Williams Lake is developing a tax exemption for its central industrial zone for new developments or additions to existing developments. City of Williams Lake file image

Williams Lake creates tax exemption for central industrial zone revitalization

Williams Lake has drafted a revitalization tax exemption for the city’s central industrial zone.

During its regular meeting Tuesday, council received a report and the draft bylaw.

“There’s a whole list of criteria that has to be met, such as creating jobs, it’s not automatic,” said Mayor Walt Cobb, noting it will be similar to the tax exemption already in place for the city’s north industrial zone.

“It’s only for additions, it’s not for something that’s already there,” Cobb explained. “If you have a million dollar asset, and you put a half a million dollar addition on it, you only get an exemption on the increased value.”

In March, council and staff received a letter on behalf of Tolko Industries Ltd. requesting council consider a revitalization tax exemption program for its Lakeview Sawmill on Hodgson Road that was destroyed by a fire in November.

Read more: Tolko commits to rebuild fire-damaged sawmill

As it considered Tolko’s request, council decided the bylaw should include all industrial-zone properties M-1 and M-2 zones on the west side of Williams Lake Creek.

The maximum term for a tax exemption certificate for the lands will be five years, but it isn’t automatically for five years, Coun. Craig Smith said.

“It will be on a sliding scale,” he added.


Like us on Facebook and follow us on Twitter

Just Posted

Riske Creek residents forming fire department

McLeese Lake and West Fraser volunteer fire departments have already donated safety clothing and gear

Williams Lake aiming for better accessibility with several city-owned buildings

The move comes after an inspection report by the Rick Hansen Foundation

Blue skies greet Cariboo Chilcotin residents on Family Day

Both indoor and outdoor activities available for those interested

Trudeau’s principal secretary, Gerald Butts, resigns amid SNC-Lavalin furor

Butts categorically denies the accusation that he or anyone else in the PMO improperly pressured former attorney general Jody Wilson-Raybould

Lost a ring? This B.C. man will find it for you

Chris Turner founded The Ring Finders, an international directory of metal detector hobbyists

Poverty coalition has high hopes for B.C. poverty reduction strategy

Funding allocation expected to be released with 2019 budget

‘How did we get here?’: B.C. mom of transplant recipient worries about measles outbreaks

Addison, 7, cannot get a live vaccine because she has a heart transplant

NDP Leader Jagmeet Singh calls for public inquiry over SNC-Lavalin questions

Vancouver member of Parliament Jody Wilson-Raybould resigned from cabinet last week

Canadian airlines waiting for guidance from Ottawa over X gender option

Major U.S. airlines said they will change their process so passengers can identify themselves along non-binary lines

Moose Hide campaign takes message to Canadian schools

Campaign launches new K-12 education platform

UPDATED: ‘Violent’ B.C. man back in custody after Alberta arrest

Prince George man with ties to Vernon was being sought by police

Homicide police investigate assault turned deadly in Surrey

60-year-old man died at hospital after assault

Most Read