Title
APPROVAL OF A NEW COMMUNITY IMPROVEMENT PLAN
Councillor, S. Morales declared a potential pecuniary interest on the foregoing matter as he could be financially impacted in the future if property he owns were to qualify under the Community Improvement Plan. He did not participate or vote on the matter. He left his Chair at the Council table, but remained in the Council Chamber.
AMENDMENT #1
Moved by: Councillor, K. Aylwin
Seconded by: Deputy Mayor, B. Ward
That motion 19-G-367 of Section "D" of the General Committee Report dated December 10, 2019 concerning the Approval of a New Community Improvement Plan be amended by adding the following to Section 10.4.2 (page 28):
Add the words "to be considered for incentives in the third intake period each year" between the words "eligible" and "based".
LOST
AMENDMENT #2
Moved by: Councillor, K. Aylwin
Seconded by: Councillor, R. Thomson
That motion 19-G-367 of Section "D" of the General Committee Report dated December 10, 2019 concerning the Approval of a New Community Improvement Plan be amended by adding the following to Section 10.4.8:
Add the words "provided the units are offered and kept at a rate geared not to exceed 30% of gross annual household income for 60th income percentile households.", after the words "for the project" and before the sentence starting with "All projects are eligible".
CARRIED
AMENDMENT #3
That motion 19-G-367 of Section "D" of the General Committee Report dated December 10, 2019 concerning the Approval of a New Community Improvement Plan be amended by the following to Section 4.0 Definitions (pages 19 and 21):
After the paragraph "As such the City will use a modified definition of "affordable" for this CIP, as follows:
Replace the number "40" with "30" in Paragraph a) 1;
Replace the number "40" with "30" in Paragraph b) 1; and
Replace the number "40th" with "30th in the definition of "Low to Moderate Income" (page 20).
AMENDMENT TO AMENDMENT #3
Moved by: Coun...
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