ADMINISTRATIVE REPORT Date: December 1, 1995 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 $2,793.43 as set out in this report; source of funds to be Contingency Reserve. 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 1995 Assessment Roll in accordance with Sections 396(1)(c) and 397(1) of the Vancouver Charter. The following organizations have requested grants: Vancouver Chinese Baptist Church $ 336.93 Vancouver Yuan Yung Buddhism Centre Society 2,232.55 Parish of St. Margaret 223.95 $ 2,793.43 The 1995 Other Grants Budget is fully expended at this time. The source of funds for these grants, if approved, is to be the Contingency Reserve. Appendix A sets out details of each request. * * * * * APPENDIX A 1. VANCOUVER CHINESE BAPTIST CHURCH 7392 Culloden Street Lot 24, Block 23, D.L. 200, Plan 7942 Purchased July 28, 1994, and used for Sunday School classes and fellowship meetings. The B.C. Assessment Authority granted exemption for the 1995 roll under Section 396(i)(c)(iv) of the Vancouver Charter. This grant is for the period July 28, 1994 to December 31st, 1994. $336.93 2. VANCOUVER Yuan Yung Buddhism Centre Society 3642 Kingsway Lot A, Block 13, Plan 2731, D.L. 36 & 49 Exc Plan 6044 Purchased July 1994, renovations completed and operations underway by November 3, 1994. This Society also carries out religious activities at 3894 Commercial Street and this second property was acquired as a further place of worship. The B.C. Assessment Authority granted exemption for the 1995 roll under Section 396(i)(c)(iv) of the Vancouver Charter. This grant is for the period November 3, 1994 to December 31, 1994. $2,232.55 3. PARISH OF ST. MARGARET 1530 - 1538 East 22nd Avenue Lot B, Block 6 W Pt, D.L. 352, Plan 219 Construction of this new facility began in August, 1994 after fire destroyed the previous church building in 1982. The first building inspection is recorded as September 8, 1994. The B.C. Assessment Authority granted exemption for the church portion for the 1995 roll under Section 396(i)(c)(iv) of the Vancouver Charter. This grant is for the period September 8, 1994 to December 31, 1994. $223.95 * * * * *