Kindale Developmental Association may get a fourth permissive tax exemption from the City of Armstrong.
Kindale has applied for an exemption, beginning in 2016, on a fourth property the association took possession of this month.
The city’s current bylaw provides for exemption from property taxes for three existing Kindale properities: two houses and its headquarters and thrift store.
The exemptions on these properties amount to $11,115 and does not include amounts exempted for other agencies such as school tax.
Kindale bought the former Sears building in the 2500 block of Patterson Avenue.
“Kindale has indicated in their application that the property will be known as Independent Generation, and will be used as a centre for individuals to receive professional support, guidance, resources, employment options and socialization,” wrote city chief financial officer Terry Martens in a report to council.
The amount the city generated from the property in 2015 was $2,007.69.
Council voted to try a one-year exemption.
A bylaw will be prepared by staff on the matter and brought back to council.
Building statistics in the city continue to impress.
Numbers for June released by the Regional District of North Okanagan show there were eight building permits issued for residential, commercial and industrial purposes totaling $1,169,261.
In the same month in 2014 there were none.
So far, in 2015, 36 permits totalling $4,524,537 have been issued in the city, up from 15 worth $1,694,000 a year ago.
In the Township of Spallumcheen, there were seven permits – four residential, three agricultural – issued in June 2015 worth $1,077,000 which is up from one a year ago.
For the year to date, 23 permits worth $4,617,204 have been issued, up from 20 totalling $2,464,065 over the same time period a year ago.