Revitalization Tax Exemption Program Bylaw No. 4609, 2025 — full text

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THE CORPORATION OF THE CITY OF DAWSON CREEK BYLAW NO. 4609 A bylaw to establish a revitalization tax exemption program to encourage new developments and property improvements in Dawson Creek. WHEREAS, the Council of the City of Dawson Creek may, by bylaw, establish a revitalization tax exemption program to encourage various types of revitalization to achieve a range of economic, social, and environmental objectives, pursuant to Section 226 of the Community Charter; AND WHEREAS, the Council of the City of Dawson Creek recognizes the importance of realizing new development; AND WHEREAS, the Council of the City of Dawson Creek wishes to provide revitalization incentives throughout the City for all development types; AND WHEREAS, a revitalization tax exemption program bylaw may only be adopted after notice of the proposed bylaw has been given in accordance with Section 227 of the Community Charter; AND WHEREAS, the Council of the City of Dawson Creek has considered the proposed bylaw in conjunction with the objectives and policies set out in its financial plan under Section 165(3.1)(c) [use of permissive tax exemptions] of the Community Charter; NOW THEREFORE, the Council of the City of Dawson Creek, in open meeting assembled, enacts as follows: SECTION 1 - SHORT TITLE 1.1 This bylaw may be cited as "DAWSON CREEK REVITALIZATION TAX EXEMPTION PROGRAM BYLAW NO. 4609, 2025." SECTION 2 - APPLICATION 2.1 This bylaw applies only to Eligible Projects within the Dawson Creek Incentive Area. SECTION 3 - DEFINITIONS 3.1 For the purpose of this bylaw, "Base Year" means the year in which the Tax Exemption Certificate is issued. "Chief Financial Officer" means the City's Financial Officer as defined in the Community Charter and includes their designate. "City" means the Corporation of the City of Dawson Creek. "Construction Value" means the total value of all construction work related to an Eligible Project, as approved by the General Manager of Development Services. Dawson Creek Revitalization Tax Exemption Program Bylaw No. 4609, 2025 Page 2 of 15 "Council" means the Council of the City. "Dawson Creek Incentive Area" means the entire City of Dawson Creek. "Eligible Project" means any construction project consisting of the construction or renovation of a building having a total Construction Value of seventy-five thousand dollars ($75,000) or more. "General Manager of Development Services" means the City's General Manager of Development Services and includes their designate. "Municipal Property Taxes" means property value taxes imposed as per the Community Charter. "Owner" has the same meaning as in the Community Charter, and where there is more than one owner of the relevant land, a reference in this bylaw to the owner of the land is a reference to all owners of it. "Property" means the legally described land and improvements to which a Tax Exemption is applied for and as legally described in the Revitalization Tax Exemption Agreement. "Revitalization Tax Exemption Agreement" means a tax exemption agreement between the Owner and the City, generally in the form attached as Schedule A. "Tax Exemption" means a revitalization tax exemption pursuant to a Tex Exemption Certificate. "Tax Exemption Certificate" means a tax exemption certificate issued under this bylaw, generally in the form attached as Schedule B. SECTION 4 - REASON AND OBJECTIVE FOR THE PROGRAM 4.1 The reason for the tax exemption program established by this bylaw is to realize new development in Dawson Creek. 4.2 The objective of the tax exemption program established by this bylaw is to encourage the construction and renovation of new development in Dawson Creek. SECTION 5 - MEANS OF ACCOMPLISHING THE PROGRAM OBJECTIVE 5.1 The City intends to accomplish the program's objectives by providing tax exemptions in respect of the Property on which Eligible Projects are to be constructed. SECTION 6 - DESCRIPTION OF ELIGIBLE PROJECT 6.1 Property on which an Eligible Project is to be constructed is eligible for a Tax Exemption under the program. SECTION 7 - EXTENT OF TAX EXEMPTIONS AVAILABLE 7.1 For an Eligible Project assessed as Class 1 (Residential), the following formula applies: The tax exemption provided under the program exempts from Municipal Property Taxes the increase in the assessed value of improvements on the Property resulting from the construction, alterations, or renovations, as compared to the assessed value of improvements in the Base Year. Dawson Creek Revitalization Tax Exemption Program Bylaw No. 4609, 2025 Page 3 of 15 The exemptions are as follows: a) Year 1: 100% of the increased assessed value of improvements on the Property. b) Year 2: 80% of the increased assessed value of improvements on the Property. c) Year 3: 60% of the increased assessed value of improvements on the Property. d) Year 4: 40% of the increased assessed value of improvements on the Property. e) Year 5: 20% of the increased assessed value of improvements on the Property. 