The city’s finance and economic development committee has agreed to waive some development fees for three brownfield rehabilitation sites.
© Kane Van Ee
Ottawa City Hall
The committee voted on Tuesday morning to send the proposals to city council for final approval.
The grants go to developers who are building on land that is contaminated or occupied by vacant or derelict buildings. They are paid for through the increased property tax revenue received by the city, with revenue being used to determine the amount of the grant.
However the grants are only paid out after the development is completed.
The committee is supporting a grant of up to $1.8 million for Claridge Homes’ proposed development of a high-rise condo building and boutique hotel at the corner of Dalhousie and George streets.
Councillors voted to recommend that $819,060 in future development charges be waived for the development as well.
Members of the committee also recommended that council approve a maximum $3.2-million grant to the Cadillac Fairview Corporation for its planned expansion of the Rideau Centre. That recommendation includes support for waiving $3 million in future development charges.
Also backed is a proposed grant of up to $445,776 to Slater Street Inc. for its proposed 22-storey hotel and residential tower at 199 Slater St. The committee is recommending a maximum of $360,724 in future municipal development charges be waived for that project as well.
In a separate vote the committee recommended that city council approve a proposal to develop a “Sustainable Neighbourhood Action Plan” for the former Domtar lands.
The motion also calls for supporting an application by Windmill Development for funding from the Federation of Canadian Municipalities’ Green Building Fund for that project.