Extending Repayment Due Date for Eligible Properties from the 2020 Property Tax Deferral Program - by Councillor Kristyn Wong-Tam, seconded by Josh Matlow

Certain eligible properties that were unable to meet this repayment deadline are still facing many of the same financial pressures that they were last year when this program was implemented due to lock downs throughout the first half of 2021 and capacity limits that continue to be in place for some businesses. Most recently, the Province has paused the lifting of capacity limits in higher-risk settings including food and drink establishments with dance facilities such as night clubs and wedding receptions, strip clubs, sex clubs and bathhouses. It is for these residents and businesses that I ask Council to consider extending the payment due date to June 30, 2021 through a by-law amendment to provide the financial relief originally sought in applying for this program. Staff have advised that 46 out of the 50 properties that did not meet the original repayment due date would benefit from extending the due date to June 30, 2021 as they have since paid their 2020 property taxes in full. Amounts waived would be applied as credits to the property tax account. The total amount of fees, interest and penalties that the City would be waiving as a result of this motion are summarized below. Amounts to be waived will be funded from the 2021 Non-Program Tax Deficiency account, with no impact on current or future year budgets. Account Type Number of Accounts Total Penalty, Fees and Interest added as of November 30, 2020 Residential 35 $3,857 Non-Residential 11 $12,456 Grand Total 46 $16,313 REQUIRES RE-OPENING: Item EX27.11 (November 9, 10 and 12, 2021 City Council Meeting only as it pertains to the repayment date for eligible properties.

City Council authorize the introduction of the necessary Bills in Council to give effect to City Council's decision.