7.2 For an Eligible Project in any other property class, the following formula applies: The tax exemption provided under the program exempts from Municipal Property Taxes the increase in the assessed value of improvements on the Property resulting from construction, alterations, or renovations, as compared to the assessed value of improvements in the Base Year. The exemptions are as follows: a) Year 1-2: 100% of the increased assessed value of improvements on the Property. b) Year 3-4: 80% of the increased assessed value of improvements on the Property. c) Year 5-6: 60% of the increased assessed value of improvements on the Property. d) Year 7-8: 40% of the increased assessed value of improvements on the Property. e) Year 9-10: 20% of the increased assessed value of improvements on the Property. SECTION 8 - TERM OF EXEMPTION 8.1 The maximum term of an exemption that may be provided under this bylaw is five years for Class 1 (Residential) properties and ten years for all other property classes. SECTION 9 - LATEST DATE TAX EXEMPTION CERTIFICATE MAY BE ISSUED 9.1 A Tax Exemption may only be provided under this bylaw if the Tax Exemption Certificate that relates to that exemption is issued on or before October 31, 2035. SECTION 10 - APPLICATION FOR TAX EXEMPTION 10.1 An application for a Tax Exemption under this bylaw may be made by the Owner of the Property in respect of which the exemption is sought by submitting to the City a completed application in a form prescribed by the Chief Financial Officer and by providing the following: a) a certificate showing that all taxes assessed, and rates, charges, and fees imposed on the land, and that were owing before the date of the application, have been paid; b) a copy of the most recent assessment notice for the Property; c) a complete description of the Eligible Project, including: i. plans of the project prepared by a qualified professional in a form sufficient to enable the Chief Financial Officer to reasonably determine if the proposed construction constitutes an Eligible Project. Dawson Creek Revitalization Tax Exemption Program Bylaw No. 4609, 2025 Page 4 of 15 ii. A construction cost estimate acceptable to the General Manager of Development Services certifying the Construction Value of the Eligible Project; and iii. such other information, if any, that the Chief Financial Officer requests. 10.2 A Tax Exemption Certificate may be issued in a calendar year only if an application that meets the requirements of this bylaw is made on or before September 15 for the 2025 calendar year, and July 31 for future calendar years beyond 2025. 10.3 For any Tax Exemption Certificates issued by October 31, 2025, a building permit for any part of the building that is part of the Eligible Project may have been issued prior to an application by the Owner for a Tax Exemption, provided that the application for a building permit was made after January 1, 2025. For Tax Exemption Certificates issued after October 31, 2025, an application for a Tax Exemption under this bylaw must be made before a building permit has been issued for any building that is part of the Eligible Project. 10.4 On application by the Owner, after a Tax Exemption Certificate is issued, the City may approve an amendment of the Revitalization Tax Exemption Agreement and the Tax Exemption Certificate to change the description of the Eligible Project to which those instruments apply. If as a result of the revision the Eligible Project changes from Class 1 Residential to a non-residential Class or vice versa, the term of any remaining Tax Exemption shall be adjusted in the revised Revitalization Tax Exemption Agreement and Tax Exemption Certificate to conform with this bylaw. SECTION 11 - REVITALIZATION TAX EXEMPTION AGREEMENT 11.1 After an application is made for a Tax Exemption, the City may, but is not required to, conditionally approve the application by requesting that the Owner of the lands on which the Eligible Project is to be undertaken enter a Revitalization Tax Exemption Agreement with the City. For certainty, in considering whether to enter into a Revitalization Tax Exemption Agreement, the City may consider any factor it considers appropriate, including whether the Owner is ready to submit a building permit application for the Eligible Project. SECTION 12 - TAX EXEMPTION CERTIFICATE 12.1 If, on or before October 20 of the 2025 calendar year, or