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General Government and Licensing Committee · 2019-01-14 · 2019.GL1.6

The filed record

Grant of Exemption from Late Payment Fees - Tourism Space at Union Station

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The decision

2019-01-30 · Toronto City Council · adopted

As filed

City Council on January 30 and 31, 2019, adopted the following: 1. City Council grant an exemption from the requirement to charge late payment fees of 15 percent per year for outstanding receivable balances and returned cheque fees (currently $40 per returned cheque) under the lease to Her Majesty the Queen in Right of Ontario, as represented by the Minister of Infrastructure (the "Tenant"), for space at Union Station for the promotion and marketing of tourism in Ontario.

On the agenda

As the city filed it

Infrastructure Ontario and Lands Corporation, on behalf of Her Majesty the Queen in Right of Ontario as represented by the Minister of Infrastructure, has been negotiating a lease agreement with the City for space at Union Station to be used for the promotion of tourism in Ontario and it has advised that it cannot agree to pay interest on late payments or returned cheque fees, as it does not have Treasury Board approval to do so, as required under the Financial Administration Act.

Show the rest of As the city filed it, 134 more characters as filed

Accordingly, this report seeks an exemption from the requirement to charge late payment fees and returned cheque fees under the lease.

Staff recommended

The Acting Director, Real Estate Services recommends that: 1. City Council grant an exemption from the requirement to charge late payment fees of 15 percent per year for outstanding receivable balances and returned cheque fees (currently $40 per returned cheque) under the lease to Her Majesty the Queen in Right of Ontario, as represented by the Minister of Infrastructure (the "Tenant"), for space at Union Station for the promotion and marketing of tourism in Ontario.

Considered

  • 2019-01-14 · General Government and Licensing Committee · adopted

    Decision as filed

    The General Government and Licensing Committee recommends that: 1. City Council grant an exemption from the requirement to charge late payment fees of 15 percent per year for outstanding receivable balances and returned cheque fees (currently $40 per returned cheque) under the lease to Her Majesty the Queen in Right of Ontario, as represented by the Minister of Infrastructure (the "Tenant"), for space at Union Station for the promotion and marketing of tourism in Ontario.

  • 2019-01-30 · Toronto City Council · adopted

On the record

The item as the City filed it

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