J. Patterson said that the BIA Board is reviewing parking lot developments as property owners face an increase in the BIA tax levy. He said the Board will discuss a proposal for rezoning of 55, 65 and 75 Fourth Avenue (Fairgrounds property).
J. Patterson reported that a meeting with members of the Orangeville Blues and Jazz Festival, and Council representatives discussed the expected attendance of the event celebrating the twentieth anniversary in 2024. They addressed concerns for increased safety measures and support for downtown businesses.
J. Andrews said that Council is reviewing a draft budget for 2024, and explained the potential increase due to absolute requirements and infrastructure needs will be strategically assessed in the community's best interests, but that an increase is inevitable.
J. Andrews reported that Council has identified two rail spur properties near Centennial Road as surplus land and potentially available for sale.
J. Andrews said the Homelessness Task Force acknowledges the absence of affordable housing. He said that solution-based amendments to the Official Plan come with servicing implications when building tiny homes or allowing additional units on residential properties.
H. Savage said that two Official Plan amendments will soon be presented to Council introducing up to three garden units on residential properties. She said the Province supports developers with new incentives, but the developers do not necessarily pass the savings onto the homeowners. Municipalities are challenged to maintain services due to the loss of the development charges that are waived for the developers.
S. Brown said that the DBOT partnered with Dufferin County tourism to create videos that will promote area businesses and the available Hub space.
S. Brown reported a successful Play Local Golf Tournament organized by DBOT in August.
He said Dream Dufferin Career Pathways on November 9 is a new event combining the Dream Dufferin Skilled Trades show and Career Pathways to highlight in-demand careers to Dufferin youth.
L. Horne said currently there are ninety residential listings on the market making this the highest inventory at any one time in recent years. She said of eleven condominiums for sale, there are two with conditional sales.
She said that borrowers are paying $600 for every $100K borrowed at the current mortgage rates. L. Horne said that agents require higher security deposits when making an offer of sale on behalf of their clients.
She said there is a low supply of rental units for both residential and commercial properties. Residential leases range in price from $1,600 to $3,900 per month.
J. Small said that the Canadian Arts Presentation Fund (CAPF) has reduced funding back to 2018 levels across Canada. Municipalities will no longer get as much funding to support all festival requests. She said festivals such as the Orangeville Blues and Jazz will need to budget themselves to be more sustainable in future.
J. Andrews said the economic impact from a festival is something that is considered when reviewing applications for municipal funding support.
M. Vinden said the repayment deadline for businesses who received CEBA loans during the pandemic is extended to January 18, 2024 for partial loan forgiveness.