Friday, January 15, 2016

Funds returned to ease tax load

by Richard Rolke - Vernon Morning Star posted Jan 15, 2016 at 1:00 AM
Vernon taxpayers could get some cash back in their pocket. The city will receive $232,734 from the dissolution of the former North Okanagan Regional Hospital District and council has directed staff to return that to residents by reducing the city’s 2016 tax requisition. “It belongs to the taxpayer. That’s where it came from,” said Coun. Bob Spiers, who lobbied to have the money given back to residents instead of putting it into general revenue. The return of the funds will be detailed in the 2016 tax notices.
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Actual Resolution passed unanimously:
THAT Council directs Administration to apply Vernon’s share ($232,734.64) of proceeds arising through dissolution of the North Okanagan Regional Hospital District to the 2016 tax requisition for the North Okanagan/Columbia Shuswap Regional Hospital District, effectively returning the proceeds ($232,734.64) in their entirety to the current property taxpayer by reducing the 2016 tax requisition payable;
AND FURTHER, that Council direct the Administration to note the return of the proceeds to the property taxpayer on
the 2016 tax notice or supplementary information included with the 2016 tax notice.
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Affordable housing supported
The City of Vernon is handing out a number of grants for affordable housing projects. The Vernon Native Housing Society will receive a rental housing grant of $31,346 to offset development cost charges for its 10-unit project on Alexis Park Drive. There will also be a $15,244 rental housing grant to the Schubert Centre Society to offset DCCs for three rental units on 35th Street. N&T Properties will receive a rental housing grant of $129,000 for a mixed-use complex, including 86 residential units, on 48th Avenue. There is also a $63,000 rental housing grant for Belmonte Apartments and Rickford Apartments for proposed 42 residents units on 27th Avenue.

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