Council Initiative for the Austin Heights Business Improvement Area

In accordance with Section 213 of the Community Charter, notice is hereby provided that City of Coquitlam Council is intending to establish a local area service in relation to a Business Improvement Area in Austin Heights pursuant to sections 210 and 215 of the Community Charter

This notice concerning the creation of a local area service on Council initiative is given pursuant to Section 213(1) of the Community Charter The local area service proposed is the Austin Heights Business Improvement Area (AHBIA)

1 The proposed AHBIA will provide the following business services: a The encouragement of business in the Business Improvement Area in order to complement and expand the present business mix; b. The strengthening of businesses in the Business Improvement Area by undertaking beautification projects, partnerships, new marketing strategies, community events and merchandising techniques to promote existing business; and c The improvement, beautification, maintenance and security of the Business Improvement Area to attract customers and improve community ambiance

2. The business promotions Primary Area will be designed to benefit the area shown outlined in red on the attached map identified as “Schedule A”

3 The estimated cost of the business promotion services will be:

• 2023 = $268,809

• 2024 = $301,066

• 2025 = $331,173

• 2026 = $357,666

• 2027 = $386,280 This will represent, in aggregate, a total amount not exceeding $1,644,994 for the five-year term of the proposed bylaw

4 Land or improvements within the Business Improvement Area shown outlined in red on the attached map identified as “Schedule A” will not be subject to this local service tax unless classified, in whole or in part, as Class

6 (business and other - as defined in the Assessment Act Regulation, B C Reg 438/81), with the exception of those Class 6 properties which have been granted a statutory or permissive exemption under sections 220(1) or 224(1) of the Community Charter

5 100% of the cost of the business improvements will be borne by the benefiting property owners

6 The local service tax will be collected as a property value tax which will be calculated on the basis of each individual Class 6 property’s assessed value in relation to the assessed value of all Class 6 properties in the local service area multiplied by the rate necessary to raise the required funds as set out in Item 3 above

7. The charges will be imposed for a period of five years from January 1, 2023 to December 31, 2027

Council may proceed with the establishment of the AHBIA, unless owners of at least 50% of the parcels, representing at least 50% of the total assessed value of the parcels subject to the local service tax, petition Council not to proceed with the initiative within 30 days after the publication of the final publication of this notice (February 9, 2023)

If you, as an affected property owner in the designated area, support the initiative, you do not have to respond to this notice Any opposition to the initiative by affected property owners must be made by the majority of owners signing and returning the provided petition to the City Clerk’s Office in one of the following ways: (1) in person or by mail to the City Clerk’s Office, City of Coquitlam, 3000 Guildford Way, Coquitlam, BC, V3B 7N2; (2) by email to clerks@coquitlam ca; or (3) by fax to 604-927- 3015 All petitions must be received no later than 5:00 p.m., Monday, March 13, 2023.

Following the March 13, 2023 deadline, the petitions will be reviewed for sufficiency and validity and presented to Council at a future Council meeting for consideration Depending on the results of this petition process, Council may choose at that time to proceed with a bylaw establishing a Business Improvement Area in the Austin Heights neighbourhood

If you have any questions regarding this petition, please contact the City Clerk’s Office at 604-927-3010 For information relating to the AHBIA renewal, please contact Eric Kalnins at 604-927-3912

Katie Karn City Clerk