A19


                             ADMINISTRATIVE REPORT


                                                   Date:  November 26, 1996


   TO:        Vancouver City Council

   FROM:      Director of Finance

   SUBJECT:   Grants-in-Lieu of City's General Purposes Taxes


   RECOMMENDATION

        THAT Council approve the grants-in-lieu of taxes for general
        purposes amounting to $3,537.86 as set out in this report, source
        of funds to be Contingency Reserve.


   GENERAL MANAGER'S COMMENTS

        The General Manager of Corporate Services submits the foregoing for
        CONSIDERATION.


   COUNCIL POLICY

   On August 4, 1960, City Council approved recommendations to provide for
   the technicality that properties cannot be exempted from the current
   year's Assessment Roll and are, therefore, legally taxed.  The grant
   would cover the period from the first building inspection, or the period
   from proof of occupancy, to the dates the properties become exempt.  The
   maximum period covered by a grant is limited to two (2) years. 
   Authority for tax exemption is provided under sections 396(1)(c) and
   397(1) of the Vancouver Charter. 

   Approval of the grant recommendation requires 8 affirmative votes.  

   DISCUSSION

   Requests for grants-in-lieu of property taxes are received by the
   Property Tax Office (and the B.C. Assessment Authority) from the various
   organizations throughout the year.  These requests are held until the
   Area Assessor for Vancouver has verified they will be shown as exempt on
   the 1996 Assessment Roll in accordance with Sections 396(1)(c) and
   397(1) of the Vancouver Charter.  The following organization has
   requested a grant: 






   Korean Society of British Columbia for Fraternity and Culture
   Korean Senior Citizens' Society                                $3,537.86

   The 1996 Other Grants Budget is fully expended at this time.  The source
   of funds for this grant, if approved, is to be the Contingency Reserve. 

   Appendix A sets out details of the request.


                           *     *     *     *     *
                                                                 APPENDIX A
                                                                Page 1 of 1




   1. Korean Society of British Columbia for Fraternity and Culture
      Korean Senior Citizens' Society


   1320 East Hastings Street
   Lot 2 and w 5Ft of 3 of 11 Blk B Dl 182 Plan 186

   This community facility for Korean citizens has been in operation for 5
   years but did not apply for this grant until June 26, 1995.  The B.C.
   Assessment Authority granted exemption for the 1996 roll under Section
   396(1) c (i) of the Vancouver Charter.  This grant is for the period
   June 27, 1995 to December 31, 1995.

                                                                  $3,537.86