Title: Request for Deferral - Our Lady Queen of Peace Ranch (Northern Alberta) Ltd.
Action: 1. That the 2017 local improvement levies for Our Lady Queen of Peace Ranch (Northern Alberta) Ltd. (Tax Rolls 1099522 1099530 and 1223353) be deferred until 2035 to allow for restructuring to occur.
2. That the partial payment of 2017 local improvement levies made by Our Lady Queen of Peace Ranch (Northern Alberta) Ltd. to Tax Rolls 1099522 1099530 and 1223353 be refunded.
3. That the local improvement revenue in corporate budgets be reduced and on a one-time basis the 2017 payment of $151 859.54 be funded from year end surplus.
4. That a report return to Executive Committee by May 2018 providing an update on the property’s status and discussing the need for further deferral or other action as appropriate.
Department: Financial and Corporate Svcs.
May 2018 Exec. Committee