TOWN OF ASQUITH, SASKATCHEWAN

NEW RESIDENTIAL

INCENTIVE GUIDELINE POLICY

1. TAX CONCESSION APPLICATIONS:

a)      The Town will not assess new home construction in the year that

construction begins.

b)      The Town will not assess a new RTM home or a home deemed eligible by Council in the year that the home is moved into the municipality.

c)      The Town will provide a tax concession on the municipal tax levy as follows:

·         100% off of municipal tax levy 1st year

·         75% off of municipal tax levy 2nd year

·         50% off of municipal tax levy 3rd year

2. CONDITION FOR RESIDENTIAL INCENTIVE:

a)      This policy applies to the applicant of the building permit and is non-transferable.

b)      The incentive will be based on the date of occupancy which must be within two (2) years of the date of issuance of the building permit or moving permit for the owner to qualify.

c)      Occupancy is established when the owner activates their Town utility account for billing.

3. IMPLEMENTATION OF RESIDENTIAL INCENTIVE:

a)      Once conditions are met, a request in writing must be made to the Council of the Town of Asquith.

b)      The above are guidelines for incentives and shall be authorized and implemented by resolution at the discretion of Council of the Town of Asquith for each incentive granted.

Policy effective: December 10, 2014