City of Langford Revitalization Tax Exemption for Industrial Development Bylaw No. 2006, 2021, Amendment No. 2, Bylaw No. 2240, 2025

City of Langford Revitalization Tax Exemption for Industrial Development Bylaw No. 2006, 2021, Amendment No. 2, Bylaw No. 2240, 2025

BYLAW NO. 2240

A BYLAW TO AMEND “CITY OF LANGFORD REVITALIZATION TAX EXEMPTIONS FOR INDUSTRIAL DEVELOPMENT BYLAW NO. 2006, 2021”

WHEREAS the Council of the City of Langford adopted the City of Langford Revitalization Tax Exemptions for Industrial Development Bylaw No. 2006, 2021, on October 18, 2021, and amended that bylaw by adopting Bylaw No. 2208 on October 21, 2024 (together, the “Bylaw”);

AND WHEREAS the legal parcels to which the exemptions established under the Bylaw applied have been subdivided since adoption of the original bylaw and amendment;

AND WHEREAS British Columbia Assessment Authority has advised that it has encountered difficulties in applying the tax exemption established by the Bylaw to the subdivided parcels; and

AND WHEREAS the City wishes to amend the Bylaw to clarify the application of the tax exemption without altering the extent or term of the tax exemption;

NOW THEREFORE, the Council of the City of Langford, in open meeting assembled, hereby enacts as follows:

1. The Bylaw is amended as follows: a) By deleting section 1 and replacing it with:

2. This bylaw and the program which it establishes applies only to those portions of the parcels within the Revitalization Area identified on the map and table attached as Schedule “A” to this bylaw, and any subsequent parcels that may be created because of subdivision of those parcels. b) By amending section 2 and adding the following after (c): (d) “Revitalization Area” means the area identified on the map attached as Schedule “A” to this bylaw. c) By deleting section 8 and replacing it with:

3. The maximum tax exemption authorized pursuant to this Bylaw is equal to the difference between the current taxable assessed value and the original assessed value of $73.92 per square metre. d) By deleting section 11 in its entirety. e) By deleting section 12 in its entirety. f) By deleting section 13 in its entirety and replacing it with:

4. In years 1 to 5, the parcels with an Exemption Certificate within the Revitalization Area will receive a maximum tax exemption equal to 100% of any increase between the current year’s assessed value without reference to this bylaw and the assessed value of $73.92 per square metre. g) By deleting section 14 in its entirety. h) By deleting section 15 in its entirety. i) By deleting section 16 in its entirety. j) By deleting section 17 in its entirety. k) By deleting section 18 in its entirety and replacing it with:

5. In years 6 and 7, the parcels within the Revitalization Area marked as Area A on Schedule “A” will not receive a tax exemption, and the parcels with an Exemption Certificate within the Revitalization Area marked as Area B on Schedule “A” will receive a maximum tax exemption equal to 100% of any increase between the current year’s assessed values without reference to this bylaw and the assessed value of $73.92 per square metre. l) By deleting section 19 in its entirety. m) By deleting section 22 in its entirety and replacing it with:

6. An Exemption Certificate issued under this Bylaw shall automatically be cancelled if the owner of the parcel to which the Exemption Certificate relates is not a party to an Exemption Agreement in respect of that parcel. The original owners are listed in Schedule “B” to this bylaw. n) By deleting Schedule A in its entirety and replacing it with Schedule “A” as attached hereto and forming part of this bylaw. o) By adding Schedule “B” as attached hereto and forming part of this bylaw.

7. This bylaw may be cited as “City of Langford Revitalization Tax Exemption for Industrial Development Bylaw No. 2006, 2021, Amendment No. 2, Bylaw No. 2240, 2025”.

READ A FIRST TIME this 6th day of October, 2025. READ A SECOND TIME this 6th day of October, 2025.

READ A THIRD TIME this 6th day of October, 2025. ADOPTED this __ day of , 2025.

PRESIDING COUNCIL MEMBER
CORPORATE OFFICER