CDC: Business Grants
Rural Municipality of Pipestone
Business Grants
The purpose of this policy is to encourage business development and provide incentives for the construction of new and purchase of existing businesses within the Rural Municipality of Pipestone. Businesses can apply for a municipal grant based on the purchase or building costs of their business.
The applicant can submit a grant request to the Chief Administrative Officer of the municipality providing the following information:
-Business name and mailing address
-Roll Number and legal description of the property which the said grant is applied
-Purchase price of property (copy of certificate of title)
-For newly constructed businesses, a copy of the building permit application and occupancy permit.
Granting amounts shall be determined as follows:
Building/Purchase Price Scale % granted
$0 - $100,000 = 4%
$100,000 - $199,999 = 6%
$200,000 - $400,000 = 8% Up to a Maximum of $32,000.00
- Any extra requests which the business feels appropriate for their situation can be submitted to the CDC Board to review .
* Proof of purchase price shall be verified by copy of certificate of title provided to the municipality showing the transfer of title.
** Building costs shall be the value listed on the building permit for the construction.
Grant applications shall be reviewed by the CDC Board once suitable proof of purchase price or building costs are available. Approval of grants in whole or in part is at the discretion of the CDC Board.
Resolution No. 11/02/07
Rural Municipality of Pipestone
Municipal Residential Lots Sales Policy
The purpose of the policy is to encourage residential development and provide a format for individuals to purchase municipally owned residential lots at a low price.
Purchasers may enter into an option to purchase one of the available lots within the municipality with a deposit of $1000.00/lot. The selling price will be $10.00 per lot. If this offer is not acted upon within a 12-month period, the applicant will forfeit the $1000.00 deposit/lot. The purchaser is responsible for all legal costs associated with the sale of the property. The municipality shall keep an up to date a listing of available lots under this program.
The building process must commence within 12 months of the date of the offer. A principal residence only is considered appropriate construction to validate the offer.
The municipality shall transfer title to the property when construction is completed and an occupancy permit is issued, and at that time shall refund $990.00 of the $1,000.00 deposit.
In the event that a second individual indicates interest in the property at any time within the 12-month period, the first individual shall be given 90 days to commence construction to the satisfaction of the municipality. Failure to commence construction will result in the forfeit of the option and a refund of the $1,000.00 deposit.
The municipality reserves the right to limit or deny approval of the option to purchase at their discretion.
Resolution No. 11/02/07 Rural Municipality of Pipestone
Residential Grant Policy
The purpose of the policy is to encourage residential development and provide a format for individuals to apply for a municipal grant based on the purchase price of existing principal residences or the construction of new principal residences.
The applicant shall submit a grant request to the Chief Administrative Officer of the municipality providing the following information:
-Full Legal name and mailing address of applicant
-Roll Number and legal description of the property for which the said grant is applied
-Purchase price of property (copy of certificate of title)
-For newly constructed homes, a copy of building permit application and occupancy permit provided by building inspector-development officer
Grant amounts shall be determined as follows:
New Homes – 3% on the building cost* only of the home up to $6,000.00
Existing Homes – 3% on the purchase price** up to $4,000.00
Preexisting Acreages – All land is allowed to be included in the purchase price. Acreage status will be determines by the CDC Board
Farm Homes – Assessed value of the principal residence shall be used as the purchase price unless applicant provides a current/valid appraisal as determined by the CDC Board. The higher of these two amounts will be used for granting purposes.
*Building costs shall be the value listed on the building permit for the construction
**Proof of purchase price shall be verified by copy of certificate of title provided to the municipality showing the transfer of title
Grants applications shall be reviewed by CDC Board once suitable proof of purchase price or building costs are available. Approval of grants in whole or in part is at the discretion of the CDC Board.
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