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MattersUtilities & InfrastructureFirst seen Feb 15, 2016

Island Corridor Foundation matters

Approved

The Island Corridor Foundation owns Langford’s railway right-of-way, and project reviews there can involve fees and crossing costs. The City approved a $50,000 payment, requested an annual review of the Foundation’s tax exemption and sought information on its revenues and governance.

Where it stands: Approved the payment and related requests Feb 15, 2016.

Timeline

Every time this matter appeared in council records, newest first.

  1. February 15, 2016· Council

    City approves $50,000 payment and seeks ICF reviews

    Council approved a $50,000 land assessment payment to the ICF, asked for a yearly review of permissive tax exemption, sent an AVICC resolution for a financial/governance review of ICF, and requested an ICF revenue summary.

    Decision: Approved payment of $50,000 to Island Corridor Foundation and directed annual permissive tax exemption review.

    Passed

    Decision: Sent resolution to AVICC requesting financial and governance review of the ICF and alternatives.

    Passed

    Decision: Directed staff to request a summary of ICF revenues and fee structure.

    Passed

    Documents