What happened

Town Council Approves Lease for Metis Association and Industrial Park Tax Exemption

Quick view

The Town of Princeton Council approved a lease for the Vermilion Forks Metis Association to use the former Chamber of Commerce building for the next five years. The lease includes an option for the Metis Association to renew for another five years. The Council also approved a property tax exemption for two of the Metis Association's buildings in the Industrial Park, but rejected the exemption for a third building due to concerns about the timeline for completing construction. The exemption is conditional on the Metis Association meeting certain requirements, including obtaining an occupancy permit and creating 45 employment positions. The Council also received updates on the 2020 Annual Water Quality Report and the 2021 2nd Quarter Financial Update.
FACT · Decisions / recommendations

What was decided (or proposed)

  • passed — 2021 Vermilion Forks Metis Association Lease: Council approved the lease for the Vermilion Forks Metis Association to use the former Chamber of Commerce building for the next five years, with an option to renew for another five years. [7]
  • passed — 2021 Industrial Park Revitalization Tax Exemption Petition: Council approved a property tax exemption for two of the Metis Association's buildings in the Industrial Park, but rejected the exemption for a third building due to concerns about the timeline for completing construction. [5]
  • recommended — 2020 Annual Water Quality Report: Council received the 2020 Annual Water Quality Report for information and authorized staff to post it on the Town's website. [4]
  • recommended — 2021 2nd Quarter Financial Update: Council received the 2021 2nd Quarter Financial Update for information only. [6]
FACT · Next

What comes next

  • The Town of Princeton Council will continue to monitor the progress of the Metis Association's projects and ensure that the conditions of the property tax exemption are met.
FACT · Delegations

Who spoke

  • Vermilion Forks Metis Association — approval of lease for the former Chamber of Commerce building and property tax exemption for two of their buildings in the Industrial Park
CONTEXT · Who may be affected

Stakes & interests

Metis Association Lease

The lease will provide the Metis Association with a stable location for their operations and will help to promote economic development in the area.

Industrial Park Tax Exemption

The exemption will help to attract businesses to the Industrial Park and will provide a tax break for the Metis Association, which will help to stimulate economic growth in the area.

FACT · By item

Item notes

Every business item from the published agenda is listed here. Full agenda.

6.1 2020 Annual Water Quality Report

The report shows that the Town's water quality meets provincial standards. [4]

“The report notes that the comprehensive analysis for minerals was not completed in time to be included in the report. [4]”

6.2 2021 Vermilion Forks Metis Association Lease

The lease includes an option for the Metis Association to renew for another five years. [7]

“The lease, as attached, has been negotiated with the Metis Association for their use of the property for the next five years with an option to them for another five years. [7]”

6.3 2021 2nd Quarter Financial Update

The update shows that the Town's finances are on track to meet budgeted amounts. [6]

“The Town's total operational expenditure until June 30 is $3,797,651.48, representing 49.8% of budgeted amounts. [6]”

6.4 2021 Industrial Park Revitalization Tax Exemption Petition

The exemption is conditional on the Metis Association meeting certain requirements. [5]

“The exemption is conditional on the Metis Association meeting the following conditions: An occupancy permit is applied for and issued for the current building permits issued on 261 & 269 David Brown Way by October 15, 2021. [5]”

8.1 Union of BC Municipalities (UBCM) - Active Transportation Planning Program

Union of BC Municipalities (UBCM) - Active Transportation Planning Program ($19,500) [9]

8.2 Ministry of Municipal Affairs-Investing in Canada Infrastructure Program (ICIP)-Community, Culture and Recreation Program-Princeton Health, Wellness and Aquatic Centre

Ministry of Municipal Affairs-Investing in Canada Infrastructure Program (ICIP)-Community, Culture and Recreation Program-Princeton Health, Wellness and Aquatic Centre [8]

8.3 Langley City

Langley City [13]

8.4 Environmental Protection Division

Environmental Protection Division — items 8.1 to 8.4 be received and filed. [10]

“THAT items 8.1 to 8.4 be received and filed. [10]”

Open questions

  • What are the potential risks and benefits of the Metis Association's projects in the Industrial Park?

Sources

  1. CivicWeb meeting
  2. Agenda document
  3. YouTube recording
  4. 2020 Annual Water Report
  5. 2021 Industrial Park Revitalization Tax Exemption Petition 2
  6. 2021 Quarter 2 Financial Update
  7. 2021 VFMA Lease
  8. 267835_Town of Princeton_CCR2 Unfunded Letter_Redacted
  9. Active Transportation Planning Program-Approval_Redacted
  10. Anticoagulant Rodenticides
  11. BS
  12. Budget
  13. DOCSLANG-#178661-v1-LETTER_-_Request_for_Improvement_to_Pre_Hospital_Care_System_Redacted
  14. Lease Agreement
  15. PL
  16. Princeton_Revitalization_exemption_Redacted
  17. Water Quality Report 2020
  18. Regular Agenda - 19 Jul 2021 - Minutes - Pdf
  19. Special Meeting Agenda - 03 Aug 2021 - Minutes - Pdf

Generated 2026-08-22T03:21:42.118390+00:00 · model llama3.1:8b

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Brief 598 · 2021-08-16