WHEREAS the provincial Home Owner Grant Program is in place to provide tax relief for individuals at their principle residence; AND WHEREAS the eligibility criteria includes an administrative policy to claim a grant for only one tax year after a home is destroyed by fire or other natural disaster; AND WHEREAS the property at 1200 Pacific Street in Coquitlam is under permit to be remediated following a fire on July 20, 2006; AND WHEREAS it is highly unlikely that a remediation project for 40 apartment units would be completed within the next tax year; AND WHEREAS the construction market in British Columbia puts further strain on a property owners ability to complete major remediation projects within the next tax year: THEREFORE BE IT RESOLVED that the provincial Home Owner Grant Program be amended to include criteria for the next two tax years following a fire or natural disaster.
