PUD2020-0758

That with respect to Report PUD2020-0758, the following be adopted: That Council direct Administration to: 1. Undertake a two-year phased program (2021 – 2023) to implement the heritage area policy tools, using the recommended thresholds, through the local area planning process, Land Use Bylaw amendments, or associated land use redesignations, and return to the Standing Policy Committee on Planning and Urban Development to report on the progress in Q1 2024; 2. Alter the City-wide Historic Resource Conservation Grant Program by: a. Preparing a mid-cycle budget request for a $2 million increase to the base budget and funding for the City-wide Historic Resource Conservation Grant Program from $500,000 to $2.5 million; b. Restructuring the grant program to direct $2 million to non-residential conservation projects with a cap of $1 million per project, and reserve $500,000 for residential projects with the existing cap of $125,000; and, 3. Return to the Priorities and Finance Committee no later than Q1 2022 with the residential tax credit financial incentive package for consideration in the 2023-2026 budget deliberations.