City of Saskatoon Standing Policy Committee Agenda Sept 2024
Significant Grant Awarded to Elmwood Residences
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Description
Elmwood Residences Inc. received $1,134,000 grant and $237,066.45 tax abatement over five years for 42 affordable accessible units.
Contract Details
Contract Amount
$1,134,000.00 capital grant; $237,066.45 five-year tax abatement
Vendor
ELMWOOD RESIDENCES INC
Agency
City of Saskatoon, Canada
Contract Type
PROFESSIONAL_SERVICES
Document Date
September 4, 2024
Contract Term
Five years (tax abatement); 20-year affordability term required by program
Renewal Date
2029-12-31
Renewal Info
Five-year abatement; 20-year affordable covenant
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