grant amount increases to 100% of the City property tax increase for any building project that achieves certification under the Leadership in Energy and Environmental Design (LEED) Program.
If a building(s) erected on a property participating in this program is demolished before the grant period expires, the remainder of the monies to be paid out under the grant shall be forfeited.
When It Ends:
Applicants must submit:
a grant application to the City prior to the start of any rehabilitation works to which the grant will apply;
a Phase II ESA, Remedial Work Plan or Risk Assessment Plan prepared by a qualified person, if the application includes costs for environmental remediation.
All applicants participating in this program will be required to enter into an agreement with the City which will specify the terms of the grant. All Rehabilitation Grant Program applications and agreements must be approved by City Council or City Council’s designate.
Applicants must submit:
- 1their application. Such application shall include reports, plans, estimates, contracts and other details as may be required to satisfy the City with respect to the eligible costs and conformity of the project with the CIP;
- 2a Phase II ESA, Remedial Work Plan or Risk Assessment Plan (if the case) prepared by a qualified person that contains:
- 3a Business Plan, with said Plan to the City’s satisfaction, if required;
- 4submit to the City proof that the RSC has been acknowledged by the Ministry of Environment (MOE). The owner shall file in the Environmental Site Registry a RSC for the property signed by a qualified person.
The property shall be rehabilitated such that the amount of work undertaken is sufficient to at a minimum result in an increase in the assessed value of the property.
Other Things to Note:
- 1No deadlines found. For further information on this program, please contact Greg Atkinson, Senior Planner, Planning Department at (519) 255-6543 ext 6582 or via e-mail at firstname.lastname@example.org .
- 2This program is part of the Brownfield Redevelopment Community Improvement Plan.
- 3The owner of a brownfield may be a person, company, or organization, or the municipal, provincial or federal government. Besides, buying a brownfield and rehabilitating it might be of interest entrepreneurs.