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www.mapleridge.ca Maple Ridge Town Centre Investment Incentive Program 2015-2016 It’s time to invest in one of Canada’s best real estate markets.
Town Centre Investment Incentive Program 2015-2016 An Unparalleled Investment Opportunity Maple Ridge is forecast to double in population and jobs in the coming years, and the Town Centre
is where much of this growth is targeted to occur. In 2010, Maple Ridge launched the Town Centre Investment Incentive Program designed to attract investment to accelerate development
in the Town Centre. In its first four years (2011-2014), it has resulted in over $110 million in investments in 80 projects in the Town Centre. Due to the success of this incentive
program, it is being extended until the end of 2016. Qualifying projects include commercial and mixed-use developments including hotels, conference/meeting facilities, business centres,
office buildings, post-secondary and retail developments. Qualifying projects enjoy: • Building Permit Fee discounts • three years municipal tax exemption (with up to six years for
“green” projects) • a host of other benefits To qualify The project must be in the Town Centre Area with the building permit issued by December 30, 2016. PCommercial New Construction
PCommercial Renovation PCommercial Facade Improvement Tax Exemptions The basic municipal tax exemption applies for three years. “Green” projects may qualify for a total of six years.
To help achieve the maximum exemption, developers are encouraged to explore the programs and valuable resources offered by energy companies. Energy Companies Companies such as FortisBC
and BC Hydro have programs to assist with researching, designing, building and financing alternative energy-efficient systems. If you’d like to learn more about your options, we can
help you connect with the appropriate contacts and resources. They may be able to help you achieve the maximum tax exemption offered by the program. Brownfield Renewal Program Brownfields
are under-utilized or vacant commercial sites with actual or perceived contamination issues. These sites are often located in prime areas and have excellent redevelopment potential.
The Federation of Canadian Muncipalities’ Green Municipal Fund and BC Brownfield Renewal Program provide tools, resources and funding to help restore these sites for highvalue commercial
use. For More Information Application forms and details on the Town Centre Investment Incentive Program are available at investmapleridge.ca Call 604-467-7320 or e-mail invest@mapleridge.ca
for more information. An Exceptional Metro Vancouver Investment Opportunity Copyright Reserved. Further to AIBC Bylaw 28(3), all plans sketches, drawings, graphic representations and
specifications prepared by the architect are, and at all times remain the exclusive property of Wayne Stephen Bissky Architecture, Urban Design, Planning, and Interior Design and cannot
be used for any other ISSUED DRAWINGS Drawn Project ID Sheet Date: Scale PROPOSED Residential Development A7.5Perspective View Towards South East File name: 1237B A Sheets 2014-09-16.vwx
Issued for October ADP 14-9-18 2014, Date: 2014, October 9 Time: 8:48:05 AM TO SCALE WHEN PRINTED ON ARCH D (36" x 24") PRELIMINARY ONLY NOT FOR CONSTRUCTION DIMENSIONS AND SPACES ARE
NOT FINAL SUBJECT TO CHANGE Building 1, 2, ADP 14/MAY/5/13/13 Proposed mixed-use development Brown Avenue
Town Centre Investment Incentive Program 2015-2016 Town Centre Investment Incentive Program At-a-Glance Criteria: 1 Mixed-Use Buildings2 Commercial Site Prep Façade Improvements Building
permit must be issued by Friday, December 30, 2016 New Construction: (min. value of commercial portion $1M) New Construction: ≥$1,000,000 Renovation: ≥$20,000 On Council approval Renovation
to commercial façade ≥$10,000 Incentive Package 1 Partnering Incentive 3 25% of DCCs to a max. of $25,000 (or $37,5005) 25% of DCCs to a max. of $25,000 (or $37,5005) n/a n/a n/a Property
Tax Exemption 4 3 years 3 years 3 years (on renovation portion) 2 Min. $100,000 3 years 3 years (on renovation portion) 2 Min. $100,000 Additional Property Tax Exemption (“Green” Requirement)
5 Additional 3 years Additional 3 years Additional 3 years n/a n/a Building Permit Fee Discount 6 50% plus additional $6,000 50% plus additional $6,000 50% plus additional $1,200 50%
50% Reduced Parking Standards Sub Area 1 only Sub Area 1 only n/a n/a n/a Brownfield Support – tools, resources, potential grants Yes Yes n/a Yes n/a Building Height Flexibility Yes
Yes Yes n/a n/a Comprehensive Development Permit Guidelines Yes Yes Yes n/a Yes 7 Façade Improvement Program n/a n/a n/a n/a $25,000 + DMRBIA contribution 1. Must also comply with all
land use regulations; may require development variance applications; if a conflict exists between existing bylaws/regulations and this Program, the former will prevail. 2. Incentives
will be calculated on commercial floor space area only. 3. Fulfilment of agreed-upon Town Centre reasons and objectives as noted in Part 6 of the Maple Ridge Revitalization Tax Exemption
Program Bylaw No. 7010 -2013, to be negotiated on a project-by-project basis and subject to funding availability. 4. Property tax exemption from general municipal tax portion, on non-market
change in assessed value. 5. Enhanced level of incentives available for projects achieving LEED-Silver or better certification, or for those choosing energy that does not consume non-renewable
resources, and is not provided by BC Hydro, including solar, wind, water, geothermal, and biomass. 6. Building permit discount not to exceed total building permit fee. 7. Development
permit required for alterations ≥$25,000 if not consistent with DP guidelines.
Town Centre Investment Incentive Program Map Project Name: Town Centre Investment Incentives Program (TCIIP) District of Maple Ridge, 2011 Author: Laura Benson
tment Version Number: Issue Date: February 17, 2011 Document Status: DRAFT 1.4 13 For more information Application forms and details on the Town Centre Investment Incentive
Program 2015-2016 are available online investmapleridge.ca Call 604-467-7320 or e-mail invest@mapleridge.ca for more information. Town Centre Investment Incentive Program 2015-2016