October 1 of future calendar years beyond 2025, the Owner and the City have entered a Revitalization Tax Exemption Agreement and the Owner has fulfilled all requirements or conditions of the Agreement that are applicable to the issuance of a Tax Exemption Certificate, a Tax Exemption Certificate will be issued by the Chief Financial Officer in accordance with the Revitalization Tax Exemption Agreement on or before October 31 of that year. SECTION 13 - CANCELLATION OF TAX EXEMPTION CERTIFICATE 13.1 A Tax Exemption Certificate may be cancelled by the City at the request of the Owner or if any of the conditions in the Tax Exemption Certificate are not met. SECTION 14 - RECAPTURE AMOUNT 14.1 If a Tax Exemption Certificate is cancelled, the Owner must pay to the City within one month of the cancellation becoming effective, the amounts referred to in the Revitalization Tax Exemption Agreement and the Tax Exemption Certificate. Dawson Creek Revitalization Tax Exemption Program Bylaw No. 4609, 2025 Page 5 of 15 SECTION 15 - ADMINISTRATIVE 15.1 Schedules "A" and "B" are attached to and form part of this Bylaw. 15.2 If any provisions of this bylaw are declared or held to be illegal, invalid, or ultra vires, in whole or in part, then the provision shall not apply and the remainder of this bylaw shall continue in full force and effect and be construed as if it had been enacted without the illegal, invalid, or ultra vires provision. READ a first time this 22nd day of July , 2025. READ a second time this 22nd day of July , 2025. READ a third time this 22nd day of July , 2025. PUBLIC NOTICE provided pursuant to sections 94 and 227 of the Community Charter this 14th day of July , 2025. COUNCIL CONSIDERATION of bylaw in conjunction with financial plan objectives and policies this 22nd day of July , 2025. ADOPTED this 11th day of August , 2025. CERTIFIED A TRUE AND CORRECT COPY of Bylaw No. 4609 cited as "DAWSON CREEK REVITALIZATION TAX EXEMPTION PROGRAM BYLAW NO. 4609, 2025". The Corporate Seal of THE CORPORATION OF THE CITY OF DAWSON CREEK was affixed in the presence of: ORIGINAL SIGNED BY ORIGINAL SIGNED BY Tab Young Corporate Officer Darcy Dober - Mayor ORIGINAL SIGNED BY Tab Young - Corporate Officer Dawson Creek Revitalization Tax Exemption Program Bylaw No. 4609, 2025 Page 6 of 15 SCHEDULE 'A' REVITALIZATION TAX EXEMPTION AGREEMENT THIS AGREEMENT dated for reference the ________ day of ____________________, 20_____. BETWEEN: INSERT NAME INSERT THE ADDRESS OF THE PROPERTY OWNER IN RESPECT OF WHICH THE REVITALIZATION EXEMPTION WILL APPLY (the "Owner") AND THE CORPORATION OF THE CITY OF DAWSON CREEK 10105 12A Street Dawson Creek, British Columbia V1G 3V7 ("Dawson Creek") WHEREAS: A. The Owner is the registered Owner in fee simple of the Property in Dawson Creek at [civic address], legally described as [legal description] (the "Property"); B. Dawson Creek Council has established a revitalization tax exemption program for the purpose of encouraging the construction and renovation of development and has included within the "Dawson Creek Revitalization Tax Exemption Program Bylaw No. 4609, 2025" a designation of areas, which include the Property, as the Dawson Creek Incentive Area; and C. The Owner proposed to undertake an Eligible Project on the Property and has applied to Dawson Creek to take part in the revitalization tax exemption program in respect of the Eligible Project, and Dawson Creek has agreed to accept the Eligible Project under the program. THIS AGREEMENT WITNESSES that in consideration of the mutual covenants and agreements contained in the Agreement and the payment by the Owner to Dawson Creek of consideration in the amount of $1.00 (One Dollar), the receipt and sufficiency of which are acknowledged by Dawson Creek, Dawson Creek and the Owner covenant and agree with each other as follows: DEFINITIONS 1. Unless otherwise defined herein, all words and phrases in this Agreement shall have the same meaning as in the Dawson Creek Revitalization Tax Exemption Program Bylaw No. 4609, 2025 (the "Bylaw"). 