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

Let the Games begin!

Team Alberta takes home gold and silver in speed skating on day one

WATCH: Historic night in Red Deer as 2019 Canada Winter Games kicks off

Star-studded Opening Ceremony features athletes from across Canada

Athletes’ medals unveiled at the official kick-off of 2019 Canada Winter Games

Medals depict Central Alberta landscape and pay tribute to First Nations

WATCH: Canada Winter Games are finally here

Final leg of torch relay kicked off at Fort Normandeau

WCPS looks to its schools and communities for new mission, vision, values and beliefs

WCPS’s Board looks to students, and staff in advance of larger community engagement

Fashion Fridays: Up your beauty game

Kim XO, helps to keep you looking good on Fashion Fridays on the Black Press Media Network

Jason Kenney pledges education revamp if UCP wins power in Alberta

Kenney has said the full United Conservative platform will be rolled out during the campaign

Ontario police field complaints over Amber Alert for missing girl, 11, found dead

Some said the Amber Alert issued late Thursday for Riya Rajkumar disrupted their sleep

‘Mitts don’t just warm hands. They warm hearts’: Mitts for Many Program launches

Donate new or lightly used mittens to bin in the Great Hall of the Gary W. Harris Centre

LOCATED: Innisfail RCMP looking for missing woman

Amanda Kucher was last seen at the Innisfail 7-Eleven on Feb. 15

Red Deer RCMP arrest man after vehicle theft from dealership

Police were able to disable the SUV with assistance from the built-in vehicle assistance system

Red Deer College transforms into Athletes’ Village

Red Deer College’s campus will be home for the athletes during the 2019 Canada Winter Games

Alberta minor hockey team, slammed for Indigenous dance video, forfeits season

Parents say season was too dangerous to finish because the team has been threatened

Trump officially declares national emergency to build border wall

President plans to siphon billions from federal military construction and counterdrug efforts

Most Read