HomeMy WebLinkAboutFIN-19-032 - Downtown Kitchener BIA and Belmont BIA 2019 BudgetsREPORT TO:Committee of the Whole
DATE OF MEETING:April 29, 2019
SUBMITTED BY:Saleh Saleh, Director of Revenue,519-741-2200 x 7346
PREPARED BY:John Sonser, Revenue Analyst, 519-741-2200 x 7954
WARD (S) INVOLVED:Ward(s) 8 & 10
DATE OF REPORT:April 4, 2019
REPORT NO.:FIN-19-032
SUBJECT:Downtown Kitchener BIA and Belmont BIA 2019 Budgets
Referenced in the 2019 Tax Rate By-law
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RECOMMENDATION:
That the 2019 Budgets for the Downtown Kitchener BIA and the Belmont BIA be approved
pursuant to Section 205 (2) of the Municipal Act, 2001
BACKGROUND:
Section 205 (2) of the Act states that the board of management shall submit the budget to council
by the date and in the form required by themunicipality and the municipality may approve it in
whole or in part but may not add expenditures to it.
REPORT:
The Downtown Kitchener BIA 2019 Budget Levy Request is $1,379,000, approved by the Board
October 16, 2018 (refer to Appendix A Downtown Kitchener Business Improvement Area).
The Belmont BIA 2019 Budget Levy Request is $40,671, approved by the Board March 14, 2019
(refer to Appendix B Belmont Business Improvement Area)
ALIGNMENT WITH CITY OF KITCHENER STRATEGIC PLAN:
The recommendation
through the delivery of core service.
***This information is available in accessible formats upon request. ***
Please call 519-741-2345 or TTY 1-866-969-9994for assistance.
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FINANCIAL IMPLICATIONS:
The 2019 BIA levy, once approved, will be used to determine BIA tax rates to be incorporated
into the 2019 tax rate By-law
COMMUNITY ENGAGEMENT:
INFORM
council / committee meeting.
ACKNOWLEDGED BY: Jonathan Lautenbach, Chief Financial Officer, Financial Services
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Appendix A
DOWNTOWN KITCHENER BUSINESS IMPROVEMENT AREA
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Appendix B
BELMONT BUSINESS IMPROVEMENT AREA
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