2. In this Agreement: a. "Eligible Project" means the Eligible Project described in the application for Tax Exemption for the Property under the Bylaw, or, if applicable, as it has been revised with the City's approval under the Bylaw. Dawson Creek Revitalization Tax Exemption Program Bylaw No. 4609, 2025 Page 7 of 15 REVITALIZATION TAX EXEMPTION 3. Dawson Creek shall issue a Tax Exemption Certificate that is subject to compliance with the conditions set out in this Agreement and in the Bylaw, entitling the Owner to a Tax Exemption for the calendar year(s) set out in this Agreement. The Tax Exemption Certificate shall be in the form prescribed by the Bylaw. TERM 4. Provided the requirements of this Agreement and of the Bylaw are met, the Tax Exemption shall be for the taxation years ________ to ________, inclusive. CONDITIONS 5. A Tax Exemption is subject to the following conditions: a. the Owner must obtain a building permit for all new buildings or renovations of which the Eligible Project is comprised within [insert number] months of the date the Tax Exemption Certificate is obtained; b. the Owner must commence construction of the Eligible Project as soon as reasonably possible after the building permit for the Eligible Project is obtained and must diligently continue with that construction until the Eligible Project is completed; c. the Owner must obtain an occupancy permit for all buildings of which the Eligible Project is comprised within [insert number] months of issuance of the building permit for the project; d. the Owner must complete or cause to be completed construction of the Eligible Project in a good and proficient fashion and in strict compliance with the plans and specifications attached to and forming part of this Agreement as Appendix "A"; e. the Owner must provide Dawson Creek with the construction cost acceptable to the Dawson Creek General Manager of Development Services, certifying the actual cost to complete the Eligible Project; f. the Owner must not sell, assign, or otherwise transfer all or a portion of its equitable or legal interest in the Property unless the transferee takes an assignment of this Agreement and agrees to be bound by it, unless the sale, assignment or transfer is of a strata lot created by stratification pursuant to section 14; g. the property taxes in respect of the Property must not go into arrears or become delinquent; h. the Owner shall construct the Eligible Project and, at all times during the term of the Tax Exemption, use and occupy the Property and the Eligible Project in compliance with all statutes, law, regulations and orders of any authority having jurisdiction, and without limiting the generality of the foregoing, all federal, provincial, or municipal laws, statutes, bylaws, licences, permits or approvals, including all the rules, regulations, policies, guidelines, criteria or the like made under or pursuant to any such laws; Dawson Creek Revitalization Tax Exemption Program Bylaw No. 4609, 2025 Page 8 of 15 i. the Owner must pay to Dawson Creek in relation to the Eligible Project the cost of all tie-ins of works and services associated with the alteration to improvements, to existing storm and sanitary sewers, water mains, water meters, driveways and other municipal services; and j. throughout the term of this Agreement, the Owner shall operate, repair and maintain the Property and Eligible Project and will keep the Property and Eligible Project in a state of good repair as a prudent owner would. 6. For greater certainty, under no circumstances will the Owner be entitled under this Agreement or the Bylaw to any cash credits, any carry forward tax exemption credit, or any return for any taxes paid or Municipal Property Taxes paid. TAX EXEMPTION 7. For an Eligible Project assessed as Class 1 (Residential), the tax exemption provided under the program exempts from Municipal Property Taxes the increase in the assessed value of improvements on the Property resulting from the construction, alterations, or renovations, as compared to the assessed value of improvements in the Base Year. The exemptions are as follows: a. Year 1: 100% of the increased assessed value of improvements on the Property b. Year 2: 80% of the increased assessed value of improvements on the Property c. Year 3: 60% of the increased assessed value of improvements on the Property d. Year 4: 40% of the increased assessed value of improvements on the Property e. Year 5: 20% of the increased assessed value of improvements on the Property 8. For an Eligible Project in any other property class, the tax exemption provided under the program exempts from Municipal Property Taxes the increase in the assessed value of improvements on the Property resulting from the construction, alterations, or renovations, as compared to the assessed value of improvements in the Base Year. The exemptions are as follows: a. Year 1-2: 100% of the increased assessed value of improvements on the Property b. Year 3-4: 80% of the increased assessed value of improvements on the Property c. Year 5-6: 60% of the increased assessed value of improvements on the Property d. Year 7-8: 40% of the increased assessed value of improvements on the Property e. Year 9-10: 20% of the increased assessed value of improvements on the Property 9. Subject to early cancellation of the Tax Exemption Certificate under section 9, the Tax Exemption will be available for the taxation years ________ to ________. Dawson