of The Clarion
Town officials are going to customize a tax incentive for a local farm implement dealership looking to develop a parcel of land on the east edge of town.
Rocky Mountain Dealerships Inc., owner of the Case IH dealership on 12th Ave. West, has plans to develop a parcel of land located east on the south side of Highway 7 within the town’s municipal boundary. The town is looking to provide a tax incentive to the company.
Council passed a resolution at a meeting on June 25 to direct the town’s administration to develop a customized alternative tax incentive draft agreement as per the Economic Incentive Tax Exemption Bylaw and that the draft agreement be based on the value of construction associated with the development of the new dealership.
According to the resolution, the tax incentive will be for five years if the construction value is more than $5 million and three years if the value is less than $5 million. All other provisions of the Economic Incentive Tax Exemption Bylaw will apply.For more on this story, please see the Jul. 11 print edition of The Clarion.