City council in North Battleford gave its approval Monday to a couple of building incentive applications.
The first approval was for the five-year downtown tax exemption for Swanson Gryba & Company, a chartered professional accounting firm in North Battleford.
The incentive is for extensive renovations done at 1292-100th Street, the former Logan’s location. The total cost came to $498,615.92, but the PST pushed the overall cost over $500,000. Swanson Gryba & Co. also plans on doing a Phase II of construction estimated at $21,000. Based on those figures the five-year exemption on municipal taxes was granted.
The other approval was under the residential incentive program for a build on the 2300 block of Buhler Bay in the city.
The residential incentive was introduced in 2019 on a 12-month basis to spur on new housing starts in the city. According to city officials at Monday’s meeting, this was the first one to take advantage of the incentive.
This property will receive an exemption of 100 per cent of the municipal portion of residential tax in years one through three, followed by 75 per cent in year four and 50 per cent in year five.