Creek Revitalization Tax Exemption Program Bylaw No. 4609, 2025 Page 9 of 15 CANCELLATION 10. Dawson Creek Council may, in its sole discretion, cancel the Tax Exemption Certificate at any time: a. on the written request of the Owner; or b. effective immediately, if at any time, any of the conditions in the Tax Exemption Certificate or this Agreement are not met. 11. A Tax Exemption Certificate cancellation does not apply to taxation in a calendar year unless the Tax Exemption Certificate is cancelled on or before October 31 in the preceding year. 12. Subject to section 13, if for any reason whatsoever the Tax Exemption Certificate is cancelled, the Owner of the Property for which the Tax Exemption Certificate was issued must remit to Dawson Creek an amount equal to the value of the Tax Exemption received, whether it is received before or after the date of the cancellation of the Tax Exemption Certificate. 13. If the Tax Exemption Certificate is cancelled because the Owner has failed to meet condition 5(f) of this Agreement [sale, assignment or transfer without agreement], the Owner of the Property for which the Tax Exemption Certificate was issued must remit to Dawson Creek an amount equal to the value of any Tax Exemption received after, but not before, the date of the cancellation of the Tax Exemption Certificate. 14. If the Owner stratifies any building on the Property under the Strata Property Act, the Tax Exemption shall be prorated among the strata lots in accordance with the unit entitlement of each strata lot for: a. the current and each subsequent tax year during the currency of this Agreement if the strata plan is accepted for registration before May 1; or b. for each subsequent tax year during the currency of this Agreement if the strata plan is accepted for registration on or after May 1. DAWSON CREEK'S RIGHTS AND POWERS 15. Nothing contained or implied in this Agreement prejudices or affects Dawson Creek's rights and powers in the exercise of its functions or its rights and powers under any public and private statutes, bylaws, orders, or regulations to the extent the same are applicable to the Property, all of which may be fully and effectively exercised in relation to the Property as if this Agreement had not been executed and delivered by the Owner. GENERAL PROVISIONS 16. It is mutually understood, agreed, and declared by and between the parties that Dawson Creek has made no representations, covenants, warranties, guarantees, promises, or agreements (oral or otherwise), express or implied, with the Owner other than those expressly contained in this Agreement. 17. This Agreement shall enure to the benefit of and is binding on the parties and their respective heirs, executors, administrators, successors and assigns. Dawson Creek Revitalization Tax Exemption Program Bylaw No. 4609, 2025 Page 10 of 15 18. The Owner shall, on the request of Dawson Creek, execute and deliver or cause to be executed and delivered, all such further transfers, Agreements, documents, instruments, easements, statutory rights of way, deeds and assurances, and do and perform or cause to be done and performed, all such acts and things as may be, in the opinion of Dawson Creek necessary to give full effect to the intent of this Agreement. 19. Time is of the essence of this Agreement. 20. This Agreement constitutes the entire Agreement between the Owner and Dawson Creek with regard to the subject matter hereof and supersedes all prior Agreements, understandings, negotiations, and discussions, whether oral or written, of Dawson Creek with the Owner. 21. Any notice or other communication required or contemplated to be given or made by any provision of this Agreement shall be given or made in writing and either delivered personally (and if so, shall be deemed to be received when delivered) or mailed by prepaid registered mail in any Canada Post office (and if so, shall be deemed to be delivered on the fifth business day following such mailing except that, in the event of interruption of mail service notice shall be deemed to be delivered only when actually received by the party to whom it is addressed), so long as the notice is addressed as follows: to the Owner at: [INSERT NAME] [INSERT ADDRESS] and: to Dawson Creek at: THE CORPORATION OF THE CITY OF DAWSON CREEK 10105 12A Street Dawson Creek, British Columbia V1G 3V7 Attention: Chief Financial Officer or to such other address to which a party hereto from time to time notifies the other parties in writing. 22. No amendment or waiver of any portion of this Agreement shall be valid unless in writing and executed by the parties to this Agreement. 23. Waiver of any default by a party shall not be deemed to be a waiver of any subsequent default by that party. 