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Development incentives to encourage residential development. The City of Brooks is looking at development incentives that are currently offered by other municipalities in the province. These are some of the recommended options: Residential Dwelling Unit(s) New Build This incentive would provide those constructing new dwelling units with the following: 100% reduction on the municipal portion of property taxes the year construction; 75% reduction for the first year following construction; 50% reduction for the second year following construction; 25% reduction for the third year following construction.
Discount City Owned Property To generate land sales and spur development, the City may provide a discount on its residential lots. Offsite Levy Deferral/Relief The offsite levy included in the sale of a lot on 14th Street beside the ball diamonds, would be approximately $8,500. Waiving offsite levies would be a significant incentive but does have drawbacks. Offsite levies fund future infrastructure. If they are waived future developments will have to pick up the shortfall. The other option is to defer the payment of the offsite levies for a period or have them paid over time.
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