The planned development is expected to generate $181,464.93 per year in property taxes, and the City is granting 75% of those taxes for two years; the City will continue to receive the increase in property tax, compared to when the land was vacant, in the future. The grant is to encourage better design which decreases costs on municipal services.
Council Approves Scoring Criteria for West Harbour Pier 8 Sale
Staff who created the formula says it will ensure community feedback requesting a priority on the design and community benefits of the proposals is given more weight than just the financial offer to the City.
Council Passes New Proceeds of Land Sales Policy
The origin of the policy was a debate to use the sale of excess land to fund new affordable housing. The City is looking to sale under-utilized assets in order to build more affordable housing.
Council Spends Over An Hour Debating Provincial Bill 148 – Minimum Wage Increase
After debating provincial legislation and policy for over an hour, Council narrowed their discussions to the area of their jurisdiction; how the labour code changes will impact the City of Hamilton as an employer and the City budget in 2018.
LiUNA and Hi-Rise Release Planning Application for 43 – 51 King Street East (Kresge Site)
The proposal is for two tall buildings of 25 and 34 storeys, with podium ranging from 3 to 6 stories. The podium will serve to house parking, in addition to two below grade levels of parking, and ground level commercial.
Hamilton Port Authority and Council Building Relationships
The truce between the Port and City is holding, and peace reigns between the historically adversarial bodies as Port CEO answers questions on Randle Reef, city zoning jurisdiction, dust from grain, and truck traffic among the issues.
Hamilton Receiving $33-mil from Feds and Prov Clean Water and Wastewater Fund
The City is receiving $32,918,072 from the Province and Federal governments for improvements to the City’s water distribution and treatment infrastructure. The City is planning 16 projects totaling $43,890,763, meaning the funds from higher levels of government account for 75% of the budget.
Union Gas Wants to Expand to Sheffield, Seeks City Contribution
Council votes to support Union Gas expansion to rural Flamborough hamlet of Sheffield. Union Gas, if they receive approvals and provincial grant, expects to complete expansion in 2019.
Province Plans to Further Clampdown on Pay Day Loans, Gov. Cheque Cashers, and Rent-to-Owns
Province posts planned regulations to clamp down on pay day loans and other high-interest Alt-Loans. Public comment period until August 21st.
Hamilton Design Review Panel to Discuss Kresge and Sonoma 71 Rebecca Developments
Development proposals for the former Kresge site at 43 – 51 King Street East, and a proposal for 71 Rebecca Street will be considered by the Design Review Panel.