24. This Agreement is not intended to create a partnership, joint venture, or agency between the Owner and Dawson Creek. 25. This Agreement shall be construed according to the laws of the Province of British Columbia. 26. This Agreement is effective from and after the date it has been executed by both the Owner and Dawson Creek. 27. Unless otherwise expressly provided in this Agreement, whenever Dawson Creek is permitted to make or give any decision, direction, determination, or consent, Dawson Creek may act in its sole discretion. Dawson Creek Revitalization Tax Exemption Program Bylaw No. 4609, 2025 Page 11 of 15 28. Unless otherwise expressly provided in this Agreement, the expense of performing the obligations and covenants of the Owner contained in this Agreement, and of all matters incidental to this Agreement, is solely that of the Owner. 29. The Owner represents and warrants to Dawson Creek that: a. all necessary corporate actions and proceedings have been taken by the Owner to authorize its entry into and performance of this Agreement; b. upon execution and delivery on behalf of the Owner, this Agreement constitutes a valid and binding contractual obligation of the Owner; c. neither the execution and delivery, nor the performance of this Agreement shall breach any other Agreement or obligation, or cause the Owner to be in default of any other Agreement or obligation, respecting the Property; and d. the Owner has the corporate capacity and authority to enter into and perform this Agreement. 30. If any portion of this Agreement is held invalid by a court of competent jurisdiction, the invalid portion shall be severed and the decision that is invalid shall not affect the validity of the remainder of the Agreement. 31. If there is any conflict between the terms and conditions of this Agreement and the provisions of the Bylaw, the Bylaw shall take precedence to the extent of the conflict. 32. Wherever the singular or masculine is used in this Agreement, the same shall be construed as meaning the plural, the feminine, or a body corporate, where the context or the parties thereto require. Dawson Creek Revitalization Tax Exemption Program Bylaw No. 4609, 2025 Page 12 of 15 IN WITNESS WHEREOF the parties hereto have executed this Agreement as follows: THE CORPORATION OF THE CITY OF DAWSON CREEK by its authorized signatories as authorized in accordance with Appointment of Officers and Delegation of Authority Bylaw No. 4479, 2021: _________________________________________ Darcy Dober, Mayor _________________________________________ Tab Young, Corporate Officer Executed this _____ day of ______________, 20___. [INSERT NAME] by its authorized signatories: _________________________________________ Name and Title _________________________________________ Signature Executed this _____ day of ______________, 20___. Second Signature (if required) ____________________________________________ Name and Title ____________________________________________ Signature Executed this _____ day of ______________, 20___. Appendix A - Project Plans and Specifications Dawson Creek Revitalization Tax Exemption Program Bylaw No. 4609, 2025 Page 13 of 15 SCHEDULE 'B' TAX EXEMPTION CERTIFICATE Issued this _____ day of _______________, 20____. Expires this _____ day of _______________, 20____. PID: __________-__________-__________ (the "Property") Address: __________________________________________ Folio #: ____________________ AMOUNT For an Eligible Project assessed as Class 1 (Residential), the tax exemption provided under the program exempts from Municipal Property Taxes the increase in the assessed value of improvements on the Property resulting from the construction, alterations, or renovations, as compared to the assessed value of improvements in the Base Year. The exemptions are as follows: a. Year 1: 100% of the increased assessed value of improvements on the Property b. Year 2: 80% of the increased assessed value of improvements on the Property c. Year 3: 60% of the increased assessed value of improvements on the Property d. Year 4: 40% of the increased assessed value of improvements on the Property e. Year 5: 20% of the increased assessed value of improvements on the Property For an Eligible Project in any other property class, the tax exemption provided under the program exempts from Municipal Property Taxes the increase in the assessed value of improvements on the Property resulting from the construction, alterations, or renovations, as compared to the assessed value of improvements in the Base Year. The exemptions are as follows: a. Year 1-2: 100% of the increased assessed value of improvements on the Property b. Year 3-4: 80% of the increased assessed value of improvements on the Property c. Year 