City CouncilMeeting 12
Application by HAC OTTAWA AIRPORT, LP for an Ottawa International Airport Community Improvement Plan grant for 1085 Airport Parkway Private
Council was asked to
- the report recommendations be approved, as amended as follows: “Approve the grant application submitted by HAC OTTAWA AIRPORT, LP ("Germain Hotels”), in respect to 1085 Airport Parkway Private, in accordance with the Ottawa International Airport Community Improvement Plan, not to exceed $3,737,668 over a maximum period of 10 years, subject to the establishment of, and in accordance with, the terms and conditions of a Community Improvement Plan Agreement.” Delegate authority to the General Manager, Planning, Real Estate and Economic Development, to finalize and execute an Ottawa International Airport Community Improvement Plan Agreement with HAC OTTAWA AIRPORT, LP, establishing the terms and conditions governing the payment of a grant for the development of 1085 Airport Parkway Private, to the satisfaction of the General Manager, Planning, Real Estate and Economic Development Department, the City Solicitor, and the Chief Financial Officer.
Lost
7 for, 18 against
- Affects
- City-wide
- Agenda item
- 14.4
- Motion number
- 2023 - 12/04
- City file number
- ACS2023-PRE-EDP-0013
How each member voted
The recitals
- the Ottawa International Airport Community Improvement Plan (YOW CIP) supports the development of the Ottawa Airport lands and provides both direct and indirect economic benefits to the City of Ottawa and to the local business community
- the YOW CIP was intended to help kickstart development projects near the airport in order to generate new lease revenue to mitigate the ongoing effects of the COVID-19 pandemic on travel and tourism, and to allow the Ottawa Airport to effectively compete with airports in other Canadian and North American municipalities
- the Ottawa International Airport Community Improvement Plan (YOW CIP) allows for tax increment equivalent grants of up to 25 years, while many City of Ottawa CIPs have a maximum grant period of ten years
- the applicant, HAC OTTAWA AIRPORT, LP (“Germain Hotels”), has indicated via a letter to the Mayor dated April 6, 2023 that they would accept a ten-year grant period
- the applicant’s grant would total approximately $3.74-million over a ten-year grant period while the City’s net property tax (municipal portion) would total $1.2-million over the same period and $13.7-million over 25 years
Check it yourself
This entry was transcribed from the City Clerk's official minutes. If anything here looks wrong, the minutes are the authority.
Read the official minutes