Construction project should be:
- a new development or expansion of an existing facility
- have a minimum of $25 million and a maximum of $500 million Canadian dollars in eligible capital costs
- employ over 250 personnel during construction or employ 15+ skilled workers (job that requires a degree, certificate, or trade credential)
- support natural resources extraction
- not be linear property as defined by the Municipal Government Act
- commence construction after this bylaw comes into effect.
Property requirements
To be considered for a Tax Incentive Agreement, the property or development project must fulfill the following requirements:
- be situated within the Tax Incentive Zone
- obtain all the necessary development approvals
- comply with all the terms of the development agreement and the Safety Code Act during the agreement period and not face any foreclosure or violation.
Applicant Requirements:
- must be the Assessed Person or have authorization from the Assessed Person
- must not have any outstanding debts or amounts owed to the Municipality
- should not be undergoing bankruptcy or receivership
- must adhere to the terms and conditions of any grant or other financial assistance received from the Municipality,
- should not be engaged in any legal disputes against the Municipality.