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AEM,
}

THE CORPORATION OF THE CITY UF PORT COQUITLAM

MEM O
B. Kirk, DATE: July 14, 1987
City Administrator.
FROM: Administration Committee

SUBJECT: Applications for Tax Exemption

RECOMMENDATION:

That the City not grant tax relief to PoCo Happy Times Preschool.

BACKGROUND .& COMMENTS :

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—e ——o

As Council will recall the 8.C. Agsessment Authority determined that, effective
in 1987, School Board property which in the past had always been tax exempt would
be taxable when it is leased to other parties. As a result, some groups which
had previously not been charged property taxes were charged for the first time

this year.

Council has the authority under section 400 of the Municipal Act to exempt these
properties from taxation, to do so requires a by-law passed with a two-thirds
majority. It is not possible at this time to pass 4 by~Law exempting for 1987,
to be effective a by~law to exempt for 1988 taxes must be passed by the end of

August 1987.

gs a copy ef an application for exemption received from PoCo Happy Times
Preschool as well as ccepies of a report sent toa Council last year when this first
The amount of property taxes levied in 1987 on the PoCo Happy Times was.
just over $86.00 (our share $42.00) and on Simon Fraser Society $2,438.00 (our

share $1,172.00).

Attached i

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3. Maitiand

JM/ms
Attachment