hide/show menu
Return to Table of Contents | Print | Version fran├žaise | Close Window

Matters Arising from the Closed Session
 
Matters Arising from Operations Committee
 
Matters Arising from Emergency Services Committee
 
Matters Arising from Community Services Committee
 
Matters Arising From the Planning Committee
 
Matters Arising from Hearing Committee
 
Adopting, Approving or Receiving Items in the Consent Agenda
 
Minutes
Routine Management Reports
Correspondence for Information Only
Managers' Reports
By-Laws
 
Motions
Addendum
 
Civic Petitions
 
Question Period and Announcements
 
Notices of Motion
 
Adjournment
 
Meeting Quick Pick

For Information Only

Notices Regarding Automatic Rent Reductions



Presented To: City Council
Presented: Tuesday, Aug 22, 2017
Report Date: Wednesday, Jun 28, 2017
Type: Correspondence for Information Only



Signed By

Report Prepared By
Tony Derro
Manager of Taxation
Digitally Signed Jun 28, 17

Division Review
Ed Stankiewicz
Executive Director of Finance, Assets and Fleet
Digitally Signed Jul 21, 17

Financial Implications
Ed Stankiewicz
Executive Director of Finance, Assets and Fleet
Digitally Signed Jun 28, 17

Recommended by the Department
Kevin Fowke
General Manager of Corporate Services
Digitally Signed Aug 4, 17

Recommended by the C.A.O.
Ed Archer
Chief Administrative Officer
Digitally Signed Aug 4, 17

Resolution

For Information Only

Relationship to the Strategic Plan / Health Impact Assessment

This report refers to operational matters.

Report Summary

Each year municipalities in Ontario are obligated to send notices to owners and tenants of properties in the multi-residential tax class. The notices pertain to such properties that have experienced a year over year property tax reduction of 2.49% or more. The notices refer to the tax reduction as well as an eligible rent reduction for the next calendar year. This authority is found in the Residential Tenancies Act, 2006 and the Tenant Protection Act, 1998.

Financial Implications

There are no financial implications associated with this report.