5-6: 60% of the increased assessed value of improvements on the Property d. Year 7-8: 40% of the increased assessed value of improvements on the Property e. Year 9-10: 20% of the increased assessed value of improvements on the Property TERM Unless it is cancelled, this Tax Exemption Certificate shall be in effect for _______________(_____) years commencing in 20_____ [insert first year]. Dawson Creek Revitalization Tax Exemption Program Bylaw No. 4609, 2025 Page 14 of 15 CONDITIONS This Tax Exemption Certificate is issued on the following conditions: a. the Owner must obtain a building permit for all new buildings or renovations of which the Eligible Project is comprised within [insert number] months of the date the Tax Exemption Certificate is obtained; b. the Owner must commence construction of the Eligible Project as soon as reasonably possible after the building permit for the Eligible Project is obtained and must diligently continue with that construction until the Eligible Project is completed; c. the Owner must obtain an occupancy permit for all buildings of which the Eligible Project is comprised within [insert number] months of issuance of the building permit for the project; d. the Owner must complete or cause to be completed construction of the Eligible Project in a good and proficient fashion and in strict compliance with the plans and specifications attached to and forming part of the Revitalization Tax Exemption Agreement as Appendix "A"; e. the Owner must provide Dawson Creek with the construction cost acceptable to the Dawson Creek General Manager of Development Services, certifying the actual cost to complete the Eligible Project; f. the Owner must not sell, assign, or otherwise transfer all or a portion of its equitable or legal interest in the Property unless the transferee takes an assignment of this Agreement and agrees to be bound by it, unless the sale, assignment or transfer is of a strata lot created by stratification pursuant to section 14 of the Revitalization Tax Exemption Agreement; g. the property taxes in respect of the Property must not go into arrears or become delinquent; h. the Owner shall construct the Eligible Project and, at all times during the term of the Tax Exemption, use and occupy the Property and the Eligible Project in compliance with all statutes, law, regulations and orders of any authority having jurisdiction, and without limiting the generality of the foregoing, all federal, provincial, or municipal laws, statutes, bylaws, licences, permits or approvals, including all the rules, regulations, policies, guidelines, criteria or the like made under or pursuant to any such laws; i. the Owner must pay to Dawson Creek in relation to the Eligible Project the cost of all tie-ins of works and services associated with the alteration to improvements, to existing storm and sanitary sewers, water mains, water meters, driveways and other municipal services; j. throughout the term of this Agreement, the Owner shall operate, repair and maintain the Property and Eligible Project and will keep the Property and Eligible Project in a state of good repair as a prudent owner would; and k. all requirements, terms and conditions of the Bylaw, the Revitalization Tax Exemption Agreement and this Tax Exemption Certificate have been met by the Owner. CANCELLATION If any term or condition of this Tax Exemption Certificate is not met, Dawson Creek Council may cancel the Tax Exemption Certificate. A cancellation of this Tax Exemption Certificate does not apply to taxation in a calendar year unless it is cancelled on or before October 31 in the preceding year. Dawson Creek Revitalization Tax Exemption Program Bylaw No. 4609, 2025 Page 15 of 15 RECAPTURE Subject to the paragraph below, if this Tax Exemption Certificate is cancelled, the Owner must remit to Dawson Creek an amount equal to the value of any Tax Exemption received, whether it is received before or after the date of cancellation of this Tax Exemption Certificate. Despite the paragraph above, if the Tax Exemption Certificate is cancelled solely because the Owner has failed to meet condition (a) [sale, assignment or transfer without agreement], the Owner of the Property for which the Tax Exemption Certificate was issued must remit to Dawson Creek an amount equal to the value of any Tax Exemption received after, but not before, the date of the cancellation of the Tax Exemption Certificate. DEFINITIONS All words and phrases in this Tax Exemption Certificate shall have the same meaning as in the Dawson Creek Revitalization Tax Exemption Program Bylaw No. 4609, 2025. Tax Exemption Certificate issued by: ____________________________________________ Chief Financial Officer The Corporation of the City of Dawson Creek