Finance

The Finance Department administers the following areas of responsibility:

Annually, Council may provide financial assistance, by way of a grant, to not-for-profit organizations that provide services Council considers necessary or desirable.
Grant-in-aid Application Forms (PDF) may be downloaded or picked-up at Municipal Hall. The annual deadline for applications is September 30 for the following year.
Grants must be applied for on an annual basis and approval in one year does not imply or suggest that approval in any subsequent year will occur.
A Revitalization Tax Exemption (RTE) program allows the District to exempt property from all, or a portion of, municipal property taxes. The intent of the program is to encourage development or redevelopment within a given area by providing a tax incentive for property owners who qualify. Revitalization tax exemptions are limited to municipal property value taxes and do not extend to school, hospital, or other property taxes, such as parcel taxes.
Council previously identified four key commercial/industrial development areas. They are the Town Center (Central Coldstream) area, Trintec Properties, Ricardo Road Industrial area and the Lavington Industrial Park. These four identified areas are supported in the Official Community Plan (OCP) as they are designated as commercial or industrial development areas.
- District of Coldstream Tax Revitalization Bylaw No. 1614, 2012 (PDF)
- District of Coldstream Town Centre Tax Revitalization Bylaw No. 1615, 2012 (PDF)

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