Media Release - District of West Vancouver co-winner of “Most Fiscally Responsible” award
Thursday, October 18, 2012
Thursday, October, 18, 2012, West Vancouver, BC – The District of West Vancouver is a co-winner of the award for the “Most Fiscally Responsible” municipality in Metro Vancouver for 2012, according to the Commercial Real Estate Development Association (NAIOP) Vancouver Chapter. Today, NAIOP presented the District with the award for keeping cost increases in line with, or below, the average rate of inflation for the region.
“This award recognizes the hard work of Council and staff to contain and control costs in the municipality,” says District of West Mayor Michael Smith. “We are striving to curb the trend of rising inflation outpacing income and we are very pleased that our hard work has not gone unnoticed.”
In winning this award, the District is being recognized for tabling a zero per cent property tax increase in 2012 and for limiting cost increases to a rate that is below the average rate of inflation since the survey’s inception in the year 2000.
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About NAIOP
NAIOP represents commercial real estate developers, owners and investors of office, industrial, retail and mixed-use properties. It provides strong advocacy, education and business opportunities, and connects its members through a powerful network.
About the District of West Vancouver
The District of West Vancouver is the local government led by Mayor Michael Smith and Council. Home to more than 44,000 residents, West Vancouver is a local government which strives to "inspire excellence and lead by example". Our Vision and Mission guide us to pursue our treasured quality of life and will be the measure of our success as a community. West Vancouver is a community built on innovation, a strong spirit of personal civic commitment and a deep value for relationships.
Media Contacts
Jeff McDonald, Director of Communications
c: 604-396-3692 | d: 604-925-4736 | e: jmcdonald@westvancouver.ca
Darlene K. Hyde, Executive Director, Vancouver Chapter, NAIOP
d: 604-341-0775 | e. darlenehyde@shaw.ca