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, wmmmNm-Wq NWT/Jon's Mia-aim fieldincentiveprogramoftheirownâ€"andit mmmflesaid’i‘icshavea tion.theBaueridtsandBarreiYardsproiect Chlvniclt Skiff can lead to numerous spin-off benefits such place in the redevelopment scheme of cities. â€" all accomplished without 'i'iGs. as construction jobs and development but added the time is not right for Waterloo Court Scott Wigner reminded Mavin that eveiopers in the City of Waterloo got dollars. to lmplmemonenow. many of those W5 were date during a D a boost Monday evening as poiiti- The agreement has a sunset clause and He said taking increases in tax revenue period when thevcity Waived its uptown » cians gave final approval to a com- expires in September 2018, Must it hexpect‘ out of city coffers limits the city‘s ability to development chargesto spur development. muniry improvement plan that includes a ed thetegonai Mt rail transitproiectwill be paydown its inhstructuredeficit. fund capi- . Coun. [eff Henry spoke in support ofthe brownfield redevelopment incentive. W ofanlnouitivetospurnewdevelop- toiprojeas, fund [Rimmd beprepared TiG program.butsaid overthentmfewyears Referred toasaTax increment Grant. or merit. StaffsdrnaaethereareahomZAcon- brotherfiscaipressuresinthefuture. theregionanditsmunicipaiitiesneedtoget TiG. the incentive plan is an annual grant taminated sites in Waterloo. mostly in the " 'You can‘t spend the same dollar twice.’ together to develop region-wide unantives equal to the difference between the taxes uptown coreandalongtherailllne. said Mavin. who spent eight years as CFO and plans in order to stop competing minst paid pre» and post-development. The value it could cost neady$7.5 mflion if 20 prop- from 2003 to 2011 and was also city treasurer each other and start competing against the ofthegrantissetbeforeconstructionbegins ertiesaretedevehpedulingfica . froml994t01997. restoftheworld. Brownfieids are lands contaminated by a Developers pay thecleanup costs up front He highlighted several large redevelop- “i‘ornow. this hnecessary to deal with the previous use. such as fonner gas stations then are reimbursed the difference in taxes ment projects in the citycore that have taken slow-downs we've seen," said Henry. “This is Adam Lauder. policy planner with the city. over a predetermined numberoi years. Once place over the past few years. including the an appropriate investment given the compe- said while some projects are bound to be the grant is repaid. the city receives the full Centre for international Governance innova- tition thatwebaveand the need we‘ve seen.” redeveloped with or without incentives. the value of property taxes from the develop- TiG program has six benefits for Waterloo. ment. The TiG leverages regional tax dollars Every TlG application must come to since 62 per cent of the funding comes from council for final approval. the upper-tier municipality, it's easier to fund “lowing a record your in 2010. building . _ than development exemptions. it can expe- permit activity in almost Ni sectors filled to dire development on contaminated proper- reach the 13-year average in son and 2012. . ties. it alleviates some of the risk for the Waterloo may experience easing construc- ‘ 5 development community. it enables Water- tion activityin futureyears. laudersaid. loo to remain competitive with Kitchener FontserChiei'F'inanciai Officer Bob Mavin S) i a t and Cambridge â€"â€" which both have a brown- spoke out against the plan during Monday _ A“ .1 , Region gets push back over cuts 1‘ l \l Li 5 , Eli DfiHjBT . i J .. kw... s Beraussr Mumv have long-term impacts on overyourspending’ _ ‘ .1. r!“ ~ For the amide future budgets. Cambridge Staff are investigating an , K ‘9“ I l ' mayor Doug Craig argued alternative hurtling scenario ‘ 1 x ‘ ~ 1 \t I . \ lie the region looks now is not the time for serv» for the regional transporta- ‘ ‘ f 1" “ ,r'ml,» W0 cut 58 million ice reductions to CRT tion master plan. which , "“4 from "52014 budg- routes inciudesthefundingsched ‘ .5: r'chtfqri I)“ -.. et. both councillors and the Increasing some wait ulefor lapidtransit. r g 3" - l i ' ' l" 1‘ ' ~’ " public are pushing back times and walking distances The report will come i _ r ,7 . against some suggested serv- to some stops would cut back to council at the Dec. - $29 l {f hi {i {if x “if? 2; ice reductions $83 1 .000 from the CRT i 1 budget meeting. The 1 During the region's first budget. But Craig took issue master plan suggests a 1.5 .1 '1) . .â€"i x , :'\ 3- F .7 ,. public input session last with reducing sewices to the per cent tax increase, with 4’ “'5 “' If * "‘1' " 1 week, delegates spoke on [1 routes that were already 1.2 per cent going to light } < V“ ‘ ~ t topics including cuts to dis meeting minimum targets. rail transit. but staff warned .] U S l 5‘. 2‘. § 5, W 3 i ‘ ‘ crctionary benefits, the “The routes are where any deferral ofthe increase police service budget and they ought tobeperforming. would have to be made up ;‘ 1‘2". ,1 , {l {a ($31,. the slashing ofans funding. and you are reducing serv- next year. ' A 1 3" ‘ I ‘ " ‘ ( ‘ [on Prospero. from Owl ice," hesaid. ”it's obvious to me the g .. - - (’hild (iare Services of Staff explained the routes whole regional transporta- E 5 I cl l l . ()ntano, made a plt'a to are next in the pecking order tion master plan. in these council to keep investing in and have to be cut to economic times. may need {1 (i [1 l 3' f l ii p . a l r the childcare fee subsidy. achieve the region's target to be looked at in terms of “ ’ J ‘ ‘ “' ‘ ' With tears in her eyes. for cost savings what we can afford.” Craig l’rospero told stories of Craig said that in his 13 said. “(Ian we dilute this pl US clients helped by the sub» years as mayor the only calls plan for a while and perhaps . - - . . sldy. about buses he gets are not have all the goodies we Cutting $7.5 million from complaints about my stops wantH'hls isa major hit.” the budget would put the In winter. and the lack offre- Chiefadrninistntor Mike region in line with the i9 quency Murray warned a deferral of per cent tax increase target But for Harald Drewitz the project could lose the theyset back in lune. from the Tax Watch Group. m the provincial or fed- ‘ Combined withthetarget the problem isn't (iRT. it's era] grants that will help '- for the police service budget rapid transit. fund the Lifi'proiect. of 0.9 per cent. the region is Drewitz suggested the tax Coun. Tom Galloway. looking at a total tax increase should be more in chair ofthe W commit- . increase of 2.8 per cent. line with inflation. ideally tee. said the W cuts that To hit the 'magic num- around Ll per cent. To raised the moat eyebrows her." staff proposed a $2.5 achieve that, he said the were predictable. especially ”WWW!!! million reduction in admin region should consider pow cuts to arts funding and the istrative costs, including porting the UTE reaction to service cuts to ' cuts to overtime and work ‘it seems as though every CRT. shops for staff. Staff also rec- area of the region is hurting "Staff have done a pretty ommended cutting $55 mil because of that." Dre-wit). good job of lookng across lion in services, which span said. “This regional govern all service areas to make most depanments. merit doesn't have a revenue sure that one department Kitchener mayor (Sari problem. it has a spending isn‘t being hit more than the . Zehr said cuts to the road problem. We are asking you others." he said after the revitalization reserve would to exhibit greater control meeting.