Kingston Biddingo #F18-CFO-FS-2024-01

Consulting Services for Feasibility Study of Vacant Homes Tax Program

The City of Kingston is seeking consulting services to evaluate the feasibility of implementing a Vacant Homes Tax (VHT) program. - Government Buyer: - City of Kingston - Scope of Work: - Assess the viability of a Vacant Homes Tax in the Kingston housing market - Project potential revenue yields based on the estimated number of vacant units - Estimate start-up and ongoing operational costs for the program - Recommend next steps for implementation, including any required provincial applications - Prepare a comprehensive report and work plan - Conduct meetings to discuss findings and recommendations - If approved by Council, outline detailed costs and steps for program implementation - Products/Services Requested: - Consulting services for feasibility study and implementation planning - Unique/Notable Requirements: - No specific OEMs, products, or part numbers are referenced - Emphasis on actionable recommendations and cost projections for a potential municipal tax program

Description

The City of Kingston is soliciting proposals for consulting services to assess the feasibility of a Vacant Homes Tax (VHT) program. The scope includes reviewing the viability of the VHT for the Kingston market, projecting revenue yields based on potential vacant housing units, estimating start-up and ongoing costs, and recommending next steps for implementation including provincial application requirements. The project involves creating a report, work plan, and meetings to determine feasibility, as well as outlining costs for program implementation if approved by Council.

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