Tax break may be possible in Rimbey

Rimbey developers who agree to build spec homes on their property could receive a tax break for up to a year.

Rimbey developers who agree to build spec homes on their property could receive a tax break for up to a year, once an agreement now being implemented is fine-tuned.

At its regular meeting, Monday, council agreed to work with a lawyer to draft an agreement which will allow residential spec built homes to remain at the bare land tax rate for the duration of one year from the time that construction is complete.

The reduced rate will be available for one year and a minimum of two spec homes and a maximum of five must be competed to participate in the program.

Construction must not take longer than one year.

Interim CAO for the town, Donna Tona said such an agreement, which would align with the municipal government act will help attract additional residential development within the Town of Rimbey.

While council gave the thumbs up to the agreement, Coun. Paul Payson had some concerns.

“Is there any way it is unfair that a spec home should get a tax break?” he questioned. “I’m not saying no, don’t make this happen,” he added.

However, Mayor Rick Pankiw said he did not believe the proposed tax break to be unfair.

Council agreed to direct administration to work with Richard S. Gregory, the town’s lawyer to complete the agreement for the tax relief program.





Just Posted

Fatality near Rimbey

Collision still under investigation

UPDATE: Motorist dies near Ponoka after loose tire collides with vehicle

Ponoka RCMP seek assistance in locating vehicle belonging to the tire

Six horses stolen from Winfield area

RCMP seek public’s help in missing horses investigation

Almost 100 kgs of suspected cocaine seized at Coutts border crossing

84 bricks of suspected cocaine seized from California residents’ vehicle; largest recorded seizure.

Good response to kids and drugs program

Substance abuse prevention program held

Google searches suggest 2017 a tough year

What were Canadians were curious about: Google searches suggest 2017 a tough year

Democrat wins stunning red-state Alabama Senate upset

Democrat Doug Jones wins stunning red-state Alabama Senate upset against Roy Moore

New fighter-jet competition to have national ‘economic interest’ requirement

Trudeau government wants to replace Canada’s aging CF-18s with 88 new fighters by as early as 2025

The top-binged shows on Netflix in 2017

Which show did you cheat on your spouse with by watching ahead?

2017 word of the year: Feminism

Merriam-Webster’s word of the year for 2017: ‘Feminism’

200 Russians to compete in Olympics as neutrals

The Russian Olympic Committee expects 200 to compete in South Korea

Researchers claim the ‘man flu’ does exist

Review of scientific studies suggests ‘man flu’ may be more intense: researcher

Trudeau appoints Supreme Court chief justice

Prime Minister Trudeau appoints Richard Wagner as Supreme Court chief justice

Most Read