Alberta Municipal Affairs recently announced that they will be postponing the finalization and implementation of the proposed Regulated Industrial Property Assessment (RIPA) Minister’s Guidelines for one year.
This decision is a huge victory for Designated Industrial Property (DIP) ratepayers, and can be attributed to the heavy pressure put on Municipal Affairs by Alberta stakeholders. In response to AEC clients’ written concerns that were submitted during the consultation period, Municipal Affairs indicated that this postponement was a direct result of “concerns you have raised, as well as other recommendations received during the public comment phase of this process.”
A by-product of Legislature voting to pass the Modernized Municipal Government Act – Bill 21, RIPA contains many far-reaching changes that will affect how industrial property in Alberta is assessed. As such, the delay comes as welcome news to many taxpayers who felt that there were significant flaws in the proposed amendments. Popular opinion among industry stakeholders was that the proposed revisions failed to address major concerns, and could even be considered a step backwards.
AEC was heavily involved throughout the review process, encouraging DIP ratepayers to make their voice heard. By hosting informative stakeholders’ sessions and circulating updates and deadlines as they became available, we made our position on the proposed changes clear and supported clients in defining theirs. We will continue to advocate on behalf of the energy industry during this extended review period and work to develop alternative solutions to the issues that were raised.
We want to thank all of our clients and industry associates who took advantage of the opportunity to provide feedback to Municipal Affairs – your leadership has resulted in the reconsideration of significant regulations.