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Economic Development Services - Business Development and Retention. Presentation to CCIM. Presentation Overview. Investments, Employment & Taxes New Official Plan New Zoning By-Law New Development Guideline New Signature Sites New Tax Grant Program No Development Charges

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Presentation Transcript
presentation overview
Presentation Overview
  • Investments, Employment & Taxes
  • New Official Plan
  • New Zoning By-Law
  • New Development Guideline
  • New Signature Sites
  • New Tax Grant Program
  • No Development Charges
  • No Parkland Dedication Fees
city of toronto employment 1996 2001
City of Toronto Employment 1996-2001

Source: City of Toronto Employment Survey

slide5

Tax Rates Going Down

Taxes on Industrial Properties are down. . .

25% in the past 5 years!

new official plan
New Official Plan
  • New Official Plan
  • Passed by Council in Nov. 2002
  • Not yet in effect
  • 163 Appeals to OMB
  • Urban Structure Map
  • Land Use Map
new zoning by law
New Zoning By-Law
  • Consolidation of 41 zoning by-laws into 1 for the City
  • 4 phase development over 4 years
  • Over 1,500 definitions
  • Hundreds of zoning provisions
  • Consolidated parking, setback and other standards
new development guideline
New Development Guideline
  • A Guidebook on the development process in the City
  • Types of applications
  • Application requirements
  • Other requirements
signature site w 12
Signature Site W-12
  • Location: 260 Eighth St
  • Closest Major Intersection: Islington Ave & New Toronto St
  • Side of Street: w/s City Ward: 6
  • Assessment Roll Number: 1919052490034000000
  • Available Site Area (Acres): 38.80 Total Site Area (Acres): 38.80
  • Frontage (ft.): 1164
  • Official Plan*: Employment Area Zoning*: I.C2
  • Owner’s Represtative: Jeff Steiner Telephone: # 416-214-4641 Email:[email protected]
  • Owner’s Represtative: Brian Athey Telephone: # 416-981-2896 Email:[email protected]
  • Company: TEDCO
  • Comments: Great opportunity for employment uses. Large vacant site in South Etobicoke. Excellent labour force availability with premium access to Gardiner/QEW and all major road corridors in the GTA. A benefit of this site is a Financial Incentive Program offered by the City of Toronto. Contact Judy Dunstan at 416-981-2884 for more information.
  • Economic Development Division Contact: Judy Dunstan Telephone # 416-981-2884
  • Email:[email protected]
  • *Note: Official Plan and Zoning excludes numbered policies and exceptions and is for general information only.
new tax grant program
New Tax Grant Program
  • Pilot Project in New Toronto area of South Etobicoke
  • Tax Increment Financing
  • Occurs over 10 – 12 years
  • Rebates 100% of new municipal tax in first year and rebate declines 10% per year until 10 year
  • Brownfield Remediation could add 2 additional years of 100% rebate
no development charges
No Development Charges
  • No municipal development charges
  • No regional development charges
  • No TDSB development charges
  • Minor Catholic School Boards charges of 23c
no parkland dedications fees
No Parkland Dedications Fees
  • No Parkland Dedication Fees for non-residential development
what you should know
What you should know
  • Our key selling points
    • TTC
    • High labour quality and availability
    • Taxes are coming down
    • NO City Development Charges
    • NO Park contribution on non-residential
    • Wide selection of vacant and improved properties
connecting with you
Connecting with You
  • Talk to Toronto West EcDev Office - we have knowledge and information that can help you
  • Get us involved early in your project
  • We keep confidential matters confidential
  • No charge for our services!
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